Global markets declined after China imposed a 34% tariff on American goods in retaliation to tariffs imposed by President Trump, leading to a 5% drop in the S&P 500 and Nasdaq Composite. The move raised concerns of a prolonged trade war that could impact supply chains and push the U.S. economy towards a recession, prompting billionaire investor Bill Ackman to urge world leaders to negotiate with Trump. Trump’s talks with Vietnam about reducing tariffs to zero led to a 4% rally in Nike stock, a major holding in Ackman’s portfolio. Ackman also advised on negotiation strategies in dealing with tariffs.
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Skydiver dies after her parachute hit another jumper’s gear while approaching airport in Georgia
An experienced skydiver, Jasmine Black, 48, died after her main parachute collided with another jumper's gear at Thomaston Upson County Airport in Georgia, causing her emergency chute to fail to deploy. Despite having over 160 jumps, the low altitude of the incident prevented a successful cutaway maneuver, leading to her tragic death, which is under investigation by the authorities. Need More Context? 🔎
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