Wednesday, March 5th, 2025 - Trump talks DOGE & Mars; Markets crash; SCOTUS weakens water protections; BlackRock buys Panama ports


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Mar 05 2025 5 mins  

Today’s Headlines: Trump’s first joint address to Congress touched on immigration, DOGE, Mars, and a new Office of Shipbuilding. Meanwhile, Ukraine’s Zelensky called Friday’s Oval Office meeting “regrettable” and pushed for future cooperation. Trump’s tariffs on Canada, Mexico, and China took effect, sending markets tumbling nearly 700 points. Canada and Mexico announced retaliatory tariffs, while Commerce Secretary Howard Lutnick hinted at potential tariff relief soon. The administration is walking back mass federal firings after a judge ruled them likely illegal, giving agencies until September to finalize terminations. Republicans in Congress were advised to avoid in-person town halls after viral confrontations. The Supreme Court weakened the Clean Water Act, making it easier for companies to discharge raw sewage into waterways. Meanwhile, a BlackRock-led group bought majority stakes in key Panama Canal ports, taking control from a Hong Kong-based firm.

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Morning Announcements is produced by Sami Sage alongside Bridget Schwartz and edited by Grace Hernandez-Johnson

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