NYSE Content advisory: Pre-Market update + ICE launches NYSE Elite Tech 100 Index
Kristen Scholer delivers the pre-market update on July 10th
Stocks are coming off a winning session, with the S&P 500 gaining more than 0.6%
Investors monitor latest trade talks, with President Trump announcing a 50% tariff on Brazil on Wednesday
NYSE parent company Intercontinental Exchange launches NYSE Elite Tech 100 Index, set to debut later this month
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Minnesota Business Partnership shines a national spotlight on Minnesota's world-class businesses and the exceptional employees driving their success and advancing Minnesota's headquarters economy
Closing Bell
Calamos Investments (NYSE Arca: CAIE) celebrates the recent launch of their CAIE ETF
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Global News
26 minutes ago
- Global News
Can Trump impose tariffs without Congress? U.S. appeals court skeptical
Appellate court judges expressed broad skepticism Thursday over President Donald Trump's legal rationale for his most expansive round of tariffs. Members of the 11-judge panel of the U.S. Court of Appeals for the Federal Circuit in Washington appeared unconvinced by the Trump administration's insistence that the president could impose tariffs without congressional approval, and it hammered its invocation of the International Emergency Economic Powers Act to do so. 'IEEPA doesn't even mention the word 'tariffs' anywhere,' Circuit Judge Jimmie Reyna said, in a sign of the panel's incredulity to a government attorney's arguments. Brett Schumate, the attorney representing the Trump administration, acknowledged in the 99-minute hearing 'no president has ever read IEEPA this way' but contended it was nonetheless lawful. The 1977 law, signed by President Jimmy Carter, allows the president to seize assets and block transactions during a national emergency. It was first used during the Iran hostage crisis and has since been invoked for a range of global unrest, from the 9/11 attacks to the Syrian civil war. Story continues below advertisement Trump says the country's trade deficit is so serious that it likewise qualifies for the law's protection. 4:17 New poll sheds light on how Canadians feel about tariff negotiations with the United States In sharp exchanges with Schumate, appellate judges questioned that contention, asking whether the law extended to tariffs at all and, if so, whether the levies matched the threat the administration identified. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'If the president says there's a problem with our military readiness,' Chief Circuit Judge Kimberly Moore posited, 'and he puts a 20% tax on coffee, that doesn't seem to necessarily deal with (it).' Schumate said Congress' passage of IEEPA gave the president 'broad and flexible' power to respond to an emergency, but that 'the president is not asking for unbounded authority.' But an attorney for the plaintiffs, Neal Katyal, characterized Trump's maneuver as a 'breathtaking' power grab that amounted to saying 'the president can do whatever he wants, whenever he wants, for as long as he wants so long as he declares an emergency.' Story continues below advertisement No ruling was issued from the bench. Regardless of what decision the judges' deliberations bring, the case is widely expected to reach the U.S. Supreme Court. In filings in the case, the Trump administration insists that 'a national emergency exists' necessitating its trade policy. A three-judge panel of the U.S. Court of International Trade, a specialized federal court in New York, was unconvinced however, ruling in May that Trump exceeded his powers. The issue now rests with the appeals judges. 2:37 Trump frustrated with India trade talks, thinks 25% tariffs will help: Haslett The challenge strikes at just one batch of import taxes from an administration that has unleashed a bevy of them and could be poised to unveil more on Friday. The case centers on Trump's so-called 'Liberation Day' tariffs of April 2 that imposed new levies on nearly every country. But it doesn't cover other tariffs, including those on foreign steel, aluminum and autos, nor ones imposed on China during Trump's first term, and continued by President Joe Biden. Story continues below advertisement The case is one of at least seven lawsuits charging that Trump overstepped his authority through the use of tariffs on other nations. The plaintiffs include 12 U.S. states and five businesses, including a wine importer, a company selling pipes and plumbing goods, and a maker of fishing gear. The U.S. Constitution gives the Congress the authority to impose taxes — including tariffs — but lawmakers have gradually ceded power over trade policy to the White House. Trump has made the most of the power vacuum, raising the average U.S. tariff to more than 18%, the highest rate since 1934, according to the Budget Lab at Yale University.
Cision Canada
26 minutes ago
- Cision Canada
TOO QUIET TO TRACK: H55 REDEFINES NOISE STANDARDS AT MAJOR U.S. AIRPORT
SION, Switzerland, DENVER and HAMPTONS, N.Y., July 31, 2025 /CNW/ -- H55' s electric aircraft flies so quiet, that during a noise measurement test, the Bristell B23 Energic powered by H55 propulsion system was so quiet that the electric aircraft flew without triggering three of six official noise-monitoring sensors. On 11 July 2025, the B23 Energic flew identical flight paths alongside a comparable piston-engine across the airport's six official noise-monitoring stations: 3 of 6 sensors recorded no aircraft noise—the B23 flew below ambient sound thresholds (60 dB) The remaining sensors registered the B23 Energic at 1/10th of intensity of the noise measured in comparison to the piston aircraft "Electric aviation isn't the future—it's here," said Michael Fronapfel, CEO of Centennial Airport. "The B23 Energic offers noise levels so low, they're almost too quiet to track. This has real-world implications for airport communities. It's a level of performance we've never seen before in general aviation." A Breakthrough You Can't Hear — But Communities Will Appreciate "Across multiple flights, the B23 Energic consistently came in 30 times quieter than similar aircraft during cruise," said Zach Gabehart, Centennial Airport's Noise & Environmental Specialist. "If this keeps up, I might be out of a job." Electric propulsion isn't just fuel-free—it's neighbor-friendly, regulator-approved, and airport-operator- loved. With the B23 Energic, airports and flight schools can now enjoy: Longer training hours—say goodbye to neighbor noise complaints Lower environmental impact—no emissions, no exhaust Quieter skies—better community relations Future-proof compliance—ready for tomorrow's regulations today Certified Technology, Real-World Benefits "This test proves that electric aviation delivers not just environmental benefits, but tangible advantages for the communities around airports," said Martin Larose, CEO of H55. "We're proud to offer a certified propulsion system that helps make aviation more affordable, more sustainable, and more silent." The Hamptons: Experience the Silence Yourself, August 4–10 2025 The B23 Energic is currently making its way to one of the most noise-sensitive regions in the U.S.— the Hamptons. As part of its Across America tour, H55 will host demo flights, technology showcases, and stakeholder briefings in East and West Hampton from August 4–10, inviting the public and the aviation community to witness the future of clean flight. Schedule of Appearances: Francis S. Gabreski Airport (KFOK): August 6–7 East Hampton Town Airport (KJPX): August 4–5 & 8–10 RSVP to fly the future, visit: To schedule a meeting or interview, please contact: Tamar Burton – U.S. Media Relations [email protected] About H55 H55 is a Swiss-based company founded by the former Solar Impulse management team: André Borschberg, Sebastien Demont, and Gregory Blatt. Dedicated to revolutionizing the aviation industry, H55 provides certified electric propulsion and battery management systems tailored to a diverse range of aircraft, aiming to achieve sustainable air travel. H55 supplies certified electric propulsion systems with full airplane integration solutions for general aviation and regional transport aircraft. Through its pioneering legacy and commitment to certified solutions, H55's team of visionary engineers and aerospace experts are at the forefront of driving the aviation industry setting new standards and pushing the boundaries of electric aviation. For more information, visit: or contact [email protected] Media Contact [email protected] H55 SA Route de l'Aéroport 10 1950 Sion Switzerland SOURCE H55
CTV News
42 minutes ago
- CTV News
Trump's EPA is targeting key vehicle pollution rules. What that means for carmakers
DETROIT — The U.S. Environmental Protection Agency's plan this week to relax rules aimed at cleaning up auto tailpipe emissions is the latest Trump administration move to undo incentives for automakers to go electric. As part of a larger effort to undo climate-based governmental regulations, the EPA on Tuesday said it wants to revoke the 2009 finding that carbon dioxide and other greenhouse gases endanger public health and welfare. That would cripple the legal basis for limiting emissions from things like power plants and motor vehicles. U.S. President Donald Trump's massive tax and spending law already targets EV incentives, including the imminent removal of a credit that saves buyers up to US$7,500 on a new electric car. The tax law approved in early July also includes another provision that will hit Tesla and other EV makers in the pocketbook — repealing fines for automakers that don't meet federal fuel economy standards. Automakers can buy credits under a trading program if they don't meet the mileage standards. EV makers like Tesla, which don't rely on gasoline, earn credits that they can sell to other carmakers. The arrangement has resulted in billions of dollars in revenue for Tesla and millions for other EV makers like Rivian. That is all set to go away under the new law. Trump has also challenged federal EV charging infrastructure money and blocked California's ban of new gas-powered vehicle sales. It adds up to less pressure on automakers to continue evolving their production away from gas-burning vehicles. And that's significant because transportation — which also includes ships, trains and planes — is the sector that contributes the most to planet-warming emissions in the U.S. Push and pull on tailpipe and mileage rules Stringent tailpipe emissions and mileage rules were part of the Biden administration's pledge to clean up the nation's vehicles and reduce use of fossil fuels by incentivizing growth in EVs. EVs do not use gasoline or emit greenhouse gases. The Trump administration and the auto industry have said both rules were unreasonable for manufacturers. Automakers could meet EPA tailpipe limits with about 56 per cent of new vehicle sales being electric by 2032 — they're currently at about eight per cent — along with at least 13 per cent plug-in hybrids or other partially electric cars, and more efficient gasoline-powered cars that get more miles to the gallon. The latest mileage targets set under the Biden administration required automakers to get to an average of about 81 kilometres per gallon for light-duty vehicles by model year 2031, and about 35 miles per gallon for pickups and vans by model year 2035. But U.S. Department of Transportation Secretary Sean Duffy pressured the National Highway Traffic Safety Administration earlier this year to reverse the rules, and has recently said Biden's inclusion of EVs in calculating them was illegal. NHTSA will likely reset or significantly weaken them. The fines that are going away Then there are the fines that automakers will no longer face for falling short on the fuel economy rules. 'With the signing of the One Big Beautiful Bill, new penalties for automakers not complying with an illegal fuel economy standard designed to push EVs will be zero,' NHTSA spokesman Sean Rushton said in a statement. Some legacy automakers have paid hundreds of millions of dollars in penalties for not meeting them. Just last year, Jeep-maker Stellantis paid US$190.7 million for model years 2019 and 2020, and General Motors paid US$128.2 million for the 2016 and 2017 model years. Automakers that didn't meet the standards could also instead buy credits from carmakers that did — or even surpassed them — such as Tesla. That provision earned Tesla US$2.8 billion in 2024 — revenue it will no longer see. Elon Musk sharply criticized the big tax-and-spending bill in June, saying it 'gives handouts to industries of the past while severely damaging industries of the future.' Tesla did not immediately respond to a request for comment on the law's effect on those credits. The agency wrote to carmakers earlier this month informing them the penalties wouldn't be issued from the model year 2022 onward. Some automakers confirmed receiving the letter but declined to comment further. Experts say without them, the law 'invites automakers to cheat on government fuel economy rules by setting fines to US$0, ensuring consumers will buy more gas guzzlers, pay more at the pump and enrich Big Oil,' said Dan Becker, director of the Center for Biological Diversity's Safe Climate Transport Campaign. Ann Carlson, an environmental law professor at the University of California, Los Angeles, and a former acting NHTSA administrator under Biden, called it a 'stunning decision' for NHTSA to essentially forgive the fines from 2022 onward. She said it amounted to a windfall for companies that chose to pay penalties rather than produce more efficient cars. Carlson said backing away from future fines also 'poses a dilemma for auto manufacturers who may feel bound to comply with the law, even if there is not a financial consequence for failing to do so.' Where auto manufacturers go from here It takes a while for carmakers to shift their product lines, and experts say automakers might be locked into their technology and manufacturing decisions for the next few model years. But changes could come for model year 2027 and beyond, they said. EVs aren't as profitable as gas-engine cars, so automakers may make fewer of them if they no longer have to offset emissions from their gasoline models. Already, some automakers have pulled back on their ambitions to go all-electric with a slower pace of EV sales growth. 'Automakers also know every presidential administration eventually comes to an end, so they won't abandon their EV development efforts,' said Karl Brauer, executive analyst at 'But they will reduce their near-term efforts in this area.' ___ Alexa St. John, The Associated Press
