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Five American small businesses will ask a U.S. court on Tuesday to halt President Donald Trump’s “Liberation Day” tariffs, arguing the president overstepped his authority by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more to the U.S. than they buy. Tuesday’s hearing before a panel of three judges at the New York-based U.S. Court of International Trade will be the first major legal test of Trump’s tariffs. The lawsuit was filed by the nonpartisan Liberty Justice Center on behalf of five small U.S. businesses that import goods from countries targeted by the tariffs. The companies, which range from a New York wine and spirits importer to a Virginia-based maker of educational kits and musical instruments, say the steep “Liberation Day” tariffs that Trump imposed on April 2 are illegal and will hurt their ability to do business. Small businesses are being harmed by the threat of increased costs, as well as “minute by minute changes” that prevent them from planning ahead, said Jeffrey Schwab, an attorney representing the plaintiffs. “Our clients have no certainty on what the tariffs are going to be at any point, and that’s exactly the problem,” Schwab said. “One person shouldn’t have unilateral authority to impose tariffs on every country at any rate, at any time that he wants.” The Liberty Justice Centers lawsuit is one of seven court challenges to Trumps tariff policies, and it is the first to seek a ruling that would stop the tariffs from moving forward. The Court of International Trade previously rejected the small businesses’ request to temporarily pause the tariffs while their lawsuit went forward, but then quickly scheduled Tuesdays court hearing to decide whether to rule against the tariffs or impose a longer-term pause. Trump imposed the new tariffs on April 2, saying the U.S. trade deficit was a “national emergency” that justified a 10% across-the-board tariff on all imports, with higher tariff rates for countries with which the U.S. has the largest trade deficits, particularly China. Many of those country-specific tariffs were paused a week later, and on Monday the Trump administration said it was also temporarily slashing the steepest China tariffs while working on a longer-term trade deal with Beijing. Both countries agreed over the weekend to cut tariffs on each other for at least 90 days. Trump’s on-and-off-again tariffs have shocked U.S. markets, but he has justified them as a way to restore America’s manufacturing capability. The president’s executive order announcing the tariffs invoked laws including the International Emergency Economic Powers Act, which gives presidents special powers to combat unusual or extraordinary threats to the U.S. The Liberty Justice Center said the law does not give the president the authority to unilaterally impose tariffs on any country he chooses at any rate he chooses. The law is meant to address unusual and extraordinary threats, and the U.S. decades-long practice of buying more goods than it exports does not qualify as an emergency that would trigger IEEPA, according to the lawsuit. The U.S. Department of Justice has argued that IEEPA gives presidents broad authority to regulate imports in response to a national emergency. It has said that the plaintiffs’ lawsuit should be thrown out, because they have not been harmed by tariffs they have not yet paid, and because only Congress, and not private businesses, can challenge a national emergency declared by the President under IEEPA. The DOJ did not immediately respond to a request for comment Monday. Dietrich Knauth, Reuters
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E-Commerce
UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation’s largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.Chairman Stephen Hemsley will become CEO, effective immediately, the Minnesota company said.Hemsley was UnitedHealth Group CEO from 2006 to 2017. He will remain chairman of the company’s board. Witty will serve as a senior adviser to Hemsley.“Leading the people of UnitedHealth Group has been a tremendous honor as they work every day to improve the health system, and they will continue to inspire me,” Witty said.Witty joined the company in 2018 after serving about nine years as CEO of the British drugmaker GlaxoSmithKline. He was named UnitedHealth’s CEO in February 2021, replacing Dave Wichmann.UnitedHealth became one of the nation’s largest companies under Witty’s leadership. Total revenue topped $400 billion last year, a 55% increase from the $257 billion UnitedHealth brought in the year before Witty became CEO.Shares of UnitedHealth rocketed higher under Witty, up 60.5% since he took the company’s top job.Yet in the past five months, that stock performance reversed sharply, coinciding with the fatal shooting of company executive Brian Thompson in front of a New York City hotel late last year.The company has wrestled with the media attention focused on Luigi Mangione, who was indicted last month on a federal murder charge in the killing of Thompson.The case has captured the American imagination, setting off a cascade of resentment and online vitriol toward U.S. health insurers while rattling corporate executives concerned about security.UnitedHealth cut its 2025 forecast last month following its first quarterly earnings miss in more than a decade. Shares of UnitedHealth, which have plummeted 38% since the deadly Dec. 4 ambush of Thompson in midtown Manhattan, fell 9% before the opening bell on Tuesday.UnitedHealth said Tuesday that it suspended its 2025 outlook as medical costs of many Medicare Advantage beneficiaries new to UnitedHealthcare were higher than expected.“To all stakeholders, including employees and shareholders, I’m deeply disappointed in and apologize for the performance setbacks we have encountered from both external and internal challenges,” Hemsley said during a conference call. “Many of the issues standing in the way of achieving our goals as well as our opportunities are largely within our control. I am optimistic about our future as these issues are within our capacity to resolve. We will approach them with humility, rigor and urgency.”More than 50 million people have health insurance under UnitedHealth Group Inc. It also has a large pharmacy benefit manager that runs prescription drug coverage and a growing Optum segment that delivers care and provides technical support.UnitedHealthcare is the nation’s largest provider of Medicare Advantage plans, with more than 8 million customers. Those are privately run versions of the federal government coverage program mostly for people ages 65 and older. AP Health Writer Tom Murphy contributed to this report. Michelle Chapman, AP Business Writer
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E-Commerce
Amazon leaned into the advertising funnel in a big way during its 2025 Upfront event at the Beacon Theater in New York City on Monday night. Perhaps the most notable product enhancement the company unveiled was the use of AI to generate contextual advertising on its Prime Video platformmeaning that ads can and will be created on the fly, using AI, depending on the specific scene of a TV show or movie that is on the screen at any given time. For instance, if a viewer is watching a scene involving a loving phone call between a mother and daughter, pausing the show could result in an ad for mobile phone service, with AI-generated text dynamically created, right then and there. The ability gives Amazon’s massive advertising artillery even more firepower. Amazon execs at the event noted that its Prime Video service now has a global audience of more than 300 million, up from 275 million a year ago, and that engagement also increased 40% over the past year. A star-studded pitch to advertisers Amazon’s Upfront event was loaded with stars showcasing new projects for Prime Video. That included appearances by Michael B. Jordan, discussing a new Creed spinoff TV show called Delphi; Arnold Schwarzenegger (who stole the show with a 15-minute rambling appearance loaded with jokes about his old age) talking about his upcoming Christmas movie; John Cena talking about his new movie due out this summer with Idris Elba; and Jamie Lee Curtis, who announced that shes producing and starring in a new series, Scarpetta, alongside Nicole Kidman. The series will be an adaptation of the popular book series authored by Patricia Cornwell. Curtis later joined Schwarzenegger on stage to reminisce about the 1990s action movie True Lies in which they both starred. Other announcements include the December return of Fallout, which will air its second season, and was also renewed for a third season. Nicolas Cage was also announced as playing Spider-Man in Spider-Noir, which will be available to watch in either color or black-and-white. Two new seasons of Beast Games are also on the way. Finally, sports were front and center. The NFL will continue with Thursday night games on Prime, and Prime will also host a Black Friday game between Chicago and Philadelphia, and a Christmas Day game between Denver and Kansas City. Additionally, the NBA inked an 11-year deal with Prime, which will see 65 regular-season games air on the service, along with some playoff games.
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E-Commerce
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