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Leaders of a progressive group in the New York City suburbs are looking to protest a front-line House Republican’s town hall on Sunday night – and Fox News Digital got an inside look at their plans.

Footage from the Indivisible Rockland Organizing Committee’s monthly meeting on Wednesday shows one of the group’s leaders discussing ‘potentially [having] thousands of people out front’ of the event in West Nyack being held by Rep. Mike Lawler, R-N.Y., this weekend.

‘It is a long street, and we’re trying to fill the entire street, so everyone coming into the rally will see people there and recognize it’s not going to be all, like, sunshine and daisies,’ organizer Pascale Jean-Gilles can be seen saying.

Jean-Gilles is also a local elected official in Lawler’s district, serving on the Nyack Village Board of Trustees and as deputy mayor.

‘We want to be able to push back on some of the rules that we feel like are really cutting and chilling our First Amendment rights, like saying that we can’t record it. It’s a public meeting,’ Jean-Gilles said.

The demonstration outside Lawler’s town hall will be a joint-organized effort as well, Jean-Gilles said, with ‘local unions’ and other groups.

And while she made clear that her group was only behind the demonstration outside Lawler’s rally, the local elected official appeared to endorse disruptions inside the event as well.

She said the rally rules made it ‘very clear you cannot whoop or shout or yell,’ but added, ‘There will be things we’re not gonna want to hear from him, and we should be able to make it known.’

‘I think that it looks poorly upon him if he’s kicking people out for just booing him, because that is, as people have seen through thousands of Supreme Court cases, that’s an acceptable form of dissent, and it’s covered under First Amendment rights,’ Jean-Gilles said. 

‘Now, if people are shouting slurs and hate speech, that’s where I absolutely draw the line . . . that only feeds into his argument that we’re all crazy leftists and liberals, as opposed to people who live in this community.’

Jean-Gilles said she and other activists would also prepare suggested questions for town hall attendees.

‘We are prepared, and this will be something we may hand out on the day of – a couple of us have been working on just questions that we think that folks will either want to ask, or maybe want to add their own personal twist to,’ the official said. ‘So we’ll have those prepared for people, that just in case their number gets called, if you didn’t already think of one yourself, have a question that you can be prepared to ask.’

Indivisible is a national left-wing organization whose local offshoots have been targeting Republican town halls for much of this year, encouraging activists to disrupt the events from both inside and outside.

An event listed by Indivisible on the organizing platform Mobilize is advertising a full-day event beginning in New York City and ending at Lawler’s town hall on Sunday.

‘Republicans are planning to cut Medicaid, SNAP, and other vital programs to fund massive tax cuts for billionaires. Congress will be home for April Recess and must hear from us,’ the event summary read.

‘Join other activists to inform constituents in NY17/Tarrytown of this outrageous bill, urge them to phone Rep. Lawler to oppose it as well as attending Rep. Lawler’s Town Hall on April 27. We’ll be taking Metro North to Tarrytown.’

Democrats are poised to pour enormous time and resources into New York’s 17th Congressional District, where Lawler is widely seen as one of the most vulnerable House Republicans of the 2026 election cycle.

When reached for comment on plans to disrupt the upcoming town hall, Lawler spokesman Ciro Riccardi told Fox News Digital, ‘It is deeply disappointing that far-left radical groups like Indivisible Rockland are planning to disrupt the upcoming town hall.’

‘These actions undermine our democratic process by stifling civil debate, harming the very constituents who attend to discuss critical voter issues. We remain committed to fostering open, respectful dialogue and will take precautions to ensure a safe environment for all attendees,’ Riccardi said.

Jean-Gilles referred Fox News Digital to the Indivisible Rockland Organizing Committee for comment. 

When reached, the group’s steering committee said it had received ‘hundreds’ of messages from constituents who could not get into Lawler’s town hall.

‘In response, we decided to organize a peaceful demonstration outside the venue. This demonstration is meant to give voice to those who were excluded from the room but still want to be part of the democratic process. We want to make it clear that we are not organizing or endorsing any protest activity inside the town hall,’ Indivisible Rockland said. 

‘It is also important to recognize the truth of the matter: This so-called town hall offers very limited opportunities for real public engagement. That is not right, it is not fair, and, in fact, it goes against the spirit of the Constitution.’

Regarding Jean-Gilles, specifically, the group noted she was hosting the event in a personal capacity unrelated to her government role.

‘Her comments during what was a private organizing meeting reflected the consensus of our group and not her official role or anything related to the governance of Nyack. She accurately underscored our values of free expression and clear boundaries against hate speech and harassment,’ the group said.

‘We hope Congressman Lawler does more than just see this demonstration. We hope he listens. The people showing up are his constituents. They are families, workers, students and neighbors who care deeply about this community and are demanding to be heard. This demonstration is not just a sign of civic involvement, it is a message: We are watching, we are engaged, and we expect better from those in power.’

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Pony AI Inc (NASDAQ: PONY) is up some 20% in premarket after the Chinese startup said it has teamed up with Tencent to develop autonomous driving technology. 

At the time of publishing, the stock has pared some early gains and now trades around 10% higher.

Pony will collaborate with the Shenzhen-headquartered giant on areas like “cloud services, mapping, and cockpit ecosystem technologies,” according to its press release on Friday. 

Note that Pony AI has already secured a permit from Beijing’s regulatory authorities to charge for its fully autonomous rides in select parts of Shenzhen. 

Despite today’s sharp surge, Pony AI stock is still down more than 60% versus its YTD high in late February. 

What does Tencent’s partnership mean for Pony AI stock?

Users in the Shenzhen area will now be able to book a Pony AI robotaxi from within WeChat, the press release added. 

Partnering with Tencent is a huge step towards the company’s broader commitment to scaling up its operations, given the titan’s massive user base and expertise in cloud offerings, James Peng, the chief executive of Pony AI, said in a CNBC interview today. 

Working with Tencent will likely help Pony AI continue to strengthen its hold on the Chinese market for robotaxi services. 

Investors should note that Wall Street currently has a consensus “buy” rating on Pony AI stock.

On average, analysts see upside in the robotaxi specialist to $20 at the time of writing. 

Pony AI has been struggling with top-line growth

According to Zhong Xiangping, the vice president of Tencent, teaming up with Pony AI Inc “marks a new starting point for collaborative innovation.”

The company’s popular super app, WeChat, currently has more than a billion monthly users.

Teaming up with Tencent may help the Chinese startup with revenue growth as well – something that it has struggled with lately. 

In its latest reported quarter, Pony AI saw its robotaxi services revenue tank nearly 62% on a year-over-year basis to $2.6 million. 

Note that Pony AI shares do not currently pay a dividend. 

Pony AI shares remain a risky investment

While Pony AI is evidently growing fast in the Chinese market, investors should tread with caution as the startup could come in the crosshairs of the escalating US-China trade tensions

CEO Peng has dubbed the United States a “hugely important” market for the company’s expansion plans on numerous occasions. 

However, speaking with the Financial Times earlier this week, he confirmed that PONY was considering a secondary listing as the trade war between the world’s largest two economies could see Washington demand a delisting of Chinese firms from the NYSE.

If Pony AI stock was indeed delisted, its tenure as a US-listed company would be less than six months.

Peng, however, refrained from commenting on what countries the company was exploring for a secondary listing.  

The post Pony AI stock: Tencent news sends robotaxi specialist up 20% on Friday appeared first on Invezz

A federal judge in New Hampshire on Thursday blocked the Trump administration from cutting funding to public schools that maintain diversity programs, a setback to its broader crackdown on DEI.

U.S. District Judge Landya McCafferty said the effort by Trump’s Education Department to block federal funding to public schools that continue to promote diversity, equity and inclusion (DEI) programs likely violates the First Amendment, presenting what she described as ‘textbook viewpoint discrimination.’

At issue is a memo sent by the Education Department this month to public schools nationwide, threatening to withhold Title I federal funds from public schools that continue to ‘unfairly’ promote DEI views or programs.

The effort sparked an immediate wave of concern, and lawsuits, across the country from education groups that cited the importance of Title I funds as a critical source of funding for many low-income public schools.

 

The DEI-slashing effort was met with a wave of court challenges, including a lawsuit filed by the National Education Association, the group’s New Hampshire affiliate chapter, and the Center for Black Educator Development, who challenged the case in New Hampshire’s federal court.

Two other U.S. courts are slated to hear similar challenges to the Education Department’s effort, with one case in Washington, D.C., expected to be heard as early as this week.

McCafferty’s ruling stopped short of issuing a nationwide injunction to block the policy in all 50 states. 

Rather, it blocks the Trump administration from halting the disbursement of Title I funds to any schools that employ or contract with plaintiffs in the lawsuit. 

‘The right to speak freely and to promote diversity of ideas and programs is … one of the chief distinctions that sets us apart from totalitarian regimes,’ McCafferty said in her 82-page opinion, adding that the actions taken by the Education Department ‘threate[n] to erode these foundational principles.’

She also said the Trump administration failed to provide the court with a sufficient definition of the DEI programs that were at risk as a result of the anti-DEI push.

The order comes after the Trump administration and the plaintiffs in the lawsuit reached a short-term agreement to delay the policy from taking force.

That agreement was slated to expire Thursday, prompting the court to rule on the matter.

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Secretary of State Marco Rubio and Special Envoy Steve Witkoff are pushing back against a report saying they have discussed lifting sanctions on Russian energy assets, calling the anonymously sourced article from Politico ‘totally fictitious’ and ‘fake crap.’

The outlet released a report citing internal White House officials Thursday, indicating Witkoff and Rubio had been in discussions about potentially lifting energy-related sanctions as part of a wider peace negotiation to end the war in Ukraine.

‘This is false,’ Rubio and Witkoff said in a joint statement released by the White House. ‘Neither of us have had any conversations about lifting sanctions on Russia as part of a peace deal with Ukraine. This is just totally fictitious and irresponsible reporting from Politico, a fifth-rate publication. If they have an ounce of journalistic integrity, they will fully retract this piece of fiction.’

The report from Politico claimed ‘five people familiar with the discussions’ said Witkoff has been a ‘main proponent’ of lifting sanctions against Russian energy assets, including the Nord Stream 2 pipeline, one of the country’s main natural gas pipelines that goes to Europe. 

The Politico report claimed Rubio has tried to derail the efforts, saying there is an ongoing rift between U.S. energy export proponents and those who want to improve ties with Russia. 

When reached for comment, a Politico spokesperson said the outlet stands by its reporting.    

‘There isn’t even a kernel of truth to this story – Politico was played by their ‘sources’ yet again,’ Witkoff said in a separate statement posted by his X account after the report was published. ‘It’s embarrassing that they print this type of fake crap.’

‘More bulls— from the liars at Politico smearing Marco Rubio and Steve Witkoff with pure fake news,’ Donald Trump Jr. posted on X. ‘How do they get away with continuing to run these fake stories????’

‘I hope Politico has good defamation insurance coverage,’ Utah GOP Sen. Mike Lee wrote on social media. ‘Or maybe I don’t.’

‘Politico is a C-rated tabloid, fraught with poor sourcing and a TDS epidemic, pretending to be serious news,’ White House spokesperson Anna Kelly added. ‘This story is one of many pathetic tall tales that have been debunked, but their reporters are too desperate to report fake drama to discern truth from fact.’

Sanctions on Russia’s Nord Stream 2 pipeline were established during the first Trump administration and waived by President Joe Biden a few months after he entered office. However, Biden reinstituted the sanctions after Russia’s decision to enter into war with Ukraine. 

The energy sector has played a central role in the ongoing negotiations for a peace deal between Russia and Ukraine. The U.S. has reportedly proposed taking control of Ukraine’s nuclear power plants and is pushing to ink a critical minerals deal to help repay America’s military assistance. The U.S. has also reportedly floated the idea of taking over Ukrainian natural gas pipelines to help with the repayment. 

Russia and Ukraine recently ended a U.S.-brokered temporary truce, agreeing not to attack each other’s energy infrastructure, earlier this month.

But the negotiations reached a critical point after Vice President JD Vance said the U.S. is prepared to walk away from further ceasefire negotiations if the two sides do not strike a deal. Vance’s remarks were followed up by a post on Truth Social by the president, who blasted Ukraine President Volodymyr Zelenskyy for refusing to accept the annexation of Crimea as part of a peace deal.

‘We are very close to a Deal, but the man with ‘no cards to play’ should now, finally, GET IT DONE,’ Trump said of Zelenskyy in his post. 

Fox News Digital reached out to the White House for comment on this story but did not receive a response in time for publication.   

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The Trump administration is applauding a major move by a key South American ally in the global fight against terrorism.

On Thursday, the U.S. State Department issued a statement congratulating Paraguay’s President Santiago Peña for officially labeling Iran’s Islamic Revolutionary Guard Corps (IRGC) a terrorist organization – a decision the U.S. calls a critical blow to Iran’s terror network in the Western Hemisphere.

‘The United States welcomes President Santiago Peña’s designation of Iran’s Islamic Revolutionary Guard Corps (IRGC) as a terrorist organization,’ said State Department spokesperson Tammy Bruce.

In addition to the IRGC designation, Paraguay also expanded its 2019 designations of the armed wings of Hezbollah and Hamas to include the entirety of both organizations. The Trump administration hailed it as a firm stand against Iranian-backed extremism.

‘Iran remains the leading state sponsor of terrorism in the world and has financed and directed numerous terrorist attacks and activities globally, through its IRGC-Qods Force and proxies such as Hezbollah and Hamas,’ Bruce said.

The decision is particularly significant in the Tri-Border Area, the region where Paraguay borders Argentina and Brazil, which has long been considered a financial hub for Hezbollah-linked operatives. The State Department said Paraguay’s action will help cut off the Iranian regime’s ability to fund terrorism and operate in Latin America.

‘The important steps Paraguay has taken will help cut off the ability of the Iranian regime and its proxies to plot terrorist attacks and raise money for its malignant and destabilizing activity,’ Bruce added, highlighting the Tri-Border Area as a critical front in this effort.

The Trump administration said it plans to build on this momentum and continue working with allies to confront Iran’s global influence.

‘The United States will continue to work with partners such as Paraguay to confront global security threats,’ Bruce said. ‘We call on all countries to hold the Iranian regime accountable and prevent its operatives, recruiters, financiers, and proxies from operating in their territories.’

This isn’t a one-off. Since his first term, Trump has made confronting Iran’s terror apparatus a cornerstone of his foreign policy. 

In 2018, he pulled the U.S. out of the Obama-era nuclear deal with Iran, known as the Joint Comprehensive Plan of Action (JCPOA), calling it ‘one of the worst and most one-sided transactions the United States has ever entered into.’

Now, the Trump administration is back at the negotiating table, but on its own terms. Two rounds of nuclear talks have already taken place this month, with a third scheduled for later this week. A senior administration official said the discussions have made ‘very good progress,’ though the details remain closely guarded.

As Bruce emphasized, Washington is calling on ‘all countries’ to follow suit in holding ‘the Iranian regime accountable.’

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OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees computer and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS

U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes.

That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday.

“U.S. spirits exports hit a new high in 2024, recapturing lost market share since the UK and EU lifted retaliatory tariffs that were applied between 2018-2021,” said DISCUS President and CEO Chris Swonger. “Unfortunately, ongoing trade disputes unrelated to our sector have caused uncertainty, keeping many U.S. distillers on the sidelines and curtailing sales growth.”

U.S. spirits exports to the EU surged by 39%, fueled by concerns over the potential return of a 50% tariff on American whiskey imports in 2025, which was suspended in 2022.

In March, Trump threatened to put 200% tariffs on French Champagne and other EU spirits, which led European world leaders — specifically from Ireland, France and Italy — to advocate for bourbon tariffs not to return as part of retaliatory measures.

The threat of that specific tariff has faded somewhat as the U.S. and EU continue trade negotiations.

Approximately 50% of U.S. spirits were exported to the EU — totaling $1.2 billion — making it the largest export market.

Exports to the rest of the world, however, declined by nearly 10%, the report found, which reflects the broader softening alcohol category.

Suntory Beam, the Japanese maker of Jim Beam bourbon whiskey, said in December it was preparing for tariffs by stockpiling supply in Europe. The company is already heavily reliant on France and the United Kingdom, which make up over 50% of its global exports market over the last eight years, according to global trade data from Panjiva.

Several of the top states for exports in 2024 are significant bourbon economies, according to the report.

Still, American whiskey exports, which accounted for 54% of all U.S. spirits exports, dipped 5.4% to $1.3 billion.

Swonger said that while outlook for spirits remains highly unpredictable with ongoing trade disputes, one fact rings true in the data: Exports go to countries that have eliminated tariffs.

“We are thankful for President Trump’s early success in securing India’s reduction of its tariff on Bourbon from 150% to 100%,” Swonger said. “It’s our hope that the administration builds on this positive momentum by securing additional tariff reductions in India and reducing trade barriers in other countries.”

Headwinds remain for the industry. Canada, the second largest market for U.S. spirits exports, imposed a 25% tariff in on alcohol coming over the border in March, and several provinces have removed product from shelves.

Distiller and brewers also face steel and aluminum tariffs that impact materials costs for brewers like Constellation Brands, which lowered long-term 2027 and 2028 guidance significantly around “the anticipated impact of tariffs.”

This post appeared first on NBC NEWS

OKLAHOMA CITY — Amazon and Nvidia executives said Thursday that the construction of artificial intelligence data centers is not slowing down, as recession fears have some investors questioning whether tech companies will pull back on some of their plans.

“There’s been really no significant change,” Kevin Miller, Amazon’s vice president of global data centers, said at a conference organized by the Hamm Institute for American Energy. “We continue to see very strong demand, and we’re looking both in the next couple years as well as long term and seeing the numbers only going up.”

The comments run contrary to worrying buzz building on Wall Street about tech companies changing data center buildout plans. Wells Fargo analysts said Monday that Amazon Web Services is pausing some leases on data center commitments, citing industry sources. The magnitude of the pause was unclear, the analysts said, but the comments raised fears that Amazon was doing something similar to Microsoft’s recent move to pull back on some early stage projects.

Miller said “there’s been little tea leaf reading and extrapolating to strange results” about Amazon’s plans.

Nvidia is also not seeing signs of a slowdown, said Josh Parker, the chipmaker’s senior director of corporate sustainability.

“We haven’t seen a pullback,” Parker said. China’s artificial intelligence startup DeepSeek sparked a sell-off in power stocks earlier this year as investors worried that its artificial intelligence model is more efficient and data centers might need as much energy as originally anticipated.

But Parker said Nvidia sees compute and energy demand only rising due to AI, describing the reaction to DeepSeek as “kneejerk.” Anthropic co-founder Jack Clark said 50 gigawatts of new power capacity will be needed by 2027 to support AI. That is the equivalent of about 50 new nuclear plants.

“Anthropic and the other AI companies, what we’re seeing is tremendous growth in the need for new baseload power. We’re seeing unprecedented growth,” Clark said.

The executives were speaking at a gathering of tech and energy companies at a conference in Oklahoma City organized by the Hamm Institute to discuss how the U.S. can address the growing energy needs for AI. There is a growing consensus in both industries that natural gas will be needed to meet the power needs.

This post appeared first on NBC NEWS

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On April 22, 2025, the U.S. Department of Health and Human Services (HHS) and U.S. Food and Drug Administration (FDA) announced their bold initiative to remove eight petroleum-based synthetic dyes in our nation’s food supply over the next two years, putting us more in line with our friends in the European Union, who have had many of these petroleum-based synthetic dyes banned for years. 

And all I can say is – it’s about time!

From M&Ms to Doritos, many of the foods we snack on contain one or more of the artificial food dyes now on the ‘chopping block’ in the U.S. In fact, a recent Wall Street Journal analysis discovered that 1 out of every 10 food products contains at least one synthetic dye. This means that foods we may not even expect to contain synthetic dyes – such as certain pickles or pre-made pie crusts – include them. 

But does it matter for our health and the health of our children?

In full transparency, the research is not conclusive. There are no clear causal studies showing that these petroleum-based artificial food dyes directly lead to cancer, mental health issues or obesity, among other health conditions. However, as U.S. FDA Commissioner, Dr. Marty Makary, and other health experts have highlighted, the growing body of scientific literature shows a clear correlation. 

For example, a report released by the state of California in 2021 suggested that synthetic food dyes are associated with hyperactivity and neurobehavioral issues in some children. Additionally, scientific research examining FD&C Red No. 3 found that it can cause cancer in rats; with no high-quality, human-based studies on the topic, do we really want to ignore this finding and risk FD&C Red No. 3 being a cancer-causing agent in family and friends?

It’s important to remember that a lack of causal studies does not mean these artificial food dyes are safe. The shortage of this level of scientific literature is not because of limited interest, but because such studies are incredibly challenging to conduct, with many environmental and other confounding factors at play that are extremely hard to account for appropriately in a robust way. 

So, while we may only have preliminary studies demonstrating a correlation between synthetic food dyes and health conditions, we must use common sense.

Petroleum-based synthetic food dyes offer no nutritional value. No one can argue they add a health benefit to food products, and – in fact – they are often used in ultra-processed foods that may be addictive and negatively impact an individual’s health and well-being. 

The goal of synthetic food dyes is to draw in customers to the attractive, long-lasting vibrant colors not found in nature. The use of these dyes may drive up sales for corporate America but – it seems – at the expense of our health and the health of the next generation of Americans.

While the process to remove petroleum-based synthetic food dyes from our food products has commenced officially in full force, we will not wake up tomorrow with grocery store shelves rid of these concerning chemicals. In the interim, we must work to be more educated and thoughtful consumers. 

By making it a habit to look at the ingredient list on food packages, we can know which foods have these artificial dyes and seek alternative products or forgo them altogether. I would urge all of us reduce our intake of products that include these synthetic dyes and focus on adding more whole foods and natural herbs to our diets.

The leadership shown by addressing this problem at the national level with clear guidelines and expectations provides much-needed clarity to all stakeholders, including not just companies who make food products but families as well. 

Importantly, the policy doesn’t ban foods or reduce choice; it simply works to make us a healthier nation. We will still have Froot Loops, for example, but the colors we have come to love will need to be created using natural alternatives like turmeric for yellow, beetroot for red, spirulina for blue-green, and carrots for orange, among others.

The Trump administration should be applauded for this important step forward in their ongoing effort to Make America Healthy Again, but there remains much to do to ‘fix’ our nation’s health and healthcare system. 

The opinions, thoughts, and ideas expressed in this article are those of the authors only and not necessarily those of any employers or institutions of which they are affiliated.

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If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line.

The toy maker posted better-than-expected earnings on Thursday, but investors and analysts were more focused on the ongoing trade war Trump’s White House has waged against the toy industry’s biggest manufacturer.

Hasbro maintained the full-year guidance it issued last quarter, citing the uncertainty of the current tariff environment.

“Our forecast assumes various scenarios for China tariffs, ranging from 50% to the rate holding at 145% and 10% for the rest of world,” said Gina Goetter, chief financial officer and chief operating officer at Hasbro, during Thursday’s earnings call. “This translates to an estimated $100 million to $300 million gross impact across the enterprise in 2025. Before any mitigation.”

CEO Chris Cocks said during the company’s earnings call that “while no company is insulated, Hasbro is well positioned,” noting the company’s unchanged guidance is “supported by our robust games and licensing businesses and our strategic flexibility.”

“Prolonged tariff conditions create structural costs and heighten market unpredictability,” he said, adding, “ultimately tariffs translate into higher consumer prices.”

Cocks also warned of “potential job losses as we adjust to absorb increased costs and reduced profit for our shareholders.”

The company’s U.S. games business benefits from digital and domestic sourcing, as many of its board games are made in Massachusetts. Its Wizards of the Coast division, which includes Magic: The Gathering and Dungeons & Dragons, has a tariff exposure of less than $10 million, Cocks said, as much of the domestic product is made in North Carolina, Texas and Japan.

The company’s toy segment faces higher exposure, as a larger portion of those goods are made in China. Cocks said the company is exploring options for moving its supply chain to other countries.

“Some of that, though, comes with the cost,” he said. “When we manufacture board games in the U.S., it is significantly more expensive to manufacture here than it is in China.”

He added that the company can shift the sourcing of Play-Doh, for example, from China to its factory in Turkey. Under that scenario, Turkey manufacturers would redirect shipments from Europe to the U.S. and Chinese factories could fill in to supply the European market.

Other products are more difficult to triage, especially those that include electronics, high end deco and foam components, Cocks said.

“China will continue to be a major manufacturing hub for us globally, in large part due to specialized capabilities developed over decades,” he said.

Goetter said that much of the manufacturing changes would be seen in 2026 and are dependent on if those countries already have the capabilities and infrastructure in place to make certain products.

Hasbro is also accelerating its $1 billion cost savings plan in an effort to offset tariff pressures, but noted that price hikes are unavoidable.

“We are going to have to raise prices inside of 145% tariff regime with China,” Cocks said. “We’re just trying to do it as selectively as possible and minimize the burden to the fans and families that we serve.”

Both Goetter and Cocks admitted that Hasbro’s plans are flexible and will change as the tariff situation evolves. The company is hopeful for a “more predictable and favorable U.S. trade policy environment.”

“We’re trying to play both defense and offense at the same time,” Goetter said.

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