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Trump announces new tariffs on European cars imported to United States

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Trump announces new tariffs on European cars imported to United States

President Donald Trump announced Friday he was raising tariffs on European cars to 25%, citing the European Union’s noncompliance with the U.S.-EU trade deal. 

“I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%,” Trump wrote in a Friday morning Truth Social post.

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He did, however, indicate that he would drop the tariffs if European companies agreed to manufacture their cars in the U.S.

“It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF,” Trump also wrote. 

FEDEX, UPS PLEDGE TO REFUND CUSTOMERS AFTER SUPREME COURT TARIFF DECISION

Trump speaks to reporters in front of Marine One

President Donald Trump speaks to the press before departing the White House for Florida on May 1, 2026, in Washington, D.C. (Celal Gunes/Anadolu via Getty Images / Getty Images)

He reiterated the point while speaking to reporters at the White House on Friday.

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STICKER SHOCK: WHY US CARS ARE FROZEN OUT OF THE EUROPEAN MARKET

“We raised the tariffs on cars coming in from the European Union because the European Union was not adhering to the trade deal we have. So based on that now, when they build their plants on which they’re spending over $100 billion for countries, not just the Union, but when those plants open, there won’t be any tariffs,” Trump told reporters.

Rows of cars sitting on a carrier ship

Cars are loaded onto the car carrier ship Polaris Liberty at the automotive terminal on Aug. 11, 2025, in Bremerhaven, Germany. The U.S. will apply a 25 percent tariff to all European vehicles, U.S. President Donald Trump announced May 1, 2026.  (Focke Strangmann/Getty Images / Getty Images)

He also touted ongoing U.S. manufacturing of car plants.

“We have right now in the United States over $100 billion of car plants being built. That’s a record. We’ve never had anything like it, from all countries, Japan, South Korea, every, by the way, Canada, Mexico, they’re all building plants in the United States. But the European Union was not adhering to the deal that we made,” Trump said.

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Trump at a Ford factory in Michigan

President Donald Trump walks with Executive chair of Ford Motor Company Bill Ford Jr. and CEO of Ford Motor Company Jim Farley as they tour the Ford River Rouge Complex on Jan. 13, 2026, in Dearborn, Michigan. (Getty Images / Getty Images)

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The U.S. and EU reached a landmark trade deal in July that saw the President agree to lower tariff rates on EU cars and trucks from its previous 27.5% to 15%.

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Form PRE 14A TRANSLATIONAL DEVELOPMENT ACQUISITION CORP. For: 1 May

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Form PRE 14A TRANSLATIONAL
DEVELOPMENT ACQUISITION CORP. For: 1 May

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Out for Game 6 vs Lakers as Rockets Fight for Survival

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Kevin Durant #7 of Team United States reacts against Team Australia during the first half of a Men's Basketball quarterfinals game on day thirteen of the Tokyo 2020 Olympic Games at Saitama Super Arena on August 05, 2021 in Saitama, Japan.

HOUSTON — Kevin Durant will miss Game 6 of the Houston Rockets’ first-round playoff series against the Los Angeles Lakers on Friday night because of a bone bruise in his left ankle, sources told ESPN’s Shams Charania. The absence marks the fourth consecutive game the 37-year-old star has sat out, dealing a significant blow to Houston’s hopes of forcing a Game 7.

Durant suffered the injury in Game 2 on April 21 and has been sidelined since, missing the majority of the series despite playing in Game 1 after recovering from an earlier knee issue. The bone bruise requires a minimum two-week recovery period, and with Durant just over one week into the injury timeline, he remains unavailable as the Rockets attempt to stave off elimination while trailing 3-2.

The Rockets have shown resilience without their veteran leader, winning Games 4 and 5 to extend the series. Young talents like Alperen Sengun, Amen Thompson, Jabari Smith Jr., Reed Sheppard and Tari Eason have stepped up, forming one of the youngest starting lineups to secure playoff victories. Coach Ime Udoka’s group has controlled stretches of recent contests, giving fans reason for optimism despite the star’s absence.

Durant’s availability has been a major storyline throughout the postseason. He missed Game 1 with a tendon bruise before returning briefly, only to aggravate the ankle. The injury’s nature — a bone bruise — is notoriously stubborn, often lingering and affecting explosiveness and lateral movement critical to Durant’s game. At 37, with a lengthy career including four scoring titles, two Finals MVPs and an NBA championship, durability concerns have grown, though his scoring touch remains elite when healthy.

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For the Lakers, Durant’s continued absence presents an opportunity to close out the series in Houston. LeBron James and company have navigated the series with mixed results, dropping the last two games at home but maintaining the series lead. Los Angeles will look to exploit Houston’s youth and inexperience in high-stakes moments, relying on veteran poise and defensive intensity to secure the win and advance.

Houston entered the playoffs as a dangerous lower seed, bolstered by Durant’s addition in the offseason. The move paired his scoring with a core of athletic, switchable defenders and versatile bigs. Regular-season success validated the roster construction, but playoff injuries have tested the depth. Without Durant, the Rockets rank among the youngest playoff teams relying on contributors still developing their games under pressure.

Medical experts note that bone bruises in the ankle involve micro-damage to the bone beneath cartilage, causing pain, swelling and reduced mobility. Recovery timelines vary but often extend beyond initial estimates, especially for high-usage wings like Durant who rely on change-of-direction speed. Rockets medical staff will monitor progress closely, but rushing back risks long-term complications or re-injury that could derail next season.

Series context adds drama. The Rockets became just the 16th team in NBA history to force a Game 6 after trailing 3-0, winning consecutive games without their leading scorer. Sengun has dominated the paint, Thompson provides defensive versatility and energy, and the supporting cast has executed Udoka’s schemes effectively. Still, Durant’s 25-plus points per game scoring and gravity as a shooter create mismatches that younger players struggle to replicate fully.

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Lakers stars have commented on the challenge of facing Houston’s depth. James, in his 23rd season, understands the value of veteran presence in the postseason. Anthony Davis anchors the defense, while supporting pieces like Austin Reaves and Rui Hachimura provide balance. Los Angeles aims to end the series Friday to avoid a potential Game 7 back home, where Houston’s home-court energy could complicate matters.

Durant’s playoff history is storied. From Oklahoma City to Golden State, Brooklyn and Phoenix, he has delivered iconic performances. His move to Houston represented a chance at another deep run with a young, hungry squad. This injury, however, underscores the physical toll of a long career and the demands of playoff basketball. Fans and analysts debate whether the Rockets’ future is brighter with or without the veteran, but his presence undeniably elevates their ceiling.

Broader NBA implications ripple from the series. A Rockets victory extends the first-round slate and tests Lakers’ stamina ahead of a tougher second-round matchup. An elimination accelerates Los Angeles’ preparations while allowing Houston to evaluate its young core’s growth. Durant’s status also affects offseason narratives around load management, veteran acquisitions and injury prevention league-wide.

Rockets fans have mixed emotions. Many express frustration over the timing of the injury but praise the team’s fight. Social media buzzes with support for the young players and calls for Durant’s careful management. Team officials remain optimistic about his long-term health, emphasizing a measured return rather than risking further damage in a best-of-seven that could end soon.

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Game 6 strategy without Durant likely involves heavier minutes for Sengun in the post, Thompson’s athleticism on the wings, and increased ball-handling from guards. Defensive schemes will focus on containing James and Davis while forcing turnovers. The Lakers, conversely, will push pace, attack mismatches and leverage experience in crunch time.

Injury reports will be monitored until tip-off, but all indications point to Durant sidelined. Pre-game warmups and official announcements will confirm, yet sources close to the situation see little chance of a last-minute change given the two-week minimum timeline.

The NBA playoffs thrive on such storylines — star absences creating opportunities for unlikely heroes. Whether Houston’s youth can pull off another improbable win or the Lakers close the door remains to be seen. Durant’s absence shifts the narrative but does not eliminate the Rockets’ competitive spirit.

As the series reaches a critical juncture, focus turns to execution on the floor. Houston plays for pride and extension; Los Angeles seeks advancement. Durant’s recovery timeline could stretch into a potential Game 7 or beyond, leaving the Rockets to rely on collective effort in his stead.

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The basketball world watches closely. Kevin Durant’s legacy endures, but for Game 6, the spotlight belongs to those stepping into the void. Rockets fans hope their young core delivers magic once more, while Lakers supporters anticipate a series-clinching victory on the road.

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Los Angeles gas prices top $8 a gallon, leaving drivers in disbelief

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Los Angeles gas prices top $8 a gallon, leaving drivers in disbelief

Long known for its sprawling freeways and car-centric lifestyle, Los Angeles is reaching a breaking point as fuel costs turn the simple act of driving into a “miserable, miserable, miserable” experience.

As regional gas prices soar past $8 a gallon, residents in the once-thriving Golden State are checking their eyes and their bank accounts, with some admitting they “thought it was a meme” or “thought it was AI.” But the financial pain is all too real for those living in the nation’s most expensive car culture, where filling a tank now requires a triple-digit investment.

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“It’s very painful to drive in L.A. right now, and especially if you’re barely making minimum wage, it’s not even worth driving,” Amador, from Santa Clarita, told Fox News Digital during a man-on-the-street segment. “Thought it was a meme, thought it was AI, but looking at it up close, it’s kind of crazy to think you’re paying almost $9.”

“It’s ridiculous,” Aida, a mother originally from Nebraska, also told Fox News Digital. “Can I swear on the news? I said, ‘God d—! That was too much.’ It’s too much for those prices.”

THE $1,600 LETTUCE: CALIFORNIA GROWERS WARN OF ‘MASTER PLAN’ STRANGLING FAMILY FARMS

“This is so crazy,” Bessy, who was born in El Salvador, added. “I never thought gas [was] gonna go that [high]. Like it’s just crazy.”

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California drivers during man-on-the-street

Fox News Digital visited multiple Los Angeles-area gas stations to talk to drivers about how high prices at the pump are impacting their everyday lives. (Fox News Digital / FOXBusiness)

Stopping at multiple gas stations across Los Angeles County, drivers expressed disbelief at gasoline prices approaching $9 per gallon. According to AAA, as of the last week of April, California’s average price per gallon was $6.01, while the national average was $4.30.

The highest price Fox News Digital saw was at a Chevron in Downtown Los Angeles, where a regular gallon was $8.29 and the highest grade of diesel ran $8.89 per gallon.

Drivers said that filling up their tank now exceeds $100, while others make the decision to pump what they fiscally can. Nick, an LA resident originally hailing from Phoenix, said he paid $110 at the pump.

“I don’t even look… I can’t look at it. I put it in, and then I put the little thing up, and I turn around, and I put my card in, and I just pray to God. It’s over $100,” Aida said.

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“It’s surprising, right? That the prices are so high and that everything increases except salaries,” one woman, Davieba, said. “To be sincere with you, I can’t even fill it up because of the prices. So I keep filling it up with only what I need.”

“Before I’d fill it up with, because I have a small car, I filled it with $40. Now it’s like $63 to $65, almost double,” Manuel, an Olvera Street market owner, said.

The economic impact of high gas prices is hitting their budgets, too. As gas taxes and refinery constraints keep California’s prices the highest in the nation, drivers are watching their bank accounts drain in real time and having to make spending concessions as inflation remains elevated.

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When asked where that $100 would go if it wasn’t spent at the pump, Bessy said, “going out, having fun;” Davieba said, “definitely food;” Manuel would put the money back into his market; Amador would “take a vacation;” and Nick would’ve splurged at Coachella.

In a city famous for its car culture, the fiscal weight of fuel is also doing what decades of urban planning couldn’t do: forcing people onto public transit out of pure “necessity.”

“This time, I take the decision to not [drive] because of that. So I’m taking the train instead of paying for gas and parking,” Bessy explained.

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“[I’m] taking as much public transportation as I can right now. If it’s something that I have to drive, I’ll drive,” Amador said. “But other than that, if I can get there by a bus or a train, I’d take that instead.”

“I want everything to be close, but unfortunately, jobs are far,” Davieba said, “so that necessity makes you go out, and you have to go out to find the money to live.”

The high cost of fuel and the mental toll of the road have added a layer of volatility to an already aggressive driving environment. For these drivers who have seen how the rest of the country lives, the contrast is stark and demoralizing.

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“Miserable, miserable, miserable,” Aida said when asked to describe what it’s like to be a driver in Los Angeles. “I just came back from Nebraska. People in Nebraska, I did the worst three-point turn that a human has ever done, ever. And the man I cut off looked at me and was like, ‘Bye, have a good day!’ Here, you can just be minding your business and someone’s like, ‘I’m gonna T-bone you!’ You know what I mean? So it’s awful. It’s very stressful. It’s painful and very scary. I love LA. It’s just, there’s a lot going on here.”

“Traffic is about the same, still brutal,” Nick said. “[It’s] probably one of the worst places to be a driver in the U.S.”

This is Part 2 of Fox News Digital’s series, “Golden State strain: Inside California’s economic nightmare.” In the next installment, Los Angeles city leaders and state officials answer for the mystery surcharges and tax burdens hitting the pump, and whether any real relief is on the horizon for millions of Californians.

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LARRY KUDLOW: Harvard-Harris poll shows America is behind Donald Trump and the GOP

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LARRY KUDLOW: Harvard-Harris poll shows America is behind Donald Trump and the GOP

America loves President Trump and the Republican Party on all the key issues, according to one major poll, the Harvard-Harris CAPS poll, presided over by a former adviser to President Clinton, Mark Penn, who is most certainly a moderate Democrat, not a crazy one. This is a well respected poll. Of the 2,745 registered voters who were surveyed, the split was 977 Republicans, 984 Democrats, and 785 Independents. So it’s 50-50.

What’s interesting about this poll is that it picks up and agrees with many other polls about the key issues. Affordability, the economy, immigration, healthcare, Iran, et cetera. Where it differs from many other polls and lefty press reporting, though, is that while some people may blame Republicans, they blame Democrats more on all the key issues.

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Let’s start with Iran, 74 percent of the voters believe the U.S. is currently winning in Iran. Virtually every press organization is telling us Iran is winning, believe it or not. Then the poll goes on, 74 percent believe Iran should be prevented from obtaining nukes. Some 66 percent want Mr. Trump to insist on all major conditions in any negotiation. And 57 percent approve of the blockade. There’s a warning here for Democrats, because as Speaker Newt Gingrich has mentioned, Democrats have become the pro-Iran party. Not a good place to be. And as I’ve said many times, Iran will be a sleeper issue come the midterms.

Now on the economy — people are very worried about prices and affordability. Got it. When you ask them who do you trust more to manage the economy, though, the responses are: Mr. Trump and Republicans 53 percent, Democrats 47 percent. That’s a 6-point deficit.

Normally a typical news desk, I don’t care whether it’s the Wall Street Journal, the New York Times, or the Washington Post. All the legacy lefties. The typical news desk will assume because affordability is the issue, Mr. Trump is to blame. Nope. People have even less confidence in Democrats.

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Here’s another point, open borders. On this issue, 58 percent think Democrats are in favor of open borders. Here’s another one. Voter ID. Some 65 percent of those polled think Democrats are against voter ID requirements. And they like it very much that Republicans are in favor of voter ID in order to vote. Here’s another one. The race for Congress, you’d think the Democrats are ahead by 10 points given the press coverage day in and day out. Wrong. The Harvard Harris poll shows 50-50, which historically could mean the GOP is well ahead because over the years polling has taken half a dozen points off of the final Republican tally.

As I always say, polls are not votes. Only votes are votes. I’ll also say that press coverage is not fair. It’s heavily biased against Mr. Trump and the GOP. And I will add to that, most public press-sponsored polling is heavily biased against Mr. Trump and the GOP. The Harvard Harris poll is the exception and there are other exceptions, but I believe the country is very much behind Mr. Trump. And there’s going to be a big surprise come this November.

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Taxpayer advocate warns of July 2026 deadline for COVID-era IRS refunds

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IRS' 'Where's my refund?' tool lets you track your tax refund status online

The IRS’ taxpayer advocate issued a notice that tens of millions of American taxpayers may be entitled to refunds or reduced penalties and interest due to the postponement of filing deadlines during the COVID-19 emergency declaration.

The National Taxpayer Advocate said in a post on Thursday that refunds or abatements may be available to tens of millions of taxpayers for penalties and interest that were assessed by the IRS during the 3.5-year COVID disaster declaration period.

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It explained that the issue has arisen due to recent court decisions, including a ruling in what’s known as the Kwong case that the tax code’s handling of federal disaster declarations meant that filing and payment deadlines were postponed throughout the period from Jan. 20, 2020, through May 11, 2023.

The taxpayer advocate noted that the Justice Department may appeal the decision, but the relief compelled by the ruling isn’t automatic and affected taxpayers must file their refund claims by July 10, 2026.

MISSED THE APRIL 15 TAX DEADLINE? HERE’S WHAT EXPERTS SAY YOU SHOULD DO

Two people look at a laptop screen.

Tens of millions of taxpayers may be owed refunds or lower abatement due to the court ruling, but they face a summer filing deadline to receive them. (iStock)

“Because of the infrequency of a disaster lasting this long, most taxpayers, even most tax professionals, did not foresee that filing deadlines and payments deadlines would be postponed for this long and that return filings and payments would not be considered late and therefore not subject to penalties and interest. But that is the logical extension of what the court ruled,” the National Taxpayer Advocate wrote.

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They went on to warn that barring further action by the IRS or Congress to make sure that all taxpayers impacted by the ruling get what they’re owed, such taxpayers face a fast-approaching deadline to file their claims.

AVERAGE TAX REFUND UP NEARLY 11% FROM A YEAR AGO, IRS DATA SHOWS

IRS logo on namecards

Taxpayers will need to submit claims by a paper form ahead of the deadline, barring changes to the IRS’ process. (Jordan Vonderhaar/Bloomberg via Getty Images)

“Unless the IRS or Congress acts to ensure all affected taxpayers will receive refunds if the Kwong decision is upheld, taxpayers seeking refunds for penalties and interest they paid relating to that period will, in most cases, need to file claims by July 10, 2026,” the advocate explained.

“At the risk of repetition, my overriding goal is to get the word out to as many taxpayers as possible and to avoid disparate results between the ‘well advised’ and the unaware,’” they said.

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The taxpayer advocate said that affected taxpayers may be entitled to a refund or abatement of amounts assessed during the COVID period for:

  • Penalties assessed for failure to file timely returns, failure to pay taxes, or failure to make estimated tax payments;
  • Interest that began accruing earlier than it should have, or not at all; and
  • Overpayment interest for the 2020-2023 disaster period.

TAX REFUNDS ARE BIGGER THAN EVER THIS YEAR, BUT RESIDENTS OF 5 STATES ARE CASHING IN THE MOST

Free COVID-19 home tests covered by Medicare

The COVID emergency declaration delayed filing and payment deadlines, according to a recent court ruling. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

The notice cautioned that the IRS requires claims under Form 843 to be filed through paper submissions, and because such filings may not provide an immediate confirmation of receipt, it advised that taxpayers should send claims by certified mail to have evidence of their timely submission in case the forms are lost.

The taxpayer advocate recommended that the IRS should abide by the Taxpayer Bill of Rights and take four steps, including publicizing the issue for taxpayers, providing a six-month filing extension for refund claims, consider providing systemic relief so taxpayers don’t have to file, and to create an electronic submission portal.

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It also urged tax professionals to inform clients about the issue, members of Congress to highlight the issue in communications with constituents, and for the media to report about it for the public’s knowledge.

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Where to Watch F1 Sprint Weekend Live Online and on TV

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James Wiseman and Anthony Edwards

MIAMI GARDENS, Fla. — Formula One returns to American soil this weekend for the Crypto.com Miami Grand Prix, the fourth round of the 2026 season and the first sprint weekend of the year. Fans around the world are eager to tune in as drivers battle at the Miami International Autodrome from May 1-3, with the main race scheduled for Sunday at 4 p.m. ET.

Red Bull Racing RB18 car at the 2022 Miami Grand
Red Bull Racing RB18 car at the 2022 Miami Grand Prix.

This year’s Miami event features a compressed sprint format that delivers high-stakes action across three days. Free Practice 1 kicks off Friday at noon ET, followed by Sprint Shootout later that afternoon. Saturday brings the Sprint race and qualifying for the Grand Prix, culminating in Sunday’s 57-lap main event under Florida sunshine. The unique layout, blending high-speed straights with tight corners around Hard Rock Stadium, promises exciting overtakes and strategic battles.

In the United States, Apple TV serves as the exclusive home for Formula One broadcasts under a multi-year deal. Viewers with an Apple TV+ subscription can stream every session live, including practice, qualifying, sprints and the race, often with F1 TV integration providing enhanced access. F1 TV Pro offers additional features such as onboard cameras for all 22 drivers, team radio audio, and commercial-free coverage in multiple languages. The service streams seamlessly on Apple TV devices, Chromecast, Roku, Amazon Fire TV, Android TV and more.

For those without Apple TV, F1 TV Premium provides a direct subscription option with comprehensive live coverage and on-demand replays. International viewers have varied options: Sky Sports in the UK broadcasts all sessions on Sky Sports F1 and Main Event, while other regions rely on local rights holders or F1 TV. Yahoo Sports and other sports hubs may offer highlights or supplemental streams for select sessions.

The 2026 season has already delivered drama, with tight championship standings heading into Miami. Max Verstappen and Red Bull seek to maintain early momentum, while challengers from McLaren, Ferrari, Mercedes and emerging teams like Cadillac and Audi push for podiums. Sprint weekends compress the schedule, heightening pressure on drivers and strategists as tire management, qualifying pace and racecraft take center stage.

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Miami’s appeal extends beyond the track. The event transforms the area into a glamour hub with celebrity sightings, concerts and fan zones. The circuit’s mix of temporary and permanent sections creates a unique challenge — long straights for top speeds near 210 mph and technical sections rewarding precision. Past races here have featured memorable moments, from overtakes under the stadium lights to safety car deployments that reshuffled the order.

Weather forecasts for the weekend call for warm conditions with a chance of isolated showers, typical for South Florida in early May. Teams will monitor track evolution closely, as rubber buildup changes grip levels throughout the weekend. Pirelli brings its softest tire compounds, favoring aggressive strategies in the sprint and Grand Prix.

Broadcast details emphasize accessibility. Apple TV subscribers can watch on smart TVs, mobile devices, tablets or computers via the app. F1 TV Pro subscribers gain multi-screen viewing, data overlays and historical archives. For international fans, check local listings — many European broadcasters air live on traditional TV alongside streaming. Free highlights packages are often available post-session on official F1 channels and partner sites.

The sprint format alters preparation. Teams have limited practice time — just one 90-minute session Friday before Sprint Shootout. This rewards adaptability and simulation work done in factories beforehand. Drivers like Lando Norris, Charles Leclerc and Lewis Hamilton, with strong Miami histories, could capitalize, while rookies and midfield battlers fight for crucial points.

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Fan engagement has surged with F1’s streaming shift. Interactive features on F1 TV allow viewers to switch camera angles, listen to engineering chatter and follow live timing data. Apple TV integrates smoothly with existing subscriptions, making it easier for casual fans to join without additional hardware. Pre-race shows, post-race analysis and driver interviews provide context for those new to the sport.

Ticket sales for the Miami Grand Prix indicate strong demand, with grandstands and hospitality packages selling briskly. For those unable to attend, home viewing offers near-trackside immersion through high-definition broadcasts and expert commentary from former drivers and journalists. Networks emphasize storytelling, highlighting rivalries, technical innovations and human elements behind the machines.

Historically, Miami has produced unpredictable results due to its layout and variable conditions. Strategic calls on pit stops and tire choices often prove decisive in both sprint and feature races. As the championship tightens, every point counts, adding pressure in this early-season sprint.

Preparation tips for viewers include downloading apps in advance, ensuring stable internet for streaming, and checking local time conversions for global audiences. Many will wake early or stay up late depending on location — European fans face evening broadcasts, while Asia-Pacific viewers tune in during morning hours.

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The Miami Grand Prix also spotlights Formula One’s growth in the U.S. market. Increased visibility through streaming platforms, Netflix’s “Drive to Survive” influence and celebrity involvement have broadened appeal. This weekend’s event continues that trend, blending elite motorsport with South Florida’s vibrant culture.

Teams arrive with updated packages after early-season testing and races. Aerodynamic tweaks, engine reliability and driver fitness will be under scrutiny. Injuries or mechanical gremlins could shuffle the grid, while weather variables add another layer of strategy.

For cord-cutters, Apple TV and F1 TV eliminate traditional cable barriers. Bundles or trials may be available, with customer service ready to assist setup. Highlights and condensed replays ensure no one misses key moments even with busy schedules.

As engines fire up in Miami, the racing world converges on South Florida. Whether cheering from home, a sports bar or trackside, fans can immerse in one of the calendar’s most anticipated weekends. The combination of sprint excitement and full Grand Prix drama guarantees thrilling viewing wherever you tune in.

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AutoNation, Inc. (AN) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

AutoNation, Inc. (AN) Q1 2026 Earnings Call May 1, 2026 9:00 AM EDT

Company Participants

Derek Fiebig – Vice President of Investor Relations
Michael Manley – CEO & Director
Thomas Szlosek – Executive VP & CFO

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Conference Call Participants

Rajat Gupta – JPMorgan Chase & Co, Research Division
Michael Ward – Citigroup Inc., Research Division
Alexander Perry – BofA Securities, Research Division
Jeffrey Lick – Stephens Inc., Research Division
John Saager – Evercore ISI Institutional Equities, Research Division
John Babcock – Barclays Bank PLC, Research Division
David Whiston – Morningstar Inc., Research Division

Presentation

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Operator

Hello, and welcome to the AutoNation Inc. First Quarter 2026 Earnings Call. My name is Rob, and I’ll be your operator today. [Operator Instructions].

I will now hand the conference over to Derek Fiebig, VP of Investor Relations. Please go ahead.

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Derek Fiebig
Vice President of Investor Relations

Thanks, Rob. And good morning, everyone. Welcome to AutoNation’s First Quarter 2026 Conference Call. Leading our call today will be Mike Manley, our Chief Executive Officer; and Tom Szlosek, our Chief Financial Officer. Following their remarks, we’ll open up the call to questions.

Before beginning, I’d like to remind you that certain statements and information on this call, including any statements regarding our anticipated financial results and objectives constitute forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks that may cause our actual results or performance to differ materially from such forward-looking statements.

Additional discussions of factors that could cause our actual results to differ materially are contained in our press release issued today and in our filings with the SEC. Certain non-GAAP financial measures as defined under SEC rules will be discussed on this call. Reconciliations are provided in our materials and our website located at investors.autonation.com.

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Pentagon says US military to be an 'AI-first' fighting force

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Pentagon says US military to be an 'AI-first' fighting force

The US military has agreed eight new contracts with big tech firms as it expands its artificial intelligence capabilities.

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Bombardier Inc. (BBD.B:CA) Shareholder/Analyst Call Prepared Remarks Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Pierre Beaudoin

[Interpreted] Ladies and gentlemen, good day. My name is Pierre Beaudoin, and I am the Chair of the Board and very pleased to be in this position. On behalf of the Board, welcome to Bombardier’s 2026 Annual Meeting of Shareholders. As you know, innovation has been part of Bombardier’s DNA since the beginning and continues to guide our decisions, our governance and our long-term vision in everything that we do.

Last December, we celebrated the official commissioning of the Global 8000 with our employees and customers. This is an important milestone for the company, given that Global 8000 embodies in many ways, the definition of innovation. As the world’s fastest business jet, It illustrates the excellence to — of our know-how and continues to increase Canada’s reputation internationally.

I can tell you that Bombardier is in an excellent position today. Choices made over the recent years, diversification amongst other things in our revenues, all these things have been bearing fruit. Our service and defense activities are growing steadily and now play a major role in Bombardier’s overall performance.

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Our teams and steering committees are solid, committed and well aligned to pursue our trajectory with rigor and determination. This meeting will be held primarily in French, but allow me to say a few words in English.

Ladies and gentlemen, good morning. My name is Pierre Beaudoin, and I am the Chair of the Board of Directors of Bombardier. I am pleased to welcome you to our 2026 Annual Meeting of Shareholders. While our meeting will be held mainly in French, a simultaneous translation is available on the

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US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week

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US stocks today: S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
The S&P 500 and the Nasdaq advanced to record closing highs on Friday, boosted by robust earnings and a dip in crude prices, and turning the page on their biggest monthly percentage gains in years.

The S&P 500 joined the Nasdaq in positive territory, with tech strength putting the latter out front. Both indexes logged their sixth consecutive weekly advances, their longest run of weekly gains since October 2024.

As May begins, the stock market ‌embarks on what is historically ⁠a ⁠weak six-month stretch. Since 1945 through April 2026, the S&P 500 has gained an average of about 2% from May to October, according to data from Fidelity. That compares with an average gain of about 7% from November through April.

Wrapping up a momentous week for corporate earnings, in which reporting companies accounted for more than two-fifths of the S&P 500’s total market capitalization, analysts now see aggregate first-quarter earnings growth of 27.8%, year-on-year, according to LSEG I/B/E/S.

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Five of the companies in the Magnificent Seven group of artificial intelligence-related stocks reported this week, and investors paid close attention to the timing and extent to which huge investments in the nascent technology are starting to pay off.


That’s an ⁠11.7 percentage point ‌increase from where the estimate stood a week ago, and marks the biggest earnings growth since the fourth quarter of 2021.
Of the 314 companies that have posted results, 83% have beaten earnings estimates, and 78% reported better-than-expected revenues, according ⁠to LSEG. “Today’s action is really the cherry on top of another solid week for investors as earnings season continues to come in stronger than expected,” said Ryan Detrick, chief market strategist at Carson Group in Omaha. “At the same time, we had the second-best April for the S&P 500 since 1950.”

“It looks like that upward momentum very well could continue in May,” Detrick added.

GEOPOLITICS, CRUDE PRICES AND THE ECONOMY

Progress toward a peaceful resolution to the U.S.-Israeli war on Iran appeared stalled, with the closure of the Strait of Hormuz putting upward pressure on energy prices and stoking inflation worries.

But front-month crude futures eased after Iran was reported to have submitted a fresh proposal for negotiations with Washington.

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“Investors are pricing out how long they ‌expect that supply disruption to last, and then differentiating who’s got the most sensitivity to that disruption,” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis.

Economic data showed U.S. factory activity expanded in April for the fourth consecutive month, but the prices-paid component – an ⁠inflation predictor – jumped to its hottest level in four years, according to the Institute for Supply Management.

According to preliminary data, the S&P 500 gained 20.46 points, or 0.28%, to end at 7,229.47 points, while the Nasdaq Composite gained 217.67 points, or 0.87%, to 25,109.98. The Dow Jones Industrial Average fell 155.67 points, or 0.31%, to 49,496.47.

Apple shares advanced after the company provided a solid sales forecast, touting strong demand for its flagship iPhone 17 and the MacBook Neo.

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Atlassian shares surged after the enterprise software firm hiked its forecast.

Peers Salesforce and ServiceNow also gained ground.

Roblox slid following a cut in its annual bookings forecast. Reddit jumped after an upbeat quarterly revenue forecast.

Exxon Mobil’s quarterly profit was hit by Middle East disruptions, while Chevron beat earnings expectations but overall profit marked its lowest level in five years. Both supermajors closed lower.

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