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Top stories today:
- China raises tariffs on U.S. to 125%, but will ignore further tariff raises
- ChatGPT can now reference your past chats for personalized responses
- TikTok fuels ByteDanceās record $39B in international revenue in 2024
- CPI, Core CPI slow down more than expected ahead of tariffs impact
- Elon cuts DOGE savings estimate to $150B for FY2026, down from $1T
- U.S. service exports overlooked by Trumpās tariff move
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. China raises tariffs against U.S. to 125%, but will ignore further tariff raises
Effective from Apr. 12 and applicable to all U.S. goods.
Up from the 84% tariffs announced earlier.
Chinaās Xi Jinping will host EU leaders in July: report.
Trump admits ātransition problemsā with China tariffs at 145%.
Over 365 million people worldwide suffer from osteoarthritis and there's still no cure, just painkillers and ice packs.
Cytonicsā CYT-108 is a lab-tweaked version of a natural protein (A2M) that blocks the enzymes that eat away at cartilage.
Backed by NIH grants and over 6,000 shareholders, Cytonics is now letting the public invest in its next clinical trial phase.
Itās a shot at finally treating the root cause of joint pain, not just managing it.
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3. ChatGPT can now reference your past chats for personalized responses
Rolling out first to ChatGPT Pro and Plus subscribers, except for those in the U.K., EU, Iceland, Liechtenstein, Norway, and Switzerland.
Will add conversational context to text, voice, and image-generation features.
An opt-out is available through ChatGPTās settings.
4. TikTok said to fuel ByteDanceās record $39B in international revenue in 2024
