U.S. recall activity reached one of the highest levels in the past decade, as the consumer products, food and drinks and pharmaceutical sectors all experienced higher recall volumes than 2024. Roughly 3,295 recalls were recorded across the five industries analyzed, …
Carmakers Bank on $2.3B in Future Tariff Refunds
Some automakers this week got a first-quarter profit boost—at least on paper—from future refunds of tariff payments they made to the U.S. government, risking potential