How a Trump Tax Break Rescued Horse Racing
Owners spent nearly $1.5 billion last year on racehorses, a big increase over 2024. A new tax provision allows them to immediately deduct the full cost of the purchase.
Diplomatic Feud With China Weighs on Japan’s Economy
A standoff over the security of Taiwan has led to a steep decline in the number of Chinese visitors to Japan, which is heavily dependent on the tourists.
Warner Bros. Is Said to Consider Reopening Talks With Paramount
Warner Bros. Discovery had agreed to sell itself to Netflix, but its contract allows it to pursue offers that may lead to a superior deal.
Trump Administration Ends Credit for Start-Stop Feature in Cars
Manufacturers will no longer get a credit toward vehicle emissions standards by installing engines that automatically stop at red lights.
Like Trump, U.S. Embassies Are Raising Cash for Lavish July Fourth Parties
Some of Washington’s diplomatic outposts in Asia are raising millions for events to mark the 250th independence anniversary. One ambassador offered to sing and dance.
‘Wuthering Heights’ Gallops Toward $82 Million in Global Ticket Sales
Warner Bros. spent an estimated $80 million on the R-rated romance, directed by Emerald Fennell, not including hefty marketing costs.