Companies Race to Recover $130 Billion in Tariff Payments After Supreme Court Ruling

Four Armed Cuban Americans Killed in Gunfight With Cuban Border Troops

Trump Administration Proposes New Obamacare Rules That Would Shift Health Costs to Consumers

Nvidia Reports Record Quarter With 94% Profit Surge on Booming AI Demand

U.S. and Iran Open High-Stakes Nuclear Talks in Geneva Amid War Threats

...Hillary Clinton Sits for Closed-Door Deposition in House Epstein Probe Today...Bill Clinton Set to Face House Oversight Deposition Friday...

Companies Race to Recover $130 Billion in Tariff Payments After Supreme Court Ruling

At least 1,800 companies — including Costco, Goodyear and FedEx — have filed lawsuits seeking refunds of tariff payments after the U.S. Supreme Court struck down many of President Trump's far-reaching global tariffs last Friday, with lawyers predicting the litigation wave will rival the scale of decades-long asbestos cases but compressed into a single moment. The tariffs, which netted at least $130 billion over 10 months, affected more than 301,000 importers, according to a Customs and Border Protection court filing, and the specialized Court of International Trade in New York now faces the unprecedented task of handling the cases. The Trump administration has sent mixed signals on refunds: its lawyers previously assured lower courts that companies could be "made whole through a refund, including interest," but Trump told reporters Friday that refunds were "not discussed" and predicted years of litigation, while Treasury Secretary Scott Bessent said Sunday the administration would follow the court's orders.

WSJ

Four Armed Cuban Americans Killed in Gunfight With Cuban Border Troops

Four armed Cuban citizens living in the United States were killed and six others wounded in a gunfight with Cuban border troops after their Florida-registered speedboat entered Cuba's territorial waters Wednesday, according to Cuba's Interior Ministry. Cuban state media reported that the 10 men aboard were Cuban Americans, and the Interior Ministry said preliminary statements from those detained indicated the group intended "an infiltration with terrorist ends," though the government did not specify the basis for that characterization.

NYT

Trump Administration Proposes New Obamacare Rules That Would Shift Health Costs to Consumers

The Trump administration proposed new rules for Affordable Care Act marketplace plans that would allow insurers to offer policies with much lower monthly premiums but significantly higher deductibles, a trade-off critics warn could leave millions of Americans exposed to thousands of dollars more in medical bills before coverage takes effect. The proposal, which does not require congressional approval, comes as more than 1 million people have dropped their Obamacare coverage this year following the Republican-controlled Congress's decision to let enhanced subsidies expire at the end of last year — a move that doubled or more the monthly premiums for millions of enrollees. In his State of the Union address, Trump blamed the Affordable Care Act for "the crushing costs of health care" and called for redirecting insurance payments directly to consumers, though such a change would require legislation. Dr. Mehmet Oz, who oversees the Obamacare markets as administrator of the Centers for Medicare and Medicaid Services, promoted the proposal as aimed at "lower costs, more choice, and exchanges that work as intended," while Republican health policy analysts said the administration worked within its statutory authority to expand consumer options. Democrats and health policy critics counter that the cheaper plans could accelerate enrollment declines and leave consumers with inadequate coverage.

NYT

Nvidia Reports Record Quarter With 94% Profit Surge on Booming AI Demand

Nvidia reported a 94% increase in quarterly profit to $43 billion on record revenue of $68.1 billion for the fourth quarter, easily beating analyst estimates and helping ease investor concerns about a possible artificial-intelligence bubble that had rippled through markets in recent months. Data center hardware — the chips and networking equipment sold to AI and cloud-computing companies — accounted for 91.4% of the quarter's sales at $62.3 billion, and CEO Jensen Huang declared on the earnings call that the company has reached "the inflection point" where agentic AI is transforming business worldwide and AI tools are generating real profits. Nvidia's single-quarter profit of $43 billion matches or exceeds what 492 of the Fortune 500 earn in an entire year.

WSJ

U.S. and Iran Open High-Stakes Nuclear Talks in Geneva Amid War Threats

The United States and Iran began a critical round of nuclear negotiations in Geneva Thursday, with U.S. envoys Steve Witkoff and Jared Kushner pressing demands that Iran permanently dismantle its three main nuclear sites at Fordow, Natanz and Isfahan, surrender all enriched uranium to the United States, and agree to restrictions with no expiration date — conditions far more stringent than the Obama-era Joint Comprehensive Plan of Action that Trump abandoned in his first term. President Trump said in his State of the Union address Tuesday that he preferred diplomacy but would never allow "the world's top sponsor of terror" to obtain a nuclear weapon.

Iran is expected to counter with an offer to suspend nuclear activity and uranium enrichment for three to five years before joining a regional nuclear consortium while maintaining a very low enrichment level of 1.5% for medical research, according to four Iranian officials. Meanwhile, the U.S. deployed F-22 Raptor combat jets to Israel this week — the first time it has stationed combat aircraft there for a potential wartime mission — positioning forces to defend Israeli territory and American assets in the Middle East from Iranian retaliation and to carry out offensive operations should diplomacy fail.

WSJ / NYT

February 26 1616: The Roman Catholic Church warns Galileo Galilei against promoting the belief that the Earth orbits the Sun, an idea for which he was later convicted of heresy.

It took another 300 years for the church to admit he was right.

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Sources

1. WSJ — Companies Race to Recover Tariff Payments
2. NYT — Cuba Speedboat Shooting
3. NYT — Obamacare Health Insurance Rollbacks
4. WSJ — Nvidia Earnings Q4 2026
5. WSJ — U.S. Brings Tough Demands to Iran Nuclear Talks
6. NYT — Iran-U.S. Nuclear Talks
7. WSJ — U.S. Deploys Combat Jets to Israel