Business & Markets — August 14, 2026

Trade court upholds de minimis closure. A federal trade court ruled the Trump administration can keep blocking tariff-free entry of cheap imports, including from Chinese retailers Temu and Shein.

The decision affirms the administration's authority to end the exemption that had allowed low-value shipments to enter the U.S. without duties, a channel heavily used by Chinese e-commerce platforms. President Trump publicly celebrated the ruling, calling it a "BIG WIN," according to CNBC. The outcome preserves a key element of the administration's tariff strategy aimed at low-cost foreign imports.

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OpenAI loses second executive this week. Chief revenue officer Denise Dresser is departing after less than a year, part of a wave of senior exits as OpenAI retools leadership ahead of a planned IPO.

Dresser's exit follows the departure of a longtime chief operating officer, making it the second senior loss at the company in a matter of days, according to The Verge. The turnover comes as OpenAI reshapes its executive ranks in preparation for what the outlet describes as a blockbuster public offering, raising questions about leadership stability during a pivotal transition for the company.

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U.S. sets 100% tariffs on sensitive drones. The Trump administration imposed tariffs of up to 100% on drones deemed sensitive for national security and on aircraft parts, its latest escalation targeting Chinese drone technology.

The measure applies to heavier drones and those the administration classifies as particularly sensitive from a national security standpoint, and it extends to aircraft parts as well, according to Engadget. The move continues a pattern of trade actions aimed at limiting the reach of Chinese-made drone technology in the U.S. market, adding to earlier restrictions targeting the sector.

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Reddit joins the S&P 500. S&P Dow Jones Indices said Reddit will enter the index before trading opens Aug. 18, replacing AvalonBay Communities; shares rose roughly 12% on the news.

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