Scot Bertram | TikTok may have Found a Buyer...

Here are 3 big things you need to know—

 

One — U.S. stock futures sank as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries. Shares of Nike and Apple each dropped about 7%. Big sellers of imported goods were among the hardest hit. Five Below  lost 14%, Dollar Tree tumbled 11% and Gap  plunged 8.5%.

 

Two ----  The Michigan Supreme Court has ruled the odor of marijuana alone isn't a sufficient reason for police to search a car without a warrant. In a 5-1 opinion, the court threw out gun charges against a man whose car was searched in Detroit in 2020. Voters in 2018 legalized the possession and use of small amounts of marijuana by people who are at least 21 years old, though it cannot be used inside a vehicle.

 

And number three —    TikTok may have found a buyer.  The New York Times reports Amazon has submitted a bid via office letter to Vice President Vance as well as commerce secretary Howard Lutnick.  The deadline for China-based ByteDance to sell TikTok is Saturday or it will be banned.