[00:00] Thomas Keane: From Neural Newscast, I'm Thomas Keene.
[00:02] Vanessa Calderon: And I'm Vanessa Kelderon.
[00:04] Thomas Keane: Today, new economic research shows that tariffs on mid-sized American companies tripled over the last year.
[00:16] Thomas Keane: This comes as the Supreme Court prepares a landmark ruling on trade authority.
[00:24] Vanessa Calderon: We are also following a major divide at the AI Impact Summit in Delhi,
[00:28] Vanessa Calderon: plus a breakthrough from Stanford researchers on a universal nasal spray for respiratory health.
[00:34] Thomas Keane: Tariffs paid by mid-size U.S. businesses tripled throughout 2025.
[00:39] Thomas Keane: That is according to new research tied to J.P. Morgan Chase released on Thursday.
[00:44] Vanessa Calderon: The data highlights a significant disruption.
[00:47] Vanessa Calderon: The average tariff rate jumped from just over 2% to 13% last year.
[00:52] Thomas Keane: Researchers at the New York Federal Reserve found that 90% of that burden is landing on domestic companies and consumers.
[00:59] Thomas Keane: it is not being absorbed by foreign entities.
[01:02] Vanessa Calderon: White House official Kevin Hassett has criticized that study,
[01:06] Vanessa Calderon: but the Supreme Court could decide the fate of this entire tariff agenda as soon as Friday.
[01:11] Thomas Keane: In other news, federal judge Sunshine Sykes issued a decision late Wednesday.
[01:16] Thomas Keane: The ruling accuses the administration of terrorizing immigrants and recklessly violating the law.
[01:22] Vanessa Calderon: The judge vacated a Board of Immigration Appeals ruling on mandatory detention.
[01:27] Vanessa Calderon: She cited the deaths of two individuals in Minnesota as evidence of violence against citizens.
[01:32] Thomas Keane: Sykes is one of 373 judges who have rejected these detention mandates.
[01:38] Thomas Keane: That group notably includes 44 appointees from the president's first term.
[01:42] Vanessa Calderon: It is a massive legal hurdle for the White House.
[01:45] Vanessa Calderon: The administration is currently pushing to deport millions of people living in the country illegally.
[01:50] Thomas Keane: Turning now to the AI Impact Summit in Delhi, the head of Google DeepMind says more research on artificial intelligence threats is needed urgently.
[02:00] Vanessa Calderon: Sir Damis Hasabas told the BBC earlier today that the industry needs smart regulation.
[02:06] Vanessa Calderon: He believes we must handle real risks like bad actors and a loss of control.
[02:10] Thomas Keane: However, the United States delegation has explicitly rejected the idea of global governance,
[02:16] Thomas Keane: lead delegate Michael Kratzios spoke against centralized bureaucratic control over the technology.
[02:22] Vanessa Calderon: While Hasabas thinks China might catch up to the West in just a few months,
[02:27] Vanessa Calderon: the U.S. seems intent on maintaining a hands-off approach to speed up adoption.
[02:31] Thomas Keane: Meanwhile, researchers at Stanford University have developed a universal nasal spray vaccine.
[02:37] Thomas Keane: It could protect against nearly all respiratory infections.
[02:41] Vanessa Calderon: Dr. Bali Poulindran and his team created a formula that sustained immune responses in mice against
[02:49] Vanessa Calderon: flus, colds, and even certain bacterial lung infections.
[02:55] Thomas Keane: The study suggests the spray might even ease allergies.
[02:59] Thomas Keane: This would be a significant breakthrough for anyone tired of seasonal sniffles.
[03:04] Thomas Keane: I'm Thomas Keene.
[03:06] Vanessa Calderon: And I'm Vanessa Calderone.
[03:08] Vanessa Calderon: Neural Newscast is AI-assisted, human-reviewed.
[03:11] Vanessa Calderon: View our AI Transparency Policy at neuralnewscast.com.