As consumers continue to be squeezed at the grocery store, President Donald Trump announced a temporary tariff reprieve for ground beef.

A cattle shortage has sent beef prices to a record high, with Americans paying $13.06 per pound according to the U.S. Bureau of Labor Statistics—a 20% increase from two years ago. Trump said the U.S. would import a set amount of ground beef products tariff-free, though it was not immediately clear which products the policy would apply to.

Affordability will likely play a key role in November’s midterm elections, though Trump’s approval ratings on cost of living are underwater in recent polls.

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The U.S. hit a slew of Canadian imports with a 50% tariff after negotiations for a trade deal collapsed, and Canadian Prime Minister Mark Carney said retaliatory tariffs will start next month.

California Attorney General Rob Bonta called off a meeting with Paramount to discuss a potential settlement in the state’s antitrust suit over the firm’s acquisition of Warner Bros. Discovery, accusing the media giant’s leadership of leaking information and acting in bad faith.

The Supreme Court allowed construction on President Donald Trump’s White House ballroom to proceed, temporarily blocking a lower court ruling while it considers the appeal.

Gold reached its highest level in three months on Friday as precious metals continued their rally. Analysts largely attributed the gain to a weaker dollar, as well as the Treasury Department’s announcement it would ramp up buybacks of 10- to 30-year securities, a move UBS Group AG chief strategist Bhanu Baweja told Bloomberg is “a very important signal........

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