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General Motors is anticipating a $500 million tariff rebate.
General Motors expects a $500 million tariff refund, raising its earnings guidance for the year.
KEY POINTS
- The Trump administration will refund $166 billion in tariffs to 300,000 U.S. importers, with interest.
- Spotify shares dropped 12% after its second-quarter revenue forecast disappointed investors.
- The United Arab Emirates will exit OPEC on May 1 to increase investment in domestic energy.
COMPANIES
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