Good morning. It's Monday, Jan. 27, and we're covering a brief tariff tit-for-tat, a looming NFL title showdown, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.
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Editor's note: Overnight, Colombia and the US reportedly reached an agreement to avoid an escalating trade standoff. see updates here.
President Donald Trump announced a 25% tariff on all goods entering the US from Colombia yesterday after the country refused to accept a pair of military cargo planes transporting deported Colombian migrants. Travel restrictions for Colombian officials were also imposed. Colombian President Gustavo Petro promptly responded with a 25% tariff on US goods entering Colombia.
Colombia is one of the largest US trade partners in Latin America, with the two exchanging nearly $54B in goods and services annually. The US is also Colombia's biggest market, with its primary exports being crude petroleum ($6B per year) and coffee ($1.8B). See data here.
The planes reportedly had authorization to land upon departing from San Diego, which was revoked midflight. Petro said the deportees must be treated with "dignity and respect" before returning; Trump threatened to raise tariffs to 50% after one week.
See how tariffs work here. |
The Kansas City Chiefs will face the Philadelphia Eagles in Super Bowl LIX (Feb. 9, 6:30 pm ET, Fox) after both teams won their conference championships yesterday. Kansas City outlasted the Buffalo Bills 32-29, while Philadelphia steamrolled the Washington Commanders 55-23.
The Chiefs, now in their fifth title game in six years, look to become the first team in NFL history to win three straight Super Bowls. Star quarterback Patrick Mahomes led the team with three total touchdowns and 245 yards passing.
The Eagles rode another stellar performance by running back Saquon Barkley, who had 118 yards and three touchdowns—including a 60-yard touchdown run on Philadelphia's first offensive play (see highlight). Quarterback Jalen Hurts added four touchdowns with no turnovers in the rout.
New Orleans will host this year's title matchup, with a halftime performance featuring rap star Kendrick Lamar with a guest appearance by four-time Grammy-winning singer SZA. |
South Korean President Yoon Suk Yeol was indicted yesterday on charges of leading an insurrection by imposing martial law in December, making him the country’s first sitting president to face criminal charges. Yoon declared martial law on Dec. 3, alleging the opposition were "antistate" North Korean sympathizers, which led to troops storming the National Assembly and sparked nationwide protests. Parliament rejected the measure and impeached Yoon on Dec. 14. He was arrested on Jan. 15. See timeline here.
The president will stand trial alongside his former defense minister and top military officials, who are accused of aiding in the alleged power grab. Yoon contends the martial law declaration was a strategic warning intended to resolve political tensions. If convicted, Yoon faces life imprisonment or the death penalty, though South Korea has not conducted executions in decades.
Separately, the Constitutional Court is deliberating whether to formally remove Yoon from office or reinstate his powers, with a decision expected by June. |
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It's easy to forget that our sweat isn't just water. But why is it that we only down a glass of water after a long run or a hot day? Our sweat consists of water and salt, so next time you're reaching for that glass of water ... remember to replenish electrolytes, too.
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Sports, Entertainment, & Culture |
> American Madison Keys upsets top seed Aryna Sabalenka to win her first Grand Slam title at the Australian Open (More) | World No. 1 Jannik Sinner beats Alexander Zverev to win his second straight Aussie Open title (More) |
> DJ Unk, rapper best known for "Walk It Out" and "2 Step," dies at age 43 (More) | Rocker Marilyn Manson won't be charged with sexual assault following four-year investigation (More) |
> Spotify signs multiyear deal with Universal Music Group to provide direct licenses for Spotify to stream UMG artists (More) |
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> Researchers discover new way the microbiome of expecting mothers impacts their offspring's health; gut produces metabolites that help program stem cells during fetal development (More) |
> Astronauts' eyesight weakens during long stays in microgravity environments, study finds; effect is temporary upon return to Earth but may have implications for eventual trips to Mars (More) |
> Engineers develop 3D-printed ultralight material roughly five times stronger than titanium; process uses machine learning to produce strength-enhancing micro- and nanostructures (More) |
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> US stock markets drop Friday (S&P 500 -0.3%, Dow -0.3%, Nasdaq -0.5%), but all three indexes post second straight week of gains (More) | Bank of Japan raises interest rates to highest level in 17 years (More) |
> Sales of previously owned homes in the US fall to lowest level in nearly three decades; roughly 4.1 million such homes were sold last year, the lowest since 1995 (More) |
> Trump administration reportedly negotiating TikTok deal that would give Oracle and a group of US investors control of the platform, with ByteDance retaining a minority stake (More) | Banks to sell up to $13B in debt from 2022 loan to Elon Musk to purchase Twitter (now X) (More) |
💵 All about US currency: The next edition of 1440 Business & Finance takes a deep dive into our physical currency—everything from the history of the paper dollar to why some coins have those ridges on their sides. Sign up here for free! |
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> Senate confirms Army veteran, former Fox News host Pete Hegseth as defense secretary in 51-50 vote; Vice President JD Vance casts tiebreaking vote, three Republicans vote no (More) | Confirmation tracker (More) | More than a dozen inspectors general fired across major federal agencies (More) |
> Hamas frees four female Israeli soldiers, Israel releases 200 Palestinian prisoners in second swap under negotiated ceasefire (More) | See updates on the war (More) |
> Supreme Court agrees to hear arguments over whether a religious charter school in Oklahoma can receive public funding (More) | CIA releases assessment finding COVID-19 more likely to have originated from a Chinese lab; conclusion made with "low confidence" (More) |
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"The most singular difference between happiness and joy is that happiness is a solid and joy a liquid." |
- From JD Salinger's "De Daumier-Smith's Blue Period" |
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