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Tariff Payback, Boston Marathon, and Cocaine Salmon

Kenya’s John Korir wins the Boston Marathon for the second year in a row. Find this story and more in today's digest.

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Good morning. It's Tuesday, April 21, and we're covering over $166B in voided tariffs trickling back to companies, the world's oldest annual marathon, and much more. First time reading? Join over 4.7 million insatiably curious readers. Sign up here.

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 Need To Know 

 

Tariff Refund Reckoning

The federal government yesterday began refunding more than $166B from global tariffs struck down by the Supreme Court in February, with interest accruing at roughly $22M per day.

Only companies that paid tariffs directly are eligible for refunds, not consumers indirectly hit by higher prices. Amid class-action lawsuits, companies including FedEx and Costco have said they may share proceeds with customers, though details are unclear. The refund timeline is also uncertain: The government estimates it will take 60 to 90 days to issue refunds, but technical challenges could cause delays. A digital claims system had to be built to identify the global tariffs, process refunds, and issue payments. That platform can currently handle about 63% of affected import filings, with the remainder to follow.

After the Supreme Court's ruling, the Trump administration implemented a temporary 10% tariff on most imports and is exploring a new pathway for global tariffs under the Trade Act of 1974 (101 here).

 

Boston's Defending Champions

Kenya’s John Korir won yesterday’s Boston Marathon for the second year in a row, finishing the men’s race in 2 hours, 1 minute, 52 seconds—a course record. Kenya’s Sharon Lokedi won the women’s side, also for the second consecutive year, in 2:18:51. See photos here.

This year, runners passed a 5-foot-6-inch bronze statue of Bobbi Gibb, the first woman to complete the Boston Marathon in 1966. Gibb had defied rules against women’s participation and hid in the bushes near the starting line, finishing her race in 3:21:40 and unofficially running the next two races (women were allowed to race the marathon beginning in 1972). Now 83, Gibb made the sculpture herself; see here.

The Boston Marathon is the world's oldest annual marathon, inspired by the first modern Olympic marathon in 1896. It is held every year on Patriots' Day, the state holiday commemorating Paul Revere’s 1775 midnight ride and the inaugural battles of the American Revolution. 

 

UK Vetting Failure Fallout

UK Prime Minister Keir Starmer told Parliament yesterday he was wrong to appoint Peter Mandelson—whose ties to Jeffrey Epstein later emerged—as ambassador to the US, saying Foreign Office officials overrode a security clearance denial without informing him. Starmer faces calls to resign for misleading Parliament.

Mandelson, a veteran politician, was fired from his ambassadorship in September 2025 after US Justice Department documents revealed he allegedly passed sensitive government information to Epstein in 2009. British police arrested Mandelson in February on suspicion of misconduct in public office; he was released without charge and denies any wrongdoing. 

The scandal has exposed gaps in the UK's appointment process: Vetting didn't begin until after Mandelson's role was publicly announced. Starmer said the process has been revised so full clearance is completed before appointments are made. A fired Foreign Office official, whom Starmer blamed, is set to give his own account today. See how the vetting process works here

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 In The Know 

 

Sports, Entertainment, & Culture

Singer D4vd is formally charged with first-degree murder in the death of a 14-year-old girl whose body was found dismembered and decomposed in the trunk of his Tesla; he is eligible for the death penalty (More

Actor Patrick Muldoon, known for "Starship Troopers" and "Days of Our Lives," dies of a heart attack at age 57 (More) | Amy Winehouse's father loses court case against friends of his late daughter who auctioned dozens of her belongings (More)

Patricia McCormick's "Sold," a 2006 novel about sex trafficking in India, tops 2025 list of most challenged books at libraries nationwide; 4,235 books were challenged last year, topped only by 4,240 books in 2023 since tracking began in 1990 (More

Science & Technology

Zebrafish models reveal melatonin regulates sleep by reducing activity in specific receptors attached to neurons responsible for processing visual stimuli (More) | Which matters more: when you sleep or how much you sleep? (More)

Scientists create first comprehensive roadmap of how HIV interacts with human cells, possibly leading to new treatments that help the body resist the virus (More

Cannabis use in teens tied to slower gains in memory, attention, and thinking, according to the largest long-term study of brain development in US youth (More

In partnership with hear.com

Experts Didn’t Expect This From a Hearing Aid

Audiologists prescribed Horizon IX for clearer hearing. What they didn't anticipate: their patients started thinking more clearly too

 

Harvard, Johns Hopkins, and NIH research now explains why. When your brain stops straining to follow conversations, that energy goes somewhere better. Memory. Focus. Sharpness. Horizon IX's dual-processing AI separates speech from background noise in real time, so your brain gets what it needs without working overtime. 

 

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Business & Markets

> US stock markets close down (S&P 500 -0.2%, Dow -0.0%, Nasdaq -0.3%) (More) | Apple CEO Tim Cook stepping down, becoming chairman; hardware executive John Ternus tapped as new CEO (More)

Jersey Mike's Subs, America's second-largest sandwich chain behind Subway, confidentially files for initial public offering (More) | Hero, hoagie, sub, or grinder—does what you call it matter? (More)

Eli Lilly to acquire Kelonia Therapeutics for up to $7B; Kelonia is developing tech to reprogram patients' T-cells to attack cancer from within the body (More) | How do cancer cells behave differently from healthy ones? (More)

Politics & World Affairs

FBI Director Kash Patel files a $250M defamation lawsuit against The Atlantic over an article alleging he engages in excessive drinking, which affects his job performance, among other claims (More) | Read original story (More)

Labor Secretary Lori Chavez-DeRemer resigns amid professional misconduct allegations (More) | Supreme Court says it will review Colorado Catholic preschools' exclusion from state funding over their refusal to admit LGBTQ+ families (More

Virginia holds referendum today on Democrat-led redistricting effort; new maps are projected to lead to net pickup of four House seats for Democrats (More

In-Depth

The Sony Hack

Revisionist History | Malcolm Gladwell. The former head of Sony Pictures greenlit a comedy about assassinating Kim Jong Un, triggering one of the most damaging corporate hacks in history by North Korea. His decision traces back to a lonely 8-year-old kid who just wanted to fit in. (Listen

Why the Hardback Edition?

My Bookshop Backstory | Tom Rowley. The owner of an independent London bookshop questions whether hardback editions are outdated, given customers' preference for paperback. (Read

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 Etcetera 

 

Coked-up currents may be confusing salmon.

 

This Lego set might be the most sought-after corporate swag

 

See new Earthset photo from an Artemis II astronaut's iPhone.

 

Japan created a new word for extremely hot days

 

Mapping average rent across 100 US cities.

 

Tourist sues Disney for over $50K after a painful bedbug incident.

 

Norwegian Lundehund tops list of US' rarest dog breeds.

 

International destinations where airfare is actually cheaper than last year.

 

In partnership: Audiologists tested 17 hearing aids. One redefines clarity.*

 

Clickbait: Rock, paper, payday.

 

Historybook: John Adams becomes the first US vice president (1789); American author Mark Twain dies (1910); Queen Elizabeth II born (1926); Musical "Annie" debuts on Broadway (1977); Singer-songwriter Nina Simone dies (2003); Musician Prince dies (2016).

 

*Please support our sponsors.

 

"The true measure of all our actions is how long the good in them lasts."

- Queen Elizabeth II

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