Taiwan Semiconductor Manufacturing is expanding its its investment and production plants in the U.S. after getting up to $6.6 billion in government support. (WSJ)
U.S. employers added a seasonally adjusted 303,000 jobs in March and the unemployment rate slipped to 3.8%. (WSJ)
The U.S. plans to crack down on use of the tariff-slashing de minimis customs tool favored by e-commerce shippers Temu and Shein. (WSJ)
Johnson & Johnson is buying medical device maker Shockwave Medical for $13.1 billion. (WSJ)
Japanese apparel retailer Uniqlo is accelerating its U.S. expansion effort with plans for 11 new stores in California and Texas. (WSJ)
Trafigura’s finance chief and executive director are leaving the commodities trader in a management shakeup. (WSJ)
Electronics manufacturer Foxconn’s revenue in March jumped 12% from last year. (WSJ)
LG Electronics expects first-quarter operating profit to slide amid slow demand for home appliances. (WSJ)
A Southwest Airlines 737-800 lost an engine part on takeoff in Denver. (CNN)
Japan and the U.S. are discussing joint efforts to build hydrogen energy supply chains, including by lowering costs for producers. (Nikkei Asia)
Federal health officials are proposing two programs to mitigate drug shortages and strengthen drug supply chains. (Bloomberg)
Federal regulators are proposing Mediterranean Shipping be fined $63 million for “severe” violations of the Shipping Act during the pandemic. (Splash 247)
A surge in container imports is straining rail capacity and delaying shipments at Canada’s Port of Vancouver. (The Loadstar)
The U.S. sanctioned Dubai-based vessel operator Oceanlink Maritime for its alleged role in shipping commodities on behalf of the Iranian military. (Reuters)
Shareholders approved Star Bulk’s takeover of rival maritime commodities carrier Eagle Bulk. (TradeWinds)
99 Cents Only is closing its 371 discount stores and liquidating. (Retail Dive)
Italy’s postal operator is thriving while peers such as Royal Mail are struggling. (Financial Times)
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