PRESS DIGEST- New York Times business news - February 28

Reuters

Feb 28, 2025

PRESS DIGEST- New York Times business news - February 28

Feb 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump said on Thursday that his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 along with an additional 10% duty on Chinese imports as drugs continues to pour into the U.S. from those countries "at very high and unacceptable levels".

- The U.S. Consumer Financial Protection Bureau on Thursday dropped the lawsuit against Capital One COF.N along with five other financial services companies accused of wrongdoing under the prior administration.

- ChatGPT developer OpenAI said on Thursday it has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide, with plans to expand access in the coming weeks.

- The Securities and Exchange Commission said on Thursday that the novelty digital assets memecoins were not subject to regulatory oversight as they are not considered securities.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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