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Month: March 2026

Customs and Border Protection official says new process for tariff refunds could be ready in 45 days

Customs and Border Protection official says new process for tariff refunds could be ready in 45 days

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By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Government officials are getting closer to ironing out a refund process for the hundreds of thousands of companies that paid tariffs now deemed illegal.

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In a filing with the Court of International Trade on Friday, Brandon Lord, executive director of U.S. Customs and Border Protection’s trade policy and programs directorate, said the CBP is working on a new system that will simplify the process. He said it should be ready in 45 days and require “minimal submission from importers.”

The filing comes after a judge on Wednesday ordered the government to start paying back all importers the illegal tariffs they paid — with interest. Judge Richard Eaton of the U.S. Court of International Trade wrote that “all importers of record’’ were “entitled to benefit’’ from the Supreme Court ruling that struck down sweeping double-digit import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA). read more

China’s 10-passenger electric aircraft, the Matrix, hints at how big flying taxis can be

China’s 10-passenger electric aircraft, the Matrix, hints at how big flying taxis can be

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By E. EDUARDO CASTILLO

KUNSHAN, China (AP) — A glimpse of what the future of flying taxis might look like can be seen in this southeastern Chinese city.

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In a hangar in Kunshan, more than about 37 miles west of the port of Shanghai, a sort of gigantic drone was preparing for a demonstration. Called the Matrix, it’s a 5-ton electric vertical takeoff and landing vehicle, or eVTOL, considered the largest electric aircraft built so far, at least in China.

The Chinese company AutoFlight, founded in 2017, developed the Matrix, which can carry up to 10 passengers. It has about a 66-foot wingspan, and is 56 feet long and 11 feet tall. It can travel for an hour without charging. read more

Beyond Meat drops the ‘Meat’ from its name as it expands to plant-based drinks and snacks

Beyond Meat drops the ‘Meat’ from its name as it expands to plant-based drinks and snacks

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By DEE-ANN DURBIN, AP Business Writer

Beyond Meat is dropping “meat” from its name as it moves beyond the struggling market for plant-based burgers, sausages and tenders and expands into new categories like protein drinks.

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The company, rebranded as Beyond The Plant Protein Co. — or simply Beyond on its packaging — changed its website and social media channels this week. Beyond introduced its first beverage, a sparkling protein drink called Beyond Immerse, in January and plans to release a protein bar this summer.

The refresh could be critical for the brand. U.S. sales of plant-based alternatives to meat are flagging and have dragged Beyond down with them. The company’s net revenue dropped 14% in the first nine months of 2025. Its shares have been trading below $1 since the start of this year. read more

Congress’ updated NASA directive seeks to extend space station life to 2032

Congress’ updated NASA directive seeks to extend space station life to 2032

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A revamped version of a congressional NASA authorization act moving through the U.S. Senate would add two more years of life to the International Space Station among a slew of new directives for the nation’s space agency.

The NASA Authorization Act of 2026 passed the Senate Commerce, Science & Transportation committee with bipartisan support Wednesday, setting up a full vote in the chamber.

Spearheaded by chairman Sen. Ted Cruz, R-Texas, the 200-plus page document spells out what Congress expects NASA to do with itself in the coming years and builds on previous NASA authorization bills. A final version would need to also be passed by the U.S. House and signed by the president.

Among the major shifts in the bill is extending the life of the space station from 2030 to 2032, giving the agency time to ensure a commercial replacement is in place before the current plan to deborbit the station and have it burn up in Earth’s atmosphere.

“It is the intent of Congress to ensure an orderly transition from the ISS to commercial low-Earth-orbit destinations without a gap in continuous United States human presence in low-Earth orbit.” read more

Can I afford assisted living?

Can I afford assisted living?

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By Kate Ashford, NerdWallet

Recently, a listener of NerdWallet’s Smart Money podcast submitted a question about budgeting for long-term care for her father-in-law:

We are looking at how we can have him move closer to us into an independent/assisted living situation. We would like to build a budget to help him understand what type of living situation he could afford and for how long.

All the best,Senior Living is Confusing

Let’s tackle the question step by step.

How much does assisted living cost?

Assisted living costs vary wildly, depending on where you live. The national median cost of an assisted living community was $70,800 per year in 2024, and a semi-private room in a nursing home was $111,325, according to the Genworth and CareScout Cost of Care survey. Home health aides cost a median of $34 an hour.

The survey is a great place to start. You can dig in by state and look at numbers for a variety of care scenarios, including home health aides, adult day care and nursing homes.

“That helps them get a more realistic viewpoint,” says Amy Goyer, AARP’s national family and caregiving expert. But then they should look at their costs locally, she says, because “in their part of the state it can be much more or much less.” read more