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By JAIMIE DING, Associated Press

Walgreens has agreed to pay up to $350 million in a settlement with the U.S. Department of Justice, which said that it illegally filling millions of prescriptions in the last decade for opioids and other controlled substances.

The nationwide drugstore chain must pay the government at least $300 million and will owe another $50 million if the company is sold, merged, or transferred before 2032, according to the settlement reached last Friday.

That would include a potential buyout worth nearly $10 billion by the private equity firm Sycamore Partners that Walgreens announced in early March.

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By DAMIAN TROISE, Associated Press

New York (AP) — Companies from a wide range of industries are having trouble assessing the impact of tariffs because of the constant uncertainty over whether and where the taxes will be imposed next or postponed, sometimes on a daily or weekly basis. Some tariffs remain in place against key U.S. trading partners, but others have been postponed to give nations time to negotiate.

As a result companies have been giving somewhat shaky financial forecasts during their latest round of earnings updates.

Here’s how several big companies are dealing with the tariff confusion:

Kimberly-Clark

The Irving, Texas, company makes Huggies, Kleenex and other personal care and household staples. It expects tariffs to add $300 million of costs and has warned about flat earnings for the year.

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By JOSH BOAK and FATIMA HUSSEIN

WASHINGTON (AP) — U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown against China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies.

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But in a private speech in Washington for JPMorgan Chase, Bessent also cautioned that talks between the United States and China had yet to formally start. Trump placed import taxes of 145% on China, which has countered with 125% tariffs on U.S. goods. Trump has placed tariffs on several dozen countries, causing the stock market to stumble and interest rates to increase on U.S. debt as investors worry about slower economic growth and higher inflationary pressures. read more

Tesla reports first-quarter financial results after the bell Tuesday with the electric vehicle maker coping with sluggish sales and fallout from its CEO’s prominent role in the Trump administration.

Wall Street expects Tesla to report a profit of 41 cents per share, down slightly from the year-ago quarter. Sales are estimated at $21.3 billion, on par with last year’s quarter.

Tesla is fighting an enormous public backlash due to Elon Musk’s leadership of a federal government cost-cutting group that has divided the country and sparked angry protests at Tesla dealerships nationwide. Some analysts have called for Musk to abandon his role in the Trump administration to focus on Tesla.

Shares of Tesla Inc. have tumbled more than 40% this year.

Tesla investors will be listening closely for updates on several strategic initiatives. The company is expected to roll out a cheaper version of its best-selling vehicle, the Model Y SUV later in the year. Tesla has also said it plans to start a paid driverless robotaxi service in Austin, Texas, in June. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — U.S. stocks jumped in a widespread rally and more than made up for their sharp drops from the day before. The S&P 500 rose 2.5% Tuesday to erase Monday’s loss, which came on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve. The Dow Jones Industrial Average rose 2.7%, and the Nasdaq composite climbed 2.7%. Equifax, 3M and other companies reporting better profits than analysts expected helped lead the way. The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier in the bond market.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

NEW YORK (AP) — U.S. stocks are jumping in a widespread rally Tuesday, and other U.S. investments are steadying a day after falling sharply on worries about President Donald Trump’s trade war and his attacks on the head of the Federal Reserve.

The S&P 500 was up 2.4% in late trading. The Dow Jones Industrial Average was up 996 points, or 2.6%, with an hour remaining in trading, and the Nasdaq composite was 2.7% higher. All three indexes more than made up their big losses from the start of the week. read more