Apple Stock: Company Faces Largest Decline Since 2020 Following Donald Trump's Tariff Announcement

Florida A&M University (FAMU) has lost a significant grant that helped produced 60% of the nation’s Ph.D. graduates in pharmaceutical sciences. According to the Tallahassee Democrat, the Historically Black College and University’s (HBCU) pharmacy school and its Research Centers in Minority Institutions (RCMI) program will not receive planned funding because a $16.3 million grant supporting them was terminated on March 21. The grant, awarded by the National Institutes of Health (NIH) and renewed in 2024, was originally scheduled to run through March 2029. “The funding was awarded to support new faculty hires and enhanced research in key areas such as artificial intelligence, bioinformatics and cancer biology,” FAMU Interim President Timothy Beard said in a statement, according to the outlet. “For nearly 40 years, faculty and graduate students have relied on this center to conduct biomedical and health research.” He also mentioned, “The program is a critical contributor to the...

The 170 million TikTok users in the U.S., according to NBC News, will have access to the app for at least another 75 days. Is TikTok Getting Banned Tomorrow? On Friday, April 4, 2024, President Donald Trump announced plans to sign an executive order giving ByteDance, the China-based owner of TikTok, an additional 75 days to find a non-Chinese buyer. “My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress,” Trump wrote in a TruthSocial post. “The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep TikTok up and running for an additional 75 days.” On April 24, 2024, former President Joe Biden signed a law requiring ByteDance to sell the app to a U.S. company within one year or risk a ban, AFROTECH™ previously reported. Lawmakers and national security experts have expressed concerns over China’s potential access to ByteDance’s U.S. user data and its ability to...

While fans are focused on new music, Cardi B is focused on creating generational wealth. Cardi B has aligned herself with various endorsement deals over the years from Pepsi, Reebok, NYX Professional Makeup, and Fashion Nova, which she worked with earlier on in her career. As AFROTECH previously told you, Fashion Nova paid the rapper $200 for every post back in 2016, two years before the release of her successful debut album “Invasion of Privacy.” That number went as high as $20,000 per month, according to Vox. In April 2024, she revealed she was earning over $5 million from brand deals. Cardi B has proven she is able to bring in the dough for companies, and over the past couple of years she is now doing the same on her own terms. In 2021, Cardi B launched Whipshots in partnership with Starco Brands, which sold 5 million cans within three years, a press release mentions. View this post on Instagram A post shared by Whipshots ™ (@whip_shots) Launching Apparel And Beauty Brands Cardi...

The future of tech is being shaped by innovative minds, and at ServiceNow, the spotlight is on the brilliant individuals who are driving change. At the forefront of this narrative is Kendra Bailey, a Generative AI (GenAI) solutions architect at ServiceNow. Her testimony is one of perseverance, growth, and the power of embracing one’s unique perspective. Building skills to provide solutions Kendra’s journey began seven years ago as a tester and intern with a ServiceNow partner. In less than a year, she transitioned into a full-time developer role, taking the reins on her first project. Her trajectory within the ServiceNow ecosystem exemplifies what’s possible when skill meets opportunity. Now, as a GenAI solutions architect, she is committed to advancing generative AI solutions, ensuring customers have seamless experiences and successful outcomes with ServiceNow’s technology. Getting out of her own head For many Black professionals in tech, imposter syndrome and self-doubt can be...

Tariffs on imported goods imposed by President Donald Trump will impact small business owners. AP News reports that the Trump administration has announced new tariff policies, including a 34% tax on imports from China, a 20% tax on imports from the European Union, and a 10% baseline tax on most imports. According to a press release from the White House, the 10% baseline will take effect at 12:01 a.m. EDT on April 5, 2025, while the countries with higher tariff rates will have to comply by at 12:01 a.m. EDT on April 9, 2025. Trump hopes to restore balance to global trade and believes imposing these tariffs will lead to billions in revenue for the U.S., AP News notes. “I will sign a historic executive order instituting reciprocal tariffs on countries throughout the world. Reciprocal, that means they do it to us and we do it to them… This is one of the most important days in my opinion in American history,” Trump said during a “Make America Wealthy Again” event on April 2, according to...

Target’s foot traffic has taken another decline amid a 40-day boycott. As AFROTECH™ previously reported, the retailer reversed its three-year diversity, equity, and inclusion (DEI) commitments, dismantling a program that helped Black and minority-owned businesses secure shelf space. Additionally, the company is no longer required to submit reports to external diversity-focused groups. “Many years of data, insights, listening, and learning have been shaping this next chapter in our strategy,” said Kiera Fernandez, chief community impact and equity officer at Target, according to NBC News. “And as a retailer that serves millions of consumers every day, we understand the importance of staying in step with the evolving external landscape, now and in the future — all in service of driving Target’s growth and winning together.” This comes as other major companies , like Walmart , have removed race and gender as factors for granting supplier contracts. McDonald’s also discontinued its...

Success comes with its moments, and Pinky Cole Hayes knows this firsthand. Cole Hayes is the mastermind behind Slutty Vegan restaurant, with seven locations, primarily in Georgia. As AFROTECH™ previously reported, the company’s market value was estimated at nearly $100 million by 2022, which included $25 million from a Series A funding round. Over the years, the company’s triumphs included expanding to Hartsfield-Jackson Atlanta International Airport and Spelman College, although the location at the HBCU has since closed. Cole Hayes has experienced roadblocks with the venture in 2024, and those challenges led to her losing the business, she told People. “Right now, in this moment, I’ve really been in a place of peace, but I had a really rocky 2024. Our corporate overhead was about $10 million,” Cole Hayes mentioned to People. “I was chasing something that I couldn’t catch for so many reasons.” Cole Hayes also acknowledged that she had not been “the operational person,” which has led...

Tesla’s delivery numbers are in. Elon Musk, founder of the electric vehicle and clean energy company, has faced significant setbacks, partly due to his decision to align with President Donald Trump. Musk is working at the Department of Government Efficiency (DOGE), therefore he has access to the sensitive information of American citizens, CBS News reports. Additionally, staffers involved with DOGE — along with employees from Musk’s companies, Tesla and SpaceX — are part of an effort to shut down federal agencies with the goal of decreasing government spending, NPR notes. So far, DOGE has also ended 109 contracts, including those the Department of Energy and Department of Commerce had, with a “ceiling value” exceeding $1 billion, which led to $420 million in savings, Newsweek mentions. DOGE’s efforts have been met with great opposition, which has also impacted Tesla. A survey conducted by NBC news states that while 46% of voters say creating DOGE was a good idea, 47% have a negative...