Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Hard numbers: Teamsters make their choice, US drug deaths plummet, Google wins big fine appeal, Brazil’s drought reaches records, Australia sees a “Ghost”
58: In a stunning break with decades of tradition, the Teamsters, one of the largest unions in the US, declined to endorse a presidential candidate. The organization has historically leaned left, and it endorsed the Democrat in the last four cycles. But after internal polling revealed that 58% of its members now support Donald Trump, the union bosses announced Wednesday that they wouldn't side with either candidate. Shortly after, however, the West Coast Teamsters announced that they were endorsing Vice President Kamala Harris, signaling a possible rift among the membership.
10: Some rare positive news from the frontlines of America’s war with addiction, as new public health data show that US overdose deaths fell 10% nationwide between April 2023 and April 2024. In some states, such as Ohio, the drop was triple that. The findings suggest that the acute wave of overdose deaths that began during the pandemic is ending. Experts aren’t sure what caused the drop, but they point to expanded treatment for drug addiction and overdoses, the gradual end of pandemic-era economic dislocation and isolation, and efforts to crush the supply of illicit narcotics. Still, more than 100,000 people a year die of drug overdoses in the US.
1.5 billion: Google notched a victory in its ongoing tussles with Brussels, as the tech giant won an appeal against a €1.5 billion (nearly US$1.7b) EU fine for violating European competition laws. The EU’s general court found that while the company had unfairly blocked rival online advertisers for a decade until 2016, the fine was too large. The news gives Google some relief after getting hit with a fine nearly twice as big last week in a separate EU antitrust case concerning online shopping services.
4.25 The Solimões river, a main tributary of the Amazon, has fallen to 4.25 meters below its historic September average, the lowest level ever recorded. This is the second consecutive year of severe droughts and scorching heat across Brazil and South America more broadly. A recent analysis showed there have been more than 345,000 wildfires on the continent this year, a record. Experts say underlying climate change dynamics are exacerbating the dry conditions produced by this year’s El Niño weather phenomenon.
5: In a first-of-its-kind case in Australia, authorities have arrested and charged a man with five crimes related to running an online messaging app used by organized criminals to traffick drugs and plot killings. Police say they were able to crack the app, called Ghost, in an operation that led to the arrests of as many as 50 people who allegedly used it for nefarious purposes. They also face charges.Blame Canada! Rail strike impact will ripple across North America
Canada’s two largest rail companies have halted rail shipments after failing to reach an agreement with the union representing their employees.
Canadian Pacific Kansas City and Canadian Railway had until midnight last night to find common ground on a new labor contract with Teamsters Canada, which is seeking better safety guarantees for its members. Both of Canada's major railways locked out 9,300 workers after they failed to agree on a new contract.
The two companies have a virtual monopoly over Canada’s rail network, which moves goods worth $280 billion annually. Fertilizers, grains, and coal are particularly vulnerable to the rail stoppage. Canada’s fertilizer industry alone, for example, stands to lose $50 million a day amid the strike.
Impact on the US. Truckers carry most goods across the border, and they’ve already jacked up fees ahead of increased demand. But rail carries about $100 billion annually between the two countries. US rail giant Union Pacific warned that a Canadian strike would be “devastating.” The auto industry is particularly worried: Canadian trains move components for at least a dozen US plants and 90% of those in Mexico.
What happens next? The minority Liberal government of PM Justin Trudeau has so far been reluctant to force the sides into an agreement or to require the Teamsters to go back to work. In part, that reflects pressure from his left-wing coalition partners, the New Democratic Party. But now that the rails are idle, he may come under more pressure to act.
- Second annual US-Canada Summit focuses on security and trade ›
- Political fortunes, job futures, and billions hang in the balance amid labor unrest ›
- Hard Numbers: Mpox hits the 6ix, Canadian rail strike looms, sexual assaults in the US military go undercounted, J&J looks to close out talcum powder suit, the problem with city birds ›