Good morning. Amazon denies a reported tariff label plan after the White House blasted it as “hostile.” Novo Nordisk is joining forces with telehealth companies to make its weight-loss drugs more affordable.

"You don't know whether or not China's going to eat it," Trump said of the potential for tariffs on Chinese goods to increase consumer prices.

Trump's erratic, and often confusing, rollout of tariffs has led to unprecedented market volatility and serious damage to investor trust in U.S. assets.

Amid the ongoing trade war between the US and China, in which President Trump has imposed a massive 145% tariff on imports from China, ports across the United States are already beginning to see the impacts.