
'I've been completely disenchanted.' Billionaire speaks out after attacks on Asian Americans
CNN
Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times, is urging America to admit it has a racism problem.
"This unconscious bias and racism is pervasive. It's almost inherent, sadly, in the historic fabric of this country," Soon-Shiong, the founder and executive chairman of biotech company ImmunityBio, told CNN Business in his first public comments about the surge of anti-Asian hostilities. "We have to recognize that, accept it and then break it." Soon-Shiong, who is of Chinese descent and was born in South Africa, expressed dismay at the recent spike in hate crimes against Asian Americans as well as the racial tensions that fueled the Black Lives Matter movement.
The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.