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Stock impact report

US Treasury chief says FedEx should say how consumers will get tariff rebates [Yahoo! Finance]

Bausch + Lomb Corporation Common Shares (BLCO) 
Company Research Source: Yahoo! Finance
WASHINGTON/LOS ANGELES, Feb 25 (Reuters) - FedEx should explain how it will pass along any tariff rebates to consumers, U.S. Treasury Secretary Scott ?Bessent said after the global shipping company sued for a refund of emergency ?import duties ruled illegal by the U.S. Supreme Court. Bessent, in an interview with NBC News late on Tuesday, also ?questioned FedEx CEO Raj Subramaniam's role in the U.S.-China Business Council but offered no evidence of any wrongdoing. FedEx, along with scores of other U.S. companies, are members of the business group. On Monday, FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund after the Supreme ?Court ruled last week that ?President Donald Trump had exceeded his authority in imposing sweeping emergency tariffs. French beauty group L'Oreal, British vacuum manufacturer Dyson and contact lens maker Bausch + Lomb ?have also sued for refunds. Subramaniam should "explain how he's going to get the money back to the consume Show less Read more
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