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Updated at 6:54 p.m. ET

President Trump and European Commission President Jean-Claude Juncker said Wednesday that they have agreed to work toward removing all trade barriers between the two sides.

In a Rose Garden announcement, Trump said the EU had also agreed to buy U.S. soybeans, a day after he announced a $12 billion bailout package for farmers hit by retaliatory tariffs. Trump said the EU will also become a "massive buyer" of U.S. liquefied natural gas.

The future is here and soon it will be toting grocery shoppers around Phoenix.

Walmart and Waymo — formerly Google's self-driving car project — announced on Wednesday the launch of a pilot program that will allow consumers to make their grocery pickups with the help of an autonomous vehicle.

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President Trump is cutting deals with the European Union this afternoon. In a joint appearance in the Rose Garden, President Trump and European Commission President Jean-Claude Juncker announced some agreements on trade.

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Sergio Marchionne, who led Fiat Chrysler to prosperity in the face of a stubborn recession and a host of other challenges, has died. He was 66. Just days ago, he stepped down from his role leading one of the world's largest car companies because of health problems.

Fiat Chrysler rushed to name a new CEO last weekend after it became clear that Marchionne would not be able to return to work. The widely admired executive had suffered complications from shoulder surgery, and his health rapidly deteriorated. He died at University Hospital in Zurich.

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Updated at 9:53 a.m. ET

Sergio Marchionne, the charismatic CEO who led the acquisition of Chrysler and saved it from ruin nine years ago, has died, it was announced Wednesday. The 66-year-old executive had been hospitalized following a sudden health crisis, and the future of the company is once again up in the air.

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OK. As we just heard, America's farmers are being hurt by the escalating global trade war. President Trump's plan to help them is based on a Depression-era federal program. Esther Honig with Harvest Public Media has the story.

To see what a trade fight can do to exports, all you need to do is look at pork.

American ham and other pork products now face massive tariffs — between 62 and 70 percent – after two rounds of retaliatory tariffs by China. It's led to almost a standstill in pork exports to China.

"In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to China," says Mary Lovely, an economist at Syracuse University. "So our exports to the country have pretty much collapsed."

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Last week, President Trump told CNBC that he doesn't like the Federal Reserve's policy of gradually raising interest rates. In particular, he laments that rising interest rates will lead to a stronger dollar, potentially exacerbating the U.S. trade deficit.

The dollar has strengthened this year, but if President Trump wants to assign blame for the stronger dollar, then he should save most of it for his own agenda.

Josh Barro of Business Insider joins us to discuss.

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The Trump administration is coming to the aid of farmers hurt by its own hard-line trade policies, announcing Tuesday that it will make an estimated $12 billion in government assistance available, including direct payments to growers.

The money comes after farmers, especially soybean growers, have felt the brunt of retaliatory tariffs placed on agriculture by China and other nations that the Trump administration has penalized with tariffs on imports.

Ivanka Trump is closing her fashion company, saying her commitments in helping her father in Washington — and the limits imposed on her business as a result — have left her with no other option.

"After 17 months in Washington, I do not know when or if I will ever return to the business," Ivanka Trump said in a statement, "but I do know that my focus for the foreseeable future will be the work I am doing here in Washington, so making this decision now is the only fair outcome for my team and partners."

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The European Union has fined Google more than $5 billion for abusing the near-ubiquity of its Android operating system. Regulations said Google forced phone makers to pre-install Google apps on their phones or else they wouldn't get Google's operating system for free. Today on the show, we look at Google's Android operating system.

President Xi Jinping has ordered an investigation — and promised serious punishment — after a drug company was found to have faked production records for a rabies vaccine and sold more than 250,000 doses of a vaccine for infants that didn't meet medical standards.

Regulators said the large drugmaker, Changchun Changsheng Life Sciences Limited, had arbitrarily changed the way it makes freeze-dried human rabies vaccines, as well as falsifying records and inspection reports. The government says it has ordered the company to halt production of the vaccine.

The newspaper publishing company Tronc has moved to slash the New York Daily News newsroom, announcing cuts of 50 percent to the paper's editorial staff, according to an internal memo obtained by NPR and other news outlets.

The staff learned of the cuts Monday morning from a memo emailed from the paper's "talent engagement" account. It said the moves were necessary to seize the opportunities of digital news and financial challenges ahead. A Tronc spokeswoman confirmed the veracity of the memo.

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Brexit, The Netherlands And Trade

Jul 21, 2018

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Amy Powell's five-year run as head of Paramount Studios' television division came to a halt on Thursday.

She was suddenly ousted after an internal investigation of her alleged use of racially charged language, according to The Hollywood Reporter.

Paramount CEO Jim Gianopulos announced Powell's dismissal in a memo to staff.

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