Based on its stock performance last week, Amazon doesn’t look like a winner from President Donald Trump’s tariffs.

But the retail giant may have a competitive advantage thanks to: hike the prices consumers pay, decrease the already-low margins for its suppliers or simply absorb the increase itself. Amazon has a strong balance sheet, and had a 9% profit margin in 2024.

And another silver lining for the company: Trump closed the “de minimis” trade loophole, which is expected to deal a bigger blow to foreign competitors Shein and Temu.

The stock market fallout from President Donald Trump’s wide-ranging tariffs continued Friday, and investors digested China’s retaliatory measures. The Dow Jones Industrial Average fell 5.5%, and the S&P 500 and tech-heavy Nasdaq were down about 6% apiece. , and the Nasdaq entered a bear market, trading more than 20% below its December all-time high.

MORE: , Washington and beyond: Republican House Rep. Don Bacon is planning to introduce legislation Monday that would require the White House to get congressional approval to impose tariffs. Elon Musk told a meeting of Italy’s right-wing League Party that he wants the U.S. and the EU to move to a system of zero tariffs and free trade, and was critical of Trump trade adviser Peter Navarro on X. Meanwhile, the Trump Administration claimed Sunday more than 50 countries have reached out about negotiating the president’s tariffs.

Organizers said more than 1,300 protests against Trump and Musk took place Saturday in cities across all 50 states, marking the in his second term. Tens of thousands reportedly gathered in Washington, D.C., New York City and Boston for “Hands Off” protests demanding “end to this billionaire power grab,” a response beyond what organizers had anticipated.

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As tariffs cast uncertainty, Labor Department data was mixed on the job market for March: Job growth exceeded expectations, but 4.2%. UBS economists forecasted that the unemployment rate would rise to 5.1% by the end of this year under the tariff rates announced Wednesday.

Elon Musk may be the working in President Donald Trump’s administration, but he’s far from the only one. The ten richest members of his billionaire bench include Commerce Secretary Howard Lutnick, worth $3.2 billion, Education Secretary Linda McMahon, with a net worth of $3 billion, and Small Business Administration head Kelly Loeffler, whose fortune totals $1.3 billion.

TikTok’s . President Donald Trump said on Friday he would sign an executive order to keep TikTok operational in the U.S. until June 19, just one day before the ban against the social media platform was set to take effect. Trump also said his administration was speaking with four potential buyers for TikTok, as Amazon, Microsoft and Oracle have emerged as leading suitors.

The Trump Administration has bet big on the AI revolution, but its latest in the U.S.Though the levies exclude semiconductors, the brains of computers and AI, they could drive up the costs of building and operating the crucial data centers in which they are housed.

Law students usually clamor for summer associate jobs in Big Law, which boost their chances of getting a higher-paying job post-graduation. But this year, some students are rethinking their choices and pushing back against following the threat of, or the actual signing of, executive orders aiming to restrict their ability to represent clients with government contracts.

The Washington Capitals’ Alex Ovechkin achieved a hockey milestone Sunday: His second-period shot on the New York Islanders was his 895th regular season NHL goal, putting him . Ovechkin trademarked his run to Gretzky’s goal “the Gr8 Chase,” an extension of the big business the Russian-born player has long done—Forbes has tracked his annual off-ice earnings over the last 13 years, he has never dropped below $2.5 million

Can AI diagnose an illness as well as your doctor? In some instances, yes, according to one study which looked at the recommendations from a chatbot compared to those of doctors assessing acute respiratory, urinary, vaginal, eye or dental symptoms. It found that an AI chatbot from startup K Heath , and offered higher-quality care overall for the remaining one-third.

Inside The Epic Battle Between Danone And Lifeway Foods—And Its Squabbling Founding Family

Julie Smolyansky, the CEO of publicly traded kefir brand Lifeway Foods, is , its partner of more than 25 years.

Smolyansky has run the fermented beverage business—a cousin of drinkable yogurt—since 2002 and, along with her mother and brother, controls some 45% of Lifeway’s stock.

Lifeway aimed at undermining the business, including blocking the Illinois-based company from expanding internationally and refusing to help it source cheaper raw ingredients. Smolyansky contends that Lifeway has been hamstrung for decades by her father’s 1999 agreement with Danone, when the French company invested $6.5 million (or about $12 million in today’s terms) for an initial 15% stake in the company. She insists that the agreement, and a “support agreement” signed in conjunction, took advantage of her immigrant father’s lack of a formal business education.

Danone pushes back, responding that, despite the founding family’s involvement in Lifeway, . “Lifeway is a publicly owned company and not a ‘family business,’” a Danone representative tells Forbes. “Lifeway sought Danone’s investment, and without it Lifeway would not be the company it is today.”

Lifeway is .Coming off more than five straight years of record growth, it now has a 95% market share of the kefir category it pioneered. Lifeway’s gut-friendly fermented drinks are sold at nearly every major retailer nationwide, including Walmart, Amazon, Kroger, Costco, Safeway and Whole Foods. Annual sales hit $186 million last year, up 17% since the year prior.

Meet The Billionaire Family Producing America’s Bestselling Cheeses

Oil prices fell to a four-year low Friday as concerns mounted over the economic impact of tariffs. Tariffs for oil:

The decline in oil prices Friday

The number of barrels per day OPEC+ said it is increasing output to in May, up from the previously planned 135,000 barrels per day

The price of the global benchmark for oil prices, Brent crude, as of Friday afternoon, down $4.57

Ever-changing workplace dynamics mean that traits we were once told to suppress, like being “bossy” or “shameless,” are essential to ensuring your work is visible. It’s , and be selective about how you spend your time to ensure you’re doing the kind of work that earns recognition. And focus on taking action—you might be left behind waiting for permission.

QUIZ

Two companies paused their IPOs amid the broader stock market chaos. Which of the following is one of the firms?

A. Ticketmaster

B. Affirm

C. StubHub

D. Stripe

Check your answer.

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Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire.