Watch Live: Biden announces U.S. will revoke Russia's "most favored nation" trade status
CBSN
President Biden is expected to announce Friday that the U.S., European Union and G7 countries are revoking Russia's "most favored nation" trade status over its invasion of Ukraine.
Bipartisan lawmakers have been calling on him to revoke the status, known as "permanent normal trade relations," with Russia, a move that enables the U.S. and allies to impose tariffs on Russian imports.
Within the past few days, companies such as Starbucks, McDonald's, Hilton Worldwide Hotels, Coca-Cola and PepsiCo. have announced changes to their operations in Russia, decisions the White House says have been made by the companies, independent of the U.S. government.
Strong storms with damaging winds and baseball-sized hail pummeled Texas on Tuesday, leaving more than one million businesses and homes without power as much of the U.S. recovered from severe weather, including tornadoes, that killed at least 24 people in seven states during the Memorial Day holiday weekend.
Actor Richard Dreyfuss is facing backlash for allegedly sharing remarks that audience members found sexist, homophobic and generally offensive at a Q&A event over the weekend tied to a Massachusetts theater's screening of "Jaws." Dreyfuss starred in the 1975 blockbuster that was filmed in Massachusetts and screened Saturday night at The Cabot, a performing arts center in the coastal community of Beverly.