AP Business SummaryBrief at 8:23 p.m. EDT

Caught in the middle, this US oddity at the border is grappling with Trump's trade war with Canada

POINT ROBERTS, Wash. (AP) — Point Roberts, Washington, is the rare U.S. exclave so dependent on Canada’s goodwill that the strain of Trump’s tariff war is inescapable — in the grocery store, at the pub and for the majority of residents who never voted for the president. Known as a geographic oddity since the boundary with Canada was drawn in 1846, this detached 5-square-mile plot of American land is surrounded by water on three sides and its only land connection is to Canada. Point Roberts has been a cherished getaway destination for more than a century, but today, residents and visitors alike are left wondering what is left of this unusual border town without its beloved northern neighbors.

Tax season is a prime time for scams. IRS uncertainty could add to the issues this year

NEW YORK (AP) — There’s a lot of information (and money) on the table during tax season. Unfortunately, that also makes it a prime time for scams. Year-round, fraudsters may use a handful of common tactics to try to steal your identity, money or other sensitive information — from social media offers that promise a too-good-to-be-true payday, to unsolicited phone calls impersonating a federal agency. As you prepare your annual tax return, experts stress that it’s important to be extra vigilant. This year, scammers might take particular advantage of uncertainty spanning from recent workforce cuts at the IRS. Some say those layoffs, and potential for even more widespread reductions, also bring resources into question — including the agency’s bandwidth to respond to scams consumers report.

Trump says he'll put a 25% tariff on countries that buy Venezuelan oil, though the US does so itself

WASHINGTON (AP) — President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela. He says he'll also place new tariffs on Venezuela itself. The tariffs would start on April 2. That's according to a post by the U.S. president on his website Truth Social. Trump says in his post that Venezuela would face a secondary tariff because the nation with its weak economy is the home to the gang Tren de Aragua. The Trump administration is deporting immigrants who it claims are members of that gang who illegally crossed into the United States.

Stock market today: Wall Street gains ground after shaking off four-week losing streak

Stocks closed broadly higher as Wall Street navigates through the uncertainty of a trade war. The S&P 500 jumped 1.8% Monday. It is coming off its first winning week after a four-week losing streak. More than 80% of stocks within the S&P 500 notched gains and nearly every sector within the index rose. The Dow Jones Industrial Average rose 1.4% and the Nasdaq composite rose 2.3%. Stocks have been riding waves of hope and worry as tariffs are announced, then either implemented or pulled. Wall Street remains focused on how tariffs could eventually impact inflation, consumer spending and economic growth.

2 months into Trump's second administration, the news industry faces challenges from all directions

NEW YORK (AP) — During the first Trump administration, many journalists worried most about being called “fake news.” They now face a more assertive President Donald Trump in his second term as a blitz of action by his new administration has journalists on their heels. Media outlets are facing lawsuits and investigations, and threats to their business. Supporters of the president suggest an overdue correction is in order to reflect new ways that Americans get information. Tension between presidents and the Fourth Estate is nothing new. And despite the atmosphere, the Republican president talks to reporters much more often than many predecessors, including Democrat Joe Biden.

Heathrow defends its response as questions grow about why a fire shut the airport for so long

LONDON (AP) — Heathrow executives are defending their response to a fire that shut down Europe’s busiest air hub for almost a day. It comes after Britain’s energy system operator suggested the airport had enough electricity from other sources to keep running. More than 1,300 flights were canceled Friday after a fire destroyed one of the three electrical substations that supply Heathrow. The chief executive of National Grid told the Financial Times that “each substation individually can provide enough power to Heathrow” to stay open. But Heathrow said safely restarting operations "was a significant challenge.” Heathrow says it ran a full service on the weekend and expected to do so again Monday.

23andMe files for Chapter 11 bankruptcy as co-founder and CEO Wojcicki resigns

NEW YORK (AP) — 23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. The company said Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan. The company also said Anne Wojcicki had resigned as CEO but would remain on the company’s board. Her resignation comes weeks after a board committee had rejected a nonbinding acquisition proposal from Wojcicki. Shares of 23andMe have shed nearly all their value since last spring and plunged below $1 in early Monday trading.

A European startup scrubs its attempt to launch an orbital rocket on its first test flight

OSLO, Norway (AP) — A private European aerospace company has scrubbed the first test flight of its orbital launch vehicle. Isar Aerospace says it canceled Monday's attempt to launch its Spectrum rocket from an island in northern Norway because of unfavorable winds. The launch time is subject to various factors, including weather and safety. The flight could take place later in the week. The Spectrum is a two-stage launch vehicle designed for small and medium-sized satellites. The startup says it has raised more than $435 million in capital and hopes to build up to 40 launch vehicles per year in the future to put satellites into orbit.

Supreme Court turns back casino mogul Steve Wynn's appeal in defamation lawsuit

WASHINGTON (AP) — The Supreme Court has turned back an appeal from casino mogul Steve Wynn, who had challenged a landmark libel ruling as part of a lawsuit against The Associated Press. The court declined to hear the case without comment. Wynn had sued over a story about sexual misconduct allegations that he has consistently denied. His attorneys had asked the high court to reconsider a 1964 ruling known as New York Times v. Sullivan. Wynn said the AP story that cited police documents didn't include details that would have cast doubt on the allegations. The Nevada Supreme Court tossed out the suit, finding the AP had published in good faith.

South Africa president says persecution of whites a 'false narrative' as Musk repeats genocide claim

CAPE TOWN, South Africa (AP) — South African President Cyril Ramaphosa says the claim that white people are being persecuted in his country is a “completely false narrative.” It's his latest attempt to push back against allegations made by U.S. President Donald Trump, Elon Musk and some white minority groups in South Africa. South African-born Musk repeated a claim this weekend in a social media post that some of the country’s political figures are “actively promoting white genocide.” Ramaphosa said Monday "we should challenge the completely false narrative that our country is a place in which people of a certain race or culture are being targeted for persecution.”