SCOTUS hands Trump the border — here's what it means for business
Plus: stagflation warnings, Apple's $150B stumble, and clean energy's rough day on the Hill.

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Thursday, June 25, 2025
 
WASHINGTON, DC - APRIL 27: "The People vs the Poison" protesters gather at the US Supreme Court on April 27, 2026 in Washington, DC. The Supreme Court is set to hear arguments this morning in a case that could lead to the dismissal of tens of thousands of lawsuits against Bayer, the pharmaceutical and biotech giant, that claim the weedkiller Roundup, made by Monsanto, caused non-Hodgkin lymphoma. (Photo by Tasos Katopodis/Getty Images)

Supreme Court rules federal law shields Monsanto from Roundup cancer lawsuits

The Supreme Court handed Bayer a landmark victory today, ruling that federal pesticide law preempts state-court cancer claims against Monsanto's Roundup weedkiller. The decision effectively closes off a major litigation avenue for plaintiffs who have argued that glyphosate causes cancer — providing significant relief to Bayer, which has faced enormous legal exposure since acquiring Monsanto. For businesses operating in federally regulated industries, the ruling suggests the federal preemption defense is considerably stronger than many had assumed.

The implications reach well beyond agrochemicals. Companies in consumer products, pharmaceuticals, and industrial chemicals are watching closely, as the ruling could substantially narrow the reach of state tort law in sectors where federal regulatory approval already exists. For Bayer, whose stock has been weighed down by Roundup liability for years, this could prove a meaningful turning point.
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The Supreme Court

The Eagle Pass 1 International Bridge at the US-Mexico border is pictured in Eagle Pass, Texas, on February 19, 2026. (Photo by RONALDO SCHEMIDT / AFP via Getty Images)

Supreme Court allows Trump to block asylum seekers at the US-Mexico border

The court handed the administration sweeping new authority to deny entry to migrants fleeing persecution — a ruling that will reshape border enforcement for years and has immediate downstream effects for industries that rely on immigrant labor.


Hundreds of thousands of people who have lived legally in the US for years now face potential deportation, after the court cleared the way to terminate their humanitarian protections.


A district court blocked major provisions of the president's order restricting mail voting. It is the latest instance of federal courts checking executive power on election administration.


The court's conservative majority continued expanding Second Amendment protections, invalidating a state law restricting the carrying of firearms in public spaces including stores and restaurants.


The Journal's running tracker of the term's biggest decisions, updated with today's landmark immigration and firearms rulings.

Immigration & Enforcement

Tents and wired fencing are seen before Florida Governor Ron DeSantis holds a press conference at the South Florida Detention Facility, nicknamed "Alligator Alcatraz," at the Dade-Collier Training and Transition Airport in Ochopee, Florida, on June 25, 2026. DeSantis announced that the facility is now closed and all detainees have been relocated. (Photo by CHANDAN KHANNA / AFP via Getty Images)

'Alligator Alcatraz' detention center shuts in the US

Florida's notorious immigration detention facility, which cost state taxpayers roughly $1.2 million a day and became the defining symbol of the administration's deportation push, has officially closed after one year.

DeSantis described the shutdown as a victory, citing more than 21,000 deportations processed through the facility.


The president is pressing lawmakers to strip federal funding from cities and states that limit cooperation with immigration enforcement — a move with significant compliance implications for employers in major metro areas.


A federal court dismissed the administration's legal challenge against four New Jersey municipalities that limit cooperation with immigration authorities. The action is another judicial check on executive enforcement power.


Democratic lawmakers and immigration advocates reacted sharply to today's twin SCOTUS immigration rulings, charging that the conservative majority is systematically dismantling legal protections for migrants.


Today's decisions combine with prior rulings to give the administration broader immigration enforcement authority than any White House in recent memory — with real consequences for labor supply in agriculture, construction, and hospitality.

Tariffs, Trade & The Economy

MACUNGIE, PENNSYLVANIA - JUNE 23: U.S. President Donald Trump delivers remarks at the Mack Trucks Lehigh Valley Operations facility on June 23, 2026 in Macungie, Pennsylvania. President Trump visited the facility to highlight American manufacturing and its benefits for local economies. (Photo by Andrew Harnik/Getty Images)

Inflation surges past 4%—but consumers keep spending

The Fed's preferred inflation gauge hit 4.1%, its highest reading since 2023, yet consumer spending held up, complicating the case for rate cuts and leaving the Fed with little room to maneuver.

Analysts point directly to tariff-driven price increases as a primary driver, meaning the inflation picture is unlikely to improve quickly as long as the current trade posture holds.


The administration's fresh spending request, which is tied to Iran-related defense needs and farm aid, adds to fiscal pressure at a moment when Congress is already wrestling with the budget reconciliation and the debt ceiling.


Apple raised prices on MacBooks and iPads, citing AI infrastructure costs — but markets weren't convinced. Analysts warn iPhones could face similar increases, putting the company's most important consumer product squarely in the tariff crosshairs.


Microsoft's gaming division becomes the latest consumer electronics brand to pass tariff-driven cost increases on to customers, extending a pattern now visible across the hardware sector.


The Swedish-designed, Chinese-owned EV maker is being effectively shut out of the American market — a cautionary case study for any automaker with Chinese equity ties navigating the current trade environment.


Revised GDP figures came in ahead of expectations — a genuine bright spot, though economists caution the full tariff impact on growth has yet to show up in the data.
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