The daily business briefing: May 7, 2021
A post-Brexit U.K.-France fishing standoff intensifies, Twitter suspends Trump blog account for evading ban, and more

- 1. Post-Brexit fishing standoff intensifies between U.K., France
- 2. Twitter suspends Trump blog account for evading ban
- 3. Stock futures rise ahead of report on April job gains
- 4. Biden says compromise possible over corporate tax hike
- 5. Nearly 1 million have enrolled for ObamaCare coverage in special window

1. Post-Brexit fishing standoff intensifies between U.K., France
A post-Brexit standoff between the U.K. and France over fishing rights intensified on Thursday, as France sent two navy patrol boats to the British Channel Island of Jersey. The move followed Britain's decision to dispatch two of its military ships to the area a day earlier. Before the show of muscle, French Maritime Affairs Minister Annick Girardin told the country's lawmakers that the French government might cut power to Jersey, a tiny self-governing U.K. dependency between England and France. French fishermen are upset about tougher conditions on getting fishing licenses, and a group of French boats staged a protest Thursday in the Jersey port of St. Helier.
2. Twitter suspends Trump blog account for evading ban
Twitter said Thursday that it had suspended an account relaying posts from former President Donald Trump's new blog, on the grounds that it violated the company's rules against sidestepping its bans. Twitter and other social media organizations, including Facebook, blocked Trump's accounts in January over his alleged incitement of the deadly attack on the Capitol by a mob of his supporters seeking to overturn his election loss to President Biden. Facebook is still mulling whether to lift its ban some day, but Twitter made Trump's suspension permanent in the days after the Capitol riot. The new Trump account was @DJTDesk, short for his new "From the Desk of Donald J. Trump" web page.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. Stock futures rise ahead of report on April job gains
U.S. stock index futures edged higher early Friday ahead of an April jobs report expected to show a pickup in hiring as new coronavirus cases dropped, vaccinations climbed, the economy reopened, and Americans spent coronavirus relief checks. Futures for the Dow Jones Industrial Average, which rose to a record high close on Thursday, were up by 0.2 percent several hours before the opening bell. Futures tied to the S&P 500 and the tech-heavy Nasdaq also were up by roughly 0.2 percent. Economists polled by Reuters expected the Labor Department to report that U.S. employers added nearly 1 million workers in April to keep up with a surge in demand. The Labor Department on Thursday reported that jobless claims fell 92,000 last week to 498,000, a pandemic-era low.
4. Biden says compromise possible over corporate tax hike
President Biden said Thursday he was prepared to compromise on the corporate income tax hike he is proposing to help pay for his $2.3 trillion infrastructure plan. Biden has called for raising the rate, which was as high as 35 percent before former President Donald Trump's tax cuts, from 21 percent to 28 percent, but he said in Lake Charles, Louisiana, on Thursday that he was open to setting the rate between 25 percent and 28 percent. "Making sure the largest companies don't pay zero ... and reducing the, the tax cut to between 25 and 28 (percent), it's a couple hundred billion dollars. We can pay for these things," Biden said. Sen. Joe Manchin (D-W.Va.), a key moderate-Democrat swing vote, has said he opposes a 28 percent rate and has proposed 25 percent, instead.
5. Nearly 1 million have enrolled for ObamaCare coverage in special window
About 940,000 Americans enrolled in Affordable Care Act health-insurance coverage during the first 10 weeks of the Biden administration's special open enrollment period that started on Feb. 15, according to data released Thursday by Health and Human Services. Nearly half of those people signed up for ObamaCare coverage in April after Congress approved the latest coronavirus relief package, which added billions of dollars to boost health-insurance subsidies. The extra money reduced the average monthly premium for people signing up for coverage through Healthcare.gov to $86 for those signing up in April, down from $117 in February and March. Four million uninsured Americans now could qualify for plans that wouldn't require them to pay a premium, according to the Kaiser Family Foundation.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
-
Book reviews: ‘Red Scare: Blacklists, McCarthyism, and the Making of Modern America’ and ‘How to End a Story: Collected Diaries, 1978–1998’
Feature A political ‘witch hunt’ and Helen Garner’s journal entries
By The Week US Published
-
The backlash against ChatGPT's Studio Ghibli filter
The Explainer The studio's charming style has become part of a nebulous social media trend
By Theara Coleman, The Week US Published
-
Why are student loan borrowers falling behind on payments?
Today's Big Question Delinquencies surge as the Trump administration upends the program
By Joel Mathis, The Week US Published
-
'Like a sound from hell': Serbia and sonic weapons
The Explainer Half a million people sign petition alleging Serbian police used an illegal 'sound cannon' to disrupt anti-government protests
By Abby Wilson Published
-
The arrest of the Philippines' former president leaves the country's drug war in disarray
In the Spotlight Rodrigo Duterte was arrested by the ICC earlier this month
By Justin Klawans, The Week US Published
-
Ukrainian election: who could replace Zelenskyy?
The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
By Sorcha Bradley, The Week UK Published
-
Why Serbian protesters set off smoke bombs in parliament
THE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
By Rafi Schwartz, The Week US Published
-
Who is the Hat Man? 'Shadow people' and sleep paralysis
In Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
By The Week Staff Published
-
Why Assad fell so fast
The Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
By The Week UK Published
-
Romania's election rerun
The Explainer Shock result of presidential election has been annulled following allegations of Russian interference
By Sorcha Bradley, The Week UK Published
-
Russia's shadow war in Europe
Talking Point Steering clear of open conflict, Moscow is slowly ratcheting up the pressure on Nato rivals to see what it can get away with.
By The Week UK Published