Universal Tariffs Go from Bonkers to Blanket

This week: The UK and the US agreed to the framework for a trade deal. Felix Salmon, Emily Peck, and Elizabeth Spiers discuss the details of the agreement and what it means that it includes keeping the 10% baseline tariffs staying in place. Then, Bill Gates has announced that he's winding down the Gates Foundation and doubling the money he's giving away. The hosts discuss how this is a reaction to Elon Musk's slashing of USAID and the state of billionaire philanthropy. And finally, OpenAI has reversed its plan to become a for profit enterprise after public backlash.