World Business
The latest World Business coverage from the Chattanooga Times Free Press, part of our Business section.
More in World Business, page 53
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South Korea says US agrees to let Koreans work at sites with short-term visas and visa waivers
The United States has agreed to allow South Korean workers on short-term visas or a visa waiver program to help build industrial sites in America, Seoul’s Foreign Ministry said Wednesday.

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Electric vehicles face a ‘pretty dreadful year’ in the U.S.
The key factor that nudged Dan McGrath and his wife to lease a Hyundai Ioniq 5 SUV in August was the impending end of a $7,500 federal tax credit available to people who get a new electric vehicle.

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Pfizer agrees to lower prescription drug costs for Medicaid in a deal with Trump
Pfizer has agreed to lower the cost of prescription drugs for Medicaid under a deal struck with the Trump administration, President Donald Trump said Tuesday as he promised similar deals with other drugmakers under the threat of tariffs.

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Amazon unveils new generation of AI-powered Kindle and other devices
Online juggernaut Amazon Inc. unveiled its next generation of Kindle, Ring and Echo devices, among other gadgets, that are all powered by artificial intelligence and connected to Alexa+, its AI-infused personal assistant, which made its debut in February.

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Spotify founder steps down from CEO role
Spotify said Tuesday that founder Daniel Ek is stepping down as CEO to become the executive chairman, in an announcement that sent its shares sliding in Tuesday trading.

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Trump’s trade battle with China puts US soybean farmers in peril
The leafy soybean plants reach Caleb Ragland's thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn't know where he and others like him will sell their crop because China has stopped buying.

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After massive shrimp recalls, the FDA finds radioactive contamination in spices too
Federal regulators have detected possible radioactive contamination in a second food product sent to the U.S. from Indonesia, even as recalls of potentially tainted shrimp continue to grow.

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Trump finds new trade targets — pharmaceuticals, kitchen cabinets and heavy trucks
Naturepedic, a mattress and furniture company based outside Cleveland, has been planning to introduce an upscale upholstered headboard late this year or early in 2026.

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Trump’s pharma tariffs would spare richest drugmakers while punishing some small ones
President Donald Trump likes to talk about taking on the biggest pharmaceutical companies and bringing manufacturing home.
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Trump signs executive order supporting proposed deal to put TikTok under US ownership
President Donald Trump signed an executive order Thursday that he says will allow TikTok to continue operating in the United States in a way that meets national security concerns.
