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White van at the centre of mass shooting

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The person found dead inside a white cargo van belongs to the suspect in the California mass shooting

Local reporters from American news networks have seen a body in the driver’s seat of the van, noting bullet holes in the driver’s side window, before the SWAT team entered the vehicle.

The Los Angeles Times is now reporting that “multiple law enforcement sources” said that “the driver had died of a self-inflicted gunshot wound”.

The suspect opened fire and killed at least 10 people, and injured several others.

The shooting incident occurred at a dance studio in Monterey Park, as people were celebrating the Lunar New Year on Saturday night local time.

Earlier today, a law enforcement tactical team moved in and started searching a white cargo van.

One officer was seen breaking the passenger side window, then reaching inside and opening the door. Officers then opened the side doors and started searching the vehicle.

Officers heard what they believed was the sound of the driver shooting himself during a standoff that started after officers pulled the van over.

This follows a standoff between the shooter and the police, in a nearby neighbourhood, with Police entering the white van.

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Tariffs disadvantage PepsiCo in cola competition with Coca-Cola

Trump’s tariffs disadvantage Pepsi as concentrate production in Ireland faces 10% levy, while Coca-Cola remains less affected.

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Trump’s tariffs disadvantage Pepsi as concentrate production in Ireland faces 10% levy, while Coca-Cola remains less affected.

In Short

PepsiCo is struggling in the soda market due to a new 10% tariff on its Irish concentrate, while Coca-Cola, which produces more domestically, gains a competitive edge.

Both companies face rising costs from a 25% aluminum tariff, contributing to concerns about increasing soda prices and market share for PepsiCo.

PepsiCo and Coca-Cola are currently facing challenges in the soda market, exacerbated by recent tariff changes.

PepsiCo manufactures most of its U.S. soda concentrate in Ireland, benefitting from low corporate taxes. However, the recent implementation of a 10% tariff on its concentrate has placed Pepsi at a disadvantage compared to Coca-Cola, which produces more of its concentrate domestically.

Coca-Cola has historically produced concentrate in both Ireland and the U.S., notably in Atlanta and Puerto Rico. This allows Coca-Cola to avoid the tariffs affecting Pepsi, impacting their competitive position in the market. Analysts suggest that the unforeseen tariffs have shifted the advantage towards Coca-Cola.

Riding prices

Additionally, both companies are facing a 25% tariff on aluminum imports, particularly concerning for Coca-Cola, which sources some aluminum from Canada. Rising prices for soda are a potential consequence of these tariffs.

PepsiCo’s market share has been declining, and the timing of these tariffs could hinder its efforts to regain footing in the U.S. soda market. They also have additional concentrate production in locations like Texas and Uruguay, but the company has not provided specific strategies for addressing the tariff impact.

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Trump’s economic goals may harm markets and consumers

Trump’s economic goals risk higher prices, interest rates, lower stock prices, and a weaker dollar, impacting consumers and investors.

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Trump’s economic goals risk higher prices, interest rates, lower stock prices, and a weaker dollar, impacting consumers and investors.

In Short

Trump’s economic goals aim to reduce the trade deficit, potentially harming the U.S. economy by decreasing capital inflows.

The shift may lead to reduced consumer spending, higher prices, and increased interest rates, with uncertain impacts on manufacturing and investment.

Trump’s economic goals centre on reducing the trade deficit, but this could lead to significant consequences for the U.S. economy.

The balance of payments requires a corresponding inflow of capital to offset trade deficits. Historically, foreign investment in American assets has supported this balance. However, Trump’s approach risks disrupting this dynamic, leading to diminished capital inflows.

Decreasing the goods deficit can occur in two ways. First, by sacrificing services, which could hurt sectors like Wall Street to strengthen manufacturing. Second, a reduced overall trade deficit means less foreign capital, necessitating more domestic savings.

Foreign savings

This shift towards savings will lead to reduced consumer spending. The reliance on foreign savings allowed higher consumption, but the new focus favors workers rather than consumers.

Market reactions could include increased prices and decreased product variety due to tariffs, regarded as the largest tax rise in decades. Higher interest rates may follow as diminished foreign capital necessitates domestic investment in Treasuries, impacting share prices.

Additionally, a weaker dollar could result if the U.S. economy weakens, affecting foreign investment. Concerns over the Federal Reserve’s independence may further undermine confidence in the dollar.

While a reduction in deficits through increased exports is theoretically possible, it remains uncertain if other economies will prioritise American products. The likelihood of significant manufacturing returns to the U.S. seems slim, suggesting that both investors and consumers could face challenges ahead.

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Zelenskyy: Russia feigns ceasefire amid ongoing attacks

Zelenskyy accuses Russia of faking a ceasefire as attacks persist despite Putin’s Easter truce announcement.

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Zelenskyy accuses Russia of faking a ceasefire as attacks persist despite Putin’s Easter truce announcement.

In Short

Ukrainian President Zelenskyy accused Russia of falsely claiming a ceasefire as attacks persist, reporting multiple incidents of shelling and assaults despite Putin’s temporary truce announcement.

Zelenskyy reaffirmed Ukraine’s offer to extend a truce while emphasising the need for Russia to respect ceasefire conditions.

Ukrainian President Volodymyr Zelenskyy accused Russia of falsely portraying a ceasefire situation. Despite Russian President Vladimir Putin’s recent declaration of a unilateral temporary truce for Easter, attacks have continued.

Zelenskyy stated that while there may be an impression of a ceasefire, Russian forces are still attempting to advance and cause damage. He reported 59 instances of shelling and five assaults by Russian units over the weekend, alongside numerous drone strikes.

The president highlighted the importance of Russia adhering to ceasefire conditions and reiterated Ukraine’s offer to extend the truce for an additional 30 days starting from midnight. He confirmed that this proposal remains open and that actions would be based on the situation on the ground.

Easter truce

In the Kherson region, officials claimed that Ukrainian forces continued their offensive, claiming attacks on civilian areas, which they asserted violated the Easter truce. This statement came from Moscow-appointed governor Vladimir Saldo.

Putin announced the ceasefire for humanitarian reasons, set to last from 6 p.m. on Saturday to midnight following Easter Sunday. However, he did not specify details regarding monitoring the ceasefire or its implications for airstrikes or ongoing ground battles.

The announcement followed comments from U.S. President Donald Trump, suggesting that negotiations between Ukraine and Russia are progressing.

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