AP Business SummaryBrief at 7:55 p.m. EDT

Vineyards in NY wine country push sustainability as they adapt to climate change

PENN YAN, N.Y. (AP) — The Finger Lakes are home to New York’s largest wine-producing region, but vineyards there are struggling with the impacts of climate change. Owners also say looming tariffs, changes in U.S. environmental policy and shifting wine consumption habits all add to the challenges for the region. Tourists come to appreciate the sparkling, sapphire water and sip wine from some 130 wineries. Despite the challenges, however, many winegrowers are embracing sustainable practices, wanting to be part of the solution to combating climate change and hoping they can adapt to changing times.

With China and the US at intense economic odds, other nations are being forced to choose sides

WASHINGTON (AP) — As President Donald Trump’s trade war locks the world’s two largest economies on a collision course, America’s unnerved allies and partners are cozying up with China to hedge their bets. While the Swiss president was in Washington to lobby U.S. officials over Trump’s threatened 31% tariff on Swiss goods, the Swiss foreign minister was in Beijing expressing his nation’s willingness to strengthen cooperation with China and upgrade a free trade agreement. Trump’s trade push is upending a decade of American foreign policy toward rallying the rest of the world to join the United States against China. The Republican president’s actions threaten to hand Beijing more leverage in any eventual dialogue with the U.S.

Amazon launches its first internet satellites to compete against SpaceX's Starlinks

CAPE CANAVERAL, Fla. (AP) — Amazon's first internet satellites are in orbit. United Launch Alliance's Atlas rocket blasted off Monday from Florida, carrying 27 of Amazon's Project Kuiper satellites. It's the latest entry in the mega constellation market currently dominated by SpaceX's Starlinks. Amazon launched two test satellites in 2023. These upgraded new ones are coated with mirror film to scatter reflecting sunlight in an attempt to accommodate astronomers. Stargazers oppose these fast-growing satellite constellations, saying it spoils their observations. Amazon aims to put more than 3,200 of these satellites into orbit to provide fast, affordable broadband service around the globe.

How bugs and beet juice could play roles in the race to replace artificial dyes in food

ST. LOUIS (AP) — U.S. health officials are pushing to get artificial colors out of the nation's food supply. Sensient Technologies Corp. is one of the world's largest dyemakers. The company has seen a surge in businesses rushing to covert their products from synthetic to natural colors. The process to change from petroleum-based dyes to colors made from vegetables, fruits, flowers and even insects won't be cheap or easy. Health advocates have long called for the removal of the dyes. They cite mixed evidence that the colors are linked to behavior problems and obesity in kids.

Market turmoil has many afraid to check retirement savings

NEW YORK (AP) — As President Donald Trump's trade war has injected turmoil in financial markets, many retired and near-retired Americans are anxiously looking on, worried about outliving their savings or having to put off entries on their bucket lists. Many older investors are taking the advice of experts to fine-tune investments if necessary but avoid dramatic moves that would cement losses. It's hard for someone of any age to watch their account drop in value, but it can be especially tough on older people. Financial planner Tj Binkowski of Nashville, Tennessee, says that when you're retired, paper losses aren't just on paper anymore.

How to avoid credit card late fees after a court threw out a proposed cap

NEW YORK (AP) — A Texas judge has thrown out a federal rule that would have capped credit card late fees at $8. The Consumer Finance Protection Bureau finalized the rule last year as part of the Biden administration’s efforts to do away with what it called junk fees. It was paused by the courts before it could take effect. At the time, the CFPB estimated that American families would have saved more than $10 billion in late fees annually had the fees been capped at $8, significantly less than the $32 average. Banks and industry groups argued that the rule didn’t allow card issuers to charge fees high enough to deter late payments and discourage repeat violations.

Wall Street takes a breath ahead of another week full of potential swings

NEW YORK (AP) — U.S. stocks drifted to a mixed, quiet finish ahead of a week with several potential flashpoints that could bring more sharp swings for financial markets. The S&P 500 rose 0.1% Monday. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite slipped 0.1%. Later this week will come earnings reports from some of Wall Street’s most influential companies, including Amazon, Apple, Meta Platforms and Microsoft. Reports will also show how the U.S. economy performed during the first three months of the year and how many workers employers hired during April. Treasury yields fell in the bond market.

The EPA is allowing the sale of cheaper, higher-ethanol E15 gasoline across the US this summer

TOPEKA, Kan. (AP) — The Environmental Protection Agency says consumers across the U.S. will still be able to buy cheaper E15 gasoline this summer. The EPA announced Monday that it has issued an emergency waiver to allow sales of the higher-ethanol blend gasoline in all states after May 1. EPA Administrator Lee Zeldin signaled that he plans to keep a waiver in effect through Sept. 15, when E15 sales would typically be allowed in all states again. E15 gasoline with 15% ethanol is cheaper than E10 gasoline with a 10% blend. Environmentalists argue that allowing E15 sales year-round could potentially damage the air and water.

China shrugs off threat of US tariffs to economy, says it has tools to protect jobs

China's leaders have shrugged off the potential impact from U.S. President Donald Trump's trade war, saying they have the tools needed to protect jobs and limit damage from higher tariffs on Chinese exports. Several senior officials of different government ministries sought to shore up confidence with promises of support for companies and the unemployed, easier lending conditions and other policies to counter the impact of combined tariffs of up to 145% on U.S. imports from China. The briefing Monday followed a meeting of China’s powerful Politburo last week that analysts said had focused on ways to counter slowing exports due to higher costs in the all-important U.S. market.

Food delivery service Deliveroo surges following $3.6B proposed takeover offer from DoorDash

Shares of Deliveroo, the food delivery service based in London, are hitting three-year highs on Monday after it received a $3.6 billion proposed takeover offer from DoorDash. Deliveroo announced the bid after markets closed in Europe on Friday. On Monday, the company also said that it was suspending a $133.5 million share buyback it had announced last month.