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PRESS DIGEST- New York Times business news - February 28

ReutersFeb 28, 2025 6:23 AM

- The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- U.S. President Donald Trump said on Thursday that his proposed 25% tariffs on Mexican and Canadian goods will take effect on March 4 along with an additional 10% duty on Chinese imports as drugs continues to pour into the U.S. from those countries "at very high and unacceptable levels".

- The U.S. Consumer Financial Protection Bureau on Thursday dropped the lawsuit against Capital One COF.N along with five other financial services companies accused of wrongdoing under the prior administration.

- ChatGPT developer OpenAI said on Thursday it has released a research preview of its latest GPT-4.5 model for its Pro users and developers worldwide, with plans to expand access in the coming weeks.

- The Securities and Exchange Commission said on Thursday that the novelty digital assets memecoins were not subject to regulatory oversight as they are not considered securities.

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