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A Wall Street Journal Scoop, the Biden administration plans to quadruple tariffs on Chinese

EVs.

And venture capitalists are playing matchmaker to stay ahead in the AI race.

There is a symbiotic relationship that exists here where startups can benefit a lot.

Even if a deal doesn't come about, they can benefit a lot from understanding what corporations need from technology these days.

Plus, Starbucks has a backseat driver, what it means for the business.

It's Friday, May 10th.

I'm Anne Marie Furtoli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world

today. Let's start with that Wall Street Journal scoop. The Biden administration is

preparing to raise tariffs on clean energy goods from China. According to people familiar with a matter, the announcement is expected on Tuesday

and will include roughly quadrupling the levy on Chinese electric vehicles.

Treasury Department and Economic Policy reporter Andy Dururen says U.S. officials are trying

to protect a nascent American clean energy industry from China.

The Biden administration is targeting these tariff increases clean energy products, so it's a range of things

...