Orders placed with US factories for business equipment rose by more than forecast in April, indicating firms are still focused on making long-term investments despite an uncertain outlook and high borrowing costs.

The US Department of Commerce is continuing an investigation into Applied Materials Inc.’s shipments to Chinese customers, part of a broader effort to ensure that increasingly strict trade restrictions against the Asian nation are effective.

President Joe Biden plans to extend tariff exemptions on hundreds of products from China for two weeks as a transition period before reimposing duties on some of them, and will continue exclusions for some others until the middle of next year, the office of the US Trade Representative said.

The FAA Reauthorization Act of 2024 (the Act), recently signed into law, is neutral for U.S. airport credit, Fitch Ratings says. While the Act adds to annual levels of federal capital funding for airport infrastructure improvements, it is not likely to lead to significant changes to U.S. airport finances.