President Donald Trump says the United States will suspend trade negotiations with Canada after Canada implemented a digital services tax on U.S. based companies.

Trump wrote on social media that because Canada has chosen to implement a tax on U.S.-based digital services, the U.S. would be ending trade discussion.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately. We will let Canada know the Tariff that the will be paying to do business with the United States of America within the next seven day period.”

The 3% tax will apply to revenue that U.S. tech companies generate from Canadian users. It applies retroactively, meaning companies like Apple, Google and Netflix will owe Canada $2 billion for services already rendered through June.

RELATED STORY | Tariff engineering: The legal way companies avoid paying higher import taxes

A White House official told Scripps News the decision aligned with policies set out in a memorandum from President Trump on February 21.

“My Administration will not allow American companies and workers and American economic and national security interests to be compromised by one-sided, anti-competitive policies and practices of foreign governments. American businesses will no longer prop up failed foreign economies through extortive fines and taxes,” the memorandum reads.

Scripps News has reached out to the White House for further comment.

“Digital Services Taxes are designed to unfairly target U.S. tech companies — punishing American innovation and costing our economy and companies tens of billions,” Commerce Secretary Howard Lutnick wrote. “Why do countries think they can attack our technology companies and then turn around and try to take advantage of our 30 Trillion dollar economy?”

Investing.com — Guggenheim raised its price target on Walt Disney (NYSE:DIS) Co to $140 from $120 on stronger-than-expected trends across sports advertising, theme parks, and progress on cost-cutting as the company pushes toward a more unified streaming strategy.

The brokerage maintained its Buy rating and now expects Disney’s segment operating income to reach $17.7 billion in fiscal 2024, slightly ahead of consensus at $17.65 billion.

That includes a lift in fiscal third-quarter operating income to $4.5 billion from a previous $4.4 billion forecast.

Guggenheim said its updated model reflects better profitability in Disney’s Linear Networks business after the Star India exit, higher-margin sports ad revenue during the seven-game NBA Finals, and more resilient park attendance and travel trends than previously forecast.

While recent films like Elio and Thunderbolts underperformed at the box office, the impact was partly offset by stronger expectations for the Lilo & Stitch remake.

Content licensing and theatrical revenue was trimmed, but Disney’s direct-to-consumer (DTC) earnings forecast was unchanged and remained above Wall Street estimates.

On the Sports side, the firm noted an increase in total viewership for the NBA Finals despite lower ratings per game. That pushed ad revenue estimates up, helping segment operating income reach $1 billion.

Theme park demand remained solid, with Guggenheim citing improving app engagement trends for both domestic and international parks.

Daily downloads declined less sharply in the U.S. and returned to growth overseas in the June quarter, according to the note.

Guggenheim said Disney’s full control of Hulu and the upcoming ESPN streaming launch set the stage for more aggressive bundling, positioning the company well to grow digital revenues amid a shift away from traditional TV.

The firm’s new price target is based on a 23.8x multiple of 2025 earnings, reflecting confidence in long-term growth in digital and parks operations.

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Jeremy Bloom, a Boulderite, ex-ski pro and former University of Colorado football standout who was tapped in late 2024 as the new CEO of the X Games, has raised $11 million from investors to commercialize The Owl AI, a technology platform introduced during January’s X Games in Aspen that uses artificial intelligence to judge sporting events such as a snowboarding halfpipe contest.

Xiaomi’s New Smart Band 10 Comes with a Bright Screen and Longer Battery Life

Xiaomi just showed off its latest Smart Band 10. It is a fitness band that makes its screen better but still keeps its good battery life. It can also track your heart pace when you swim.

Xiaomi Smart Band 10 Shows Its Screen and Build

Upgrades in Screen and Build

The Smart Band 10 has a 1.72-inch AMOLED screen, bigger than the older 1.62-inch one. This new screen is also brighter, going up to 1500 nits from 1200 nits before, and it has slim 2mm edges.

You can pick the Smart Band 10 in black, silver, pink, or green. Xiaomi gives you many strap options, from silicone to leather and metal. They even have a new soft “silk” band for more comfort. Plus, you can hang it around your neck like a pendant.

Health and Exercise Tracking

The Smart Band 10 keeps many of the same health features as before. It checks:

• Sleep, heart rate, SpO₂ (blood oxygen), women’s health, and stress.

It has over 150 exercise modes, including one for swimming to check heart rate.

It is water-safe to 5 ATM, so you can wear it in the shower or pool.

Battery Life

One big thing about the Xiaomi Smart Band 10 is its battery. It can go up to 21 days on one charge with normal use. If you keep the screen on all the time, it lasts about 9 days.

Price Details

Here’s what the Xiaomi Smart Band 10 costs in China:

• Basic model 269 yuan (about $38)
• NFC model 319 yuan (about $45)
• Ceramic model 379 yuan (about $53)

By MICHELLE L. PRICE, Associated Press

WASHINGTON (AP) — President Donald Trump said he’s immediately suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called “a direct and blatant attack on our country.”

Trump, in a post on his social media network on Friday, said that Canada had just informed the U.S. that it was sticking to its plan to impose the tax set to take effect Monday.

Mountain bikers, listen up: Garmin recently launched its latest cycling computer specifically tailored for you. The Edge MTB is designed to meet the unique needs of off-road riders.

For context, the Edge MTB represents a departure from Garmin’s traditional one-size-fits-all approach to cycling computers. This device focuses pretty exclusively on mountain biking scenarios, incorporating specialized tracking modes and trail-specific functionality that road cyclists would never need.

Here’s how the Edge MTB works, and what sets it apart from other cycling computers.

Profiles for different riding styles

The computer introduces two distinct ride profiles designed for different mountain biking disciplines. The “enduro” profile recognizes that mountain biking involves both climbing and descending phases, allowing riders to track these segments independently. Users can manually switch between climb and descent tracking with a button press, or rely on the automatic pause feature to handle the transitions.

The “downhill” profile addresses a common frustration among gravity-focused riders: the need to constantly pause and resume recording when using chairlifts or shuttle services. (Huge for us dual Strava-Garmin users). This mode intelligently filters out uphill travel that isn’t pedaled, so that only actual descent time and statistics are recorded. This eliminates the tedious ritual of manually pausing the device every time riders board a lift or hop in a shuttle vehicle.

Better GPS for winding trails

Both specialized profiles utilize 5 Hz GPS recording, providing more frequent position updates than standard cycling computers. This higher sampling rate translates to improved accuracy when tracking the technical, winding paths typical of mountain bike trails.

The device also introduces virtual gates functionality, enabling riders to set checkpoint markers along trails to monitor split times across specific segments—useful for training or comparing performance on familiar routes.

Trail navigation features

The Edge MTB comes equipped with Forksight, which displays approaching trail names as riders navigate through trail networks. The device ships with preloaded Trailforks maps, giving users immediate access to trail information without requiring additional downloads or subscriptions.

Other features and specs

According to Garmin, the Edge MBT’s battery performance reaches 14 hours of standard operation, extending to 26 hours with battery saver mode. It has a scratch-resistant Corning Gorilla Glass display and an IPX7 water resistance rating. Safety features include LiveTrack sharing and automatic incident detection.

The Edge MTB is available for $399.99, making it a mid-range option among Garmin’s cycling computer lineup. Mountain bikers are sure to appreciate a computer that does more than simply treat off-road cycling as simply road cycling in a different environment.