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Futures contracts hit a record price after the president announced plans for a 50 percent tariff on the metal, driving up costs for businesses.

President Trump’s threats of steep tariffs on copper have roiled markets and worried businesses.Jon Cherry for The New York Times

Andrew here. On Tuesday, we told you about the backlash against the venture capitalist Shaun Maguire over his calling Zohran Mamdani an “Islamist.” Hundreds of people signed a petition demanding that his firm, Sequoia, censure him. Now a new letter is making the rounds with signatories supporting Maguire. “The calls to punish or remove him are part of a larger and worrying trend: ideological mobbing disguised as a moral virtue,” the letter reads. Clearly, the debate is not over, and we will be watching to see what happens next.

We’re also keeping a close eye on the

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