Targeted countries vow to hit back, and analysts predict “a significant supply shock” to the U.S. economy resulting in 1.2% lower GDP and 0.7% higher inflation.

Fueled by a generous tailwind from consumer spending, the growth supports the Fed’s view that the economy is strong—and interest rates do not need to be lowered rapidly.

The ERISA Industry Committee, along with two other industry groups, is seeking the dismissal of the drugmaker’s PRT class-action lawsuit over the transfer of its pension plan to Athene Annuity, alleging a breach of fiduciary duties.

Five key shifts that will impact global business over the next year—and what treasury should be doing to prepare for them.