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Hello! Here’s everything you need to know about the week’s business news, so you can make intelligent conversation with your friend’s know-it-all husband at the Tony Awards viewing party you may attend later. Enjoy the rest of your weekend.

JUNE 2-8

What’s Up?

A Line in the Sand

Those tariffs that President Trump threatened to slap on all imports from Mexico? They’re not happening after all. In an 11th-hour deal, Mexico agreed to “take unprecedented steps to increase enforcement to curb irregular migration,” which includes deploying its national guard throughout the country to stop migrants from reaching the United States, according to a United States-Mexico Joint Declaration. And it wasn’t a moment too soon. Mexico is the United States’ No. 1 trading partner, and tariffs would have damaged the economies of both countries. The were also unpopular with both parties in Congress, and Republican senators considered blocking the tariffs if Mr. Trump moved ahead with them.

YouTube’s Flip-Flop on Extremism

It was a week of reckoning for YouTube’s policies against hate speech. The company said on Wednesday that it would take down thousands of videos and channels that promote extremist ideologies like neo-Nazism and white supremacy. Or maybe it will just demonetize them by stripping them of ads? The details are still murky. Its efforts are in line with a growing push for online platforms to curb the spread of hate speech and misinformation. But in YouTube’s case, critics believe it’s too little, too late, and too clumsy. Earlier in the week, the company said that a certain video containing homophobic and racial slurs did not violate its policies, but after a backlash, it backpedaled and removed the clip.