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Happy June! And sorry about your stock portfolio, which probably isn’t looking too hot after President Trump’s latest tariff threats. Here’s what you need to know about the week’s business news.

MAY 26-june 1

What’s Up?

Not All Losses Are Bad

Uber has taken some knocks lately. Less than a month after the ride-hailing company’s lukewarm initial public offering, its shares have fallen more than 10 percent . And according to its first-quarter earnings report, released on Thursday, Uber is seeing its slowest growth in years and lost more than $1 billion so far in 2019. But it still won’t tolerate rudeness. Uber also announced that riders with “significantly below average” ratings (yes, the rating system goes both ways) will get thrown off the app. (The announcement came after a Lyft passenger was caught on camera attacking a driver for not going faster.) It’s unclear how bad a rating would merit expulsion, but Uber says riders will get a couple of warnings before they’re officially banned.

Merge Right

It’s a rough world out there for car manufacturers, what with all these tariffs and ride-sharing apps flying around, so why not band together? At least that’s what Fiat Chrysler’s chairman might have been thinking when he officially invited Renault to merge with his company last Monday after several weeks of private talks. The trans-Atlantic coupling would create the world’s third-largest automaker, second only to Toyota and Volkswagen. The elephant in the room? That would be Nissan, Renault’s formal partner. The companies’ relationship has frayed since Nissan’s chairman, Carlos Ghosn, was arrested last year. If they can all mend fences, the resulting juggernaut would be the world’s largest car manufacturer by a wide margin, and force other players in the industry to rethink their business strategies.

Equal Opportunity for Diaper Duty

As of this week, one less group may have cause to complain about their terrible parental leave policy. JPMorgan Chase reached a tentative settlement with a father who sued the bank for denying him the 16 weeks of paid leave that it offers to new mothers. The bank also agreed to create a $5 million fund to compensate up to about 5,000 dads who were shortchanged in the past. The case sets an important legal precedent for corporate parental-leave policies to become more gender neutral.