Race the rudder. Raise the sails. Raise the sales.

Captain, an unidentified chip approaching. Over.

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Reach sales professionals, not professional sailors.

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President Trump is replacing the acting IRS commissioner he appointed just three days ago.

Plus, for lower-income shoppers, dollar store prices aren't as attractive as they used to be.

Some are, if they can, trading down to even lower cost options.

And when they've already traded down, they are cutting back on how much they are spending.

And how some U.S. businesses are passing tariff costs onto customers. It's Friday, April 18th.

I'm Pierre Bienname for the Wall Street Journal, filling in for Alice Oscella. This is the PM edition

of What's News, the top headlines and business stories that moved the world today.

We exclusively report that the Trump administration is pressing Harvard University to turn over records on the money it receives from foreign sources going back a decade.

It's the latest move in the White House's growing pressure

campaign against the country's most prominent university. Secretary of Education Linda McMahon

said in a statement that the request is meant to, quote, ensure Harvard is not being manipulated

by or doing the bidding of foreign entities. An education department letter to the school presented no evidence that that was

occurring. In a written statement, Harvard said it has filed such reports for decades, quote,

as part of its ongoing compliance with the law. Federal law requires universities to report

donations from foreign sources of more than $250,000.

...