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Harley-Davidson will shift some production of its iconic motorcycles overseas to avoid retaliatory tariffs imposed by the European Union in response to President Trump’s trade moves. European tariffs on its motorcycles have increased from 6 percent to 31 percent, adding about $2,200 to every motorcycle exported from the U.S. The Harley move represented a slap in the face for Trump, who has hosted company executives at the White House and has repeatedly praised the company for building its motorcycles in America; the president attacked the company in a late-afternoon tweet: “Surprised that Harley-Davidson, of all companies, would be the first to wave the White Flag.” Stock indexes fell sharply, apparently spooked by signs that the growing trade war could have a negative impact on American companies. [Alan Rappeport and Amie Tsang / The New York Times]
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Andreessen Horowitz has finally hired a woman as a general partner. Katie Haun, a former federal prosecutor who has been helping crypto startups deal with the government, is joining the high-profile venture capital firm. Haun will join Chris Dixon, Andreessen’s other top crypto investor, as part of a major new push by the blue-chip firm into the sector full-time. Andreessen also confirmed a separate $300 million fund that would invest in startups, digital currencies and crypto-related projects. [Theodore Schleifer / Recode]
Meet the man whose job it is to reassure people that Google search isn’t evil. After retiring last year from his reporting job as founder of Search Engine Land, Sullivan — called by some “the father of search engine marketing” — joined Google as a “search liaison.” As the bridge between Google’s engineers and the outside world, part of Sullivan’s new gig is to publicly explain Google’s search algorithms, which have produced a string of high-profile mistakes in recent months. [Jillian D’Onfro / CNBC]
Analyst Benedict Evans offers some ways to think about machine learning. [Benedict Evans]
The first-ever medical treatment derived from marijuana will hit the U.S. market in a few months. The Food and Drug Administration approved GW Pharmaceuticals Plc’s Epidiolex to treat two rare forms of childhood epilepsy; made in the U.K., the liquid is made from a compound in the marijuana plant called cannabidiol, a different chemical from tetrahydrocannabinol, or THC, which gets users high. [Anna Edney / Bloomberg]
Recode Presents ...
Code Commerce is coming back to New York City in September with Shopify CEO Tobi Lutke, who leads what might be the most under-the-radar $17 billion company in the retail and e-commerce space, one that is powering the next generation of breakout consumer brands. We’ll announce many more speakers over the next few weeks, but even with the seats we’re adding, we expect this year’s Code Commerce event to sell out, just like last year’s. You should register today and take advantage of our first-mover pricing.
Top stories from Recode
People spend almost as much time on Instagram as they do on Facebook.
Snapchat isn’t far behind.
Let’s make telemedicine available to all.
If we can keep people from having to make costly and unnecessary trips to the hospital by bringing the care to them, then we must do that.
Do you have questions about how virtual reality could change video games? Kara Swisher and her son Louie will be trying a new VR arcade game for this week’s Too Embarrassed to Ask, so send us your Qs! You can tweet them to @recode with the hashtag #TooEmbarrassed or email them to TooEmbarrassed@recode.net.
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This article originally appeared on Recode.net.
