NPR News Now covers the collapse of U.S.-Canada trade talks, prompting Canadian retaliatory tariffs, and anticipates Fed Chair Kevin Warsh’s speech on inflation amid bond market turmoil. The episode also details a new two-year management plan to reduce water usage on the shrinking Colorado River. Additionally, it reports on a study linking new album releases to increased distracted driving fatalities and previews an upcoming auction of Freddie Mercury memorabilia.