NPR News Now covers the breakdown of U.S.-Canada trade talks, resulting in new tariffs and retaliatory measures. Markets dipped as federal debt hit $40 trillion and inflation concerns persisted, though Moderna’s stock surged. The episode also reports on a deadly Russian drone attack in Ukraine and subsequent Ukrainian strikes. Additionally, it details an IndyCar race in Washington D.C., water cuts in the West, and Mexico’s Sinaloa governor resuming duties despite U.S. indictments.