Gophers redshirt freshman running back Jaydon Wright plans to enter the NCAA transfer portal, a source confirmed to the Pioneer Press on Monday.

Wright missed the 2024 season with an injury and has been sidelined during spring practices, as well. He is the third scholarship player to enter the portal this spring, following quarterback Zach Pyron and linebacker David Amaliri last week.

One element in the amount of departures is the Gophers’ need to trim its roster down to 105 players before next season. That is the expected requirement incoming from the House settlement with the NCAA.

Wright was a three-star prospect from Bishop McNamara Catholic School in Kankakee, Ill. 247Sports first reported the news on Wright.

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By STAN CHOE, Associated Press Business Writer

NEW YORK (AP) — U.S. stocks are sinking Monday as investors pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war and his criticism of the Federal Reserve.

The S&P 500 was 1.2% lower in early trading and back to 15% below its record set two months ago. The Dow Jones Industrial Average was down 430 points, or 1.1%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 1.5% lower.

Perhaps more worryingly, U.S. Treasury bonds and the value of the U.S. dollar also sank as a retreat continues from U.S. markets. It’s an unusual move because Treasurys and the dollar have historically strengthened during past episodes of nervousness. But this time around, it’s policies directly from Washington that are causing the fear and potentially weakening their reputations as some of the world’s safest investments.

Trump continued his tough talk on trade over the weekend, even as economists and investors continue to say his stiff proposed tariffs could cause a recession unless they’re rolled back.

“The golden rule of negotiating and success: He who has the gold makes the rules,” Trump said in all capitalized letters on his Truth Social Network. He also said that “the businessmen who criticize tariffs are bad at business, but really bad at politics,” also in all caps.

Trump has recently focused more on China, the world’s second-largest economy, which upped its own rhetoric against the world’s largest economy. China on Monday warned other countries against making trade deals with the United States “at the expense of China’s interest” as Japan, South Korea and other countries try to negotiate agreements that would lower U.S. tariffs on their own products.

“If this happens, China will never accept it and will resolutely take countermeasures in a reciprocal manner,” China’s Commerce Ministry said in a statement.

Also hanging over the market are worries about Trump’s anger at Federal Reserve Chair Jerome Powell. Trump last week criticized Powell again for not cutting interest rates sooner to help give the economy more juice.

The Fed has been resistant to lowering rates too quickly because it does not want to allow inflation to reaccelerate after it has slowed nearly all the way down to its 2% goal from more than 9% three years ago.

A move to fire Powell would likely send another bolt of fear through financial markets. While investors would love to see lower interest rates, because they would give at least a short-term boost to prices for stocks and other investments, the larger worry is that a less independent Fed would be less effective at keeping inflation under control in the long run. It would further weaken, if not kill, the United States’ reputation as the world’s safest place to keep cash.

On Wall Street, several Big Tech stocks helped lead indexes lower ahead of their latest earnings reports coming later this week.

Tesla sank 4.4%, for example. The electric vehicle’s stock came into Monday roughly 50% below its record set in December on criticism that its stock price had gone too high and that its brand has become too entwined with Elon Musk, who’s leading the U.S. government’s efforts to cut spending.

On the winning side of Wall Street were Discover Financial Services and Capital One Financial, which jumped after the U.S. government approved their proposed merger.

Discover rallied 4.6%, and Capital One rose 2.6%.

In the bond market, shorter-term Treasury yields fell as investors keep alive hopes that the Fed may cut its main overnight interest rate later this year in order to support the economy. But longer-term yields rose as doubts continue to rise about the United States’ standing in the global economy.

The yield on the 10-year Treasury rose to 4.38% from 4.34% at the end of last week and from just about 4% earlier this month. That’s a substantial move for the bond market.

The U.S. dollar’s value, meanwhile, fell against the euro, Japanese yen, the Swiss franc and other currencies.

In stock markets abroad, Tokyo’s Nikkei 225 fell 1.3%. Indexes fared better in Seoul, where stocks rose 0.2%, and in Shanghai, which saw a 0.4% gain.

AP Business Writer Elaine Kurtenbach contributed.

By SHEIKH SAALIQ, Associated Press

NEW DELHI (AP) — U.S. Vice President JD Vance arrived in India on Monday for a four-day visit as New Delhi looks to avoid U.S. tariffs, negotiate a bilateral trade deal with Washington and strengthen ties with the Trump administration.

Vance will meet Prime Minister Narendra Modi on the first day of his largely personal visit. The two leaders are expected to hold discussions on bilateral ties outlined in February when Modi met President Donald Trump in Washington.

U.S. Vice President JD Vance arrives in New Delhi, India, Monday, April 21, 2025. (Kenny Holston/The New York Times via AP, Pool)

The U.S. is India’s largest trading partner and the two countries are now holding negotiations aiming to seal a bilateral trade agreement this year.

They have set an ambitious target of more than doubling their bilateral trade to $500 billion by 2030. If achieved, the trade deal could significantly enhance economic ties between the two countries and potentially strengthen diplomatic ties as well.

Vance’s first visit to New Delhi comes amid the backdrop of Trump’s now-paused tariff program against most countries, including India. It also coincides with a rapidly intensifying trade war between Washington and Beijing, which is New Delhi’s main rival in the region.

Modi and Vance are expected to “review the progress in bilateral relations” and “exchange views on regional and global developments of mutual interest,” India’s Foreign Ministry said last week. On Monday, spokesperson Randhir Jaiswal said Vance’s visit will “further deepen the India–U.S. comprehensive global strategic partnership.”

Vance is combining business with pleasure on this trip

Vance was greeted with an Indian classical dance performance after he arrived at New Delhi’s Palam airport on Monday, following his visit to Rome, where he met Pope Francis on Easter Sunday. He is accompanied by his wife, Usha Vance, a practicing Hindu whose parents are from India, along with their three children and officials from the U.S. administration.

U.S. Vice President JD Vance and second lady Usha Vance arrive in New Delhi, India, Monday, April 21, 2025. (Kenny Holston/The New York Times via AP, Pool)

The family visited the Akshardham Hindu temple in New Delhi after their arrival and are expected to tour the iconic Taj Mahal monument and the 12th-century Amer Fort — a UNESCO world heritage site — during their trip.

India is important to the U.S. in counterbalancing Chinese influence

India is a close partner of the U.S. and an important strategic ally in combating the rising influence of China in the Indo-Pacific region. It is also part of the Quad, which is comprised of the U.S., India, Japan and Australia and is seen as a counterbalance to China’s expansion in the region. Trump is expected to attend a summit of Quad leaders in India later this year.

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Washington has long sought to develop a deeper partnership with New Delhi, which is seen as a bulwark against China. Modi particularly established a good working relationship with Trump during his first term in office and the two leaders are likely to further boost cooperation between their countries.

Modi was among the first leaders to visit the U.S. and hold talks with Trump after he returned to the White House. During his visit, he hailed a “mega partnership” with the U.S., and kickstarted a negotiation process to minimize the possible fallout of Trump’s tariffs.

The two leaders also said they planned to grow their defense partnership, with India signaling compliance with the Trump administration’s demands, saying it will purchase more oil, energy and defense equipment from the U.S. Modi also has cooperated with Trump’s moves to deport undocumented migrants as India has accepted many of its citizens from the U.S. in the past few months.

Regardless, Trump targeted India with a 26% levy, part of which has since been paused. However, he has continued to call India a “tariff abuser” and “tariff king.”

Trade talks are urgent for Delhi as it tries to avoid Trump’s tariffs

The trade negotiations are especially urgent for New Delhi as it could be hit hard by Trump’s tariffs, particularly in the agriculture, processed food, auto components, high-end machinery, medical equipment and jewelry sectors.

Harsh Vardhan Shringla, India’s former foreign secretary and ambassador to the U.S., said Vance’s visit comes at a time of global upheaval in world trade. He said ties between New Delhi and Washington could see an upsurge under Trump’s presidency, mainly in technology-sharing and defense.

“U.S. trade policy under Trump offers an opportunity for India to embed itself in a bigger way in the U.S. markets and global supply chains,” Shringla said.

Modi’s government is also hoping to attract investment from Tesla and SpaceX CEO Elon Musk.

Last month, Musk’s Starlink entered into agreements with two of India’s top telecom operators to provide satellite-based internet services. Musk also indicated he would visit India later this year after speaking last week with Modi, signaling there could be progress in the electric-car maker’s push to enter the Indian market.

India is also a major defense partner of the U.S. It has in recent years embedded advanced American jets, helicopters, missiles and military gear into its armed forces. The two countries have announced plans to sign a 10-year framework later this year for strengthening their defense partnership.

Associated Press writer Rajesh Roy contributed to this report.

By MICHAEL LIEDTKE, Associated Press Technology Writer

SAN FRANCISCO (AP) — As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago.

Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been on a see-sawing ride that has eviscerated trillions of dollars in shareholder wealth amid an onslaught of tariffs and other potentially detrimental actions.

It’s the polar opposite of what Apple CEO Tim Cook, Tesla CEO Elon Musk, Google CEO Sundar Pichai, Facebook founder Mark Zuckerberg and Amazon founder Jeff Bezos hoped for when they assembled behind Trump as he was sworn in.

That display of unity reflected a belief that Trump’s second stint in the White House would be a refreshing change from the heavy-handed regulation of President Joe Biden’s administration while unleashing even more lucrative opportunities in artificial intelligence and deal-making.

But the Trump administration’s policies so far have vexed Big Tech’s “Magnificent Seven” companies — a group consisting of Apple, Microsoft, Nvidia, Amazon, Tesla, Google parent Alphabet and Facebook parent Meta Platforms. Since Trump’s inauguration, the Magnificent Seven’s combined market value has plunged by $3.8 trillion, or 22%, as of April 20.

The financial damage was even more severe a few days after Trump’s April 2 unveiling of sweeping reciprocal tariffs that would have exacted a heavy toll on Big Tech’s supply chains in China and other key markets around the globe. A temporary freeze on the majority of the most punitive tariffs and an exemption from most of the fees on electronics coming in from China has provided some relief, but Trump has made it clear the reprieve may be short-lived.

That has left the specter of Trump’s ongoing trade war hanging over Big Tech, whose influence extends around the world.

“The mass confusion created by this constant news flow out of the White House is dizzying for the industry and investors and creating massive uncertainty and chaos for companies trying to plan their supply chain, inventory, and demand,” Wedbush Securities analyst Dan Ives said.

Besides the upheaval triggered by Trump’s tariffs, his administration is also in the midst of trying to prove regulators’ allegations that Meta has been running an illegal monopoly in social networking, and working to persuade a federal judge to break up Google after its search engine last year was found to be illegally abusing its power. Trump also has given no indication of abandoning antitrust lawsuits filed by the Biden administration that could hobble Apple and Amazon.

And Nvidia absorbed a significant setback last week when the Trump administration banned it from selling one of its popular AI chips to China, prompting the company to record a $5.5 billion charge to account for the stockpile of processors that it intended to export to that country.

Tech CEOs will get a chance to discuss the fallout from the trade war and other challenges still ahead during analyst conference calls that will be held as part of their companies’ financial reports for the January-March quarter.

The ritual will kick off Tuesday when Tesla is scheduled to release its full financial report after already revealing that its first-quarter car sales dropped by 13% from the same time last year.

The decline occurred against a backdrop of vandalism, widespread protests and calls for a consumer boycott amid a backlash to Musk’s high-profile role in the White House overseeing a cost-cutting purge of U.S. government agencies.

After Musk discusses his strategy for reversing a decrease in Tesla’s market value since he joined Trump in the White House, Google parent Alphabet Inc. is scheduled to announce its results on Thursday. Then four of the Magnificent Seven will get their turn next week: Amazon on April 29; Meta and Microsoft on April 30; and Apple on May 1.

Nvidia, which operates on a fiscal year ending in January, is scheduled to wrap things up on May 28 with the release of its quarterly results.