US Launches Tariff Refund Website & Robots Outrun Humans in Half-Marathon
April 20, 2026
AI Summary
5 min readHere is a summary of the Morning Brew Daily episode from Monday, April 20th.
The episode covers a volatile weekend for global energy markets, the launch of a long-awaited government portal for tariff refunds, and a surprising victory for humanoid robots in a half-marathon in China. The hosts, Neil Freyman and Toby Howell, break down the implications of each development for businesses, consumers, and the broader geopolitical landscape.
Tariff Refund Portal Goes Live
The U.S. government launched a new website today called CAPE (Consolidated Administration and Processing of Entries), allowing businesses to apply for refunds on tariffs that were declared unconstitutional by the Supreme Court two months ago. The court ruled that the Emergency Powers Act could not be used to justify widespread tariffs, but it did not specify how to process the estimated $166 billion in refunds owed to importers.
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What you'll learn
- 1 (00:31) **Show Open & Boston Marathon** - Neil and Toby introduce the show and discuss the Boston Marathon, including a Nike sign controversy.
- 2 (02:39) **U.S. Tariff Refund Portal Goes Live** - The government launches the CAPE website for businesses to claim a share of $166 billion in refunded tariffs after a Supreme Court ruling.
- 3 (07:27) **Strait of Hormuz Remains Closed** - After a brief reopening, Iran closes the Strait of Hormuz again, causing oil prices to surge and worsening the global energy crisis.
- 4 (12:18) **Winner of the Weekend: Psychedelics Research** - Trump signs an executive order to accelerate research into psychedelics like LSD, MDMA, and ibogaine, peeling away red tape.
- 5 (18:45) **Winner of the Weekend: Robot Runners** - A bipedal humanoid robot wins a half marathon in Beijing with a time of 50:26, beating all 12,000 human runners and shattering the world record.
- 6 (22:28) **The Week Ahead: Kevin Warsh Confirmation** - Trump's nominee for Fed chair, Kevin Warsh, faces a Senate confirmation hearing on Tuesday, but a powerful Republican is vowing to block it.
- 7 (23:23) **The Week Ahead: Earnings Season** - Tesla, Boeing, Intel, and Procter & Gamble are among the companies reporting quarterly results, building on a strong start to the season.
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Guests on this episode
Show Notes
Episode 827: Neal and Toby preview the tariff-refund portal website that is supposed to launch where thousands of business owners recoup their part of the $166B estimated in refunds. Next, Iran closes the Strait of Hormuz again, deepening tensions and the energy crisis. Then, Trump signs an order to loosen restrictions on psychedelic drugs. And, humanoid robots race past humans in Beijing’s half marathon. Finally, what you need to know in the week ahead.
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