00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Costco said it will add former Biden administration commerce secretary Gina Raimondo
00:07to its board of directors, according to CNBC.
00:11The announcement followed the company's federal lawsuit seeking the return of tariff payments
00:16imposed by Trump under the International Emergency Economic Powers Act.
00:20Costco chairman Tony James said Raimondo's background in global business,
00:25politics, and international security will strengthen the board's expertise.
00:28Costco asked the Court of International Trade to order repayment now due to concerns it may not
00:34recover the money, even if the Supreme Court ultimately rules the tariffs unlawful.
00:38The court consolidated Costco's case with 19 similar lawsuits on Wednesday.
00:43For all things money, visit Benzinga.com.
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