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FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts

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FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts
ENT

ENT

FireAid, with Billie Eilish and Lady Gaga, is the latest in a long line of massive benefit concerts

2025-01-29 23:11 Last Updated At:23:32

FireAid, featuring Billie Eilish, Lady Gaga, Sting, Red Hot Chili Peppers and others in a fundraiser for Los Angeles-area wildfire relief efforts, is the latest event to combine music and philanthropy.

Thursday’s concerts at the Intuit Dome and Kia Forum in Inglewood, California, will be streamed on YouTube, Prime Video, Apple TV+, and numerous other sites, but whether the fractured cultural landscape will unite around them the way it has in the past remains to be seen. Benefit concerts have come a long way since George Harrison’s “The Concert for Bangladesh” at Madison Square Garden in 1971.

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FILE - George Michael, from left, concert promoter Harvey Goldsmith, Bono of U2, Paul McCartney, concert organizer Bob Geldof and Freddie Mercury of Queen join in the finale of the Live Aid famine relief concert, at Wembley Stadium, London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE - George Michael, from left, concert promoter Harvey Goldsmith, Bono of U2, Paul McCartney, concert organizer Bob Geldof and Freddie Mercury of Queen join in the finale of the Live Aid famine relief concert, at Wembley Stadium, London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE -David Bowie, front left, and Bob Geldof, right right, appear at the end of the London part of the Live Aid famine relief concert at Wembley Stadium in London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE -David Bowie, front left, and Bob Geldof, right right, appear at the end of the London part of the Live Aid famine relief concert at Wembley Stadium in London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE - Willie Nelson performs at Farm Aid 2002 in Burgettstown, Pa., Saturday, Sept. 21, 2002. (AP Photo/Jasmine Gehris, File)

FILE - Willie Nelson performs at Farm Aid 2002 in Burgettstown, Pa., Saturday, Sept. 21, 2002. (AP Photo/Jasmine Gehris, File)

FILE - Willie Nelson entertains the audience while performing at the Farm Aid Concert in Camden, N.J. on Saturday, Sept. 30, 2006. (AP Photo/Tim Larsen, File)

FILE - Willie Nelson entertains the audience while performing at the Farm Aid Concert in Camden, N.J. on Saturday, Sept. 30, 2006. (AP Photo/Tim Larsen, File)

FILE - Singer Willie Nelson speaks during a news conference on July 28, 1995, in Louisville, Ky., where it was announced Louisville had been selected as the site for Farm Aid's 10th anniversary concert. (AP Photo/Ed Reinke, File)

FILE - Singer Willie Nelson speaks during a news conference on July 28, 1995, in Louisville, Ky., where it was announced Louisville had been selected as the site for Farm Aid's 10th anniversary concert. (AP Photo/Ed Reinke, File)

FILE - Jesse Ed Davis, center right, a guitarist of Kiowa and Comanche ancestry, performs with George Harrison, left, formerly of the Beatles, at the Concert For Bangladesh at Madison Square Garden in New York on Aug. 1, 1971. (AP Photo/Jim Wells, File)

FILE - Jesse Ed Davis, center right, a guitarist of Kiowa and Comanche ancestry, performs with George Harrison, left, formerly of the Beatles, at the Concert For Bangladesh at Madison Square Garden in New York on Aug. 1, 1971. (AP Photo/Jim Wells, File)

FILE - Willie Nelson smiles backstage during the 25th anniversary Farm Aid concert in Milwaukee on Oct. 2, 2010. (AP Photo/Jeffrey Phelps, File)

FILE - Willie Nelson smiles backstage during the 25th anniversary Farm Aid concert in Milwaukee on Oct. 2, 2010. (AP Photo/Jeffrey Phelps, File)

FILE - Signage for the "12-12-12" concert is displayed on the Madison Square Garden jumbotron, Tuesday, Dec. 11, 2012, in New York. (AP Photo/John Minchillo, File)

FILE - Signage for the "12-12-12" concert is displayed on the Madison Square Garden jumbotron, Tuesday, Dec. 11, 2012, in New York. (AP Photo/John Minchillo, File)

Here’s a look at some of the biggest:

British rockers Bob Geldof and Midge Ure expanded their Band Aid charity single “Do They Know It's Christmas?” into daylong concerts in London and Philadelphia, starring dozens of music’s biggest stars — from Paul McCartney, David Bowie and Queen to Madonna, U2 and Tina Turner.

CAUSE: Ethiopian famine

IMPACT: The concerts, broadcast live to 150 countries, eventually raised $140 million and awareness of the need in Ethiopia. The fundraiser also showed the power of pop music to inspire action, leading to decades of similar events.

John Mellencamp, Willie Nelson and Neil Young took the Band Aid template and applied it to small farms in the Heartland, with performances from the organizers, as well as Loretta Lynn and Tom Petty & The Heartbreakers, before becoming an annual fundraiser.

CAUSE: U.S. family farms

IMPACT: The concerts have raised $80 million over the years to help family farms survive and build a market for the food they produce.

To rally support and resources for a New York City dazed by a terrorist attack on the World Trade Center, Paul McCartney united famous friends and Big Apple neighbors — David Bowie, Billy Joel, Jay-Z, The Who and others — at Madison Square Garden for a defiant celebration of heroes and a memorial for those who were lost.

CAUSE: The 9/11 attacks

IMPACT: The concert and associated merchandise raised $35 million distributed by The Robin Hood Foundation to the families of those killed or injured in the World Trade Center attacks.

After the massive Hurricane Sandy stunned the Northeast with both wind and flooding damage and more than 70 deaths, Bruce Springsteen, Paul McCartney, Billy Joel and The Who banded together to raise funds at Madison Square Garden and raise spirits in the region mired in months of cleanup.

CAUSE: Hurricane Sandy aid

IMPACT: The concert and associated merchandise sales raised $50 million, distributed by The Robin Hood Foundation to nonprofits supporting residents as they started to rebuild.

After a suicide bomber attacked an Ariana Grande performance, killing 22 concertgoers, Grande returned to Manchester, England, to raise funds for those injured or killed in the attack. Grande headlined the concert, which also included performances by Coldplay, Miley Cyrus, Katy Perry, Justin Bieber, and Robbie Williams.

CAUSE: Survivors of the Manchester bombing

IMPACT: The concert, broadcast in 38 countries, raised $24.5 million for those affected by the bombing.

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

FILE - George Michael, from left, concert promoter Harvey Goldsmith, Bono of U2, Paul McCartney, concert organizer Bob Geldof and Freddie Mercury of Queen join in the finale of the Live Aid famine relief concert, at Wembley Stadium, London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE - George Michael, from left, concert promoter Harvey Goldsmith, Bono of U2, Paul McCartney, concert organizer Bob Geldof and Freddie Mercury of Queen join in the finale of the Live Aid famine relief concert, at Wembley Stadium, London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE -David Bowie, front left, and Bob Geldof, right right, appear at the end of the London part of the Live Aid famine relief concert at Wembley Stadium in London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE -David Bowie, front left, and Bob Geldof, right right, appear at the end of the London part of the Live Aid famine relief concert at Wembley Stadium in London on July 13, 1985. (AP Photo/Joe Schaber, File)

FILE - Willie Nelson performs at Farm Aid 2002 in Burgettstown, Pa., Saturday, Sept. 21, 2002. (AP Photo/Jasmine Gehris, File)

FILE - Willie Nelson performs at Farm Aid 2002 in Burgettstown, Pa., Saturday, Sept. 21, 2002. (AP Photo/Jasmine Gehris, File)

FILE - Willie Nelson entertains the audience while performing at the Farm Aid Concert in Camden, N.J. on Saturday, Sept. 30, 2006. (AP Photo/Tim Larsen, File)

FILE - Willie Nelson entertains the audience while performing at the Farm Aid Concert in Camden, N.J. on Saturday, Sept. 30, 2006. (AP Photo/Tim Larsen, File)

FILE - Singer Willie Nelson speaks during a news conference on July 28, 1995, in Louisville, Ky., where it was announced Louisville had been selected as the site for Farm Aid's 10th anniversary concert. (AP Photo/Ed Reinke, File)

FILE - Singer Willie Nelson speaks during a news conference on July 28, 1995, in Louisville, Ky., where it was announced Louisville had been selected as the site for Farm Aid's 10th anniversary concert. (AP Photo/Ed Reinke, File)

FILE - Jesse Ed Davis, center right, a guitarist of Kiowa and Comanche ancestry, performs with George Harrison, left, formerly of the Beatles, at the Concert For Bangladesh at Madison Square Garden in New York on Aug. 1, 1971. (AP Photo/Jim Wells, File)

FILE - Jesse Ed Davis, center right, a guitarist of Kiowa and Comanche ancestry, performs with George Harrison, left, formerly of the Beatles, at the Concert For Bangladesh at Madison Square Garden in New York on Aug. 1, 1971. (AP Photo/Jim Wells, File)

FILE - Willie Nelson smiles backstage during the 25th anniversary Farm Aid concert in Milwaukee on Oct. 2, 2010. (AP Photo/Jeffrey Phelps, File)

FILE - Willie Nelson smiles backstage during the 25th anniversary Farm Aid concert in Milwaukee on Oct. 2, 2010. (AP Photo/Jeffrey Phelps, File)

FILE - Signage for the "12-12-12" concert is displayed on the Madison Square Garden jumbotron, Tuesday, Dec. 11, 2012, in New York. (AP Photo/John Minchillo, File)

FILE - Signage for the "12-12-12" concert is displayed on the Madison Square Garden jumbotron, Tuesday, Dec. 11, 2012, in New York. (AP Photo/John Minchillo, File)

BANGKOK (AP) — Asian shares fell back on Thursday despite a rebound on Wall Street fueled by an encouraging update on U.S. consumer prices.

U.S. futures fell and oil prices were little changed.

Chinese markets led the decline as investors watched for the next steps in President Donald Trump’s trade war. Hong Kong's Hang Seng index shed 0.6% to 23,463.92, while the Shanghai Composite index lost 0.4% to 3,358.73.

Tokyo's Nikkei 225 gave up early gains to close 0.1% lower at 37,790.03.

South Korea's Kospi edged 0.1% lower, to 2,573.64. In Australia, the S&P/ASX 200 lost 0.5% to 7,749.10.

Taiwan's Taiex shed 1.4% and the Sensex in India edged 0.1% lower. Bangkok's SET rose 0.2%.

On Wednesday, the S&P 500 gained 0.5% to 5,599.30 after skidding between an early gain of 1.3% and a later loss. The unsettled trading came a day after the index briefly fell more than 10% below its all-time high set last month.

The Dow Jones Industrial Average also pinballed sharply before ending with a loss of 0.2% at 41,350.93. The Nasdaq composite climbed 1.2% to 17,648.45.

The inflation report showed overall prices rose less for U.S. consumers last month than economists expected.

Companies in the artificial-intelligence industry led gains, bouncing back after AI stocks got crushed recently by worries their prices had gone too stratospheric.

Nvidia climbed 6.4% to trim its loss for the year so far to 13.8%. Server-maker Super Micro Computer rose 4%, and GE Vernova, which is helping to power AI data centers, gained 5.1%.

Elon Musk’s Tesla, whose price had more than halved since mid-December, rallied 7.6% for its first back-to-back gain in nearly a month.

But more stocks in the S&P 500 fell than rose. Among the hardest hit were businesses that could be set to feel pain because of Trump’s trade war.

Brown-Forman, the company behind Jack Daniel’s whiskey, tumbled 5.1%, and Harley-Davidson sank 5.7%.

U.S. bourbon and motorcycles are among the products the European Union is targeting with its own tariffs on U.S. products. The moves were in response to Trump’s 25% tariffs on steel and aluminum that kicked in earlier in the day.

Canada also hit back with tariffs announced on U.S. tools, sports equipment and other products.

“We deeply regret this measure,” European Union President Ursula von der Leyen said. “Tariffs are taxes. They are bad for business, and worse for consumers.”

The question hanging over Wall Street is how much pain Trump will let the economy endure through tariffs and other policies.

Even if Trump ultimately goes with milder tariffs, damage could still be done. The dizzying barrage of on -again, off -again announcements on tariffs has already begun sapping confidence among U.S. consumers and businesses by ramping up uncertainty. That could cause U.S. households and businesses to spend less, hurting the economy.

On Tuesday, for example, Trump said he would double 25% tariffs announced on Canadian steel and aluminum, only to walk it back later in the day after a Canadian province pledged to drop a retaliatory measure that had incensed Trump.

Several U.S. businesses have said they’ve already begun seeing a change in behavior among their customers.

Delta Air Lines sank 3% to compound its drop of 7.3% from the prior day, when the carrier said it’s seeing demand weaken for close-in bookings for its flights.

Casey’s General Stores, the Ankeny, Iowa-based company that runs nearly 2,900 convenience stores in 20 states, offered some encouragement. Its stock rose 6.2% after it reported stronger profit and revenue for the latest quarter than analysts expected thanks in part to strength for sales of hot sandwiches and fuel. It also kept steady its forecast for upcoming revenue this year.

Wednesday’s inflation report came at a time when worries are mounting that Trump’s tariffs will drive prices even higher as U.S. importers pass on their costs to their customers.

It’s also helpful for the Federal Reserve, which had been cutting interest rates last year to boost the economy before pausing this year, partly because of concerns about stubbornly high inflation.

In other dealings early Thursday, U.S. benchmark crude oil lost 9 cents to $67.58 per barrel. Brent crude, the international standard, gave up 5 cents to $70.90 per barrel.

The U.S. dollar fell to 147.78 Japanese yen from 148.25 yen. The euro fell to $1.0884 from $1.0887.

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

Trader John Romolo works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

Specialist James Denaro works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

Specialist James Denaro works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

Trader Fred DeMarco works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

Trader Fred DeMarco works on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

A pair of traders work on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

A pair of traders work on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

A specialist works at his post on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

A specialist works at his post on the floor of the New York Stock Exchange, Wednesday, March 12, 2025. (AP Photo/Richard Drew)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 13, 2025. (AP Photo/Ahn Young-joon)

A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 13, 2025. (AP Photo/Ahn Young-joon)

The German stock index, DAX, is pictured at the stock market in Frankfurt, Germany, Wednesday, March 12, 2025. (AP Photo/Michael Probst)

The German stock index, DAX, is pictured at the stock market in Frankfurt, Germany, Wednesday, March 12, 2025. (AP Photo/Michael Probst)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 13, 2025. (AP Photo/Ahn Young-joon)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 13, 2025. (AP Photo/Ahn Young-joon)

The German stock index, DAX, is pictured at the stock market in Frankfurt, Germany, Wednesday, March 12, 2025. (AP Photo/Michael Probst)

The German stock index, DAX, is pictured at the stock market in Frankfurt, Germany, Wednesday, March 12, 2025. (AP Photo/Michael Probst)

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