Tariffs Driving Up Prices on Baby Products | Tailoring Businesses Eagerly Await New Pope | Bill Gates on Why He's Giving Away Virtually All of His Wealth by 2045

The cardinals electing the next pope will vote again Thursday afternoon after black smoke rose again from the Sistine Chapel Thursday, indicating no pope was selected in the conclave's latest round of voting. The secrecy surrounding the conclave hasn't stopped people from trying to predict the results. Three of the major betting markets alone have taken in more than $19 million in wagers. Known as papal vestments, the pope's official attire has long been made by two family-run tailoring businesses in Rome. They're eagerly waiting to watch white smoke rise from the Sistine Chapel and see a new pope emerge, possibly wearing the garments they created. The price tag of parenthood is becoming more expensive. Tariffs in the escalating trade war between China and the U.S. are driving up prices on baby products, impacting businesses and customers. CBS News' Jo Ling Kent reports. CBS News' Elizabeth Palmer reports on how Russia's wartime past is being honored even as the fight in Ukraine continues.
Billionaire businessman and philanthropist Bill Gates tells "CBS Mornings" co-host Tony Dokoupil about his plans to give away $200 billion through the Gates Foundation over the next 20 years. He also criticized the Trump administration's foreign aid cuts, saying they will lead to millions more child deaths worldwide. Actor Lovie Simone discusses her lead role in "Forever," a new Netflix series exploring teenage romance and self-discovery in 2018 Los Angeles.

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