Plus: The Justice Department is investigating UnitedHealth Group for possible Medicare fraud. And Dick’s Sporting Goods nears a deal to buy Foot Locker for roughly $2.3 billion. Kate Bullivant hosts.
P.M. Edition for May 14. The U.S. president has fired the librarian of Congress and is seeking to install members of his administration. National political reporter Ken Thomas describes the power struggle between the branches of government. And Saudi Arabia’s national oil company, Aramco, says it has signed 34 agreements with U.S. companies with a potential value of $90 billion. Plus, Ukraine and Russia can’t agree on who will meet where— if at all —for peace talks, scheduled for Thursday. Pierre Bienaimé hosts.
Plus: Germany foils an alleged Russian act of sabotage. And Novo Nordisk strikes a $2.2 billion deal to develop obesity pills with U.S. biotech Septerna.
A.M. Edition for May 14. We head to a gathering of top global retailers to hear why this week’s 90-day tariff rollback by the U.S. and China isn’t delivering the long-term certainty businesses are looking for. Plus, President Trump met with the new president of Syria, marking a major turning point in global recognition of the country’s leadership. And the U.S. reverses Biden-era export controls on advanced AI chips. Luke Vargas hosts.
U.S. stocks end mostly higher after the consumer-price index shows prices rose 2.3% in the 12 months through April. Plus: Coinbase shares surge on news the crypto exchange will join the S&P 500. And shares of Boeing rise after China lifts a ban on new deliveries of the company’s planes. Pierre Bienaimé hosts.
P.M. Edition for May 13. Companies seek to access foreign-trade zones as they navigate rising U.S. tariffs. WSJ news associate Owen Tucker-Smith reports on how the country’s roughly 260 foreign-trade zones allow them to defer tariffs on imported goods and materials, for a while. And the latest consumer-price index showed prices rose 2.3% in the 12 months through April, slowing from a 2.4% rate a month earlier. Economics reporter Chao Deng considers U.S. tariffs’ effects on that price growth. Plus, President Trump announced an end to sanctions on Syria during the first of a four-day trip to the Middle East. The move would give Syria’s new rulers a financial lifeline. Alex Ossola hosts.
A.M. Edition for May 13. President Trump landed in Riyadh this morning, his first stop on a regional visit during which Saudi Arabia, Qatar and the United Arab Emirates, plan to announce dozens of business agreements with the U.S. WSJ foreign correspondent Stephen Kalin previews what to expect and deputy Middle East bureau chief Shayndi Raice explains why Israel is questioning a slew of recent moves by its ally. Plus, United Airlines tries to reassure the flying public as travel issues mount at its New Jersey hub. And the world’s top auction houses hope 20th century masters can help the art market shrug off economic uncertainty. Luke Vargas hosts.