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Plus: Costco and Gap see different impacts of tariffs on their businesses. Shares of Ulta Beauty rally after the cosmetics retailer raises its annual outlook. And an experimental lung-disease treatment by Sanofi and Regeneron delivers mixed results. Victoria Craig hosts.
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P.M. Edition for May 30. President Trump says farewell to Elon Musk as the billionaire returns to the private sector. And American consumers are feeling gloomy about the economy. WSJ reporter Chao Deng says economists chalk that up to the tariff news cycle. Plus, the Supreme Court allows the Trump administration to cancel temporary protections for about 500,000 migrants. Pierre Bienaimé hosts.
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Plus: Stock indexes slip amid Trump’s accusation that China is violating its deal with the U.S. And American households remain gloomy on the economy in May. Zoe Kuhlkin hosts.
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Plus: Hamas is poised to reject a U.S.-drafted proposal for a temporary Gaza ceasefire. And Google and the Justice Department prepare closing arguments in a case that could have a massive impact on the tech giant’s search engine. Luke Vargas hosts.
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A.M. Edition for May 30. Lawyers for the Justice Department and Google prepare to make closing arguments today as a judge weighs how to improve competition in online search. Plus, top U.S. officials say trade negotiations with foreign capitals remain on course, despite a court ruling that President Trump’s sweeping global tariffs were illegal. And WSJ reporter Feliz Solomon explains the situation in Gaza as a new aid distribution system backed by Israel goes into effect. Luke Vargas hosts.
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P.M. Edition for May 29. A federal court has temporarily put on hold a ruling that voided President Trump’s tariffs. WSJ trade and economic policy reporter Gavin Bade discusses what this means for the president’s trade agenda and where the administration goes from here. Plus, Jess Bravin discusses the potential role of the Supreme Court. And Meta and Anduril are teaming up to make high-tech VR/AR headsets for the U.S. Army. WSJ technology and national security reporter Heather Somerville weighs in on why this could be an important move for Meta’s business. Alex Ossola hosts.
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An appeals court temporarily paused a decision that had invalidated the president’s sweeping levies. Plus: E.l.f. Beauty shares soar after the cosmetics company said it would buy Hailey Bieber's skincare line. And Best Buy said it has raised prices to offset some related costs. Pierre Bienaimé hosts.
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Plus: The Trump administration is asking the court to pause ruling pending an appeal. And the U.S. plans to revoke visas for Chinese students. Alex Ossola hosts.
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Plus: Elon Musk tried to block an OpenAI data-center project in the Middle East unless his xAI company was added. And tariff uncertainty hurts HP sales, as the company tries to shift production out of China. Luke Vargas hosts.
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A.M. Edition for May 29. A U.S. federal trade court has ruled President Trump lacked the authority to impose global tariffs, blocking one of the administration’s boldest assertions of executive power. While stock futures are rallying today, WSJ deputy finance editor Quentin Webb says that decision adds to investor uncertainty over the future of U.S. trade policy. Plus, Elon Musk announces his looming exit from government. And Nvidia’s business booms, even as its CEO critiques U.S. efforts to shut China out of the global chips market. Luke Vargas hosts.
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