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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.
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Plus: UnitedHealth Group’s CEO steps down, sending shares lower. And ESPN gives details on its streaming service out this fall. Pierre Bienaimé hosts.
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Plus: Japanese tech investment giant SoftBank reports its first profit in four years, while Honda Motor warns of the tariff impact. And Amazon is renewing a partnership with FedEx. Kate Bullivant hosts.
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President Trump gives drug companies 30 days to cut prices or face new limits on what the U.S. will pay. Governor Newsom pushes California cities to ban homeless encampments as $3.3 billion in new funding rolls out. Sam Altman’s eye-scanning ID project lands in L.A., sparking privacy fears. And California’s insurance commissioner weighs a formal probe into State Farm’s handling of wildfire claims.
U.S. markets rallied after the world’s two largest economies agreed to slash punishingly high tariffs on each other’s goods and reset the tone on trade relations. Plus: big tech stocks, retail, and consumer goods stocks surged after the announcement. Danny Lewis hosts.
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Plus: President Trump signs an executive order intended to lower drug prices. And Fox said it plans to launch a streaming service. Alex Ossola hosts.
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Plus: Ukrainian president Volodymyr Zelensky says he wants to meet his Russian counterpart Vladimir Putin face-to-face later this week in Turkey. And pharma stocks fall after President Trump said he would sign an executive order aimed at lowering the cost of prescription drugs. Luke Vargas hosts.
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The Menendez brothers take a major step toward a potential resentencing as legal fights escalate. California’s State Bar faces financial fallout after a failed exam rollout and controversial AI-generated questions. U.S. farmers begin to feel the pinch of Trump’s new tariffs, with equipment delays and profit losses hitting hard. Meanwhile, Paramount Global beats expectations, thanks to growth at Paramount+ and ongoing merger talks with Skydance.
President Trump floated lowering tariffs on Chinese imports to 80%. Major indexes were down for the week despite Thursday’s rally. Plus: Expedia shares dropped after reporting weakening travel demand to and from the U.S. Danny Lewis hosts.
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Beijing, on the other hand, pledged to step up enforcement of export controls on strategic mineral resources. Plus: the U.K. announces its “largest ever sanction package” on key players in the Russian oil trade. AMC profits shrink despite streaming revenue growth. And Panasonic will cut 10,000 jobs globally. Charlotte Gartenberg hosts.
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