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.
WSJ Minute Briefing - The Nasdaq Enters a New Bull Market After U.S.-China Trade Deal
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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WSJ Minute Briefing - Markets Rally After U.S. and China Agreement for Large Tariff Cuts
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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WSJ Minute Briefing - U.S. and China Agree to Significantly Cut Tariffs
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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Headlines From The Times - Menendez Case Moves Forward, Paramount Gains, and the State Bar Fallout
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.
WSJ Minute Briefing - U.S. Stocks End Mixed Ahead of China Trade Talks
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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WSJ Minute Briefing - Trump Floats 80% Tariffs Ahead of Trade Talks With China
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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WSJ Minute Briefing - Chinese Exports to the U.S. Plunge as Trump Tariffs Bite
Plus: Tech leaders tell lawmakers that the U.S. risks falling behind China if Washington does not streamline AI policy. And President Trump considers bringing the so-called “millionaire tax” back to life. Kate Bullivant hosts.
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Headlines From The Times - Trump’s New Surgeon General, LA28 Plans, and a Meat Snack Empire
President Trump nominates Dr. Casey Means, a holistic health influencer, to be the next U.S. surgeon general. LA’s Olympic Coliseum is set to make history again in 2028 as it co-hosts the opening and closing ceremonies. In Vernon, snack company Archer is taking over the old Farmer John plant to expand meat stick production and create hundreds of jobs. And in global news, Trump and U.K. Prime Minister Keir Starmer are moving toward a new trade deal that would lower tariffs on cars and steel in exchange for more U.S. exports.
WSJ Minute Briefing - U.S. Stocks Close Higher After Trump Announces U.K. Trade Agreement
The deal lays out a framework for some tariffs to be lowered or exempted. Plus: Carvana shares rise after CEO says used-car businesses won’t be as affected by import taxes. And Cardinal Robert Francis Prevost becomes the first American-born Pope. Danny Lewis hosts.
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