During an interview on Fox Business on Thursday morning, Treasury Secretary Scott Bessent said the United States and China could sign a trade agreement as soon as next week. He also said the United States would enact a one-year suspension of Entity List restrictions. China has agreed to purchase millions of metric tons of U.S. soybeans in the coming years, said Bessent.

Hurricane Melissa churned across the Atlantic Ocean toward Bermuda on Thursday after thrashing Cuba's second-biggest city, unleashing devastation on Jamaica and drenching Haiti. According to the National Hurricane Center, Melissa weakened to a Category 1 storm as it moved northeast through the Bahamas on Thursday morning.