Iniaes

May 18 1200 UTC Brief


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In U.S. news
President Trump is escalating his fight with Rep. Thomas Massie, saying the Kentucky Republican “must be thrown out of office.” In Washington, officials are also discussing a Trump-linked Truth and Justice Commission that could set up a fund worth nearly $1.13 billion for people who say they were wrongly targeted by the Justice Department.
In Chester, Delaware County, a woman was shot and taken to hospital. Her condition has not been released.
In business
Bill Ackman has sold his entire Alphabet stake and is buying Microsoft instead, putting about $2.09 billion behind what he calls one of the most attractive entry points he has seen in a decade. Berkshire Hathaway has also made a $2.6 billion first-quarter bet on Delta Air Lines, a notable return after exiting the stock years ago.
UzNIF has listed in London in Uzbekistan’s first international IPO, raising about $603 million after drawing more than $2.8 billion in demand.
Ford says it will launch seven new vehicles in Europe over the next three years, including a new Bronco, a small electric hatchback, and fresh commercial models, even after its hefty £14.6 billion EV writedown. Ryanair says summer flights are secure and fuel shortages are less of a worry, though late bookers may still pay more.
In health and international security
The World Health Organization says a rare Bundibugyo strain of Ebola is behind a deadly outbreak in the Democratic Republic of the Congo and Uganda. The outbreak has been declared a public health emergency of international concern, and travel warnings are now in place.
The cruise ship MV Hondius has docked in Rotterdam after being tied to a deadly hantavirus outbreak. Nine passengers have been confirmed infected, two more cases are suspected, and three passengers have died. Health officials say the remaining crew will disembark in stages before the ship is thoroughly cleaned and disinfected.
In the Middle East and Europe
Iran’s deputy housing minister used the World Urban Forum in Baku to seek international help rebuilding 150,000 homes damaged in the war. In Britain, Conservatives plan to force a vote to overturn Labour’s ban on new North Sea oil and gas licences and want ministers to approve stalled drilling projects at Rosebank and Jackdaw, as Labour argues its Energy Independence Bill will help lower bills over time.
In the Midwest
A dangerous multi-day storm system is sweeping across the central United States, bringing destructive tornadoes and giant hail. The National Weather Service has placed major population centers in Nebraska, South Dakota, Iowa, and Minnesota under the highest alert level, and millions are being told to take shelter.
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