President Biden says talks with House Speaker Kevin McCarthy at the White House have been productive as negotiators seek to strike a debt ceiling deal ahead of the 1 June deadline. Minneapolis Federal Reserve President Neel Kashkari tells CNBC he is open to either hiking rates or skipping an increase next month but warned that investors should not expect a cut any time soon. JP Morgan CEO Jamie Dimon has said he plans to continue as boss of America’s largest bank so long as he is energized by the role. Facebook parent Meta is hit with a record $1.4bn fine by the EU for transferring user data to the U.S. The company has pledged to appeal the decision.  

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