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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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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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Threat of levies on $107 billion of goods is in case negotiations fail. Plus: U.S. jobless claims fell last week, indicating labor market resilience. Molson Coors reported a drop in first-quarter net income. And Johnson & Johnson spinoff Kenvue saw Q1 earnings growth ahead of expectations. Charlotte Gartenberg hosts.
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Plus: The Trump administration is planning to overhaul regulations that limit AI chip sales to some countries. And Maersk backs its guidance despite cautioning on container demand. Kate Bullivant hosts.
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Fed Chair Jerome Powell says risks to economic growth from President Trump’s tariffs haven’t appeared yet, but his concerns have some investors worried about stagflation. Plus: Disney shares jump after announcing plans for a new theme park in Abu Dhabi. Danny Lewis hosts.
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The House of Mouse also reported a March quarter rise in revenue. Plus: Uber swings to profit from bookings growth but misses Wall Street estimates. Pakistan vows to respond to India’s airstrikes. And the papal conclave to elect a new pope begins. Charlotte Gartenberg hosts.
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Plus: NovoNordisk downgrades its guidance amid competition from copycat versions of its weight-loss and diabetes drugs. And U.S. electric vehicle sales drop despite growth in the broader car market. Kate Bullivant hosts.
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Investor nervousness over U.S. tariffs and a lack of announced trade deals push major stock indices lower. Plus: Shares of Clorox fall after the company revises its guidance to include the impact of tariffs. And Palantir shares drop, with some analysts questioning the rapid growth of the company’s market cap. Danny Lewis hosts.
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Plus: Germany’s Friedrich Merz wins chancellorship on second vote, starting his term in a weakened position. DoorDash reports a first-quarter profit, and plans to acquire Deliveroo and SevenRooms. And the EU lays out plans to cut Russian energy imports by 2027. Charlotte Gartenberg hosts.
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Plus: The battle between elite universities and the government ramps us as the Trump Administration informs Harvard University that it will not provide the school with any federal grants. And German conservative leader Friedrich Merz’s bid to become the country’s next chancellor fails in the first vote in parliament. Luke Vargas hosts.
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