WSJ Minute Briefing

Shares of movie producers fell after President Trump said he authorized a 100% tariff on movies made outside the U.S. Plus: Berkshire Hathaway stock declined on the first trading day after Warren Buffett announced his plans to retire. And Skechers shares soared after agreeing to a $9.4 billion take-private deal. Danny Lewis hosts.

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Plus: Beijing’s decade-old “Made in China” plan has narrowed the country’s tech gap with the West, according to a U.S. study. Gas company Sunoco is set to acquire Canada’s Parkland, which would create the biggest independent fuel distributor in the Americas. And Skechers is going private. Charlotte Gartenberg hosts.

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Plus: Trump calls for a 100% tariff on movies made overseas. And oil tumbles after OPEC+ agrees on another large supply hike. Luke Vargas hosts.

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Signs of thawing trade relations between the Trump administration and China helped boost stocks. But the trade war continues to cause nervousness. Apple shares fell after it said it expects to add $900 million in tariff costs next quarter. And Block shares drop as consumers cut back on non-essential spending. Danny Lewis hosts.

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Plus: President Trump threatens to revoke Harvard University’s tax exemption. And Goldman Sachs changes some of the language around its diversity programs, removing references to race. Pierre Bienaimé hosts.

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Plus: Europe looks to resolve its trade dispute with the U.S. by buying $56 billion worth of U.S. goods. And China considers starting talks with the U.S. to halt the trade war, but only if Washington cancels tariffs against Beijing. Luke Vargas hosts.

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Nasdaq leads indexes higher. Plus: Apple sales surge on iPhone demand ahead of tariff uncertainty. And Microsoft, Meta, and other tech stocks rise. Zoe Kuhlkin hosts. 

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Plus: Kohl’s fires its CEO for violating the company’s code of conduct. General Motors says tariffs will wipe out up to a quarter of its net profit for the year. And McDonald’s sees U.S. decline in a shaky economy. Pierre Bienaimé hosts.

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Plus: A Judge finds Apple violated a 2021 antitrust ruling. And the U.S. reaches a deal with Ukraine to give Washington access to the country’s mineral wealth. Luke Vargas hosts.

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Snap shares fell after the company said some advertisers have curbed their ad spending due to the Trump administration's plans to close a loophole that previously waived tariffs for lower-priced goods. Plus: Meta Platforms’ stock got an after hours bump after it announced strong sales numbers for the first quarter. Charlotte Gartenberg hosts.

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