Several headlines focus on Trump's policies, including budget cuts targeting specific programs, potential tax implications for Harvard, and ongoing trade tensions with China. Republicans are also reportedly grappling with Trump's tax cut demands.
The UK political landscape is seeing significant shifts, with Nigel Farage's Reform UK gaining ground in local elections, impacting both the Conservative and Labour parties. This comes amid analysis of right-wing populism and the potential end of the two-party duopoly.
The stock market is recovering from losses related to Trump's tariff rollout, while tariffs are causing companies to raise prices; additionally, several market roundups provide updates on basic materials, energy, utilities, and tech, media, and telecom sectors, with reports of dropping profits for Chevron and Exxon.
Google is planning to roll out its Gemini A.I. chatbot to children under 13, while TikTok has been fined for sending European user data to China. US lawmakers are also pushing for the delisting of Alibaba and other Chinese companies, suggesting concerns about data security.
The US hiring rate has remained strong despite tariff policies, while Temu has stopped China shipments to the U.S. There are also discussions of a slowdown in travel demand potentially impacting Airbnb stock.
Other news included major flight delays in Newark airport, an end to Wall Street bank's Malaga experiment, UK military drone restrictions, assisted dying estimates, European grid crisis, problems with the Taiwanese dollar and data hacks.