Trump's trade strategies are facing challenges from the courts, leading companies to adapt their operations, while China seeks to strengthen ties with Pacific Island nations amidst US retreat, and the BoE governor wants closer EU ties.

• How the courts reined in Trump on tariffs — Financial Times - 22:44
• Retailers, Ducking Trade-War Curveballs, Stick to Their Plans — Wall Street Journal - 22:03
• Court Tariffs Ruling Upends Trump’s Trade Strategy — The New York Times Business - 20:43

• Wall Street Hesitates to Cheer Court Ruling Blocking Tariffs — The New York Times Business - 20:32
• China vows to open markets to Pacific Island nations as US retreats — Financial Times - 21:20
• BoE governor urges UK government to seek closer trade ties with the EU — Financial Times - 18:59

Trump is directly criticizing the Fed's interest rate policy and a foreign tax provision in his budget bill is causing concern on Wall Street.

• Trump Criticizes the Fed in a Private Meeting With Powell — The New York Times Business - 19:40
• Trump tells Powell Fed is making a ‘mistake’ by not cutting rates — Financial Times - 19:26
• Foreign tax provision in Trump budget bill spooks Wall Street — Financial Times - 20:14

Several companies including Costco, Ulta, Dell, and Microchip are adjusting their outlooks in response to market conditions and demand, particularly related to AI, while others are reporting earnings.

• Costco to Rely on Advancing Orders, Production Shifts to Offset Tariffs — Wall Street Journal - 22:45
• Ulta Raises Full-Year Outlook as Consumers Keep Spending on Beauty — Wall Street Journal - 21:20
• Dell Technologies Raises Outlook as Sales Rise on AI Demand — Wall Street Journal - 20:52

• Microchip Technology Narrows Outlook on Higher Bookings — Wall Street Journal - 21:05

Other business news includes Ben & Jerry's controversial statement on the Gaza conflict, Elon Musk's lieutenant leaving DOGE, United Airlines returning to JFK, the philosophy behind Elon Musk's actions, rising prices impacting consumer behavior, crackdowns on the trade of computer chips with China, and roundups of various market sectors.

• CEOs Weigh in on Tariffs, the Economy at WSJ’s Future of Everything — Wall Street Journal - 22:35
• Ben & Jerry’s Calls Gaza Conflict a Genocide, Putting Unilever in a Tough Spot — Wall Street Journal - 23:03
• Trump orders US chip software suppliers to stop selling to China — Financial Times - 22:30

• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal - 21:27
• Auto & Transport Roundup: Market Talk — Wall Street Journal - 21:25
• Inflation-weary Americans queue for toilet paper and cheap Bordeaux — Financial Times - 21:21
• Elon Musk’s Chief Lieutenant at DOGE Leaves Agency — Wall Street Journal - 20:21
• The Techno-Futuristic Philosophy Behind Elon Musk’s Mania — The New York Times Business - 20:40
• United Airlines Will Return to J.F.K. Through a Deal With JetBlue — The New York Times Business - 20:47
• Energy & Utilities Roundup: Market Talk — Wall Street Journal - 21:42
• Top Kinahan drug cartel sidekick extradited to Ireland from UAE — Financial Times - 21:09