June 5, 2025

Business

Trump's policies, including tariffs and trade talks, are significantly impacting global trade, the US economy, and relationships with entities like Musk and China, with the EU experiencing a surge in steel imports due to US tariffs.
Economic policies and market trends include the European Central Bank cutting rates, issues with UK inflation data, the rising US deficit, companies quietly watering down climate claims, and various company-specific actions such as P&G job cuts and Wise potentially moving its listing.
Geopolitical issues include Israel arming Gaza clans, Germany defending its arming of Israel, the Red Sea remaining dangerous for ships, discussions on how to end the US-Iran nuclear impasse, and NATO considering increased military spending.
UK political news includes Tory voters potentially fleeing to Reform UK, a ban on bonuses at Thames Water, new concessions on tax for private equity, Labour's proposal for digital identity cards, and the UK pensions bill pushing for more investment in private markets.
Various company specific news including Circle Internet shares soaring, Humana backing curbs to Medicare billing, JPMorgan firing analysts who accept future-dated jobs elsewhere, Kleenex being spun off, and TSMC's rosy outlook.
Energy and environment news includes US oil companies lobbying to keep Biden's hydrogen tax credits, most new build homes in England requiring solar panels, doubts over Britain's clean power push, and 'zombie fires' fueling Canadian blazes.
Social and legal issues include the Supreme Court ruling for a straight woman in a workplace discrimination suit, and four states asking the FDA to lift restrictions on the abortion pill.
Business and Finance news also includes specific companies like Walmart having a good year, Kimberly-Clark spinning off Kleenex, the original Birkin bag prototype being auctioned, and discussions on whether AI robots will take all our jobs.