The escalating Iran conflict is significantly impacting global energy markets, leading to surging gas prices for American consumers, warnings of arms shipment delays to Europe, and big oil companies facing pressure to boost production amidst dwindling reserves, while troop withdrawals from Germany signal broader geopolitical repercussions.

• US to withdraw 5,000 troops from Germany in dispute over Iran conflict — Financial Times -
• Americans Spent $125 Million More on Gas Friday Than They Did a Week Ago — Wall Street Journal -
• US warns Europe of delays to arms shipments as Iran war drains stockpiles — Financial Times -

• Oil Cools Slightly After a 4-Year High as Gasoline Jumps — The New York Times Business -
• Trump’s Iran war leaves US with sharpest fuel shock in G7 — Financial Times -
• Stocks and Oil Prices Sent Conflicting Signals in April Amid Havoc of Iran War — The New York Times Business -
• The silent treatment: Saudi Arabia’s long game for managing Opec — Financial Times -
• What will Trump’s war on Iran mean for global trade? — Financial Times -
• Exxon and Chevron defy Trump pressure to boost oil production — Financial Times -
• Oil market 1 month from crunch point as global reserves dwindle — Financial Times -
• Oil Cools Slightly After a 4-Year High — The New York Times Business -
• Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes — The New York Times Business -
• Suddenly U.S. Oil Giants Are Taking Another Look at ‘Uninvestable’ Venezuela — Wall Street Journal -
• Jihadis blockade Malian capital as offensive gathers pace — Financial Times -
• Oil Price Hits Wartime High Above $120 a Barrel as Iran War Standoff Continues — The New York Times Business -
• Australia Doubles Down on Energy Shift as Middle East Tensions Simmer — Wall Street Journal -
• Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap — The New York Times Business -
• ‘Keep your smartphone close’: Japan puts yen market on alert for golden week action — Financial Times -
• Iran war diverts more ships from Suez to long route round Africa — Financial Times -

The Trump administration's policies are central, with headlines covering new tariffs on EU vehicles and enforcement of forced labor laws, a faltering bailout for Spirit Airlines, the Fed's internal dissensions over inflation, and declining Obamacare enrollment due to rising costs, reflecting wide-ranging economic and social impacts.

• Schwab Affiliate Halts Customer Donations to Southern Poverty Law Center — The New York Times Business -
• Spirit Airlines Prepares to Shut Down After Trump Administration Bailout Falls Through — The New York Times Business -
• Opinion | How Not to Respond to Political Violence — Wall Street Journal -

• Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart — Wall Street Journal -
• Trump’s Qatari-Gifted Air Force One Will Keep Its Luxurious Royal Interior — Wall Street Journal -
• Obamacare Enrollment Drops Sharply as Costs Rise — The New York Times Business -
• Trump says he will raise tariff on EU vehicles to 25% — Financial Times -
• Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws — The New York Times Business -
• Trump’s Tariff Reversal Reopens a Major Market for Scotch Whisky — The New York Times Business -
• Trump Media’s Latest Pivot Is a Leadership Shake-Up — Wall Street Journal -
• Occidental’s Vicki Hollub, the First Woman to Lead a Big U.S. Oil Firm, to Retire — Wall Street Journal -
• Fed Officials Cite Inflation Concerns in Defending Dissents — The New York Times Business -
• Republicans and the King’s speech — Financial Times -
• Behind Powell’s High-Stakes Decision to Stay at the Fed — The New York Times Business -
• UK goods exports to US have not recovered from Trump’s tariffs — Financial Times -
• The World’s Central Banks Are Wrestling With a Gigantic Problem — The New York Times Business -
• FirstFT: Trump’s deepening political troubles — Financial Times -
• Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire — Financial Times -
• Trump adrift: the president’s second term is at risk of foundering — Financial Times -

News highlights include GameStop's surprising bid for eBay, Netflix's shift to wide theatrical releases, Apple's booming iPhone sales, and major firms like Jane Street reporting high earnings or TPG raising significant capital, alongside leadership changes at companies like Carter's and Occidental Petroleum.

• GameStop Preparing Offer for eBay — Wall Street Journal -
• Netflix Plans First Wide Theatrical Release With ‘Narnia’ — The New York Times Business -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Big Oil Stays the Course Despite Historic Dislocation in Energy Markets — Wall Street Journal -
• Why So Many People Already Own Shares of Elon Musk’s SpaceX — The New York Times Business -
• Apple credits ‘most popular’ ever iPhone for booming sales — Financial Times -
• Spirit Airlines Prepares to Shut Down as Rescue Deal Falls Apart — Wall Street Journal -
• Jane Street employees paid $9.4bn in 2025 — Financial Times -
• New Nasdaq rules offer SpaceX free liquidity — Financial Times -
• Best Business Debt Consolidation Loans in May 2026 — Wall Street Journal -
• Private credit group Ares draws nearly $20bn from investors — Financial Times -
• Estee Lauder Raises Fiscal-Year Outlook as Turnaround Continues to Bear Fruit — Wall Street Journal -
• How tough does an investment banking boss need to be? — Financial Times -
• Basic Materials Roundup: Market Talk — Wall Street Journal -
• Tesco argues equal pay claim disregards ‘economic reality’ — Financial Times -
• Elon Musk’s Tesla Pay Package Valued at $158 Billion for 2025 — Wall Street Journal -
• Palantir’s latest hit softwear: a $239 chore coat — Financial Times -
• TPG Raises More Than $10 Billion, Doubles Capital Deployments — Wall Street Journal -
• Carter’s Appoints Build-A-Bear Chief Sharon Price John as New CEO — Wall Street Journal -
• Newell Brands Raises Sales Outlook — Wall Street Journal -
• Cboe Is Slashing 20% of Its Staff in Bid to Focus on Core Businesses — Wall Street Journal -
• Church & Dwight Profit Slips on Costs — Wall Street Journal -
• Lululemon’s New CEO Is Already in the Hot Seat—and She Hasn’t Even Started — Wall Street Journal -
• Colgate-Palmolive Sales Rise on International Growth — Wall Street Journal -
• Ares Management Revenue Rises on Record Fundraising — Wall Street Journal -
• Moderna Reports Higher Revenue but Posts a Loss — Wall Street Journal -
• NatWest’s Conservative Outlook Drags on U.K. Bank’s Shares — Wall Street Journal -
• How CVS Uses Robots to Keep Your Deodorant in Stock — Wall Street Journal -
• Berkshire Has a Website From the ’90s and Buffett Fans Say Don’t Mess With It — Wall Street Journal -
• Pearson Sticks to Guidance After Key Metric Rises — Wall Street Journal -
• South East Water’s management should be sacked, MPs say — Financial Times -
• Shares in Japanese toilet maker Toto soar on AI-related pivot — Financial Times -
• Todd Boehly’s insurance empire — Financial Times -
• WPP boss faces pay battle after opposition from proxy shareholder groups — Financial Times -
• Greg Abel’s first test: winning over Warren Buffett’s Berkshire faithful — Financial Times -
• Todd Boehly’s insurer wins reprieve on rules to close capital arbitrage — Financial Times -
• Elevator companies hope subsidies in China will lift their prospects — Financial Times -

Developments showcase the rapid expansion of the robotaxi industry, Pentagon contracts for military AI with tech giants, debates over computing power between OpenAI and Anthropic, and journalists withholding bylines in an AI dispute, emphasizing both innovation and its societal implications.

• See How the Robotaxi Industry Is Taking Off Across the U.S. — Wall Street Journal -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• Defense Startups Get Boost as Pentagon Looks Beyond Biggest Contractors — Wall Street Journal -

• Pentagon signs new military AI deals with Nvidia, Microsoft and Amazon — Financial Times -
• OpenAI’s New Model Spurs Debate Over Computing Power — The New York Times Business -
• Reporters at McClatchy Withhold Bylines in A.I. Dispute — The New York Times Business -
• Electric Cars Were a Big Deal Over a Hundred Years Ago — The New York Times Business -
• How bots could help revive democracy — Financial Times -
• Huawei’s AI chip sales surge as Nvidia stalls in China — Financial Times -

Consumers face rising utility bills this summer and increased gas prices, while the FDA grants early access to a promising pancreatic cancer drug, Maryland bans AI-driven price increases in grocery stores, and Thermos initiates a recall of millions of bottles due to injuries.

• F.D.A. Grants Early Access to Promising Drug for Pancreatic Cancer — The New York Times Business -
• Thermos Recalls 8.2 Million Jars and Bottles After Customers Are Injured — The New York Times Business -
• Maryland Is First to Ban A.I.-Driven Price Increases in Grocery Stores — The New York Times Business -

• Crop Undercount Raises Questions About Reliability of U.S.D.A. Data — The New York Times Business -
• Utility Bills Are Likely to Be Higher This Summer. Here’s What You Can Do. — The New York Times Business -

Markets saw stocks holding onto gains from April's strong performance, while central banks globally are increasing gold reserves amid escalating risks, and discussions arise around options trading strategies and the UK's housing market defying war's economic impact.

• Winning Big in Options Trading, Is It More Luck or Skill? I Asked Bill Perkins. — Wall Street Journal -
• My latest portfolio revealed — Financial Times -
• Stock Futures Hold On to Gains — Wall Street Journal -

• After Prison, a Financial Titan Plots an Unlikely Comeback — The New York Times Business -
• UK house price rise defies economic impact of Iran war — Financial Times -
• Why Countries Are Stocking Up on Gold — The New York Times Business -
• Where in the World Is All That Gold Stored? — The New York Times Business -
• US GDP: still ultimately about the consumer — Financial Times -

Headlines cover a diverse array of global and domestic topics, from legal disputes involving right-wing commentators and concerns over the shrinking of Jewish life in Britain to Indonesian labor day payouts, UK political party challenges, and the economic impacts of declining fertility rates.

• Charlie Kirk’s Former Security Chief Sues Candace Owens for Defamation — The New York Times Business -
• The shrinking of Jewish life in Britain — Financial Times -
• MBZ, the Emirati sheikh who shook up the Gulf — Financial Times -

• Reader callout: Are you part of the UK ‘brain drain’? — Financial Times -
• Golders Green attack suspect tried to kill another man earlier in the day, court told — Financial Times -
• Why the US should refuse the UAE a dollar swap line — Financial Times -
• Labour braces for ballot box bloodbath — Financial Times -
• Inside the hotel that makes the Met Gala run — Financial Times -
• Indonesia boosts payouts for delivery drivers in Labor Day handout — Financial Times -
• As Kentucky Derby Becomes a Bigger Business, Locals Feel Left Behind — The New York Times Business -
• 5 New Stockholm Bakeries — The New York Times Business -
• Welsh Labour is heading into a perfect storm — Financial Times -
• My Tunis, by photographer Bachir Tayachi — Financial Times -
• Greens to pledge £15 minimum wage in employment rights’ push — Financial Times -
• France allows flower shops and bakeries to open on May Day — Financial Times -
• Zelenskyy’s push for EU membership strains ties with allies — Financial Times -
• The hunt for a new Earth — Financial Times -
• Postcard from London: My ‘Race Across the World’ — without leaving the capital — Financial Times -
• Reform UK ran a council for a year. Things went badly — Financial Times -
• How will falling fertility rates hurt the economy? With Melissa Kearney — Financial Times -
• Chinese spy agency warns nation’s young people against dropping out — Financial Times -
• Horse Racing Fans Are Old. He Aims to Change That. — Wall Street Journal -