Trump's international trade policies, including tariffs ruled illegal and threats to the EU trade deal, are creating economic uncertainty, while the Iran war continues to drive oil price volatility, affect shipping costs, and influence corporate profits across various sectors.

• Trump’s 10% global tariff ruled illegal by US court — Financial Times -
• Trump extends EU trade deal deadline while issuing fresh threat — Financial Times -
• Opinion | Ukraine Strikes Deep Inside Russia — Wall Street Journal -

• Oil Prices Waver Amid Mixed Signals on Renewed U.S.-Iran Peace Talks — The New York Times Business -
• Rheinmetall Aims to Start Producing Cruise Missiles as Soon as This Year — Wall Street Journal -
• US fund threatens to divest TotalEnergies stake over offshore wind exit — Financial Times -
• Trump halted ‘Project Freedom’ after Saudi Arabia withheld support — Financial Times -
• Trump’s tariffs and troop cuts could hurt America more than Europe — Financial Times -
• Shell Reports Nearly $7 Billion Profit After Oil Prices Surged Amid U.S.-Iran War — The New York Times Business -
• U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It — The New York Times Business -
• Canadian miner Sherritt pulls out of Cuba on Trump sanctions fears — Financial Times -
• Why Stocks and Bonds Are Responding Differently to the Iran War — The New York Times Business -
• Rubio seeks to mend US ties with Pope Leo — Financial Times -
• War and Energy Shortages Boost China’s Influence in Asia — The New York Times Business -
• What will Trump’s war on Iran mean for global trade?You asked, Alan Beattie answered — Financial Times -
• Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz — The New York Times Business -
• UniCredit Strikes Deal to Sell Part of Russia Business to U.A.E. Investor — Wall Street Journal -
• Shell CEO on Oil Market: ‘Volatility Has Created Opportunities’ — Wall Street Journal -
• UniCredit to sell parts of its Russian business — Financial Times -
• Eurozone Retail Sales Soften as Shoppers Feel Energy Pinch — Wall Street Journal -
• Dubai’s Emirates Posts Record Profit Despite War Disrupting Air Traffic — Wall Street Journal -
• FirstFT: US fuel exports surge as pump prices rise — Financial Times -
• Trump is his own worst enemy — Financial Times -
• How the oilman’s president boosted a green transition — Financial Times -
• Frackers Are Finally Ready to Drill. Trump Won’t See a Return of the Go-Go Days. — Wall Street Journal -
• ECB should keep its options open for June meeting, says departing French governor — Financial Times -
• Norway’s central bank raises interest rates amid impact of Iran conflict — Financial Times -
• Solomon Islands ousts PM who sought to balance China and west — Financial Times -
• Maersk warns economic impact of Iran conflict will ripple for months — Financial Times -
• Shipping Giant Maersk Maintains Guidance Despite Rising Costs From Middle East Conflict — Wall Street Journal -
• Gold Fields Backs Guidance but Cites War-Induced Price Rises — Wall Street Journal -
• EU dithers on US trade deal implementation amid Trump threats — Financial Times -
• Iran steps up political executions — Financial Times -
• The Nordics and Canada are finding common cause — Financial Times -
• ‘Maga divorce’: how Trump’s Iran war is splitting the US right — Financial Times -
• Norway in deep water over cod pact with Russia — Financial Times -
• Ukraine, Iran and the lessons of war — Financial Times -
• Middle East crisis day 68 as it happened: Iran says it is reviewing US-backed peace proposal — Financial Times -
• ‘Plastic shock’ hits Asia as Iran oil crisis strangles supplies — Financial Times -
• Jet-Fuel Prices Are Spiking and Trump’s Advisers Are Worried — Wall Street Journal -

Numerous companies like CoreWeave, Lyft, McDonald's, and News Corp reported diverse first-quarter earnings, with some seeing revenue growth and increased profits despite rising costs, while others like Coinbase, Gilead Sciences, and Whirlpool faced losses or slashed outlooks due to component inflation or soft consumer demand.

• CoreWeave Says Component Cost Inflation Might Raise 2026 Capex — Wall Street Journal -
• Lyft Revenue Rises as Partnerships Boost Rides Growth — Wall Street Journal -
• McDonald’s, Burger King and Taco Bell Report Strong Sales Amid Rising Consumer Costs — The New York Times Business -

• News Corp Revenue Climbs With Growth at Dow Jones, Real Estate Units — Wall Street Journal -
• Monster Beverage Sales Boosted by International Brands, Weaker Dollar — Wall Street Journal -
• DraftKings Swings to First-Quarter Profit on Better Sportsbook Margins — Wall Street Journal -
• Block Lifts Guidance on Higher Payment Volumes, Boom in Lending — Wall Street Journal -
• Coinbase Global Swings to Loss Amid Softer Crypto Market — Wall Street Journal -
• Gilead Sciences Expects Loss This Year on Acquired R&D Expenses — Wall Street Journal -
• Expedia First-Quarter Sales Rise as B2B Unit Keeps Driving Growth — Wall Street Journal -
• Airbnb Raises Outlook, Citing Resilient Travel Demand — Wall Street Journal -
• McDonald’s warns of price pressures from rising beef and energy costs — Financial Times -
• Whirlpool’s Stock Fell as Much as 20% After Company Warns Higher Prices Are Coming — Wall Street Journal -
• Planet Fitness Slashes 2026 Views After Weak Signups — Wall Street Journal -
• Shake Shack Swings to Loss on Higher Costs — Wall Street Journal -
• McDonald’s Presses Ahead in Fast Food’s Value-Menu Wars — Wall Street Journal -
• Papa John’s Says Inflation-Weary Consumers Are Trading Down — Wall Street Journal -
• Tapestry Lifts FY Outlook Amid Coach Boom — Wall Street Journal -
• WW International Logs Lower Sales — Wall Street Journal -
• Peloton Narrows Outlook After Quarterly Sales Tick Up — Wall Street Journal -
• Krispy Kreme Narrows Loss, Sees Growth Returning as Turnaround Advances — Wall Street Journal -
• Six Flags Revenue Rises on Attendance, Spending Growth — Wall Street Journal -
• Carlyle Group Swings to Loss, Posts Revenue Decline — Wall Street Journal -
• Campari Shares Tumble After Aperol Maker Misses Analysts’ Estimates — Wall Street Journal -
• InterContinental Posts Global Room Revenue Rise, Sees Continued Growth Despite Middle East Conflict — Wall Street Journal -
• Coca-Cola HBC Sales Grow on Caffeine Consumption Spike — Wall Street Journal -
• BAE Systems Backs 2026 Guidance, Citing Higher Defense Spending, Opportunities Ahead — Wall Street Journal -
• Henkel Sales Rise Amid Flurry of Deals — Wall Street Journal -
• Swiss Re Net Profit Gets Boost From Lower Natural-Catastrophe Losses — Wall Street Journal -
• Arm Holdings Lacks Supply to Meet Roaring Demand for New Chips — Wall Street Journal -

The tech industry is experiencing a paradigm shift driven by AI, evidenced by SpaceX's massive investment in AI chips, Cloudflare's AI-driven job cuts, Roche's acquisition for AI diagnostics, and Anthropic's exponential growth in computing power, highlighting both opportunities and challenges in the rapidly evolving sector.

• Cloudflare to Slash 1,100 Jobs Due to AI-Driven Restructuring Plan — Wall Street Journal -
• Elon Musk’s SpaceX Plans $55 Billion Investment to Make A.I. Chips — The New York Times Business -
• Old IT makes its bid for AI relevance — Financial Times -

• SpaceX Tees Up Massive Spending Ahead of IPO — Wall Street Journal -
• The mysterious $53bn ‘other income’ boost to AI hyperscaler earnings — Financial Times -
• Can Europe close the AI gap with the US and China? — Financial Times -
• After Stumbles, Technology Meant for Self-Driving Cars Finds a Second Act — The New York Times Business -
• Roche to Buy PathAI for Up to $1.05 Billion to Bolster AI Diagnostics Tools — Wall Street Journal -
• Samsung workers demand bigger slice of surging AI profits — Financial Times -
• Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year — The New York Times Business -
• The Chip Craze Is Turning a Glass Company and a Toilet Maker Into AI Stocks — Wall Street Journal -

Market sentiment remains strong, with corporate valuations soaring for companies like Kalshi and Ramp, successful IPOs such as HawkEye 360, significant **M&A activity like Catalyst Pharma's acquisition, and major spending plans by entities like SpaceX** signaling robust capital flow.

• GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid — The New York Times Business -
• Mattel Shareholder Wants Company to Sell — Wall Street Journal -
• Corporate Card Startup Ramp Raising Funds at $40 Billion Valuation — Wall Street Journal -

• ‘Blissful ignorance’: Milken elite bask in glow of roaring markets — Financial Times -
• National-Security Contractor HawkEye 360’s Shares Soar in IPO — Wall Street Journal -
• Chinese overseas M&A hits 5-year high despite regulatory barriers — Financial Times -
• Citi seeks to persuade investors hard work of turnaround is complete — Financial Times -
• Kalshi valuation quadruples to $22bn in less than a year — Financial Times -
• Africa’s richest man Dangote plans London listing of cement empire — Financial Times -
• Wall Street rebound driven by smallest number of stocks on record — Financial Times -
• Let’s stop blaming retail investors for wonky markets — Financial Times -
• Why Investors Are Still Betting Big on Kalshi — The New York Times Business -
• Kalshi, the Prediction Market, Raises $1 Billion at a $22 Billion Valuation — The New York Times Business -
• Catalyst Pharma to Be Acquired by Angelini Pharma in $4.1 Billion Deal — Wall Street Journal -
• SoftBank shares surge as Japanese stock market hits record high — Financial Times -
• Marc Rowan rips private capital’s marks — Financial Times -
• Apple, Berkshire and the virtue of patience — Financial Times -
• Tech rally hands hedge funds biggest gains since 2020 — Financial Times -
• Why the shift from savings glut to grab is good for investors — Financial Times -

Discussions on antitrust enforcement in airlines, calls for revising audit independence rules, public health measures for hantavirus, and EU rulings on airline fuel-linked cancellations indicate a dynamic regulatory landscape, alongside shifts in consumer behavior and market strategy in various industries.

• Opinion | Is America Still Making Ted Turners? — Wall Street Journal -
• Opinion | Airlines and Overzealous Antitrust Enforcers — Wall Street Journal -
• U.S. Audit Watchdog Should Rescind Its Independence Rules, SEC Official Says — Wall Street Journal -

• UK and US launch disease control measures over hantavirus — Financial Times -
• Is It an Art Gallery? A Museum? A Theater? A Dream? — The New York Times Business -
• How Come We Have Nuclear Ships but Not Small Nuclear Power Plants? — Wall Street Journal -
• Democrats turn to working-class candidates to win back voters — Financial Times -
• Inside the Global Effort to Figure Out Where Hantavirus Will Strike Next — Wall Street Journal -
• Why the cool kids have fridges in their bathrooms . . . — Financial Times -
• ‘BT is back’ as telecoms group revives its consumer brand — Financial Times -
• The ‘Perfect Storm’ Hanging Over Britain’s Public Debt — The New York Times Business -
• Help! We Got to the Gate in the Nick of Time, but Missed Our Flight. — The New York Times Business -
• Samsung Pulling TVs, Home Appliances From China — Wall Street Journal -
• Barclays and Citi bosses recommended for honours in King’s birthday list — Financial Times -
• EU tells airlines to pay passengers for fuel-linked cancellations — Financial Times -
• Lula moves to end Brazil’s six-day working week — Financial Times -
• Four ways Europe’s big immigration experiment has changed Spain — Financial Times -
• Artists once flocked to New York — now they’re struggling to survive in it — Financial Times -
• Warsh would be wise to listen to Fed dissenters — Financial Times -