The dynamics of US-China relations and their geopolitical ramifications are highlighted by **Boeing shares slide as Trump’s China summit deals disappoint, Spies, Sanctions, Cyberattacks: China and the U.S. Clash Behind the Scenes, and Trump and Boeing Announce China Will Purchase 200 Planes**.

• Boeing shares slide as Trump’s China summit deals disappoint — Financial Times -
• Spies, Sanctions, Cyberattacks: China and the U.S. Clash Behind the Scenes — The New York Times Business -
• Trump and Boeing Announce China Will Purchase 200 Planes — The New York Times Business -

• Trump Touts ‘Fantastic Trade Deals’ With China, but Details Are Scarce — The New York Times Business -
• Trump undecided on Taiwan arms sale after summit with Xi — Financial Times -
• For Xi’s Critics, Trump’s China Visit Is Fuel for Jokes They Can’t Tell — The New York Times Business -
• Xi, Trump and the Thucydides trap — Financial Times -
• What to Watch at Trump and Xi’s U.S.-China Summit — The New York Times Business -
• A cold peace between the US and China is good enough — Financial Times -
• Germany’s Merz says he would not want his children to move to US — Financial Times -
• What did Trump achieve in talks with China’s Xi? — Financial Times -
• Submit your questions: Is Trump’s economic agenda working? — Financial Times -
• Nvidia’s Future in China Remains Unclear After Trump-Xi Summit — The New York Times Business -
• What Trump Gained, and Didn’t, From China — The New York Times Business -
• Elon Musk’s Awkward Selfie Moment With a Chinese Billionaire in Beijing — The New York Times Business -
• FirstFT: Iran dominates second day of Trump-Xi talks — Financial Times -
• Schroders plans to exit China mutual funds business after just three years — Financial Times -
• China braced for heavy rains as UN hails its role as ‘global climate leader’ — Financial Times -
• Trump Might Welcome Chinese Investment, but America Is Wary — The New York Times Business -
• Nvidia’s Future in China Remains Unclear After Trump-Xi Summit — The New York Times Business -
• SEC settles Adani case as US authorities move to end actions against Asia’s richest man — Financial Times -
• What Big Tech wants out of Trump’s China visit — Financial Times -
• Here’s How Trump’s Trade War on China Ended Up in a Stalemate — The New York Times Business -
• Innovative Lawyers: Asia-Pacific — Financial Times -
• Fallout from China housing slowdown grinds on in offshore courts — Financial Times -
• Hong Kong listings boom sparks legal hiring spree — Financial Times -
• US-China tensions add to growing complexity of disputes work — Financial Times -
• Japan Inc sets its sights on global peers — Financial Times -

A week of significant movement in financial markets and central bank policy is marked by US federal prosecutors scrutinise BlackRock private credit fund, Trump Fed nominees oppose terms of keeping Powell as temporary chair, and Global bonds tumble on fears of inflation shock from Iran war.

• US federal prosecutors scrutinise BlackRock private credit fund — Financial Times -
• Trump Fed nominees oppose terms of keeping Powell as temporary chair — Financial Times -
• Global bonds tumble on fears of inflation shock from Iran war — Financial Times -

• SpaceX to Go Public June 12 — Wall Street Journal -
• Berkshire Invests in Delta Again During Abel’s First Quarter as CEO — Wall Street Journal -
• As Powell Steps Down, the Fed Confronts ‘Regime Change’ — The New York Times Business -
• Stock Market Rally Confronts Inflation and Higher Interest Rates — The New York Times Business -
• SpaceX Is Aiming to Go Public on June 12 in What Stands to Be Biggest IPO Ever — Wall Street Journal -
• Bond market freakout — Financial Times -
• Crypto CFDs are here save the City, apparently — Financial Times -
• Party time for stock markets cannot last for ever — Financial Times -
• Vanguard Is the Costco of Finance, According to the Hosts of ‘Acquired’ — Wall Street Journal -
• Small financial group close to Trump family plots $200mn Venezuela Spac deal — Financial Times -
• What can we expect from the Fed under Kevin Warsh? — Financial Times -
• Trump discloses hundreds of millions of dollars in trades in first quarter — Financial Times -
• Is the only way really down for stocks? — Financial Times -
• The great global bond freakout — Financial Times -
• The soft-on-crime era on Wall Street — Financial Times -
• Why Warsh wants the Fed to keep quiet — Financial Times -
• Obscure Japanese stock measure widens on global hunt for AI winners — Financial Times -
• Is it time to worry about India’s foreign exchange reserves? — Financial Times -
• Anthropic agrees terms of $30bn funding deal at $900bn valuation — Financial Times -

The rapid evolution of AI and emerging technologies continues with major investment and new challenges, as seen in **Bill Ackman’s Pershing Square Bets on Microsoft’s AI Ambitions With New Stake, So You Think You Own Shares in a Hot Startup? Anthropic Says Not So Fast., and Anthropic Raising $30 Billion More as AI Labs Absorb Majority of VC Funding**.

• Bill Ackman’s Pershing Square Bets on Microsoft’s AI Ambitions With New Stake — Wall Street Journal -
• So You Think You Own Shares in a Hot Startup? Anthropic Says Not So Fast. — Wall Street Journal -
• Anthropic Raising $30 Billion More as AI Labs Absorb Majority of VC Funding — Wall Street Journal -

• Companies Have a New AI Problem: Too Many Agents — Wall Street Journal -
• Japanese flash memory maker’s profits surge on AI frenzy — Financial Times -
• McKinsey set to cut partner cash in post-AI pay revamp — Financial Times -

Shifts and challenges in the energy sector and climate initiatives are evident with developments in **Energy & Utilities Roundup: Market Talk, It’s Not Just U.S. Stocks. A.I. and Oil Are Moving Global Markets, Too., and Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War**.

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• It’s Not Just U.S. Stocks. A.I. and Oil Are Moving Global Markets, Too. — The New York Times Business -
• Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War — The New York Times Business -

• Carney strikes deal over new Canadian pipeline — Financial Times -
• A Start-Up Aiming to Make Geothermal Energy Mainstream Goes Public — The New York Times Business -
• Opinion | Is E15 Fuel Really Cheaper? — Wall Street Journal -
• The World Is Burning Through Its Oil Safety Net — Wall Street Journal -
• Live Q&A: Ask Me Your Questions About EVs — Wall Street Journal -
• Used EVs Are Now the Most Affordable Cars. Here’s How to Buy a Good One. — Wall Street Journal -
• Abu Dhabi backs $13bn US gas plant as Middle East supplies falter — Financial Times -
• ‘Le Total bashing’ grips France over energy profits — Financial Times -
• The oil futures curve is not a crystal ball — Financial Times -

Turbulence in the UK political landscape centers around a looming Labour leadership challenge and its economic implications, indicated by **Brand Burnham strong in Makerfield as voters prepare for ‘hinge moment’, UK government will ‘grind to a halt’ amid leadership race, say ministers, and Labour approves Andy Burnham as potential by-election candidate**.

• Brand Burnham strong in Makerfield as voters prepare for ‘hinge moment’ — Financial Times -
• UK government will ‘grind to a halt’ amid leadership race, say ministers — Financial Times -
• Labour approves Andy Burnham as potential by-election candidate — Financial Times -

• Gilts fall as traders brace for Burnham to challenge Starmer — Financial Times -
• Voters expect a prosperity our politicians cannot deliver — Financial Times -
• Labour’s faultlines are back with a vengeance — Financial Times -
• Burnham eyes Labour crown as Starmer clings on — Financial Times -
• No good outcomes for Starmer — Financial Times -
• Britain’s debt cage — Financial Times -
• UK bosses slam Westminster turmoil — Financial Times -
• Can the UK labour market absorb the energy shock? — Financial Times -
• Starmer braces for leadership challenge by Burnham — Financial Times -

Diverse corporate and industry news includes major company restructuring, market shifts, and notable legal disputes, illustrated by Mercedes-Benz CEO Says Carmaker Is Willing to Enter Defense Production, NPR Podcast Host Ramtin Arablouei Exits Amid Workplace Inquiry, and **Right-to-Repair Advocates Are Taking On Deere Again—This Time in Construction**.

• America’s Favorite Comedian Wants to Be the Next Walt Disney—and He’s Not Joking — Wall Street Journal -
• Mercedes-Benz CEO Says Carmaker Is Willing to Enter Defense Production — Wall Street Journal -
• NPR Podcast Host Ramtin Arablouei Exits Amid Workplace Inquiry — The New York Times Business -

• Right-to-Repair Advocates Are Taking On Deere Again—This Time in Construction — Wall Street Journal -
• Opinion | The World Was Watching Ted Turner’s CNN — Wall Street Journal -
• QVC’s creditors have a nasty case of buyer’s remorse — Financial Times -
• Is Selling a Company Driven More by Luck or Skill? I Asked Poppi’s Founder — Wall Street Journal -
• Endless Shrimp Bankrupted Red Lobster. The Chain Insists It Can Work This Time. — Wall Street Journal -
• LIRR Rail Workers Could Go on Strike Tonight — Wall Street Journal -
• Joe Sedelmaier, Auteur Behind ‘Where’s the Beef?’ Ad, Dies at 92 — The New York Times Business -
• Starbucks to take $400mn charge as it cuts more corporate staff — Financial Times -
• Starbucks to Layoff 300 Corporate Workers — The New York Times Business -
• Starbucks Cuts Hundreds More Corporate Workers in Turnaround Bid — Wall Street Journal -
• Salvatore Ferragamo Plummets After Lack of Growth Acceleration — Wall Street Journal -
• Syensqo Shares Jump on Better-Than-Expected Adjusted Earnings — Wall Street Journal -
• Stellantis, Dongfeng Ink $1.17 Billion Deal to Make Peugeot, Jeep EVs in China — Wall Street Journal -
• Heathrow must allow rival to bid to build third runway, UK regulator says — Financial Times -
• British Gas hit with £90mn in penalties over pre-payment meters — Financial Times -
• Toyota Mulls $2 Billion Investment to Add Assembly Line in Texas — Wall Street Journal -
• China to produce Jeep and Peugeot cars under €1bn Dongfeng deal — Financial Times -
• Honda’s Never Faced a Crisis Like This—and a Comeback Won’t Be Easy — Wall Street Journal -

Key domestic US policy initiatives and social discussions include new healthcare coverage and debates over political funding, highlighted by **Trump Administration Weighs $1.7 Billion Fund for Allies Investigated Under Biden, Judge Bars Kars4Kids From Broadcasting ‘Misleading’ Ads in California, and Some Medicare Patients Can Now Get Free CBD**.

• Trump Administration Weighs $1.7 Billion Fund for Allies Investigated Under Biden — The New York Times Business -
• Judge Bars Kars4Kids From Broadcasting ‘Misleading’ Ads in California — The New York Times Business -
• Some Medicare Patients Can Now Get Free CBD — The New York Times Business -

• Consumers Spent More in April Despite High Gas Prices — The New York Times Business -
• Dan Loeb, Bobby Kotick and Other Business Leaders Backing Spencer Pratt — The New York Times Business -
• ‘No Essay’ College Scholarships May Have Unseen Strings Attached — The New York Times Business -
• Gerrymandered America — Financial Times -
• Medicare Coverage for GLP-1 Weight Loss Drugs: Cost, Eligibility and What to Know — The New York Times Business -
• Arm guards with pepper spray to stop shoplifters, says UK government adviser — Financial Times -
• New York Governor Says Fewer Second Homes to Pay Pied-à-Terre Tax Under New Proposal — Wall Street Journal -

Various other international events and cultural developments, from political elections to artistic mergers, round out global news with **Peru run-off pits autocrat’s daughter against leftwinger, The Met Will Expand by Merging With the Nearby Neue Galerie, and London braces for weekend of protest as far right calls for ‘show of force’**.

• Peru run-off pits autocrat’s daughter against leftwinger — Financial Times -
• The Met Will Expand by Merging With the Nearby Neue Galerie — The New York Times Business -
• London braces for weekend of protest as far right calls for ‘show of force’ — Financial Times -

• Iraq’s new leader pledges to rein in militias — Financial Times -
• Russian missiles in deadly strike were built with western parts, says Ukraine — Financial Times -
• Britain’s padel boom attracts novice investors — Financial Times -
• Musk’s X promises stronger action on illegal hate and terror speech after Ofcom probe — Financial Times -
• Yemen prisoner swap boosts Saudi push to keep Houthis out of war — Financial Times -
• Irish gangster runs for former finance minister’s seat — Financial Times -
• Saudi Arabia curbs complaints about jobs for foreigners — Financial Times -
• Israel’s Eurovision role triggers deep split in contest — Financial Times -
• The high life in Georgian London — Financial Times -
• Photographer Matthieu Salvaing: my crazy, beautiful Camargue — Financial Times -
• Gulf conflict puts focus on local luxury buyers — Financial Times -