WSJ Minute Briefing

Plus: Another record trading day for chipmaker Nvidia. Intuit shares fall after executives said the number of people using its TurboTax product for free declined. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The U.S. and its allies are crafting a plan to fund Ukraine with interest payments from frozen Russian assets. Eli Lilly says it will spend more than $5 billion to boost production of weight-loss drug Zepbound and diabetes treatment Mounjaro. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The NCAA agrees to allow schools to pay student athletes directly. And, the Louisiana legislature passes a bill that classifies abortion bills as controlled substances. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Boeing shares slide 7.6% after its finance chief warned of significant cash-flow problems. Average mortgage rates fall below 7% for the first time in more than a month. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: South Korea unveils a $19 billion package to boost its semiconductor industry. Trump says his relationship with Putin will help free jailed WSJ reporter Evan Gershkovich. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Justice Department plans to sue Live Nation alleging the company illegally suppressed competition. And, China has launched large-scale military drills encircling Taiwan. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The big U.S. indexes fall after Federal Reserve minutes indicate interest rates could remain higher for longer. Solar stocks climb on optimism that new tariffs on Chinese solar panels could boost the sector. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. home prices unexpectedly declined in April. Target said sales fell 3.7% over the past three months. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Donald Trump decides against testifying in his hush-money trial in New York. And, shares of chipmaker Nvidia hit another record ahead of today’s earnings report. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The S&P 500 and Nasdaq close at record levels. Macy’s shares rise 5.1% after the department-store chain raised its outlook. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The defense rests in Donald Trump’s hush-money trial without the former president testifying. Samsung Electronics replaces the head of its semiconductor business after the company fell behind rivals in the recent artificial-intelligence boom. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Chairman of the FDIC, Martin Gruenberg, has said he will resign from his post. And, the Environmental Protection Agency is warning that American drinking-water systems are vulnerable to cybersecurity threats. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: JPMorgan shares fall 4.5% after CEO Jamie Dimon said he’ll likely leave his post within five years. Netflix shares climb 3.2% to their highest level since late 2021. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Starwood Capital Group’s $10 billion real-estate fund is scrambling to avoid a cash crunch. Sen. Sharrod Brown, chairman of the Senate Banking Committee, has called for the ouster of FDIC chairman Martin Gruenberg after allegations of widespread harassment and discrimination at the agency. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: China announces sanctions against Boeing and other U.S. defense contractors. And, Red Lobster files for chapter 11 bankruptcy in Florida. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Take-Two Interactive shares rise despite the company delaying Grand Theft Auto release. Reddit shares climb 10% after it signs a deal with OpenAI. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Voting results are expected today at a Mercedes-Benz plant in Alabama regarding UAW representation. At least four people were killed after surprise, hurricane-strength winds battered Houston. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Allies of former president Donald Trump draw up plans for an unprecedented immigration crackdown. And, Spirit AeroSystems plans to lay off between 400 to 450 workers. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: the Dow touches 40000 before closing lower. Chubb shares climb 4.7% after Warren Buffett’s Berkshire Hathaway announces a $6.7 billion stake in the insurer. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Supreme Court on Thursday rejected a constitutional challenge that could have dismantled the Consumer Financial Protection Bureau. President Biden asserts executive privilege over audio of his two-day special counsel interview regarding the handling of classified documents. J.R. Whalen reports. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices