WSJ Minute Briefing

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

Plus: Alarm in Washington as Russia tests a weapon with the potential to destroy hundreds of satellites. And, Warren Buffet’s latest big investment is Chubb. Kate Bullivant hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Stocks rallied in response to April’s inflation rate falling to 3.4%. Plus: McDonald’s shares rise 1.2% as the fast-food giant plans a $5 meal bundle this summer. 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: President Biden and former President Donald Trump agree to two debates in June and September. Slovakia’s prime minister is in critical condition after being shot multiple times. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Justice Department says Boeing violated a criminal settlement reached over two 737 MAX crashes. And, OpenAI’s chief scientist Ilya Sutskever is set to leave the company. 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: Alphabet shares rise 0.6% as Google plans to show AI-powered search results to people by year’s end. GameStop shares climb another 60% following Monday’s surge. 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 producer price index that reflects what suppliers charge businesses rose more than expected in April. Walmart plans to cut hundreds of corporate jobs and ask most remote workers to return to offices. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Mining giant Anglo American plans to split up its assets after rejecting a $43 billion takeover offer from rival BHP. And, the White House announces a swathe of new tariffs on China. 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: Intel shares finish 2.2% higher following a WSJ report that it is close to securing $11 billion to build a chip plant in Ireland. Kraft Heinz shares rise 0.7% after we reported it is exploring a sale of Oscar Mayer. 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: Mining company Anglo American rejects a sweetened $43 billion takeover bid from rival BHP. China will begin selling ultralong bonds to support its economy. 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: Former lawyer Michael Cohen is set to testify in Donald Trump’s hush money trial. And, workers at a Mercedes plant in Alabama vote on whether to join the UAW. 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: Chip stocks rise after TSMC posts strong April revenue figures. Novavax shares nearly double after the drugmaker strikes a licensing deal with French healthcare company Sanofi. 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: Tesla CEO Elon Musk says the company plans to spend more than $500 million to expand its electric-vehicle charging network this year. Police cleared pro-Palestinian encampments at the University of Pennsylvania and MIT. 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: Honda and Nissan are forecasting a drop in annual net profits. And Apple apologizes for a new iPad ad seen by many as distasteful to creatives. 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: T-Mobile shares advance 1.1% and Verizon shares climb 0.8% on a WSJ report that the companies are in talks to carve up U.S. Cellular. The average 30-year mortgage rate fell to its lowest level since mid-April. 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: Norfolk Southern shareholders vote against ousting CEO Alan Shaw. The Bank of England holds interest rates steady at a 16-year high. 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: Intel lowers its sales outlook after the Commerce Department revokes some exports licenses to Huawei. And Uber delivers a surprise loss despite rising revenue. 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: Shopify shares fall 19% after the company forecast slower sales. Reddit shares rise 4.1% on strong user growth. 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: Microsoft says it is investing billions of dollars on AI in Wisconsin. The estate of bankrupt cryptocurrency exchange FTX says most creditors will receive their money back in cash and interest. 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