WSJ Minute Briefing

Plus: Ukrainian president Volodymyr Zelensky says he wants to meet his Russian counterpart Vladimir Putin face-to-face later this week in Turkey. And pharma stocks fall after President Trump said he would sign an executive order aimed at lowering the cost of prescription drugs. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Trump floated lowering tariffs on Chinese imports to 80%. Major indexes were down for the week despite Thursday’s rally. Plus: Expedia shares dropped after reporting weakening travel demand to and from the U.S. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Beijing, on the other hand, pledged to step up enforcement of export controls on strategic mineral resources. Plus: the U.K. announces its “largest ever sanction package” on key players in the Russian oil trade. AMC profits shrink despite streaming revenue growth. And Panasonic will cut 10,000 jobs globally. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Tech leaders tell lawmakers that the U.S. risks falling behind China if Washington does not streamline AI policy. And President Trump considers bringing the so-called “millionaire tax” back to life. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The deal lays out a framework for some tariffs to be lowered or exempted. Plus: Carvana shares rise after CEO says used-car businesses won’t be as affected by import taxes. And Cardinal Robert Francis Prevost becomes the first American-born Pope. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Threat of levies on $107 billion of goods is in case negotiations fail. Plus: U.S. jobless claims fell last week, indicating labor market resilience. Molson Coors reported a drop in first-quarter net income. And Johnson & Johnson spinoff Kenvue saw Q1 earnings growth ahead of expectations. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Trump administration is planning to overhaul regulations that limit AI chip sales to some countries. And Maersk backs its guidance despite cautioning on container demand. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Fed Chair Jerome Powell says risks to economic growth from President Trump’s tariffs haven’t appeared yet, but his concerns have some investors worried about stagflation. Plus: Disney shares jump after announcing plans for a new theme park in Abu Dhabi. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The House of Mouse also reported a March quarter rise in revenue. Plus: Uber swings to profit from bookings growth but misses Wall Street estimates. Pakistan vows to respond to India’s airstrikes. And the papal conclave to elect a new pope begins. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: NovoNordisk downgrades its guidance amid competition from copycat versions of its weight-loss and diabetes drugs. And U.S. electric vehicle sales drop despite growth in the broader car market. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Investor nervousness over U.S. tariffs and a lack of announced trade deals push major stock indices lower. Plus: Shares of Clorox fall after the company revises its guidance to include the impact of tariffs. And Palantir shares drop, with some analysts questioning the rapid growth of the company’s market cap. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Germany’s Friedrich Merz wins chancellorship on second vote, starting his term in a weakened position. DoorDash reports a first-quarter profit, and plans to acquire Deliveroo and SevenRooms. And the EU lays out plans to cut Russian energy imports by 2027. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The battle between elite universities and the government ramps us as the Trump Administration informs Harvard University that it will not provide the school with any federal grants. And German conservative leader Friedrich Merz’s bid to become the country’s next chancellor fails in the first vote in parliament. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Shares of movie producers fell after President Trump said he authorized a 100% tariff on movies made outside the U.S. Plus: Berkshire Hathaway stock declined on the first trading day after Warren Buffett announced his plans to retire. And Skechers shares soared after agreeing to a $9.4 billion take-private deal. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Beijing’s decade-old “Made in China” plan has narrowed the country’s tech gap with the West, according to a U.S. study. Gas company Sunoco is set to acquire Canada’s Parkland, which would create the biggest independent fuel distributor in the Americas. And Skechers is going private. Charlotte Gartenberg hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Trump calls for a 100% tariff on movies made overseas. And oil tumbles after OPEC+ agrees on another large supply hike. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Signs of thawing trade relations between the Trump administration and China helped boost stocks. But the trade war continues to cause nervousness. Apple shares fell after it said it expects to add $900 million in tariff costs next quarter. And Block shares drop as consumers cut back on non-essential spending. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: President Trump threatens to revoke Harvard University’s tax exemption. And Goldman Sachs changes some of the language around its diversity programs, removing references to race. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Europe looks to resolve its trade dispute with the U.S. by buying $56 billion worth of U.S. goods. And China considers starting talks with the U.S. to halt the trade war, but only if Washington cancels tariffs against Beijing. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nasdaq leads indexes higher. Plus: Apple sales surge on iPhone demand ahead of tariff uncertainty. And Microsoft, Meta, and other tech stocks rise. Zoe Kuhlkin hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices