WSJ Minute Briefing

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

Plus: Toyota tops analyst expectations on the back of a weaker Yen. And AB InBev continues to feel the impact of declining Bud Light sales in the U.S. 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: Tesla shares decline 3.8% as a federal regulator wants more information on the autopilot system tied to a December recall. Lyft shares rise 2% on an upbeat earnings report. 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: Porn star Stormy Daniels testifies in Donald Trump’s hush-money trial. Disney says it is getting close to profitability in its streaming unit. 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: Israel seizes a key Gaza border crossing ahead of a planned assault on Rafah. And BP and Saudi AraMco report drops in profit amid weak demand and lower crude prices. 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 decline 0.8% as the FAA launches an investigation into whether employees skipped some inspections on 787 Dreamliners. Tyson Foods shares fall 5.7% after the company said improving chicken profitability helped offset losses in its beef business. 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 judge in Donald Trump’s hush-money trial finds him in contempt of court for a 10th time. ABC News president Kim Godwin steps down after a corporate restructuring. 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: Israel begins warning Gazans to evacuate ahead of an anticipated offensive on the city of Rafah. And Berkshire Hathaway trims its stake in Apple and closes its position in Paramount Global. 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: Apple shares rise 6% after the iPhone maker predicted a rise in sales this quarter. Shares of travel booking site Expedia fell 15% after reporting disappointing results. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Eurozone’s unemployment rate held steady at a record low in March. Israel has given Hamas one week to accept a cease-fire deal. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: TikTok tells advertising clients that it will fight the looming U.S. ban of its app in court. And, journalists face growing threats around the world. Luke Vargas hosts. Listening on Google Podcasts? Here’s our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Paramount Global shares jump after Sony Pictures and Apollo Global Management make a $26 billion offer. Cigna shares fall after the healthcare company reports a quarterly loss. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Peloton says CEO Barry McCarthy is stepping down and it reduces its global workforce by 15%. Exxon Mobil agrees not to add Pioneer Natural Resources CEO Scott Sheffield to its board as part of a deal to acquire the company. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices