Key FactsTrump Launches Diplomatic Mission in Saudi Arabia
2h · Reading time: ~45 sec.
Summary created with AI assistance · Source: cbsnews.com
Summary created with AI assistance · Source: cbsnews.com
- President Trump began his first international trip of his second term in Saudi Arabia, where he was welcomed by Crown Prince Mohammed bin Salman.
- Discussions between Trump and the Crown Prince are expected to focus on issues such as Iran's nuclear program and the Gaza conflict.
- The trip also includes an investment summit in Riyadh with leading executives to strengthen U.S.-Saudi relations.
- Trump will be accompanied by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth, while he will not visit Israel during this trip.
"This trip ultimately highlights how we stand on the brink of the golden age for both America and the Middle East, united by a shared vision of stability, opportunity and mutual respect."— Karoline Leavitt, White House press secretary, discussing the significance of Trump's trip to the Middle East.
In a special welcome, riders on purebred horses carrying the Saudi and US flags escort President Trump's car upon arrival at Al-Yamamah Palace in Riyadh. #TrumpInKSA


Key FactsTrump Family Expands Business Ventures in the Middle East
2h · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- The Trump family's business connections to the Middle East have more than tripled since the president's first term, with numerous new projects announced since his return to office.
- Donald Trump is traveling to the Gulf states this week, raising concerns about potential conflicts of interest as observers fear he prioritizes personal profit over national interests.
- Despite a pledge to refrain from new deals with foreign governments during his second term, a Trump-branded golf course project in Qatar has been announced, linked to a firm backed by Qatar's sovereign wealth fund.
- Critics warn that Trump's business interests in the region could jeopardize national security, while his administration continues to pursue aggressive investments from Gulf nations in the US.
"We live in the age of cancel culture," Eric Trump said, reacting to those moves shortly after the Capitol riot on January 6, 2021.— Eric Trump commented on the business setbacks following the events of January 6, 2021.
Key FactsRob Sand Launches Campaign for Iowa Governor
May 12 · Reading time: ~45 sec.
Summary created with AI assistance · Source: thegazette.com
Summary created with AI assistance · Source: thegazette.com
- Iowa State Auditor Rob Sand announced his candidacy for Iowa governor in 2026.
- The 42-year-old attorney, serving as state auditor since 2019, highlights his commitment to fighting corruption and ensuring government accountability.
- Governor Kim Reynolds' decision not to seek re-election creates an open race with new opportunities for both parties.
- Sand raised $8.6 million in 2022, with $7 million from family, ending the year with $7.5 million in his campaign fund.
I’ve spent my career fighting for Iowans — locking up corrupt public officials, violent criminals, scammers, and thieves, rooting out waste, fraud, and abuse, and holding members of both parties accountable.— Rob Sand, announcing his campaign for Iowa governor.
Sean ‘Diddy’ Combs grabbed and dragged then-girlfriend in NYC hotel, male stripper testifies
timeslive.co.za/lifestyle/2025-05-13-sean-diddy-combs-grabbed-and-dragged-then-girlfriend-in-nyc-hotel-male-stripper-testifies/
Key FactsDiddy Combs Trial: Shocking Testimonies Unfold
11h · Reading time: ~45 sec.
Summary created with AI assistance · Source: timeslive.co.za
Summary created with AI assistance · Source: timeslive.co.za
- A male stripper testified about exploitative sexual encounters between Sean 'Diddy' Combs and his ex-girlfriend Casandra Ventura.
- The stripper recounted an incident where Combs violently treated Ventura in a hotel room, leaving her emotionally shaken.
- Prosecutors suggested Combs lured women into risky relationships and then blackmailed them.
- The defense claimed there was a misunderstanding, while the prosecution portrayed a pattern of violent behavior.
They will tell you about some of the most painful experiences of their lives. The days they spent in hotel rooms, high on drugs, dressed in costumes to perform the defendant’s sexual fantasies.— Emily Johnson, prosecutor during her opening statement.
Key FactsTrump Administration Defends Afrikaner Refugee Program
13h · Reading time: ~45 sec.
Summary created with AI assistance · Source: abcnews.go.com
Summary created with AI assistance · Source: abcnews.go.com
- A flight carrying 59 South African refugees arrived in the U.S. as the Trump administration insists the expedited asylum process is not race-based.
- President Trump stated the asylum program was initiated due to a race-based genocide affecting white farmers in South Africa.
- The South African government rejected allegations of discrimination, criticizing the Trump administration's stance as misleading.
- The Trump administration expedited Afrikaner refugee applications while pausing programs for refugees from other regions, including Afghanistan.
They happen to be white, but whether they're white or black makes no difference to me, but white farmers are being brutally killed and their land is being confiscated in South Africa, and the newspapers and the media, television media doesn't even talk about it.— President Donald Trump defended his administration's decision to offer refugee status to the Afrikaners during remarks at the White House.
RFK Jr. Swims in D.C.’s Rock Creek, Which Flows With Sewage and Bacteria: Robert F. Kennedy Jr., the health secretary, shared photos of himself and his ...
nytimes.com/2025/05/12/us/politics/rfk-jr-rock-creek-bacteria.html

Key FactsKennedy Jr. Swims in Contaminated Rock Creek
15h · Reading time: ~30 sec.
Summary created with AI assistance · Source: nytimes.com
Summary created with AI assistance · Source: nytimes.com
- Robert F. Kennedy Jr. shared photos of himself and his grandchildren swimming in Rock Creek, a contaminated waterway where swimming is prohibited due to sewage overflow.
- The creek has high levels of bacteria, including E. coli, leading the city to ban swimming in all waterways for over 50 years.
- Kennedy swam during a Mother's Day hike in Dumbarton Oaks Park, downstream from a tributary that receives around 40 million gallons of untreated sewage annually.
- This incident adds to his reputation for risky outdoor adventures that have characterized his public persona.
Key FactsConcerns Grow Over Qatar Jet for Trump
4h · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- Senator Rand Paul expressed concerns that accepting a luxury jet from Qatar could impair the U.S.'s ability to criticize human rights violations.
- Trump defended the potential acceptance of the jet as a smart gesture, despite other senators' worries about safety and political implications.
- Senator Rick Scott stated he would not fly on a Qatari plane due to its support for Hamas, while Senator John Thune acknowledged delays in constructing a new Air Force One.
- Democrats sharply criticized the situation, claiming that accepting the jet would violate the Emoluments Clause.
"So the fact that the Defense Department is getting a GIFT, FREE OF CHARGE, of a 747 aircraft to replace the 40 year old Air Force One, temporarily, in a very public and transparent transaction, so bothers the Crooked Democrats that they insist we pay, TOP DOLLAR, for the plane. Anybody can do that! The Dems are World Class Losers!!! MAGA."— President Donald Trump responded to criticism on Truth Social.
UnitedHealth Group CEO steps down; suspends 2025 outlook on higher-than-expected medical costs
apnews.com/article/unitedhealth-ceo-78d0da7e1411138bca8c50b00a518191
Key FactsUnitedHealth Group CEO Abruptly Dismissed
3h · Reading time: ~45 sec.
Summary created with AI assistance · Source: axios.com
Summary created with AI assistance · Source: axios.com
- Andrew Witty, CEO of UnitedHealth Group, is leaving the company immediately for personal reasons.
- Steve Hemsley, who served as CEO from 2006 to 2017, is returning to the role and will remain chairman.
- Witty's departure comes amid challenges such as rising medical costs and a decline in stock price.
- The announcement coincided with the suspension of the company's earnings guidance.
We are grateful for Andrew's stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced.— Steve Hemsley, Chairman of UnitedHealth Group, commented on Andrew Witty's departure.
French President Emmanuel Macron to travel to UK for state visit in July: The King and Queen will host the president and his wife Brigitte Macron at Windsor ...
bbc.com/news/articles/czx0dl7ljeno

Key FactsMacron's State Visit to the UK Scheduled for July
7h · Reading time: ~30 sec.
Summary created with AI assistance · Source: bbc.com
Summary created with AI assistance · Source: bbc.com
- French President Emmanuel Macron is set to visit the UK for a state visit in July, as announced by Buckingham Palace.
- The visit will occur from July 8 to 10 and will be hosted by King Charles and Queen Camilla at Windsor Castle.
- This marks the first state visit by a French president since March 2008, when Nicolas Sarkozy visited.
- The state visit presents an opportunity to strengthen ties between the countries, particularly in trade, culture, and defense.
Microsoft is cutting 3% of its workforce: It's likely Microsoft's largest job purge since it said goodbye to 10,000 employees in 2023.
cnbc.com/2025/05/13/microsoft-is-cutting-3percent-of-workers-across-the-software-company.html

Newsom Asks Cities to Ban Homeless Encampments, Escalating Crackdown: “There are no more excuses,” the California governor said in pushing for municipalities to ...
nytimes.com/2025/05/12/us/newsom-california-homeless-encampments.html
Key FactsNewsom Urges Cities to Combat Homeless Encampments
May 12 · Reading time: ~45 sec.
Summary created with AI assistance · Source: nytimes.com
Summary created with AI assistance · Source: nytimes.com
- Gavin Newsom is urging California cities to ban homeless encampments on public property.
- His administration has invested billions in programs aimed at housing homeless individuals and providing treatment.
- California accounts for about half of the nation's unsheltered homeless population.
- While the ban is not mandatory, Newsom's initiative indicates a shift in addressing homelessness.
"There are no more excuses."— California Governor Gavin Newsom, pushing municipalities to address one of the most visible byproducts of homelessness.
India-Pakistan News Live Updates: ‘India is eternally grateful’, PM Modi celebrates Operation Sindoor victory with Air Force braves | See images
financialexpress.com/india-news/india-pakistan-tensions-live-updates-operation-sindoor-latest-news-pahalgam-terror-attack-jammu-and-kashmir-ceasefire-violation-drones-news/3840871/

Key FactsModi's Clear Message to Pakistan at Adampur Air Base
7h · Reading time: ~45 sec.
Summary created with AI assistance · Source: wionews.com
Summary created with AI assistance · Source: wionews.com
- Prime Minister Narendra Modi visited the Adampur air base in Punjab on May 13, meeting with military personnel engaged in recent conflicts with Pakistan.
- The S-400 air defense system was prominently displayed during his visit, signaling a strong message to Pakistan amidst cross-border shelling and drone attacks.
- Modi also addressed the brutal attacks on civilians, denouncing such acts that threaten the nation's harmony.
- His visit and support for the armed forces emphasize India's resolve to remain strong in the current situation.
"The merciless killing of innocent citizens in front of their family and their children on the basis of their religion was a very gruesome face of terror and cruelty."— PM Modi expressing sorrow over the Pahalgam terror attack, highlighting the brutality of the violence.
Inflation rate rose by 2.3% in April, CPI report shows. Here's what the data means.
cbsnews.com/news/cpi-report-today-april-2025-inflation-trump-tariffs/
Key FactsInflation and Tariffs: Mixed Market Reactions
36m · Reading time: ~45 sec.
Summary created with AI assistance · Source: investors.com
Summary created with AI assistance · Source: investors.com
- April's consumer price index data fell below expectations as Trump tariffs increased.
- The S&P 500 rose slightly as recession fears eased and Fed rate cut probabilities were lowered.
- Economists noted rising prices for household goods and appliances due to tariffs, while inflation expectations for the Fed remained steady.
- Markets exhibited mixed reactions to the CPI data, with expectations for Fed rate cuts being reduced.
"This report brings the first clear evidence of upward pressure on goods prices from the tariffs."— Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, discussing the impact of Trump tariffs on goods prices.
Gateway Arch featured in ad campaign protesting Trump’s park cuts: A billboard featuring the St. Louis Gateway Arch reads "Greetings from Gateway Arch ...
stltoday.com/news/local/government-politics/article_deb0db0e-3244-4daf-a848-725c18b16076.html

Saudi Arabia's Crown Prince Mohammed bin Salman greeted Elon Musk at the royal court in Riyadh. Mr Musk is expected to speak at the Saudi-US Investment Forum ... Show more


The Memo: Trump makes pivot on tariffs, seeking firmer political ground: President Trump is resetting on tariffs after almost six weeks of turmoil that ...
thehill.com/homenews/administration/5296614-trump-tariffs-agreement-china-us/

Key FactsChina Views Trade Agreement as Major Victory
20h · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- Chinese officials are portraying the trade agreement and 90-day tariff pause as a victory for Beijing and validation of their negotiation strategy.
- Public sentiment in China indicates negotiators succeeded in lowering tariffs from 145% to 30%.
- The agreement is being leveraged to enhance China's image as a responsible trading partner, despite international criticism of its negotiation tactics.
- Global stock markets surged following the announcement of the deal, while the U.S. and China plan to engage in further discussions in the coming weeks.
"We will resolutely safeguard our legitimate interests and uphold international fairness and justice."— Foreign Ministry spokesman Lin Jian said this before the trade talks.
Trump Kills 'Woke' Broadband Program Because It Has the Word 'Equity': The $2.75B program was created to boost digital skills and spur greater broadband adoption ...
cnet.com/home/internet/trump-kills-woke-broadband-program-because-it-has-the-word-equity/
Amazon teams up with FedEx for big package deliveries after UPS pullback: Amazon-FedEx Partnership: FedEx stock jumped on Monday, rising 7 per cent following its ...
business-standard.com/companies/news/amazon-teams-up-with-fedex-for-big-package-deliveries-after-ups-pullback-125051300602_1.html
Key FactsFedEx and Amazon: New Delivery Partnership
6h · Reading time: ~45 sec.
Summary created with AI assistance · Source: barrons.com
Summary created with AI assistance · Source: barrons.com
- Amazon will some packages delivered by FedEx, marking a significant shift for both companies.
- FedEx shares rose by 0.9% following the announcement, reflecting a positive market response, while UPS shares fell due to concerns over lost business.
- The partnership with Amazon does not replace UPS, as Amazon utilizes multiple logistics partners and delivers two-thirds of its own packages.
- FedEx's financial outlook has improved since its split from Amazon in 2019, whereas UPS faces challenges with stagnant earnings.
We’ve reached an agreement with FedEx to serve as one of several third-party partners to deliver packages to our customers.— Amazon spokesman Steve Kelly said in an emailed statement.
🔊 'It does fit into a framework that President Trump has put forward... of whites in the US who have not had what he might say is equal treatment ... Show more
reuters.com
reuters.com
Key FactsKey Testimonies in Sean Combs' Sex Trafficking Trial
17h · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Male stripper Daniel Phillip testified about incidents where Sean Combs allegedly assaulted his then-girlfriend Casandra Ventura in a hotel.
- Combs is accused of luring women into drug-fueled sex parties and then blackmailing them with recorded videos.
- The defense claimed the relationships were consensual, while the prosecution described Combs' violent behavior.
- Facing five felony counts, Combs could receive a mandatory minimum sentence of 15 years if convicted.
"She literally jumped into my lap and she was shaking, like literally her whole entire body was shaking. She was terrified."— Daniel Phillip, the male stripper who testified as a witness for the prosecution.
When Donald Trump launched his trade war on the world, he issued a stern warning: “Do not retaliate and you will be rewarded.”
China ignored the warning ... Show more
China Called Trump’s Bluff
China Called Trump’s Bluff
US Says Trump Visit Secured $600 Billion in Investments From Saudi Arabia: US President Donald Trump has secured $600 billion in investment commitments during a ...
bloomberg.com/news/articles/2025-05-13/us-says-it-secured-600-billion-in-investments-from-saudi-arabia


Trump family-backed bitcoin mining firm to go public – Here’s all you need to know
financialexpress.com/world-news/trump-family-backed-bitcoin-mining-firm-to-go-public-heres-all-you-need-to-know/3843147/

Key FactsBitcoin Price Dips Following US-China Trade Truce
20h · Reading time: ~45 sec.
Summary created with AI assistance · Source: coindesk.com
Summary created with AI assistance · Source: coindesk.com
- Bitcoin fell below $102,000 after the U.S. and China announced a temporary trade truce.
- The price peaked at nearly $106,000 before dropping to $101,300, reflecting a 3% decline over 24 hours.
- Analysts expect altcoins and U.S. equities, which underperformed in the first quarter, to stabilize as Bitcoin continues to benefit from current market conditions.
- The 90-day tariff pause may provide short-term positive signals for risk assets like cryptocurrencies, but volatility is likely to return due to the temporary nature of the agreement.
"Lower tariffs ease inflationary pressures and improve global liquidity conditions, both of which are typically bullish for BTC and other cryptocurrencies."— Kirill Kretov, trading automation expert at CoinPanel, commenting on the current market situation.
BREAKING: Trump pulls additional $450 million in funding to Harvard


Key FactsPolitical Turmoil Over Ceasefire in Ukraine Conflict
3h · Reading time: ~45 sec.
Summary created with AI assistance · Source: fr.de
Summary created with AI assistance · Source: fr.de
- The AfD calls for consideration of Russia's security interests in peace negotiations.
- Chancellor Merz urges negotiations in Turkey and warns of sanctions if Putin does not agree.
- Selenskyj insists he will only meet with Putin and criticizes ongoing Russian attacks.
- China expresses support for a ceasefire and Ukraine negotiations, while the Kremlin rejects Western ultimatums.
"I admire the courage of Volodymyr Zelenskyy to do this now despite these most difficult circumstances."— Chancellor Friedrich Merz about Ukrainian President Volodymyr Zelenskyy during a press conference.
Trump executive order gives drugmakers 30-day deadline to lower drug costs: President Donald Trump has signed a sweeping executive order setting a 30-day ...
apnews.com/article/trump-prescription-drugs-prices-most-favored-nation-4c620a32ccd193b793ba1558f3fe93e0

Coinbase joining S&P 500 days after bitcoin soared past $100,000 : Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired.
cnbc.com/2025/05/12/coinbase-joining-sp-500-replacing-discover-financial.html

Key FactsCoinbase Joins S&P 500 Amid Bitcoin Surge
18h · Reading time: ~30 sec.
Summary created with AI assistance · Source: cnbc.com
Summary created with AI assistance · Source: cnbc.com
- Coinbase is joining the S&P 500, replacing Discover Financial Services, effective May 19.
- Shares of Coinbase rose 8% in after-hours trading as Bitcoin surpassed $100,000 in value.
- Despite being a volatile stock, Coinbase reported a net income of $65.6 million for the last quarter, down from the previous year.
- Additionally, Coinbase announced plans to acquire the crypto derivatives exchange Deribit for $2.9 billion to expand its global presence.
The US and Saudi Arabia have signed multi-billion-dollar deals across key sectors during President Trump’s visit to Riyadh ... Show more


Why is Bella Ramsey the target of so much hate? ‘The Last of Us’ star sparks the fury of the manosphere
english.elpais.com/culture/2025-05-12/why-is-bella-ramsey-the-target-of-so-much-hate-the-last-of-us-star-sparks-the-fury-of-the-manosphere.html

Key FactsSurprise Announcement: Fallout Season 2 Arrives in 2025
1h · Reading time: ~45 sec.
Summary created with AI assistance · Source: techradar.com
Summary created with AI assistance · Source: techradar.com
- Amazon has confirmed that Fallout season 2 will be released before the end of 2025.
- Filming for season 2 wrapped on May 8, making the upcoming premiere particularly unexpected.
- Additionally, the series has been renewed for a third season, which is not surprising given its success.
- The producers express excitement about providing fans with another journey through the post-apocalyptic world of Fallout.
"The holidays came a little early this year [and] we are thrilled to be ending the world all over again for a third season of Fallout."— Executive producers Jonathan Nolan and Lisa Joy said in a statement.
Trump Asks Drugmakers to Voluntarily Lower US Prices, but Will They Comply?: Despite not having the legal authority to do so, President Trump signs an executive ...
cnet.com/health/medical/trump-asks-drugmakers-voluntarily-lower-us-prices-will-they-comply/
Key FactsTrump's Directive Aims to Lower Drug Prices
17h · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- President Trump signed an order directing drug prices to align with those in other countries.
- Analysts expressed skepticism about the order's implementation, while pharmaceutical stocks increased.
- The directive instructs the FTC to investigate anti-competitive practices and may face legal challenges.
- Trump intends to enforce price reductions through measures like importing drugs and promoting direct consumer purchases.
"Everybody should equalize. Everybody should pay the same price."— Donald Trump at a press conference urging drugmakers to lower medicine prices.
Trump to Meet Syrian President in Saudi Arabia, US Official Says: US President Donald Trump will briefly meet Syria’s new leader, Ahmed al-Sharaa ...
bloomberg.com/news/articles/2025-05-13/trump-to-meet-syrian-president-in-saudi-arabia-says-us-official


Tesla chief executive Elon Musk, OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang were among the business and tech leaders greeted by Saudi Arabia's Crown ... Show more


Elon Musk benefits from millions in EU funds: Tesla CEO Elon Musk is highly controversial in the EU - | and not just because of his support for the AfD ...
diepresse.com/19677871/elon-musk-profitiert-von-eu-geldern-in-millionenhoehe
Casandra 'Cassie' Ventura takes the stand in Sean 'Diddy' Combs trial: Updates: Casandra "Cassie" Ventura is taking the stand in Sean "Diddy" Combs' criminal ...
usatoday.com/story/entertainment/celebrities/2025/05/13/cassie-ventura-sean-diddy-combs-trial-updates-testify/83077344007/

Judge refuses to block IRS from sharing tax data to identify people illegally in U.S.
npr.org/2025/05/13/nx-s1-5396461/courts-irs-tax-undocumented-immigrants

The Wall Street Journal reports Apple has plans to raise iPhone prices later this year, whether tariffs rise again or not ... Show more
Key FactsApple Considers iPhone Price Increases Amid Trade Tensions
May 12 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Apple is considering raising prices for its upcoming iPhone lineup while avoiding links to U.S. tariffs on Chinese imports.
- The company's shares rose 7% in premarket trading after an agreement to temporarily reduce reciprocal tariffs between Washington and Beijing.
- Analysts warn that price increases could risk Apple's market share as competitors like Samsung offer attractive features.
- The planned hikes may coincide with new features and a slimmer design to justify the increased costs.
China removes ban on Boeing deliveries after US trade truce, Bloomberg News reports
english.alarabiya.net/News/world/2025/05/13/china-removes-ban-on-boeing-deliveries-after-us-trade-truce-bloomberg-news-reports
Key FactsChina Lifts Boeing Delivery Ban Amid Tariff Negotiations
7h · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- China has lifted a ban on Boeing aircraft deliveries following a temporary tariff reduction agreement with the U.S.
- Beijing has informed domestic airlines that U.S. aircraft deliveries can resume this week.
- Boeing aims to deliver 50 jets to Chinese carriers this year, with 41 already in production or pre-built.
- Chinese customers are expected to accept 25 of the remaining 30 737 MAX jets built before 2023, along with several 777 freighter planes.
Trump promises to order that the US pay only the price other nations do for some drugs
twincities.com/2025/05/12/trump-prescription-drugs-executive-order/

Pressed on corruption allegations against Trump, Karoline Leavitt offers pitiful defense
msnbc.com/rachel-maddow-show/maddowblog/pressed-corruption-allegations-trump-karoline-leavitt-offers-pitiful-d-rcna206344

China offers Latin America and the Caribbean billions in bid to rival US influence
reuters.com/world/china-latin-america-trade-exceeded-500-billion-2024-2025-05-13/
Trump trade war faces legal challenge from businesses, states: The president is now facing at least seven lawsuits that argue he’s gone too far and asserted ...
sun-sentinel.com/2025/05/13/trump-tariffs-lawsuits/

He Was a Refugee as a Child. Now, He Runs 11 Businesses — and Has an Unexpected Mantra.
entrepreneur.com/franchises/he-was-a-refugee-as-a-child-now-he-runs-11-businesses/490261

Watch Live: Trump speaks after White House announces $600 billion Saudi investment deal
cbsnews.com/news/trump-speaking-us-saudi-investment-summit-riyadh/
Caterpillar Stock Rises as Analyst Upgrades Shares Twice This Month: Baird analyst Mig Dobre raised his rating to Buy from Hold. His price target went to $395 a ...
trib.al/7aJc62t

Key FactsUS Reduces De Minimis Tariff on Chinese Imports
6h · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The United States is cutting the de minimis tariff on low-value imports from China to 54% to ease trade tensions.
- This tariff reduction follows a deal between Beijing and Washington to unwind most tariffs imposed since early April.
- The new tariff will take effect on May 14, 2025, and a planned flat fee of $200 will be scrapped.
- Experts suggest that the peak of small package deliveries from China to the U.S. may be over.
"54% was still very high."— Jianlong Hu, CEO of Brands Factory, a Chinese cross-border e-commerce consultancy, commented on the new tariffs.
Pharmaceutical industry criticizes pricing plan Trump says he'll sign: President Trump’s plan to change the pricing model for some medications is facing fierce ...
orlandosentinel.com/2025/05/12/trump-prescription-drugs-pharmaceutical-backlash/

Philippine elections: Duterte elected mayor from ICC prison: The former president's win was expected, but other races in the midterms proved less predictable.
bbc.com/news/articles/crk24jxk646o
Key FactsDuterte Wins Mayoral Election from ICC Detention
10h · Reading time: ~45 sec.
Summary created with AI assistance · Source: cnn.com
Summary created with AI assistance · Source: cnn.com
- Former Philippine President Rodrigo Duterte is poised to win the mayoral election in his hometown despite being detained at the International Criminal Court.
- With 80% of votes counted, Duterte has a substantial lead over his nearest rival, showcasing his enduring influence in Davao.
- His arrest has sparked outrage among supporters, who view it as a foreign meddling, while he continues to defend his controversial drug crackdown.
- The Duterte family's political strength remains significant in Davao as his daughter, Vice President Sara Duterte, faces a potential impeachment trial.
"The ICC lawyer said once we get proclamation papers, we will discuss how he can take oath."— Sara Duterte, daughter of former President Rodrigo Duterte, regarding plans for her father's inauguration as mayor.
What Elon Musk could learn from Bill Gates about leadership, managing: The one-time world's richest man just schooled today's world's richest man in the ...
businessinsider.com/elon-musk-bill-gates-leadership-lesson-international-aid-doge-2025-5
Singer and Trump critic: John Legend is "very worried" about the USA: Trade war and deportations - | Singer John Legend is currently pessimistic about the USA: ...
spiegel.de/panorama/leute/john-legend-macht-sich-grosse-sorgen-um-die-usa-unter-donald-trump-a-6466ef6c-d9ea-4e60-b57b-d3fb9448f6a2
US budget surplus rises 23% to $258 billion in April, customs revenue surges: The U.S. government posted a $258 billion budget surplus for April ...
reuters.com/business/us-budget-surplus-rises-23-258-billion-april-customs-revenue-surges-2025-05-12/
Kremlin Silent as Ukraine War Ultimatum Deadline Passes: What Happens Next: Ukraine and its European allies called on Russian President Vladimir Putin to agree ...
newsweek.com/kremlin-russia-ukraine-war-ceasefire-deadline-2071382

Key FactsZelensky Demands Face-to-Face Talks with Putin
5h · Reading time: ~45 sec.
Summary created with AI assistance · Source: rte.ie
Summary created with AI assistance · Source: rte.ie
- Ukrainian President Volodymyr Zelensky stated he would only participate in talks with Russia if Vladimir Putin is also present.
- The talks, scheduled for this week in Istanbul, are part of peace efforts led by US President Donald Trump, who has also offered to attend.
- Zelensky called for an unconditional 30-day ceasefire as a first step towards ending the war, while Putin proposed direct talks but has not confirmed his attendance.
- Europe has rallied behind Kyiv and is pushing for new sanctions against Russia if a ceasefire is not accepted.
"If he takes the step to say he is ready for a ceasefire, then it opens the way to discussing all the elements to end the war."— Ukrainian President Volodymyr Zelensky on the necessity of a ceasefire and the importance of Putin's participation in the talks.
Medicaid recipients could face work requirements under GOP bill. Here are the details.
cbsnews.com/news/medicaid-bill-work-requirement-funding-cuts-what-to-know/
Trump: The EU is ‘nastier than China’: U.S. president launches blistering new trade attack against Brussels, as he agrees to cool tariff war with Beijing.
politico.eu/article/trump-eu-nastier-than-china/

Samsung launches slimmest smartphone in race against rival Apple: Samsung Electronics made public on Tuesday its slimmest flagship model to date ...
reuters.com/world/asia-pacific/samsung-launches-slimmest-smartphone-races-against-rival-apple-2025-05-13/
Illinois Gov. JB Pritzker signs order restricting autism data collection: Illinois Gov. JB Pritzker signed an executive order in response to federal efforts to ...
usatoday.com/story/news/nation/2025/05/13/illinois-governor-jb-pritzker-autism-data-collection/83590966007/
GM's New Battery Tech Could Be a Breakthrough for Affordable EVs: General Motors has cracked the chemistry of lower-cost, energy-dense electric vehicle batteries ...
wired.com/story/gms-new-battery-tech-could-be-a-breakthrough-for-affordable-evs/
President Trump spoke after the US and China reached a ‘better-than-expected’ deal to temporarily slash tariffs Trump says US and China negotiated 'total reset' in Geneva talks


A bill introduced in Congress, dubbed the Donald J. Trump $250 Bill Act, aims to create a new denomination of U.S. currency featuring the president’s image ... Show more


Pope Leo calls for journalists to be released from prison: The new pontiff expressed solidarity with journalists who had been jailed for "reporting the truth".
bbc.com/news/articles/cg71gne9ydko
Trump and Pope Leo are now Earth's most powerful Americans, leading in different roles and realms - International - World
english.ahram.org.eg/News/546136.aspx

Key FactsPope Leo XIV Calls for End to All Wars
May 11 · Reading time: ~45 sec.
Summary created with AI assistance · Source: huffpost.com
Summary created with AI assistance · Source: huffpost.com
- Pope Leo XIV used his first Sunday blessing to call for an end to all wars, highlighting the tragedies in Ukraine and Gaza.
- He emphasized the need for an immediate ceasefire in Gaza, the release of hostages, and a quick path to lasting peace for Ukraine.
- Leo expressed hope for a lasting peace agreement between India and Pakistan, despite reports of resumed bombings following a ceasefire announcement.
- Cardinal Blase Cupich noted that Leo will continue the Church's social justice agenda, focusing on issues like immigration and climate change.
"I carry in my heart the suffering of the beloved Ukrainian people."— Pope Leo XIV speaks about the war in Ukraine during his first Sunday blessing.
US mission in Taipei says Trump's 'unification' comment was about US-China trade: U.S. President Donald Trump's comment on "unification" was about the U.S ...
reuters.com/world/us-mission-taipei-says-trumps-unification-comment-was-about-us-china-trade-2025-05-13/
China's Xi slams 'bullying' as Beijing hosts LatAm leaders: BEIJING: Chinese President Xi Jinping vowed on Tuesday (May 13) to deepen ties with ...
channelnewsasia.com/east-asia/china-xi-jinping-latin-america-us-tariffs-bullying-5125781

Shang-Chi star Simu Liu engaged to girlfriend Allison Hsu: 'I choose you forever'
ew.com/shang-chi-star-simu-liu-engaged-to-girlfriend-allison-hsu-11733456
Key FactsSimu Liu Proposes in Paris to Allison Hsu
17h · Reading time: ~45 sec.
Summary created with AI assistance · Source: goodmorningamerica.com
Summary created with AI assistance · Source: goodmorningamerica.com
- Simu Liu proposed to his girlfriend Allison Hsu over the weekend.
- The couple shared photos of their picturesque engagement in Paris on Instagram.
- Liu expressed his love for Hsu by stating, 'I choose you forever and always.'
- Hsu proudly showcased her engagement ring in a post, referring to Liu as her partner for life.
"I choose you forever and always."— Simu Liu about his proposal to Allison Hsu in Paris.
China says fentanyl issue is responsibility of the United States: The responsibility of tackling the fentanyl issue in the United States lies within the U.S ...
reuters.com/business/healthcare-pharmaceuticals/china-says-fentanyl-issue-is-responsibility-united-states-2025-05-13/
Kentucky’s Republican senators are key voices opposing Trump on tariffs: As tariffs and trade deals seem to change and shift day by day, Kentucky businesses are ...
lpm.org/news/2025-05-12/kentuckys-republican-senators-are-key-voices-opposing-trump-on-tariffs

US-China trade deal live: Tariffs to be lowered for 90 days, US stock futures rally
reuters.com/world/us-china-tariff-live-updates-bessent-greer-announce-details-constructive-geneva-2025-05-12/
Josh Hawley warns against Medicaid cuts and says Republicans are in ‘identity crisis’
theguardian.com/us-news/2025/may/12/josh-hawley-republicans-medicaid-cuts

Key FactsHawley Critiques GOP Medicaid Cuts Rigorously
23h · Reading time: ~45 sec.
Summary created with AI assistance · Source: thehill.com
Summary created with AI assistance · Source: thehill.com
- Senator Josh Hawley warns against his party's proposed Medicaid cuts, which could lead to millions losing health insurance.
- In an op-ed, Hawley stated that funding Trump's agenda through healthcare cuts is both morally wrong and politically suicidal.
- He emphasized that Republican voters support and depend on social insurance programs.
- Hawley's opposition signals potential challenges for the bill in the Senate, where several GOP senators show little interest in Medicaid changes.
If Republicans want to be a working-class party — if we want to be a majority party — we must ignore calls to cut Medicaid and start delivering on America’s promise for America’s working people.— Senator Josh Hawley (R-Mo.) warns against cuts to Medicaid and emphasizes the need to support social insurance programs.
Trump is visiting 3 countries where his family business made recent deals: Donald Trump's trip to the Middle East brings attention to the Trump Organization's ...
businessinsider.com/trump-middle-east-family-business-deals-saudi-arabia-qatar-uae-2025-5