WSJ

Bessent Hails ‘Productive’ U.S.-China Trade Talks

• Greer suggested that some sort of agreement had been reached with the Chinese side without providing specifics.

Trump Administration in Talks to Accept New Air Force One as Gift From Qatar

How Tariffs Are Crushing Small Businesses: ‘Nobody in Power Seems to Care’

• Unlike larger companies, small businesses have fewer levers to pull to help them endure the new tariff regime. Most work with a single factory or a handful of suppliers, making switching production to lower-tariff countries especially difficult. Smaller margins, thinner cash cushions and tiny staffs leave them more vulnerable to trade battles and other economic storms.

Zelensky Agrees to Talks With Russia, After Trump Intervention

CNBC

Trump heads to the Middle East with oil, trade and nuclear ambitions on the table

• for an official trip with stops in Saudi Arabia, Qatar and the United Arab Emirates.

First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports

• with goods for Amazon, Home Depot, Ikea, Ralph Lauren, Tractor Supply, Procter & Gamble, LG, and Samsung, among others.
• Trump said on Friday he might be willing to lower tariffs on China to 80%.

Dow futures jump 500 points as traders await details on U.S.-China trade deal: Live updates

Reuters

Putin proposes direct peace talks with Ukraine after three years of war

• May 15 in the Turkish city of Istanbul

Investing.com

OpenAI and Microsoft renegotiate multibillion-dollar partnership terms – report

•  aims to enable OpenAI to initiate a future initial public offering (IPO), while ensuring that Microsoft maintains access to advanced artificial intelligence (AI) models

US Risks Brexit-Style Slow-Burning Damage From Trade Shock: JPMorgan

• a drop in trade intensity, a fall in immigration that worsened labor shortages, and a multi-year decline in business investment.