Alex Ossola

And we have three more updates from Washington.

The president said today that the U.S.

has agreed to cut tariffs on India to 18 percent from 50 percent and that India has agreed to stop buying Russian oil.

A deal between the U.S.

and India would end a months-long saga of trade negotiations and tariffs that strain the relationship between the two.

The Trump administration is creating a roughly $12 billion stockpile of rare earths and critical minerals, such as gallium and cobalt.

It's meant to help U.S.

manufacturers navigate shortages and make them less reliant on China.

The stockpile, called Project Vault, would be similar to the Strategic Petroleum Reserve, a government stash of oil created to guard against supply issues.

And people familiar with the matter say officials from the U.S.

and Iran are planning to meet in Turkey on Friday.

Trump and Iranian leaders have expressed a willingness to talk in recent days, cracking open a window for diplomacy as the U.S.

gathers military forces in the region and Trump warns of a strike if negotiators fail.

The White House didn't immediately respond to a request for comment.

In Europe, Elon Musk said his satellite internet service Starlink had stopped unauthorized use by Russian drones after Ukraine asked for help.

Starlink, the backbone of Ukraine's military communications, wasn't activated in Russia, but a black market for user terminals had sprung up.

On the rest of the show, low-cost investing pioneer Vanguard cuts its fees again and shares in Disney fall after the company reports earnings.

That's after the break.

A $16 billion Michigan pension fund made a few bets that didn't pan out.

Last year, it abandoned its investment in the second largest coffee farm in Hawaii after $86 million in losses.