Luke Vargas

According to people familiar with the matter in both Beijing and Washington, China's outreach on cracking down on fentanyl paved the way for the initial talks between the two countries. And the Trump administration is looking to overhaul controversial export controls set to come into force next week that would limit how many AI chips individual countries can buy.

According to people familiar with the matter in both Beijing and Washington, China's outreach on cracking down on fentanyl paved the way for the initial talks between the two countries. And the Trump administration is looking to overhaul controversial export controls set to come into force next week that would limit how many AI chips individual countries can buy.

The controls were announced in the final days of the Biden administration over fears that countries would route U.S. chips to adversaries, including China. Tech reporter Amrith Ramkumar says any changes to the export controls could take several months.

The controls were announced in the final days of the Biden administration over fears that countries would route U.S. chips to adversaries, including China. Tech reporter Amrith Ramkumar says any changes to the export controls could take several months.

Coming up with the Bank of England expected to cut interest rates later today. We'll look at why the Federal Reserve isn't ready to follow suit. That and more after the break.

Coming up with the Bank of England expected to cut interest rates later today. We'll look at why the Federal Reserve isn't ready to follow suit. That and more after the break.

The Bank of England is expected to cut interest rates later this morning for the fourth time since last summer, following the Fed's decision to hold rates steady yesterday. Paul Hannon is the economics editor for Dow Jones Newswires. Paul, here we are, right? A moment of real monetary policy divergence between the U.S. and the rest of the world. Break this down for us.

The Bank of England is expected to cut interest rates later this morning for the fourth time since last summer, following the Fed's decision to hold rates steady yesterday. Paul Hannon is the economics editor for Dow Jones Newswires. Paul, here we are, right? A moment of real monetary policy divergence between the U.S. and the rest of the world. Break this down for us.

How should we be thinking about the dynamics in the U.S. going forward, especially if we see more monetary easing in the U.K. and Europe this year? I mean, just last month, President Trump had lashed out at the Fed chair saying basically you should be following the ECB's example and cutting.

How should we be thinking about the dynamics in the U.S. going forward, especially if we see more monetary easing in the U.K. and Europe this year? I mean, just last month, President Trump had lashed out at the Fed chair saying basically you should be following the ECB's example and cutting.

Paul Hannon is the economics editor for Dow Jones Newswires. Paul, thanks as always for the update. Thanks, Luke. In other markets news, Japanese carmaker Toyota is revising down its profit expectations for the year, forecasting that U.S. tariffs and higher material costs will dent its bottom line. Toyota stock has fallen 14 percent so far this year.

Paul Hannon is the economics editor for Dow Jones Newswires. Paul, thanks as always for the update. Thanks, Luke. In other markets news, Japanese carmaker Toyota is revising down its profit expectations for the year, forecasting that U.S. tariffs and higher material costs will dent its bottom line. Toyota stock has fallen 14 percent so far this year.

Well, holding its guidance steady today, Danish shipping giant Maersk, the beneficiary of a 13 percent increase in first quarter freight revenue and which has already priced in continued disruption in the Red Sea. Despite news of a tentative ceasefire this week between the U.S.

Well, holding its guidance steady today, Danish shipping giant Maersk, the beneficiary of a 13 percent increase in first quarter freight revenue and which has already priced in continued disruption in the Red Sea. Despite news of a tentative ceasefire this week between the U.S.

and Yemen's Houthi militia, the world's top five container shippers have said they have no immediate plans to return to the area where the Houthis have frequently targeted merchant ships. And German arms manufacturer Rheinmetall posted double-digit Q1 sales growth this morning as defense spending surges across Europe.

and Yemen's Houthi militia, the world's top five container shippers have said they have no immediate plans to return to the area where the Houthis have frequently targeted merchant ships. And German arms manufacturer Rheinmetall posted double-digit Q1 sales growth this morning as defense spending surges across Europe.

The maker of tanks and munitions expects a 35 to 40 percent jump in sales this year, but could revise that higher should the NATO alliance agree to a further boost in defense spending at a June summit.

The maker of tanks and munitions expects a 35 to 40 percent jump in sales this year, but could revise that higher should the NATO alliance agree to a further boost in defense spending at a June summit.

New York City police have made arrests at Columbia University after pro-Palestinian protesters occupied a campus library yesterday in an attempt to restart demonstrations that overwhelmed the school last spring.

New York City police have made arrests at Columbia University after pro-Palestinian protesters occupied a campus library yesterday in an attempt to restart demonstrations that overwhelmed the school last spring.