Nathan Hager

President Trump has a summit next week in Beijing with Chinese President Xi Jinping.

And gasoline prices have topped $4.50 a gallon for the first time in nearly four years.

Nathan, the Israeli army has carried out an attack in the southern suburbs of Beirut.

The military says the precision strike killed Ahmed Ali Balut, the commander of Hezbollah's elite Radwan force.

This was the first Israeli strike in the vicinity of Lebanon's capital since the U.S.-brokered ceasefire came into effect last month.

Iran has previously threatened to withdraw from its ceasefire with the U.S.

if Israel keeps up attacks in Lebanon.

Alexis, there's more proof this morning how the conflict in the Middle East is affecting airlines.

Bloomberg's Lisa Mateo has the details.

Thanks, Lisa.

And in other news this morning, Secretary of State Marco Rubio is in Italy where he is meeting Pope Leo XIV.

The gathering comes amid continued attacks by President Trump against the head of the Catholic Church.

Bloomberg's Flavia Rotondi has more from Rome.

Bloomberg's Flavia Rotondi in Rome says that Rubio's focus of the trip will be shared interests with the Vatican, including humanitarian aid in Cuba and religious freedom in Africa.

No, trade tensions could overshadow Rubio's triple excess.

The European Union has failed to finalize a long-delayed U.S.

trade deal after the latest overnight talks.

That's despite warnings from President Trump that he would soon impose fresh tariffs on the bloc.

We get more from Bloomberg's chief Europe correspondent, Oliver Crook.

Bloomberg's Oliver Cook says President Trump threatened last week to increase tariffs on EU cars and trucks from 15 to 25 percent.