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Don't let them overwhelm you

Economy

Trump postpones AI security order after Sacks, Musk, and Zuckerberg lobbied against pre-evaluation provisions in overnight phone calls.

EPA loosens grocery store refrigerant rule from Trump’s 2020 bipartisan climate law, pitching rollback of potent greenhouse gas as a grocery price fix.

Commodity Futures Trading Commission probes $800 million in suspicious oil futures trades placed minutes before Trump’s March 23 social media post postponing Iran strikes.

Trump orders banks to flag undocumented customers opening accounts or seeking loans, scaled back from mandatory citizenship collection after industry lobbying.

Long Island Rail Road and unions reach deal ending three-day strike, restoring service Tuesday for 300,000 daily commuters.

Trump adds 600 generic drugs to TrumpRx site that links to discount programs already offered by Cost Plus Drugs, Amazon Pharmacy, and GoodRx.

China calls Beijing summit deals with Trump “preliminary,” undercutting White House claims of concrete wins on tariffs, agriculture, and 200 Boeing aircraft.

Energy Secretary Wright predicts Strait of Hormuz reopens “this summer at the latest,” threatens U.S. military will force it open if Iran refuses a deal.

Five unions strike Long Island Rail Road early Saturday, halting North America’s busiest commuter system and 250,000 weekday rides into New York City.

DHS plans November exercise sending autonomous drones across US-Canada border to gather ‘battlefield intelligence,’ positioning multiple companies backed by Eric Trump and Donald Trump Jr.

Senate confirms Kevin Warsh as Federal Reserve chair 54-45 with Democratic Sen. John Fetterman crossing over, two days before Chair Jerome Powell’s term ends.

Vance withholds $1.3 billion in Medicaid payments from California in administration’s largest-ever deferral and threatens similar action against all 50 states.

Xi warns Trump that US missteps on Taiwan could push the two countries into ‘conflict’ on first US presidential visit to China since 2017.

Iran names war reparations and Hormuz sovereignty among preconditions for peace 75 days into war, rejecting US proposal as “demand for surrender.”

CBO estimates Trump’s Golden Dome missile defense will cost $1.2 trillion over 20 years, seven times the White House projection.

Iran war cost hits $29 billion as inflation reaches highest level since 2023 and gas remains up 50% since war began.

Trump Mobile quietly rewrites fine print to say T1 gold phone may never be made, a year after taking $100 deposits and pushing back four ship dates.

Senate advances Warsh to chair Federal Reserve, putting him on track to replace Powell this week, after DOJ dropped its criminal probe of Powell.

Trump rejects Iran’s reply to peace proposal as “garbage” and says ceasefire is on life support, days before asking Xi to pressure Iran.

Trump posts demand that federal agencies stop waiving 1933 Buy American Act, but issues no executive order or rule change.

Energy Secretary Wright says Trump administration is open to suspending federal gas tax as prices hit $4.52, up 50% since Iran war.

DOJ proposes settlement requiring Agri Stats to share meatpacking data with US buyers, ending Biden-era antitrust case.

California launches first-in-the-nation program giving 400 free diapers to every newborn at participating hospitals starting this summer.

April hiring beats forecasts at 115,000 but labor force participation hits lowest level since October 2021.

US trade court strikes down Trump’s 10% global tariffs, his second tariff scheme rejected since February’s Supreme Court ruling.

Musk settles SEC suit over delayed 2022 Twitter stake disclosure for record $1.5 million fine, one percent of $150 million he saved.

US sinks six Iranian boats and Iran strikes UAE oil port on day one of Project Freedom as ceasefire frays.

DC US Attorney Pirro keeps a Powell criminal investigation revival on the table, tying her decision to a Federal Reserve Inspector General review of renovation cost overruns.

Trump orders US Central Command to start guiding commercial ships through the Strait of Hormuz on Monday as Iran warns the plan violates the ceasefire.

Gas prices jump 35 cents in a week to four-year high $4.43 average as 44% of Americans drive less and 42% cut household expenses.

Trump announces 25% EU auto tariff under Section 232, citing trade deal noncompliance.

Education Department finalizes graduate loan caps eliminating Grad PLUS and excluding nursing, physical therapy, and social work from higher “professional” tier.

Trump signs executive order creating TrumpIRA.gov, putting his name on a portal that routes 56 million Americans to retirement match passed under 2022 Secure 2.0 law.

Trump approves Bridger Pipeline Expansion to carry 550,000 barrels of Canadian oil daily through Montana and Wyoming, dubbed “Keystone Light” after Biden killed original.

Trump lifts 10% tariff on U.K. whiskey as parting gift to King Charles, citing intertwined Scotch and Kentucky bourbon barrel trade.

Ford raises 2026 guidance after booking $1.3 billion tariff refund from Supreme Court ruling that struck down Trump’s emergency tariff authority in February.

Federal Reserve holds interest rates steady and Powell announces he will remain a Fed governor through January 2028, citing political attacks.

US average gas price hits $4.17, a four-year high, after rising $1.19 per gallon since Iran war began two months ago.

Treasury official who raised privacy objections to surveillance of Minneapolis Somali community payments expected to be nominated US representative to OECD.

Trump’s national security team weighs Iran’s Strait of Hormuz proposal as Rubio publicly rejects it, on Iran war day 62.

Interior Department pays Bluepoint and Golden State Wind $885 million to surrender offshore leases in exchange for matching investments in fossil fuel projects.

Trump says Fed Chair Powell investigation “not dropped” day after U.S. Attorney Pirro closed it.

Trump hosts Mar-a-Lago gala for 297 largest $TRUMP coin holders as token sits 95% below peak.

White House weighs Defense Production Act takeover of Spirit Airlines as Iran war fuel costs push the twice-bankrupt carrier toward liquidation.

U.S. Attorney Pirro says she is closing the criminal probe of Fed Chair Powell three days after Trump’s pick Kevin Warsh testified at his Senate confirmation hearing.

Maine Gov. Mills vetoes first-in-nation data center moratorium to save 800 construction jobs at a paper mill in her home county, six weeks before her Senate primary.

Trump sends envoys Witkoff and Kushner to Pakistan for indirect ceasefire talks with Iran on war day 58.

Crypto billionaire Justin Sun sues Trump-co-founded World Liberty Financial for extortion, alleging the company froze his $776 million in tokens after he declined further investment.

Trump tells CNBC he will “remember” companies that decline to seek refunds from the $166 billion in tariffs the Supreme Court ruled illegal.

Trump calls Energy Secretary Wright “totally wrong” one day after Wright’s forecast that gas prices could stay elevated into 2027.

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