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Highlights

A judge blocked the Trump administration from starting a $1.8 billion fund. The order stays the program until June 12 to allow for further legal arguments.

US Judge Halts Trumps 1.8 Billion Weaponization Fund

A judge blocked the Trump administration from starting a $1.8 billion fund. The order stays the program until June 12 to allow for further legal arguments.

Former Attorney General Pam Bondi declined to answer congressional questions regarding Donald Trump's knowledge of Jeffrey Epstein's activities. During a closed-door hearing, Bondi delegated responsibility for document redactions to Todd Blanche while Democrats alleged a cover-up of files.

Bondi Refuses Trump Questions in Epstein File Probe

Former Attorney General Pam Bondi declined to answer congressional questions regarding Donald Trump's knowledge of Jeffrey Epstein's activities. During a closed-door hearing, Bondi delegated responsibility for document redactions to Todd Blanche while Democrats alleged a cover-up of files.

The United States and Iran are discussing a ceasefire extension to begin negotiations regarding Tehran's nuclear program. Washington is demanding the destruction of highly enriched uranium stocks that reportedly survived June airstrikes, while Iran resists sending the material abroad.

Iran enriched uranium stocks loom over new nuclear talks

The United States and Iran are discussing a ceasefire extension to begin negotiations regarding Tehran's nuclear program. Washington is demanding the destruction of highly enriched uranium stocks that reportedly survived June airstrikes, while Iran resists sending the material abroad.

Spot gold rose 1.5 percent to $4,556.84 per ounce on Friday following reports of a potential ceasefire extension between the U.S. and Iran. Despite the daily gain, prices remain on track for a monthly decline as persistent inflation and high interest rates weigh on the non-yielding asset.

Gold rises on US-Iran ceasefire hopes but monthly drop looms

Spot gold rose 1.5 percent to $4,556.84 per ounce on Friday following reports of a potential ceasefire extension between the U.S. and Iran. Despite the daily gain, prices remain on track for a monthly decline as persistent inflation and high interest rates weigh on the non-yielding asset.

Universal Music Group rejected a 55.75 billion euro takeover bid from Bill Ackman's Pershing Square. The board said the offer materially undervalues the firm.

Universal Music Rejects Pershing Square Takeover Bid

Universal Music Group rejected a 55.75 billion euro takeover bid from Bill Ackman's Pershing Square. The board said the offer materially undervalues the firm.

Market Overview

The U.S. Postal Service has proposed new regulations requiring states to provide names and barcodes for mail-in ballots to help verify eligibility and facilitate law enforcement. This move follows a federal judge's refusal to block an executive order regarding mail voting procedures.

USPS Proposes Rule Requiring State Voter Lists

Finance ministers from the EU's six largest economies agreed to support centralized market supervision. This move aims to boost investment and global competition.

EU Six Largest Economies Back Centralized Market Supervision

Finance ministers from the EU's six largest economies agreed to support centralized market supervision. This move aims to boost investment and global competition.

Federal Reserve policymakers indicated on Friday that persistent energy shocks from the conflict in Iran may require higher interest rates to curb rising price pressures. New York Fed data shows underlying inflation climbed to 4% in April, prompting even dovish officials to consider further policy tightening.

Fed Officials Consider Rate Hikes Amid Inflation Risks

Federal Reserve policymakers indicated on Friday that persistent energy shocks from the conflict in Iran may require higher interest rates to curb rising price pressures. New York Fed data shows underlying inflation climbed to 4% in April, prompting even dovish officials to consider further policy tightening.

Massachusetts sues UnitedHealth for Medicaid fraud claims

Massachusetts sued a UnitedHealth unit for allegedly defrauding Medicaid of 100 million dollars. The suit claims the insurer inflated diagnoses to boost profit.

Brazil Opposes US Terrorist Label for Criminal Gangs

Brazil rejected a U.S. move to label drug gangs as terrorists, calling it a threat to sovereignty. President Lula warned it could hinder regional police cooperation.

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