INVESCO Ltd (IVZ)

Archer Aviation announced that it’s teaming up with Palantir to use AI to improve a range of its aviation systems.

AMD announced a $10 billion partnership with Saudi Arabia's sovereign wealth fund-backed AI startup, Humain, and Uber CEO Dara Khosrowshahi stated that the company is focused on introducing autonomous vehicles in Saudi Arabia within the year.

The deal between Nvidia and Humain came during U.S. President Donald Trump's visit to the Gulf, which includes a strategic economic pact with Saudi Arabia to boost U.S. investment in the region.

Consumer price index (CPI) rose 0.2% on a seasonally adjusted basis in April and increased 2.3% annually.

The consumer price index is expected to remain at 2.4% in April year-over-year, with core inflation at 2.8%.

He said lower tariffs that remain are still problematic for an already weak economy with strengthening inflation.

Morgan Stanley economists said an acceleration in new car prices may have been partly offset by another month of negative used car inflation and a declaration in apparel prices.

Summers said China didn't make any consequential or significant change in its policies and that it was the U.S. that made a retreat from its extreme tariff policy.

JPMorgan analysts said President Trump’s "most favored nation" drug pricing order is unlikely to move forward without Congressional support and will likely face legal and industry resistance, limiting its near-term impact on pharma stocks.

A Yale University report predicts the tariffs will hurt real GDP and economic growth.

The U.S. President said the two sides had already agreed to it over the weekend in Geneva before China refused to sign the deal at the last minute.

Since President Donald Trump’s ‘Liberation Day’ tariff announcements on April 2, Amazon’s stock has gained 13%, and Tesla’s shares have climbed 18%.

U.S. Treasury Secretary Scott Bessent cited the need to protect the semiconductor, steel, and pharmaceutical industries in the negotiations between the two countries.

The combined 145% tariffs on most Chinese imports will be reduced to 30%, while China’s tariffs on U.S. imports will decrease to 10%.

This would mean the combined 145% tariffs on Chinese imports will be reduced to 10% by May 14, while the 20% duties related to fentanyl will stay in place.

Posting on his Truth Social account, Trump said, "A total reset negotiated in a friendly, but constructive, manner.

After announcing a 24% tariff on Japanese imports in early April as part of President Donald Trump’s Liberation Day levies, the U.S. has paused implementation to allow scope for negotiations.

The proposal, citing a "Most Favored Nation Policy," fueled debate prompted some watchers to question the legality and feasibility of the move, while others speculated on its potential market impact.

U.S. Trade Representative Jamieson Greer stated that the speed with which the U.S. and China could reach an agreement showed that perhaps the differences were not as large as initially thought.

U.S. Treasury Secretary Scott Bessent testified to Congress on Thursday that as many as 18 trade negotiations were in the pipeline.

In a separate post, Trump also wrote that China should open its markets to the U.S. because closed markets don’t work anymore.

The Fed Governor explained that small businesses, being less diversified and having limited access to credit, are likely to bear the brunt of the tariff policies.