Trump's Peace Success, A Silver Squeeze, Europe's AI Independence

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) President Donald Trump used a one-day tour of Israel and Egypt to soak in the praise from fellow leaders and lay out a vision for broader Middle East peace after the success of US-led mediation efforts to end the fighting in Gaza.

(2) US President Donald Trump and Chinese leader Xi Jinping’s latest tit-for-tat showdown has both countries claiming the ball is now in the other’s court, with the clock ticking toward another escalation in import tariffs.

(3) Federal Reserve Bank of Philadelphia President Anna Paulson signaled she favors two more quarter-point interest-rate cuts this year, as monetary policy should look through the impact of tariffs in consumer price increases.

(4) Brexit and former Prime Minister Liz Truss made the UK a less-competitive, slower-growing economy that faces a greater risk of inflation, Bank of England policymaker Catherine Mann said.

(5) Silver prices touched an all-time high near $53 an ounce, as a historic short squeeze in London added momentum to a rally that’s been fueled by surging demand for safe-haven assets.

(6) SpaceX’s Starship deployed test satellites in space and returned to Earth largely intact, repeating earlier milestones critical to Elon Musk’s goal of readying the vehicle for regular launches to orbit and beyond.

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