Economy & Business World

As Musk Nears End of 130-Day DOGE Stint, He’s $113 Billion Down  Bloomberg.comElon Musk approval low, reflecting opposition to Trump cuts: POLL  ABC NewsPublic sours on Musk’s role, is skeptical that government is cutting waste  The Washington Post5 charts that show Elon Musk and Tesla’s struggles during Trump’s first 100 days  Business InsiderAs Musk gained power in Washington, his popularity has fallen, an AP-NORC poll finds  AP News

Spotify Subscriber Gains Continue, With Revenue Buoyed by Price Hikes  WSJSpotify stock falls 8% on disappointing Q2 user guidance  Yahoo FinanceSpotify Reports First Quarter 2025 Earnings  SpotifySpotify forecasts subscribers, monthly users above estimates  ReutersSpotify Stock Tunes Up A Breakout — But Faces The Ultimate Test  Investor’s Business Daily

’Nowhere to turn’: Small businesses dependent on imports from China are feeling more desperate  AP NewsWhat does shipping data say about US-China trade disruption?  Financial TimesCNBC Daily Open: U.S. consumers are starting to feel the pinch of Trump tariffs  CNBCWhat’s up with Elliott Bay’s missing cargo ships?  The Seattle TimesYour Home Without China  The New York Times

Trump looked unbeatable on the economy. Then he launched a trade war.  Politico3 ways Trump is answering (or dodging) questions on his historically bad 100-day stock market  Yahoo FinanceHow to trash an economic superpower in 100 days  CNNTrump’s first 100 days proved Wall Street executives misread him — badly  MSNBC NewsMorning Bid: Only 1,362 days of Trump 2.0 to go  Reuters

Exclusive | Merck to Spend $1 Billion on New Factory to Make U.S. Supplies of Blockbuster Drug  WSJCRISP signs Merck for $900M campus in Delaware  Delaware Business TimesMerck Breaks Ground on New $1 Billion Biologics Center of Excellence in Wilmington, Delaware  Business WireMerck signs 20-year lease in Delaware following $30M state incentive  News From The StatesMerck to build $1B Delaware plant to ensure domestic supply of Keytruda – report (MRK:NYSE)  Seeking Alpha

Trump’s WLFI bags $1B, but skeptics ask – Where’s the utility?  AMBCryptoSecret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm  The New York TimesCrypto And Trump: Congress Wants Answers  CointribuneArt of the Deal : Value Destruction for a Listed Company, and a Weak Coming IPO  SmartkarmaTrump brothers bet big on Bitcoin: Eric and Don Jr. launch major crypto mining venture — what that means for your investments  MSN

Are China and U.S. negotiating on tariffs? Bessent declines to comment.  MarketWatchUS tariffs could cost China 5–10 million jobs, ‘onus’ on Beijing, Bessent says  Fox BusinessTrump to offer automakers relief on his 25% tariffs, after worries they could hurt US factories. Follow live updates.  The Boston GlobeVideo: Bessent Declines to Say Whether Trump Has Spoken to China’s Xi  WSJScott Bessent says China could lose 10 million jobs ‘very quickly’ if tariffs don’t drop  Yahoo Finance

Secret Deals, Foreign Investments, Presidential Policy Changes: The Rise of Trump’s Crypto Firm  The New York TimesThe Secret Deals Behind Trump’s Crypto Firm, and a Revenge Porn Ban  The New York TimesCrypto And Trump: Congress Wants Answers  CointribuneArt of the Deal : Value Destruction for a Listed Company, and a Weak Coming IPO  SmartkarmaTrump sons’ bitcoin mining partners had run-ins with regulators  The Detroit News

Congressional watchdog agency will investigate Trump’s hollowing out of CFPB  CNNNew consumer protections could end soon. Here’s what you need to know.  The Washington PostNew Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff  The New York TimesCFPB internal emails reveal chaos, DOGE influence prior to mass layoffs  Scotsman GuideHatchet Job on CFPB Even Worse in the Details  The American Prospect

World stocks, dollar nudge higher on U.S. autos tariff relief  ReutersHoward Lutnick says ‘deal’ has been reached on auto tariffs  CNNTariffs News Today: Ford and GM Stocks Rise on Auto Relief Hopes, Adidas Warns of Higher Prices  Barron’sOpinion | Trump Says He Wants to Save the U.S. Auto Industry. His Policies Could Destroy It.  The New York TimesTrump is giving automakers a break on tariffs  NPR