WSJ Minute Briefing

The three major indexes are once again all up for the year, for the first time since late February. Plus: Tesla shares take back some ground after Thursday’s selloff. And Lululemon shares dropped after it cut its outlook and said it would raise prices due to tariffs. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

P.M. Edition for June 6. As the dust settles from the blowup between President Trump and billionaire Elon Musk, Republicans choose sides even as some are asking why one of the most consequential alliances in modern American politics had to end this way. We hear from congressional reporter Olivia Beavers and columnist and host of the Bold Names podcast Tim Higgins on how we got here and what it means. Plus, job growth slowed in May, though less than economics expected. WSJ economics reporter Justin Lahart breaks down the numbers. And the Trump administration brings back Kilmar Abrego Garcia, the man wrongfully deported to El Salvador, to face criminal charges in the U.S. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: European industrial production contracted in April. And Switzerland proposes tough capital rules on UBS. Zoe Kuhlkin hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: President Trump’s second attempt to bar international students from Harvard is blocked by a federal judge. And India and China’s central banks take their own paths to tackle increased uncertainty around U.S. tariffs. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

The public collapse of their relationship drove down Tesla stock, and dragged on major indexes. Plus: shares of crypto firm Circle surged during its first trading day. And the parent company of Calvin Klein and Tommy Hilfiger sank after it announced a possible $65 million hit from tariffs. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The U.S. deficit collapsed in April. The European Central Bank reduces its key interest rate. Circle makes its stock market debut. And Procter & Gamble plans to cut 7,000 jobs. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The maker of Kleenex nears a roughly $3.5 billion sale of its international tissue business. And gaming fans around the world are lining up to get their hands on Nintendo’s first new console in eight years. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Warner Bros. Discovery shareholders reject a multi- million dollar package for chief executive David Zaslov and his leadership team. And Reddit sues Anthropic saying the AI company used its data without a licensing agreement. Anthony Bansie hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. private-sector hiring is at its slowest pace in more than two years. And Iran’s supreme leader Ayatollah Ali Khamenei rejects a U.S. nuclear deal offer. Anthony Bansie hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Automakers fear China’s rare-earth magnet export controls may halt car production within weeks. And federal regulators have moved to lift an asset cap placed on Wells Fargo back in 2018. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nasdaq turns positive for the year for the first time since February. Plus: Nvidia overtakes Microsoft to become the largest U.S.company by market cap. And shares of Dollar General surge after the discount retailer raises its outlook. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Dollar General raised its full year sales outlook. And Israeli troops shot at Palestinians in southern Gaza on their way to an aid distribution site. Anthony Bansie hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Lawyers from Meta challenge the European Commission’s crackdown on the company’s social-networking business. And chip giant TSMC forecasts limited impact from tariffs, remaining on track for record earnings. Kate Bullivant hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Beijing denied President Trump’s accusations that it broke last month’s trade truce. Plus: Trump’s move to double steel and aluminum tariffs boosted stocks in those industries, but hit automakers. And Meta Platforms shares rose after WSJ exclusively reported it plans to fully automate advertising creation with artificial intelligence. Danny Lewis hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: U.S. factory activity hits lowest level since November. Campbell’s snack business is struggling, as consumers get pickier about food spending. Ariana Aspuru hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: The Trump Administration is expanding its review of federal contractors to include 10 tech firms. And Asian steel stocks fall as President Trump threatens to double tariffs on steel and aluminum imports to 50%. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Costco and Gap see different impacts of tariffs on their businesses. Shares of Ulta Beauty rally after the cosmetics retailer raises its annual outlook. And an experimental lung-disease treatment by Sanofi and Regeneron delivers mixed results. Victoria Craig hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Stock indexes slip amid Trump’s accusation that China is violating its deal with the U.S. And American households remain gloomy on the economy in May. Zoe Kuhlkin hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Plus: Hamas is poised to reject a U.S.-drafted proposal for a temporary Gaza ceasefire. And Google and the Justice Department prepare closing arguments in a case that could have a massive impact on the tech giant’s search engine. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

An appeals court temporarily paused a decision that had invalidated the president’s sweeping levies. Plus: E.l.f. Beauty shares soar after the cosmetics company said it would buy Hailey Bieber's skincare line. And Best Buy said it has raised prices to offset some related costs. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices