Oil prices have dropped, days after OPEC+ agreed to accelerate production for a second straight month.
Why it matters: President Trump's tariffs have added downward pressure on prices and raised concerns they could further lower prices, per Axios' Ben Geman.
The UN and all aid organizations operating in Gaza jointly announced they would not cooperate with an Israeli-U.S. plan to establish a new mechanism for aid delivery to Palestinians in the enclave because it "contravenes fundamental humanitarian principles."
Why it matters: Israel has been blocking the delivery of all food, water, and medicine to Gaza since the ceasefire broke down two months ago. Now that the UN has rejected the new plan, it's very unlikely donor countries will fund it, putting the resumption of aid further into doubt.
President Trump said the goal of the negotiations with Iran is to achieve "full dismantlement" of Tehran's nuclear program.
Why it matters: Trump's remarks in an "Meet the Press" interview aired Sunday are the first time he's publicly announced the ambitious goal since nuclear talks began with Iran a month ago.
President Trump said in an interview aired Sunday on NBC's "Meet the Press" with Kristen Welker that he'd give TikTok relief if a deal isn't struck during the already extended timeframe.
The big picture: Trump, who attempted to ban TikTok during his first term due to national security concerns, has pushed to keep the app alive in the U.S. despite bipartisan concerns about national security risks due to the app's ties to China.
President Trump said Sunday he would not fire Federal Reserve chair Jerome Powell before the central bank leader's term ends over the next year.
Why it matters: An earlier suggestion that Trump would attempt to remove Powell — a legally dubious move — roiled financial markets, fallout that might have prompted the walkback.
President Trump said Sunday he would need to keep at least some tariffs on foreign goods in place to convince businesses to move production to the U.S.
Why it matters: It suggests that the historic levies on nearly all goods coming into America would remain in some form — even as the White House says it intends to strike trade deals with a slew of nations, including China.
President Trump on Sunday mostly ruled out taking military action to unify Canada and the United States — but he didn't rule it out entirely, and reiterated that he believes Canada should become the 51st state.
Why it matters: It would have been unthinkable, for more than a century of North American history — until six months ago — for a president to even allow the slightest hint of using any force with the U.S.'s northern neighbor and staunch ally.
Secretary of Defense Pete Hegseth is planning to travel to Israel ahead of President Trump's trip to the Middle East, two Israeli officials tell Axios.
Why it matters: This would be Hegseth's first trip to Israel since taking his role. It comes at a time when the U.S. and Israeli governments are divided over the possibility of military strikes on Iran's nuclear facilities, and with the war in Gaza and the U.S. military campaign in Yemen ongoing.
A new Netflix-limited series takes a fresh look at the Vietnam War that examines the conflict from the eyes of Black soldiers, Vietnamese fighters and journalists on the 50th anniversary of its end.
Why it matters: The Vietnam War has split Americans across ideological and racial lines for much of the last few decades, with those divisions around the U.S. role in the world still evident today.
The big picture: Low- and middle-income consumers are increasingly shying away from fast-food restaurants like McDonald's, a sign that people are pinching pennies amid recession fears.
President Trump is expected to hold a summit with Gulf state leaders during his visit to Saudi Arabia in mid-May, a U.S. official and two Arab officials told Axios.
Why it matters: Trump's first official foreign trip reflects the growing importance his administration is placing on economic cooperation and investments between the U.S. and Gulf countries.
President Trump says a recession is OK in the short term, in a clip of a pre-recorded interview with NBC's "Meet the Press with Kristen Welker" released on Friday.
Why it matters: Business owners and politicians alike have shared fears of a recession given the uncertainty surrounding the president's tariffs.
