Trump tax plan faces GOP doubts and market skepticism
Trump battles skepticism from Republican senators investors and even Elon Musk over his multitrillion dollar tax breaks plan. Critics say deficits will rise and growth may not offset cuts while White House officials defend the bill and projections.
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China and U S clash over tariff truce and China student visas
China criticizes U S measures it says harm Chinese interests including AI chip export controls and visa revocations. The 90 day truce remains fragile as Beijing vows retaliation while U S officials claim progress shows both sides must negotiate a broader deal.
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Markets near record highs as indices rise on Trump tariff tensions
U S stock indexes held near record levels on Monday with the S P 500 up 0.4 percent, the Dow advancing 35 points and the Nasdaq up 0.7 percent. Nvidia and Meta Platforms led gains while oil surged after OPEC producers pledged higher output. Lyra Therapeutics jumped as much as 311 percent on positive late stage trial results for a sinus inflammation implant.
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