US President Trump: If the big bill is not passed, taxes will increase by 68%.

Market news: Apple (AAPL.O) said that in the second fiscal quarter, more than half of iPad buyers were first-time buyers.

1. Nominate Waltz as the next US ambassador to the United Nations --US President Trump posted on the social media platform, announcing the nomination of Mike Waltz as the next US ambassador to the United Nations. US Secretary of State Rubio will serve as national security adviser while continuing to play his role in the State Department. Earlier in the day, several people familiar with the matter revealed that US National Security Advisor Mike Waltz and his deputy Alex Huang are about to leave. 2. New sanctions on the purchase of Iranian oil --US President Trump warned on social media: All purchases of Iranian oil or petrochemical products must stop immediately! Any country or individual that purchases oil or petrochemical products from Iran will be immediately subject to secondary sanctions. They will not be allowed to do business with the United States in any way or form. 3. Plan to apply for a record national security budget --According to government officials familiar with the matter, US President Trump will apply for a record $1.01 trillion in national security spending for the next fiscal year starting on October 1, more than 13% higher than the current fiscal year's figure. The defense budget will provide funds for the Golden Dome missile defense project, shipbuilding and nuclear modernization, and border security. This includes a 3.8% pay raise for military personnel. 4. Threatened not to attend NATO summit -Germany's Der Spiegel magazine quoted European diplomatic sources as saying that Washington's envoy warned that US President Trump might miss the upcoming NATO summit if other NATO members do not take action on spending issues. 5. Calling on American business students to move bricks in workshops -- At a university graduation ceremony, US President Trump suggested that business students should "move bricks" in factories and workshops, and not think about financial speculation every day. He told business students not to use their talents only for financial speculation, but to use the excellent skills they have learned and mastered to invest in the construction of new factories, workshops, shipyards, and even cities that are rising across the country in the United States. 6. Cut funding for NPR and PBS TV stations -- The White House said Trump signed an executive order to cut funding for National Public Radio (NPR) and Public Broadcasting Corporation (PBS). This is Trump's latest attempt to use federal funds to check and balance news organizations he doesn't like. 7. Suspend Biden-era gig rules -- The U.S. Department of Labor will no longer enforce a Biden-era rule that makes it more difficult for companies to hire independent contractors, and the department is currently working to cancel the rule. The announcement was released in an enforcement guide on May 1, marking the implementation of plans to revoke the rule, which the Trump administration had previously hinted would be revoked in response to pending lawsuits against the policy. 8. Working very hard on the "Big Beautiful Bill" - US President Trump: Working very hard on the "Big Beautiful Bill". If the Big Bill does not pass, taxes will increase by 68%. The final details of the tax reform bill are coming soon.