U.S. credit-card shares fell: Synchrony Financial down 3.2%, Capital One Financial down 3.5%, Bread Financial down 3.8%.

Premier Li Qiang said China will play a larger role in global intellectual property governance and will continue to support the World Intellectual Property Organization. He said China will constructively engage in WIPO-led modernization of global IP services and in discussions on artificial intelligence and other frontier technologies, and will advocate updating and improving international IP rules. China offered to expand WIPO-backed capacity building for Global South countries, share experience and contribute public goods under Belt and Road cooperation to broaden IP benefits. Li asked WIPO to continue supporting China’s IP development and to provide more cooperation platforms and higher-quality services for Chinese IP users.

US President Trump says he can work with Democrats on "financial philosophy".