- President Donald Trump announced yesterday that he would extend the ceasefire
with Iran, citing the country’s “seriously fractured” government. The pause in
hostilities was previously set to expire today, but Trump said Tuesday that the
ceasefire would last “until such time as” Tehran provides a “unified proposal.”
- Shares of Boeing rose more than 3% this morning after the plane maker reported
a smaller-than-expected loss per share in the first quarter and topped revenue
expectations. Boeing CEO Kelly Ortberg will join CNBC’s “Squawk on the Street”
at 9 a.m. ET this morning to discuss the results.
- Kevin Warsh, Trump’s choice to lead the Federal Reserve, was grilled by
senators at his confirmation hearing yesterday, facing questions about his
wealth, stance on artificial intelligence and ability to be independent from
Trump. Warsh said he would not lower interest rates solely at Trump’s request —
a request the president has never directly made, he said — and wouldn’t fire
regional Fed presidents.
- Amazon is jumping further into the GLP-1 distribution market. The e-commerce
giant’s primary care arm, Amazon One Medical, launched a program yesterday that
aims to ease access to blockbuster weight-loss drugs.
