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Tariffs, recessions, how Colombian drug cartels gave us blueberries all year long. That's
the kind of thing the Planet Money podcast explains. I'm Sarah Gonzalez and on Planet
Money, we help you understand the economy and how things all around you came to be the
way they are. Para que sepas. So you know. Listen to the Planet Money podcast from NPR. Live from NPR News in Washington, I'm Jack Spear.
President Trump announced a series of US business deals with Saudi Arabia.
As NPR's Franco Ordonez explains, the White House says the deals add up to a $600 billion investment in the US.
President Trump sat down with the Crown Prince, Mohammed bin Salman, to sign multiple business deals,
including economic partnerships and arms programs.
You're going to be creating tremendous numbers of jobs in the United States.
We have the best product, we have the best military equipment in the world by far.
Here are some specific ones.
$142 billion arms deal involving more than a dozen US firms, $80 billion in technology
investments from Google, Oracle, Salesforce, Uber, and Saudi companies, and a $20 billion
agreement in AI data centers.
Trump and the Crown Prince also signed agreements to work together on energy, defense, and minerals.
Specific details about each were not yet available.
Franco Ordonez, NPR News, Riyadh.
Vaccine experts are questioning a new project the Trump administration has launched to try
to create what is known as a universal flu vaccine. Here's NPR's Rob Stein.
The Department of Health and Human Services will spend $500 million to try to create a
flu vaccine that doesn't have to be updated every year.
That's long been an elusive goal for vaccine researchers.
But many vaccine scientists are puzzled by the new project, known as Generation Gold Standard.
That's because the project is using an old technology that involves injecting people with whole viruses that have been inactivated to make them harmless but still capable of stimulating an immune
response. Vaccine experts say newer technologies are more promising and
produce fewer side effects. Rob Stein and PR News. The heat is coming early to
Texas and other areas where temperatures commonly seen during the summer months
are making an early entrance.
Forecasters at the National Weather Service say a high pressure system over the Gulf is
being blamed for much of the hotter than usual weather.
The broadest measure of the stock market is staging a remarkable comeback.
NPR's Rafael Nam has more.
Just last month, stocks tanked after President Trump unveiled widespread tariffs.
But he then paused many of those tariffs as
the White House negotiates with countries, including his biggest trading partner China.
Investors were also relieved after data earlier in the day showed inflation at 2.3% in April
from a year ago, slightly lower than in March.
Economists do caution that we're still not seeing the full effects of the tariffs.
By stock investors for now, see the glass as half full. The Nasdaq also rose, although the Dow
Jones fell in part after United Healthcare shares tumbled after the company's CEO stepped down.
Rafal Nam, NPR News.
This is NPR.
Cassie Ventura, the ex-girlfriend of hip-hop tycoon Sean
Combs testified against him today in a federal courtroom in Manhattan. She is
one of the prosecution's star witnesses. It appears Anastasius Lucas is following
the trial. And a note, this story includes mentions of physical and sexual assault.
Cassie Ventura was a model and singer who signed a 10 album deal with Combs' record
label when she was 19 years old.
She claims that rather than releasing her music and furthering her career, Combs instead
subjected her to years of physical, sexual, and emotional abuse.
On the stand, she said her main job was organizing and participating in multi-day marathons of sex
and drug use directed by Combs.
She added, quote, there was no space to do anything else but to recover and try to feel
normal again.
Combs is accused of racketeering and sex trafficking.
His lawyers say domestic violence, while a crime, is not sex trafficking or racketeering.
Anastasia Tsilkos, NPR News, New York.
A Los Angeles judge is hearing arguments this week over whether brothers Eric and Lyle Menendez
should receive reduced sentences.
The pair have spent more than 30 years in prison for the killing of their parents at
their Beverly Hills home in 1989.
Lawyers for the brothers are expected to argue that over their decades behind bars they've
been rehabilitated and they have the support of their extended family.
Prosecutors however say they oppose re-sentencing on the grounds they say Eric and Llamanendez
have never admitted to lies, told him during their original trial.
Oil prices closed up nearly 3% today in New York.
I'm Jack Spear, NPR News in Washington.
Imagine if you will a show from NPR that'sar, NPR News in Washington.
