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Highlights

  1. ExxonMobil and Chevron Report Lower Earnings

    Profits for the two oil giants, which are locked in a standoff over drilling off the coast of Guyana, were squeezed by lower profitability for refining crude and falling natural gas prices.

     By

    An ExxonMobil oil refinery in Baytown, Texas.
    An ExxonMobil oil refinery in Baytown, Texas.
    CreditBrandon Thibodeaux for The New York Times
  1. Daimler Truck Workers in North Carolina Are Poised to Strike

    A walkout by employees who make Freightliner trucks and Thomas Built buses would expand the U.A.W.’s campaigns in the South.

     By

    A Thomas Built bus factory in High Point, N.C., one of five plants that Daimler Truck operates in the state.
    CreditMike Belleme for The New York Times
  2. ‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower

    The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.

     By Adam Satariano and

    More than 200,000 people converged on the Leap tech conference in the desert outside Riyadh in March.
    CreditIman Al-Dabbagh for The New York Times
  3. With New Salt and Sugar Limits, School Cafeterias Are ‘Cringing’

    Many parents and nutritionists applauded stricter federal regulations, but food companies say the changes could increase costs and waste.

     By Julie Creswell and

    A lunch line at Haleyville High School in an Alabama district that is bracing for updated federal sodium and sugar restrictions.
    Credit
  4. How a Pirate-Clad Pastor Helped Ignite Trump Media’s Market Frenzy

    Chad Nedohin, a part-time pastor, is among the fans of Donald J. Trump who helped turn Trump Media into a meme stock with volatile prices.

     By David Yaffe-Bellany and

    Chad Nedohin, a podcaster and part-time pastor in Canada, has urged people to invest in Trump Media & Technology Group and hold on to the stock.
    CreditAmber Bracken for The New York Times
  5. The Onion Is Sold by G/O Media

    The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff.

     By

    The Onion’s new owners have promised to keep the staff on board and in the publication’s home base of Chicago.
    CreditDavid Kasnic for The New York Times
  1. Microsoft Reports Rising Revenues as A.I. Investments Bear Fruit

    The tech giant’s quarterly results included strong growth in cloud computing, fueled by its services in generative artificial intelligence.

     By

    In recent quarters, Microsoft’s A.I. push has helped it gain market share from Amazon, the leading cloud services provider.
    CreditMichael M. Santiago/Getty Images

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  1. The Big Number: $40 Billion

    Meta has already spent billions on developing artificial intelligence, and it plans to spend billions more.

    By Marie Solis

     
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  7. DealBook Newsletter

    Would Trump Move to Control the Fed?

    Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.

    By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni

     
  8. Xi and Blinken Trade Small Nods Over a Large Gap

    The U.S. secretary of state and the Chinese leader struck conciliatory notes in Beijing. But there was no budging on, or hiding, their governments’ core differences.

    By Ana Swanson and Vivian Wang

     
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