Trump Secures $600 Billion in Investments From Saudi Arabia; US Inflation Slows to Lowest Level Since 2021

President Donald Trump announced on Tuesday a $600 billion commitment from Saudi Arabia to invest in the United States, at the start of a tour of Gulf states. The United States agreed to sell Saudi Arabia an arms package worth nearly $142 billion, according to a White House fact sheet that called it “the largest defense cooperation agreement” Washington has ever done.

The U.S. annual inflation rate eased to its lowest level in more than four years. According to the Bureau of Labor Statistics, the annual inflation rate declined to 2.3 percent in April, from 2.4 percent in March. This represented the third consecutive monthly slowdown and the lowest reading since February 2021.

UnitedHealth Group on Tuesday suspended its 2025 forecast, just weeks after lowering its outlook, and announced the surprise exit of CEO Andrew Witty, sending its shares down 8 percent premarket. Stephen Hemsley, who previously served as CEO from 2006 to 2017, will take over from Witty. The announcement also pulled down shares of other health insurers such as Humana, CVS, and Elevance between 1 percent and 3 percent.

Topics in this episode include:

1. UnitedHealth Group Brings Back Stephen Hemsley as CEO
2. Pharmaceuticals Make Two-Thirds of Profits in US
3. Spotlight: Republicans Unveil Tax and Health Plan
4. Chinese Company Indicted Over Fake Pill-Making Equipment
5. Trump Admin. Cuts Additional $450 Million to Harvard
6. Judge Allows IRS to Share Data With DHS
7. Trump Admin. Asks Scotus to Resume Deportations
8. FDA, CDC Warn Adults Over 60 to Avoid Chikungunya Vax
9. Menendez Brothers Back in L.A. Courtroom Today
10. Sean ‘Diddy’ Combs’ Ex-Girlfriend Testifies Today
11. Massive Warehouse Fire in Baltimore
12. Freed Hostage Reunited With Family
13. Netanyahu Speaks With Freed Hostage by Phone
14. Man Arrested for Arson After Fire at UK PM Starmer’s Home
15. Kim Kardashian Feared for Her Life During 2016 Robbery
16. French Actor Found Guilty of Sexual Assault
17. Romania’s Candidate Simion Urges Fair Presidential Election
18. Zelenskyy Insists on Face-to-Face Talks With Putin

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