May 8, 2025

Good morning.

1. President Trump announced a trade agreement with the UK, highlighting it as the first trade deal since imposing tariffs in April and noting that details will be finalized in the coming weeks (CNBC: nwppr.co/069z).

2. The Federal Reserve held its benchmark interest rate steady at 4.25%-4.50%, while noting more uncertainty about the economic outlook as well as rising risks of higher inflation and higher unemployment (CNBC: nwppr.co/069y).

3. A jury acquitted three ex-Memphis police officers of all state charges related to the violent arrest and death of Tyre Nichols after he fled a traffic stop in 2023. Two other convicted ex-officers have pleaded guilty (AP: nwppr.co/069x).

4. Apple disclosed that it is exploring AI alternatives for its Safari browser search experience, noting searches fell for the first time last year. Shares of Google, the current default, dropped on the news (UPI: nwppr.co/069w).

5. President Trump nominated health entrepreneur Dr. Casey Means as surgeon general, touting her “MAHA” credentials, after withdrawing his first nominee (Hill: nwppr.co/069v).

6. A second US Navy fighter jet (worth $67M each) fell into the Red Sea from the USS Harry S. Truman in eight days. All crew are safe (UPI: nwppr.co/069u).

7. Bill Gates pledged to give away 99% of his remaining wealth through the Gates Foundation within the next 20 years, accelerating the rate of his donations (AP: nwppr.co/069t).

8. Disney announced it will build its seventh theme park in Abu Dhabi, UAE (CNBC: nwppr.co/069s).

–Editors