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Tasneem Nashrulla
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@TasneemN
Tasneem Nashrulla is the breaking news editor at Semafor.
Trump Fed nominee vows to preserve central bank independence
Some senators worried that if Miran did not resign as Trump’s economic adviser, he would continue to act in the president’s interest while serving on the Fed’s board.
Elizabeth Frantz/Reuters
Congress grills RFK Jr. on vaccines
Robert F. Kennedy Jr. defended his actions after a chaotic week of changing rules over COVID vaccine eligibility and upheaval at the national public health agency.
Jonathan Ernst/Reuters
China military parade shows off AI weaponry
Tuesday’s procession included aerial strike drones, unmanned planes and boats, and “robotic wolves” that can hunt down enemy soldiers.
Go Nakamura/Reuters
Investors are closely watching Nvidia’s upcoming earnings
Nvidia’s earnings report is expected to have the biggest one-day impact on the S&P 500 over the next month, above other market-moving events.
Jeenah Moon/Reuters
US agrees to cap tariffs on Europe at 15% in trade deal framework
The framework spared the EU from Washington’s threat of higher tariffs on foreign-made pharmaceuticals and semiconductors, but included a caveat for cars.
Evelyn Hockstein/Reuters
ECB chief says Europe should deepen non-US trade ties
ECB chief Christine Lagarde said that a recently outlined trade deal between the US and European Union had “alleviated, but… not eliminated global uncertainty.”
Heiko Becker/Reuters
India to keep buying Russian oil, Moscow says
A Russian envoy proposed a “special mechanism” to continue supplying crude to India.
Trump demands Fed governor’s resignation
The Fed has so far resisted Trump’s pressure to lower interest rates.
Netanyahu lashes out at France, Australia over pledges to recognize Palestine
Netanyahu on Tuesday called Australia’s Anthony Albanese a “weak politician who betrayed Israel and abandoned Australia’s Jews,” and blamed the French leader’s calls for Palestinian statehood for fueling antisemitism.
India and China slowly thaw ties amid US trade threats
Beijing vowed to address New Delhi’s need for rare earths, and India’s prime minister confirmed he would soon make his first visit to China in seven years.
Europe will up defense spending regardless of Ukraine-Russia deal outcome, analysts say
European arms manufacturers’ shares have more than doubled since the start of 2025 amid the threat from Moscow and concerns about Washington’s commitment to allies.
Trump rules out US troops in Ukraine as part of security guarantees
Trump has made assurances to protect post-war Ukraine, but so far has offered little in the way of details.
Spain battles raging wildfires amid weekslong heatwave
Nearly all of Spain on Sunday was under extreme risk of wildfires, which have burned through around 390,000 acres this year.
Hong Kong universities invite Harvard students ‘affected’ by Trump crackdown
The University of Hong Kong is offering Harvard’s international students scholarships and accommodation.
Kremlin says Trump is ‘emotional’ after US leader criticizes Putin
Even as Washington’s efforts to broker a ceasefire falter, Russia and Ukraine could still reach a deal this year to halt the fighting, analysts said.
Iranian dissident filmmaker wins top Cannes prize
Jafar Panahi’s ‘It Was Just an Accident’ was inspired by his time spent in an Iranian jail.
Israeli military says it will take over 75% of Gaza as inhabitants face increasing famine risk
One woman told Reuters that she and her nine children had just a single meal a day to share last week.
India aims for US trade deal by July
New Delhi officials told Bloomberg that an initial pact, part of a three-phase deal, will likely be signed before US President Donald Trump’s reciprocal tariffs kick in.