President Trump announces plans to cut the 18-cent federal gas tax for an unspecified period as fuel prices rise amid the ongoing war involving Iran.

US consumer prices likely rose at a solid pace in April, potentially marking the largest annual inflation increase in over 2.5 years and reinforcing expectations that the Federal Reserve will keep interest rates unchanged.

US consumer prices are projected to show a solid increase for the second consecutive month in April, potentially marking the largest annual inflation rise in over 30 months and reinforcing expectations that the Federal Reserve will maintain current interest rates.

European investment firm EQT agrees to acquire Japanese price comparison operator Kakaku.com for approximately 590 billion yen, according to Nikkei.

European investment firm EQT has reached an agreement to acquire Japanese price comparison site operator Kakaku.com for approximately 590 billion yen, according to a report by Nikkei.

The Indian rupee hits a record low against the U.S. dollar as rising oil prices and intensified capital outflows pressure the currency. The decline reflects broader market concerns over energy costs and foreign investment trends.

The Indian rupee has fallen to a record low against the U.S. dollar, driven by rising oil prices and increased capital outflows.

Bristol-Myers Squibb signs a strategic partnership and licensing deal with China's Hengrui Pharmaceuticals. The agreement is valued at more than $15 billion.

Bristol-Myers Squibb has entered into a strategic partnership and licensing agreement with Hengrui Pharmaceuticals, a deal valued at potentially over $15 billion.