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From the Editor's Desk

Why New Zealand’s newest Great Walk is so important

Situated in the country’s isolated south-west region, the Hump Ridge Track will officially launch in October 2024 and has the potential to save the tiny town of Tuatapere.

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The best -- and worst -- criticisms of Trump's conviction  
  

That verdict has proven predictably controversial. New York’s case against Trump has attracted bipartisan criticism ever since Manhattan District Attorney Alvin Bragg indicted the former president last year. Of all the cases brought against Trump, New York’s charges have always looked both the least solid and the least serious.


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Michelle Obama's mother, Marian Robinson, dies at 86  
  

Early in her life, she studied to become a teacher before working as a secretary. She raised Michelle and her other child, Craig, together with her husband Frasier Robinson on Chicago's South Side.


 
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Joe Biden announces new Israel-Hamas peace proposals - FT (No paywall)  
  

Three-phase plan includes six-week ceasefire and exchange of hostages in latest effort to end conflict


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Downgrade to French credit rating stings Macron government - FT (No paywall)  
  

S&P warns debt ratios will only worsen in coming years and put Paris’s 2027 target for controlling deficit out of reach














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US defence chief accuses China of harassing Philippines - FT (No paywall)  
  

Lloyd Austin reiterates Washington’s commitment to Indo-Pacific security in Singapore speech


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Claudia Sheinbaum, the woman hoping to be Mexico's first female president - FT (No paywall)  
  

She was formed by the campus protests of the 1980s, but supporters insist she is not an ideologue


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The U.S. is slowing Nvidia's and other AI chipmakers' exports to the Middle East, reports say  
  

Officials have delayed issuing licenses for chipmakers to ship AI chips to Middle East nations while reviewing national security concerns


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Business is booming to drive people across scary bridges after the Baltimore bridge collapse  
  

If you’re scared of driving across big bridges, this service will transport you from one side to the other


 
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SpaceX wants its next Starship launch to achieve safe reentry. First it has to not explode  
  

For its upcoming fourth mission, SpaceX aims to demonstrate key capabilities of the world’s largest and most powerful rocket


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Moderna just got FDA approval for its RSV vaccine -- only its second product on the market  
  

The company has been struggling with slowing demand for COVID-19 vaccines


 
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Bill Ackman's Pershing Square Capital could go public soon  
  

The firm is reportedly conducting a funding round that values Pershing Square at $10.5 billion


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Google says 'faked screenshots' made its AI search tool's problems seem way worse than they are  
  

Some of the viral screenshots were real responses that Google says it's working on fixing. Others, not so much


 
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Chobani Yogurt Founder Buys Anchor Brewing Company  
  

Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.


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Alzheimer's Takes a Financial Toll Long Before Diagnosis, Study Finds  
  

New research shows that people who develop dementia often begin falling behind on bills years earlier.


 
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Scientists Find the Largest Known Genome Inside a Small Plant  
  

A fern from a Pacific island carries 50 times as much DNA as humans do.


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The Fed's preferred inflation measure rose 0.2% in April, as expected  
  

The personal consumption expenditures price index for April was expected to show an inflation rate of 2.7% over the past 12 months.


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Elon Musk's X to livestream Trump town hall event  
  

The planned X town hall shows former President Donald Trump once again working with the platform that banned him after the Jan. 6 riot at the U.S. Capitol.


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FDA approves Moderna's RSV vaccine for seniors, the company's second-ever product  
  

The decision is a win for Moderna, which needs another revenue source amid plunging demand for its Covid vaccine, its only commercially available product. 


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Pfizer's drug for advanced lung cancer shows promising long-term trial results  
  

The company's medicine helped patients live longer without seeing their cancer progress, as most of them experienced that benefit for over five years.


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Retailers like Gap and Foot Locker had a strong week. That doesn't spell a consumer comeback  
  

Gap profits were 9 times higher and Foot Locker beat estimates — unlikely winners in Q1 retail earnings. But, this says more about the companies than consumers.


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Salesforce is the most oversold stock on Wall Street amid a losing week for the markets  
  

CNBC Pro screened for the most overbought and oversold names on Wall Street this week.


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Binance's ex-CEO begins prison sentence in California  
  

Binance's billionaire founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.


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Warren Buffett is worried about potential for 'huge losses' in booming, but still tiny insurance market  
  

Warren Buffett recently warned that cybersecurity insurance risks are getting overlooked as agents rush to sign up clients and 'huge losses' could be ahead.


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Costco's new CFO says $1.50 hot dog and soda combo is here to stay  
  

The ¼-pound all-beef frank has been the same price since 1985.


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Here's why the minimum wage and some tax breaks don't budge despite inflation  
  

The minimum wage and financial thresholds tied to things like Social Security taxes don't change along with the cost of living.


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South Africa: Zuma's new party upends election as ANC reels from vote collapse  
  

Ex-president’s uMkhonto we Sizwe party erodes vote share of African National Congress, which has been in power for three decades


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Hundreds of millions wiped from Trump fortune in wake of conviction  
  

Trump Media & Technology Group’s stock finishes day down 5.3% on Wall Street, as ex-president’s stake falls from $6bn to $5.6bn


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California Man Accused in Slingshot Vandalism Dies at 81  
  

Prince King, who was arrested last week, had faced five felony vandalism charges in Azusa, Calif.


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Why Greece Is Betting Big on American Gas  
  

Even as it pivots to solar and wind for itself, Greece aims to become a natural gas supplier across Europe. Among its strongest backers is the United States.


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Ticketmaster Confirms Data Breach. Here's What to Know.  
  

The hacking group ShinyHunters has claimed responsibility for stealing the user information of more than 500 million Ticketmaster customers.


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How East West Bancorp has gained an edge by serving the Asian American community  
  

The Southern California bank is liked by analysts who say that its leadership in the fastest-growing demographic in the U.S. bodes well for future growth. 


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Blinken Hints U.S. May Allow Ukraine Greater Latitude to Strike in Russia  
  

The U.S. secretary of state suggested that Ukraine’s use of American-supplied arms could expand beyond the current limitation to strikes in the Kharkiv area.


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General Catalyst-backed Jasper Health lays off staff | TechCrunch  
  

Jasper Health, a cancer care platform startup, laid off a substantial part of its workforce, TechCrunch has learned.


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Startups Weekly: Musk raises $6B for AI and the fintech dominoes are falling | TechCrunch  
  

Welcome to Startups Weekly — Haje's weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every


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Sample Angel pitch deck: RAW Dating App's $3M deck | TechCrunch  
  

The RAW Dating App aims to shake up the dating scheme by shedding the fake, TikTok-ified, heavily filtered photos and replacing them with a more genuine,


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Exclusive: Antler CEO Magnus Grimeland on Asia's startup ecosystem and investment trends amid the AI boom  
  

We caught up with Antler founder and CEO Magnus Grimeland about the startup scene in Asia, the current tech startup trends in the region and investment approaches during the rise of AI technology.


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British ambassador to Mexico sacked after pointing gun at embassy employee  
  

Clip on social media showed Jon Benjamin aiming assault rifle at colleague in region rife with drug gangs


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Thank you for the music: Abba members get Swedish knighthoods  
  

Agnetha, Benny, Björn and Anni-Frid become first Swedes to be knighted by their monarch for almost 50 years




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