CNN 5 Things US stocks surge, more Newark delays, Kentucky Derby winner fined & more
May 12, 2025
The stock market is buzzing with optimism after a tariff rollback between the US and China. The Supreme Court is set to tackle a major case on birthright citizenship. House Republicans are revealing a compromise plan for Medicaid. Newark Airport faces ongoing technical glitches, adding to travel woes. Meanwhile, the jockey who triumphed at the Kentucky Derby is facing fines and a suspension for whip violations. It's a blend of finance, legal drama, and unexpected sports controversies!
AI Snips
Chapters
Transcript
Episode notes
US-China Tariff Rollback
- The US and China agreed to slash tariffs temporarily, easing trade tensions significantly.
- This thaw comes after escalated trade wars that halted trade and threatened price hikes.
Birthright Citizenship Case Focus
- The Supreme Court case on birthright citizenship focuses on the scope of court rulings, not the policy's constitutionality.
- White House considers suspension of habeas corpus but faces major legal challenges.
Medicaid Plan Compromise
- House Republicans proposed a Medicaid plan combining work requirements and frequent eligibility checks.
- The plan aims to balance budget cuts with maintaining essential support, avoiding radical restructuring.