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Sarah Gonzalez
Hey, it's Sarah Gonzalez. The economy has been in the news a lot lately. It's kind of always in the news, and Planet Money is always here to explain it. Each episode we tell a sometimes quirky, sometimes surprising, always interesting story that helps you better understand the economy. So when you hear something about cryptocurrency or where exactly your taxes go, Yas Abes, Listen to the Planet Money podcast.
Jack Spear
From NPR Live from NPR News in Washington, I'm Jack Spear. President Trump says he expects to know soon if Russian President Vladimir Putin is serious about ending the war in Ukraine. As NPR's Greg Myhre explains, Trump has been increasingly critical of the Russian leader in recent days.
Greg Myhre
President Trump says he still believes a ceasefire is possible in the Russia Ukraine war, but he wants a clear answer from Putin. Within the next two weeks.
Jack Spear
We're going to find out whether or not he's tapping us along or not. And if he is, we'll respond a little bit differently.
Greg Myhre
Trump has criticized Putin for a series of heavy air strikes on Ukraine in recent days. The US President is threatening additional sanctions but has not taken any action. Ukraine says Russia is stalling for time with no intention of agreeing to a truce. Russia, meanwhile, is calling for a new round of ceasefire talks next week in Turkey. Greg Myhre, NPR News, Washington.
Jack Spear
New York and 15 other states are suing the Trump administration over its actions to drastically cut funding for the National Science Foundation. As NPR's Jeff Brumfeld reports, the suit seeks to restore money to universities.
Jeff Brumfeld
The lawsuit was filed in the Southern District of New York by a coalition of state attorneys general led by New York and Hawaii. The group says the administration violated the law when it halted funding to programs that increased participation of women and minorities in science. The suit argues that those programs were mandated by Congress. It also seeks to repeal a 15% limit on so called indirect costs associated with research grants. The Trump administration has said it believes the NSF must refocus purely on fundamental research. It's seeking to slash the science foundation's budget next year in half. Jeff Brumfiel, NPR News.
Jack Spear
Nearly three out of four Americans say they are doing okay financially, even though many are still concerned about rising prices. NPR Scott Horsley reports on the latest survey from the Fed.
Scott Horsley
The Fed's annual snapshot offers a fairly stable picture of economic well being in the U.S. it's based on a survey conducted last fall shortly before the November election. 73% of those surveyed said they were living comfortably or at least doing okay. Four out of five said they'd adjusted their behavior in response to higher prices. 63% of those polled said they could cover an unexpected $400 bill using savings down slightly from 2021, when bank accounts were padded with pandemic relief payments. More than six in 10 people who changed jobs last year said they found a better job, though that was down from 72% who said so during the great reshuffling a couple of years earlier. Scott Horsley, in There's a new boss.
Jack Spear
At Chrysler parent company Stellantis, the company announcing that Antonio Filosa, who's currently the chief operating officer for the car company, will take over as CEO effective June 23. He replaces Carlos Tavares, who resigned last year. The dow is down 244 points. This is NPR. A federal judge in New York wasted little time in rejecting a defense request for a mistrial in the sex trafficking and racketeering case of music mogul Sean Diddy Combs. Radio request came with the trial now in its third week. In a Manhattan courtroom, prosecutors posed questions to an LA Fire Department investigator that could imply to the jury Combs interfered in the probe of another rapper's firebombed car. However, the judge later told jurors to disregard questions related to destroyed fingerprint cards. Every year, 140,000 people die from snake bites. At the World Health assembly that ended this week in Geneva, global health experts gathered to discuss the problem. As NPR's Jonathan Lambert explains, that initiative began with large statues of venomous snake.
Jonathan Lambert
Bites aren't often at the top of the global health agenda, but each year millions of people get bitten, often far away from antivenom treatment. To raise awareness, a new initiative called Strike Out Snakebite scattered human sized snake statues throughout Geneva.
Scott Horsley
They were pretty spectacularly colored and colourful and pretty large. They certainly, I think, attracted lots of attention.
Jonathan Lambert
That's David Lalou, vice chancellor of the Liverpool School of Tropical Medicine. Going forward, he says the initiative aims to boost funding for antivenom research and help bolster health systems so they can get bitten people to treatment before it's too late. Jonathan Lambert, NPR News.
Jack Spear
Crude oil futures prices moved higher today after OPEC and its allies opted to, at least for now, leave output policy unchanged. Oil rose 95 cents a barrel to settle at $61.84 a barrel. In New York, I'm Jack Spear, NPR News, in Washington.
Jonathan Lambert
Listen to this podcast sponsor free on.
Jack Spear
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NPR News Now: Detailed Summary of May 28, 2025 Episode
On May 28, 2025, NPR News Now delivered a comprehensive update on a variety of pressing national and international issues. This summary encapsulates the key discussions, insights, and conclusions from the episode, providing a coherent overview for those who did not listen.
Timestamp: [00:23]
NPR’s Jack Spear reported on President Donald Trump's stance regarding the ongoing war in Ukraine. President Trump expressed optimism about the possibility of a ceasefire, emphasizing the need for a definitive commitment from Russian President Vladimir Putin.
Timestamp: [00:43]
NPR’s Greg Myhre elaborated on Trump's position, stating, "President Trump says he still believes a ceasefire is possible in the Russia-Ukraine war, but he wants a clear answer from Putin within the next two weeks" (00:43). Trump has been increasingly critical of Putin, particularly concerning the heavy airstrikes conducted by Russia in Ukraine. He has threatened additional sanctions, although no concrete actions have been taken thus far. Ukraine accuses Russia of stalling for time without genuine intentions of reaching a truce, while Russia has proposed new ceasefire talks to be held in Turkey next week.
Timestamp: [01:22]
NPR’s Jack Spear covered a significant legal development where New York, along with 15 other states, initiated a lawsuit against the Trump administration. The lawsuit challenges the administration's drastic reduction in funding for the National Science Foundation (NSF), aiming to restore financial support to universities.
Timestamp: [01:35]
NPR’s Jeff Brumfeld provided details on the lawsuit, noting, "The lawsuit was filed in the Southern District of New York by a coalition of state attorneys general led by New York and Hawaii" (01:35). The plaintiffs argue that the administration unlawfully halted funding to programs designed to increase the participation of women and minorities in science, which were mandated by Congress. Additionally, the suit seeks to eliminate a 15% limit on indirect costs associated with research grants. The Trump administration contends that the NSF should concentrate solely on fundamental research and plans to reduce the foundation's budget by half next year.
Timestamp: [02:14]
NPR’s Jack Spear introduced findings from the Federal Reserve's latest survey, highlighting the financial sentiments of Americans amidst inflationary pressures.
Timestamp: [02:24]
NPR’s Scott Horsley reported, "73% of those surveyed said they were living comfortably or at least doing okay" (02:24). The survey, conducted in the fall before the November elections, reveals that nearly three out of four Americans feel financially stable, despite concerns over rising prices. About 80% have adjusted their spending habits in response to higher costs, and 63% believe they can cover an unexpected $400 expense, a slight decrease from 2021 when pandemic relief payments bolstered savings. Furthermore, while more than six in ten individuals who changed jobs last year secured better positions, this figure has dipped from 72% during the earlier stages of the job market reshuffling.
Timestamp: [03:06]
NPR’s Jack Spear announced a significant leadership transition at Stellantis, the parent company of Chrysler. Antonio Filosa, the current Chief Operating Officer, will ascend to the role of Chief Executive Officer effective June 23, succeeding Carlos Tavares, who resigned the previous year. This leadership change comes amidst fluctuating stock market responses, with the Dow experiencing a decrease of 244 points on that day.
Timestamp: [03:06]
In an ongoing high-profile case, a federal judge in New York swiftly denied Sean "Diddy" Combs' defense request for a mistrial in his sex trafficking and racketeering trial, now in its third week. The trial witnessed prosecutors questioning an LA Fire Department investigator in a manner that suggested Combs may have interfered with the investigation into another rapper's firebombed vehicle. However, the presiding judge instructed jurors to disregard questions related to the destruction of fingerprint cards, potentially mitigating the impact of these allegations on the case.
Timestamp: [04:09]
NPR’s Jonathan Lambert reported on a new global health initiative launched at the World Health Assembly in Geneva, focusing on the pervasive issue of snakebites, which claim approximately 140,000 lives annually.
Timestamp: [04:14]
NPR’s Scott Horsley described the unique awareness campaign: "They were pretty spectacularly colored and colorful and pretty large. They certainly, I think, attracted lots of attention" (04:25). The initiative, termed "Strike Out Snakebite," features human-sized snake statues scattered throughout Geneva to draw attention to the crisis. David Lalou, Vice Chancellor of the Liverpool School of Tropical Medicine, emphasized that the campaign aims to increase funding for antivenom research and strengthen health systems to ensure timely treatment for snakebite victims.
Timestamp: [04:48]
NPR’s Jack Spear concluded the episode with an update on the crude oil market. Following OPEC and its allies' decision to maintain current oil output levels, crude oil futures experienced an uptick, rising by 95 cents per barrel to settle at $61.84.
This episode of NPR News Now provided listeners with a succinct yet thorough overview of significant events shaping the economic, political, and social landscape both in the United States and globally.