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Chinese President Xi Jinping warns U.S. President Donald Trump that mishandling Taiwan could push the two superpowers towards a clash. Russia unleashes its heaviest wartime drone attack on Ukraine. Cuba has run out of diesel and fuel oil according to its energy minister. The White House is running out of ideas to keep soaring fuel prices in check. Republicans are winning the redistricting war, but the maps may not be enough to hold the House in the midterms. A court overturns Alex Murdaugh's murder convictions. And Madonna, Shakira and BTS will headline the first-ever World Cup final halftime show. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. President Donald Trump lands in Beijing today hoping that Chinese President Xi Jinping will help him end his unpopular Iran war. Reuters exclusively reports that Saudi Arabia launched unpublicized strikes on Iran in March – the first time the kingdom is known to have directly carried out military action on Iranian soil. U.S. consumer prices continued to rise last month delivering the largest annual inflation increase in nearly three years. Marty Makary resigns as FDA commissioner. And the Cannes Film Festival kicks off. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Washington sanctions 12 entities for helping Iran ship oil to China, as President Donald Trump heads to Beijing to meet with President Xi Jinping. A new Reuters/Ipsos poll shows voters blame Trump’s Republicans as gas prices spike and household finances take a hit. All passengers from the hantavirus-hit MV Hondius are off the cruise ship and being flown home. A growing number of anti-AIPAC Democratic primary challengers force a party reckoning. And the Eurovision Song Contest opens under a cloud of boycotts over Israeli participation and changes to public voting rules. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. President Donald Trump calls Iran’s counteroffer to end the war "totally unacceptable." British paratroopers parachute onto a remote Atlantic island to deliver supplies to a suspected hantavirus patient. Brazil reclaims the top spot for Chinese investment as Beijing pours capital into Latin American's biggest economy. And how Kansas City has emerged as a hub for the World Cup's soccer players and their followers. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Passengers begin disembarking the hantavirus-hit cruise ship near Tenerife and are transferred to quarantine. Russian President Vladimir Putin says the war in Ukraine may be "coming to an end" as a U.S.-brokered ceasefire holds. Iran says it's sent its response to a U.S. peace proposal. A car bomb and ambush kill at least 14 police officers in Pakistan. Plus, false health rumors spreading on social media have fueled mob attacks in the Democratic Republic of Congo Watch the latest On Assignment episode: A conversation with Pulitzer winners Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

A U.S.-brokered, three-day ceasefire between Russia and Ukraine begins, as Moscow marks WWII Victory Day with a scaled-back parade. Virginia's Supreme Court strikes down a Democratic congressional map, while Louisiana's redistricting battles roiling early voting. Reform UK emerges as the big winner in British local elections. Plus, the fate of LIV Golf's players after Saudi Public Investment Fund pulls funding. Watch the latest On Assignment episode: A conversation with Pulitzer winners Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump insists the ceasefire is holding after U.S. and Iranian forces clash in the Gulf. A Reuters investigation reveals $7 billion of well-timed bets on falling oil prices were placed just before Trump’s Iran announcements. UK Prime Minister Keir Starmer's Labour party hemorrhages support in local elections. Tennessee Republicans carve up Memphis's majority-Black congressional district. And Sir David Attenborough celebrates his 100th birthday. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Iran weighs a U.S. peace proposal, but negotiators say the gulf between Tehran and Washington remains wide. Brazil’s President Luiz Inacio Lula da Silva heads to the White House for a high-stakes meeting. A note, purportedly written by Jeffrey Epstein, surfaces. Ted Turner, the man who built CNN, has died. And Diet Coke parties become all the rage in India as the Iran war sparks a can shortage. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. President Donald Trump says there’s progress on ending the Iran war and pauses a mission to escort ships through the Strait of Hormuz. Democrats see veteran populist Sherrod Brown as their best bet to retake Ohio, and the Senate. Millions of soccer fans in India and China might not be able to watch next month’s World Cup. And the world’s most consumed staple – rice – is under threat because of fertilizer shortages and soaring fuel costs from the Iran war. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

U.S. intelligence says months of war with Iran have barely dented Tehran's path to a nuclear bomb. Meanhile both countries launch new attacks as they wrestle for control of the Strait of Hormuz. Around 150 passengers are confined to their cabins amid a hantavirus outbreak on board a cruise ship. The collapse of Spirit Airlines sparks a Washington blame game. Stars walk the carpet at the Met Gala on fashion's big night. Plus, Reuters wins two Pulitzer Prizes. Listen to the Morning Bid podcast here. Sign up for the Reuters Econ World newsletter here. Listen to the Reuters Econ World podcast here. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices