• US-China trade deal excludes "de minimis" exemptions for e-commerce firms - [IH]

• Bessent advocates for strategic decoupling from China - [IH]

• Bessent states that the current tariff level for China serves as a 'floor' - [DB]

• MicroStrategy buys 13,390 bitcoins from May 5 to May 11 at an average price of $99,856, totaling $1.34B - [AGGR]

• S&P 500 opens 2.9% higher, NASDAQ climbs 4.1% - [DB]

• Trump may speak with Xi by the end of the week - [DB]

• Trump threatens to increase tariffs if countries fail to comply with drug policy - [IH]

• Trump warns that China tariffs will increase if no deal is reached - [IH]

• Trump: China tariffs won't return to 145% - [IH]

• US considers chip sale to Emirati AI firm G42 - [DB]

• U.S. expected to announce Saudi AI chip deal this week - [DB]

• UAE secures deal for 'hundreds of thousands' of GPUs - [DB]

• S&P 500 rises 3.2%, NASDAQ increases 4.3% - [DB]

• S&P 500 and NASDAQ 100 close at highest levels since early March - [DB]

• S&P 500 Index rises 20% since April low, approaching bull market - [DB]

• Canary files for TRX ETF with CBOE - [PN]

• Coinbase Global to join the S&P 500 - [Tree]

• Truth Social denies rumors of a new memecoin launch - [AGGR]

• JPMorgan now forecasts the next Fed rate cut in December, down from September, while Citi expects it in July. Goldman Sachs also shifts its prediction to December and lowers US recession odds to 35% from 45%. Barclays aligns with December for the next cut - [IH]

• U.S. CPI rises 2.3% year-over-year (est. 2.4%), while core CPI remains at 2.8% year-over-year (est. 2.8%) - [Tree]

• S&P 500 opens 0.1% higher, NASDAQ rises 0.3% - [DB]