Business Update

The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war. Source link

Cerebras, a Silicon Valley maker of artificial intelligence chips, began trading on the stock market on Thursday, as SpaceX, OpenAI and Anthropic also take steps to go public. Source link

Beginning in 2028, the Metropolitan Museum of Art will own the Neue’s Fifth Avenue home and the prestige collection of 20th-century Austrian and German art built by Ronald S. Lauder. Source link

A pledge for more Chinese investment could face backlash given longstanding national security concerns in the United States. Source link

Retail sales rose 0.5 percent despite higher prices for gas, food and other goods. But there are signs consumers are under some strain. Source link

Iranian strikes and a blockade have paralyzed Qatar’s gas engine, creating a technical bottleneck likely to stall exports for years. Source link

The former reality-TV star has shaken up the Los Angeles mayoral race, gaining support from deep-pocketed donors like the financier Daniel S. Loeb. Source link

Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans. Source link

The government must return about $160 billion, plus interest, collected from duties deemed illegal and potentially more if it loses a related tariff case. Source link

In a dispute over vapes, the president sided with tobacco companies that filled his groups’ coffers over his own F.D.A. commissioner, who resigned in protest. Source link