IQ Experts

President Donald Trump said in a Truth Social post that he has ordered the reopening of Alcatraz as a prison to “house America’s most ruthless and violent Offenders.”

The costs of such a move would likely reach into at least the hundreds of millions of dollars, based on construction budgets for recent state and federal supermax facilities. Read more: https://bloom.bg/43dRt3c

Representatives for Indian billionaire Gautam Adani and his companies met Trump administration officials about dismissing the criminal charges levied against him in an overseas bribery probe, according to people familiar with the matter. Read more here: https://bloom.bg/4jQMNpO

📷: Sumit Dayal/Bloomberg

President Donald Trump has announced in a post on Truth Social that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time. Read more: https://bloom.bg/4jIFVuT

📷: Ken Cedeno/UP

A key valuation metric touted by legendary investor Warren Buffett is signaling that equities are relatively cheap, bolstering the case that the sizzling rebound in US stocks has room to run. Read more about the "Buffett indicator" here: https://bloom.bg/43acSua

📷: Paul Morigi/Getty Images

Donald Trump declared that Harvard University would lose its tax-exempt status, following weeks of threatening an IRS review of the Ivy League’s tax-free treatment. Get the full story: https://bloom.bg/4jY7Lmp

📷: Sophie Park/Bloomberg

Take-Two said Grand Theft Auto VI, which was expected to launch in the fall, is now planned for release in May 2026 — sending the software company's shares tumbling in premarket trading. https://bloom.bg/3YpMI3X

📷: Chris Delams/Getty Images

The Central Intelligence Agency released two videos aimed at recruiting Chinese officials who might be disillusioned by their prospects in government in a bid to get them to share top secrets about China with the US. Read more here: https://bloom.bg/4k54UIB

📷: Andrew HarrerBloomberg

President Donald Trump recently suggested he’d rather his administration didn’t use the Signal messaging app. A recent photo suggests his team isn’t getting the message. Read more here: https://bloom.bg/3GBD9sI

China said it is assessing the possibility of trade talks with the US, the first sign since Donald Trump hiked tariffs last month that negotiations could begin between the two sides. Read more here: https://bloom.bg/43a1238

Singapore’s ruling party has won elections for six decades.

For Prime Minister Lawrence Wong, what may matter more is the margin of victory as he fronts his first poll as leader: https://bloom.bg/433JQMN

📷: Lauryn Ishak/Bloomberg

The US and Ukraine reached a deal over access to Ukraine’s natural resources, a move that Kyiv sought to solidify President Trump’s backing in ceasefire talks with Russia.

The agreement will grant the US privileged access to new investment projects to develop aluminum, graphite, oil and natural gas. Read more here: https://bloom.bg/42Wl9Rm

📷: Olena Koloda/Bloomberg