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Trump is heading into a high-stakes Beijing summit after rejecting Iran’s latest ceasefire proposal, sending oil prices sharply higher and rattling global markets ahead of this morning’s inflation report. Americans are watching gas prices surge past $4.50 a gallon while traders brace for the hottest CPI reading in months.

Meanwhile, NBCUniversal just unveiled an aggressive franchise strategy built around Fast and Furious spinoffs and legacy TV brands, underscoring how deeply Hollywood is leaning on familiar IP as streaming growth slows.

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Trump rejected Iran's latest response to the US ceasefire proposal Sunday, calling it "TOTALLY UNACCEPTABLE" and putting the truce at "1% chance of living." Iran's offer demanded an end to the war, the lifting of US sanctions on its oil sales, an end to the US port blockade, and the unfreezing of seized assets.

Brent crude pushed past $104 a barrel Monday and WTI topped $98 — both up nearly 3% on the session and more than 40% since the war began on February 28. Desks had been pricing a late-May deal to reopen the Strait of Hormuz; that timeline now looks vulnerable to slipping into June.

Trump heads to Beijing later this week with the Iran file riding alongside trade and Taiwan, and China remains the single largest buyer of Iranian oil. Market desks now treat Thursday's summit as the cleanest single point of diplomatic leverage left in the war.

April's headline CPI prints at 8:30 ET this morning, with economists expecting a 3.7% annual reading and a 0.6% monthly bump — the hottest reading since late 2023. Core is expected to register 0.4% monthly and 2.7% annual, the first re-acceleration of core in seven months.

Trump on Monday said he wants Congress to suspend the federal gas tax "for a period of time" as average pump prices crossed $4.52 a gallon — a more than 50% jump since before the US bombed Iran. Pausing the 18.4-cent tax would shave roughly $2.21 off a 12-gallon fill and cost the federal government about half a billion dollars a week.

Eight in ten Americans now say gas prices are straining their household budgets, per a new NPR/PBS/Marist poll, and 63% blame Trump directly. Stock futures slipped overnight as traders braced for the CPI print while continuing to monitor every Iran-war headline.

NBCUniversal opened its 2026 upfront at Radio City Music Hall Monday with Bowen Yang and Matt Rogers singing about ad dollars, Tina Fey hyping NBC's 100th-birthday celebration on December 10, and first looks at "Dig" with Hugh Laurie and Amy Poehler, a Friday the 13th prequel called "Crystal Lake," and a Linda Cardellini lead. Andy Cohen used a "Bravo Lab" time machine to tee up a 20th-anniversary Real Housewives road-trip special.

Vin Diesel walked out during Jimmy Fallon's segment to announce that the Fast and Furious franchise is becoming a TV universe, with four series in various stages of development across Peacock and Universal Television. Mike Daniels and Wolfe Coleman ("Shades of Blue") will showrun the lead series; Diesel executive produces alongside Neal Moritz and Pavun Shetty.

Seth Meyers closed the show with his standard upfront roast, and Bravo greenlit a "Real Housewives of Rhode Island" Season 2 plus a "Vanderpump Rules" spinoff. Industry watchers say NBCU's positioning was the most franchise-heavy in years — the answer to streaming's slowing subscriber growth is apparently more sequels.

New gang attacks in Port-au-Prince forced hundreds of families to flee toward the airport over the weekend. Doctors Without Borders evacuated its Cite Soleil hospital after treating more than 40 gunshot victims in 12 hours.

Hamburg authorities arrested a 17-year-old boy accused of planning extremist-inspired attacks on a shopping mall, a bar, and a police station. Investigators recovered notes and online communications linking him to a wider radical network.

UK Labour lost more than 1,100 council seats last week as Nigel Farage's Reform UK gained over 1,400 and the Green Party picked up 300. More than 70 Labour MPs have publicly called for Starmer to resign; he says he won't go and frames himself as a "10-year project of renewal."

Justice Samuel Alito Monday extended a stay keeping telemedicine and mail-order access to mifepristone in effect through Thursday at minimum, while the court decides whether to take up Louisiana's challenge to the FDA's prescribing rules. One in four US abortions now happen by telemedicine; a ruling for Louisiana would force them all back into clinics.

A new investigation of Minnesota hospitals found 62 of the state's 123 general hospitals spent less than 0.5% of operating budgets on charity care from 2020 to 2024, against a 2.4% national average. Findings land as the uninsured population grows again, with patients reporting they were told they made "too much" — sometimes around $41,000 a year — to qualify for assistance.

Oregon's public schools ranked last nationally in fourth-grade reading on the latest NAEP analysis, prompting an Oregon writer named J. Schuberth to run for governor under the name "Pencil" — campaigning in costume as a literal pencil and spending $30,000 of his own money. Sitting governor has made reading a first-term priority and pushed a new law giving the state more authority to intervene in failing districts.

The Trump administration asked a federal court Monday to pause its ruling striking down the 10 percent global tariff while it pursues an appeal. The Court of International Trade voided the levies last week but stopped short of blocking collection, leaving importers in limbo.

Greg Abel is settling into his first quarter at the helm of Berkshire Hathaway, with analysts watching whether his more operational style can match Buffett's market touch. Berkshire's cash pile sits near record highs.

Polymarket and Kalshi prediction-market betting on the Iran war has drawn senator scrutiny over insider trading and national-security risk, with one US senator now floating regulatory ideas on this morning's Indicator. Iran-war contracts have moved sharply ahead of public news events more than once this spring; lawmakers want to know what the platforms are doing to self-police.

Researchers used satellite NO2 data and per-capita GDP across 2,475 of the world's biggest cities to show that 80% have grown economically while reducing fossil-fuel emissions — the first global, scalable city-by-city green-growth tracker. About 16% of cities, mainly in India and the Middle East, still show fossil-fuel-dependent growth.

A massive new James Webb survey mapped more than 164,000 galaxies across deep space, giving astronomers one of the clearest looks yet at how the early universe formed. Researchers say the project could reshape current theories about how galaxies clustered together shortly after the Big Bang.

Scientists are warning that the booming NAD+ anti-aging industry has surged far ahead of the human evidence, despite celebrity-backed supplements and expensive IV treatments becoming increasingly mainstream. Early trials remain small and inconsistent, raising new doubts about whether many of the longevity claims can actually be supported.

Donovan Mitchell scored 43 and the Cavaliers ripped off a 22-0 third-quarter run to beat Detroit 112-103 Monday night in Cleveland and tie the East semis at 2-2. James Harden added 24 and 11 assists; Game 5 is Wednesday with the winner getting the Knicks in the Eastern Conference Finals.

The Avalanche beat the Wild 5-2 Monday night in Minnesota, scoring four third-period goals to go up 3-1 in the second round. Josh Manson returned from a five-game absence; Colorado can close the series at home Wednesday and book a Western Conference Final spot.

Coby Mayo hit a three-run homer off reliever Brent Headrick in the seventh to lift the Orioles past the Yankees 3-2 Monday night at Camden Yards. Ryan Weathers carried a no-hitter into the seventh before the Orioles got their first hit and Mayo immediately made it count.

Abraham Foxman, the Holocaust survivor who led the Anti-Defamation League for 28 years and shaped the modern fight against antisemitism, died Sunday at 86. Foxman counseled presidents and CEOs and publicly confronted prominent figures over antisemitic remarks throughout his run.

The Cannes Film Festival opens Tuesday with a Palme d’Or lineup featuring Pedro Almodovar, Laszlo Nemes, and 20 other films competing for the festival’s top prize. Peter Jackson and Barbra Streisand will also receive honorary Palme d’Or awards during the closing ceremony later this month.

Byron Allen bought a majority stake in BuzzFeed Monday afternoon for $120 million, becoming chairman and CEO while founder Jonah Peretti moves to a new "President of BuzzFeed AI" role. Allen plans to pivot BuzzFeed and HuffPost into free-streaming video, audio, and user-generated content — essentially chasing YouTube with AI as the lever.

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What it is: A sharp internal Trump administration fight is breaking out over who controls AI rules, with US spy agencies pushing for more sway over how the federal government polices powerful frontier models. The Commerce Department has held the lead role under President Trump's national AI framework, but intelligence leaders argue cybersecurity threats now justify a national security seat at the table.

What changed: The Trump administration recently confirmed it will begin pre-deployment safety tests of frontier models from Google, Microsoft, and xAI under a new Center for AI Standards and Innovation. Tests of Anthropic's powerful Mythos model surfaced thousands of operating system vulnerabilities, and ESET researchers separately uncovered ransomware that uses large language models to choose its own targets. Spy chiefs say those findings push AI risk beyond a normal commerce-track review.

Why it matters: Whoever controls AI safety review effectively decides which frontier models reach US enterprise and consumer markets, when, and on what terms. A national security led process would empower the intelligence community to restrict releases tied to critical infrastructure, energy grids, and defense supply chains. It would also reshape how US labs compete with Chinese rivals, an angle Trump is expected to raise at the Beijing summit later this week.

What to watch: National Economic Council director Kevin Hassett floated comparing AI model approval to an FDA drug review, a framing that hands sweeping power to federal regulators. Watch whether the White House issues a fresh executive order clarifying agency turf and whether Anthropic, OpenAI, and Google publicly back or resist intelligence community oversight. The next concrete tell will be the safety evaluation framework the Center for AI Standards and Innovation publishes in the coming weeks.

- A Maryland grandmother kept playing the license plate digits off her husband's stubborn driveway car and finally hit a $50,000 Pick 5 jackpot, which feels like the universe rewarding a long marriage worth of side-eye.

- An Arizona man doing yard work found the world's second largest lizard doing laps in his backyard pool, which is the kind of unscheduled cardio nobody asked for.

- A Georgia animal services officer pulled a tiny kitten out of a deep drainage system using nothing but a leash and a flashlight, proving once again that the best rescue gear is whatever is already on your belt.

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—The Five Minute Daily Team