Reuters Daily Briefing

"Deal to end war is close" and "hantavirus-hit cruise ship will sail to Spain."

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Daily Briefing

By Kate Turton

Hello. The US and Iran are closing in on a memorandum to end war, the FDA blocked publication of COVID and shingles vaccine safety studies, and a hantavirus-hit cruise ship will sail to Spain. Plus, Kara Young on Broadway’s ‘Proof’ and the power of stories to transform audiences.

Today's Top News   An Iranian woman walks next to an anti-Israeli mural on a street in Tehran, Iran, May 5, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS Middle East The United States and Iran are closing in on an agreement on a one-page memorandum to end the war in the Gulf, a source from mediator Pakistan familiar with the negotiations said. Follow live. Israeli strikes killed at least three Palestinians, including a child, and wounded several others in the Gaza Strip, health officials said. In other news Former US Senator Sherrod Brown was projected to win the Ohio Democratic primary election, setting up what is expected to be a competitive race with incumbent Republican Senator Jon Husted. On the Reuters World News podcast correspondent Richard Cowan explains what Democrats need to do to make it happen in November. The US Department of Homeland Security identified the US-Israeli war with Iran as a potential motive for the man accused of attempting to assassinate President Trump and senior members of his administration at a White House reporters' gala last month, according to an ‌intelligence report. Officials at the US Food and Drug Administration blocked the publication of several studies supporting the safety of widely used ‌vaccines against COVID-19 and shingles, a Department of Health and Human Services spokesperson said. A luxury cruise ship hit by a deadly hantavirus outbreak and marooned for days with close to 150 people on board was due to head to Spain, while South Africa confirmed it identified among the victims a strain of the virus ‌that can - in rare cases - spread among humans. Pope Leo marks his first year leading the Catholic Church with a higher public profile and a ramped-up schedule, having grown more outspoken on the world stage and drawn the ire of Trump.

Business & Markets   A humming US corporate profit engine is at the heart of the US stock market's rally to record highs - an encouraging sign for investors as long as the fuel driving profits keeps flowing. Australia will spend A$10 billion ($7.22 billion) to boost its national fuel stockpiles and establish a permanent government-owned fuel ‌reserve, Prime Minister Anthony Albanese said. Diageo posted 0.3% growth in quarterly ‌organic net sales, driven by strong demand for its Guinness beer in Britain and Ireland and customers in Latin America and the Caribbean stocking up ahead of the soccer World Cup. Rivian is working on undisclosed variants of its R2 electric vehicles, the company's CEO said, days after starting volume production of the smaller and more affordable SUVs. Read our exclusive. The release of transcripts of Federal Reserve rate-setting meetings, a cornerstone of its transparency for more than 30 years, undermines the debate needed to set good monetary policy, incoming US central bank chief Kevin Warsh says in an upcoming book, remarks that echo his wider desire to overhaul the Fed.

SpaceX IPO gives Musk sweeping power and curbs shareholder rights   A mural of Elon Musk, during sunset near Starbase as SpaceX prepares to file for an initial public offering, in Texas. REUTERS/Carlos Barria SpaceX has adopted corporate governance policies that will erode typical shareholder protections in unprecedented ways, giving founder Elon Musk virtually unchecked executive authority when the rocket maker goes public later this year. Excerpts of SpaceX's IPO registration statement reviewed by Reuters show the company is combining supervoting shares, mandatory arbitration, stricter rules on shareholder proposals and Texas corporate law to give Musk and other insiders broad control. At the same time, it sharply limits investors' ability to challenge management, sue in court and force votes on governance issues. Read more

And Finally... Actor Kara Young, cast member of the Broadway revival of "Proof" poses for a portrait during an interview with Reuters in New York City. REUTERS/Brendan McDermid Since reaching Broadway in 2021, Kara Young has earned an extraordinary series of theatre accolades. She recently made theater history as the first person nominated in the Best Featured Actress in a Play category consecutively for four years, and she became the first Black actor to win back-to-back Tonys last year when she took the award for her role in the Pulitzer Prize-winning drama “Purpose” by Branden Jacobs-Jenkins. Now she is performing in the first Broadway revival in 25 years of another Pulitzer Prize-winning play, David Auburn’s "Proof." Read more

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