Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.

(2) Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

(3) A flood of cash from passive equity allocations will pour into the stock market in early July, setting up a continuing rally through the early summer, according to Goldman Sachs Group Inc.’s trading desk.

(4) LondonMetric Property will join the FTSE 100 Index in a reshuffle that pushes Ocado Group out of Britain’s blue-chip gauge for the first time in six years.

(5) The return of Brexit architect Nigel Farage as leader of Reform UK and a candidate in next month’s general election has seen the right-wing party close to within just two points of Prime Minister Rishi Sunak’s governing Conservatives, threatening a dire election result for the premier, a new poll by YouGov showed.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Rishi Sunak reached for a tried-and-tested Conservative weapon in his first UK election campaign debate with Keir Starmer, repeatedly warning that the Labour leader would raise taxes. But their heated prime-time TV clash showed up the prime minister’s own weaknesses as much as his opponent’s.

(2) Indian Prime Minister Narendra Modi is gearing up for coalition talks after his party lost its majority in parliament, forcing him to rely on allies to form a government for the first time since he stormed to power a decade ago.

(3) US job openings fell in April to the lowest level in over three years, consistent with a gradual slowdown in the labor market.

(4) Intel agreed to sell a stake in a venture that controls a plant in Ireland to Apollo Global Management Inc. for $11 billion, helping bring in more external funding for a massive expansion of its factory network.

(5) UK banknotes featuring the portrait of King Charles III will enter circulation Wednesday, though they’re likely to be rare for some time in everyday cash transactions.

See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) India will announce election results later today, with investors already cheering a third term victory for Prime Minister Narendra Modi based on exit polls, pushing stocks to a record.

(2) Rishi Sunak is considering hardening his Conservative Party’s position on the European Convention on Human Rights, as disastrous polling and Brexit architect Nigel Farage’s decision to stand for Reform UK in the general election leave the premier’s ruling party facing a potential wipe out.

(3) Marks & Spencer’s chief executive officer pay rose by about £2 million ($2.6 million) last year as the UK retailer’s turnaround progressed.

(4) A glitch during a software update early Monday led the New York Stock Exchange to erroneously halt trading on about 40 stocks and display odd trades showing a 99% drop in companies including Warren Buffett’s Berkshire Hathaway.

(5) GameStop shares have surged after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million position in the video-game retailer on Sunday.

See omnystudio.com/listener for privacy information.