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PRESS DIGEST - Wall Street Journal - May 30

ReutersMay 30, 2025 4:24 AM

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Republican and Democratic senators Jim Banks and Elizabeth Warren sent a letter to Nvidia NVDA.O CEO Jensen Huang on Wednesday raising national security concerns about Nvidia's plans to open a research and development facility in Shanghai.

- The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, extending the regulator's new approach to cryptocurrencies since President Donald Trump reentered the White House.

- The independent board of Ben & Jerry's said the conflict in Gaza is a genocide, escalating a bitter feud between the ice cream maker and its longtime London-based corporate parent Unilever ULVR.L.

- Costco Wholesale COST.O is taking steps to reduce its exposure to tariffs by pulling orders forward and moving the sourcing of its private-label products to the regions where they are sold.

- U.S. President Donald Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday for their first face-to-face meeting since he took office in January and told the central bank chief he was making a "mistake" by not lowering interest rates.

- U.S. President Donald Trump's administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15% for 150 days.

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