Indian Commerce Minister: Under the India-UK trade agreement, 99% of Indian exports will benefit from zero tariffs.

1. Preview of tariffs on pharmaceutical products - Trump: A statement will be made next week on matters related to drug costs. Tariff measures on pharmaceutical products will be announced in the next two weeks. 2. Favoring American pharmaceutical factories - Trump ordered the U.S. Food and Drug Administration (FDA) to shorten the time it takes to approve domestic pharmaceutical manufacturers, and ordered an increase in fees and inspection frequency for foreign manufacturing plants. 3. Announcement of a visit to the Middle East next week - Trump said he will travel to Saudi Arabia, the United Arab Emirates and Qatar next week. Foreign media reported that BlackRock CEO Larry Fink, Citigroup's Jane Fraser, and some senior executives of American technology companies will accompany Trump to visit Saudi Arabia next week. 4. New immigration policy - Trump said he would pay $1,000 to illegal immigrants who voluntarily leave the United States and arrange for them to leave by plane. Trump said the plan is aimed at advancing his plan to deport illegal immigrants on a large scale. 5. Knowing who blew up the "North Stream" - US President Trump said Washington knows who is responsible for the explosion of the "North Stream" natural gas pipeline, so there is no need to investigate it specifically. He also denied that Russia was involved in the matter. 6. Says Putin is more inclined to peace --US President Trump said Moscow and Kiev want to resolve the Ukrainian conflict, while Russian President Putin is more inclined to peace after the recent drop in oil prices. "Now that oil prices have fallen, I think we are in a good position for reconciliation. Russia wants to reconcile and Ukraine wants to reconcile," Trump said. 7. Talking to the Turkish President --US President Trump said he had spoken with Turkish President Erdogan, who will visit Washington in the future. Trump called their discussion "very good and productive" and said the two discussed "many issues", including the Russian-Ukrainian conflict, the Syrian issue and the Gaza war. 8. The department that fights transnational crime will be disbanded --The Trump administration is retiring the "Organized Crime Drug Enforcement Task Force", which has long played a central role in combating transnational organized crime networks, drug cartels and human trafficking gangs. 9. Didn't know he was "Photoshopped into the Pope"--Trump: I don't know that I was portrayed as the Pope. The image of the Pope is for entertainment purposes.

When the U.S. stock market opened, the Dow fell 0.73%, the S&P 500 fell 0.97%, and the Nasdaq fell 1.19%. Tesla (TSLA.O) opened down 2.0%. Its new car sales in the UK in April fell 62% year-on-year, the lowest level in more than two years; Pony.ai (PONY.O) opened up 8.2%. The company announced a strategic partnership with Uber (UBER.N). Its Robotaxi service and fleet will be connected to the Uber platform in the second half of this year.