New York Times

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  1. Investors appear to be treating an end to the U.S.-Israeli war with Iran as a foregone conclusion, as the S&P 500 closes above 7,000.
  2. Amid signs of a prolonged period of high energy costs, policymakers are urging restraint as governments open up the public till to protect households and businesses.
  3. Higher inflation is leading companies to raise prices without sacrificing margins.
  4. Prime Minister Giorgia Meloni was once considered one of President Trump’s closest European allies. Their friendship now appears in danger.
  5. Jerome H. Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the central bank after that.