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1. S&P hits record closing high as investors bet on Fed rate cut23:06[−]
The S&P 500 index registered a record closing high on Thursday, lifted by Wall Street's expectations that the Federal Reserve will cut interest rates as soon as next month to keep the U.S.-China trade war from stalling economic growth.

2. Senate rejects Saudi arms sales in rebuke to Trump23:05[−]
The U.S. Senate on Thursday voted to block the sale of billions of dollars in military sales to Saudi Arabia, the United Arab Emirates and other countries, rejecting President Donald Trump's decision to sidestep Congress' review of such deals by declaring an emergency over Iran.

3. Alabama Republican Roy Moore launches 2020 Senate bid despite party opposition23:02[−]
Alabama Republican Roy Moore, whose 2017 U.S. Senate bid was derailed by allegations of decades-old sexual misconduct involving teenage girls, said on Thursday he would run again for the seat next year, defying his party's leadership.

4. Apple, Keurig Dr Pepper, Dollar Tree press U.S. to drop China tariff plan22:56[−]
Apple Inc, Keurig Dr Pepper Inc and Dollar Tree Inc filed public comments on Thursday urging the U.S. government to drop plans for tariffs on Chinese imports that would raise the cost of consumer products from iPhones to coffee pods.

5. In warming West, Rio Grande roars back to life, for now22:51[−]
After years of drought, no one in Rio Grande County, Colorado, can remember the last time their namesake river was closed to the public because it was running too high.

6. Exclusive: Deutsche Bank braced for continued Fed restrictions on U.S. business - sources22:44[−]
Deutsche Bank AG executives expect U.S. regulators to continue to impose restrictions on its Wall Street investment bank even if it passes an annual health check, three sources familiar with the matter said.

7. U.S. human trafficking report drops child separation warning22:38[−]
The U.S. State Department's annual human trafficking report released on Thursday demoted Saudi Arabia and Cuba to countries that failed to meet minimum U.S. anti-trafficking standards.

8. Trump says Iran may have shot down U.S. drone by mistake22:32[−]
U.S. President Donald Trump played down Iran's downing of a U.S. military drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely-controlled aircraft had been piloted.

9. Then there were two: Johnson and Hunt fight for British PM job22:19[−]
Fervent Brexit campaigner Boris Johnson and foreign minister Jeremy Hunt emerged on Thursday as the only two candidates left in the race to become British prime minister, with the flamboyant Johnson odds-on favorite to win next month.

10. U.S. appeals court lets Trump abortion referral 'gag rule' take effect22:08[−]
A federal appeals court on Thursday cleared the way for the Trump administration to enforce a controversial rule barring clinics that receive federal funds for family planning services from referring patients to abortion providers.

11. Iran's Zarif tweets that downed U.S. drone took off from UAE21:44[−]
Iran's foreign minister said on Twitter that a U.S. military drone that was shot down by Tehran on Thursday had taken off from the United Arab Emirates.

12. Factbox: Airbus and Boeing aircraft deals at Paris Airshow21:21[−]
Following is a summary of commercial aircraft deals announced by Airbus and Boeing at the Paris Airshow.

13. Airbus demands chance to bid for IAG's surprise Boeing 737 MAX order21:21[−]
Airbus called on Thursday for a chance to compete for a blockbuster plane order by British Airways owner IAG, which stunned industry executives at this week's Paris Airshow by ordering 200 of Boeing's grounded 737 MAX.

14. JetBlue orders 13 Airbus A321XLR, 10 A220: sources21:21[−]
JetBlue Airways plans to order 13 of Airbus's newly launched A321XLR longer-range single-aisle jetliners as well as 10 more of the smaller A220, industry sources said on Thursday.

15. Factbox: The two Conservatives fighting to be next UK PM21:11[−]
Former London mayor Boris Johnson will take on foreign minister Jeremy Hunt to become Britain's next prime minister.

16. Factbox: The Global Hawk drone shot down by Iran20:54[−]
Iran on Thursday shot down a U.S. military drone it said was on a spy mission over its territory. Washington said the aircraft was targeted in international air space in "an unprovoked attack."

17. After years of war and drought, Iraq's bumper crop is burning20:52[−]
Iraqi farmer Riyadh woke on May 13 to find his wheat crop ablaze. In his fields in Diyala province, he found the remains of a mobile phone and plastic bottle which he believes was an explosive device detonated in the night to start the fire.

18. Israel's Netanyahu urges support for U.S. against Iran's 'aggression'20:36[−]
Israeli Prime Minister Benjamin Netanyahu on Thursday called on the international community to support the United States against Iran as tensions between the two countries escalated after the downing of a U.S. drone by Iran.

19. White House invites congressional leaders for Iran briefing: source20:35[−]
The Trump administration called top congressional leaders to the White House for a briefing later on Thursday on Iran following the downing of a U.S. surveillance drone, a source with knowledge of the meeting said.

20. China, U.S. to resume trade talks but China says demands must be met20:32[−]
China said on Thursday it hoped U.S. officials would bring a problem-solving attitude to renewed trade talks in advance of a meeting between Presidents Donald Trump and Xi Jinping next week in Japan.

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