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What to know about the report.
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(New York Times)

UK Bond Yields Rise With Starmer’s Future as Prime Minister in Doubt
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(New York Times)

Tomato Prices Soar as War, Tariffs and Weather Affect a Popular Crop
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(New York Times)

eBay rejects $55.5bn offer from GameStop
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The online auction giant said it doubted how the video game retailer would finance its offer. (BBC News)

US inflation jumps to 3.8% as energy costs surge from Iran war
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The key measure of US inflation rose in April to its highest level since May 2023 as consumers feel the impact of the Iran war. (BBC News)

CPI Shows Inflation Accelerating to 3.8% Annually in April After Weeks of War in Iran
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The Consumer Price Index rose 3.8% in April from a year earlier as higher energy costs replaced tariffs as the driver of higher prices for Americans. (New York Times)

EBay Rejects GameStop’s $55 Billion Takeover Bid
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(New York Times)

How Much Power Did Microsoft Have Over OpenAI?
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(New York Times)

Water firm fined after customers' details hacked
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The hack went undetected by the Staffordshire firm for 20 months, regulator says. (BBC News)

The Iran War Is Taking the Color Out of Japan’s Best-Known Snack Bags
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The food giant Calbee said shortages of naphtha, a crude-oil derivative used in inks, were forcing it to switch to black-and-white packaging for its salty products. (New York Times)