Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) For years, it was the money-minting trade for the investor set in London and Paris and Tokyo: Buy dollars and plow the proceeds into S&P 500 and Nasdaq stocks. Not only were US equity returns far superior to those generated at home, but they were magnified by the steady rise in the value of the dollar.

(2) President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

(3) The UK economy will grow half as quickly as previously expected in 2026 as Donald Trump’s sweeping tariffs hit business investment, according to EY Item Club.

(4) Canada’s next prime minister is set to inherit a half-year of flat economic growth, economists predict, as people take to the polls on election day.

(5) Eleven people were killed in Vancouver and dozens were injured after a driver plowed into a large crowd at a street festival on Saturday evening, according to police.

(6) Private equity firms are scouring for investment opportunities in European defense - chasing a sector that was once seen as toxic, driven by a historic shift toward increased military spending.

(7) Liverpool have won the English Premier league Championship, earning a record-equalling 20th top-flight title. They confirmed the victory with a 5-1 win over Tottenham Hotspur at Anfield yesterday - matching the achievement of rivals Manchester United.

(8) Podcast conversation: Did We Finally Find Life on Another Planet?

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