These are the headlines you Need2Know:
* **Trade War Averted:**
President Trump met with European Commission President Jean-Claude Juncker on Wednesday to discuss deescalating the trade war. Contrary to Trump's past stances, the president agreed to hold off on auto-tariffs, while the EU vowed to purchase more U.S. agricultural products like soybeans. For a shot of Juncker kissing Trump, check out [Twitter](https://twitter.com/realDonaldTrump/status/1022267646119763970?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1022267646119763970&ref_url=https%3A%2F%2Fwww.bbc.co.uk%2Fnews%2Fworld-us-canada-44961560).
* **No Free Lunch for San Fran:**
The city wants to ban new tech companies from offering free lunch meals in offices, in the latest effort to support local restaurants. If adopted, this policy will not apply to older, established companies like Google. Read more at [the SF Chronicle](https://www.sfchronicle.com/business/article/Tech-industry-s-coveted-office-cafeterias-could-13101014.php).
* **Second Officer Killed in Milwaukee:**
A 17-year police veteran was killed Wednesday by a drug suspect. His death marks Milwaukee's second police fatality in the past two months. As of Thursday, the suspect is in custody. More on [the latest](http://www.wisn.com/article/milwaukee-police-officer-shot-on-citys-north-side/22553707).
* **Demi Lovato Retreats After Overdose:**
Demi Lovato, stable after her opiate overdose, cancelled her Thursday night appearance in Atlantic City. Fox is also reportedly pulling an episode from series "Beat Shazam" that features the singer. Tune in to Cheddar at 12:40 PM ET to hear from Roger Crystal, M.D., who developed NARCAN, a drug that reverses opiod overdoses and saved the singer.
Cheddar's Jill Wagner gets into the latest.
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An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
