Senate Delays Means Hearing as Trade Advances

The Senate postponed a confirmation hearing for surgeon general nominee Casey Means after she went into labor. Treasury secretary Scott Bessent said a US-China trade pact could be signed next week, with China agreeing to buy 12m tons of soybeans this season and 25m annually for three years, alongside a one-year pause on certain Entity List restrictions. Wall Street futures were slightly lower after a Fed rate cut. The Kremlin reacted cautiously to Donald Trump’s order to resume U.S. nuclear testing, saying Russia would act if the moratorium is broken. In Europe, officials weighed China’s grip on rare earths.

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