I went too far

Good morning. Regrets—Elon Musk has a few. Downtown LA is under curfew. And we’ve got great news for you K-pop fans out there. Listen to the day’s top stories.

Sorry. Elon Musk, who had a very public falling out with Donald Trump last week, regrets some of the social media posts he made, saying “they went too far.” The dispute—which was triggered by Musk’s opposition to the tax-cut bill Trump is pushing through Congress—posed a threat to the billionaire’s wealth when the president raised the prospect of cutting off his government contracts. Tesla investors can relax a bit; the company’s shares rose in premarket trading.

Speaking of Musk, the Tesla chief executive officer set June 22 as a tentative launch date for its robotaxi network, posting that the date may shift because the company is “super paranoid about safety.” The service has suffered a series of delays over the years.

Trade latest. The US and China agreed on the outlines of a plan to revive the flow of sensitive goods. US Commerce Secretary Howard Lutnick said Beijing pledged to speed up rare earth metal shipments, while Washington would ease some export controls. The agreement still needs approval from Donald Trump and Xi Jinping. As this unfolds, an appeals court ruled Trump can keep his global tariffs in place for now.

The lack of details in the deal didn’t impress markets with US stock futures dipping. Attention turns next to today’s US inflation numbers as forecasters expect consumer prices picked up in May, though the impact of tariffs will probably be more pronounced in June. Keep on top of the key market themes right here.

Los Angeles enacted a curfew for part of downtown, leading to a quieter night, while anti-ICE protests spread to other cities including Chicago, New York and Atlanta. Here’s an explainer on why Trump’s decision to deploy military to LA amid protests is so controversial.

Deep Dive: Far From the Border

Mexico pledged to provide jobs for citizens deported from the US, but recent data shows that barely 4% of the tens of thousands expelled since late January have been matched with employment.

The Big Take

Japan's booming financial market has sparked a fierce talent war, with banks resorting to extreme measures to recruit and retain staff, even holding parties for former employees to lure them back.

Opinion

Trump Accounts—where every newborn American gets $1,000 invested in a tax-privileged index fund—is one of the prettier offerings in the One Big Beautiful Bill, John Authers writes. The man’s determination to put his name on things may grate, but this is a sensible idea.

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Before You Go

Big win. Nintendo sold over 3.5 million units of its new console in just four days, a record-breaking start. Switch 2 is its first new console in eight years, and has already sold more units than the original Switch did in its first month in 2017.

K-pop freedom. Korean pop superstars Jimin and Jung Kook were greeted by hundreds of fans as the BTS members were discharged from South Korea’s mandatory military service. They join other fellow members who were released yesterday, bringing a reunion of the group tantalizingly closer for their legion of devotees.

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