Daily brief
The European Parliament has voted to halt the implementation of a customs agreement with the United States, effectively freezing the trade pact. The move comes amid announcements of new US tariffs and confusion over trade policy. The EU has stated it will not follow the US in imposing new tariffs.
The Dow Jones Industrial Average fell sharply, dropping 800 points as shares of IBM suffered their worst single-day decline in 25 years.
Gilead Sciences is expanding its cancer business through the multibillion-dollar acquisition of the cell therapy company Arcellx.
Bosch has reached an agreement with worker representatives to close a production plant.
Slovakia has threatened to cut emergency power supplies to Ukraine (ongoing coverage).