What to Know

• Defense Secretary Pete Hegseth lashed out at the latest reporting on his use of the Signal group chat app to discuss military plans.
• Treasury Secretary Scott Bessent told investors in a closed-door meeting today he expects “there will be a de-escalation” in Trump’s trade war with China in the “very near future,” CNBC reported.
• Stocks rallied on hopes that U.S.-China trade tensions could ease soon, as investors recovered much of the steep declines suffered in the previous session.
• Elon Musk said that he will begin dedicating more time to Tesla and less to his work with the Trump administration starting next month.
• U.S. health officials said they would urge food makers to phase out petroleum-based artificial colors in the nation’s food supply, but stopped short of promising a formal ban.