Poland's Pro-EU Path Faces Election Test
Welcome to the Brussels Edition, Bloomberg's daily briefing on what matters most in the heart of the European Union.
Poland's presidential runoff is exposing underlying cracks. While the economy is thriving and the country has reestablished its place in the European mainstream, energy costs, surging taxes and EU funds that have yet to make a tangible impact remain important considerations for local businesses. The vote on Sunday — where government-supported candidate Rafal Trzaskowski faces nationalist Karol Nawrocki — is increasingly seen as a referendum on Prime Minister Donald Tusk's record since he returned to power in 2023 following eight years of populist rule. At stake is whether Tusk's coalition will have a partner in the next president or one who may seek to block its pro-EU agenda. US President Donald Trump's administration has made clear which outcome it would prefer.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
42 minutes ago
- Yahoo
Stock Market News for Jun 5, 2025
U.S. stocks ended mostly lower on Wednesday after data showed private sector payrolls hit a two-year low, suggesting that a lack of clarity over President Donald Trump's trade policies could weigh on the nation's economy. The S&P ended nearly flat, while the Dow slipped. However, the Nasdaq ended in positive territory. The Dow Jones Industrial Average (DJI) slid 0.2% or 91.90 points, to close at 42,427.74 points. The S&P 500 added 0.01% or 0.44 points to finish at 5,970.81 points. Utilities and energy stocks were the worst performers. The Utilities Select Sector SPDR (XLU) fell 1.8%, while the Energy Select Sector SPDR (XLE) declined 2%. The Financials Select Sector SPDR (XLF) lost 0.6%. Six of the 11 sectors of the benchmark index ended in positive territory. The tech-heavy Nasdaq rose 0.3%, or 61.53 points, to end at 19,460.49 points. The fear-gauge CBOE Volatility Index (VIX) was down 0.45% to 17.61. Advancers outnumbered decliners on the NYSE by a 1.3-to-1 ratio. On Nasdaq, a 1.18-to-1 ratio favored advancing issues. A total of 14.5 billion shares were traded on Wednesday, lower than the last 20-session average of 17.8 billion. The Dow snapped its four-day winning streak, while the S&P 500 struggled on Wednesday as disappointing jobs data raised concerns over the economy's health. According to a report from payrolls processing company Automatic Data Processing, Inc. (ADP), the economy added only 37,000 private jobs in May, less than the downwardly revised 60,000 jobs in April and sharply lower than the consensus estimate of 110,000. Trump slammed Federal Reserve Chairman Jerome Powell moments after the figures were out, saying, 'Too Late, Powell,' as he called for immediate interest rate cuts. Investors also focused on trade negotiations between the United States and its trading partners. Trump and the Chinese President are scheduled to talk sometime this week as tensions cease to ease between the world's two biggest economies. The lack of clarity over Trump's upcoming tariff policies has raised concerns among investors. Stocks have rebounded over the past month, and investors are still confident that there will be a positive outcome from the ongoing trade negotiations between the United States and its trading partners. Meanwhile, shares of Tesla, Inc. (TSLA) declined 3.6% after the electric carmaker's sales fell for the fifth straight month in European markets. Also, shares of Dollar Tree, Inc. (DLTR) tumbled 8.4% after the retailer said that its second-quarter adjusted profit could plummet as much as 50% owing to the tariff-fueled volatility. Dollar Tree has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In other economic data released on Wednesday, the Institute for Supply Management's (ISM) Services Purchasing Managers Index (PMI) fell to 49.9 in May from April's reading of 51.6. This is the first time the services sector has declined in nearly a year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report Dollar Tree, Inc. (DLTR) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data
CNN
an hour ago
- CNN
Kilmar Abrego Garcia Returned To U.S. & Facing Criminal Charges - Anderson Cooper 360 - Podcast on CNN Audio
Kilmar Abrego Garcia Returned To U.S. & Facing Criminal Charges Anderson Cooper 360 47 mins The man mistakenly deported to an El Salvadorian prison has been returned to the United States and indicted. We are now learning the prosecutor in charge has resigned over it. Plus, what Elon Musk and Donald Trump are saying now about their breakup. Also, a look at how Musk's insinuation about the President and sex offender Jeffrey Epstein is landing with the MAGA faithful.
Yahoo
an hour ago
- Yahoo
Trump-backed bill could block Tennessee's AI laws, threaten deepfake protections
NASHVILLE, Tenn. (WKRN) — President Donald Trump's 'big, beautiful bill' could change the way Tennessee regulates artificial intelligence. New language added to the legislation would block states from regulating AI or risk losing federal broadband funding. That means state laws like the Elvis Act, which protects artists from having their voices or images stolen by AI, would be put on pause. 'We are just hoping that we're not taking a couple steps backward since there's no federal regulation currently in place,' Kaley Bonett, a Nashville entertainment lawyer at Hall Booth Smith, said. MAY: House Republicans include a 10-year ban on US states regulating AI in 'big, beautiful' bill 'The songwriters — all — are entitled to revenue generated from the performances and distribution of that particular sound recording of their song, so if there's a deepfake imposing and competing with the authentic, then it's going to affect where the revenue share goes,' a Nashville managing partner and shareholder for Hall Booth Smith, Karl Braun, explained. 'It's going to be very difficult for, let's say, a songwriter to protect themselves legally from this evolving kind of internet Wild, wild west.' 'The big beautiful bill that the president is advancing does not replace those regulations with anything, which is almost unprecedented,' Plaintiffs Attorney at Spragens Law, David Kieley, said. Also at risk is the 'Preventing Deep Fakes Images Act,' which makes it a felony to post fake AI images designed to harm someone's reputation. Nashville-based meteorologist Bree Smith was targeted by AI imagery herself, explaining that someone used AI to take her face and put it on someone else's semi-naked body. '[This bill] just means that we are saying for 10 years we are going to let people potentially be victimized in this way, and that can't happen,' Smith said. 'It's not going to be any more okay for something like that to happen 10 years from now than it is for it to happen today.' 'Even looking prospectively at things we haven't really encountered yet, but this would stop the state from being able to regulate things like driverless cars in your town, driverless 18-wheelers on Tennessee highways,' Kieley added. 'We don't know really how this technology could affect public safety things like 9-1-1, dispatch.' A law signed just last week by Governor Lee banning AI-generated child sexual abuse material could also be blocked. ⏩ 'It would put child sex predators and big tech over the safety of our families,' Sen. Heidi Campbell (D-Nashville) said. 'This is really antithetical to the values that people across the aisle in Tennessee have been communicating with our legislation.' The president's bill passed in the House of Representatives. It's now in the Senate, where supporters hope to finalize it by July. Senator Marsha Blackburn has previously stated that Tennessee needs AI safeguards, saying, 'Until we pass something that is federally preemptive, we can't call for a moratorium on those things.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
