May 28 (Tuesday)

Stocks
Ron Insana: The market doesn’t realize this is more than a trade war — it’s a new Cold War (C)
Stocks Rise in Wake of European Elections (W)

Credit
Risky Municipal Bonds Are on a Hot Streak (W)
Regulators, Investors Zero In on Corporate Debt Market (W)
A Convertible-Bond Boom in China Isn’t All Good News for Shareholders (W)

US
Poor Manufacturing Orders Point to Slower Economic Growth (W)
Trade Tensions Further Hurt Tractor Makers (W)
Four years, $13 million and dozens of hands: How ‘affordable housing’ gets made in America (MW)

Europe
In Parliament Elections, Populists Seek to Break the E.U. from Within (N)
European Elections Deepen Divisions in National Capitals (W)

India
Modi’s Re-Election Means More Scrutiny for U.S. Tech Giants (W)
Modi’s definitive win may mean a more assertive India (C)

US politics
How Trump Wins Next Year
Blue-state House members try to reclaim higher SALT deductions that were cut in Trump’s tax overhaul (C)

Industries & companies
Pharma: Drug Giant Tries New Tactic to Fight Cancer (W)
Tech: The hot trend in smartphones? Not buying a new one (C)

Geopolitics & trade I
U.S. ‘Not Ready’ to Make a Trade Deal With China, Trump Says (B)
Who’s Winning the Trade War (B)
Trump’s ‘Easy’ Trade War Hits Snags as China Plays the Long Game (B)
US and China aren’t facing ‘enough pain’ right now for them to strike a quick trade deal: UBS (C)
What tariffs do and why they’re working
China is indicating it’ll never give in to US demands to change its state-run economy (C)
U.S. Is Learning That China Likes Its Own Model (W)

Geopolitics & trade II
US takes aim at Chinese surveillance as the trade war becomes a tech war (C)
Trump’s Throttling of Huawei Could Backfire on U.S. Tech (B)
China Commits to Trade Talks Amid ‘Groundless’ Huawei Suspicions (B)
Huawei’s Yearslong Rise Is Littered With Accusations of Theft and Dubious Ethics (W)

Geopolitics & trade III
U.S. Weighs Letting Companies Seek New Penalties Over Currency Manipulation (W)
Trump says he hopes to announce a trade deal with Japan soon (C)
Trump Says Recent North Korean Missile Tests Didn’t Bother Him (W)

Corporate finance
Fiat Chrysler submits proposal for a merger with Renault (C)
Wall Street Isn’t Buying What Silicon Valley Is Selling (W)

Cybersecurity
In Baltimore and Beyond, a Stolen N.S.A. Tool Wreaks Havoc (N)

Offbeat
Slamming a whole generation is just lazy and cheap (P)
Trump Says He Agrees With Kim Jong Un That Biden Has ‘Low IQ’ (B)
Trump knocks Ian Bremmer for ‘completely ludicrous quote’