Died: Ivan Menezes, 63, Diageo chief executive. https://ift.tt/g3aRkU5

The U.S. and China are preparing for a potential visit to Beijing by Blinken later this month that could include a meeting with Xi, according to officials on both sides. https://ift.tt/Li1TDjG

Amazon plans to launch an ad-supported tier of its Prime Video streaming service, according to people familiar with the situation. https://ift.tt/uD9lwAM

U.S. stocks ended mixed, with the S&P 500 and Nasdaq shedding 0.4% and 1.3%, respectively, while the Dow gained 0.3%. https://ift.tt/7vfIHxj

Americans imported more goods from abroad in April while becoming less reliant on products from China, another sign of strong U.S. economic momentum this spring. https://ift.tt/oAGgDEm

Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a new bout of volatility in financial markets. https://ift.tt/8m93vtB

Instagram helps connect and promote a vast network of accounts openly devoted to the commission and purchase of underage-sex content, according to investigations by The Wall Street Journal and researchers at Stanford University and the University of Massachusetts Amherst. https://ift.tt/nkZd6Mo

Ken Paxton’s Home Renovation Payment Disclosure Shows New Ties to Donor https://ift.tt/8ehaJHg

Asian Currencies Consolidate; May Weaken on Higher Treasury Yields https://ift.tt/qDUOGAC

Google Gets Stricter About Employees’ Time in Office https://ift.tt/DsFKunk