Economic Indicators

Trump orders simpler path for genetically engineered food

President Trump wants to make it easier for genetically engineered plants and animals to enter the food supply, and he signed an executive order Tuesday directing federal agencies to simplify the "regulatory maze" for producers.

Business Highlights

___ States sue to stop $26.5 billion Sprint-T-Mobile deal NEW YORK (AP) — A group of state attorneys general led by New York and California are seeking to block T-Mobile's $26.5 billion bid for Sprint.

Japan premier hopes to ease US-Iran tensions in Tehran visit

Japanese Prime Minister Shinzo Abe's trip to Tehran represents the highest-level effort yet to de-escalate tensions between the U.S. and Iran as the country appears poised to break the 2015 nuclear deal it struck with world powers that America earlier abandoned.

Underlying U.S. producer inflation pushing higher

Producer prices excluding food, energy and trade services rose 0.4 percent last month, matching April's gain, the government said. The so-called core PPI increased 2.3 percent in the 12 months through May after rising 2.2 percent in April.