Good Morning!

Good Morning! It's Monday, May 12, and in today’s edition of Rise & Recap, we look at:

• U.S.-China cut tariffs for 90 days.

• Shift in millennials’ spending habits.

• How much sleep do you need?

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Spill The News

U.S., China Slash Tariffs For 90 Days

The United States and China have agreed to temporarily reduce tariffs on each other’s goods, according to a joint statement released in Geneva. The move is aimed at easing trade tensions and creating a three-month window for further negotiations between the world’s two largest economies.

Under the agreement, the United States will cut its combined tariffs — currently as high as 145% on most Chinese imports, including those tied to fentanyl — to 30% by May 14. In return, China will lower its 125% tariffs on U.S. products to 10%, officials confirmed during a Monday briefing.

The announcement followed trade talks between China and the U.S. over the weekend in Switzerland, which Bessent had called “productive and constructive”. It marked the first meeting between the two nations since President Donald Trump imposed steep tariffs on Chinese imports in January.

Zelensky Agrees to Meet Putin

Ukrainian President Volodymyr Zelensky said he’s ready to meet Vladimir Putin in Turkey on Thursday, after U.S. President Donald Trump publicly urged him to accept the Kremlin’s proposal for direct talks.

Earlier Sunday, Russian President Putin proposed the meeting in a prime-time televised address, suggesting May 15 in Istanbul. Hours later, Russia launched drone strikes on Kyiv, according to the Associated Press. “We await a full and lasting ceasefire, starting from tomorrow, to provide the necessary basis for diplomacy. There is no point in prolonging the killings,” Zelensky posted on X. 

“And I will be waiting for Putin in Türkiye on Thursday. Personally. I hope that this time the Russians will not look for excuses,” he added. Putin said the talks aimed “to achieve the restoration of a long-term, lasting peace.”

Trump Likely to Cut Drug Prices by 80%

President Donald Trump announced he will sign an executive order Monday morning to slash prescription drug prices “almost immediately, by 30% to 80%.” Posting on Truth Social Sunday, Trump said, “I will be instituting a MOST FAVORED NATION'S POLICY [MFN] whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”

Prescription drug prices in the U.S. remain significantly higher than in other countries, a long-standing issue both Trump and former President Biden have vowed to address. 

The pharmaceutical industry criticized Trump’s announcement, blaming high drug prices on pharmacy benefit managers and health insurance companies.

Click-Worthy

🎓 Tufts student Rümeysa Öztürk returns home after six weeks in detention.

💉 Weight-loss jabs halve obesity-related cancer risk.

✝️ In first address, Pope Leo XIV urges for all wars to end.

❤️ Dating a friend's ex? Your moral compass might not agree.

☢️ Iran, U.S. end nuclear talks in Oman, await next approval.

👩‍⚕️ Are doctors gaslighting women with pelvic pain?

🕊️ Hamas to release last American hostage, in move to appease Trump.

💸 Millennials' spending habits shift amid economic anxiety and inflation fears.

🚓 Newark Mayor Ras Baraka arrested protesting ICE detention center opening.

🛌 How to figure out how much sleep you need?

Her Hustle

🍼 Imagine if motherhood's daily grind was seen as ambitious as boardroom battles — redefining success to include caregiving's unseen labor.

👔 CEOs are done coddling employees — welcome back to office mandates, fewer perks, and AI threats. Corporate kindness just got downsized.

The Glow Guide

🧴 Serum SPFs are the new skincare heroes: combining sun protection with hydration and radiance for effortless beauty.

💅 Celebrity glam, bold bobs, dreamy nails and trendsetting artists make this week's beauty roundup total Pinterest-board perfection and future inspo gold.

The Fame Frame

👩‍👧‍👦 Amber Heard welcomes twins, completing her dream family.

💖 Taylor Swift and Travis Kelce resurface in Philly.

🎶 Miley Cyrus clears the air: no family feud, just tech mishap.

📸 Justin Baldoni breaks IG silence with Mother's Day post amid lawsuit.

🎬 Tom Cruise praises Nicole Kidman, reigniting 'Eyes Wide Shut' nostalgia.

Go. See. Do.

📺 Watch | Mormon moms and murderbots — this week’s TV lineup.

🥗 Cook | Hearty pearl couscous salad with a secret ingredient.

🏖️ Explore | Europe's hidden beaches, a serene escape from touristy shores.

📚 Read | Best books of 2025 (so far).

"I hope you go out into the world and let stories, not scars, shape you."

— Joan Halifax