A.M. Edition for April 23. Global markets <a href="https://www.wsj.com/livecoverage/stock-market-trump-tariffs-trade-war-04-23-25?mod=WSJ_WNPOD">breathe a sigh of relief</a> as President Trump signals a softer tone on China tariffs and said he <a href="https://www.wsj.com/politics/elections/trump-says-he-has-no-intention-of-firing-fed-chair-powell-eda4c6a7?mod=WSJ_WNPOD">isn’t planning to fire</a> Federal Reserve Chair Jerome Powell. Plus, as Elon Musk hints that his work with the Trump administration <a href="https://www.wsj.com/business/autos/tesla-tsla-q1-earnings-report-2025-f7120a39?mod=WSJ_WNPOD">could be coming to an end</a>, WSJ reporter <a href="https://www.wsj.com/news/author/stephen-wilmot?mod=WSJ_WNPOD">Stephen Wilmot</a> explains what that could mean for Tesla. And federal contractors <a href="https://www.wsj.com/business/consulting-firms-offer-up-to-a-combined-20-billion-in-savings-to-federal-contracts-50dd325b?mod=WSJ_WNPOD">offer billions in cost cuts</a> to win over an administration skeptical about their contributions. Luke Vargas hosts.

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