Marketplace All-in-One

The U.S. and Iran remain far apart on a ceasefire, as President Donald Trump warns on social media that "the clock is ticking." The standoff is rattling global markets. Government bonds are rising, pushing up borrowing costs. And oil prices are moving higher this morning, as traders worry that the war in the Middle East will lead to a prolonged period of higher inflation. We'll discuss. And later: how Brazil became BYD’s biggest market outside of China.

The war in Iran has cost Americans more than $40 billion in additional fuel costs, according to an analysis from Brown University’s Watson School of International and Public Affairs. The costs go beyond just what Americans pay at the pump; higher diesel costs are factoring into rising prices for other consumer goods, too. This morning, we'll do the numbers. Plus, after a slowdown, "vertical dramas" are putting some Hollywood crews back to work.

Hydropower is one of the oldest forms of energy creation, and uses the flow of rushing water to create electricity. The province of Québec, Canada, has historically had an abundance of it and, later this spring, will start supplying hydropower to New York City.

This is the second big hydropower line to link Québec and the Northeast U.S. this year, after a line to Massachusetts came on board this winter.

Right now, the power is going one way, from Canada to the U.S., but some are thinking that the U.S. could eventually sell renewable wind energy back to Canada and let that country hold on to its hydropower for when it's really needed, creating a “regional battery,” says Marketplace's Henry Epp, who’s been reporting on this.

New consumer data shows alcohol sales were down over 5% in April. And, as you’ve probably noticed, gas prices were up. Is there any correlation? In this episode, why high fuel prices may exacerbate existing consumer trends — like cutting back on beer. Plus: Cerebras’ successful IPO signals hunger for AI stocks, Hollywood is buying more short stories, and we discuss the week’s economic headlines.

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Tomorrow is the Preakness Stakes, the second event in the Triple Crown. Betting on horse racing in the U.S. has declined by more than 50% over the last few decades. And while you might think platforms like Kalshi and Polymarket would see opportunity in horse racing bets, they haven't made inroads. Why don’t prediction markets have a horse on that race? We explain. And later, we'll do the numbers on defense lobbying.