Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Nvidia, the chipmaker at the center of an AI spending boom, delivered good-but-not-great quarterly numbers on Wednesday, drawing a muted response from investors accustomed to blowout results.

(2) President Donald Trump on Wednesday gave a series of apparently contradictory answers about his plans to enact tariffs on Canada and Mexico, as well as the European Union.

(3) At home, UK Prime Minister Keir Starmer has framed his trip to meet Donald Trump as a bid to save Ukraine and the trans-Atlantic alliance. At the White House, he’ll argue that the US president needs Europe to come out a winner.

(4) US Director of National Intelligence Tulsi Gabbard called for an investigation and expressed concern after the UK government ordered Apple Inc. to build a backdoor into the global data of its customers.

(5) Chancellor of the Exchequer Rachel Reeves said the British government wants to boost commerce with the US, its biggest single-country trading partner, even as President Donald Trump threatens widespread trade tariffs.