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Jerome Powell, the chair of the Federal Reserve, said that the fallout from Donald Trump's tariffs

could present challenges to the central bank's dual mandate goals of ensuring low inflation and a healthy job market.

Stocks fell on his warning.

Earlier, Mr. Trump unexpectedly announced he would attend a meeting with Japanese officials who are visiting Washington to negotiate lower tariffs.

Iran said it's right to enrich uranium. who are visiting Washington to negotiate lower tariffs.

Iran said its right to enrich uranium is not negotiable ahead of talks with America this weekend.

Iran's foreign minister said that he had heard contradictory statements from Steve

Wickhoff, an envoy to Donald Trump regarding America's demands.

Earlier, Mr. Wickev said Iran must stop and eliminate its nuclear enrichment.

He previously said America wanted to set limits on enrichment instead.

ASML, a Dutch manufacturer of chip-making tools, reported orders in the first quarter that fell short of analysts' expectations.

Net profit slightly exceeded estimates.

ASML was forced to cut its sales forecast for 2025 in October amid weakened demand for its more basic equipment.

Christoph 4K, ASML's boss, said tariffs had increased uncertainty, but that he had anticipated

growth over the next two years.

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