Good evening. I'm Jeff Pennant. And I'm Amna Nawaz on the news hour tonight. Global markets

surge as the United States and China announce a deal to roll back steep tariffs for now.

Hamas releases the last living American hostage held in Gaza and what's being described as a gesture of goodwill toward the Trump administration.

And the president signs an executive order attempting to lower drug prices in line with what other countries pay.

One of the most basic challenges is that we don't really know what they pay.

The United States Welcome to the news hour.

There's been a big breakthrough in the battle over tariffs.

The United States and China have paused many of their most punishing tariffs

for the time being while they try to reach a larger deal. It's a major thaw in the trade war

between the world's two biggest economies and the news brought euphoria to the stock market. The

Dow Jones Industrial average skyrocketed by more than 1,100 points. The NASDAQ shot up by more than 4%, and the

S&P 500 rose by more than 3%. All of this set the stage for a big day of news from President

Trump as he began the first major foreign trip of his second term. Lisa Desjardin starts our coverage.

The closing bell rang with good news today on the New York Stock Exchange as the U.S.

and China are lowering the temperature on tariffs, at least for now, announcing a three-month

pause in their trade war, buying time to reach a broader deal.

President Trump today called it a total reset. The relationship

is very good. We're not looking to hurt China. China is being hurt very badly. In fact, the tariffs have

hurt both countries contributing to a record U.S. trade deficit and market turmoil. Now come temporary

tariff reductions that are deeper than investors predicted.

The U.S. will deflate Trump's recent 145 percent tariffs on Chinese goods to 30 percent,

while China will go from 125 percent on American products to 10 percent. After weekend high-stakes talks with the Chinese in Switzerland, Treasury Secretary Scott

...