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Here's your midday brief for Tuesday, May 26th.

I'm Anthony Bansy for the Wall Street Journal.

British Energy Major BP has removed its chairman, Albert Manifold.

The London-based company said today that its board's decision to remove him was unanimous. The board says it learned of governance and

conduct issues that it decided were unacceptable. Manifold didn't immediately respond to a request for comment.

BP board member Ian Tyler will take over as chairman on an interim basis. The abrupt management

shakeup has sent the oil giant's London listed shares lower.

Growth in U.S. home prices slowed slightly in March due to higher mortgage rates.

The S&P Kotality Kays Shiller National Home Price Index shows prices rose 0.7% over the 12 months through March.

And Groupon will lay off up to 400 employees or nearly a quarter of its

workforce. The online marketplace company says the cuts are part of its effort to rebuild itself

as an AI-native business. Heads up an artificial intelligence tool helped us make this episode

by creating summaries that were based on WSJ reporting and then reviewed

and adapted by an editor.

We'll have more coverage of the day's news on WSJ's What's News podcast.

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