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The Excerpt

Ukraine, US sign minerals deal

The Excerpt

USA TODAY

Daily News, News

4.41.2K Ratings

🗓️ 1 May 2025

⏱️ 14 minutes

🧾️ Download transcript

Summary

The U.S. and Ukraine have signed a mineral deal after weeks of tense negotiations.

USA TODAY Personal Finance Reporter Daniel de Visé takes a look at some rough news for the country's GDP.

The Supreme Court's conservative majority in oral arguments seemed open to allowing the Catholic Church in Oklahoma to run the nation's first religious charter school.

House Republicans propose new immigration fees.

USA TODAY Domestic Security Correspondent Josh Meyer takes a closer look at President Donald Trump's personal wealth.

Health and Human Services Secretary Robert F. Kennedy Jr., is pushing curbs on fluoride.

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Transcript

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0:00.0

Good morning. I'm Taylor Wilson. Today is Thursday, May 1st, 2025. This is the excerpt.

0:14.8

Today, the U.S. and Ukraine sign a mineral deal, plus the economy shrank in the first quarter.

0:19.9

And we discussed what's happened to

0:21.1

Trump's personal wealth while in office. The U.S. and Ukraine said yesterday that they've

0:26.9

signed an agreement on a joint fund to invest in Ukraine's reconstruction. A draft of the deal said

0:31.8

it would give the U.S. preferential access to new Ukrainian natural resources deals. The accord

0:36.8

comes after months of at times tense negotiations and a turbulent relationship

0:40.3

between President Donald Trump and Ukraine's President Vladimir Zelensky.

0:44.3

And the deal provides for the creation of a joint U.S. Ukrainian fund for reconstruction,

0:48.3

which will receive 50% of profits and royalties accruing to the Ukrainian state from new natural resources permits in Ukraine.

0:55.7

The U.S. has been Ukraine's single largest military donor since Russia's 22-invasion,

1:00.3

with some $72 billion in aid, according to the Kiel Institute in Germany.

1:08.8

The country's gross domestic product, or GDP, the value of all goods and services, shrank in the first three months of the year.

1:16.2

I spoke with USA Today, personal finance reporter Daniel DeVisei for more.

1:20.1

Daniel, how are you today?

1:21.4

I'm pretty well, and how are you?

1:23.1

Pretty well.

1:23.6

Thanks for wrap it on.

1:24.4

So let's just start with some not so hot news, though, for the U.S.

1:27.6

economy. What did we learn from this gross domestic product news and just how bad really was this

1:32.8

recent quarter for the U.S. economy? The gross domestic product, which is the value of all goods

1:39.1

and services, shrank by 0.3% in the first three months of the year.

...

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