Wednesday Afternoon Links

[Reuters] S&P 500 directionless as investors focus on global trade moves 

[Yahoo/Bloomberg] Oil Declines After Biggest US Crude Stockpile Gain Since March

[Axios] The big trade-off in the "big, beautiful bill"

[The Hill] GOP civil war breaks out over Medicaid as right calls for deeper cuts

[Yahoo Finance] A persistent GOP fight over SALT deductions emerges as hurdle to Trump's 'big beautiful' tax bill

[The Hill] Winners and losers in Trump’s pause on China tariffs

[The Hill] GOP senators raise red flags over House’s ambitious Trump legislative package

[Yahoo/Bloomberg] US Spring Homebuying Season Has Its Weakest Start in Five Years

[Yahoo/Bloomberg] Fed’s Jefferson Sees Lower Growth, Says Inflation Could Rise

[Yahoo Finance] Trump tariffs will produce 'at least a temporary' rise in inflation: Fed's Jefferson

[Politico] Germany’s Merz vows to build Europe’s strongest army

[Bloomberg] US Is Not Negotiating for Weaker Dollar as Part of Tariff Talks

[Bloomberg] The Carried Interest Tax Break Won’t Die. How Private Equity’s Favorite Loophole Works

[WSJ] Rich vs. Poor: Who Gets What in the GOP Tax Bill

[FT] Wall Street’s sudden rebound catches investors ‘offside’