Saturday's News Links

[AP] Zelenskyy rejects formally ceding Ukrainian territory, says Kyiv must be part of any negotiations

[Yahoo/Bloomberg] Meta’s $29 Billion Deal Marks Key Moment for Private Credit

[Axios] Trump's China gamble

[CNN] Trump made his MAGA Fed pick. His next choice will be far more consequential

[Yahoo/Bloomberg] Traders Are Fleeing Stocks Feared to Be Under Threat From AI

[AP] Nagasaki marks 80th A-bomb anniversary as survivors put hopes of nuclear ban in the hands of youth

[NYT] Zelensky Rejects Ceding Territory to Russia After Trump Suggests a Land Swap

[NYT] Layoffs? Price Increases? Companies Make Hard Choices as Trump’s Tariffs Set In.

[NYT] Trump Is Building a Maximalist Government

[NYT] Chatbots Can Go Into a Delusional Spiral. Here’s How It Happens.

[WSJ] Putin Tells U.S. He’ll Halt War in Exchange for Eastern Ukraine

[WSJ] Inside the Trump Administration’s Strong-Arm Trade Negotiations

[WSJ] Why Poor Nations Got Hit With Higher Tariffs Than Rich Ones

[WSJ] Trump Preparing IPO for Fannie Mae and Freddie Mac Later This Year

[WSJ] The Cities Offering Thousands of Dollars to Convince Workers to Move

[WSJ] Gerrymandering by Both Parties Is Deepening America’s Political Divide

[FT] Zelenskyy rejects Trump suggestion that Ukraine will give up territory

[FT] Swiss gold industry in crosshairs after US tariff debacle

[Ft] US high-grade corporate bond market notches up biggest inflows since 2020