Shares of electric vehicle maker Tesla, which is headed by Elon Musk, slumped Tuesday as the war of words between billionaire and President Donald Trump over the big bill of tax breaks and spending cuts heats up again, with Musk saying he may form a new political party.

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell on Tuesday stuck to his position that the central bank will keep its key rate on hold while it waits to see how President Donald Trump’s tariffs effect the economy, despite the steady stream of criticism from the White House, which wants lower borrowing costs.

PROVIDENCE, R.I. (AP) – A federal judge has ruled that the recent mass layoffs at the U.S. Health and Human Services were likely unlawful and ordered the Trump administration to halt plans to downsize and reorganize the nation’s health workforce.

BATON ROUGE, La. (AP) – Televangelist Jimmy Swaggart, whose multimillion-dollar ministry and huge audience dwindled following his prostitution scandals, has died. He was 90.

LONDON (AP) – Rap-punk duo Bob Vylan on Tuesday rejected claims of antisemitism over onstage comments at the Glastonbury Festival that triggered a police investigation and sparked criticism from politicians, the BBC and festival organizers.

LONDON (AP) – British Prime Minister Keir Starmer marks a year in office this week, fighting a rebellion from his own party over welfare reform and reckoning with a sluggish economy and rock-bottom approval ratings.

LONDON (AP) – Three senior leaders at the English hospital where nurse Lucy Letby was convicted of murdering babies were arrested on suspicion of manslaughter, police said Tuesday.

DUBAI, United Arab Emirates (AP) – Iran is assessing the damage and lashing out over the American and Israeli airstrikes on its nuclear sites, though Tehran kept open the possibility Tuesday of resuming talks with the Washington over its atomic program.