U.S. April Inflation Up Slightly in Early Hints of Tariff Effects
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In case you missed it, YouTube is the number one streaming platform in watch time in the U.S., ahead of Netflix, Disney, and Prime Video for the second year in a row. There's only one YouTube. Here's your midday brief for Tuesday, May 13th. I'm Pierre Bien-Aimé for The Wall Street Journal.

Monthly inflation in the U.S. picked up slightly in April. The Labor Department said today that the Consumer Price Index rose a seasonally adjusted 0.2 percent last month, matching economists' forecasts. Year-over-year inflation cooled to a 2.3 percent increase in April, just below what economists said expected and below March's annual rate.

The April inflation reading gives the Federal Reserve little reason to change their wait-and-see stance because officials are bracing for cost increases or distortions as tariffs take their full effect.

UnitedHealth Group's chief executive, Andrew Witte, has stepped down for personal reasons after presiding over a punishing period for the company, including a steep drop in its shares after its quarterly earnings last month fell significantly short of investors' expectations. Chairman Stephen Hemsley will return to running the healthcare giant effective immediately.

And ESPN's highly anticipated streaming service will cost $29.99 a month. It will be named simply ESPN. Set to launch this fall, the new service will give sports fans all the content shown on ESPN's television channels. The company has the advantage of exclusive NFL, NBA, and college games, among other valuable sports rights.

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