i think this bill shows that that assessment was correct. and we have to keep our eye on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the surge in the company s share price came after the chip maker shocked analysts by forecasting a surge in demand for its products because of advan
republicans about what should be in any compromise. the devil is always in the details and the two sides are still pretty far apart on some of those details. we have fox team coverage tonight. chad pergram is on capitol hill to tell us what is going on behind the scenes but we begin with white house correspondent jacqui heinrich live from the north lawn with the biden administration perspective. good evening, jacqui. good evening, bret. the white house called a lid before 5:00 p.m. with no deal and earlier today the press shop held its last scheduled briefing before tuesday, meaning, as things stand, the american people are set to spend four of the remaining seven days before the economy could go off a cliff without getting questions answered. and some are coming from within the president s party. and they are making progress. i want to be clear that the negotiations we re having with speaker mccarthy is about the outlines of what the budget will look like, not about defa
give up its secrets. rebecca morelle, bbc news. the time is 10:30pm and darren is here with the weather. hello, i want to touch on the flooding in italy first of all. this is just another example of severe weather becoming more severe and happening more often. it wasn t too long ago that this part of italy was in drought, but there has been six months of rain in the last couple of weeks which has certainly changed all that. this programme contains repetitive flashing images there s more analysis of the days main stories on newsnight with victoria which is just getting under way the site of the former redcar steelworks is at the centre of a furious row between the conservative mayor of tees valley and labour. truly shocking. industrial scale corruption on teesside. a huge site acquired by the public body south tees developments limited for £12 million, in 2019. what s going on then? we ll talk live to the conservative mayor who s facing labour claims of cronyism, corruption
the uk has struck a deal to join a trans pacific trade pact consisting of 11 countries. together australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam account for 13% of global gdp. the pact called the comprehensive progressive agreement for trans pacific partnership aims to cut or reduce 95% of import charges or tariffs. but some will be retained to protect sensitive domestic areas. the initial gains for britain will only be marginal, as it already has free trade deals with 9 of the 11 countries involved, and the government s own estimates show being in the bloc will only add 0.08% to the size of the uk s economy. joining me now is marco forgione, dg of the institute of export and international trade. how big a win is this for britain? victoria, this is a huge achievement to the uk. there are three areas we need to look at whenjudging are three areas we need to look at when judging what s been approved. the first is the e
in england could be just the tip of the iceberg according to inspectors and planting 100 wildlife meadows across historic sites to mark the coronation of king charles. and coming up on the bbc news channel. wimbledon would allow russian and belarusian players to compete as neutrals this summer lifting a ban in place from last yearfollowing russia s invasion of ukraine. good afternoon and welcome to the bbc news at 0ne. donald trump has become the first former us president, to face a criminal prosecution. the precise charges against him haven t yet been made public, but they re thought to relate to falsifying business records, to hide a payment to a pawn star, stormy daniels, during the 2016 presidential campaign. it s alleged ms daniels was paid off, in exchange for her silence about an alleged affair. mr trump denies any wrongdoing, calling the indictment political persecution and election interference . 0ur north america correspondent, john sudworth, has our top story.