Trump’s ‘Golden Dome’ Riles Nuclear-Armed Rivals

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  US stocks rise sharply after the European Union agrees to fast-track trade talks with Washington.

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  And President Trump says Vladimir Putin is playing with fire.

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  Plus,

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  how universities are rethinking their investment strategies to deal with Trump's planned tax hike on endowments.

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  The reason this proposed tax plan is such a seismic change is

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  because it shifts the perspective of endowment chiefs.

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  To go from being effectively a tax-exempt investor,

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  you suddenly need to don this hat of being a taxable investor.

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  It's Tuesday, May 27th.

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  I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Osola.

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  This is the PM edition of What's News,

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  the top headlines and business stories that moved the world today.

• 00:55

  President Trump expressed renewed frustrations with Russian President Vladimir Putin today,

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  writing on social media, quote,

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  What Vladimir Putin doesn't realize is that if it weren't for me,

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  lots of really bad things would have already happened to Russia.

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  And I mean really bad.

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  He's playing with fire.

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  The White House didn't immediately respond to a request for comment.

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  Meanwhile,

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