What’s News in Markets: Temu’s Pressures, Nvidia Delivers, Beautiful E.l.f.

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  Hey, listeners, it's Saturday, May 31st.

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  I'm Francesca Fontana for The Wall Street Journal.

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  And this is What's News in Markets,

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  our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  You guys know I usually do a play by play of the week, right?

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  I go day by day, give you the biggest stock moving news in the order that we got it.

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  But this week, I think the big question is, where are we with tariffs right now?

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  Are they done?

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  Are they back?

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  Were they ever really gone?

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  So where are we with tariffs?

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  Well, they're still in place.

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  For now.

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  But if you can imagine a cloud hanging over them right now,

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  and that cloud's name is legal limbo.

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  First, the U.S.

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  Court of International Trade invalidated nearly all of President Trump's tariffs.

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  Then a federal appeals court allowed them to stay in effect.

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  Now, that's not going to be the end of this saga,

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