Treasury Secretary Scott Bessent reported "substantial progress," but offered no details of an agreement reached as two days of negotiations wrapped up in Geneva.

Good morning. The US and China tout significant progress after two days of trade talks. CATL limits the types of US investors that can participate in its Hong Kong listing. And Pope Leo XIV delivers his first Sunday address.

The White House said it was announcing a trade deal, without providing any details. Representatives from the U.S. and China had been meeting in Switzerland.