National: Breaking US News from CNBC

President Barack Obama drinks a glass of filtered water from Flint, a city struggling with the effects of lead-poisoned drinking water, during a meeting with local and federal authorities in Michigan, May 4, 2016. REUTERS/Carlos Barria

Here is the latest US News from CNBC.

As Fort McMurray blaze grows, firefighters can’t even approach main blaze
One disaster response manager compared the task of controlling the fire to “trying to stop a hurricane from hitting the Eastern Seaboard.”

This $200 cookbook made by Tom Brady sold out online
New England Patriot’s quarterback Tom Brady released a limited edition “nutrition manual” online on Wednesday and it’s already sold out

Apple’s Tim Cook said to visit China for government meetings
Apple CEO Tim Cook plans to visit Beijing this month to meet government officials, a source familiar with the matter told Reuters.

Want a bag with that? They’ll soon cost you 5 cents a pop in NYC
The ubiquitous, easily torn, often doubled-up plastic bags from the grocery store will soon cost at least a nickel in New York City.

Donald Trump won’t be shunned by CEOs, experts say
Business leaders will find ways to work with Donald Trump if he becomes president, two experts say.

On the fence about a June rate hike: Dennis Lockhart
Here’s what’s weighing on Atlanta Fed President Dennis Lockhart’s mind when it comes to deciding whether to hike rates.

KFC redefines chicken fingers, sells edible fingernail polish in Hong Kong
KFC is now offering edible fingernail polish that tastes just like chicken.

The refreshed Tesla Model S 70 lets you pay to ‘unlock’ a bigger battery
The updated version of Tesla’s Model S car has a secret just waiting to be unlocked, reports The Verge.

There’s a 40% chance I’d pick my VP from former GOP rivals: Trump
The presumptive GOP presidential nominee tells CNBC he prefers to pick a running mate with government experience.

Imax putting new spin on fitness
What Imax did for films, it is trying to do for spinning, with cyclists immersed in front of a big screen.

New rule: FDA bans e-cigarette sales to anyone under 18
The Food and Drug Administration released a plan for regulating e-cigarettes and other tobacco products, NBC News reports.

Another state watches its finances get whacked by oil prices
This state’s finances were already shaky when oil fell, and now energy layoffs are further denting revenue.

Warehouse fire in Houston sends towering black smoke
Officials had no immediate reports of anyone hurt. They are still seeking the cause of the blaze.

NY lets Winklevoss bid to trade digital currency ether
The New York State Department of Financial Services is allowing the twins’ company to use a different kind of currency.

Goldman Sachs thinks the Street is wrong about April jobs
The April jobs picture could be better than current Wall Street expectations, according to Goldman Sachs economists.

Donald Trump names hedge fund veteran as finance chairman
Presumptive Republican nominee Donald Trump, who has touted his ability to fund most of his campaign, has named a finance chair.

Wall Street doubts Tesla can hit aggressive targets
Wall Street analysts seem to be doubting Tesla’s ability to hit its aggressive, new production target.

Millennials: Forget material things, help us take selfies
Millennials are increasingly spending money on novel, experience-driven events, leaving retailers to adapt.

NC lawmaker: We won’t ‘get bullied by the Obama administration’
A top North Carolina lawmaker said the state will not be “bullied” into changing its costly restroom laws.

Self-driving taxis are coming sooner than you think
Two major auto-centric companies are teaming up to change the way we use taxis, reports The Wall Street Journal.

Fed’s Williams: 2 or 3 rate hikes reasonable this year, but dependent on data
San Francisco Fed President John Williams said Thursday two or three interest rate increases this year is “reasonable.”

4 reasons why bankrupt Aeropostale lost its cool
Aeropostale has filed for Chapter 11 bankruptcy protection, becoming the latest victim in the fast-changing retail landscape.

Soon you can sue your bank or credit card issuer, thanks to new government rule
The CFPB is proposing new rules on forced arbitration, which may be important if you have a beef with your bank or credit card issuer.

This software start-up scores $253M from Ford, Microsoft and other giants
Fortune 100 companies are betting big that Pivotal can help companies quickly build and update cloud-based software.

US job cuts rise to 65,141 in April; 2016 layoffs at 7-year high: Challenger
Layoffs by U.S.-based companies accelerated in April, sending year-to-date job cuts to the highest level since 2009.

Merck posts better-than-expected profit, raises forecast
Merck reported better-than-expected profit in the first quarter, driven by higher sales of its diabetes drug Januvia and heart drug Zetia.

Time Inc. revenue rises as digital acquisitions pay
Magazine publisher Time Inc.’s quarterly revenue rose for the first time in six quarters, helped by acquisitions in its digital business.

Donald Trump: 25,000 people show up at my rallies because of one major issue
The middle class has been “absolutely forgotten,” while the wealthy have done very well, Trump tells CNBC.

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