News Summary at 2:03 p.m. EDT

President Donald Trump said his administration will temporarily allow more beef imports into the U.S. without triggering higher tariffs, with the imported beef sold 25% below current market rates to aid consumers. The plan—aimed at limiting price pressure—would allow up to 300,000 metric tons of ground beef over the next 90 days. But some Republicans are already raising concerns, including Sen. Tim Sheehy, who warned it could make it harder for ranchers to rebuild herds. Separately, Russian drones killed 14 people in Kryvyi Rih, where 22 children were among 121 injured, according to officials. U.S. stocks rose, with the S&P 500 up 0.5%.