The UK's long-term borrowing costs have reached their highest since 1998 ahead of the local elections, leading to fears that a rapid change in leadership could lead to increased borrowing costs. Meanwhile, GameStop has offered to buy eBay for $56 billion. The New York Times has been sued by US employment agency over diversity, hiring, and Anthropogenic to spend $200 billion on Google's cloud and chips. The Fed is expected to make a significant cut in interest rates later in the year.