AP Top News at 7:36 p.m. EDT

Dow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war

NEW YORK (AP) — Stocks rallied Monday after China and the United States announced a 90-day truce in their trade war. Each of the world’s two largest economies agreed to take down temporarily most of its tariffs against the other, which economists had warned could start a recession and create shortages on U.S. store shelves. The S&P 500 shot up 3.3% to pull back within 5% of its all-time high set in February. It’s been roaring higher since falling nearly 20% below the mark last month on hopes that President Donald Trump will lower his tariffs after reaching trade deals with other countries.

What’s next with Trump’s trade war truce with China

WASHINGTON (AP) — President Donald Trump’s agreement with China to temporarily slash tariffs for 90 days offered the world a bit of welcome relief. But what persists is a sense of uncertainty and the possibility that some damage from the trade war could already be done. The Trump administration agreed after talks this weekend in Switzerland to pare back its 145% in tariffs charged on imports from China to 30%. The Chinese government chose to reduce its retaliatory import taxes on U.S. goods from 125% to 10% while the sides continue to negotiate. Trump declared the de-escalation of the trade war a victory, saying he would soon chat with Chinese President Xi Jinping about how to preserve the financial relationship between the world’s two largest economies.

Trump administration welcomes 59 white South Africans as refugees

DULLES, Virginia (AP) — The Trump administration on Monday welcomed a group of 59 white South Africans as refugees, saying they face discrimination and violence at home, which the country’s government strongly denies. The decision to admit the Afrikaners also has raised questions from refugee advocates about why they were admitted when the Trump administration has suspended efforts to resettle people fleeing war and persecution who have gone through years of vetting. Many in the group from South Africa — including toddlers and other small children, even one walking barefoot in pajamas — held small American flags as two officials welcomed them to the United States in an airport hangar outside Washington.

Hamas releases Israeli-American hostage in goodwill gesture toward Trump administration

DEIR AL-BALAH, Gaza Strip (AP) — Hamas on Monday released an Israeli-American soldier who had been held hostage in Gaza for more than 19 months, offering a goodwill gesture toward the Trump administration that could lay the groundwork for a new ceasefire with Israel. Edan Alexander, 21, was the first hostage released since Israel shattered an eight-week ceasefire with Hamas in March and unleashed fierce strikes on Gaza that have killed hundreds of Palestinians. He was handed over to the Red Cross and then to Israeli forces before being flown by helicopter to a hospital in Tel Aviv. Israeli authorities released video and photos showing a pale but smiling Alexander in an emotional reunion with his mother and other family members.

Who is Edan Alexander, the Israeli-American hostage released by Hamas?

JERUSALEM (AP) — Edan Alexander was 19 when Hamas militants stormed the Israeli military base where the American-Israeli from New Jersey was a soldier and dragged him into the Gaza Strip. Hamas released Alexander, the last living American hostage in Gaza, on Monday ahead of President Donald Trump’s visit to the region this week. The militant group called it a goodwill gesture aimed at reviving mediated efforts to end the 19-month war. Alexander was among 251 people taken hostage in Hamas’ Oct. 7, 2023, attack that ignited the war. Fifty-eight remain in Gaza. Around a third are believed to be alive.

The Latest: Trump signs executive order that gives drugmakers 30-day deadline to lower costs

Defense concedes Sean ‘Diddy’ Combs had violent outbursts, but say no federal crimes occurred

NEW YORK (AP) — The public knew Sean “Diddy” Combs as a larger-than-life music and business mogul, but in private he used violence and threats to coerce women into drug-fueled sexual encounters that he recorded, a prosecutor said Monday in opening statements at Combs’ sex trafficking trial. “This is Sean Combs,” Assistant U.S. Attorney Emily Johnson told the jury, pointing at Combs, who leaned back in his chair in a Manhattan courtroom. ”During this trial you are going to hear about 20 years of the defendant’s crimes.” Those crimes, she said, included kidnapping, arson, drugs, sex crimes, bribery and obstruction. Combs’ lawyer Teny Geragos, though, described the closely watched trial as a misguided overreach by prosecutors, saying that although her client could be violent, the government was trying to turn sex between consenting adults into a prostitution and sex trafficking case.

Judge refuses to block IRS from sharing tax data to identify and deport people illegally in U.S.

A federal judge on Monday refused to block the Internal Revenue Service from sharing immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. In a win for the Trump administration, U.S. District Judge Dabney Friedrich denied a preliminary injunction in a lawsuit filed by nonprofit groups. They argued that undocumented immigrants who pay taxes are entitled to the same privacy protections as U.S. citizens and immigrants who are legally in the country. Friedrich, who was appointed by President Donald Trump, had previously refused to grant a temporary order in the case.

Trump’s plan to accept free Air Force One replacement from Qatar raises ethical and security worries

WASHINGTON (AP) — For President Donald Trump, accepting a free Air Force One replacement from Qatar is a no-brainer. “I would never be one to turn down that kind of an offer,” the Republican told reporters on Monday. “I could be a stupid person and say, ‘No, we don’t want a free, very expensive airplane.’” Critics of the plan worry that the move threatens to turn a global symbol of American power into an airborne collection of ethical, legal, security and counterintelligence concerns. “This is unprecedented,” said Jessica Levinson, a constitutional law expert at Loyola Law School. “We just haven’t tested these boundaries before.” Trump tried to tamp down some of the opposition by saying he wouldn’t fly around in the gifted Boeing 747 when his term ends.

Dallas Mavericks win the NBA draft lottery and the chance to pick Cooper Flagg No. 1 overall

CHICAGO (AP) — The ping-pong balls have spoken: Cooper Flagg might be headed to Dallas to start his NBA career. And a fan base that lost Luka Doncic this season might have a new star to cheer for. The Mavericks won the NBA draft lottery on Monday night, giving them the No. 1 pick in next month’s draft — and the first chance to take Flagg, the freshman who led Duke to the Final Four in his lone college season and the consensus player of the year. Dallas bucked huge odds to get it done, with only a 1.8% chance to win the lottery coming into Monday.