The main events by the morning: May 12

• US-China talks show «significant progress». Regular negotiations on de-escalation of the devastating trade war ended in Geneva on Sunday. The results: China reduces tariffs on American goods from 125% to 10% for 90 days. The US tariffs on China will include a base tax of 10% and a tax of 20% on fentanyl. 

• The price of bitcoin remains around $104,000 after negotiations between the United States and China. The cryptocurrency is trading near a three-month high due to a decrease in trade tensions and expectations for new details of the agreement. Over the past week, BTC has grown by more than 9%, breaking the important mark of $ 100 thousand. The growth was associated with the conclusion of a trade agreement between the United States and the United Kingdom.

• Russia and Vietnam have agreed to sign an agreement on the construction of a nuclear power plant. «The development of stations with advanced technologies will strictly comply with nuclear and radiation safety standards and meet the interests of socio-economic development,» the joint statement said. The two countries also agreed to expand cooperation in the oil and gas industry, including the supply of Russian oil and liquefied natural gas to Vietnam.

• Trump announced lower prices for prescription drugs in the United States. The President announced a reduction in the cost of medicines by 30-80%. He also promised that thanks to the decree, the States «will save trillions of dollars and reduce citizens' health care costs.»

• The EU and UK plan to conclude a strategically important agreement. This week, Britain and the EU will present a joint defense and security pact, under which London will be able to become part of European defense policy. This large-scale deal will lead to «Britain's closest rapprochement with the EU since Brexit.»