Are slowing home sales a sign of things to come?

This Thursday, we talk about the news that home sales slowed in April, though prices still set records. And, the Joe Biden administration tries to increase the supply of baby formula using the Defense Production Act. It’s a welcome help to parents, but how did we get here? Plus, more stories from Ukraine that show the toll of the war. We’ll see you tomorrow for Economics on Tap, but before then, we share what geopolitical alliances and beer have in common. Here’s everything we talked about today: “Biden invokes Defense Production Act to increase supply of U.S. infant formula” from Politico “U.S. Home Sales Cool Amid Higher Rates, Record Prices” from The Wall Street Journal “Captive medic’s bodycam shows firsthand horror of Mariupol” from AP News “Russian soldier asks Ukrainian widow to forgive him during first war crimes trial” from The Guardian “Finland brewery launches NATO beer with ‘taste of security’” from AP News Your donation powers the journalism you rely on. Give today to support “Make Me Smart.” Join us Friday for Economics on Tap. We’ll be livestreaming on YouTube starting at 3:30 p.m. Pacific time, 6:30 p.m. Eastern.