The bottom line

A bill to increase the federal minimum wage to $15 an hour by 2025 would lift 1.3 million people out of poverty and increase the pay of at least 17 million Americans, according to the Congressional Budget Office. However, the office also projected it would likely lead to 1.3 million lost jobs.

The New York Times

WeWork lost $219,000 every hour of every day in the first quarter of 2019. The office-space manager is hemorrhaging cash, racking up a $3 billion deficit since 2016. Nonetheless, it is being valued at $47 billion ahead of its public debut later this year.

Financial Times

Boeing will pay out

$100 million to the families and communities impacted by two crashes of its 737 Max jets that killed 346 people. People who accept money from the compensation fund will not be required to give up the right to pursue legal action against the company.

CNN.com

Only 40 percent of teens ages 16 to 19 held a summer job last year, down from nearly 60 percent in 2000.

CNBC.com

The British pound has slumped to a two-year low as signs of an economic downtown amid Brexit tensions are mounting. The currency tumbled last week to $1.22.

Bloomberg.com

A 2018 survey found that 1 out of 8 people who rented vehicles in Japan used them for purposes other than transportation. Those include eating, meeting with clients, speaking on the phone, storing personal items, and napping. The survey was requested after car-sharing services reported vehicles being returned having logged unusually low mileage.

Asahi Shimbun

(Japan)