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The Labor Department reports 175,000 jobs were created last month, fewer than expected: wage growth was also lower; stocks rise on the news; Treasury Secretary Janet Yellen says democracy is under threat.

The bond market is surging after news that 175,000 people were in payrolls in April versus March. That’s less than expected and 44% lower than a month earlier. And it’s the sort of result that those anxious about elevated interest rates want to see. We’ll discuss. Also on the program: Nonprofit hospitals say legislative efforts requiring them to provide more free care could actually hurt the people they’re intended to help.

It’s been just over a month since Trump Media & Technology Group — ticker symbol DJT — started trading on the Nasdaq. The initial public offering has come with lawsuits, wild swings in the share price and potential windfalls for former President Donald Trump. We unpack it all. Plus, Apple reported lackluster results on Thursday, and we’ll take the pulse of the comic book sector ahead of Free Comic Book Day.

From the BBC World Service: Turkey says trade with Israel — worth around $7 billion a year — will halt until a permanent ceasefire is secured in Gaza and sufficient humanitarian aid is allowed in. Plus, the Japanese government appears to have spent $35 billion propping up the yen this week, according to data released by the Bank of Japan. However, the weak yen is boosting tourism, and some people aren’t happy about that.

This week: Startups are taking longer to go public or sell to a buyer. What does that say about the state of tech? Also, the dating app Bumble once courted women by letting them make the first move. We’ll explain why Gen Z is prompting Bumble to change things up. But first, discount retail giant Walmart announced this week it is shutting down its telehealth business, as well as its network of low-cost health clinics. There were 51 of those clinics scattered across five states throughout the country. They were part of Walmart’s big push into health care, announced in 2019. So what happened?

Marketplace’s Lily Jamali is joined by Christina Farr, author of the health tech newsletter Second Opinion, for her take on this week’s tech news.

Phoenix is on track to become a national hub for semiconductor production. The city has had lots of help: billions in funding from the Biden administration and buy-in from major chipmakers like TSMC and Intel. One thing they still need, though, is workers — 70,000 nationwide. Training programs are already preparing folks for entry-level chip technician positions. But where are all those promised jobs?