5/7: The Daily Update

This update brings significant news highlights. First, we'll delve into the events of the papal conclave's inaugural day as the search for the next leader following Pope Francis progresses.

Additionally, we examine the Federal Reserve's recent decision. Despite the ongoing uncertainty caused by trade dynamics, they have opted to maintain the current interest rates.

Finally, we cover the courtroom developments concerning the state trial of three ex-police officers. They have been found not guilty in the case revolving around Tyre Nichols' passing.

Please stay tuned to CBS News for more comprehensive insights into these stories.