The Bureau of Labor Statistics released the consumer price index for May this morning, with some bad news for consumers. Headline inflation soared over 4% for the first time in three years, driven in part by higher energy prices caused by the war in the Middle East. The question remains of how much higher oil prices will continue to seep into other areas of the economy. Also on today’s show is a look at how index fund providers could react to SpaceX’s upcoming IPO.

This week, “Marketplace Morning Report” host Kimberly Adams has been in Thomasville, Alabama as part of our series examining the economic challenges facing rural health care. This morning, we’ll look at how low wages in Alabama can mean low Medicare reimbursement rates — shaping how much doctors and nurses get paid, and how much money hospitals and clinics can make. But first, we’ll cover how solar power use in the U.S. is hitting new milestones amid energy price fluctuations.

We heard earlier about the closure of a hospital in Thomasville, Alabama, as part of our series chronicling the economic crisis that rural hospitals are facing. Now, “Marketplace Morning Report” host Kimberly Adams speaks with the director of Thomasville’s public library about the critical role the hospital played during a personal emergency and where community members turn now that it’s closed. But first, we’ll check on how small businesses feel about inflation and find out how SpaceX’s initial public offering could affect the rest of the market.

Yesterday, as part of our series examining the economic challenges facing rural health care, "Marketplace Morning Report" host Kimberly Adams visited Thomasville, a town of 3,500 people in southwestern Alabama. Today, we'll learn from town residents what happens to a community — and its local economy — when addressing certain healthcare needs also means a multi-hour drive. But first, what would a government-controlled sovereign wealth fund that invests in AI look like?

Oil prices are still heading up this morning, but a bit more slowly after tensions in the Middle East appear to be easing. Earlier today, Israel and Iran attacked each other for the first time since the ceasefire in April. What’s behind these rising oil prices, and why are traders bidding up crude? Also in the show: a preview of May inflation data and encouragement to work from home in World Cup host cities.

There are about 700 hospitals at risk of closure across rural communities in the U.S. Financial headwinds are mounting, with disappearing federal subsidies and cuts to Medicaid. Alabama is a state familiar with hospital closures and at risk for more. This morning, host Kimberly Adams visits Thomasville Regional Medical Center, a hospital that looks frozen in time but has been closed for almost two years, to learn what happens to a community's economy and access to healthcare when vital resources disappear.

The Bureau of Labor Statistics released its May jobs report earlier this morning. The economy created 172,000 jobs last month. The unemployment rate stayed at 4.3%, and the April number was revised up by 64,000 jobs. Who's doing all this hiring? Also on the program, global food prices stabilized last month, but we're not out of the woods yet. And we'll check in on the momentum of the $100 billion wedding industry.

SpaceX is expected to go public next week in what could be the biggest initial public offering ever. Anthropic has also filed for an IPO, likely later this year; OpenAI is moving in that direction, too. With all the hype around these companies, should retail investors — or regular people, for that matter — get in on these IPOs? We do the numbers so you don't have to. Plus, migrant workers in Italy are organizing for better conditions, and Anthropic wants coordinated plans for slowing AI development.

SpaceX is set to go public next Friday. If all goes according to plan, the company is seeking a valuation of nearly $2 trillion. That would be the biggest initial public offering on record, and it would make CEO Elon Musk the world's first trillionaire. We'll learn more. Then, as part of Marketplace's "What's That Like?" series, we head to Zigong, China, to learn what it takes to be a master lantern artisan.

The jobs report comes out tomorrow. One of the stats in the report that's been rising is the number of people working “part-time for economic reasons.” That’s BLS-speak for workers who would like to be full-time but have had their hours cut or haven’t been able to find full-time jobs. Today, we'll hear from some of those workers and what it means for the overall job market. Also: construction jobs in the Mountain West and red warning signs in the Fed's Beige Book.