Ed Kalangi

During an appearance on Fox Business, Treasury Secretary Scott Besant talked about when we may learn of President Trump's choice to lead the Fed.

Meanwhile, Federal Reserve Vice Chair Philip Jefferson said interest rates are near the level that neither slows nor stimulates the economy, leaving officials in a good place to respond to evolving risks.

Jefferson joins a growing group of officials who, following three rate cuts to close out 2025, have declared the Fed's current rate setting is well-positioned to balance the risks to both employment and inflation.

The White House is weighing in executive action to enact President Trump's call for a cap on credit card interest rates, in addition to other measures seeking to ease U.S.

affordability challenges.

The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to address on credit cards as part of a broader push to reduce costs for Americans.

Trump's action may also call on regulators to relax certain liquidity standards to help make the plan more attractive for the banks.

The Supreme Court has agreed to hear Bayer's appeal, taking aim at thousands of lawsuits targeting its top-selling Roundup weed killer for causing cancer.

The high court agreed Friday to hear Bayer's challenge to a $1.25 million Missouri jury verdict against the company's Monsanto unit over Roundup on the grounds some of the claims in the 2023 case were preempted by federal law.

Bayer officials hope the justice's ruling will help knock out thousands of Roundup cases that include failure to warn claims.

The company already has paid more than $10 billion in verdicts and settlements over the herbicide and its active ingredient glyphosate.

It has set aside another $6 billion to deal with the litigation.

Venezuelan leader Marina Corina Machado, who emerged from hiding to accept the Nobel Peace Prize, spoke optimistically of a future democratically elected government following her meeting with President Trump, who decided to work with the current acting president of Venezuela.

Marina Carina Machado.

A down Friday and a losing week for the U.S.

equity market.

We get a wrap-up from Bloomberg's Charlie Pellett.

Using the common painkiller acetaminophen during pregnancy is not linked to neurodevelopmental disorders in children.

This according to a study published in The Lancet on Friday.

Researchers conducted a systematic review of numerous studies that looked at links between use of the pain reliever and autism, intellectual disabilities, and attention deficit hyperactivity disorder.