Man Facing Assault Charges After Spraying Rep. Ilhan Omar With Unknown Substance

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Here is your morning brief for Wednesday, January 28th. I'm Luke Vargas for The Wall Street Journal. Democratic Representative Ilhan Omar was sprayed with an unknown substance at a town hall meeting in Minnesota last night. Police booked the suspect behind the incident on suspicion of third-degree assault.

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Omar, who gained attention as a member of the progressive squad of Democratic lawmakers, has frequently drawn the ire of President Trump, who on Monday said that the DOJ and Congress were looking at her and suggesting she had profited from Minnesota's massive welfare fraud scandal.

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Responding to those comments, Omar told the journal that Trump had an unhealthy and disturbing obsession with her and the Somali community, and that in spite of him calling for investigations against her for years, quote, they have found nothing. The dollar has steadied this morning after sliding yesterday in the biggest one-day decline dating back to April's global tariff turmoil.

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Addressing a crowd in Iowa yesterday, the president said he isn't concerned about the decline. U.S. stock futures are gaining ahead of the Federal Reserve's interest rate decision today, where the central bank is expected to hold rates steady after three consecutive cuts.

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And chip giant NVIDIA today got the green light from China to sell its first batch of H200 chips to Chinese tech giants like Alibaba and ByteDance.

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NVIDIA's success has been a boon for suppliers like memory chipmaker SK Hynix, which this morning posted record earnings for the final quarter of 2025. That echoes bumper growth for Europe's largest tech company, ASML, which said that orders for its chipmaking equipment surged last year. And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.