USA News

The House passed the Stop Insider Trading Act on Wednesday, aiming to limit stock trading by Congress members. The bill, which requires disclosures of stock sales, received bipartisan support but drew criticism for not imposing stricter limits. A voter ID provision complicated its backing among Democrats.

Adam Candeub, currently general counsel at the Federal Communications Commission, is a leading candidate for Assistant Attorney General of the Antitrust Division. He previously criticised the tech sector and is expected to oversee significant mergers, following the impending departure of Omeed Assefi next month.

Texas Attorney General Ken Paxton has secured the GOP nomination for the Senate, unseating four-term incumbent John Cornyn, according to CBS News projections. Paxton’s campaign received a boost from President Trump’s endorsement, setting up a contest against Democratic nominee James Talarico in November.

Federal Reserve Chair Kevin Warsh faces significant challenges with upcoming inflation data expected to show an annual rate of 3.9% for April, the highest since May 2023. Competing pressures from President Trump for lower rates and rising inflation complicate Warsh’s commitment to reshape Fed operations while maintaining independence.

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