USA News

Major shipping companies remain hesitant to resume operations through the Strait of Hormuz despite a forthcoming U.S.-Iran memorandum of understanding aimed at lifting restrictions. While President Trump has assured safety, firms indicate that substantial security guarantees are necessary before risk levels are deemed acceptable for transiting the vital waterway.

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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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