Federal Reserve WILLIAMS said he does not believe AI will cause long-term structural unemployment.

The Chinese State Council issued the Urban Renewal 15th Five-Year Plan, directing special inspections of urban residential communities built 20 years or older. Targeted renovations will address infrastructure shortfalls, upgrade service functions and environmental quality. The plan supports installing elevators in eligible buildings and mandates simultaneous improvements to long-term management and maintenance mechanisms to raise upkeep standards.

According to an AXIOS reporter, a senior U.S. official said Iran fired four one-way attack drones at a U.S. merchant ship. The official added U.S. forces shot down those drones and struck another Iranian ground-based drone-launch unit before it could fire.