Fed's GOOLSBEE welcomed the move to simplify the Federal Reserve's policy statement.

People familiar with the matter say the White House plans to nominate FCC general counsel Adam Candeub to head the DOJ antitrust division. DOJ staff were notified this week and the nomination is expected to be announced shortly. Candeub met with Trump earlier this week. He served as a senior official in Trump’s first administration and co-authored sections of the Heritage Foundation’s Project 2025 report, which has informed several proposals in Trump’s second-term policy blueprint.

The International Maritime Organization said it is temporarily suspending an evacuation operation for vessels and seafarers stranded in the Gulf of Oman after a cargo ship was struck by unidentified aerial objects near Omani waters on Thursday. A US official blamed Iran for the attack and said Washington is investigating. IMO Secretary-General Domingues said the pause will allow authorities to reconfirm the evacuation list and verify security measures for all ships in the area. A US official added that President Trump has said Iran must not be allowed to disrupt freedom of navigation.