The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader.
US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next.
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Get a jump start on the US trading day with Matt Miller and Dani Burger on “Bloomberg Open Interest.” Apple’s era shifts as Tim …

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President Trump told reporters he would not use a nuclear weapon against Iran and once again said that he doesn’t see conflict with Iran lasting much longer as he took questions at an Oval Office event on drug pricing. Trump told reporters that rising gas prices are not as high as he expected, but warned that Americans will be paying more for gas for a ‘little while.’ The president also commented on the ousting of Navy Secretary James Phelan, saying that conflicts emerged about shipbuilding.
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Tesla anticipates billions of dollars in additional spending this year to support Elon Musk’s ambitions to transform the electric-vehicle pioneer into an AI and robotics company. Ed Ludlow reports.
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It’s not you, it’s actually getting harder to use miles to book your flight.

Nicole Sy explains how frequent flyers are hedging against global travel chaos by making overlapping bookings.
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