New York Times

1. How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets

   President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.

2. Todd Blanche Targets Trump’s Enemies Amid Jockeying to Lead DOJ

   Mr. Blanche’s actions are meant to demonstrate progress on the president’s priorities, chief among them payback.

3. The Peril of Piloting Ships Through the Strait of Hormuz

   Controllers for shipping companies face a daunting decision as they try to free vessels trapped in the Persian Gulf: “Basically you’re sending someone unarmed into war.”

4. Iran and U.S. Blockades in the Strait of Hormuz: What to Know

   The foes are trying to exert control over the narrow passageway. Most ships aren’t moving. Here’s what to know.

5. Tariffs Raised Consumers’ Prices, but the Refunds Go Only to Businesses

   Many families felt the sting of the president’s now-illegal tariffs, but companies have said little about whether they will share the $166 billion coming back to them.