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. Trump’s Approval Drops to New Low, and Condom Prices Rise Because of the War

   Plus, your Friday news quiz.

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. Trump Extends Waiver Allowing Foreign Ships to Move Goods Between U.S. Ports

   The move was intended to ensure the flow of fuel in the United States, but some economists say it might reduce gas prices for consumers only a small amount.

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.