US President Trump's top antitrust enforcer Gail Slater is leaving the DoJ after clashes with allies of attorney-general Pam Bondi in a major shake-up at the DoJ, via FT citing post on X

The departure of Gail Slater, a prominent antitrust enforcer, signals a significant shift in the Department of Justice's approach to antitrust policy, potentially impacting regulatory environments for various sectors.

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A rally in corporate bonds has pushed the reward for taking extra credit risk to historic lows, prompting warnings from some investors of “bubble-like behaviour” in parts of the market, reports FT

US customs tells CNBC that for fiscal 2025 it has identified 27,479 customs bond “insufficiencies” valued at nearly USD 3.6bln, double the 2019 level when insufficiencies first soared due to Trump’s first-term trade policies, via CNBC

US President Trump's top antitrust enforcer Gail Slater is leaving the DoJ after clashes with allies of attorney-general Pam Bondi in a major shake-up at the DoJ, via FT citing post on X

The House is done voting for the week. Recess next week. DHS shuts down tomorrow night, Punchbowl reports

European Closes: Euro Stoxx 50 -0.27% at 6,019, Dax 40 -0.11% at 24,828, FTSE 100 -0.67% at 10,402, CAC 40 +0.33% at 8,341, FTSE MIB -0.62% at 46,223, IBEX 35 -0.82% at 17,897, PSI -0.49% at 9,026, SMI -0.21% at 13,543, AEX -2.02% at 989

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This change may affect market sentiments around corporate mergers and acquisitions, creating caution in equities and influencing USD flows, particularly as it relates to broader regulatory trends under the current administration.

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