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Trump Signs Order on Psychedelics to Ease FDA Restrictions

President Donald Trump signed an executive order to expedite research and access to psychedelics used outside the US to treat post-traumatic stress disorder.

By Courtney Subramanian

SVB Investors Warn KPMG of Expanded Claims Over Bank Collapse

KPMG LLP is bracing for an expanded set of investor claims including securities fraud in an ongoing court fight over the Big Four accounting firm’s audits for failed Silicon Valley Bank.

Blue Owl Co-CEOs’ Personal Loans No Longer Backed by Firm Shares

Blue Owl Capital Inc. Co-Chief Executive Officers Doug Ostrover and Marc Lipschultz have revised the terms of personal loans to remove the company’s shares as collateral, after turmoil in the private credit market hammered the stock’s value in recent months.

CFPB Union Opposes Trump Bid for Expedited Review of Job Cuts

A federal district judge in Washington should review the Consumer Financial Protection Bureau’s new plan to eliminate around half of its remaining staff, but there’s no justification for a rushed timeline sought by the Trump administration, the union representing agency employees said.

Fed’s Waller Signals Caution On Rates, Sees Risk of Longer War

Federal Reserve Governor Christopher Waller said he is cautious about the need to lower interest rates in the near term, due to the energy shock triggered by war in Iran, and warned of the risk of a prolonged impact on inflation due to the conflict.

Bankers Unfazed by $185 Billion Pile of Loans to Private Credit

The biggest US banks spent the past week tallying more than $185 billion of combined exposure to private credit, an asset class that’s come under pressure in recent months. Executives — many of whom sought to calm investors’ jitters — still see potential in the market.