Former House Speaker Nancy Pelosi disclosed up to $13.5 million in stock and options trades this week. The transactions were executed by her husband, Paul Pelosi, according to filings reported by the Benzinga Government Trades page.

Political Developments

House Speaker Mike Johnson warned Jared Kushner against betting against House Republicans retaining their majority in November. Johnson issued the caution after Kushner met privately with House Minority Leader Hakeem Jeffries.

"I know Jared is a smart guy and he hedges bets, but I’m telling you what, you better not bet against the House Republicans," Johnson said on Fox News.

International Relations

Former Secretary of State Hillary Clinton suggested Republicans may be "secretly cheering" Canadian Prime Minister Mark Carney as Canada pushes back against President Donald Trump in an escalating trade war. Clinton argued there is little enthusiasm in the Senate for a trade conflict with Canada.

CIA Director John Ratcliffe reportedly proposed a trilateral summit between President Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelensky during a trip to Moscow. The aim is to revive stalled peace negotiations.

Executive Action

President Trump signed an executive order renaming Lake Ontario to "Lake America." The move was deemed effective immediately, with Interior Secretary Doug Burgum directed to update the Geographic Names Information System within 30 days.

Sen. Elizabeth Warren (D-Mass.) warned that growing corporate consolidation gives a small group of CEOs outsized influence over Americans’ daily lives. She urged regulators to block mega-mergers on Saturday.

Corporate Consolidation Concerns

Warren argued that concentration extends beyond business into essential services. She stated that when a handful of companies control the economy, they dictate what consumers watch, which doctors they see, and what apartments they rent.

She linked this power directly to the need for regulatory intervention against large mergers.

Healthcare Sector Scrutiny

Warren previously criticized vertical integration in healthcare, citing UnitedHealth Group Inc. (NYSE: UNH) and CVS Health Corp (NYSE: CVS). She backed the bipartisan Patients Before Monopolies Act, which prohibits common ownership of pharmacy benefit managers and pharmacies.

Supporters argue the bill could increase competition and lower drug prices. Mark Cuban echoed these concerns, noting that high deductibles and annual employer healthcare costs of about $30,000 create financial pressure. He accused large firms of exploiting industry rules.

Tech and Regulatory Actions

Calls to curb big tech power are also growing. Rep. Alexandria Ocasio-Cortez renewed calls to break up major technology companies like Apple, arguing they have gained too much power. Her comments coincided with warnings from Apple that AI-related semiconductor shortages could raise component costs and push up product prices.

Meanwhile, New York City Mayor Zohran Mamdani appointed former FTC Chair Lina Khan as chair of the New York City Economic Development Corporation’s board. Khan stated the agency could help make the city’s economy more affordable and resilient.