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Iran's supreme leader, Ali Harmoni, vowed to never surrender in response to Donald Trump's demand for Iran's unconditional capitulation. Israel and Iran continued

to trade airstrikes on Wednesday. America moved ships and aircraft to the region, signaling

that it may help Israel destroy Iran's nuclear facilities. Mr. Harmonet warned of irreparable damage in retaliation.

The Federal Reserve held its benchmark interest rate unchanged at 4.25 to 4.5%.

America's central bankers appeared divided on whether borrowing costs will come down this year. Jerome Powell,

the Fed Chair, said that he expects tariffs to raise prices, but their impact and duration is

highly uncertain. Mr. Trump wants the Fed to lower rates and earlier called Mr. Powell a stupid person.

America's Supreme Court upheld Tennessee's ban on medical treatments for transgender minors,

including puberty blockers and hormones, in a six-three ruling.

The court rejected arguments that the law violated constitutional rights.

The conservative majority cited medical uncertainty.

The liberal justices dissented.

The ruling may encourage similar laws in other Republican-led states.

Nippon Steel completed its takeover of U.S. Steel in a merger that was first announced in

2003. Joe Biden had blocked the deal, but last month Mr. Trump approved a planned partnership

...