I think the potential of Agenic is to rethink how work gets done overall.

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

Join him later to learn why agents are a game changer for businesses across industries.

Here's your midday brief for Friday, May 22nd. I'm Alex O'Sullough for the Wall Street Journal.

Kevin Warsh has been sworn in as the new chair of the Federal Reserve. President Trump held the

swearing-in ceremony

at the White House. Supreme Court Justice Clarence Thomas administered the oath. It was the first time

a Fed chair took the oath at the White House in decades. The last time was Alan Greenspan in

1987. Warsh takes over at a challenging time. Inflation is rising and a growing number of investors

say the Fed's next move

could be a rate increase. But Trump has wanted a rate cut and Warsh was hired to deliver one.

Higher gas prices and tensions in the Middle East have pushed American consumer sentiment to a new

all-time low. The University of Michigan's monthly survey shows the headline index fell to 44.8 this month,

down from the previous record low in April. The survey's director says consumers are concerned

about high living costs. Lower income people and people who don't have college degrees were

feeling particularly unhappy. And the journal has learned that Charlotte Tilbury, the celebrity makeup artist and cosmetics entrepreneur, has played a key role in derailing a multi-billion dollar beauty deal.

Since March, Estee Lauder has been in talks with Spanish beauty company Pooch, which owns a controlling stake in Tilbury's brand, which is also called Charlotte Tilbury.

We understand that Tilbury inserted herself into the deal negotiations

as discussions progressed and made financial demands that became increasingly complex and unreasonable.

Tilbury couldn't immediately be reached for comment.

The companies say they've called off the deal discussions.

...