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Here's your midday brief for Thursday, February 5th. I'm Alex Ocelah for the Wall Street Journal.

U.S. markets are trading lower today. Investor jitters about tech stocks and the health of the U.S. labor

market are deepening this week's sell-off. The major indexes are down about 1% in the late morning,

with the NASDAQ adding to its losses after suffering its worst two-day pullback

since last April's tariff turmoil. Rio Tinto says it's no longer considering a merger with

Glencore after weeks of talks. Such a deal would have created the world's largest mining company

with a market value of more than $200 billion. The companies say they couldn't agree on key

terms, like Rio Tinto keeping both the

chairman and CEO roles of the combined company. Shares of both companies fell on the news.

And Brad Karp, the leader of law firm Paul Weiss, has resigned as chair in the wake of new revelations

about his association with Jeffrey Epstein. Newly released files show Carp communicated with Epstein

over several years, including asking for personal favors and dinners at the financier's mansion.

A spokesperson for Paul Weiss has said that while Carp regrets the interactions, he never witnessed

or participated in any misconduct. The firm said it appointed Scott Barshay as its new chair.

...