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 Tuesday, June 2nd. I'm Anthony Bansy for the Wall Street Journal.

President Trump has appointed Federal Housing Finance Agency Director Bill Pulte as acting director

of National Intelligence. Pulte will succeed

Tulsi Gabbard, who resigned last month. The president said Pulte will also keep serving as the

director of the housing agency and the chairman of Fannie Mae and Freddie Mac while he's in the

intelligence job. Pulte has gained favor with Trump through his aggressive approach to his role as

the administration's housing chief.

His career has been primarily focused on finance and home building, and he has little national security experience.

As an acting director, he won't need to be confirmed by the Senate.

Cleveland Federal Reserve President Beth Hammock says the central bank may need to respond if inflation continues. Speaking in Cleveland today, Hammock said that if the Fed waits for definitive evidence

that high inflation has become embedded in the economy, it may require larger adjustments to

interest rates. And Victoria's Secret said first quarter sales rose 15 percent and the company

raised its outlook for the year.

The retailer's CEO has been pushing for a turnaround. She said today that sales for bras are up

and that's supporting sales for everything else. Shares in the company rose 45% in midday trading,

a remarkable jump that puts the company on pace for its biggest stock gain ever. Heads up in artificial intelligence tool helped us make this episode by creating

summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

And we have a lot more coverage on the WSJ's What's News.

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