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The dollar sags on news that President Trump could name his pick to replace Fed Chair Jerome Powell

almost a year before his term ends. Plus, a new vaccine panel starts reexamining shot advice

for kids, and Ireland's pharma dominance puts it in Trump's tariff crosshairs.

The reason they've been making these drugs

ingredients in Ireland is because it's been cheap to do so. This could definitely undercut the logic

of that. It's Thursday, June 26th. I'm Luke Vargas for the Wall Street Journal, and here

is the AM edition of What's News. The top headlines and business stories, moving your world today.

We begin with a journal exclusive this morning as we have learned that Donald Trump is considering

naming the next Fed chair early in a bid to undermine current chair Jerome Powell.

Finance editor Alex Frankos told me that Powell has come under increasing pressure

over the central banks take its slow approach to cutting interest rates. Basically, Trump wants

Powell and the Fed board to cut rates and wants them to do it now. And Powell's basically saying

that's not the right thing to do. Inflation's still too high. The economy is still strong enough to withstand the higher

rates. So Trump has been railing against him and calling him names and really putting pressure on

the Fed to cut rate sooner. Alex, according to our reporting, some of the names being considered here

are former Fed Governor Kevin Warsh, National Economic Council Director Kevin Hassett,

...