{"id":62244,"date":"2026-05-22T13:38:27","date_gmt":"2026-05-22T17:38:27","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/"},"modified":"2026-05-22T13:38:27","modified_gmt":"2026-05-22T17:38:27","slug":"fed-leadership-transition-and-uber-takeover-talks-headline-market-activity","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/","title":{"rendered":"Fed Leadership Transition and Uber Takeover Talks Headline Market Activity"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Warsh_Takes_the_Helm_at_the_Federal_Reserve\" >Warsh Takes the Helm at the Federal Reserve<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Uber_Targets_Global_Dominance_with_Delivery_Hero_Bid\" >Uber Targets Global Dominance with Delivery Hero Bid<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Commodities_and_Energy_Copper_and_Rig_Counts_Surge\" >Commodities and Energy: Copper and Rig Counts Surge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Geopolitical_Shifts_and_Intelligence_Resignations\" >Geopolitical Shifts and Intelligence Resignations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fed-leadership-transition-and-uber-takeover-talks-headline-market-activity\/62244\/#Tech_Policy_Trump_Pauses_AI_Executive_Order\" >Tech Policy: Trump Pauses AI Executive Order<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Kevin Warsh was sworn in as Federal Reserve Chairman<\/strong>, succeeding Jerome Powell and vowing to lead a &quot;reform-oriented&quot; central bank as <strong>inflation sits at 3.8%<\/strong>.<\/li>\n<li><strong>Uber (<a href=\"\/stock\/UBER\">UBER<\/a>) is reportedly exploring a full takeover of Delivery Hero (<a href=\"\/stock\/DHER\">DHER<\/a>)<\/strong>, a move that would consolidate the global delivery market and intensify competition with DoorDash (<a href=\"\/stock\/DASH\">DASH<\/a>).<\/li>\n<li><strong>Trafigura secured the largest copper withdrawal from the LME since 2013<\/strong>, moving over <strong>51,000 tons<\/strong> to capitalize on US arbitrage and upcoming tariff rulings.<\/li>\n<li><strong>Tulsi Gabbard resigned as Director of National Intelligence<\/strong>, citing her husband\u2019s health, though reports suggest underlying friction within the administration.<\/li>\n<li><strong>US Oil Rig counts jumped by 10 to 425<\/strong>, according to Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>), even as gas rigs fell to 125.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Warsh_Takes_the_Helm_at_the_Federal_Reserve\"><\/span>Warsh Takes the Helm at the Federal Reserve<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Kevin Warsh officially entered public service today as the new <strong>Chairman of the Federal Reserve<\/strong>, describing the appointment as the &quot;honor of a lifetime.&quot; During the swearing-in ceremony, Treasury Secretary <strong>Scott Bessent<\/strong> emphasized that Warsh is expected to act responsibly to balance <strong>inflation and growth<\/strong>, signaling a shift toward more &quot;reform-oriented&quot; monetary policy.<\/p>\n<p>Warsh inherits an economy facing <strong>3.8% inflation<\/strong> and significant political pressure from the White House to consider interest rate cuts. <em>Market analysts are closely watching his first moves, as his leadership comes at a pivotal moment marked by high energy prices and regional conflicts.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Uber_Targets_Global_Dominance_with_Delivery_Hero_Bid\"><\/span>Uber Targets Global Dominance with Delivery Hero Bid<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Uber Technologies Inc. (<a href=\"\/stock\/UBER\">UBER<\/a>) is working with financial advisers to potentially launch a <strong>complete takeover of Delivery Hero (<a href=\"\/stock\/DHER\">DHER<\/a>)<\/strong>. Uber already holds a <strong>19.5% stake<\/strong> in the Frankfurt-listed firm and has been in discussions with other major investors to increase its influence.<\/p>\n<p>The potential acquisition, valued at approximately <strong>\u20ac10.2 billion ($11.8 billion)<\/strong>, would significantly expand Uber\u2019s footprint in over 60 countries. <em>This consolidation effort is viewed as a strategic counter to DoorDash (<a href=\"\/stock\/DASH\">DASH<\/a>), which has been aggressively expanding its international presence.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commodities_and_Energy_Copper_and_Rig_Counts_Surge\"><\/span>Commodities and Energy: Copper and Rig Counts Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Commodity giant <strong>Trafigura<\/strong> has placed the largest copper order on the London Metal Exchange (LME) in over a decade, earmarking <strong>51,000 metric tons<\/strong> for withdrawal. The move is driven by a price premium on the New York Comex and anticipation of <strong>US tariff decisions<\/strong> on copper imports expected in late June.<\/p>\n<p>In the energy sector, Baker Hughes (<a href=\"\/stock\/BKR\">BKR<\/a>) reported that the <strong>US Oil Rig count rose by 10 to 425<\/strong>, the highest weekly increase in months. Conversely, <strong>gas rigs fell by 3 to 125<\/strong>, bringing the total rotary rig count to 558 as producers shift focus toward oil-heavy basins.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Shifts_and_Intelligence_Resignations\"><\/span>Geopolitical Shifts and Intelligence Resignations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Tulsi Gabbard<\/strong> has resigned from her post as Director of National Intelligence (DNI), effective June 30, 2026. While her official resignation letter cited her husband&#39;s recent cancer diagnosis, <em>political observers noted recent reports of tension between Gabbard and the White House regarding regional military strategies.<\/em><\/p>\n<p>Simultaneously, Pakistan\u2019s Army Chief <strong>Asim Munir<\/strong> arrived in Tehran to lead mediation efforts between the <strong>US and Iran<\/strong>. This diplomatic push follows a ceasefire secured in April and aims to prevent further escalation of the conflict that began earlier this year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Policy_Trump_Pauses_AI_Executive_Order\"><\/span>Tech Policy: Trump Pauses AI Executive Order<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Trump has reportedly hit the brakes on a highly anticipated <strong>Executive Order on Artificial Intelligence<\/strong>. According to a leaked draft obtained by <em>Politico<\/em>, the order would have established a <strong>voluntary oversight system<\/strong> for advanced AI models developed by companies like Anthropic and OpenAI.<\/p>\n<p>Trump postponed the signing ceremony due to concerns that the regulations might <strong>stifle American innovation<\/strong> and allow China to gain a competitive edge. <em>The administration remains divided on whether to prioritize safety frameworks or unrestricted growth in the race for AI dominance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Kevin Warsh was sworn in as Federal Reserve Chairman, succeeding Jerome Powell and vowing to lead a &quot;reform-oriented&quot; [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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