President Donald Trump stated that a change in power in Iran, specifically the ouster of the Islamic clerical rule, "would be the best thing that could happen," according to Fortune. The comments were made on Friday after Trump visited troops at Ft. Bragg, North Carolina, and confirmed the deployment of a second aircraft carrier group to the Middle East.
Bank of America Corp. raised Chief Executive Officer Brian Moynihan's pay to $41 million for 2025, as reported by Fortune. This increase of 17% follows a year in which the bank reported a net income of $30.5 billion, a 13.1% increase from 2024. The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, along with equity incentive awards totaling $39.5 million, according to a regulatory filing.
In economic news, analysts are warning of "jobless growth" becoming the new normal. Bank of America Research predicted a shift in the economy, with companies becoming more productive with fewer workers, as stated in Fortune. Michael Pearce, chief U.S. economist at Oxford Economics, wrote that GDP should expand by 2.8%, fueled by improved productivity.
Meanwhile, in international affairs, Britain's High Court ruled Friday that the government's decision to outlaw the protest group Palestine Action as a terrorist organization was unlawful, according to NPR Politics. However, the ban remains in place pending another hearing while the government prepares an appeal.
The transatlantic alliance is also facing scrutiny. U.S. Senators Jeanne Shaheen and Thom Tillis, co-chairs of the bipartisan Senate NATO Observer Group, discussed the alliance's future at the Munich Security Conference, as reported by NPR Politics.
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