Axios

Supreme Court justices earned millions from books, teaching and other outside income in 2025, newly released financial disclosures show.

Why it matters: The disclosures provide one of the public's few windows into justices' outside income, gifts and financial relationships as ethics scrutiny of the court persists.

The Senate Ethics Committee has dismissed its inquiry into Sen. Ruben Gallego (D-Ariz.) over allegations of sexual misconduct and campaign finance violations, the senator's office announced Monday.

Why it matters: The decision is a win for Gallego, who is eyeing a 2028 presidential bid. Gallego has repeatedly denied any wrongdoing.

The Federal Reserve is different. That's the upshot of the Supreme Court's rulings Monday morning.

Why it matters: President Trump can't fire Fed governor Lisa Cook for now, a 5-4 court majority held, alongside an opinion that offers a sweeping defense of the central bank's independence.

• But the ruling is narrow enough that Trump and future presidents have latitude to fire Fed governors if they can establish legal cause more carefully than Trump did in the Cook case.

The Supreme Court upheld a Mississippi law Monday that allows mailed ballots to be counted if they're postmarked on or before the date of the election and received within five business days.

The big picture: The justices' ruling could protect voting in states with similar laws this November and is sure to feed President Trump's frequent criticism of voting by mail.

The Supreme Court on Monday cleared the way for President Trump to freely fire officials from the Federal Trade Commission and most — though not all — agencies that have long been politically independent.

Why it matters: It is a historic unraveling for agencies that have long been shielded from politics. The ruling will vastly expand presidential power and influence.

The Supreme Court ruled Monday that President Trump could not immediately remove Federal Reserve governor Lisa Cook, a blockbuster ruling that limits the president's influence on the central bank.

Why it matters: The decision is the highest court's strongest endorsement yet of Federal Reserve independence, making it harder for Trump and future administrations to reshape the central bank through presidential firings.

Oil shipments through the Strait of Hormuz are resuming faster than many analysts predicted, but fresh hostilities in recent days are threatening the trend.

Why it matters: The rebound in shipments is good news for the tight oil market and is helping push prices lower.

Nursing homes and other providers of senior care are predicting upheaval and cutbacks in the wake of last week's Supreme Court decision to terminate temporary protected status for Haitian and Syrian immigrants.

Why it matters: Individuals who in some communities represent 8% or more of the staff and caregiving workforce could quickly lose their jobs, with no replacements at the ready, provider groups say.

I never read Trump books. To me, there's little mystery to how the president thinks, operates or governs. So reading about it is an inefficient use of time.

• Until now. Maggie Haberman and Jonathan Swan (two reporters I told you are must-reads for Trump Kremlinology) deliver cinematic living history with "Regime Change," which sparked a West Wing leak hunt.

I asked Swan, a longtime friend, to share three things he learned that CEOs should know for navigating Trump, giving us all an insight into the way the president thinks:

The pro-AI movement is splintering over a defining question: whether national security concerns outweigh the need to keep America's AI companies ahead of Chinese rivals.

Why it matters: The fight is happening in public, in real time, and it could reshape the way the administration regulates the world's most powerful technology.