President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.

Massachusetts Sen. Elizabeth Warren, the top Democrat on the panel, said she had met with Warsh Thursday and urged him to disclose more information about his assets than was included in financial disclosure forms released earlier this week. Warsh, a former top official at the Fed and a wealthy investor, listed financial assets worth well more than $100 million. It’s the latest hurdle for Warsh, who is already facing an unusually turbulent path toward the Fed chair position.

Could more cattle cause beef prices to drop?

It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers to raise more cattle, and that’s not an easy ask.

For a host of reasons, ranchers are reluctant to grow the national herd, which is now its smallest in more than 75 years. Until they do so, demand will outweigh supply and prices for beef likely will remain high. Adding cattle makes sense for some people, but North Dakota rancher Stephanie Hatzenbuhler says others are struggling to stay afloat with the cattle they have. The average price of all U.S. uncooked ground beef is up 48% from March 2021.

Senate Republicans send Trump resolution

Congressional Republicans are sending President Donald Trump a resolution for his signature that would lift a federal ban on mining near Minnesota’s Boundary Waters Canoe Area Wilderness.

The Senate passed the resolution Thursday. The House approved it on Jan. 21.

The push to end the ban comes as a Chilean mining company is looking to open a copper mine in the Superior National Forest on the edge of the wilderness area. Conservationists insist mining would contaminate the pristine watershed. President Joe Biden’s administration blocked the project in 2023 by imposing a 20-year moratorium on mining across 400 square miles in the forest.

ChatGPT maker shifts its focus to business users

OpenAI executives say they will introduce a new artificial intelligence model for “high-value professional work” as the company faces heightened competition with rival Anthropic in attracting corporate customers to adopt AI assistants in their workplaces.

OpenAI boasts of more than 900 million weekly users of its core ChatGPT product, but Chief Financial Officer Sarah Friar said about 95% of them “don’t pay anything” for the popular chatbot. While all those interactions build habits and reliance, they also strain the costly computing resources needed to power the company’s AI systems and highlight the need for big business customers to help pay the bills.

US jobless claims fall as layoffs remain low

U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy.

The number of Americans applying for jobless aid for the week ending April 11 fell by 11,000 to 207,000 from the previous week’s 218,000, the Labor Department reported Thursday. That’s less than the 217,000 new applications analysts surveyed by the data firm FactSet were expecting but within the range of the past several years.

Filings for unemployment benefits are considered representative of U.S. layoffs and are close to a real-time indicator of the health of the job market.