Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations.

Warsh called for “regime change” at the Fed last year while he was under consideration by the Trump administration to replace former chair Jerome Powell. Yet it’s not yet clear how transformative the task forces will be.

News outlets urge judge to sanction OpenAI

The New York Times, the Daily News and other media outlets are asking a federal judge to impose sanctions on OpenAI, escalating a legal fight over artificial intelligence and copyright that could shape the future of the news industry.

The newspapers allege the ChatGPT maker is hiding evidence important to what could be a landmark copyright infringement trial over how OpenAI and its business partner Microsoft built their AI technologies using millions of news articles.

Stocks recover losses, oil prices ease

Stocks rose, and oil prices eased as financial markets calmed a day after President Donald Trump raised doubts about the temporary truce in the war with Iran.

The S&P 500 climbed 0.8% Thursday and more than recovered its loss from the day before. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite rose 1.3%. Oil prices gave back much of their jumps from the day before on worries about increased fighting in the Middle East.

PepsiCo: Economy weighed on customers

PepsiCo reported stronger than expected revenue in the second quarter despite weaker demand in North America, where it said consumers tightened their budgets due to economic concerns.

The food and beverage giant said Thursday that its net revenue rose 6.4% to $24.2 billion for the April-June period.

Average US mortgage rate rises to 6.49%

The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.

Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.43% last week.

China’s passenger car exports up 80% in June

China has reported its exports of passenger cars surged 80% in June from a year earlier, while domestic sales sank 26%, according to an industry group.

The China Association of Automobile Manufacturers said around 905,000 vehicles were exported from China last month, helped by a surge in electric vehicle shipments.

US jobless claims dip modestly to 215,000

The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low.

U.S. applications for jobless aid in the week ending July 4 ticked down by 2,000 to 215,000, the Labor Department reported Thursday.

Ex-Epoch Times CFO pleads guilty in scheme

The former chief financial officer of The Epoch Times, a conservative multinational media company, interrupted jury selection at his money laundering trial to plead guilty to conspiracy.

Weidong “Bill” Guan entered the plea Thursday in Manhattan federal court. He admitted to participating in what prosecutors described as a scheme to launder at least $67 million through the New York-based media company’s bank accounts and related entities.