Powell’s plan, Iran war cost, Voting Rights Act and cheap Chinese EVs

Federal Reserve Chair Jerome Powell’s last act: holding rates and a pledge to stick around as a governor. The Pentagon puts a $25 billion price tag on the Iran war so far. The U.S. Supreme Court guts a key provision of the Voting Rights Act, in a move that could reshape voting across the South. And for the average price of a car in the U.S., you could buy five brand new Chinese EVs. Listen to the Morning Bid podcast ⁠⁠here⁠⁠.

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