The Wall Street Journal Editorial Board is reporting on several key issues, including market dynamics, healthcare, international relations and U.S. politics. It said that markets are being challenged to price risk without the Federal Reserve's constant guidance, questioning if they have forgotten how to do so. The board also noted that an advisory committee has recommended Replimune's melanoma therapy, siding with patients over the Food and Drug Administration bureaucracy.
Regarding international affairs, the editorial board discussed the "Gaza Road Map" versus the "Trump Peace Plan," stating that the "Board of Peace" offers new hope but does not always adhere to its original terms. It also addressed the situation in Ceuta, Spain, where scenes of chaos involving Moroccan immigrants are not expected to lead to increased migration.
In U.S. politics, the board highlighted that a new "en bloc" route in the Senate has significantly sped up hundreds of President Donald J Trump's confirmations. Separately, WSJ Opinion noted that President Trump renewed strikes on Iran after it launched ballistic missiles at U.S. forces, which were reportedly intercepted. It also raised questions about leaks suggesting Trump delayed a major escalation due to concerns about munition supplies.
The Wall Street Journal Opinion section also commented on Anthony Fauci, stating his diaries indicate he viewed the pandemic more as a media opportunity than a historic emergency.