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Warsh’s $226 million fortune under scrutiny as Fed nominee faces Senate confirmation

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Kevin Warsh heads into his Senate confirmation hearing Tuesday morning vying to be the richest-ever chair of the Federal Reserve amid mounting questions over his sizable financial portfolio.

Newly released disclosures reveal the extent of Warsh’s wealth but leave key portions of his holdings unclear, which could complicate his path toward confirmation since the position he is up for wields enormous influence over financial markets. 

The disclosures are likely to draw scrutiny from lawmakers due to potential conflicts of interest and concerns over transparency, both central focuses of the confirmation process — particularly at a time when the central bank’s credibility is already under a microscope.

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According to documents submitted to the Senate last week, Warsh reported assets valued at roughly $135 million to $226 million, positioning him to become the wealthiest chair in the Federal Reserve’s history if confirmed.

The nearly 70-page filings, released by the U.S. Office of Government Ethics as part of the standard vetting process for senior nominees, detail a portfolio spanning investments, board roles and other financial interests.

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Still, the disclosures leave some gaps.

For example, certain holdings are listed in broad ranges or lack full detail, a common feature of such filings but one that can draw scrutiny when nominees are poised to oversee institutions with vast influence over financial markets.

In fact, a note from a government ethics official attached to the filings says Warsh is currently out of compliance with ethics rules for certain holdings where he did not disclose the funds’ underlying assets.

The Office of Government Ethics said the rest of the filing meets federal requirements and that Warsh would return to full compliance once he divests those assets, which he has pledged to do within 90 days of confirmation.

That dynamic could prove especially sensitive for Warsh as lawmakers weigh potential conflicts of interest and the steps he would need to take to avoid them.

Beyond that, the filings also underscore the scale of wealth tied to his family. 

They do not include the far larger fortune connected to his wife, Jane Lauder — granddaughter of Estée Lauder’s founder — which Forbes estimates at about $1.9 billion. Separate disclosures show Lauder holds millions of dollars in additional assets, further adding to the family’s overall financial footprint.

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Warsh’s potential ascent comes at a turbulent moment for the central bank.

Senators are still weighing ethics concerns tied to Federal Reserve Chair Jerome Powell, with at least one Republican vowing to block Warsh’s confirmation over the issue.

Sen. Thom Tillis, R-N.C., who has been holding up the nomination, said he supports Warsh but will not back his confirmation until a Justice Department investigation into Powell is resolved. But that’s unlikely considering President Donald Trump’s push for the probe and refusal to back off pressuring DOJ to investigate. 

On Jan. 11, Powell confirmed that the Justice Department opened a criminal investigation into his congressional testimony regarding the renovation of the Federal Reserve’s two historic buildings on Washington, D.C.’s National Mall.

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That probe comes as the Federal Reserve faces mounting pressure on multiple fronts, including a Supreme Court case testing its independence and persistent cost-of-living concerns weighing on President Donald Trump’s economic agenda.

Against that backdrop, scrutiny of Warsh’s finances — and how he manages them — is likely to intensify as his nomination advances.

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Nike criticized for walking back Boston Marathon ad following ‘pace shaming’ backlash

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Nike is facing backlash after a now-viral Boston Marathon ad reading “Runners welcome. Walkers tolerated.” drew criticism online for allegedly “pace-shaming” slower participants and those with disabilities.

“This is not OK. We should be building a more inclusive community, not isolating and belittling people that are a part of it,” running coach Amy Gougler said in a TikTok post.

“As a run-walk runner, this is offensive,” she added.

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“If I’m honest, [the ad] left me feeling uneasy…” wrote Boston-based Instagram user Dr. Hussain Al-Zubaidi.

“Many people taking on the marathon next week will walk all or part of it. For them, what does a message like this say? Does it inspire, or does it exclude?”

The sportswear giant responded to the backlash by emphasizing inclusivity, saying it wants more people to “feel welcome in running,” regardless of “pace, experience or the distance.”

“During race week in Boston, we put up a series of signs to encourage runners. One of them missed the mark,” the company said.

“We took it down, and we’ll use this moment to do better and continue showing up for all runners.”

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The controversy quickly spilled into the news cycle and became a flashpoint on Monday’s episode of “Gutfeld!,” where panelists dismissed the backlash and criticized Nike for backing down.

“The only mistake Nike have made here is apologizing and climbing down,” said Piers Morgan, host of “Piers Morgan Uncensored.”

Morgan argued marathons are, by definition, for runners.

“If you’re in a marathon, you should do what it says on the tin. You should run,” he added.

Others echoed Morgan’s view, with comedian Jeff Dye saying the backlash is overblown.

“I support people that walk in marathons. I think that’s fine,” he said.

“The outrage is insane. It’s insane they apologized…”

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Co-host Kat Timpf questioned the legitimacy of the outrage.

“I just am trying to decide if the offense at this is real. It could not possibly be real,” she said, adding, “That’s what the shoes are for [running]. Can you not describe the shoes?”

X users similarly sounded off on the decision to pull the ad, with some arguing Nike shouldn’t have backed down.

Will Ahmed, founder of wearable tech company WHOOP, said he would have stood by the ad.

“Nike’s DNA is winning and competition. It’s an ad for the Boston Marathon which is a RACE that is very hard to qualify for in a city that has a winning sports culture. Those details matter,” he wrote.

“The line was good in that it ‘cut through’ and got people talking about Nike. That’s the point of marketing. And I can guarantee you there’s a whole group of people in Boston who are runners and walkers alike that read it and loved it…”

Others struck a similar tone.

“People gotta lighten up,” wrote former Forbes contributor and Ideasicle X founder Will Burns.

“That was a great ad coming from Nike. And I can’t believe Nike backed down. Maybe their tagline should be updated to ‘Just do it (unless it offends someone).'”

Nike has since replaced the ad with a more inclusive message: “Boston will always remind you, movement is what matters.”

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Dept of Interior compares Trump to Teddy Roosevelt amid Hall of Fame reports

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The U.S. Department of the Interior has addressed a recent report that Secretary Doug Burgum is pushing for former President Teddy Roosevelt to be inducted into the Pro Football Hall of Fame.

In a statement to Fox News Digital, the department compared Roosevelt’s impact in saving American football to President Donald Trump’s recent executive action to reforming college sports.

In a statement to Fox News Digital, the department compared Roosevelt’s impact on American football to President Donald Trump’s recent executive action to reforming college sports

The New York Post reported Saturday that Burgum made the comments about Roosevelt’s Hall of Fame candidacy at a Bank of America reception on Thursday.

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“Roger Goodell was in the White House in the Oval Office, I had a chance to be with him there, because we, the National Park Service, control the National Mall,” Burgum reportedly said. “The draft for the NFL is being held on the Mall a year from now (and) the Capitol will be in the background.

“Keep it a secret. Keep your fingers crossed, but I think we’re going to see Theodore Roosevelt inducted into the Pro Football Hall of Fame….it’s going to be announced on the Mall when Roger Goodell is conducting the draft.”

Teddy Roosevelt is credited with saving football in 1905–1906 by forcing college leaders to reform the game’s rules after frequent injury-related deaths of players. 

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The reforms led to the creation of the forward pass and the banning of dangerous formations.

Meanwhile, Trump has passed several executive orders aimed at regulating NIL, while protecting non-revenue sports and women’s sports amid growing financial pressure for universities to invest in revenue programs like football and basketball.

Trump signed executive order on April 3 titled “Urgent National Action to Save College Sports,” aimed at curbing the influence of NIL collectives and transfer portal freedom. The order proposes strict five-year eligibility limits, caps transfers, and threatens to pull federal funding from institutions not following NCAA rules to establish a uniform national framework.

Trump has also taken executive action to mandate that revenue-sharing models implemented by universities must preserve or expand scholarships and opportunities for women’s and Olympic sports, preventing them from being reduced to pay football or basketball players.

In February of last year, trump signed the “Keeping Men Out of Women’s Sports” executive order that redefined Title IX to mean that “sex” is based on reproductive biology and genetics at birth. This explicitly banned transgender women from competing in women’s college sports.

Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.

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More naps, higher risk? Research links daytime sleep to health warnings in aging adults

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Excessive daytime napping is associated with higher mortality risk in older adults, according to new research from Mass General Brigham.

Between 20% and 60% of older adults take naps, according to the researchers.

While occasional naps have been shown to be refreshing, frequent or prolonged daytime napping in this group has been associated with a variety of health concerns.

The study followed 1,338 older adults for up to 19 years, tracking the timing and duration of their daytime napping habits using a wrist-worn tracker. They then examined all-cause mortality rates.

Taking longer, more frequent naps — or napping in the morning — were all associated with increased mortality risk and may be early warning signs of underlying health decline, as shared in a press release from Mass Brigham.

Morning naps were linked to about a 30% increase in mortality risk, and each additional hour of daily napping was associated with about a 13% higher risk, the study found. Each additional nap per day increased risk by roughly 7%.

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“Excessive napping later in life has been linked to neurodegeneration, cardiovascular diseases and even greater morbidity, but many of those findings rely on self-reported napping habits and leave out metrics like when and how regular those naps are,” said lead author Chenlu Gao, PhD, an investigator in the department of anesthesiology at the Mass General Brigham, in the press release. 

“Our study is one of the first to show an association between objectively measured nap patterns and mortality, and suggests there is immense clinical value in tracking napping patterns to catch health conditions early.”

There were some limitations to the study. As it was observational in design, it only showed that napping may reflect underlying illness, but did not prove that it caused mortality.

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The research did not take into account any contributing health conditions, and the sleep trackers only measured movement and not brain activity. This means rest could be misclassified as sleep in some cases.

Also, because the study population was limited to older, White adults in the Midwest, the results may not apply to other groups.

“It is important to note that this is correlation, not causation. Excessive napping is likely to indicate underlying disease, chronic conditions, sleep disturbances or circadian dysregulation,” said Gao.

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“Now that we know there is a strong correlation between napping patterns and mortality rates, we can make the case to implement wearable daytime nap assessments to predict health conditions and prevent further decline.”

The study was supported by grants from the National Institutes of Health and affiliated research programs.

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