Trump Trade: Primus resists removal from STB as Cook sues over Fed firing

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly:

ROBERT PRIMUS FIRED: President Trump fired Robert Primus, a member of the Surface Transportation Board, which is reviewing Union Pacific’s (UNP) proposed takeover of Norfolk Southern (NSC), Esther Fung of Wall Street Journal reports. Primus is a Democrat who was nominated by Trump to the Surface Transportation Board in 2020. “This is deeply troubling and legally invalid,” Primus wrote in an email to The Wall Street Journal. He said he planned to continue his duties as a board member and that if he was prevented from doing so, he would seek legal options.

HHS SAYS CDC DIRECTOR OUT: According to a post on X, formerly Twitter, from the account of the U.S. Department of Health and Human Services, Susan Monarez is out as director of the CDC. “We thank her for her dedicated service to the American people,” the post reads. ” who will continue to be vigilant in protecting Americans against infectious diseases at home and abroad.” The Fly notes that Monarez was sworn into the position less than a month ago.

FED GOVERNOR FILES SUIT: Federal Reserve Governor Lisa Cook has sued the Trump administration in an effort to overturn the president’s attempt to fire her, launching an unprecedented legal battle that could significantly reshape the Fed’s longstanding political independence, Associated Press’ Christopher Rugaber reports. The lawsuit seeks an emergency injunction to block her firing and “confirm her status” as a member of the Fed’s governing board. “The President’s effort to terminate a Senate-confirmed Federal Reserve Board member is a broadside attack on the century-old independence of the Federal Reserve System,” Cook’s lawyer, Abbe David Lowell, wrote in a court filing.