US governors

California Governor Gavin Newsom has signed legislation creating a label for foods that are not ultra-processed, part of a broader package of health bills that his office describes as advancing the state's nation-leading healthcare strategy. The move makes California the first US state to adopt such a labeling standard, and comes as lawmakers and health advocates nationwide push for greater transparency around ultra-processed foods and their links to chronic disease.

Ohio Governor Mike DeWine says the state will hold prediction-market platform Kalshi accountable for operating illegally, following a court ruling in the case. The move signals a continued state crackdown on the company's sports-event contract offerings, which regulators argue amount to unlicensed gambling. The enforcement effort is drawing attention as part of a wider legal battle over Kalshi's operations across US states.

Federal Reserve Governor Lisa Cook warned that artificial intelligence is exerting inflationary pressure that is likely to persist in the near term. Her remarks suggest AI-driven demand, particularly for energy and computing infrastructure, is feeding into price pressures that policymakers must weigh. The comments add a new dimension to the debate over how the AI boom is affecting the US economy and interest rate decisions.

The governor of Mexico's central bank, Banxico, said the institution can chart its interest rate path independently of the US Federal Reserve. The comments signal that Mexican monetary policy does not need to mirror US rate moves, a point of close attention for markets weighing inflation and peso dynamics as the Fed's own policy path remains uncertain.