Asian Currencies Steady as Markets Await U.S. Jobs Data 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Oil Prices Set for Steep Weekly Losses as Hormuz Deal Stalls 
BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Gold Prices Surge 7% as Dollar Falls, Fed Rate Hike Bets Ease 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Asian Stocks Mixed as Chip Selloff Hits KOSPI, Nikkei Ahead of US Jobs Data 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Japan Posts First Current Account Deficit in 17 Months as Dividend Payments Surge 
US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Amazon wants the Federal Trade Commission Chairwoman Lina Khan removed from all of the antitrust cases that the company is facing. Jeff Bezos’ firm stated that it is making the request from the agency because the investigations should be unbiased.
Why the e-commerce giant wants to ban Lina Khan in its antitrust cases
As per Fox Business, before finally becoming the FTC chairwoman, Lina Khan spent many years urging the government to go after Amazon and made many public allegations too. Apparently, the company thinks that she will never pass just judgment as she has been against Amazon for years.
This is why the firm stated that its antitrust cases should be off-limits to Lina Khan. They asserted that she must have nothing to do with the investigations involving Amazon. If she will be part of the probe, given the fact she has been accusing the company of violations over the years, the company is more likely to lose in the cases.
"Given her long track record of detailed pronouncements about Amazon, and her repeated proclamations that Amazon has violated the antitrust laws, a reasonable observer would conclude that she no longer can consider the company's antitrust defenses with an open mind," part of the Amazon’s petition for Khan’s recusal reads. "Indeed, doing so would require her to repudiate the years of writings and statements that are at the foundation of her professional career."
Khan’s assignment as FTC commissioner
The company’s lawyers filed the petition to FTC on Wednesday, June 30. This move comes after Khan was sworn into office as the commission’s chairman a few weeks ago.
CNBC reported that Khan was appointed earlier this month after the Senate confirmed her to serve as a commissioner. During the session at the Senate, Khan told Sen. Mike Lee that she has no financial conflicts that may subject her to be disqualified under the ethics laws.
Lina Khan’s name became known within the antitrust circles due to her Yale Law Journal article that was published in 2017. It was titled “Amazon’s Antitrust Paradox,” and she wrote this while still a law student.
