P.M. Edition for June 2. President Trump <a href="https://www.wsj.com/politics/policy/bill-pulte-director-national-intelligence-85c65c29?mod=WSJ_WNPOD">has named Bill Pulte</a>, leader of the Federal Housing Finance Agency, as acting director of national intelligence. WSJ White House reporter <a href="https://www.wsj.com/news/author/natalie-andrews?mod=WSJ_WNPOD">Natalie Andrews</a> discusses how Pulte has urged investigations into the president’s perceived enemies and lawmakers’ criticism of his appointment. Plus, the Trump administration <a href="https://www.wsj.com/politics/policy/gop-leaders-expect-trump-to-kill-anti-weaponization-fund-b3b94da8?mod=WSJ_WNPOD">is abandoning its $1.8 billion “anti-weaponization” fund</a> after it drew broad condemnation from GOP lawmakers. And, we hear from <a href="https://www.wsj.com/news/author/jason-zweig?mod=WSJ_WNPOD">Jason Zweig</a>, who writes WSJ’s Intelligent Investor column, about how the year of the mega IPO is triggering <a href="https://www.wsj.com/finance/investing/spacexs-ipo-is-the-final-frontier-for-index-funds-2b411b81?mod=WSJ_WNPOD">changes by index providers</a>—the firms that compile market averages like the S&P 500 and the Nasdaq 100–to accommodate these titanic deals. SpaceX, one of those massive IPOs, <a href="https://www.wsj.com/finance/banking/spacex-eyeing-roughly-1-75-trillion-valuation-in-ipo-next-week-57066029?mod=WSJ_WNPOD">is eyeing a valuation</a> of around $1.75 trillion. Alex Ossola hosts.

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