Consumer sentiment has plunged to a record low due to inflation fears fueled by the U.S.-Iran war, creating volatility in the currency and oil markets. In corporate news, Eli Lilly announced successful trials for a powerful new weight-loss drug, while shares of Estée Lauder and Spotify surged on positive company-specific developments. This complex economic landscape presents an immediate challenge for new Federal Reserve Chair Kevin Warsh, who takes over the central bank facing pressure to address persistent inflation.  

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