The Federal Reserve committed in March to deploy billions of dollars to prop up the economy during coronavirus lockdowns. The move benefited money managers including BlackRock, which helped the Fed execute its plan.

The Centers for Disease Control and Prevention reversed its controversial Covid-19 testing guidance on Friday, stating clearly that close contacts without any symptoms “need a test.”

Declines in shares of technology companies pushed the S&P 500 toward a third consecutive week of declines, capping another tumultuous stretch for the stock market. The Dow industrials were down more than 300 points.

The Trump administration will begin banning downloads and use of popular Chinese-owned apps TikTok and WeChat beginning Sunday, in a move U.S. officials said was driven by national security concerns but which drew objections for impinging on free-speech rights.

Saudi Royal Family Divides Over Potential Embrace of Israel King Salman and Crown Prince Mohammed bin Salman have been at odds over whether to ease relations with the Jewish state. Israel’s deal with the U.A.E. stunned the 84-year-old monarch. Normalizing relations between Saudi Arabia and Israel before any deal for Palestinian statehood would be a seismic shift in the Middle East.

◆ WSJ News Exclusive Treasury Probes Claims of Racial Discrimination at U.S. Mint A group of Black employees at the U.S. Mint wrote a letter in June asking Treasury Secretary Steven Mnuchin to intervene and address what they say is “rampant racism” at the bureau.