Highlights:

• Fed's Barkin: Monetary policy is modestly restrictive. Richmond Fed President Tom Barkin told Bloomberg that current policy stance is modestly restrictive as the central bank monitors economic conditions. Bloomberg Markets

• Fed tracking oil prices amid Iran war impact. Barkin said it's too soon to determine policy response to the Iran conflict, but policymakers are closely monitoring gas prices given their inflationary effects. Bloomberg Markets

• Fed response to Iran war depends on duration of shock. Barkin indicated the central bank's reaction will hinge on how long the economic impact persists. Bloomberg Markets

• JPMorgan's leveraged finance conference faces geopolitical headwinds. The annual event drew 3,500 participants to Miami Beach amid unease about the $3 trillion leveraged finance market. Bloomberg Markets

• World Bank commits $500M to Kenya's commuter rail upgrade. The development institution earmarked funding to rehabilitate the rail network in Kenya's capital. Bloomberg Markets

• Amazon launches health care AI tools for medical practices. AWS is expanding into workplace applications with new AI offerings for doctors and patients. Bloomberg Technology

• Berkshire has no plans to alter Kraft Heinz stake. CEO Greg Abel said the conglomerate will not immediately change its position following Kraft Heinz's pause on its planned split. Bloomberg Markets

• Science Corp. raises $230M for blindness implant technology. The neurotechnology startup secured funding to commercialize its brain implant and develop advanced devices. Bloomberg Technology

• Germany's KfW taps JPMorgan for potential KNDS stake purchase. The state-owned lender is exploring acquiring a stake in the Franco-German tankmaker ahead of its planned summer IPO. Bloomberg Markets