JPMorgan said its asset management division has fully parted ways with controversial proxy advisors for shareholder votes. In an internal memo, the firm said it no longer needs third-party data collection or voting recommendations. Instead, it launched an artificial intelligence tool, Proxy IQ, to aggregate and analyze proxy data from 3,000 annual company meetings. Read more: cnb.cx/45164je | CNBC

Rep. Anna Paulina Luna (R-FL) on Tuesday explained the agreement she reached with Speaker Mike Johnson (R-LA) to end the standoff over her proposal to allow proxy voting for new parents in Congress. The Florida congresswoman had proposed allowing lawmakers who are new parents to vote remotely for up to 12 weeks after the birth of their child. GOP leadership opposed the proposal, arguing that proxy voting was unconstitutional and that it would “open a Pandora’s box.” Rep. Luna then successfully o