Congressional investigation into DOJ's handling of Epstein files

What happened: Former Attorney General Pam Bondi defended the DOJ's handling of Jeffrey Epstein files before a House panel on May 29. A purported suicide note by Epstein was unsealed on May 27, found by his former cellmate. Commerce Secretary Howard Lutnick, who had ties to Epstein, testified before Congress on May 30. Congress' independent watchdog announced an investigation into the DOJ's handling of Epstein files on May 26.

Market impact: The ongoing investigations and revelations surrounding Epstein's case have led to increased scrutiny of political and business figures with ties to him. This could potentially impact the valuations of companies connected to these figures, as well as sectors like finance and real estate, where Epstein's influence was significant.

What to watch next: On June 1, the House Oversight Committee is expected to vote on whether to hold Bondi in civil contempt. The DOJ's Inspector General is set to begin its investigation into the Epstein files. Additionally, any further unsealing of documents or testimonies from figures with Epstein ties could provide more clarity into the situation.