FBI Director Christopher Wray announced Wednesday he will resign at the end of President Biden’s term. It comes after President-elect Donald Trump indicated last month that he intends to remove Wray and replace him with Kash Patel. Ed O’Keefe has more.

The Franklin Fire burning in Malibu had torched nearly 4,000 acres and was 7% contained as of Wednesday evening. Thousands of nearby residents remained under mandatory evacuation orders. CBS News correspondent Carter Evans has more.

The annual inflation rate in the U.S. ticked up slightly in November. The Bureau of Labor Statistics reported that the Consumer Price Index for all items rose 2.7% in the past year, which was in line with economists’ expectations. CBS News MoneyWatch correspondent Kelly O’Grady breaks it all down.