President Trump’s pick to head the Navy, Philip Bilden, is withdrawing his name from consideration, saying he “will not be able to satisfy the Office of Government Ethics requirements without undue disruption and materially adverse divestment of my family’s private financial interests.” Bilden is a private equity investor who has amassed a fortune in Hong Kong. He’s the third of Trump’s nominees to withdraw in recent weeks, including labor secretary nominee Andrew Puzder and Army secretary nominee Vincent Viola, who also withdrew over concerns about financial scrutiny.