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x99 casino LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!Stock market today: Wall Street slips to a rare back-to-back loss

Stock market today: Wall Street slips to a rare back-to-back loss

EDMONTON - Alberta Premier Danielle Smith says the government is working to get taxpayer value for the money it paid for medication that has yet to be approved and delivered. Smith announced the plan two years ago amid a national shortage of children’s pain medication. The province spent $70 million upfront to import five million bottles from Turkey-based Atabay Pharmaceuticals. But Alberta Health Services said Friday that Health Canada only approved 1.5 million bottles or $21 million worth of product. That left a credit of $49 million. Smith said this week the holdup is with Health Canada, which would have to approve a new suite of imports for the province to get its money’s worth. “We’re waiting for Health Canada to work with AHS to identify the products, get the formulations, approve it, so that we’re able to execute on it. Those things take time,” Smith said in a year-end interview. The premier said the province had to pay the $70 million upfront. “They delivered a portion, and then the supply chains were restored, and we didn’t need to fulfil it with the two products we’d initially ordered. So we have a credit on file with Atabay,” said Smith. The government and AHS declined to say what specific products they’re seeking or when they might arrive. “We want it to be delivered soon,” said Smith. Health Canada was unable to provide an immediate response. AHS said the $70-million prepayment went to Edmonton-based medical supplier MHCare. AHS did not address questions about how common it is to pay the entire contracting fee upfront with no apparent backstops to ensure fulfilment. The costs of shipping, waste disposal and other administration tied to the deal were initially estimated to be an extra $10 million, but are yet to be finalized. NDP Leader Naheed Nenshi said Smith’s United Conservative government signed a deal that didn’t follow normal procurement practices, and it backfired. “The federal government had already signed a deal to get real Tylenol onto the shelves that arrived before the Turkish Tylenol,” he told The Canadian Press. “Albertans should be really angry, because we basically have given$80 million of taxpayers money that could have built schools.” Smith’s government has stood by the decision to import the medication because, in late 2022, parents were desperate to find relief for their children at the height of the respiratory virus season. The purchase has long been mired in difficulties. It was immediately beset by delays, as the province sought regulatory approvals and sorted out packaging and warning labels. Pharmacists had to keep some of the medicine behind the counter to make sure customers who bought it were aware of the comparatively lower dosage. Hospital neonatal units eventually stopped using it due to safety concerns. The purchase also sparked questions about whether the province’s relaxed ethics rules meant elected officials could be bought for the right price. Multiple UCP cabinet ministers have said they accepted free tickets to Edmonton Oilers hockey games during the Stanley Cup playoffs. They said they followed conflict-of-interest rules and denied any claims of disreputable behaviour. Health Minister Adriana LaGrange has said AHS has identified what imported adult medications it could use, is in negotiations with Atabay and is working to get approval from Health Canada. “Once those processes have been gone through, I will be happy to share exactly what those medications are,” she said Thursday. “My goal has always been to get products that we can use, get maximum value out of what’s remaining on the books there, and that’s what’s happening.” This report by The Canadian Press was first published Dec. 6, 2024.COAS Pledges Renewed Commitment to Tackling Security Challenges in N/E, N/W Regions

WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald Trump, who is already threatening tariffs that would likely weaken it and bring back inflation. “The bottom line is, in four short years, we’ve come a long way ... from the crisis we inherited,” Biden said in a speech at the Brookings Institution think tank. “I’m not saying it was perfect, but it ends up at this moment the best economy, strongest economy in the world and, for all Americans, doing better.” The Democrat cited the jobs created under his administration, as well as clean energy and infrastructure projects begun all over the country, and said he hoped the man who both preceded him and will succeed him in the Oval Office does not undo them or follow through with his promised tariffs. “He seems determined to impose steep universal tariffs on all imported goods brought to this country, on the mistaken belief that foreign countries will bear the cost of those tariffs rather than the American consumer,” Biden said. “Who does he thinks pays for this? I believe this approach is a major mistake.” Trump, though, appears unlikely to heed that warning. Just after midnight Tuesday, he mockingly called Canadian Prime Minister Justin Trudeau the “Governor” of Canada, which he called a “State.” During Trudeau’s visit days earlier to the Republican’s South Florida country club home, Trump had reportedly told his guest that if he didn’t want tariffs imposed on Canada, his country should consider joining the U.S. as a new state. “I look forward to seeing the Governor again soon so that we may continue our in depth talks on Tariffs and Trade, the results of which will be truly spectacular for all!” Trump wrote on his Truth Social platform. For the three years before the pandemic was declared in 2020, Trump claimed — falsely — that he had brought about the best economy in American history. In fact, it was about the same or, by some measures, not quite as strong as the one built under his predecessor Barack Obama in his second presidential term. More jobs were created in Obama’s final three years than in Trump’s first three. Obama had come into office amid a deep recession caused by 2008’s global economic crisis but, by the time he left, was overseeing an economy with moderate but steady growth, negligible inflation and low unemployment. Similarly, Biden took office just past the nadir of the pandemic, with vaccine distribution just having started but thousands of Americans still dying per day. Just over half of the more than 20 million jobs lost early in the pandemic had come back, but unemployment still stood at over 6%. Four years later, all of the lost jobs have been recovered and 7 million more created. The high inflation that struck during the recovery is back down and near prepandemic levels, and unemployment is close to historic lows. Still, voters made it clear throughout the 2024 presidential election that they preferred their memories of Trump’s economy to what they saw as Biden’s economic realities. The president’s attempts to sell “Bidenomics” in the summer of 2023 flopped, and after Vice President Kamala Harris took his spot in the White House race, the Democratic campaign largely stopped trying to sell the public on Biden’s accomplishments. Many voters felt their wages had not kept up with the rising costs of groceries and housing. Though official measurements are complicated, they broadly show that this was true in 2021 and 2022 but not true for the latter two years of Biden’s presidency. Nonetheless, Trump, once again, will be handed a strong economy as he enters office. Early in his first term, he quickly began claiming that the economy he’d been criticizing as horrendous during his campaign was instead the best the country had seen in ages. It’s unclear whether and when Trump might start claiming that the current economy, which he similarly suggested was horrible in this year’s campaign, is instead terrific, all thanks to him. But what is clear is his intent to impose tariffs on foreign goods, on an even larger scale than he did the first time around. In his initial term, Trump imposed tariffs on steel and aluminum to help American makers of those metals, but set a wide range of tariffs on products from China, which in turn triggered retaliatory tariffs on American goods. That hurt both farmers and manufacturers, and caused business investment to fall for two straight quarters in 2019, a warning sign of an impending recession. Trump’s administration was scrambling to unwind the trade war ahead of the 2020 election when the pandemic began and sent the economy into free fall. This time, Trump is vowing tariffs against China again, as well as possibly imposing tariffs on Mexico and Canada — the two largest trading partners of the U.S. — in apparent violation of the trade agreement that he himself once signed. Biden’s top economic adviser, Jared Bernstein, said implementing across-the-board tariffs would certainly reverse the positive trends in the economy and bring inflation. “How quickly does that happen? Quite quickly,” he told reporters at the White House, adding that it would be a matter of months, not quarters. “The president’s speech today is the best advice I can give to any member of the incoming president’s economic team,” Bernstein said.

QUÉBEC — Quebec Premier François Legault says he's looking at ways to end prayer in public places, including parks, as his government promises to table new legislation to strengthen secularism in schools. Legault made the comments during a press conference in Quebec City on Friday to mark the end of the fall legislative session. He said he wants to send a "very clear message to Islamists" that Quebec will fight against any disrespect of its fundamental values, including secularism. The premier said that recent reports of teachers allowing prayers in classrooms and preventing girls from playing sports, which have triggered an outcry in Quebec, are "totally unacceptable." "There are teachers who are bringing Islamist religious concepts into Quebec schools," he said. "I will definitely not tolerate that. We don't want that in Quebec." Legault then went a step further when asked by a reporter if he was also bothered by prayer in public places. "Seeing people on their knees in the streets, praying, I think we have to ask ourselves the question. I don't think it's something we should see," he said, adding that his government is considering whether it can legislate on the issue. He went on to say he doesn't want to see people praying "in public parks or public streets." When questioned about the constitutionality of banning public prayer, he said the government is "looking at all possibilities, including the use of the notwithstanding clause," which allows governments to override certain sections of the Charter of Rights and Freedoms. Images of Muslims praying in Montreal have sparked controversy in recent months, including when a group gathered in a city park to celebrate Eid al-Adha last June, prompting the borough mayor to muse about banning all religious events in public parks. In a statement, the Canadian Muslim Forum said Legault's comments suggest that some politicians view Muslims as second-class citizens. "These remarks add to a pattern of political rhetoric that unfairly targets Quebecers, especially those of Muslim faith, based solely on their backgrounds," the statement reads. Legault's comments come as the province grapples with a series of reports about Muslim religious practices appearing in some of the province's public schools. On Friday, Education Minister Bernard Drainville declared the government will introduce a new bill aimed at reinforcing secularism in Quebec schools. The announcement followed a Friday report in La Presse that documented students at a high school in Laval, north of Montreal, praying in classrooms and hallways and disrupting a play focused on sexually transmitted infections and pregnancy prevention. Drainville told reporters in Quebec City that the behaviour does not represent "our Quebec" and is "completely intolerable and unacceptable." "These acts of a religious nature clearly contravene secularism obligations," he said in a social media statement. "One can easily imagine the psychological impact that some of these behaviours may have had on students." The news story is the latest in a growing number of incidents reported at Quebec schools involving Muslim teachers and students. The wave of allegations was sparked by a government investigation, made public in October, that found a toxic climate at a Montreal elementary school. The report found that a group of teachers at Bedford school, mostly of North African descent, yelled at and humiliated students. Some teachers didn’t believe in learning disabilities and attributed students’ difficulties to laziness. Subjects like science and sex education were either ignored or barely taught, and girls were prevented from playing soccer. Eleven teachers have since been suspended from the school. The government is now looking into 17 schools it believes may have breached the province's secularism law. The report on those schools is expected in January, but Drainville says he can already confirm that the government is going to act. Quebec used the notwithstanding clause to shield the province's controversial secularism law, Bill 21, from constitutional challenges. That law prevents certain public sector workers, including teachers and police officers, from wearing religious symbols on the job. The government also invoked the clause to protect its contentious language law, Bill 96. On Friday, Legault said the protection of Quebec's identity has been one of his top priorities over the last year and repeated his claims that temporary immigration is threatening the French language in Montreal. He also reiterated that he's "open" to the idea of a Quebec constitution, following a recent recommendation from a committee tasked with coming up with ways to boost Quebec's autonomy. He said a constitution could enshrine Quebec's values, including secularism and equality between men and women. This report by The Canadian Press was first published Dec. 6, 2024. — By Maura Forrest in Montreal The Canadian Press

NEWS BRIEF Microsoft has expanded access for its Windows Recall feature to Copilot+ PCs that use AMD and Intel chipsets, after initially offering it to users with Snapdragon-powered machines. And, it has now launched in Europe. The launch is part of a gradual rollout that for now is in a preview phase within the Windows Insiders testing community. Recall is an AI-powered feature that allows PC users to record everything they do on their computers, and then go back to a desired "snapshot" of activity later. It's a useful tool, as Microsoft pointed out in its expansion announcement on Dec. 6: "It's now possible to quickly find and get back to apps, websites, images, or documents just by describing its content." But the capability also has sparked ongoing concerns about privacy and data security (Microsoft keeps and hosts the recorded content in the cloud), as well as the potential for the feature to be compromised and used for cyber-espionage ends. The tech giant appears to be taking those concerns seriously; in June, it beefed up its planned privacy and security features for Recall , including data encryption, turning Recall off by default, and requiring users to enroll in Windows Hello biometrics authentication to prove they're present at the keyboard as recording is happening. It also added it to its bug bounty program to track down exploitable security vulnerabilities . Microsoft has taken its time with the launch in light of the concerns; after being set to go live in June, Redmond pushed the release date for Recall back to October, and then to November , when it finally became available in limited release. Tara Seals has 20+ years of experience as a journalist, analyst and editor in the cybersecurity, communications and technology space. Prior to Dark Reading, Tara was Editor in Chief at Threatpost, and prior to that, the North American news lead for Infosecurity Magazine. She also spent 13 years working for Informa (formerly Virgo Publishing), as executive editor and editor-in-chief at publications focused on both the service provider and the enterprise arenas. A Texas native, she holds a B.A. from Columbia University, lives in Western Massachusetts with her family and is on a never-ending quest for good Mexican food in the Northeast.Gryphon Digital Mining files to sell 17.76M shares of common stock for holders49ers running back Christian McCaffrey headed to IR with an injured right knee

The Evolution Of Installation Art In The 21St CenturyLAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!Magnolia Texas Real Estate Agents share insights on features that could define a Texas house as a luxury homeLAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1."

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AP Business SummaryBrief at 3:50 p.m. EST

Gophers football players are preparing to play Wisconsin for Paul Bunyan’s Axe on Friday, but three key pieces peered beyond the blinders to shore up their commitment to Minnesota on Monday. Quarterback Max Brosmer and offensive lineman Quinn Carroll — two sixth-year seniors — said they will play in the Gophers’ to-be-determined bowl game, bucking a growing trend of players skipping postseason games to prepare for shots in the NFL. Brosmer, a transfer from FCS-level New Hampshire, said he will “definitely” suit up. “It’s another opportunity for us to play as a team,” said Brosmer, who threw for 2,426 yards, 15 touchdowns and five interceptions in 11 games this season. “It’s a compilation of what you have worked on all season.” Carroll said he respects higher-level prospects who might opt out and protect their draft stock, but he wants to get back to a “standard” of players not skipping the games. “My goal ever since I came here was to be the leader, be the standard all the time, and I don’t want it to become a standard that we don’t play in the bowl game if we have NFL aspirations,” said Carroll, who has played three seasons at Minnesota after three years at Notre Dame. “Obviously it’s different for guys who are maybe touted a little bit higher or think it will be better off for them to start working on the next step, whether that is combine training or what have you. But that is one opportunity that I’m blessed with to play with the guys and I’m going to take full advantage of it.” Left tackle Aireontae Ersery is a prime candidate of a Gophers player who might want to safeguard a higher draft stock and limit injury exposure by sitting out the bowl game. The possible first- or second-round pick has not said what he might do. For example, former U center, John Michael Schmitz opted out of the Pinstripe Bowl in 2022; he was drafted in the second round by the New York Giants. Meanwhile, Gophers fifth-year defensive lineman Jalen Logan-Redding said he will return to Minnesota for 2025, instead of trying his luck in the NFL. “Coming back next year is definitely going to be the best for me and being able to maximize all my opportunities and exhaust eligibility,” Logan-Redding said. Logan-Redding said he talked with fellow D-lineman Deven Eastern, who has one more year remaining, about pairing up in 2025. “We talk a lot about it,” Logan-Redding said. “... We are excited for it, honestly. Not only continuing to build the D-line, but just continuing to build on the experience that we already have. We’ve seen the amount of destruction that we can create when we are focused. Me, Dev and, of course, (Anthony Smith). He would be pissed if I didn’t shout him out.” Smith, who has two more years of eligibility, has been one of the U’s best players in the last month. He has 23 total pressures and five sacks, including one sack in each of the last three weeks.NEW YORK (AP) — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.