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NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Technology stocks are pulling Wall Street toward another record amid mixed trading on Monday. The S&P 500 rose 0.2% in afternoon trading after closing its best month of the year at an all-time high . The Dow Jones Industrial Average was down 86 points, or 0.2%, with a little more than an hour remaining in trading, while the Nasdaq composite was 0.9% higher. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 31.1% to lead the market. Following accusations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company's board. It also said it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 2.9% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 1.1% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street's frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 3.7% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.6%. Walmart , which gave a more optimistic forecast, rose 0.3%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.3%. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday's headliner report to show U.S. employers accelerated their hiring in November, coming off October's lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.Playing on Christmas is extra special for Knicks’ Karl-Anthony Towns this yearNigerian and Genk striker Tolu Arokodare has joined compatriot Alex Iwobi in putting smiles on people’s faces this Christmas season by giving out free food to people at Sint-Vincentius in Genk, The PUNCH reports. According to a report on a Belgian website, tvl.be/nieuws, Arokodare, along with his three other Genk teammates, participated in an initiative with Vincentius, a local charity in Genk, to distribute food parcels to families in need during the festive period. “At the initiative of Genk striker Tolu Arokodare, he and three other teammates went to prepare food parcels at Sint-Vincentius in Genk,” the website wrote. “In this way, they want to give those in need a boost during this Christmas period. Traditionally, it is a busy period for the organisation. Related News Genk coach hails ‘top striker’ Arokodare Belgium okays maternity leave, pension for sex workers Arokodare scores 10th goal of season “Sint-Vincentius Genk Zutendaal distributes 20 tonnes of food every month and even more during the holidays.” Arokodare, who has been linked with a move to Girona, joined Super Eagles midfielder Alex Iwobi in showing love to people after the Fulham star brought Christmas cheer to east London on Sunday as he gave out free food, including turkeys, to struggling families at his temporary shop. The Genk’s striker charitable work comes amid an impressive run of form that has helped the Belgian club to the top of the table in the Belgian Pro League with 41 points from 19 games. The 24-year-old Nigerian forward has netted 11 goals and provided five assists in 19 league games for Genk this season.
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WASHINGTON — President-elect Donald Trump offered a public show of support Friday for Pete Hegseth, his choice to lead the Defense Department, whose confirmation by the Senate is in doubt as he faces questions over allegations of excessive drinking, sexual assault and his views on women in combat roles. Hegseth, a former Fox News host, Army National Guard major and combat veteran, spent much of the week on Capitol Hill trying to salvage his Cabinet nomination and privately reassure Republican senators that he is fit to lead Trump's Pentagon. "Pete Hegseth is doing very well," Trump posted on his social media site. "He will be a fantastic, high energy, Secretary of Defense." The president added that "Pete is a WINNER, and there is nothing that can be done to change that!!!" The nomination battle is emerging not only as a debate about the best person to lead the Pentagon, but an inflection point for a MAGA movement that appears to be relishing a public fight over its hard-line push for a more masculine military and an end to the "woke-ism" of diversity, equity and inclusion efforts. People are also reading... Pete Hegseth, President-elect Donald Trump's nominee to be defense secretary, responds to reporters during a meeting with Sen. Mike Rounds, R-S.D., a member of the Senate Armed Services Committee, at the Capitol in Washington, Thursday, Dec. 5, 2024. (AP Photo/J. Scott Applewhite) Military leaders are rattled by a list of “woke” senior officers that a conservative group urged Hegseth to dismiss for promoting diversity in the ranks if he is confirmed to lead the Pentagon. The list compiled by the American Accountability Foundation includes 20 general officers or senior admirals and a disproportionate number of female officers. It has had a chilling effect on the Pentagon’s often frank discussions as leaders try to figure out how to address the potential firings and diversity issues under Trump. Those on the list in many cases seem to be targeted for public comments they made either in interviews or at events on diversity, and in some cases for retweeting posts that promote diversity. Tom Jones, a former aide to Republican senators who leads the foundation, said Friday those on the list are “pretty egregious” advocates for diversity, equity and inclusion, or DEI, policies, which he called problematic. “The nominee has been pretty clear that that has no place in the military,” Jones said of Hegseth. Hegseth embraced Trump’s effort to end programs that promote diversity in the ranks and fire those who reflect those values. Other Trump picks, like Kash Patel for FBI director, have suggested targeting those in government who are not aligned with Trump. Trump's allies forcefully rallied around Hegseth — the Heritage Foundation's political arm promised to spend $1 million to shore up his nomination — as he vows to stay in the fight, as long as the president-elect wants him to. Vice President-elect JD Vance offers a public show of support for Pete Hegseth, the embattled choice to lead the Defense Department. "We're not abandoning this nomination," Vance told reporters during a tour of western North Carolina. "We're not abandoning this nomination," Vice-President-elect JD Vance said as he toured post-hurricane North Carolina. He said he spoke with GOP senators and believes Hegseth will be confirmed. The effort became a test of Trump's clout and of how far loyalty for the president-elect goes with Republican senators who have concerns about his nominees. Two of Trump's other choices stepped aside as they faced intense scrutiny: former Rep. Matt Gaetz, R-Fla., his first choice for attorney general, and Chad Chronister, a Florida sheriff who was Trump's first choice to lead the Drug Enforcement Administration. Thanking the president-elect for the support, Hegseth posted on social media, "Like you, we will never back down." Hegseth faces resistance from senators as reports emerged about his past, including the revelation that he made a settlement payment after being accused of a sexual assault that he denies. He promised not to drink on the job and told lawmakers he never engaged in sexual misconduct, even as his professional views on female troops came under intensifying scrutiny. He said as recently as last month that women "straight up" should not serve in combat. Biden is considering preemptive pardons for officials and allies before Trump takes office He picked up one important endorsement from Republican Sen. Katie Britt of Alabama, whose support was seen as a potentially powerful counterweight to the cooler reception Hegseth received from Sen. Joni Ernst, a former Army National Guard lieutenant colonel. Ernst, who is also a sexual assault survivor, stopped short of an endorsement after meeting with Hegseth this week. On Friday, Ernst posted on X that she would meet with him again next week. “At a minimum, we agree that he deserves the opportunity to lay out his vision for our warfighters at a fair hearing,” she wrote. On Friday, Trump put out the statement in response to coverage saying he lost faith in Hegseth, according to a person familiar with his thinking who was not authorized to discuss it publicly. The president-elect and his team were pleased to see Hegseth putting up a fight and his performance this week reiterates why he was chosen, the person said. They believe he can still be confirmed. Pete Hegseth, President-elect Donald Trump's nominee to be defense secretary, left, joined by his wife Jennifer Rauchet, attends a meeting with Sen. Mike Rounds, R-S.D., a member of the Senate Armed Services Committee, at the Capitol in Washington, Thursday, Dec. 5, 2024. (AP Photo/J. Scott Applewhite) What to know about Pete Hegseth, Trump's pick to serve as defense secretary If Hegseth goes down, Trump's team believes the defeat would empower others to spread what they cast as "vicious lies" against every candidate Trump chooses. Still, Trump's transition team is looking at potential replacements, including former presidential rival Florida Gov. Ron DeSantis. DeSantis plans to attend the Dec. 14 Army-Navy football game with Trump, according to a person familiar with the Florida governor's plans who spoke to the AP on condition of anonymity. DeSantis and Trump spoke about the defense secretary post Tuesday at a memorial service for sheriff deputies in West Palm Beach, Fla., according to people familiar with the matter who said Trump was interested in DeSantis for the post, and the governor was receptive. DeSantis is poised to select a replacement for the expected Senate vacancy to be created by Marco Rubio becoming secretary of state, and Trump's daughter-in-law Lara Trump is seen as the preferred choice by those in Trump's orbit. Trump Pentagon pick had been flagged by fellow service member as possible 'Insider Threat' Pete Hegseth's mother says The New York Times made 'threats' by asking her to comment on a story Here are the people Trump picked for key positions so far President-elect Donald Trump Among President-elect Donald Trump's picks are Susie Wiles for chief of staff, Florida Sen. Marco Rubio for secretary of state, former Democratic House member Tulsi Gabbard for director of national intelligence and Florida Rep. Matt Gaetz for attorney general. Susie Wiles, White House Chief of Staff Susie Wiles, 67, was a senior adviser to Trump's 2024 presidential campaign and its de facto manager. Marco Rubio, Secretary of State Trump named Florida Sen. Marco Rubio to be secretary of state, making a former sharp critic his choice to be the new administration's top diplomat. Rubio, 53, is a noted hawk on China, Cuba and Iran, and was a finalist to be Trump's running mate on the Republican ticket last summer. Rubio is the vice chairman of the Senate Intelligence Committee and a member of the Senate Foreign Relations Committee. “He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries,” Trump said of Rubio in a statement. The announcement punctuates the hard pivot Rubio has made with Trump, whom the senator called a “con man" during his unsuccessful campaign for the 2016 GOP presidential nomination. Their relationship improved dramatically while Trump was in the White House. And as Trump campaigned for the presidency a third time, Rubio cheered his proposals. For instance, Rubio, who more than a decade ago helped craft immigration legislation that included a path to citizenship for people in the U.S. illegally, now supports Trump's plan to use the U.S. military for mass deportations. Pete Hegseth, Secretary of Defense Pete Hegseth, 44, is a co-host of Fox News Channel’s “Fox & Friends Weekend” and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show. Hegseth lacks senior military or national security experience. If confirmed by the Senate, he would inherit the top job during a series of global crises — ranging from Russia’s war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea. Hegseth is also the author of “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year. Pam Bondi, Attorney General Trump tapped Pam Bondi, 59, to be attorney general after U.S. Rep. Matt Gaetz withdrew his name from consideration. She was Florida's first female attorney general, serving between 2011 and 2019. She also was on Trump’s legal team during his first impeachment trial in 2020. Considered a loyalist, she served as part of a Trump-allied outside group that helped lay the groundwork for his future administration called the America First Policy Institute. Bondi was among a group of Republicans who showed up to support Trump at his hush money criminal trial in New York that ended in May with a conviction on 34 felony counts. A fierce defender of Trump, she also frequently appears on Fox News and has been a critic of the criminal cases against him. Kristi Noem, Secretary of Homeland Security Trump picked South Dakota Gov. Kristi Noem, a well-known conservative who faced sharp criticism for telling a story in her memoir about shooting a rambunctious dog, to lead an agency crucial to the president-elect’s hardline immigration agenda. Noem used her two terms leading a tiny state to vault to a prominent position in Republican politics. South Dakota is usually a political afterthought. But during the COVID-19 pandemic, Noem did not order restrictions that other states had issued and instead declared her state “open for business.” Trump held a fireworks rally at Mount Rushmore in July 2020 in one of the first large gatherings of the pandemic. She takes over a department with a sprawling mission. In addition to key immigration agencies, the Department of Homeland Security oversees natural disaster response, the U.S. Secret Service, and Transportation Security Administration agents who work at airports. Doug Burgum, Secretary of the Interior The governor of North Dakota, who was once little-known outside his state, Burgum is a former Republican presidential primary contender who endorsed Trump, and spent months traveling to drum up support for him, after dropping out of the race. Burgum was a serious contender to be Trump’s vice presidential choice this summer. The two-term governor was seen as a possible pick because of his executive experience and business savvy. Burgum also has close ties to deep-pocketed energy industry CEOs. Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day. In comments to reporters before Trump took the stage, Burgum said that, in recent years, the power grid is deteriorating in many parts of the country, which he said could raise national security concerns but also drive up prices enough to increase inflation. “There's just a sense of urgency, and a sense of understanding in the Trump administration,” Burgum said. Robert F. Kennedy Jr., Secretary of Health and Human Services Robert F. Kennedy Jr. ran for president as a Democrat, than as an independent, and then endorsed Trump . He's the son of Democratic icon Robert Kennedy, who was assassinated during his own presidential campaign. The nomination of Kennedy to lead the Department of Health and Human Services alarmed people who are concerned about his record of spreading unfounded fears about vaccines . For example, he has long advanced the debunked idea that vaccines cause autism. Scott Bessent, Treasury Secretary Scott Bessent, 62, is a former George Soros money manager and an advocate for deficit reduction. He's the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the mounting U.S. national debt. That would include slashing government programs and other spending. “This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Lori Chavez-DeRemer, Labor Secretary Oregon Republican U.S. Rep. Lori Chavez-DeRemer narrowly lost her reelection bid this month, but received strong backing from union members in her district. As a potential labor secretary, she would oversee the Labor Department’s workforce, its budget and put forth priorities that impact workers’ wages, health and safety, ability to unionize, and employer’s rights to fire employers, among other responsibilities. Chavez-DeRemer is one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act would allow more workers to conduct organizing campaigns and would add penalties for companies that violate workers’ rights. The act would also weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Scott Turner, Housing and Urban Development Scott Turner is a former NFL player and White House aide. He ran the White House Opportunity and Revitalization Council during Trump’s first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he’s yet selected for his administration, with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” Sean Duffy, Secretary of Transportation Sean Duffy is a former House member from Wisconsin who was one of Trump's most visible defenders on cable news. Duffy served in the House for nearly nine years, sitting on the Financial Services Committee and chairing the subcommittee on insurance and housing. He left Congress in 2019 for a TV career and has been the host of “The Bottom Line” on Fox Business. Before entering politics, Duffy was a reality TV star on MTV, where he met his wife, “Fox and Friends Weekend” co-host Rachel Campos-Duffy. They have nine children. Chris Wright, Secretary of Energy A campaign donor and CEO of Denver-based Liberty Energy, Write is a vocal advocate of oil and gas development, including fracking — a key pillar of Trump’s quest to achieve U.S. “energy dominance” in the global market. Wright also has been one of the industry’s loudest voices against efforts to fight climate change. He said the climate movement around the world is “collapsing under its own weight.” The Energy Department is responsible for advancing energy, environmental and nuclear security of the United States. Wright also won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term. Linda McMahon, Secretary of Education President-elect Donald Trump tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump promised to dismantle. McMahon led the Small Business Administration during Trump’s initial term from 2017 to 2019 and twice ran unsuccessfully as a Republican for the U.S. Senate in Connecticut. She’s seen as a relative unknown in education circles, though she expressed support for charter schools and school choice. She served on the Connecticut Board of Education for a year starting in 2009 and has spent years on the board of trustees for Sacred Heart University in Connecticut. Brooke Rollins, Secretary of Agriculture Brooke Rollins, who graduated from Texas A&M University with a degree in agricultural development, is a longtime Trump associate who served as White House domestic policy chief during his first presidency. The 52-year-old is president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. She previously served as an aide to former Texas Gov. Rick Perry and ran a think tank, the Texas Public Policy Foundation. Howard Lutnick, Secretary of Commerce Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Trump made the announcement Tuesday on his social media platform, Truth Social. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration. Both are tasked with putting forward candidates for key roles in the next administration. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather. It is also a position in which connections to CEOs and the wider business community are crucial. Doug Collins, Secretary of Veterans Affairs Doug Collins is a former Republican congressman from Georgia who gained recognition for defending Trump during his first impeachment trial, which centered on U.S. assistance for Ukraine. Trump was impeached for urging Ukraine to investigate Joe Biden in 2019 during the Democratic presidential nomination, but he was acquitted by the Senate. Collins has also served in the armed forces himself and is currently a chaplain in the United States Air Force Reserve Command. "We must take care of our brave men and women in uniform, and Doug will be a great advocate for our Active Duty Servicemembers, Veterans, and Military Families to ensure they have the support they need," Trump said in a statement about nominating Collins to lead the Department of Veterans Affairs. Karoline Leavitt, White House press secretary Karoline Leavitt, 27, was Trump's campaign press secretary and currently a spokesperson for his transition. She would be the youngest White House press secretary in history. The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps. Leavitt, a New Hampshire native, was a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to Democratic Rep. Chris Pappas. Leavitt worked in the White House press office during Trump's first term before she became communications director for New York Republican Rep. Elise Stefanik, Trump's choice for U.S. ambassador to the United Nations. Tulsi Gabbard, National Intelligence Director Former Hawaii Rep. Tulsi Gabbard has been tapped by Trump to be director of national intelligence, keeping with the trend to stock his Cabinet with loyal personalities rather than veteran professionals in their requisite fields. Gabbard, 43, was a Democratic House member who unsuccessfully sought the party's 2020 presidential nomination before leaving the party in 2022. She endorsed Trump in August and campaigned often with him this fall. “I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community,” Trump said in a statement. Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider compared to her predecessor. The current director, Avril Haines, was confirmed by the Senate in 2021 following several years in a number of top national security and intelligence positions. John Ratcliffe, Central Intelligence Agency Director Trump has picked John Ratcliffe, a former Texas congressman who served as director of national intelligence during his first administration, to be director of the Central Intelligence Agency in his next. Ratcliffe was director of national intelligence during the final year and a half of Trump's first term, leading the U.S. government's spy agencies during the coronavirus pandemic. “I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions,” Trump said in a statement, calling him a “fearless fighter for the Constitutional Rights of all Americans” who would ensure “the Highest Levels of National Security, and PEACE THROUGH STRENGTH.” Kash Patel, Federal Bureau of Investigation Director Kash Patel spent several years as a Justice Department prosecutor before catching the Trump administration’s attention as a staffer on Capitol Hill who helped investigate the Russia probe. Patel called for dramatically reducing the agency’s footprint, a perspective that sets him apart from earlier directors who sought additional resources for the bureau. Though the Justice Department in 2021 halted the practice of secretly seizing reporters’ phone records during leak investigations, Patel said he intends to aggressively hunt down government officials who leak information to reporters. Lee Zeldin, Environmental Protection Agency Administrator Trump has chosen former New York Rep. Lee Zeldin to serve as his pick to lead the Environmental Protection Agency . Zeldin does not appear to have any experience in environmental issues, but is a longtime supporter of the former president. The 44-year-old former U.S. House member from New York wrote on X , “We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI.” “We will do so while protecting access to clean air and water,” he added. During his campaign, Trump often attacked the Biden administration's promotion of electric vehicles, and incorrectly referring to a tax credit for EV purchases as a government mandate. Trump also often told his audiences during the campaign his administration would “Drill, baby, drill,” referring to his support for expanded petroleum exploration. In a statement, Trump said Zeldin “will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet.” Brendan Carr, Chairman of the Federal Communications Commission Trump has named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission. Carr made past appearances on “Fox News Channel," including when he decried Democratic Vice President Kamala Harris' pre-Election Day appearance on “Saturday Night Live.” He wrote an op-ed last month defending a satellite company owned by Trump supporter Elon Musk. Paul Atkins, Chair of the Securities and Exchange Commission Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social. The commission oversees U.S. securities markets and investments and is currently led by Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry. Gensler, who was nominated by President Joe Biden, announced last month that he would be stepping down from his post on the day that Trump is inaugurated — Jan. 20, 2025. Atkins began his career as a lawyer and has a long history working in the financial markets sector, both in government and private practice. In the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. Jared Isaacman, NASA Administrator Jared Isaacman, 41, is a tech billionaire who bought a series of spaceflights from Elon Musk’s SpaceX and conducted the first private spacewalk . He is the founder and CEO of a card-processing company and has collaborated closely with Musk ever since buying his first chartered SpaceX flight. He took contest winners on that 2021 trip and followed it in September with a mission where he briefly popped out the hatch to test SpaceX’s new spacewalking suits. Elise Stefanik, Ambassador to the United Nations Rep. Elise Stefanik is a representative from New York and one of Trump's staunchest defenders going back to his first impeachment. Elected to the House in 2014, Stefanik was selected by her GOP House colleagues as House Republican Conference chair in 2021, when former Wyoming Rep. Liz Cheney was removed from the post after publicly criticizing Trump for falsely claiming he won the 2020 election. Stefanik, 40, has served in that role ever since as the third-ranking member of House leadership. Stefanik’s questioning of university presidents over antisemitism on their campuses helped lead to two of those presidents resigning, further raising her national profile. If confirmed, she would represent American interests at the U.N. as Trump vows to end the war waged by Russia against Ukraine begun in 2022. He has also called for peace as Israel continues its offensive against Hamas in Gaza and its invasion of Lebanon to target Hezbollah. Matt Whitaker, Ambassador to NATO President-elect Donald Trump says he's chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO. Trump has expressed skepticism about the Western military alliance for years. Trump said in a statement Wednesday that Whitaker is “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.” The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy. David Perdue, Ambassador to China President-elect Donald Trump tapped former Sen. David Perdue of Georgia to be ambassador to China, saying in a social media post that the former CEO “brings valuable expertise to help build our relationship with China.” Perdue lost his Senate seat to Democrat Jon Ossoff four years ago and ran unsuccessfully in a primary against Republican Georgia Gov. Brian Kemp. Perdue pushed Trump's debunked lies about electoral fraud during his failed bid for governor. Pete Hoekstra, Ambassador to Canada A Republican congressman from Michigan who served from 1993 to 2011, Hoekstra was ambassador to the Netherlands during Trump's first term. “In my Second Term, Pete will help me once again put AMERICA FIRST,” Trump said in a statement announcing his choice. “He did an outstanding job as United States Ambassador to the Netherlands during our first four years, and I am confident that he will continue to represent our Country well in this new role.” Mike Huckabee, Ambassador to Israel Trump will nominate former Arkansas Gov. Mike Huckabee to be ambassador to Israel. Huckabee is a staunch defender of Israel and his intended nomination comes as Trump has promised to align U.S. foreign policy more closely with Israel's interests as it wages wars against the Iran-backed Hamas and Hezbollah. “He loves Israel, and likewise the people of Israel love him,” Trump said in a statement. “Mike will work tirelessly to bring about peace in the Middle East.” Huckabee, who ran unsuccessfully for the Republican presidential nomination in 2008 and 2016, has been a popular figure among evangelical Christian conservatives, many of whom support Israel due to Old Testament writings that Jews are God’s chosen people and that Israel is their rightful homeland. Trump has been praised by some in this important Republican voting bloc for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. Steven Witkoff, Special Envoy to the Middle East Trump on Tuesday named real estate investor Steven Witkoff to be special envoy to the Middle East. The 67-year-old Witkoff is the president-elect's golf partner and was golfing with him at Trump's club in West Palm Beach, Florida, on Sept. 15, when the former president was the target of a second attempted assassination. Witkoff “is a Highly Respected Leader in Business and Philanthropy,” Trump said of Witkoff in a statement. “Steve will be an unrelenting Voice for PEACE, and make us all proud." Trump also named Witkoff co-chair, with former Georgia Sen. Kelly Loeffler, of his inaugural committee. Keith Kellogg, Special Envoy for Ukraine and Russia Trump said Wednesday that he will nominate Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Kellogg, a retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as National Security Advisor to Trump's former Vice President Mike Pence. For the America First Policy Institute, one of several groups formed after Trump left office to help lay the groundwork for the next Republican administration, Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” (AP Photo/Mariam Zuhaib) Mike Waltz, National Security Adviser Trump asked Rep. Michael Waltz, R-Fla., a retired Army National Guard officer and war veteran, to be his national security adviser, Trump announced in a statement Tuesday. The move puts Waltz in the middle of national security crises, ranging from efforts to provide weapons to Ukraine and worries about the growing alliance between Russia and North Korea to the persistent attacks in the Middle East by Iran proxies and the push for a cease-fire between Israel and Hamas and Hezbollah. “Mike has been a strong champion of my America First Foreign Policy agenda,” Trump's statement said, "and will be a tremendous champion of our pursuit of Peace through Strength!” Waltz is a three-term GOP congressman from east-central Florida. He served multiple tours in Afghanistan and also worked in the Pentagon as a policy adviser when Donald Rumsfeld and Robert Gates were defense chiefs. He is considered hawkish on China, and called for a U.S. boycott of the 2022 Winter Olympics in Beijing due to its involvement in the origin of COVID-19 and its mistreatment of the minority Muslim Uighur population. Stephen Miller, Deputy Chief of Staff for Policy Stephen Miller, an immigration hardliner , was a vocal spokesperson during the presidential campaign for Trump's priority of mass deportations. The 39-year-old was a senior adviser during Trump's first administration. Miller has been a central figure in some of Trump's policy decisions, notably his move to separate thousands of immigrant families. Trump argued throughout the campaign that the nation's economic, national security and social priorities could be met by deporting people who are in the United States illegally. Since Trump left office in 2021, Miller has served as the president of America First Legal, an organization made up of former Trump advisers aimed at challenging the Biden administration, media companies, universities and others over issues such as free speech and national security. Tom Homan, ‘Border Czar’ Thomas Homan, 62, has been tasked with Trump’s top priority of carrying out the largest deportation operation in the nation’s history. Homan, who served under Trump in his first administration leading U.S. Immigration and Customs Enforcement, was widely expected to be offered a position related to the border, an issue Trump made central to his campaign. Though Homan has insisted such a massive undertaking would be humane, he has long been a loyal supporter of Trump's policy proposals, suggesting at a July conference in Washington that he would be willing to "run the biggest deportation operation this country’s ever seen.” Democrats have criticized Homan for his defending Trump's “zero tolerance” policy on border crossings during his first administration, which led to the separation of thousands of parents and children seeking asylum at the border. Billy Long, Internal Revenue Service commissioner Former Rep. Billy Long represented Missouri in the U.S. House from 2011 to 2023. Since leaving Congress, Trump said, Long “has worked as a Business and Tax advisor, helping Small Businesses navigate the complexities of complying with the IRS Rules and Regulations.” Kelly Loeffler, Small Business Administration administrator Former Georgia Sen. Kelly Loeffler was appointed in January 2020 by Georgia Gov. Brian Kemp and then lost a runoff election a year later. She started a conservative voter registration organization and dived into GOP fundraising, becoming one of the top individual donors and bundlers to Trump’s 2024 comeback campaign. Even before nominating her for agriculture secretary, the president-elect already had tapped Loeffler as co-chair of his inaugural committee. Dr. Mehmet Oz, Centers for Medicaid and Medicare Services administrator Dr. Mehmet Oz, 64, is a former heart surgeon who hosted “The Dr. Oz Show,” a long-running daytime television talk show. He ran unsuccessfully for the U.S. Senate as the Republican nominee in 2022 and is an outspoken supporter of Trump, who endorsed Oz's bid for elected office. Elon Musk and Vivek Ramaswamy to advise White House on government efficiency Elon Musk, left, and Vivek Ramaswamy speak before Republican presidential nominee former President Donald Trump at an Oct. 27 campaign rally at Madison Square Garden in New York. Trump on Tuesday said Musk and former Republican presidential candidate Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added the move would shock government systems. It's not clear how the organization will operate. Musk, owner of X and CEO of Tesla and SpaceX, has been a constant presence at Mar-a-Lago since Trump won the presidential election. Ramaswamy suspended his campaign in January and threw his support behind Trump. Trump said the two will “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” Russell Vought, Office of Management and Budget Russell Vought held the position during Trump’s first presidency. After Trump’s initial term ended, Vought founded the Center for Renewing America, a think tank that describes its mission as “renew a consensus of America as a nation under God.” Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. Vought has also previously worked as the executive and budget director for the Republican Study Committee, a caucus for conservative House Republicans. He also worked at Heritage Action, the political group tied to The Heritage Foundation, a conservative think tank. Additional selections to the incoming White House Dan Scavino, deputy chief of staff Scavino, whom Trump's transition referred to in a statement as one of “Trump's longest serving and most trusted aides,” was a senior adviser to Trump's 2024 campaign, as well as his 2016 and 2020 campaigns. He will be deputy chief of staff and assistant to the president. Scavino had run Trump's social media profile in the White House during his first administration. He was also held in contempt of Congress in 2022 after a month-long refusal to comply with a subpoena from the House committee’s investigation into the Jan. 6, 2021, attack on the U.S. Capitol. James Blair, deputy chief of staff Blair was political director for Trump's 2024 campaign and for the Republican National Committee. He will be deputy chief of staff for legislative, political and public affairs and assistant to the president. Blair was key to Trump's economic messaging during his winning White House comeback campaign this year, a driving force behind the candidate's “Trump can fix it” slogan and his query to audiences this fall if they were better off than four years ago. Taylor Budowich, deputy chief of staff Budowich is a veteran Trump campaign aide who launched and directed Make America Great Again, Inc., a super PAC that supported Trump's 2024 campaign. He will be deputy chief of staff for communications and personnel and assistant to the president. Budowich also had served as a spokesman for Trump after his presidency. Jay Bhattacharya, National Institutes of Health Trump has chosen Dr. Jay Bhattacharya to lead the National Institutes of Health. Bhattacharya is a physician and professor at Stanford University School of Medicine, and is a critic of pandemic lockdowns and vaccine mandates. He promoted the idea of herd immunity during the pandemic, arguing that people at low risk should live normally while building up immunity to COVID-19 through infection. The National Institutes of Health funds medical research through competitive grants to researchers at institutions throughout the nation. NIH also conducts its own research with thousands of scientists working at its labs in Bethesda, Maryland. Dr. Marty Makary, Food and Drug Administration Makary is a Johns Hopkins surgeon and author who argued against pandemic lockdowns. He routinely appeared on Fox News during the COVID-19 pandemic and wrote opinion articles questioning masks for children. He cast doubt on vaccine mandates but supported vaccines generally. Makary also cast doubt on whether booster shots worked, which was against federal recommendations on the vaccine. Dr. Janette Nesheiwat, Surgeon General Nesheiwat is a general practitioner who serves as medical director for CityMD, a network of urgent care centers in New York and New Jersey. She has been a contributor to Fox News. Dr. Dave Weldon, U.S. Centers for Disease Control and Prevention Weldon is a former Florida congressman who recently ran for a Florida state legislative seat and lost; Trump backed Weldon’s opponent. In Congress, Weldon weighed in on one of the nation’s most heated debates of the 1990s over quality of life and a right-to-die and whether Terri Schiavo, who was in a persistent vegetative state after cardiac arrest, should have been allowed to have her feeding tube removed. He sided with the parents who did not want it removed. Jamieson Greer, U.S. trade representative Kevin Hassett, Director of the White House National Economic Council Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. He announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council. While Trump has in several cases nominated outsiders to key posts, these picks reflect a recognition that his reputation will likely hinge on restoring the public’s confidence in the economy. Trump said in a statement that Greer was instrumental in his first term in imposing tariffs on China and others and replacing the trade agreement with Canada and Mexico, “therefore making it much better for American Workers.” Hassett, 62, served in the first Trump term as chairman of the Council of Economic Advisers. He has a doctorate from the University of Pennsylvania and worked at the right-leaning American Enterprise Institute before joining the Trump White House in 2017. Get Government & Politics updates in your inbox! Stay up-to-date on the latest in local and national government and political topics with our newsletter.France celebrated the re-opening of on Saturday at a special church service that featured a standing ovation for the firefighters who saved the 12th-century landmark from destruction during a 2019 blaze. A two-hour service attended by incoming US president Donald Trump among other world leaders began with the archbishop of Paris knocking on the doors of the cathedral three times. "Notre Dame, model of faith, open your doors to bring together the far-flung children of God in joy," archbishop Laurent Ulrich commanded, banging with a wooden staff crafted from a roof beam that survived the inferno five years ago. Trump could be seen sitting on the front row as guest of honour next to French President Emmanuel Macron, with invitees marvelling at the freshly cleaned walls, new furniture and state-of-the-art lighting installed as part of the overhaul. In a short speech, Macron expressed the "gratitude of the French nation" for the restoration work, achieved at frenzied speed over the last five years. France had "rediscovered what great nations can do -- achieve the impossible", he said. One of the most moving moments came when firefighters in their protective gear walked through the congregation to thunderous applause as the word ("Thank you") was beamed on the intricate facade and famous belltowers of the Gothic masterpiece. Small crowds of Parisians and tourists braved wet weather and high winds outside to witness the renaissance of a monument, which came close to collapsing due to the intensity of the inferno that toppled its roof and spire. "I find it really beautiful, even more so now that the spire has been restored," Marie Jean, a 27-year-old dentist from southwest France, told AFP outside. The reconstruction effort cost around 700 million euros ($750 million), financed from donations, with the re-opening achieved within a five-year deadline despite predictions it could take decades. Workers had to overcome problems with lead pollution, the Covid-19 epidemic, and the army general overseeing the project falling to his death while hiking in the Pyrenees last year. Saturday's service featured classical music, the cathedral's choir as well as the "re-awakening" of the 8,000-pipe organ which is considered the voice and soul of the cathedral. A televised public concert planned outside featuring Chinese piano virtuoso Lang Lang and possibly US singer and fashion designer Pharrell Williams had to be pre-recorded on Friday night because of the stormy weather. Held up as an example of French creativity and resilience by Macron, Notre Dame's renaissance so soon after the fire comes at a difficult time for the country. The sense of national accomplishment in restoring a symbol of Paris has been undercut by political turmoil that has left France without a proper government since last week when Prime Minister Michel Barnier lost a confidence vote. Macron is hoping the re-opening might provide a fleeting sense of national pride and unity -- as the Paris Olympics did in July and August. He scored a major coup by attracting Trump along with around 40 heads of state and government, including Ukrainian leader Volodymyr Zelensky, who was given a round of applause as he entered Notre Dame. Macron hosted three-way talks with Zelensky and Trump at the presidential palace shortly before the ceremony, with future US military support for Ukraine's war effort against Russia's invasion expected to have been discussed. Trump has vowed to end the nearly three-year Ukraine war when he takes office on January 20, sparking fears in Kyiv that he will force Ukraine to make territorial concessions to Russia. "It seems like the world is going a little crazy right now and we will be talking about that," Trump told reporters as he prepared to sit down for talks with Macron. One surprising absentee on Saturday was Pope Francis, the head of the Catholic Church. He sent a message addressed to the French people and weighed into a row about whether the place of worship and tourist attraction should remain free to enter. The "immense" numbers set to visit Notre Dame should be welcomed "generously and free of charge", he said, clearly opposing a proposition from the French culture ministry to charge for entry. Elon Musk, the world's richest man and one of Donald Trump's closest allies, made a surprise appearance Saturday at the ceremony marking the re-opening of Notre Dame cathedral in Paris. The boss of Tesla, SpaceX and social media network landed during the afternoon at Le Bourget airport north of Paris, which is frequently used by private jets, an airport source told AFP, asking not to be named. Musk was then present inside the cathedral for the ceremony on Saturday evening to mark its re-opening after the 2019 fire. His attendance had not previously been announced. He took a picture of the cathedral's immense doors before entering and also had an exchange inside with Trump who was sitting in the front row. "Magnificat Cathedrale," he posted on X with a video of the cathedral's vaulted roof. The exact cause of the 2019 blaze has never been identified despite a forensic investigation by prosecutors, who believe an accident such as an electrical fault was the most likely reason. On Sunday, the first mass with 170 bishops and more than 100 Paris priests will take place at 10:30 am (0930 GMT), followed by a second service at 6:30 pm which will be open to the public. You can unsubscribe at any time by clicking the link in the footer of our emails. We use as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.It is claimed for decades now that Baba Vanga's predictions often come true, and the world has seen some major calamities and incidents that had already been predicted by her years ago. Also known as the Nostradamus of the Balkans , Baba Vanga predictions are taken seriously by many on the planet, with one of her predictions reportedly being the 9/11 attacks on US soil, that is itself quite surprising in nature. However, these predictions lack verifiable data and have an interpretive nature, and therefore, must be followed with ultimate caution. Vangeliya Pandeva Gushterova , who is also known as 'Baba Vanga' is known for some predictions that have reportedly come true. And now, reports suggest that she had made some predictions about the coming year 2025 too, which could be life-changing for millions on the planet. Top Baba Vanga predictions for 2025 For starters, Baba Vanga's predictions have claimed an internal strife in Europe, which could lead to major political instability and uncertainty in the region. There are certain fears about internal conflicts in Europe, whose effects could be catastrophic in nature. Moreover, one more miraculous prediction for 2025 is the fact that there could finally be a major cure for cancer, which is one of the deadliest health concerns in the world. Such advances in medicine and healthcare could increase life expectancy by a manifold, if Baba Vanga's predictions are indeed true. Will humans interact with aliens in 2025? Baba Vanga's predictions have included the fact that humans could be making contact with extraterrestrial beings in the year 2025. Apart from this, there are also predictions about the 'start of the apocalypse' in 2024, which means a string of untoward incidents across the world could follow. 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Baba Vanga is also known as Vangeliya Pandeva Gushterova, and she is a Bulgarian mystic and healer who had claimed to have foreseen the future. She was born in 1911 and passed away in 1996. Did Baba Vanga predict the 9/11 attacks? It's claimed that Baba Vanga predicted the 9/11 attacks. She reportedly said, "Horror, horror! The American brethren will fall after being attacked by the 'steel' birds," according to the statements from back then. (You can now subscribe to our Economic Times WhatsApp channel )
Los Angeles deputy mayor put on leave amidst FBI probe into bomb threat
AY Proves Comedians Don’t Have To Be Funny To Be Successful – Bae URipple’s (XRP) unexpected rise of 300% after Trump's surprise win exemplified the cryptocurrency market's volatility. The surge has sparked renewed interest in XRP, one of the most stable altcoins. XRP is enjoying its spotlight, but rumors of a new competitor are growing. Blockchain star Rexas Finance (RXS) is ready to disrupt the rankings. With its revolutionary real-world asset tokenization and DeFi integration, RXS is attracting investors seeking the next big thing. Could a new crypto market leader emerge? A Positive Blow from Trump’s Victory As cryptocurrency traders celebrate the boost in demand for Ripple’s XRP token, the currency has increased in value within a short period. November has seen XRP soaring by 300 percent from $2.50 to $2.57 in a matter of days, cementing the currency’s credentials as being among the fastest growing in 2024. Before Donald Trump's re-election, XRP's capitalization was less than $30 billion. This spectacular increase has raised it to $154 billion. With the cryptocurrency market above $3.6 trillion, XRP's comeback suggests a big market change due to investor optimism and external political reasons. Strong buying from overseas markets, particularly South Korea, and the liquidation of huge short positions on futures trading platforms drove XRP's surge. Trump's re-election will dictate the sort of cryptocurrency regulation one can expect and the subsequent rise of XRP. The SEC was the first aggressor in this legal drama, which lost momentum when Gary Gensler ceased to be SEC chairman the minute Trump began serving his term. This naturally flares up hope of an amicable regulatory climate for crypto under the new rule. Ripple CEO Brad Garlinghouse believes Trump will "make crypto great again," boosting investor confidence. XRP's surge, driven by market and political pressures, shows its changing significance in cryptocurrencies. Gaining Grounds In DeFi Rexas Finance (RXS) shapes decentralized finance (DeFi) with its novel approach to real-world asset tokenization. RXS is bridging traditional banking and blockchain technology by letting users tokenize and exchange real estate, fine art, and commodities. By sourcing tokens within the conventional market, Rexas Finance enriches market liquidity and interactivity between the two market sectors through its pack of innovative tools. Smart investors view this unique value proposition as a game-changer in the growing financial ecosystem and flock to the initiative. Rexas Finance has secured $22,505,862 million out of its targeted $26,375,000 in its ongoing Stage 9 presale, selling each of its tokens at $0.125, demonstrating investor confidence. The token has been selling rapidly, resulting in an unimaginable surge in its accumulation. As the presale stage ends, more than 304 million tokens have been sold. The accelerated selling rate of the presale stage has made the token gain ground in DeFi beyond imagination. Early investors stand as much as 60% interest in their returns at a $0.20 launch price, making RXS a promising short-term and long-term crypto market powerhouse. This accessibility, creativity, and great growth potential make Rexas Finance a strong choice for DeFi investors seeking large gains. Becoming A Convincing Investment Rexas Finance (RXS) dominates the cryptocurrency market with investor trust, community participation, and strategic backing. RXS stands out in an area where confidence is key, as evidenced by a thorough audit by Certik, a leading blockchain security organization. After this rigorous certification, investors trust the platform's security and reliability, attracting institutional and retail investors. Rexas Finance's $1 million giveaway campaign, which attracted 393,274 individuals seeking $50,000 in RXS tokens, has built a community beyond security. The program boosts token visibility and participation by requiring a $100 presale deposit. Strategic investors who supported Ripple (XRP) boost its legitimacy. Their financial backing and influence reflect market confidence in RXS's growth, adoption, and liquidity. These efforts make Rexas Finance a forward-thinking leader with a strong market presence ready to reinvent asset tokenization and decentralized finance. Taking Over the Market Despite Ripple (XRP)'s 300% increase, Rexas Finance (RXS) appears likely to outperform it. RXS's wide and scalable use case, focusing on real-world asset tokenization, has driven its ascent, unlike XRP's focus on cross-border payments. Rexas Finance is tapping into a huge untapped market by connecting blockchain technology to actual assets like real estate, art, and commodities. This novel method makes RXS a leader in a niche with potentially endless possibilities, unlike XRP's more specialized application. RXS is set to generate a 1.6x return upon listing at $0.20 and promises exponential growth as acceptance develops, making it an excellent starting point for investors at $0.125. The project's presale raised $22.5 million, demonstrating investor trust and interest. Early adopters will profit from discounted admission and huge gains as the cryptocurrency obtains market share. Strategic endorsement from notable investors who have driven visibility, liquidity, and adoption for Ripple boosts RXS's attractiveness. This support suggests Rexas Finance could outperform XRP in market returns. With its unequaled innovation, community-driven growth, and strong financial support, Rexas Finance is poised to redefine blockchain utility and investment. Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
Lee Enterprises announced a partnership Friday morning with Perplexity, the AI search engine, through the company’s Publishers’ Program. This collaboration underscores Lee’s commitment to advancing local journalism by integrating innovative AI solutions that enhance content delivery, deepen audience engagement, and create new revenue opportunities, according to a news release. "By leveraging Perplexity’s advanced AI capabilities, Lee aims to redefine how communities interact with local news and advertising, offering personalized content experiences and opening new avenues for local businesses to connect with their audiences," the release continued. The partnership between Lee Enterprises and Perplexity focuses on two key initiatives: • Advertising Innovation: Utilizing AI technology to empower local businesses with data-driven advertising solutions, optimizing their reach, and ensuring campaigns resonate with community needs. People are also reading... • Future-Ready Strategies: Collaborating on scalable innovations to strengthen local journalism, explore new content monetization opportunities, and support advertisers in an evolving digital landscape. “AI is reshaping the business models of industries around the world, and journalism is no exception,” said Kevin Mowbray, CEO at Lee Enterprises. “This partnership with Perplexity is a bold step forward in embracing change. By integrating AI into our operations, we’re excited to transform how we deliver news, support our advertisers, and engage with readers in ways that were never possible before. This is about creating a future where trusted local journalism thrives in the digital age.” Runners climb the Brady Street Hill as the 50th Quad City Times Bix 7 kicks-off. Photos: 2024 Arconic Jr. Bix Runners leave the mark in the eight-year-old division at the Arconic Junior Bix on Friday, July 26, in Davenport. Theodore Schnekloth, 6, takes off in the Arconic Jr. Bix on Friday, July 26, in Davenport. A young runner takes a much-deserved break with some snacks after the Arconic Jr. Bix on Friday, July 26, in Davenport. Raelynn Fuhlman, 7, of Silvis, receives some help as she finishes the race at the Arconic Jr. Bix on Friday, July 26, in Davenport. Volunteers hand out medals to participants as they finish the Arconic Jr. Bix on Friday, July 26, in Davenport. A volunteer hands out medals to the six-year-old runners medals at the Arconic Jr. Bix on Friday, July 26, in Davenport. Two members of the crowd peek out from the race barricade on Fourth Street at the Arconic Jr. Bix on Friday, July 26, in Davenport. Conner Byrd, 11, of North Liberty, crosses the finish line with an entourage of Bix Buddies from the Arconic Jr. Bix on Friday, July 26, in Davenport. Young runners leave the mark along Fourth Street at the Arconic Jr. Bix on Friday, July 26, in Davenport. Friends and family cheer on runners at the Arconic Jr. Bix on Friday, July 26, in Davenport. The crowd cheers on runners at the Arconic Jr. Bix on Friday, July 26, in Davenport. The 7-year-old division participants elbow their way out from the starting line at the Arconic Jr. Bix on Friday, July 26, in Davenport. Racers on the mark at the Arconic Jr. Bix on Friday, July 26, in Davenport. Volunteers hand out medals to runners as they cross the finish line at the Arconic Jr. Bix on Friday, July 26, in Davenport. Participants run the Arconic Jr. Bix down Fourth Street on Friday, July 26, in Davenport. Young runners wait on the mark at the Arconic Junior Bix on Friday, July 26, in Davenport. A volunteer leads the runners to the finish line at the Arconic Jr. Bix on Friday, July 26, in Davenport. The 7-year-old division participants are anxious to start running at the Arconic Jr. Bix on Friday, July 26, in Davenport. A volunteer hands out medals to the 6-year-old runners medals at the Arconic Jr. Bix on Friday, July 26, in Davenport. A boy hitches a ride at the Arconic Jr. Bix on Friday, July 26, in Davenport. Runners in the six-year-old division cross the finish line at the Arconic Jr. Bix on Friday, July 26, in Davenport. Guests stay hydrated at the Arconic Jr. Bix on Friday, July 26, in Davenport. A group of 11-year-olds run the Arconic Jr. Bix on Friday, July 26, in Davenport. A young guest watches the Arconic Jr. Bix from a comfortable height on Friday, July 26, in Davenport. A family encourages a runner as he nears the finish line at the Arconic Jr. Bix on Friday, July 26, in Davenport. Nathan Paustian, 12, of Durant, receives some encouragement from the crowd at the Arconic Jr. Bix on Friday, July 26, in Davenport. Hugh Thomas, 10, of Davenport, sticks his hand out for high-fives from the crowd at the Arconic Jr.Bix on Friday, July 26, in Davenport. Eleven-year-old runners leave their mark at the Arconic Jr. Bix on Friday, July 26, in Davenport. Runners run into the sunset at the Arconic Jr. Bix on Friday, July 26, in Davenport. A young spectator high-fives an Arconic Jr. Bix racer during the six-year-old race on Friday, July 26, 2024. Jr. Bix racers grab post-race popsicles in the Quad-City Times parking lot on Friday, July 26, 2024. Six-year-old Obed Toto, the Garfield Elementary School Running Club's top "Elite" runner for the 2023-24 school year, poses after the Arconic Jr. Bix race on Friday, July 26, 2024. Miguel Cedillo, 9, of Bettendorf, high-fives the Chik-fil-A mascot before racing in the Arconic Jr. Bix on Friday, July 26, 2024. A young spectator extends a high-five to an Arconic Jr. Bix racer during the six-year-old race on Friday, July 26, 2024. Two six-year-old racers join hands during the Arconic Jr. Bix on Friday, July 26, 2024. Obed Toto, the Garfield Elementary School Running Club's top "Elite" runner, speeds by during the Arconic Jr. Bix six-year-old race on Friday, July 26, 2024. Obed Toko (left), of Davenport, races alongside Beau Schepers, of Bettendorf, during the Arconic Jr. Bix six-year-old race on Friday, July 26, 2024. Six-year-old Arconic Jr. Bix runners gear up for the race on Friday, July 26, 2024. Logan Dasso 6, of Davenport, sits on the shoulders of Andrew, her dad, and watches the races, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Oliver Little 6, of Eldridge plays with is Jr. Bix Medal as he is held by friend Jen Burman, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Jim Thomas from Chippewa Falls, Wisconsin, blows loudly on his horn, encouraging the racers to finish, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. A large crowd complete with cell phone cameras, capture the end of the races, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. The start of the 11-year-old race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Terriq Morgan-Clay (R) of Bettendorf beats out Logan Boll of Bettendorf at the finish line of the 10-year-old 's race Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. The start of the nine-year-old race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Elyjah Ashby of Davenport gets some high five's as he approaches the finish line of the nine-year-old race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. The start of the eight-year-old race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Jimmie Martin of Davenport is determined to finish his race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. The six-year-olds leave the starting line , Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. A Bix Buddy picks up a six-year-old on her back so he can finish the race, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. A pair of six-year-olds race for the finish line as the crowd cheers, Friday, July 26, 2024, during the Arconic Jr. Bix in Davenport. Five-year-old Jayden "Superman" Gibbs gets ready to run the Arconic Junior Bix on Friday, July 26, 2024. Three-year-old Oscar Sanchez is all smiles during his heat of the Arconic Junior Bix on Friday, July 26, 2024. Following the completion of the ages five and under races, Bix 7 Volunteers Emerson Quick, Allison Harris and Ava Harris-Shepard couldn't resist their own race at the Arconic Junior Bix on Friday, July 26, 2024. Calvin Henneman flies to the finish line during the three-year-old division of the Arconic Junior Bix on Friday, July 26, 2024. Sydney Hutchins of Rock Island and her friend Mickey Mouse went their separate ways during the 3-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Sydney Hutchins of Rock Island and her friend Mickey Mouse went their separate ways during the 3-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Sydney Hutchins of Rock Island and her friend Mickey Mouse went their separate ways during the 3-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Axel Munos, of Davenport, had to get a little help across the finish line of the Arconic Jr. Bix race, from his mother Stephanie, on Friday, July 26, 2024. Two-year-old Tatum Grothus chases her shadow during her heat of the Arconic Jr. Bix on Friday, July 26, 2024. Sophie Shrader finds a familiar face to run to during the 3-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. One-year-old Callie Peters crosses the finish line with a big smile during the Arconic Jr. Bix on Friday, July 26, 2024. Runners take off from the starting line during the 11-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Seven-year-olds jump the starting gun during of the Arconic Jr. Bix on Friday, July 26, 2024. From left, Bella Lombardi, Allie Stringer and Trey Pettigrew run in the four-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Nine-month-old Briar Smith would rather check the taste of her medal than pose for a photo with her mother, Lexi, after crawling in the under one-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. From left, Briar Larsen (530), Claire Berkley (460) and Josephine Vradenburg (461) run in the 3-year-old division of the Arconic Jr. Bix on Friday, July 26, 2024. Two-year-old Rowan Lind runs with his mother Brandee during the Arconic Jr. Bix on Friday, July 26, 2024. The business news you need Get the latest local business news delivered FREE to your inbox weekly. {{description}} Email notifications are only sent once a day, and only if there are new matching items.Trump offers a public show of support for Pete Hegseth, his embattled nominee to lead the Pentagon
This article is part of HuffPost’s biweekly politics newsletter. Click here to subscribe . Donald Trump and his fellow Republicans made the high cost of living a major focus of their campaigns in 2024. And for all of their vitriolic attacks on Democrats over issues like crime and immigration, it may have been their promise to reduce everyday prices that allowed them to win control of the White House and Congress. But governing is harder than campaigning. The president-elect and other Republicans are likely to see this firsthand when their commitment to lower prices runs smack into their opposition to government spending on health care — and, no less important, to their antipathy toward so-called Obamacare. It’s going to happen sometime in the next few months, or maybe even the next few weeks. A finding that the Congressional Budget Office released Thursday shows why. The finding was about the cost of health insurance for people who buy private coverage through the Affordable Care Act, the landmark legislation that Democrats passed and then-President Barack Obama signed in 2010. The short version of CBO’s conclusion is that insurance for millions of Americans will get more expensive if the Republicans don’t act. The long version goes like this: These millions are the people who buy insurance directly through the Affordable Care Act marketplaces, HealthCare.gov and its state-run analogues like Covered California, because they make too much money to qualify for government programs like Medicaid and can’t get coverage through their jobs. When they buy through the marketplaces, they can qualify for tax credits that effectively discount premiums by hundreds and frequently thousands of dollars annually. But in the Affordable Care Act’s early years, those tax credits were smaller than the law’s architects had hoped, because there weren’t enough votes in Congress to fund more generous assistance. It’s a big reason that so many people continued to struggle with high costs, or simply didn’t get insurance at all, in the program’s initial years. All of that changed in 2021, when President Joe Biden and the Democrats temporarily boosted the subsidies with extra money. The initial impetus was the COVID-19 pandemic; doing whatever it took to help people pay medical bills seemed like an especially good idea in the middle of a public health crisis. But there was always a second motive: trying to make insurance available through the Affordable Care Act more affordable. The effects of the bigger tax credits have been clear. With cheaper insurance at the marketplaces, enrollment has surged to record levels. But the extra subsidies are set to vanish after 2025. And while Democrats have called for extending them, it would be up to Trump and Republicans in Congress to do so. That’s not the sort of thing they’re inclined to do ― although, with Thursday’s CBO finding, they have a new reason to think about it. In response to an inquiry from four Capitol Hill Democrats, CBO’s analysts determined that allowing the extra subsidies to lapse would cause premiums to rise by 4% in 2026 and by close to 8% in each of the years afterward. (CBO analysts predict the change will need two years to take full effect.) Because of the way premiums and the tax credits interact, that increase would work out to “ about an extra $700 a year per person in out-of-pocket costs” for those buying coverage through the marketplaces, Gideon Lukens , a senior fellow at the Center on Budget and Policy Priorities, told HuffPost. While some buyers would simply pay the higher costs or shift into less generous insurance plans, others would drop their coverage altogether. That is why, according to CBO estimates, the number of uninsured Americans would rise by 2.2 million in 2026 and then by nearly 4 million in each of the following years. CBO predictions can be wrong, as any predictions can be. But they are consistent with other , independent estimates . And there’s every reason to think that the gist of these analyses is correct. Allowing the extra subsidies to lapse would effectively reverse the changes that Biden and other Democrats have made to the Affordable Care Act, so that people would have to pay more for coverage and some would drop insurance entirely. To be clear, Republicans have plenty of reasons to live with those consequences. They believe the regulation, spending and taxes behind big government health care programs do more harm than good, and they believe these newly generous tax credits increase opportunities for fraud . They’ve never made their peace with the Affordable Care Act , even if they have learned to downplay their opposition as the program has become more popular. Trump in particular has made no secret of his personal hostility to what is widely seen as Obama’s biggest legislative legacy. And then there is the considerable cost of extending the subsidies. The net 10-year cost would be more than $300 billion, according to an earlier CBO estimate . If Republicans are going to add new claims to the federal treasury, they’ve made clear that they’d rather put that money into the large tax cuts they want to pass. But if premiums jump on the Republicans’ watch, they’re going to have to explain that to the voters ― including, it turns out, quite a few in their own states and districts. A case in point is West Virginia, which for a combination of demographic and economic reasons has an unusually large number of people who qualify for big tax credits. “A 60-year-old West Virginia couple with moderate income would have to pay an extra $40,000 per year out of pocket if they want to keep their coverage,” said Lukens, who directs research and data analysis for the Center on Budget and Policy Priorities ’ health team. “And people with low incomes, who now have no out-of-pocket premium costs, would be charged hundreds of dollars.” Explaining higher premiums could be even more challenging if Republicans are already having to defend a jump in prices for consumer goods, something most economists predict will take place if Trump follows through on his promises for large new tariffs that would affect not just China but also Mexico. And it could be especially tough if Democrats highlight the choice Republicans are making ― namely, to reject an extension of health insurance assistance for millions of mostly working- and middle-class Americans, even as they push to enact tax cuts that would disproportionately benefit corporations and cost the federal government far more money. The total 10-year cost of tax cuts that Trump has promised would run into the trillions of dollars , dwarfing the cost of extending the extra health insurance subsidies. Even now, Democrats like Sen. Jeanne Shaheen (D-N.H.) are making this argument. “At a time when Americans are alread y facing higher prices, we should do everything we can to lower costs when and where we can,” Shaheen said in a press release Thursday, after the CBO released its finding. Senate Finance Committee Chair Ron Wyden (D-Ore.), a party leader on health care issues, added that “Republicans have an opportunity to end their ideological crusade against the Affordable Care Act and work in a bipartisan manner to make health care more affordable for working families, but instead they seem poised to hand another big tax break to corporations and the wealthy.” Shaheen and Wyden were two of the lawmakers who requested this week’s CBO analysis. The others were Reps. Richard Neal (D-Mass.) and Lauren Underwood (D-Ill.). They are among the Democrats in Congress who, according to The Washington Post , recently approached Republican leaders about including a one-year extension of the extra tax credits in the broad, end-of-year spending bill now in the works. The future of that proposal ― and of the extra tax credits more generally ― is impossible to tell at the moment. But for Republicans, the question isn’t whether their choice will have big consequences. It’s which big consequences they prefer.Seasoned leader assumes responsibility for operations and sales as COO BOSTON, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Amwell ® (NYSE: AMWL), a leader in digital care, has announced Chief Financial Officer (CFO) Mark Hirschhorn will take on an expanded role as chief operating officer, effective Jan. 1, 2025. Hirschhorn will now oversee the company's operational and growth strategies, including the clinical, sales and marketing teams, while continuing his responsibilities as CFO. This move reflects Amwell's commitment to scale its innovative solutions to meet the growing demand for digital healthcare. "Since joining Amwell, Mark has proven himself to be a strong leader, and we're thrilled to have him step into this expanded role," said Ido Schoenberg, M.D., CEO and chairman of Amwell. "Mark's operational experience, coupled with his extensive financial acumen, will help us continue to streamline the Amwell portfolio of services and pursue core channels of profitable growth while powering the digital care aspirations of our clients. With these changes, we enable a higher level of focus on our mission of connecting and empowering providers, insurers, and innovators to deliver more accessible, affordable, high-quality care for the benefit of all stakeholders. We also solidify our confidence in our path to cash flow positive in 2026." "I am eager to take on the additional responsibilities as COO," said Hirschhorn. "I look forward to working closely with our talented and streamlined leadership team to sharpen our operational focus on key priorities, drive greater efficiencies, optimize cash flow and deliver profitable growth while pursuing our mission to redefine healthcare delivery through technology-driven solutions." As Amwell continues to streamline processes and drive alignment, two executives will leave the company. Chief Commercial and Growth Officer Kathy Weiler, and Chief Operating Officer Kurt Knight, will depart Amwell at the end of the year. Over her tenure, Weiler has contributed to meaningful cost initiatives while transforming the company's growth organization. Knight has provided substantial leadership over his 14-year tenure, including key roles in strategy, M&A, the company's IPO, rapidly scaling operations through the COVID-19 pandemic, and building and managing the company's affiliated network of providers, Amwell Medical Group ® , a strategic service for payer and provider organizations. "Kathy's leadership led to the creation of a formally structured and professionalized growth organization, which has had a meaningful and lasting impact on our business. Kurt is a foundational partner in Amwell. He has made an incredible contribution to our company over many years. He played a major role in transforming Amwell into the company it is today, and I am forever grateful. I thank both leaders for their contributions to Amwell,” said Schoenberg. About Amwell Amwell is a leading hybrid care, delivery enablement platform in the United States and globally, connecting and enabling providers, payers, patients, and innovators to deliver greater access to more affordable, higher quality care. Amwell believes that hybrid care delivery will transform healthcare. We offer a single, comprehensive platform to support all digital health needs from urgent to acute and post-acute care, as well as chronic care management and healthy living. With nearly two decades of experience, Amwell powers the digital care of more than 50 health plans, which collectively represent more than 100 million covered lives, and many of the nation's largest health systems. For more information, please visit https://business.amwell.com/ . ©2024 American Well Corporation. 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