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☆ Biden says he'll ban TikTok if Congress passes bill, but he's campaigning on it until then
▼ + stars: | 2024-03-08 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +10 min

Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.

Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, —, Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza

WASHINGTON (AP) — Federal regulators are investigating ExxonMobil's $60 billion deal to acquire a Texas oil company in what would be one the largest mergers in the energy industry in two decades, according to securities filings. The Federal Trade Commission, which enforces federal antitrust law, has asked for additional information from the companies about Exxon’s proposed acquisition of Pioneer Natural Resources. Exxon reported $9.1 billion in profits in the quarter that ended Sept. 30, while Chevron reported $6.5 billion in profits. Exxon has said the proposed deal with Texas-based Pioneer Resources would enhance U.S. energy security and benefit the American economy and consumers. Chevron said its proposed deal with New York-based Hess would strengthen long-term performance while “delivering higher returns and lower carbon” dioxide emissions that contribute to global warming.

Persons: Chuck Schumer, Schumer, Hess, Exxon, Alex Witt, Witt Organizations: WASHINGTON, —, Federal Trade Commission, Natural Resources, FTC, Exxon, Pioneer, Hess Corporation, Chevron, Justice Department, Resources, Climate, Center for American Progress Action Fund, League of Conservation Voters, Sierra Club Locations: Texas, Chevron, Ukraine, New York

That law, supported by Biden and congressional Democrats, created tax credits to boost domestic EV manufacturing. "The point is that they're manufacturing jobs, whether they be baskets or batteries." A Trump spokesperson pointed Reuters to a recent policy announcement in which the former president said EV manufacturing would harm workers. Biden's campaign pointed Reuters to a statement from Kevin Munoz, a campaign spokesman, who said Trump's plan would mean more Chinese EV manufacturing jobs and fewer American jobs. Still, Ciscomani, who did not respond to comment requests, has generally welcomed individual EV projects, and toured a local EV plant in August.

Persons: Rebecca Cook, Donald Trump, Ron DeSantis, Joe Biden, Biden, Trump, Mike Morey, SKDK, Andrew Reagan, Kirsten Engel, EVs, Jesse Williams, Joe, Anna Kelly, DeSantis, Kevin Munoz, Munoz, Brian Kemp, Wendy Davis, Engel, Juan Ciscomani, Ciscomani, Gram Slattery, Nichola Groom, Jarrett Renshaw, Alistair Bell Organizations: General Motors, Bolt, Orion Assembly, REUTERS, Rights, Florida, Democratic, Republican, EV, Power, Reuters, Democrats, Energy, America, Environmental Defense Fund, Biden, RMI, Republican Party, Trump, United Auto Workers, UAW, Republican National Committee, United States, Climate Power, League of Conservation Voters, Thomson Locations: Lake Orion , Michigan, U.S, Georgia , Arizona , Nevada, Michigan, Wisconsin , Pennsylvania, North Carolina, Michigan , Georgia, Arizona, America, North America, Decatur County , Georgia, China, South, United, Georgia, Rome , Georgia, Washington, Los Angeles

☆ Biden’s Ad Blitz Is a Sign of Weakness
▼ + stars: | 2023-10-26 | by ( Karl Rove | ) www.wsj.com time to read: +1 min

Journal Editorial Report: Democratic support for Israel is no longer assured. Images: Zuma Press/AFP/Getty Images Composite: Mark KellyThe presidential election may be more than a year away, but Democrats are spending historically early and lavishly to sway Americans in the battlegrounds states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. The first ad buy was a small Democratic National Committee purchase in April in six battleground states and on cable. A $2.5 million buy of Biden digital ads followed later in the month. The Priorities USA PAC began running ads in six states in late April, part of its $75 million commitment to help Joe Biden.

Persons: Mark Kelly, Joe Biden Organizations: Democratic, Israel, Zuma Press, Getty, Democratic National Committee, Biden, USA, Climate, Action Locations: Arizona , Georgia, Michigan, Nevada , North Carolina , Pennsylvania, Wisconsin

[1/2] Solar panels are built at the QCells solar energy manufacturing factory in Dalton, Georgia, U.S., March 2, 2023. The Inflation Reduction Act, which passed last year without a single Republican vote, is a signature Biden accomplishment and offers $369 billion investment to address climate change. This includes $270 billion in tax incentives. Republicans have portrayed the tax credits as a distortion of the free market that gives unfair advantage to clean-energy producers over fossil fuels. Frisone, of CZAR-Power, said he plans to call Republican officeholders to make his case, adding, "This is a political stunt -- why are we doing it?"

☆ Opinion | Making Manufacturing Greater Again
▼ + stars: | 2023-04-20 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

It can be hard to remember, but initially MAGA seemed to be about more than election lies and cultural/racial grievance. One central theme of Donald Trump’s 2016 campaign was a promise to bring manufacturing jobs back to the United States. Unfortunately, his policies were a flop: The promised manufacturing revival never happened. Remarkably, however, President Biden appears to be presiding over the kind of manufacturing surge Trump had promised. Goldman Sachs predicts that the Inflation Reduction Act will involve substantially higher government outlays than was initially projected but will also induce trillions of dollars in private investment.

The wind, solar and EV manufacturing sectors are creating the new positions, which include electricians, mechanics, construction workers and technicians. Since President Joe Biden signed the historic Inflation Reduction Act into law last August, companies have announced more than 100,000 clean energy jobs across the country, according to a report by the nonprofit Climate Power. The IRA is the biggest climate bill ever passed by Congress and provides $369 billion in funding for initiatives like cutting emissions, manufacturing clean energy products and advancing environmental justice initiatives. So far, 22 companies have unveiled plans for new or expanded EV manufacturing in Alabama, Oklahoma and Michigan. And an additional 24 companies have released plans to expand wind and solar manufacturing in Colorado, Ohio and Texas.

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