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☆ Biden confronts 2024 weak spots with young, Black voters at Morehouse commencement
▼ + stars: | 2024-05-19 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

U.S. President Joe Biden addresses Morehouse College graduates during a commencement ceremony in Atlanta, Georgia, U.S., May 19. Biden's commencement address at Morehouse comes as recent polling has showed Black voters, especially young ones, have weakening enthusiasm for the president. Meanwhile, former President Donald Trump's support from Black voters has increased by 9 percentage points. But Biden still has the majority of support among Black voters, at 69% vs. Trump's 18%. Vice President Kamala Harris has spent years reaching out to Black voters over the course of Biden's first term.

Persons: Joe Biden, Morehouse, Donald Trump's, Biden, Biden's, Sebastian Gordon, Kamala Harris, Wally Adeyemo, Steven Horsford, Harris, Adeyemo Organizations: Morehouse College, Morehouse, Black, NBC, NBC News, White House, Georgia, NAACP, state's Democratic, Biden Locations: Atlanta , Georgia, U.S, Gaza, Black, Atlanta, Israel, Detroit, Nevada, Wisconsin

Associate Supreme Court Justice Clarence Thomas arrives for the swearing-in ceremony of Neil Gorsuch as an Associate Supreme Court Justice in the Rose Garden of the White House, Washington, D.C., April 10, 2017. Two leading Democratic senators are pressing Supreme Court Justice Clarence Thomas to say whether he repaid a wealthy friend any of the principal for a $267,230 loan he used to buy a luxury motorhome. The letter to Thomas's lawyer, dated Tuesday, raises questions about potential tax violations by the conservative justice, who is the longest-serving member of the Supreme Court. Democrats point to reports that his wife, Ginni Thomas, took part in efforts to overturn the results of the 2020 election. The Supreme Court heard arguments in Trump's immunity appeal on April 25, with Thomas on the bench.

Persons: Clarence Thomas, Neil Gorsuch, Ron Wyden, Sheldon Whitehouse, Thomas, Anthony Welters, Prevost Le, Wyden, Elliot Berke, Whitehouse, Justice Thomas, Welters, Berke, ProPublica, Harlan Crow, Harlan, Donald Trump, Ginni Thomas Organizations: Justice, White House, D.C, New York Times, Finance Committee Locations: Rose, Washington, Welters

☆ DOJ charges brothers with $25 million Ethereum heist that took 12 seconds
▼ + stars: | 2024-05-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: 1 min

The Department of Justice on Wednesday announced the indictment of two brothers for allegedly stealing $25 million in cryptocurrency within roughly 12 seconds. DOJ called it a "first-of-its kind" fraud, detailing the seconds-long scheme where the brothers allegedly manipulated the Ethereum blockchain to redirect pending transactions and steal $25 million. "As we allege, the defendants' scheme calls the very integrity of the blockchain into question," said U.S. Attorney Damian Williams for the Southern District of New York in a statement. Anton Peraire-Bueno, 24, and James Pepaire-Bueno, 28, were arrested on Tuesday for charges of wire fraud and money laundering. The Pepaire-Bueno brothers studied math and computer science "at one of the most prestigious universities in the country," according to the DOJ.

Persons: Damian Williams, Anton Peraire, James Pepaire, Bueno Organizations: Justice, Wednesday, DOJ, Southern, of Locations: cryptocurrency, of New York

☆ 'Make my day pal': Biden challenges Trump to two debates under special conditions, Republican accepts
▼ + stars: | 2024-05-15 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. President Joe Biden on Wednesday challenged former Donald Trump to two head-to-head debates before the November election, with several special conditions. Both proposed showdowns would be held without the involvement of the non-partisan commission that typically organizes presidential debates. "Just tell me when, I'll be there," wrote Trump. " During the 2020 debates, Biden and Trump regularly broke out into shouting matches as they each tried to get a word in edgewise.

Persons: Donald Trump, Joe Biden, Biden, Trump, Donald, Jen O'Malley Dillon, O'Malley Dillon, Trump's, Robert Kennedy Jr, doesn't Organizations: Democratic, Belmont University, Wednesday, Republican, CNN, Republican National Convention, Democratic National Convention, White, New York Times, American People Locations: Nashville , Tennessee, Democratic, York, Pennsylvania, Michigan, Wisconsin, United States

☆ China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.

Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC

☆ Biden raises tariffs on $18 billion of Chinese imports: EVs, solar panels, batteries and more
▼ + stars: | 2024-05-14 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden meets Chinese President Xi Jinping on the sidelines of the G-20 leaders' summit in Bali, Indonesia, on Nov. 14, 2022. The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. Starting this year, President Joe Biden will quadruple tariffs on imported Chinese electric vehicles, from 25% to 100%. And tariffs on some Chinese steel and aluminum imports will increase more than three-fold, from 7.5% today up to 25%. First-time tariffs will be imposed on Chinese imports of medical needles and syringes, as well as massive ship-to-shore cranes, the White House said in a fact sheet.

Persons: Joe Biden, Xi Jinping, Biden, Katherine Tai Organizations: . Trade Locations: Bali , Indonesia, China

☆ 10 states with the biggest Biden infrastructure funding include key battlegrounds
▼ + stars: | 2024-05-13 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden delivers remarks as part of his Investing in America agenda, during a visit to Gateway Technical College in Sturtevant, Wisconsin, U.S., May 8, 2024. Kevin Lamarque | ReutersThe Biden administration has announced $537 billion in infrastructure investments since the passage of landmark government funding bills, such as the Bipartisan Infrastructure Law, CHIPS Act and the Inflation Reduction Act. New state-by-state White House data released Monday offers a holistic portrait of how President Joe Biden has so far doled out that funding across the country. Several of the biggest awards went to battleground states that will be pivotal to the 2024 presidential election. US President Joe Biden visits the John A. Blatnik Memorial Bridge in Superior, Wisconsin, on January 25, 2024.

Persons: Joe Biden, Kevin Lamarque, Biden, Natalie Quillian, Mandel Ngan, Donald Trump, John A, Saul Loeb Organizations: Gateway Technical College, Reuters, Infrastructure Law, White, House, AFP, Getty Images, Trump, Commerce Department, Treasury Department, Federal Communications Commission, Law, Getty Locations: Sturtevant , Wisconsin, U.S, California, Texas, York, Florida, Pennsylvania, Illinois, Arizona, Maryland, Ohio, Michigan, Fern, Pittsburgh , Pennsylvania, Getty Images Pennsylvania, . Georgia, Superior , Wisconsin

☆ Donald Trump shuts down rumors about considering Nikki Haley for vice president
▼ + stars: | 2024-05-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Ambassador to the United Nations Nikki Haley (L) and Former U.S. President and Republican presidential candidate Donald Trump, campaigning in New Hampshire on Jan. 23rd, 2024. Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option. The comment came several hours after Axios reported that Haley was in the Trump campaign's vice president conversation, citing two anonymous sources. Haley's wealthy donor base could help Trump make up his fundraising problems, which are compounded by legal fees related to several ongoing lawsuits. "Now when I say that, that probably means that she's not going to be chosen as the vice president."

Persons: Nikki Haley, Donald Trump, Axios, Haley, Trump, Joe Biden's, Elise Stefanik, Sen, Tim Scott, Marco Rubio, Doug Burgum, Kristi Noem, Kim Jong, Trump's Organizations: U.S, United, Former U.S, Republican, Jan, Trump campaign's, Trump, GOP, North Dakota Gov, Doug Burgum . South Dakota Gov, North, Wisconsin Locations: New Hampshire, Doug Burgum ., North Korean

People visit St Mary's lighthouse in Whitley Bay to see the aurora borealis, commonly known as the northern lights, on May 10, 2024 in Whitley Bay, England. Skywatchers gathered to witness and snap photos of the aurora borealis, typically only visible in high north latitudes. This time, however, it stretched as far south as Louisiana due to the supercharge of some intense sun eruptions. On Thursday, the National Oceanic and Atmospheric Administration issued its first severe geomagnetic storm warning since 2005, serving as a heads-up about Friday's skylight show. Here is what the aurora looked like around the world:

Organizations: National Oceanic, Atmospheric Administration Locations: Mary's, Whitley Bay, Whitley Bay , England, Louisiana

☆ SEC Chair Gensler dodges Trump Media campaign finance questions
▼ + stars: | 2024-05-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Securities and Exchange Commission Chair Gary Gensler on Tuesday refused to comment on speculation of whether Trump Media is a funding organ for Donald Trump's presidential campaign. "What's important is that their disclosures are accurate and that folks aren't in the market front-running or trading on insider information." As the majority shareholder, Trump stands to gain the largest financial boost from DJT upswings. On Friday, Trump's stake added 36 million more shares to his existing 78.8 million, due to a clause in the company's contract that unlocks bonus shares as the stock hits certain checkpoints. Given that bump, Trump's stake had a paper value of over $5 billion at Tuesday's market open.

Persons: Gary Gensler, Donald Trump's, I'm, Gensler, Trump, upswings, Trump's Organizations: Securities, Exchange, Trump Media, Nasdaq, Trump

☆ Biden set to meet with executives from Citi, United Airlines, Marriott and others
▼ + stars: | 2024-05-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

US President Joe Biden speaks about his Investing in America agenda at the Wilmington Convention Center in Wilmington, North Carolina, on May 2, 2024. President Joe Biden is set to meet Tuesday afternoon with a slate of executives from a variety of industries, some of which have been the targets of his regulatory agenda. The guest list includes United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott International CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Group CEO Brendan Bechtel, former Xerox CEO Ursula Burns and Corning CEO Wendell Weeks, according to a White House official. Biden is planning to discuss his "strategy of investing in America and rebuilding international alliances," the official said in a statement. And as part of a broader siege against what Biden calls "junk fees," the White House has issued rules prohibiting certain fees from airlines and credit card companies.

Persons: Joe Biden, Scott Kirby, Jane Fraser, Roger Altman, Anthony Capuano, Revathi Advaithi, Brendan Bechtel, Ursula Burns, Corning, Wendell Weeks, Biden Organizations: Wilmington Convention, United Airlines, Citi, Marriott International, Flex, Bechtel, Xerox, White, Federal Trade Commission, Department Locations: Wilmington, Wilmington , North Carolina, America

☆ Hamas says it accepts cease-fire proposal from Egyptian, Qatari mediators, as U.S. and Israel review details of plan
▼ + stars: | 2024-05-06 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Hamas said it told Egyptian and Qatari negotiators that it has approved a cease-fire proposal to halt the war in Gaza. Israel is examining the proposal that Hamas approved and has not confirmed whether it would accept or reject it, an Israeli official told NBC News. Hostage release negotiations intensified over the weekend, with facilitation from U.S. CIA Director William Burns, alongside mediators from Egypt and Qatar. U.S. officials have repeatedly warned Israel against an offensive in Rafah, where millions of civilians have taken refuge. President Joe Biden reiterated that stance on a half-hour Monday call with Israeli Prime Minister Benjamin Netanyahu, which took place before Hamas had announced its approval of a cease-fire proposal.

Persons: Ismail Haniyeh, Ashraf Amra, Daniel Hagari, Matthew Miller, William Burns, Burns, Joe Biden, Benjamin Netanyahu Organizations: Hamas, Anadolu, Egyptian, Qatari, NBC, Israel Defense Forces, Department, NBC News, CIA, Israeli Locations: Palestinian, Sakura, Istanbul, Turkiye, Gaza, Israel, Egypt, Qatar, Arab, Gaza's, Rafah

☆ Trump VP hopeful Kristi Noem suggests Biden's dog Commander should also be put down
▼ + stars: | 2024-05-05 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022. Republican South Dakota Gov. Kristi Noem implied that President Joe Biden's dog, Commander, should meet the same ill fate as her own 14-month-old dog Cricket, who she shot due to its aggressive behavior, as she revealed in her upcoming memoir. "Joe Biden's dog has attacked 24 Secret Service people. In the days since Noem's memoir anecdotes went public, the South Dakota governor has been doing damage control to save her VP bid.

Persons: Kristi Noem, Joe Biden's, Noem, Biden, vies, Donald Trump's, Newt Gingrich, Donald Trump Organizations: NRA, ILA, National Rifle Association, Republican South Dakota Gov, Cricket, CBS, Secret Service, South Locations: Houston , Texas, U.S, White, South Dakota

☆ Why election polls were so wrong in 2016 and 2020 — and what's changing to fix that
▼ + stars: | 2024-05-04 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Atkeson, a political scientist who researches election surveys and public opinion, has been conducting voter polls since 2004. She is currently a professor at Florida State University and has authored several books. "People were not answering their phones," Rachael Cobb, a political science professor at Suffolk University, told CNBC. Polarization and technology are among the obstacles that pollsters cite as complicating the task of taking accurate voter surveys. As a result, over the past several election cycles, polling organizations have made some major mistakes.

Persons: Ron DeSantis, Donald Trump, Nikki Haley, Lonna Atkeson, Atkeson, Rachael Cobb Organizations: Florida, Republican, Florida State University, CNBC, Suffolk University Locations: Loudon , New Hampshire

☆ DOJ charges 'Bitcoin Jesus' with $48 million tax fraud, seeks extradition
▼ + stars: | 2024-05-01 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

(Photo by Danny Lee/South China Morning Post via Getty Images)The Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor named Roger Ver. He came to be known as "Bitcoin Jesus," for getting in early on the digital currency and making a fortune. The DOJ alleges that in preparing those tax filings, Ver underrepresented his bitcoin holdings and evaded taxes on them. The United States is seeking his extradition to face trial on eight counts related to tax evasion, mail fraud and filing false tax returns. According to the indictment, the IRS used a strategy called "clustering analysis" to track the blockchain and identify Ver's bitcoin transactions.

Persons: Roger Ver, Danny Lee, Ver, Bryan Skarlatos, bitcoin Organizations: South China Morning, Getty, Justice Department, Internal Revenue Service, DOJ, CNBC, eBay, IRS Locations: South, California, Caribbean, St, Kitts, Nevis, U.S, Spain, United States, Pest

☆ Biden replaces Obama-era infrastructure protections to defend against Chinese cyberthreats
▼ + stars: | 2024-04-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Biden's new policy is largely a rewrite of the Obama administration's rule to safeguard U.S. critical infrastructure called the Presidential Policy Directive, or PPD-21, which was published in 2013. The effort to redraft that Obama-era infrastructure policy began over a year ago, in part to modernize it and keep up with hackers who have benefited from over a decade of technological advancement. The Biden administration has warned China not to help Russia in its invasion of Ukraine, or else the U.S. would be ready to act with sanctions. "We're aware now of the serious Chinese threat to our critical infrastructure, specifically prepositioning to disrupt or destroy critical infrastructure in the event of a major crisis," a senior administration official said. "The presidential policy directive that was created in 2013 didn't mention anything about CISA's role because we weren't created yet," a senior administration official said.

Persons: Joe Biden, Obama, cyberattacks, Christopher Wray, congressmembers, Wray, Biden's, Biden Organizations: White, Washington , D.C, Directive, FBI, Taiwan, of Homeland Security, Infrastructure Security Agency Locations: Washington ,, China, Russia, Ukraine, U.S, Taiwan

☆ Trump could drive inflation higher with his second-term economic agenda, analysts say
▼ + stars: | 2024-04-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Scott Olson | Getty Images News | Getty ImagesFormer President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. We have a ring around the country," Trump said in a TIME interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. Yet economists and Wall Street analysts agree that these plans would likely drive consumer prices higher. "A second Trump term could bring higher tariffs, attempts to weaken the dollar, even higher deficits, deportation of illegal immigrants, and other policies that could put upward pressure on inflation," Piper Sandler analysts wrote last week. Reached for comment, the Trump campaign said, "under President Trump, inflation was non-existent, gasoline was cheap, groceries were affordable, and the American Dream was alive and well."

Persons: Donald Trump, Scott Olson, Joe Biden, Trump, Jay Powell, Piper Sandler, Donald Trump's, Paul Ashworth, Wells Organizations: Clinton Middle School, Getty, Wall Street, Trump, Federal, Wall, Capital Economics, North, U.S ., Wells Locations: Clinton , Iowa, China, Mexico, South Carolina, North America

☆ Trump VP contender Kristi Noem stands by killing her dog Cricket amid bipartisan ridicule
▼ + stars: | 2024-04-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

South Dakota Governor Kristi Noem greets former U.S. President and Republican presidential candidate Donald Trump before he speaks at a South Dakota Republican party rally in Rapid City, South Dakota, U.S. September 8, 2023. Republican South Dakota Governor Kristi Noem on Sunday attempted to spin a controversial anecdote about killing her puppy, revealed in her upcoming memoir, into a case for her political deftness as she vies to become Donald Trump's vice presidential pick. Noem has spent the weekend dealing with ridicule from both Democrats and Republicans since those anecdotes became public. Florida Governor and former GOP presidential candidate Ron DeSantis posted a call to action for people to adopt rescue dogs. In March, the South Dakota governor posted an infomercial-style video for a Texas dentist appearing to act as a commercial testimony for the business, despite holding public office.

Persons: Kristi Noem, Donald Trump, Donald Trump's, Noem, Doug Burgum, Tim Scott, Elise Stefanik, Laura Loomer, Loomer, Joe Biden's, Biden, Kamala Harris, Ron DeSantis Organizations: Republican, South, South Dakota Republican, Republican South, Guardian, Cricket, North, Florida Governor, GOP Locations: South Dakota, Rapid City , South Dakota, U.S, Republican South Dakota, North Dakota, Florida, Washington, Texas

☆ Biden issues new rules for airlines to require automatic cash refunds, prohibit surprise fees
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The first rule requires airlines to be more transparent about extra fees. The second rule requires airlines to issue cash refunds automatically, rather than in response to customer requests. It will require that airlines list and explain all extra fees "clearly, conspicuously, and accurately" on their web platforms or when they provide fare prices offline. The new airline rules are the latest action in President Joe Biden's broader battle against what the White House calls "corporate rip-offs." "There are tens of billions of dollars in other junk fees across the economy, and I've directed my administration to reduce or eliminate them," Biden said in 2022.

Persons: Biden, Pete Buttigieg, Buttigieg, Joe Biden's, I've Organizations: Department of Transportation, Boeing, Alaska Airlines, United, White House Locations: Southwest

☆ Biden signs Israel, Ukraine, TikTok bill into law
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks after signing the foreign aid bill at the White House in Washington, DC, on April 24, 2024. President Joe Biden on Wednesday signed into law measures to provide aid to Israel, Ukraine and Taiwan, as well as force Chinese TikTok parent company ByteDance to sell the social media platform. It should have been easier and it should've gotten there sooner," Biden said Wednesday after signing the bill. Biden had signaled his intention to sign the bill into law after the House passed the proposal on Saturday. The law earmarks roughly $60 billion in aid for Ukraine, $26 billion for Israel and $8 billion for security in Taiwan and the Indo-Pacific.

Persons: Joe Biden, should've, Biden, TikTok Organizations: White, Capitol, Senate Locations: Washington ,, Israel, Ukraine, Taiwan, America, U.S

☆ House Speaker Johnson drowned out by booing crowds at Columbia University speech on Gaza protests
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

House Speaker Mike Johnson, R-La., struggled to get a word in edgewise Wednesday, battling a chorus of booing crowds during a speech at Columbia University where he condemned the ongoing student protests against Israel's bombardment of Gaza. "Enjoy your free speech," Johnson said tersely, pausing his prepared remarks to wait for the jeering to die down. Columbia Students for Justice in Palestine, a group that helped organize the protests, has said that any hate speech is not coming from its protesters but rather "inflammatory individuals who do not represent us." During Johnson's speech Wednesday, he called on Shafik to resign if she could not get a handle on the protests. After more than a week of bipartisan cooperation with Democrats to pass the aid bill, Johnson's Columbia speech appeared to be an attempt to bolster his conservative bona fides for his hardline GOP colleagues.

Persons: Mike Johnson, Johnson, tersely, Nemat, Shafik, Joe Biden, Biden, Marjorie Taylor Greene, fides, Virginia Foxx, Mike Lawler Organizations: U.S . House, Columbia University, Hamas, Israel's, Columbia, New York Police Department, Columbia Students, Justice, National Guard, Biden, GOP, Rep, Education, Workforce Locations: Israel, Palestinian, New York City, U.S, edgewise, Gaza, Columbia's, Palestine, Ukraine, Taiwan, Columbia

☆ U.S. Chamber of Commerce, business groups sue FTC over ban on noncompete clauses
▼ + stars: | 2024-04-24 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

The U.S. Chamber of Commerce and several other business groups on Wednesday sued the Federal Trade Commission in Texas federal court over the commission's vote to ban noncompete clauses, which are used to block employees from leaving to work for competitors in the same industry. On Tuesday, the FTC voted to enact the ban on the basis that noncompete clauses stifle the efficiency of the labor market, hinder competition and can lead to higher prices for consumers. The business groups claimed that the FTC's ban, "breaks with centuries of state and federal law." In addition to the Chamber of Commerce, the Business Roundtable, Texas Association of Business and Longview Chamber of Commerce are all plaintiffs in the suit. The FTC suggested that instead of relying on noncompete clauses, companies should look to other safeguards of information, like nondisclosure agreements.

Persons: Lina Khan, Douglas Farrar Organizations: House Energy, Commerce, U.S . Chamber of Commerce, Wednesday, Federal Trade Commission, Federal, U.S . Chamber, Eastern District of Texas, Chamber of Commerce, Business Roundtable, Texas Association of Business, Longview Chamber, FTC, CNBC Locations: Texas, Eastern District

☆ Senate advances long-awaited aid for Israel, Ukraine, Taiwan, and TikTok bill
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Senators passed a crucial procedural vote with wide bipartisan support, signaling that the foreign aid package has the strength to pass a final vote. The funding includes roughly $60 billion for Ukraine aid, $26 billion for Israel and $8 billion for Taiwan and Indo-Pacific security. Spending-wise, the legislation is similar to the $95 billion foreign aid bill passed by the Senate in February, which has been effectively shelved in the House in the weeks since. TikTok has pushed back on this proposal since the House passed it over the weekend. Those political threats, along with an increasingly razor-thin House Republican majority led Johnson to effectively table the Senate's $95 billion foreign aid bill for weeks.

Persons: Charles Schumer, Chuck Schumer, Joe Biden, TikTok, Biden, Marjorie Taylor Greene, Mike Johnson, Johnson, Iran's, Donald Trump's, Trump, John Fredericks Organizations: U.S, Capitol, Senate, NBC News, House Republicans, Rep, Republican Locations: Israel, Ukraine, Taiwan

☆ FTC votes to ban noncompete clauses that bar employees from working for competitors
▼ + stars: | 2024-04-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Federal Trade Commission Chair Lina Khan testifies before a House Judiciary Committee hearing on Oversight of the Federal Trade Commission, on Capitol Hill in Washington, D.C., July 13, 2023. The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry. The FTC estimates that 30 million American workers, or roughly 18%, are currently subject to a noncompete. The FTC initially proposed the noncompete ban in January 2023. Meanwhile, business trade groups claim that noncompetes help preserve intellectual property and company secrets.

Persons: Lina Khan, Joe Biden, Joe Biden's, Biden Organizations: Federal Trade, Federal Trade Commission, Capitol, Washington , D.C, Federal, U.S . Chamber of Commerce, Workers, FTC, Department, DOJ Locations: Washington ,, U.S

Charly Triballeau | AFP | Getty ImagesBillionaire donors like Robert Kraft and Leon Cooperman are weighing their support for Columbia University amid rising campus tensions over pro-Palestinian protests. "Columbia is grateful to Mr. Kraft for his years of generosity and service to Columbia," a Columbia spokesperson said in a statement to CNBC. Cooperman and Kraft so far, represent a minority of wealthy Columbia University donors who are speaking out on the protests. CNBC reached out to half a dozen foundations listed by Columbia University as having given at least $1 million to the school since 2014. Students protest in support of Palestinians on Columbia University campus, as protests continue inside and outside the university, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York City, U.S., April 22, 2024.

Persons: Bruce A Blakeman, Charly Triballeau, Robert Kraft, Leon Cooperman, Kraft, Nemat, Shafik, Roger Goodell, Austin McAfee, Cooperman, James Gorman, Morgan Stanley, David Greenspan, Leon Cooperman Scott Mlyn, University President Shafik, Caitlin Ochs Organizations: Nassau, Columbia University, AFP, Getty, Columbia, New England Patriots, Georgia World, Center, Kraft Group, Foundation, Combat, Kraft Center for Jewish, The Kraft Group, CNBC, Omega Family, Columbia Business School, Slate, CNBC Columbia Students, Justice, New York Police, NYPD, University President, Students, Columbia University campus, Hamas Locations: New York, Columbia, Gaza, Atlanta, Palestine, Israel, Palestinian, New York City, U.S

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