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☆ Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
▼ + stars: | 2024-05-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Biden's tariffs on China are a gesture to show the US will not accept another wave of Chinese imports, Paul Krugman wrote in an op-ed. The previous "China shock" was damaging to US employment, given the localized nature of US industry. China is relying on heavy production to manufacture its way out of an economic slump. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. "They're a shot across the bow — a signal that the United States won't accept a second so-called China shock, a surge of imports that could undermine crucial parts of the administration's agenda."

Persons: Paul Krugman, Biden's Organizations: Service, The New York Times, Business Locations: China, United

☆ A key sign of strength in Warner Bros. Discovery's latest earnings report would take a massive hit if TNT loses the NBA
▼ + stars: | 2024-05-10 | by ( James Faris | ) www.businessinsider.com time to read: +3 min

And while WBD's $0.40-per-share loss was 4 cents better than last year, it was still lower than analysts had hoped for. Warners added about 2 million net streaming subscribers globally in the first quarter, bringing its total to 99.6 million. There's a simple explanation for WBD's streaming ad growth despite modest subscriber additions: the advent of live sports on Max. As impressive as WBD's burgeoning streaming ad business looks now, it may be nothing more than a blip if Comcast's NBC outbids TNT for NBA media rights in the league's next TV deal. Suddenly, it seems like Zaslav is taking an even bigger risk by playing hardball with the NBA.

Persons: Discovery's, David Zaslav, Max, Warners, WBD, it's Organizations: Warner Bros, Business, NBA, Warners, Max, MLB, NHL, NBC, TNT, Media, UBS, hardball

☆ How Big Tech Companies Sabotage New Startups — From the Inside
▼ + stars: | 2024-04-01 | by ( Adam Rogers | ) www.businessinsider.com time to read: +14 min

They don't replace the tech giants — they just get bought by the tech giants. A new paper by two leading scholars suggests that these days, Big Tech doesn't have to resort to buyouts to crush aspiring startups. At this point, Big Tech looks at promising startups the way evil alien empires in science fiction look at helpless planets. The data that Big Tech shares — or doesn't share — can play an instrumental role in shaping a startup's work. Finally, the big companies use their clout on Capitol Hill in an effort to impose stricter regulations on the startups they're ostensibly trying to help.

Persons: that's, That's, Joe Biden, Mark Lemley, Matt Wansley, they're, Wansley, Who, Lemley, Sam Altman, Satya Nadella, Barbara Ortutay, Florian Ederer, Elon Musk, OpenAI, Marc Andreessen, watchdogs, Ederer, Anthropic, Adam Rogers Organizations: Apple, Meta, Microsoft, Federal Trade Commission, Justice Department, Big Tech, Stanford University, Cardozo School of Law, Google, Facebook, Star, Yale, London Business School, Tech, Boston University, titans, IBM, Dells, Business Locations: Silicon Valley, —

☆ Sam Altman's act may be wearing thin
▼ + stars: | 2024-03-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking into how some in Silicon Valley are starting to sour on OpenAI's Sam Altman . AdvertisementFrom hardball tactics when raising funds to relentless self-mythologizing about his role in the future of tech, Altman's act is wearing thin on some . Even VCs uninterested in AI deals are quickly becoming servants to Altman's AI empire. Big market, fall hard.

Persons: —, Baltimore's Francis Scott Key, Sam Altman, Alastair Grant, Rebecca Zisser, Darius Rafieyan, Altman, Elon Musk, à, Steve Jobs, VCs, Samantha Stokes, Eric Baradat, Torsten Slok, David Rosenberg, BofA, Drew Watson, Birkin, Abanti Chowdhury, Elon, Don Lemon, that's, Musk, Mark Zuckerberg, Google's, Meta, Dave Calhoun, Aaron Schwartz, Adam Neumann, Neumann, Robert F, Kennedy Jr, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Baltimore Fire Department, Tech, Apple Vision, NFL, ChatGPT, Kruze Consulting, Apollo Global Management, Federal Reserve, Bank of America, Abanti, Getty Images, Street Locations: Silicon Valley, Plenty, Big, Orlando, New York, London, Chicago

From 1985 to 2002, he worked at Goldman Sachs, one of the most storied — and criticized — investment banks on Wall Street. He famously swooped in to turn around the struggling IndyMac bank after its failure in the financial crisis of 2008. Earlier this month, Mnuchin jumped back into the headlines when his PE firm led a roughly $1 billion investment in embattled New York Community Bancorp. In 2009, OneWest Bank Group, where Mnuchin was chairman and CEO, bought the troubled IndyMac after federal regulators took over the bank. Mnuchin was Treasury secretary in 2020, when the Trump administration brokered a deal where Oracle and Walmart would take a large stake in TikTok.

Persons: Steven Mnuchin, Donald Trump’s, Goldman Sachs, Mnuchin, Max, Mnuchin's dealmaking, Robert Weissman, ” Weissman, Robert Rubin, Clinton, Weissman, couldn’t, NYCB, George Soros, John Paulson, OneWest, Kevin Kaiser, “, ” Kaiser, Maxine Waters, ”, Trump, doesn't, Chris Caulfield, ” Caulfield, ” ___ Rugaber Organizations: Trump, Public Citizen, Treasury, Treasury Department, Liberty Strategic Capital, Citizens, New York Community Bancorp, OneWest Bank Group, Federal, of Insurance Corp, FDIC, Wharton School, Oracle, Walmart, CNBC Locations: Wall, TikTok, Saudi Arabia, East, Washington, Congress, U.S, China, West Monroe, “

☆ Blocking Kroger’s mega-merger with Albertsons won’t save your local grocery store
▼ + stars: | 2024-02-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

High grocery prices helped scuttle the dealInflation at the grocery store loomed over the proposed merger. Over the past four years, grocery prices have risen significantly,” the FTC said in its lawsuit. Kroger had committed to invest $500 million in lower prices and $1.3 billion to improve Albertsons’ stores if the merger cleared. Yet consolidation in the grocery sector is growing, and small grocery stores are struggling. Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span.

Persons: it’s, Kroger, Ash, “, ” Greg Ferrara, Joe Biden, Lina Khan, Khan, Marc Perrone, ” Sen, Elizabeth Warren, ” Joe Feldman Organizations: New, New York CNN, Kroger, Albertsons ’, Albertsons, Walmart, FTC, Bureau of Labor Statistics, Albertsons Cos, Safeway, Bloomberg, Getty, Agriculture Department, Costco, Independent, National Grocers Association, Meta, Microsoft, Unions, Democrats, Food, Commercial Workers ’, ”, Top Democratic, Twitter, Aldi, Activision, Telsey Advisory Locations: New York, Scottsdale , Arizona

Hunter Biden’s appearance Wednesday represents the most significant testimony to date for the two congressional committees leading the impeachment inquiry into President Biden, a probe that’s heavily focused on Hunter Biden’s foreign business dealings. But it comes as a key allegation that launched the impeachment inquiry has been discredited. Sources familiar with terms negotiated between Hunter Biden’s team and congressional Republicans told CNN that Wednesday’s deposition will have several unique features that are different from the other interviews the committees have conducted to date. While Hunter Biden’s lawyers insisted that he would only testify publicly, Comer insisted that a public hearing would follow the private deposition. Republicans repeatedly pointed to Smirnov’s allegations as a reason for opening the impeachment inquiry into Joe Biden last fall.

Persons: Hunter Biden, Joe Biden’s, –, Hunter, Biden, Hunter Biden’s, James Comer’s, Comer, Joe Biden, Department’s, Alexander Smirnov, Jim Jordan, Jordan, Burisma, wouldn’t, Abbe Lowell, Lowell Organizations: Capitol, CNN, FBI, Republicans, GOP, Justice Department Locations: Washington

☆ UK-Canada trade deal: UK pulls out of post-Brexit negotiations
▼ + stars: | 2024-01-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Britain is finding out just how hard it can be to negotiate free trade deals, even with close allies and friends. Goods and services have continued flowing between the two countries under the terms of the EU-Canada free trade deal. But Britain had sought to negotiate a new trade deal with Canada that would improve upon the terms of the existing agreement. A key sticking point in the negotiations has been Britain’s refusal to relax a ban on hormone-treated beef, which at the moment effectively bars Canadian farmers from selling to British consumers. We remain open to restarting talks with Canada in the future,” a UK government spokesperson said in a statement.

Persons: King Charles, Britain, ”, Mary Ng, “, David Henig, we’ll Organizations: London CNN, European Union, NATO, —, Britain, EU . Goods, EU, Canada, Centre for International Political, CNN, Reuters, National Farmers ’ Union, BBC, “ Locations: Canada, United Kingdom, Britain, Brussels, “, England, Wales, “ Canada

☆ With Adams Vulnerable, Scott Stringer Explores Run for N.Y.C. Mayor
▼ + stars: | 2024-01-18 | by ( Nicholas Fandos | More About Nicholas Fandos | ) www.nytimes.com time to read: +1 min

Mr. Adams rolled back some of the most unpopular cuts to the city budget, but the updated spending plan he released on Tuesday still promised another year of hard fiscal choices. Mr. Adams has not been accused of wrongdoing, but the seizure of his electronic devices last year suggests a serious investigation that could result in charges against close allies, or even the mayor himself. In the interview, Mr. Stringer said Mr. Adams deserved the benefit of the doubt around the federal investigation. “It’s become clear to me over the last two years that New York City needs a new direction,” Mr. Stringer said. “We cannot move the city forward with what is a minimalist agenda.”He conceded that the flow of migrants had created a substantial financial burden for the city.

Persons: Adams, Stringer, It’s, ” Mr, “, ” Organizations: New Locations: Turkey, New York City

☆ Crypto ally Rep. Patrick McHenry fights for industry-backed regulation bill
▼ + stars: | 2023-11-30 | by ( Emily Wilkins | ) www.cnbc.com time to read: +1 min

WASHINGTON — One of crypto's most powerful allies in Congress is fighting this week to make sure that an industry-backed regulation bill gets tacked on to the must-pass defense funding legislation. If he is successful, Rep. Patrick McHenry's (R-N.C.) hardball tactics could hand the cryptocurrency industry a big win. The bill is intended to clarify how crypto is regulated by federal agencies. But McHenry's bill has never been put to a vote in the full House, let alone in the Senate. Instead, McHenry, who chairs the Financial Services Committee, is pushing to attach his bill to the massive annual Pentagon funding measure the National Defense Authorization Act.

Persons: Patrick McHenry, Patrick McHenry's, McHenry Organizations: Chamber, WASHINGTON —, Financial Services, Defense, Congressional Locations: Washington ,

☆ These 7 'rarest' personality types are the most successful, says CEO who interviewed 30,000 more than people
▼ + stars: | 2023-11-21 | by ( William Vanderbloemen | ) www.cnbc.com time to read: +4 min

Based on my interviews and conversations with CEOs, here are the seven types of successful personalities that are every company's dream:1. How to cultivate the Fast mindset: Make it clear that you value a quick response time. How to cultivate the Solver mindset: Language counts: rebrand problems as possibilities. How to cultivate the Self-Aware mindset: Don't take feedback personally; use it as a tool to become even better at your job. How to cultivate the Curious mindset: When challenges come up, ask questions before throwing out solutions.

Persons: I've, I'm, —, Steve Jobs, It's, you've Organizations: Unicorns

☆ Live Nation issued subpoena regarding ticketing, fees by US Senate panel
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

The logo and trading information for Live Nation Entertainment is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - Live Nation (LYV.N) and its subsidiary Ticketmaster is being sent a subpoena for documents regarding ticket pricing, fees and secondary sales, a U.S. Senate panel said on Monday. "Live Nation has egregiously stonewalled my Subcommittee’s inquiry into its abusive consumer practices — making the subpoena necessary," Senator Richard Blumenthal, Democratic chair of the U.S. Senate Permanent Subcommittee on Investigations, said in a statement. In a cover letter that accompanied the subpoena, Blumenthal said Live Nation had failed to fully comply with document requests sent in March. A Live Nation spokesperson said the company had provided "extensive information" to the subcommittee and met with staff several times.

Persons: Brendan McDermid, Taylor, Richard Blumenthal, Blumenthal, we’ve, Diane Bartz, Lisa Shumaker, David Gregorio Our Organizations: Live, New York Stock Exchange, REUTERS, Rights, Ticketmaster, U.S, Senate, hardball, Democratic, U.S . Senate, Investigations, Thomson Locations: New York, U.S

Gavin Newsom is the latest to find out that plans for a confident jump shot can turn into a torrent of online potshots. On a trip to China, the two-term Democrat took a detour from his official meetings on climate change to join a group of Beijing schoolkids for a game of basketball. Video circulating online shows Newsom wearing slacks, an open-collared shirt and dress shoes while towering over schoolchildren on the court. The governor playfully twirls a basketball on a fingertip, then executes a spin move as he heads toward the basket. “Newsom destroys kid during basketball game in China,” celebrity website TMZ tweeted.

Persons: —, Gavin Newsom, Newsom, Boris Johnson, Bill Clinton, Al Gore, John Kerry, ” George W, “, ”, “ Newsom, TMZ, Xi Jinping Organizations: ANGELES, Gov, pats, ” Fox News, America, Santa Clara University, Los Angeles Fox News Locations: China, Beijing, British, London, Japan, Scotland

Having dispatched their speaker then rejected two popular GOP figures as replacements, the House Republicans on Tuesday will be voting instead on a hodge-podge of lesser-known congressmen for speaker, a powerful position second in line to the presidency. No one is expected to emerge from first-round voting and Republicans are planning to stay behind closed doors until they can agree on a nominee. Launched over right-flank complaints about McCarthy's leadership in budget battles, it's no longer clear what the House Republicans are fighting for and if they will end up with a more acceptable speaker. Trump has intervened from the sidelines backing hard-charging Rep. Jim Jordan over Majority Leader Steve Scalise. “You’re gonna have to use persuasion.”Trump, brushing back suggestions that he take the gavel himself, suggested Monday that no one is capable of uniting the House Republicans.

Persons: Kevin McCarthy, “ We’re, ”, Dusty Johnson, There's, Kevin Hern of, Tom Emmer, Donald Trump, Byron Donalds of, Trump, — it’s, McCarthy, Joe Biden, —, Matt Gaetz, Mike Johnson, Jack Bergman of, Austin Scott of Georgia, Jordan, Pete Sessions, Gary Palmer of, Dan Meuser, Biden, Marjorie Taylor Greene, Nick LaLota, “, Emmer, Jim Jordan, Steve Scalise, can’t, Johnson, “ You’re, ” Trump, Jesus Christ, Patrick McHenry, Republicans —, McHenry, Jill Colvin, Holly Ramer Organizations: WASHINGTON, House Republicans, Republicans, Federal, Biden, Pete Sessions of Texas, New York Republican, Republican, Capitol Hill, Ohio, Financial Services, Associated Press Locations: Kevin Hern of Oklahoma, Minnesota, Byron Donalds of Florida, Israel, Ukraine, U.S, Mexico, Florida, Donalds, Louisiana, Jack Bergman of Michigan, Gary Palmer of Alabama, New Hampshire, South Dakota, R, Concord , New Hampshire

☆ Republicans: House circus embarrasses senior party leaders as the country and the world wait for a speaker
▼ + stars: | 2023-10-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

The uprising that began nearly three weeks ago with the toppling of Speaker Kevin McCarthy has now weakened three of the most powerful figures in the House GOP. Twisting colored squares together in the right order seems simple by comparison with attempts to unite a House Republican conference unable to comprehend how clownish it looks. “We need (a speaker) because the House can’t do anything without a speaker,” Senate Republican leader Mitch McConnell of Kentucky said on CBS’ “Face the Nation” Sunday. “This is probably one of the most embarrassing things I’ve seen because if we don’t have a speaker of the House, we can’t govern. “This is embarrassing for the Republican Party.

Persons: shutdowns, Jim Jordan, Steve Scalise, Kevin McCarthy, McCarthy, Scalise, Jordan, “, Mike Turner, Mitch McConnell, procrastinate, Joe Biden, Vladimir Putin, It’s, Donald Trump, Matt Gaetz, ”, Trump, Michael McCaul, ” McCarthy, Tom Emmer, Emmer, Kevin Hern of, Jack Bergman of, Austin Scott of Georgia, Byron Donalds of, Mike Johnson of, Pete Sessions, Dan Meuser, Gary Palmer of, Newt Gingrich –, GOP –, ” Gingrich Organizations: CNN — House Republicans, Republican Party, ”, Intelligence, Republican, Kentucky, CBS, Biden, GOP, The, Democratic, White, California Republican, Republicans, Trump, Florida, Foreign, Texas Republican, ABC, Press, Caucus, Marine, Jordan, Black Republicans, Pete Sessions of Texas, Committee, Fox News, firebrand Georgia Republican Locations: Washington, Israel, “ State, Ukraine, Kyiv, California, Texas, Minnesota, Kevin Hern of Oklahoma, Jack Bergman of Michigan, Byron Donalds of Florida, Mike Johnson of Louisiana, Pennsylvania, Gary Palmer of Alabama

☆ I was drowning in student-loan debt, so I bought a house and flipped it. I used the profit to pay off my loans.
▼ + stars: | 2023-10-22 | by ( Ryan Crawley | ) www.businessinsider.com time to read: +4 min

Since I couldn't pay down my debt, I bought a house, flipped it, and then sold it. I used the money I made to pay off all of my student loans, and now I feel free. Between rent, utilities, car insurance, and student loans, I was breaking even every month. I wondered how I could pay back my student loans within a few years instead of decades, and I started brainstorming ways I could save money. I immediately paid off all of my student loansWith the money from the sale, I brought my student-loan debt down to zero.

Persons: Sallie Mae, I'd, I'm Organizations: HGTV Locations: Lake Thunderbird , Illinois

WASHINGTON (AP) — Despite deepening opposition, Rep. Jim Jordan is expected to try a third vote to become House speaker, even as his Republican colleagues are explicitly warning the hard-edged ally of Donald Trump that no more threats or promises can win over their support. After two failed votes, Jordan's third attempt at the gavel is not expected to end any better. Jordan had backed the temporary speaker plan as a way to allow more time to shore up support in his own reach for the gavel. What this majority has done is prove it’s not a normal majority.”What was clear was that Jordan’s path to become House speaker was almost certainly collapsing. With Republicans in majority control of the House, 221-212, it appears there is no Republican candidate who can win a clear majority, 217 votes, to become speaker.

Persons: Jim Jordan, Donald Trump, Kevin McCarthy, Jordan, —, “ I’m, ”, Carlos Gimenez, Gimenez, Patrick McHenry, Jordan's, “, Chip Roy, We’re, Tom Cole, John Rutherford, “ it’s, Mariannette Miller, Meeks, Matt Gaetz, McCarthy, Gaetz, McHenry, ” McCarthy, Trump Organizations: WASHINGTON, Caucus, . House, Republican, Republicans, D.C, Democrats, North Carolina Republican, GOP, Trump, Biden, Ohio State University, Ohio State Locations: Jordan, Texas, R, Ohio, Iowa, Florida, Washington, McHenry

☆ When Courtly Love Goes Wrong, It’s Deadly
▼ + stars: | 2023-10-19 | by ( Tina Brown | ) www.nytimes.com time to read: +1 min

Compared to the dour, dutiful sewing circle serving Katherine of Aragon at the British court, the French matriarchs were pistols. “Anne found herself in a world in which women could exercise power in strikingly different ways,” write Guy and Fox. Stereotyped by convention as a conniving hustler bent on building the Boleyn brand, Thomas is positioned more interestingly here as a kind of geopolitical Zelig. It would prove the right time to catch the eye of the strapping 34-year-old king. Henry had never before encountered a woman as dazzling as Anne, with her French flair and intellectual self-confidence.

Persons: Katherine of Aragon, “ Anne, ”, Guy, Fox, Anne’s, Thomas, Henry VIII’s, Europe’s, Emperor Charles V, Pa Boleyn, Henry, Anne, Queen Katherine, Mary Boleyn, Katherine Locations: France, Pa, England, Europe

The wife of Rep. Don Bacon, R-Neb., has received anonymous, threatening text messages this week pressuring her to persuade her husband to support Jordan. Rep. Steve Womack, R-Ark., said his staffers have been "cussed out" in phone calls from Jordan supporters. But the bloc of roughly 20 anti-Jordan Republicans say that they aren't caving and that the hardball tactics are backfiring. Moments after Jordan was rejected on a second ballot for speaker Wednesday, Gimenez recounted a tense phone call with Jordan on Tuesday. Gimenez told reporters just off the House floor.

Persons: Jim Jordan, Jim Jordan's, Republican holdouts, Jordan, Don Bacon, Rep, Steve Womack, Carlos Gimenez, Jordan robocalls, Mariannette Miller, Meeks, she'd, Miller, Gimenez, they're, he's, you've, I'd, —, Kevin McCarthy, Jordan's Organizations: U.S, Capitol, Republican, GOP, Jordan Republicans Locations: Rayburn, Washington ,, Ohio, South Florida, Iowa

The House is tentatively set to convene sometime Thursday afternoon for Jordan to try again. The impasse has left some Republican lawmakers settling in for a protracted stretch without a House speaker. Political Cartoons View All 1211 ImagesWhat was clear was that Jordan's path to become House speaker was almost certainly lost. “The way out is that Jim Jordan has got to pull his name," said Rep. Don Bacon, R-Neb., who voted twice against him. With Republicans in majority control of the House, 221-212, Jordan must pick up most of his GOP foes to win.

Persons: —, Jim Jordan, Donald Trump, Jordan, “, ”, Kevin Hern, Patrick McHenry, ” Jordan, Kevin McCarthy, Don Bacon, “ He’s, McCarthy, Hakeem Jeffries, Steve Scalise, Newt Gingrich, John Boehner, ” Jeffries, McHenry, ” McHenry, Joe Biden, Mariannette Miller, Meeks, Biden, Scalise, Boehner, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republican, GOP, Republicans, Capitol, Democratic, Trump, Biden, Ohio State University, Ohio State, Associated Press Locations: R, Ohio, Israel, Jordan, New York, McHenry, Iowa, Ukraine

The vote for House speaker, once a formality in Congress, has devolved into another bitter showdown for the gavel. Bipartisan groups of lawmakers have been floating ways to operate the House by giving greater power to the interim speaker, Rep. Patrick McHenry, R-N.C., or another temporary speaker. The House had never ousted its speaker before McCarthy, and the lawmakers are in rarely tested terrain. “We can’t sit around and suck our thumbs and hope the world will wait until the House Republicans get their act together,” Gingrich told Fox News' Sean Hannity on his show. “Jim Jordan will be a great speaker,” the former president said outside a courthouse in Manhattan, where he is facing business fraud charges.

Persons: —, Jim Jordan, Donald Trump, Jordan, Jordan's, Kevin McCarthy, “ We're, ” Jordan, Hakeem Jeffries, Jeffries, Patrick McHenry, McCarthy, ”, Newt Gingrich, ” Gingrich, Sean Hannity, John Boehner, “, Hannity, “ Jim Jordan, Joe Biden, Jordan’s, Don Bacon, Murmurs, Steve Scalise, Mario Diaz, appropriator, Ken Buck, Biden, Trump, Kevin Freking, Mary Clare Jalonick Organizations: WASHINGTON, Republicans, Capitol, Democratic, GOP, Republican, Fox News, Trump, Democrat, Biden, Caucus, Ohio State University, Associated Press Locations: Ohio, New York, R, Manhattan, Ken Buck of Colorado, Jordan, Ukraine, Israel

It was unclear whether he would be able to unite his party enough to prevail in a floor vote expected on Tuesday. In a letter to Republicans, Jordan acknowledged those differences and promised to prioritize military and spending legislation. It was unclear how many Republican lawmakers still opposed Jordan's bid, sources familiar with internal Republican discussions said on Monday. 2 House Republican Steve Scalise, who won the endorsement last week but then withdrew after he was not able to consolidate support. 3 House Republican Tom Emmer, conservative Representatives Kevin Hern and Byron Donalds as well as acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Republican Jim Jordan, whittling, Jordan, Kevin McCarthy's, Israel, Vern Buchanan, Republican Steve Scalise, Chip Roy, Erik Erickson, Andy Ogles, McCarthy, TRUMP, Donald Trump, John Boehner, Paul Ryan, Republican Tom Emmer, Kevin Hern, Byron Donalds, Patrick McHenry, David Morgan, Makini Brice, Moira Warburton, Susan Heavey, Katharine Jackson, Andy Sullivan, Scott Malone, Deepa Babington, Grant McCool, Nick Zieminski Organizations: U.S . House, Republican Conference, Republican, Republicans, WSB Radio, Caucus, Thomson Locations: WASHINGTON, Ukraine, Jordan, States

☆ Hardline Republican Jim Jordan pushes bid for US House speaker
▼ + stars: | 2023-10-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

Jordan is due to address House Republicans behind closed doors at 6:30 pm EST (2230 GMT) on Monday, before a possible floor vote for speaker at noon EST (1600 GMT) on Tuesday. NARROW MARGINJordan needs 217 Republican votes to be elected speaker on the floor over Democratic opposition, meaning that he can afford to lose no more than four party votes from a slim 221-212 House Republican majority. 2 House Republican Steve Scalise was forced to withdraw from the speaker's race a day after being chosen as the party's first nominee, due to opposition from Jordan supporters. Others worry that the speaker's contest shows House Republicans to be at the mercy of an insidious strain of dysfunction. 3 House Republican Tom Emmer, conservative Representatives Kevin Hern and Byron Donalds as well as acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Republican Jim Jordan, Kevin McCarthy's, Israel, Jordan, Mike Rogers, McCarthy, Hakeem Jeffries, NBC's, Mike Turner, Republican Steve Scalise, Vern Buchanan, Jordan's, We've, Dan Crenshaw, TRUMP, Donald Trump, It's, Jesus couldn't, Kevin, Thomas Massie, John Boehner, Paul Ryan, Republican Tom Emmer, Kevin Hern, Byron Donalds, Patrick McHenry, David Morgan, Andy Sullivan, Scott Malone, Deepa Babington, Grant McCool Organizations: U.S . House, Republican Conference, Republican, Republicans, Democratic, CBS, Ohio Republican, CNN, Trump, Caucus, Thomson Locations: WASHINGTON, Ukraine, Washington, Ohio, Jordan

☆ Hardline Republican Jim Jordan to push bid for US House speaker
▼ + stars: | 2023-10-16 | by ( David Morgan | ) www.reuters.com time to read: +6 min

House Republicans are expected to meet behind closed doors on Monday and plan a floor vote for speaker at noon EST (1600 GMT) on Tuesday. "I would prefer there to be a Republican solution," Representative Mike Turner, who backs Jordan, told CBS' "Face the Nation." NARROW MARGINJordan needs 217 Republican votes to be elected speaker on the floor over Democratic opposition, meaning that he can afford to lose no more than four party votes from a slim 221-212 House Republican majority. Others worry that the speaker's contest shows House Republicans to be at the mercy of an insidious strain of dysfunction. 3 House Republican Tom Emmer, conservative Representatives Kevin Hern and Byron Donalds as well as acting Speaker Patrick McHenry, who is presiding over the speaker election.

Persons: Jim Jordan, Republican Jim Jordan, Kevin McCarthy's, Jordan, McCarthy, Hakeem Jeffries, NBC's, Mike Turner, Turner, Republican Steve Scalise, Vern Buchanan, Jordan's, We've, Dan Crenshaw, TRUMP, Donald Trump, It's, Jesus couldn't, Kevin, Thomas Massie, John Boehner, Paul Ryan, Republican Tom Emmer, Kevin Hern, Byron Donalds, Patrick McHenry, David Morgan, Scott Malone, Deepa Babington Organizations: U.S . House, Republican Conference, Republican, Republicans, Democratic, CBS, Ohio Republican, CNN, Texas Republican, Trump, Caucus, Thomson Locations: WASHINGTON, Israel, Ukraine, Washington, Ohio, Jordan

☆ Tycoon’s lithium grab leaves investors hanging
▼ + stars: | 2023-10-16 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Australia’s richest person has stifled Albemarle’s (ALB.N) A$6.6 billion ($4.2 billion) pursuit of lithium producer Liontown Resources (LTR.AX) with deft use of the country’s takeover rules. At A$3 a share, the offer represented a near-100% premium to Liontown’s undisturbed price. And because she never paid more than the A$3 a share Albemarle put on the table, her share purchases did not count as a superior offer. CONTEXT NEWSU.S.-based lithium producer Albemarle on Oct. 16 said it has abandoned its A$6.6 billion ($4.2 billion) offer for smaller Australian rival Liontown Resources, citing “growing complexities associated with the proposed transaction” as a reason. The firm said that in building its stake it never paid more than A$3 per share, the same price as Albemarle’s takeover offer.

Persons: Gina Rinehart, Kent Masters, Rinehart, Albemarle, Masters, Liontown, Kathleen, It’s, Hancock, Lisa Jucca, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, Liontown, Kent, Liontown Resources, Thomson Locations: Western Australia, Hancock, Liontown

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