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This is the moment Trump changed American politics
  + stars: | 2024-05-04 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +7 min
CNN —Being elected president shortly after surviving the publication of the leaked “Access Hollywood” tape in 2016 is the moment in which Donald Trump defied political gravity. The ‘Access Hollywood’ tape reexaminedTrump’s 2016 victory in the Electoral College seems only more improbable in the retelling. It is worth revisiting the earthquake the “Access Hollywood” tape set off in the 2016 campaign. Return of the tapeNow, the “Access Hollywood” tape is back. Video Ad Feedback Trump asked if he stands by comments from 'Access Hollywood' tape.
Persons: CNN —, Donald Trump, Trump, Hope Hicks, Hicks, , , crassly, Billy Bush, Bush, Sen, Mike Lee of, Chris Christie, Paul Ryan, Reince Priebus, Christie, Steve Bannon, Melania, ” Trump, , Bill Clinton, WAZiGoQqMQ — Donald J, Hillary Clinton, James Comey’s, Clinton, Comey, Anthony Weiner, Michael Cohen, Stormy Daniels, Cohen, Daniels, Maggie Haberman, Jonathan Martin, CNN’s Kaitlan Collins, ’ ”, Collins, Feedback Trump, Bannon, Charlie Rose, Rose, Jean Carroll Organizations: CNN, Republican, Electoral, Washington Post, Republicans, Trump, New, New Jersey Gov, Republican National, Twitter, Democratic, The New York Times, CBS Locations: New York, Mike Lee of Utah, New Jersey
New York CNN —Wednesday’s Federal Reserve policy decision will likely be pretty boring for investors — officials are widely expected to keep interest rates the same, just as they have since July 2023. They think that the Fed may curtail its quantitative tightening (QT) program — that’s the selling off of its assets to decrease money supply and increase interest rates — by as much as half. Those purchases ended up pushing down interest rates in certain parts of the economy, like housing and auto sales. That led to a “repo crisis”, where the interest rates for overnight loans between banks spiked unusually high. That’s because a taper should send bond prices higher, and interest rates lower.
Persons: there’s, Jamie Dimon, Jerome Powell doesn’t, Krishna Guha, Marco Casiraghi, , Bill Adams, Biden, reclassify, General Merrick Garland, Xochitl Hinojosa, , Nancy Mace, Earl Blumenauer, ” Read, Zhao, Allison Morrow, ” Binance Organizations: CNN Business, Bell, New York CNN, Fed, JPMorgan Chase, Comerica Bank, Bank of America, CNN, US Department of Justice, Federal Register, Congress, Associated Press, Republican, CZ, Binance, Bloomberg Locations: New York, South Carolina, Oregon, Seattle
The US Department of Justice is expected to recommend that marijuana be rescheduled as a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. The standard rulemaking process is lengthy, is subject to a public comment period, and could take months to complete. However, rescheduling marijuana will not solve that federal-state conflict, the Congressional Research Service noted in a January 16 brief. States with medical marijuana programs do currently have some federal protections in place via appropriations legislation that restricts the Justice Department from interfering in those programs. The FDA’s scientific and medical evaluation of marijuana did not address products containing plant-derived cannabidiol, commonly known as CBD.
Persons: CNN —, Biden, General Merrick Garland, Joe Biden Organizations: CNN, US Department of Justice, Associated Press, White, Office of Management, US Health, Human Services, Food and Drug, Justice Department, Staff, National Institute on Drug, Delta, National Conference of State Legislatures, Congressional Research Service, CRS Locations: Colorado
Trade Roots, a Wareham-based Cannabis dispensary grows cannabis plants for making CBD with THC in their greenhouse, and manufactures CBD products for sale in their shop and distribution to buyers. Cannabis stocks leapt on Tuesday afternoon, buoyed by a Biden administration decision to ease federal restrictions on marijuana. The U.S. Drug Enforcement Administration is expected to approve an opinion by the Department of Health and Human Services to reclassify marijuana as a Schedule III substance, NBC News reported, citing four sources with knowledge of the decision. Marijuana has been labeled a Schedule I substance for more than 50 years, the same as methamphetamine and heroin. Investors in cannabis stocks cheered the move, with the AdvisorShares Pure US Cannabis ETF (MSOS ) surging nearly 20% in afternoon trading.
Organizations: U.S . Drug, Department of Health, Human Services, NBC News, Marijuana, Drugs, Cannabis ETF Locations: Wareham, U.S
It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.
Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN
"DOJ continues to work on this rule," a Biden administration official said. "No one should be jailed for using or possessing marijuana," the president said during the speech. "Reclassifying marijuana as a Schedule III drug sends the message that marijuana is less addictive and dangerous now than ever before. US President Joe Biden speaks during the White House Correspondents' Association (WHCA) dinner at the Washington Hilton, in Washington, DC, on April 27, 2024. Nearly six in ten Americans say that marijuana should be legal for medical and recreational purposes, according to a Pew Research poll last month.
Persons: John Tlumacki, Biden, Joe Bidens, Tom Williams, Joe Biden, Barack Obama's, Jim Cole, Obama, Cole, Kevin Sabet, Brendan Smialowski, Brad Horrigan Organizations: Delta, Trade, Boston Globe, NBC, Drug, Department of Health, Human Services, DOJ, Biden, Internal Revenue, Justice's, DC Marijuana Justice, CQ, Inc, Getty, State, National Cannabis Roundtable, NBC News, Smart, Marijuana, Obama Administration, White, Correspondents ' Association, Washington Hilton, AFP, Management, CRA, Pew Research, Florida Supreme, Tribune, Service Locations: Wareham, deducting, New York, California, Washington ,, Florida
Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.
Persons: , AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio
Cannabis stocks soared on Tuesday after the AP reported that the DEA will soon reclassify marijuana. The move would ease restrictions on cannabis and acknowledge that it has medicinal benefits. According to the report, the DEA decision would be sent to the White House Office of Management and Budget for review. AdvertisementCannabis stocks soared on Tuesday after the AP reported that the US Drug Enforcement Administration is on the verge of reclassifying marijuana. Shares of Canopy Growth soared 37%, Village Farms stock soared 20%, and the AdvisorShares Pure Cannabis ETF jumped 18%.
Persons: Organizations: AP, White, Office of Management, Service, US Drug, Village, Cannabis
Biden administration to ease federal restrictions on marijuana
  + stars: | 2024-04-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration to ease federal restrictions on marijuanaCNBC's Brandon Gomez joins 'Power Lunch' to discuss the Biden administration's plan to reclassify marijuana, easing federal restrictions.
Persons: Brandon Gomez Organizations: Biden
One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.
Persons: Donald Trump, it’s, , Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, , Russell Vought, , you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, , Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia
London CNN —Uber will pay more than 8,000 taxi and hire car drivers in Australia almost 272 million Australian dollars ($179 million) in compensation for losses they suffered after the ride-sharing giant entered the country in 2012, lawyers representing the drivers said Monday. It has also made “significant contributions to various state-level taxi compensation schemes” in Australia since 2018, according to the company. Uber now teams up with taxi drivers in many countries. “This caused loss of income to authorized taxi drivers and operators, and hire car operators. In a statement on its website, Uber Australia said ride-sharing regulations did not exist anywhere in the world when it launched more than a decade ago.
Persons: London CNN — Uber, Maurice Blackburn, Uber, ” Maurice Blackburn, , ” Uber, , , Elizabeth O’Shea, Letitia James, Lyft, Dhruv Tikekar Organizations: London CNN, Maurice Blackburn Lawyers, New York Locations: Australia, — Victoria, New South Wales, Queensland, Western Australia, United States, United Kingdom, York
AdvertisementUnder the new policy, staff were told that from May almost all will be classified as either "hybrid," or "remote." Dell told BI in a statement that "in-person connections paired with a flexible approach are critical to drive innovation and value differentiation." The Dell worker lives about a 45-minute drive from the nearest office and works 10-hour shifts four days a week. AdvertisementAnother Dell worker told BI: "I would support that if I actually had team members that were local and would actually go on-site. Period," the senior Dell worker agreed.
Persons: , Dell, Dell who's, Michael Dell's, CRN, Michael Dell, Cary Cooper, Cooper, There's, Brandon Bell, there's Organizations: Service, Dell, BI, Dell . Dell Technologies, Dell Technologies, National Forum for Health, Getty, Employees, Workers, SEC Locations: Round Rock, United States, Dell, Germany
CNN —The Supreme Court’s conservatives pressed the Biden administration Wednesday to justify a federal ban on bump stocks, a device that can convert a semi-automatic rifle into a weapon that can fire far more rapidly. The ATF reclassified the devices as machine guns in 2018. “And through many administrations, the government took the position that these bump stocks are not machine guns.”The court’s liberals seemed more certain the devices fell within what Congress intended when it banned machine guns. “That’s exactly what bump stocks do, as the Las Vegas shooting, vividly illustrated.”Justice Samuel Alito asked the attorney representing the ban’s challenger, Michael Cargill, if he could imagine the reasons why a lawmaker might ban machine guns but not bump stocks. “Bump stocks can help people who have disabilities, who have problems with finger dexterity, people who have arthritis in their fingers.
Persons: Donald Trump’s, Brett Kavanaugh, ensnare, you’re, ” Kavanaugh, Biden, “ That’s, It’s, Barrett, Gorsuch, Amy Coney Barrett, ” Barrett, , Neil Gorsuch, ” Gorsuch, Elena Kagan, Kagan, ” Brian Fletcher, Fletcher, ” Fletcher, , Samuel Alito, Michael Cargill, Jonathan Mitchell, Sonia Sotomayor, ” Kagan, Alito Organizations: CNN, Biden, Trump, Alcohol, Tobacco, Firearms, Explosives, ATF, Las Locations: Vegas
Read previewTarget's swift and severe crackdown on workers who bought one of the trendy Stanley x Starbucks cups last month could lead to another headache — keeping its Starbucks cafés staffed up. Of the 11 recently fired Target employees who have discussed their situations in detail with Business Insider, six worked in their stores' Starbucks cafés, which operate under a license agreement with the coffee company. STLs also told BI that stores are shuffling workers between stores, as they have in the past, to help with coverage. "You have so much paperwork, you have to do so much training, you have to do everything a normal Target Team Lead does, plus all your Starbucks stuff." Barista Jessie Gage told BI she and five coworkers were fired, cutting her store's Starbucks team by half.
Persons: , STLs, Nickole Smith, weren't, Barista Jessie Gage, aren't, Christina Tavares, Dominick Reuter, Smith, It's Organizations: Service, Stanley, Starbucks, Business, BI, Target, Member Locations: Target's, Starbucks cafés
But gig delivery companies like DoorDash and Instacart say they don't plan to make any changes. AdvertisementIf you make deliveries as a gig worker, don't expect any changes from a new federal rule — at least, not immediately. But companies that rely on gig workers to make deliveries say they won't need to make any changes. Amazon, which employs gig workers through its Flex delivery arm, did not immediately respond to Business Insider's request for comment. Do you work for Instacart, DoorDash, Walmart Spark, Uber Eats, or another gig delivery service and have a story idea to share?
Persons: , Julie Su, Uber, Loyola University Chicago Professor Peter Norlander, I'm, Norlander Organizations: Service, Department of Labor, Labor, Department, Flex, Loyola University Chicago Professor, Wall Street, Walmart Locations: DoorDash
Wielding the power of federal law enforcement against political enemies. As he seeks a return to the Oval Office, former President Donald Trump and his allies have promised a sweeping transformation of the federal government that would wield the executive branch’s power in radical and unprecedented ways. However, none of these groups or individuals speak for President Trump or his campaign,” campaign advisers Susie Wiles and Chris LaCivita wrote in a statement. Trump’s campaign has recently brought on policy-focused hires who will help craft his policy messaging and eventually look at proposals from various conservative groups. “Stopping the invasion at our southern border is an urgent national security necessity and one of President Trump’s top priorities.
Persons: Donald Trump, arounds, Trump, Susie Wiles, Chris LaCivita, , , Joe Biden, Biden, , Stephen Vladeck, Trump’s, , ” Trump, Privately, He’s, Larry Kudlow Organizations: CNN, Office, Trump, Heritage Foundation, Justice Department, Univision, DOJ, University of Texas School of Law, National Security and Intelligence, Oracle, Pentagon, Department, National Guard, Fox Business Locations: Washington, United States of America, Florida, State, America, Mexico, China, United States
Trump would require every federal employee to pass a new civil service test of his own creation. His team is also vetting scores of potential hires who could be counted on to implement his policies or perhaps investigate Trump’s political enemies. Trump also would seek to bring independent regulatory agencies such as the Federal Communications Commission and the Federal Trade Commission under presidential control. EDUCATIONTrump has pledged to require America’s colleges and universities to “defend American tradition and Western civilization” and purge them of diversity programs. On the K-12 level, Trump would support programs allowing parents to use public funds for private or religious instruction.
Persons: Donald Trump, Ted Hendricks, Octavio Jones, Republican Donald Trump, Trump, AFFAIRS Trump, Israel, James Oliphant, Ted Hesson, Andy Sullivan, Jonathan Oatis Organizations: REUTERS, Rights, Republican, Trump, Federal Communications Commission, Federal Trade Commission, Democrats, Congress, U.S . Constitution, U.S, Supreme, AFFAIRS, Ukraine, Paris Climate Accords, Biden White, Justice Department, Thomson Locations: Hialeah , Florida, U.S, United States, China, Mexico, U.S ., Russia, Europe, Paris
Uber and Lyft agreed to pay a combined $328 million to settle allegations the ride-hailing companies unlawfully withheld wages from drivers and failed to provide mandatory paid sick leave in New York state, Attorney General Letitia James' office said Thursday. Uber will pay $290 million and Lyft will pay $38 million. The state AG's office said it's the largest wage-theft settlement it's won. The companies also agreed to ongoing changes in how they pay drivers and offer benefits in the Empire State. The minimum rate would apply from "dispatch to completion of the ride," according to a press release from the AG's office.
Persons: Dara Khosrowshahi, Uber, Lyft, Letitia James, it's, James, Lyft systemically, they'll Organizations: New York Stock Exchange, Empire State, Black, New York City, Drivers, CNBC, YouTube Locations: New York, Empire, New York City
HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Europe largest bank by assets also saw profit before tax for the quarter rise by $4.5 billion to $7.7 billion, mainly due to a higher interest rate environment. However, the numbers missed expectations by economists, who were forecasting a third quarter profit after tax figure of $6.42 billion and profit before tax of $8.1 billion. HSBC also attributed this to the higher interest rate environment, saying that it has supported growth in net interest income in all of its global businesses. For the nine months ended September, profit after tax stood at $24.33 billion, compared to $11.59 billion in the first nine months of 2022.
Persons: , NIM Organizations: HSBC Locations: Europe, France, 4Q23, Asia
Net neutrality, blunted under Trump, may soon be revived
  + stars: | 2023-10-19 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +3 min
Demonstrator on the issue of net neutrality at the U.S. Capitol February 27, 2018 in Washington, DC. Net neutrality is poised for a resurgence after the Federal Communications Commission voted Thursday to begin the process of reestablishing the so-called open internet rules. The vote revives a debate that last came to a head in 2017 when the agency voted to reverse the net neutrality rules created just a couple of years earlier. Republican Commissioner Brendan Carr pointed to statements from Democratic lawmakers in support of net neutrality and called the earlier campaign for the rules a "viral disinformation campaign." "We're now faced with advocates who can't accept that they won and that we have de facto net neutrality," Republican Commissioner Nathan Simington said.
Persons: Democrats Rosenworcel, Gomez, Geoffrey Starks, Carr, Simington, Jessica Rosenworcel, Anna Gomez, Biden, Gigi Sohn, Brendan Carr, We're, Nathan Simington, Rosenworcel, They're Organizations: U.S, Capitol, Federal Communications, Democrats, Democratic, Republican, Communications, Comcast, CNBC, White Locations: Washington ,, California, Sacramento
REUTERS/Athit Perawongmetha/ File Photo Acquire Licensing RightsBANGKOK, Oct 4 (Reuters) - Thailand will close legal loopholes relating to firearm classification and online sales in its gun control efforts, its police chief said on Wednesday, a day after a teenager was arrested following a deadly shooting at a mall that left two people dead. Existing Thai laws on the possession of illegal firearms carry a prison sentence of up to 10 years and a fine of up to 20,000 Thai baht($539.67). Laws have tightened after mass shootings in recent years in Thailand, including a requirement for a medical evaluation for those who want to buy a gun or renew their gun license. And in 2020, a soldier shot and killed at least 29 people in another northeastern Thai city. "The government should learn the lessons from past mass shooting incidents, review the proposed solutions and quickly implement them," Krisanaphong said.
Persons: Athit, Torsak Sukvimol, Torsak, Lazada, Krisanaphong, Panu, Poppy McPherson, Devjyot Ghoshal, Bernadette Baum, Alexandra Hudson Organizations: REUTERS, Rights, Authorities, Thailand's Channel, Rangsit University, Reuters, Singapore's, Alexandra Hudson Our, Thomson Locations: Siam, Bangkok, Thailand, Rights BANGKOK, Southeast Asia, Thai
CNN —A new draft law that would enshrine harsh punishments for women and girls who fail to wear a hijab in Iran could amount to “gender apartheid,” UN experts said in a statement on Friday. “The draft law could be described as a form of gender apartheid, as authorities appear to be governing through systemic discrimination with the intention of suppressing women and girls into total submission,” the experts said. The proposed legislation, which is currently under review by the Iranian parliament, would establish harsh penalties for women who refuse to wear the veil – including long jail sentences. The 70-article draft law also proposes stiff new penalties for celebrities and businesses who flout the rules and the use of artificial intelligence to identify women in breach of the dress code. The draft law came under review by Iranian authorities just weeks ahead of the one-year anniversary of the mass protests sparked by the death of Mahsa Amini, a young woman who died after being stopped by Iran’s morality police in Tehran.
Persons: , , Mahsa, Organizations: CNN, UN, Locations: Iran, Tehran
Shares of cannabis firms Cronos Group (CRON.TO), OrganiGram Holdings (OGI.TO), Aurora Cannabis (ACB.TO), Canopy Growth (WEED.TO) jumped between 6% and 25%. Verano Holdings (VRNO.CD), Green Thumb Industries (GTII.CD), Cresco Labs (CL.CD) and Curaleaf Holdings (CURA.CD) and Goodness Growth (GDNS.CD) rose between 15% and 37%. "Certainly moving cannabis off of Schedule 1 is the right decision and long overdue. The firm held investments in cannabis retailer and producer Green Thumb, and cannabis data platform Flowhub, according to its website. Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: cagey, Ty Collin, Patrick Rea, Green, Arunima Kumar, Sriraj Organizations: Cronos Group, OrganiGram Holdings, Verano Holdings, Green Thumb Industries, Cresco Labs, Curaleaf Holdings, Cannabis ETF, U.S . Department of Health, Human Services, Drug Enforcement Agency, Banking, Poseidon Garden Ventures, Thomson Locations: U.S, Aurora, Bengaluru
But automatically calling something cancer can lead to aggressive treatment, even if the cancer in question is unlikely to cause problems. For prostate cancer, a biopsy showing a grade of Gleason 6 (also known as Grade Group 1) is considered low or very low risk. In breast cancer, diagnosis of ductal carcinoma in situ, or DCIS, is similarly low or very low risk, representing the very earliest, noninvasive stage of the disease. These findings make up about 20 percent to 25 percent of all prostate and breast cancer diagnoses in the United States, involving about 100,000 people annually. Accordingly, many make the understandable choice of aggressive treatment they don’t require.
Persons: Gleason, Esserman Locations: United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreen Thumb Industries CEO talks HHS official's call to reclassify marijuana as low riskHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Brian Sullivan, Organizations: Thumb, CNBC
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