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☆ Buy these 14 stocks set to benefit most from the surge in year-end holiday spending: Morgan Stanley
▼ + stars: | 2024-11-14 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Here are 14 companies that will benefit from the upswing, according to Morgan Stanley. Advertisement"This holiday season is likely to see stronger spending than last," Morgan Stanley strategists led by Michelle Weaver wrote in a November 13 note, citing sentiment from her firm's economists. Morgan StanleyHowever, that's not to say that all companies will equally enjoy that surge in holiday spending. AdvertisementIn the note, Weaver and her team outlined 16 companies with significant exposure to holiday spending, though only 14 of those stocks have bullish ratings from Morgan Stanley analysts. Each is accompanied by its ticker, market capitalization, price-to-earnings (P/E) ratio, industry, and commentary about that industry from Morgan Stanley.

Persons: Morgan Stanley, Michelle Weaver, Morgan Stanley Holiday, Rich, Weaver, they'd, Morgan, haven't, that's Organizations: National Retail Federation, Black

☆ These Trump loyalists named to roles in the new administration once flocked to a courtroom for his criminal trial
▼ + stars: | 2024-11-14 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

Four of the Trump loyalists who rallied behind him during the trial have already been tapped for roles in the president-elect's incoming administration. AdvertisementThose Trump allies include:JD Vance attended Trump's hush-money trial. AdvertisementGaetz was among an entourage of rank-and-file House Republicans who showed up at Trump's hush-money trial in support of the then-presidential hopeful. AdvertisementVivek Ramaswamy called Trump's hush-money trial "a politicized persecution" when he showed up at the courthouse. The congressman supported Trump in court during the hush-money trial on May 16.

Persons: Donald Trump, JD Vance, Matt Gaetz, Vivek Ramaswamy, Mike Waltz, Trump, —, Mark Peterson, Vance Ohio Sen, Vance, Michael Cohen, Cohen, Trump's, Victor J, Matt Gaetz Trump, Gaetz, Curtis Means, Elon Musk, Ramaswamy, Michael M, Mike Waltz Trump, Waltz Organizations: Service, Trump, Florida, Vivek, GOP, Department of Government, NY Locations: Manhattan, Washington

☆ Matt Gaetz would oversee US prisons as AG. He thinks El Salvador’s hardline lockups are a model
▼ + stars: | 2024-11-14 | by ( David Culver | Rachel Clarke | ) edition.cnn.com time to read: +4 min

CNN —As he stood inside the echoing hall of the prison, Matt Gaetz seemed impressed. It was July, and Gaetz — who will oversee the Federal Bureau of Prisons if he becomes attorney general — was visiting El Salvador’s notorious Terrorism Confinement Center (Cecot), where gang leaders and murderers are locked up and from which they are never released. “This is the solution” for El Salvador, Gaetz added, in a video released by Bukele. That trip came just a month after Gaetz, Donald Trump Jr. and others traveled to Bukele’s second inauguration. Gaetz founded a congressional El Salvador caucus with Democratic Rep. Vicente Gonzalez of Texas in July in a rare moment of bipartisanship.

Persons: Matt Gaetz, “, ”, Gaetz, Donald Trump’s, Gaetz —, —, El Salvador’s, El, Nayib Bukele, Trump, Bukele —, Bukele, Donald Trump Jr, Vicente Gonzalez Organizations: CNN, Federal Bureau of Prisons, El, Supreme, Time Magazine, Democratic Rep, Vicente Gonzalez of Texas, Representatives, State Department Locations: United States, El Salvador, Central, South America

☆ These mutual funds are about to drop a tax surprise in investors’ portfolios. How to prepare
▼ + stars: | 2024-11-14 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Hefty capital gains tax bills could be around the corner for investors in certain mutual funds. Fund families are notifying shareholders of estimated capital gains distributions for 2024, which they will issue to investors in December. This year has been a strong one for stocks, with the S & P 500 up more than 25%, and double-digit distributions from some mutual funds are on deck. See below for a few funds that are expected to spin out double-digit capital gains distributions this year, per Morningstar. If your losses exceed your capital gains, you can also apply up to $3,000 of them toward ordinary income on your federal return.

Persons: Morgan, Stephen Welch, Welch Organizations: Institutional Fund

☆ Lavish gold-domed penthouse in New York City on sale for $25 million
▼ + stars: | 2024-11-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +3 min

CNN —Visitors to New York City’s famed Flatiron Building may have noticed the landmark’s lesser-known neighbor — a narrow high-rise that would be modest if not for its extravagant gold dome. Now, the 5,777-square-foot penthouse that occupies the shimmering dome (and the two-story octagonal cupola it crowns) is on sale for $25 million. The five-bedroom, five-bathroom property sits atop 170 Fifth Avenue, which was built in 1898 and predates the Flatiron Building by four years. The building has been standing four years longer than its famous neighbor, the Flatiron Building. Alexander Alland, Jr. /Corbis Historical/Getty ImagesHaving once contained various businesses, including a publishing house, 170 Fifth Avenue was converted into a condominium at the turn of the millennium.

Persons: Eitan Gamliely, ”, Lawrence Treglia, it’s, Treglia, Robert Maynicke, Maynicke, Jay Maisel, Alexander Alland, Gregory C, Carr, ” Treglia Organizations: CNN, Visitors, New York Times, Tiffany Locations: New York, York, preschools, Mozambique

☆ ETF flows on track to hit record above $1 trillion by year-end, VettaFi data shows
▼ + stars: | 2024-11-14 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

Inflows are on track to hit the $1 trillion milestone by year-end, as the election acts as a new catalyst, the firm found. ETFs have seen inflows of more than $58 billion since Election Day, according to State Street Global Advisors. State Street's popular SPDR S & P 500 ETF Trust (SPY) has seen more than $12 billion of new money, since the Nov. 5 election. ETF flavors garnering notable flows The ETFs that track indexes have seen the biggest dollar inflows. State Street said its SPDR Galaxy Digital Asset Ecosystem ETF (DECO) has seen inflows increase by 26% since Election Day.

Persons: Todd Rosenbluth, Donald Trump's, Ryan McCormack, McCormack, Anna Paglia, Rosenbluth Organizations: Street Global Advisors, Trust, Trump, Mining

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Amazon, Microsoft, Tesla, Meta, Campbell Soup and more
▼ + stars: | 2024-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Citi initiates Gilead Sciences as buy The firm said it is bullish on the biotech company's HIV franchise. Piper Sandler upgrades Campbell Soup to overweight from neutral Piper Sandler said it sees an attractive entry point for the stock. UBS initiates Cogent as buy The firm said it sees meaningful revenue acceleration for the internet services company. Jefferies reiterates Tesla as hold The firm raised its price target on the stock to $300 per share from $195. Morgan Stanley reiterates Meta as overweight The firm said Meta is a major artificial intelligence beneficiary. "

Persons: Piper Sandler, Campbell, Oppenheimer, Jefferies, Tesla, Morgan Stanley, Papa, KeyBanc, Papa John's, BXP, Wells, Wells Fargo, BURL, Meta, Needham, Eli Lilly's Organizations: Citi, Gilead Sciences, HIV, SOVO, UBS, Nvidia, Bank of America, Neutral Bank of America, ISI, Papa Johns International, Company, JPMorgan, Medicines, 3Q, Netflix, Barclays, Airlines, FDA, Novo Nordisk, Microsoft Locations: Europe, Asia, Africa, America, Manhattan, Burlington

☆ Elon Musk's 'gamification' of government spending taps into our natural competitive instinct
▼ + stars: | 2024-11-14 | by ( ) www.businessinsider.com time to read: +9 min

AdvertisementIt was perhaps inevitable that Elon Musk — a tech titan and a prolific gamer — would try to turn government spending into a game. It's a natural move for Musk, who came up in the tech world in the early 2000s, as "gamification" took hold. "That's that kind of logic that you end up having if you're not really cautious about how it's designed." AdvertisementFor the government, that might hinge on what counts as waste and whether Musk's leaderboard can get people to agree. Otherwise, Hon said gamification might have short-term benefits but backfire in the long term as important, less-tangible factors are crowded out by overemphasizing one metric.

Persons: Elon Musk, —, Elon, Musk, Jane McGonigal, McGonigal, Adrian Hon, You've, Richard Landers, it's, you've, Landers, Natalia Mehlman Petrzela, " Landers, Jill, It's, Petrzela, Musk's, gamification, he's Organizations: Service, Government Efficiency, University of Minnesota, SXSW, Netflix, Nike, New School Locations: gamification

☆ Trump taps Robert F. Kennedy Jr. to lead Department of Health and Human Services
▼ + stars: | 2024-11-14 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +2 min

Trump has nominated Robert F. Kennedy Jr to lead the Department of Health and Human Services. The president-elect previously vowed to let Kennedy "go wild on health." AdvertisementTrump has nominated former presidential candidate Robert F. Kennedy Jr. to lead the Department of Health and Human Services, likely sparking a confirmation battle in the Senate. "I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS)," Trump wrote on Truth Social. Representatives for Trump and Kennedy did not immediately respond to a request for comment.

Persons: Trump, Robert F, Kennedy Jr, Kennedy, —, Obama, Semafor Organizations: Department of Health, Human Services, Service, United, Health, Public Health, Biden, and Drug Administration, Pfizer, Moderna, Trump, HHS

☆ Hollywood Is Leaving Los Angeles: Remote Work Comes to TV, Movies
▼ + stars: | 2024-11-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +14 min

AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.

Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami

☆ Proud Boys are seeking pardons directly from Trump, bypassing the DOJ and, potentially, Matt Gaetz
▼ + stars: | 2024-11-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

The first Proud Boys leaders to seek Capitol riot pardons are instead asking Trump directly. Meanwhile, the Proud Boys want out now, and presidents have the Constitutional power to grant immediate pardons, Biggs attorney Norm Pattis said in a 10-page letter sent to Trump on Wednesday. Two years ago, Biggs and his Proud Boys codefendants had struck a different tone regarding Trump, arguing at trial that he incited the Capitol riot and that the Proud Boys were only following his orders. Advertisement"Mr. President, you are no stranger to prosecutions warped by partisan vendetta," the Biggs pardon letter says. Former Proud Boys chairman Enrique Tarrio will also "explore every possible avenue" toward early release, his lawyer, Nayib Hassan, said in a press statement last week.

Persons: Trump, —, Donald Trump, Joseph Biggs, Matt Gaetz, Tarrio, Gaetz, pic.twitter.com, gGPeTLtWmv, Biggs, Norm Pattis, Pattis, codefendants, Enrique Tarrio, Nayib Hassan, Zachary Rehl, Dominic Pezzola, Prosecutors, Pezzola, Mike Pence Organizations: Boys, Service, Department of Justice, Justice Department, Proud, Manhattan, Trump, Justice, DOJ, Capitol, Proud Boys, Tarrio, Rehl, Capitol Police Locations: Trump, Florida, Afghanistan, Iraq, Washington ,, Philadelphia, Rochester , New York

☆ Elon Musk is a showman, not an accountant
▼ + stars: | 2024-11-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

The merch will be 🔥🔥🔥”If you need more evidence of how silly this whole thing is, note (as many commentators did online) that the efficiency department is being overseen by two people. On the campaign trail last month, Musk was asked how much he thought he could cut from the nation’s $6.5 trillion budget. Musk would be lucky to find $200 billion in the federal budget, former Treasury Secretary Larry Summers said at the Economic Club of New York on Tuesday. Even Trump joked to House Republicans on Wednesday that he can’t get rid of Musk, a source in the room told CNN. And that means Musk himself, as Tesla’s largest individual shareholder, is $55 billion richer today than he was a week ago.

Persons: Donald Trump, Elon Musk, ”, he’s, Vivek Ramaswamy, ” Trump, Elon, Vivek, Trump, Musk, ments on Organizations: New, New York CNN, bro, “ Department, Government, Ford, United Airlines, Republican Congress Locations: New York, le

☆ These Trump loyalists flocked to the courtroom for his criminal trial this year. Now, they've been named in his new administration.
▼ + stars: | 2024-11-14 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Various GOP figures showed up at the courtroom to support Donald Trump during his trial earlier this year. Four of the loyalists who rallied behind Trump during the trial have already been tapped for roles in his incoming administration. The Trump allies who supported him in court and have now been named to his administration are:JD Vance attended Trump's hush-money trial. Vivek Ramaswamy called Trump's hush-money trial "a politicized persecution" when he showed up at the courthouse. The congressman supported Trump in court during the hush-money trial on May 16.

Persons: Donald Trump, Trump, —, Todd Blanche, Emil Bove, Dean John Sauer, JD Vance, Mark Peterson, Vance Ohio Sen, Vance, Michael Cohen, Cohen, Trump's, Matt Gaetz, Victor J, Matt Gaetz Trump, Gaetz, Vivek Ramaswamy, Curtis Means, Elon Musk, Ramaswamy, Mike Waltz, Michael M, Mike Waltz Trump, Waltz Organizations: Service, Trump, Florida, Vivek, GOP, Department of Government, NY Locations: Manhattan, Washington

☆ Burberry launches urgent turnaround plan to save the brand
▼ + stars: | 2024-11-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

AdvertisementBurberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct." The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results. Things have gone from bad to worse at Burberry, the beleaguered British luxury brand. Dubbing the strategic shift "Burberry Forward," the market has responded positively, with shares rising 14% in early trading on Thursday. Cara Delevigne is a longtime Burberry brand ambassador and stars in one of its new campaigns.

Persons: Joshua Schulman, Burberry, Schulman, Jelena Sokolova, I've, Louis Vuitton, Cara Delevigne, Lexie Moreland, Barry Keoghan, Jonathan Akeroyd Organizations: Burberry, Morningstar, Getty, British, Moncler Locations: British, WWD, China

Delta Air Lines allows buyers to personalize gift cards with photos and is shipping gift cards for free through Dec. 13. Royal Caribbean sells gift cards that can be redeemed for a cruise booking, but not pre-cruise purchases such as shore excursions, beverage packages and internet. Intrepid Travel, which specializes in sustainable tours for small groups, lets gift buyers purchase specific tours for another person. Other websites offer gift cards that aren't tied to specific brands, but reviews are mixed on some of those companies. For example, Finnair gift cards expire in one year, while Airbnb gift cards aren't available in every region.

Persons: Zs, millennials, Reddit, Rick Steves, Hilton Organizations: American Airlines, Delta Air Lines, Marriott, Royal, Intrepid Locations: Italy, Rick Steves Italy, Lyft, Royal Caribbean, U.S

☆ Skepticism, a ticking clock: What Trump's picks mean for Ukraine
▼ + stars: | 2024-11-14 | by ( Thibault Spirlet | Hannah Abraham | ) www.businessinsider.com time to read: +5 min

AdvertisementDonald Trump's cabinet choices suggest a skeptical direction of travel on Ukraine policy. Advertisement'Losing your allowance'The comments suggest that Trump would find little opposition if he moved to cut US aid to Ukraine. Ukraine's president, Volodymyr Zelenskyy, has said that US aid being cut would lead to Ukraine losing the war. Trump's son, Don Jr. — an influential figure albeit with no official role — seemed to relish the idea of Ukraine losing its funding. Trump's callIt remains to be seen how influential any of Trump's picks would be in shaping policy.

Persons: Donald Trump's, Trump, Donald Trump, hasn't, Ukraine —, Marco Rubio, Joe Biden's, Trump's, Vladimir Putin, Pete Hegseth, Shawn Ryan, Putin, Alfons Cabrera, Mike Waltz, Biden, Tulsi Gabbard, Volodymyr Zelenskyy, Don Jr, —, Alexander Libman, Mark Cancian, Mylovanov Organizations: Ukraine, State, Defense, NBC News, Pentagon, Fox News, Getty, National Intelligence, Free University of Berlin, Marine Corps, Kyiv School of Economics, Economist Locations: Ukraine, Kyiv, America, Russia, Florida, Afghanistan, Iraq, Polish, Ukrainian, Russian, Kramatorsk, Donetsk Region, Europe

☆ Disney gives investors years to cheer about
▼ + stars: | 2024-11-14 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

New York CNN —Disney did something extraordinary Thursday, giving investors a rare three-year financial outlook, even at a time of economic uncertainty. Shares of Disney (DIS) are exploding higher – up 10% just after the market open Thursday. And it forecast profits from streaming will rise another $875 million in the new fiscal year, helping to lift results. Legacy media companies such as Disney that have gotten into streaming in the last five years have struggled to make the business profitable as they sought to catch up with Netflix, which had been the only profitable streaming service until recently. Disney needs to have improved results from streaming as its cable and broadcast network business continues to suffer from a combination of ad sales declines an cord cutting by consumers.

Persons: New York CNN —, segement Organizations: New, New York CNN, New York CNN — Disney, Disney, Netflix, Pixar Locations: New York

☆ Disney dodges the Trump question
▼ + stars: | 2024-11-14 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

Last week, Warner Bros. "In a way, we've already consolidated," he said on the company's earnings call Thursday morning, in response to a question about M&A possibilities during Trump 2.0. Disney, like other media companies that have news organizations, has already drawn Trump's ire, during the 2024 campaign. During that fight, conservatives harped on the company, calling it too "woke," while liberals — including some Disney employees — felt the company wasn't forceful enough in standing up for diversity. AdvertisementIt's no surprise, then, that Iger didn't say the word "Trump" once during his call.

Persons: Bob Iger, Iger, he's, —, Trump, we've, Rupert Murdoch's Fox, David Zaslav, Zaslav, John Malone, Malone, it's, JD Vance, Matt Gaetz, Murdoch's, Kamala Harris, He's, Paramount's, Ron DeSantis, harped Organizations: Warner Bros, Discovery, Service, Trump, Disney, Comcast, Big Tech, of Justice, Time Warner, Murdoch's Disney, ABC, Paramount's CBS, Gov Locations: Hulu, Disney's, Florida

☆ JPMorgan loves Netflix, predicts Tyson-Paul fight could be most-watched boxing match ever
▼ + stars: | 2024-11-14 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Friday could be a big day for Netflix , according to JPMorgan. The company is set to stream a boxing match between influencer Jake Paul and legend Mike Tyson from the AT & T Stadium in Texas. JPMorgan thinks the fight could be a record breaker and bolster Netflix's ad-tier subscriptions. Enthusiasm around the stock has jumped since Netflix boasted a top- and bottom-line beat for the third quarter last month. LSEG data shows that, of the 48 analysts covering it, 33 rate Netflix a buy or a strong buy.

Persons: influencer Jake Paul, Mike Tyson, Jake Paul, Doug Anmuth, Paul, Tyson, Anmuth Organizations: Netflix, JPMorgan, T, National Football League Locations: Texas

☆ S&P 500 futures are little changed as index heads for losing week: Live updates
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: +2 min

S&P 500 futures are near flat Thursday night as investors wondered what's next for the market after the postelection rally wavered. Futures tied to the Dow Jones Industrial Average lost 25 points, or 0.1%. S&P 500 futures also slipped 0.1%, while Nasdaq 100 futures shed 0.2%. The Dow fell more than 200 points in the session, while the S&P 500 and Nasdaq Composite each slipped about 0.6%. The Nasdaq Composite has dropped 0.9% this week, while the S&P 500 and Dow have shed 0.8% and 0.5%, respectively.

Persons: what's, Pizza, Berkshire Hathaway, Dow, Stocks, Jerome Powell, Donald Trump's, Sam Stovall Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Materials, Berkshire, Federal, Dow, CFRA Locations: New York City, Dallas

☆ The US-China tech race is moving from chips to the raw materials they're made of
▼ + stars: | 2024-11-14 | by ( Huileng Tan | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. AdvertisementFor more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. Now, there are fears that China could tighten the global rare earths supply chain even more. China's rare earth dominanceChina has long dominated the rare earths market due to supply, low labor costs, and lax environmental standards. In 2022, the US Department of Defense awarded $45 million to MP Materials for rare earth oxide processing, and in 2023, it awarded over $288 million to Lynas USA to set up commercial-scale rare earth oxide production facilities.

Persons: Deng Xiaoping, —, Rick Waters, Donald Trump's, Louise Loo, Zongyuan Zoe Liu, Chris Tang, Nick Vyas, USC Marshall's Randall R, Vyas, he's Organizations: European Union, World Trade Organization, US Department of Defense, Materials, US, White, Nvidia, Taiwan Semiconductor Manufacturing, Oxford Economics, Greater China, Council, Foreign Relations, Soviet, Bloomberg, AMD, USC, Kendrick, Supply Chain Institute, Bureau of Industry, Security Locations: China, US, Beijing, Japan, USA, Eurasia, Washington, Taiwan, Greater, Soviet Union, North Korea, North Vietnam

☆ Lindsey Vonn: US skiing legend to make surprise return after five-year retirement
▼ + stars: | 2024-11-14 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Lindsey Vonn, one of the greatest skiers of all-time, is set to end her five-year retirement and return to the sport. “Getting back to skiing without pain has been an incredible journey,” Vonn said in a US Ski & Snowboard statement on Thursday. But after partial knee replacement surgery in April, Vonn has been testing her fitness over the last few months. “Lindsey has made an indelible mark on alpine skiing and our organization throughout her career. “I’ve always enjoyed racing in Cortina and I’ve had a lot of success in Cortina,” Vonn said.

Persons: CNN — Lindsey Vonn, Vonn, “, ” Vonn, “ Lindsey, We’re, ”, Sophie Goldschmidt, Jonathan Nackstrand, “ I’ve, I’ve Organizations: CNN, US Ski Team, Ski Team, US, Getty, The New York Times, Cortina d’Ampezzo, Cortina Locations: Colorado, AFP, Italy

☆ Amazon was questioned by House China committee over 'dangerous and unwise' TikTok partnership
▼ + stars: | 2024-11-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon representatives met with the House China committee in recent months to discuss lawmaker concerns over the company's partnership with TikTok, CNBC confirmed. A spokesperson for the House Select Committee on the Chinese Communist Party confirmed the meeting, which centered on a shopping deal between Amazon and TikTok announced in August. The agreement allows users of TikTok, owned by China's ByteDance, to link their account with Amazon and make purchases from the site without leaving TikTok. "The Select Committee conveyed to Amazon that it is dangerous and unwise for Amazon to partner with TikTok given the grave national security threat the app poses," the spokesperson said. Representatives from Amazon and TikTok didn't immediately respond to a request for comment.

Persons: TikTok, China's ByteDance, didn't, Joe Biden, Jan, Donald Trump, CNBC's, Trump, Jeff Yass, —, Jonathan Vanian Organizations: Dublin City Centre, Amazon, House, TikTok, CNBC, Chinese Communist Party, Bloomberg, Republican, Susquehanna International Group, NBC Locations: Dublin, Ireland, House China, U.S, ByteDance, Yass

☆ Vaccine maker stocks tumble after Trump picks RFK Jr. for health secretary
▼ + stars: | 2024-11-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Shares of prominent vaccine makers plunged Thursday after President-elect Donald Trump announced his pick of Robert F. Kennedy Jr. to be the next secretary of the Department of Health and Human Services. An hour before the market closed Thursday, as news reports of Trump’s choice began trickling out, Covid-19 vaccine maker Moderna dipped as much as 6%, and Pfizer fell almost 2%. Novavax, which created a protein-based Covid-19 vaccine, fell almost 6%. Last week, Kennedy said he would “immediately” begin studying vaccine safety and efficacy but promised to not “take vaccines away from anybody.”Other vaccine-related companies also felt the fallout. Over the past year, Pfizer stock has dipped 11%, and Moderna stock has plunged 46%.

Persons: Donald Trump, Robert F, Kennedy Jr, Kennedy, “, Trump, ” Trump, CNN’s Kaitlan Collins, Kristen Holmes, Aaron Pellish Organizations: New, New York CNN, Department of Health, Human Services, Moderna, Pfizer, BioNTech, British GSK, Health, HHS Locations: New York, British

☆ The Onion has won the bid for Infowars’ assets
▼ + stars: | 2024-11-14 | by ( Hadas Gold | ) edition.cnn.com time to read: +5 min

CNN —Satirical news site The Onion won the auction to acquire conspiracy theorist Alex Jones’ Infowars, which was sold off as part of a defamation settlement after he falsely called the Sandy Hook Elementary School massacre a hoax. The Onion’s bid was backed by the families of eight victims of school shooting and one first responder. Jones was previously ordered to pay $1.5 billion to families of the Sandy Hook shooting victims. Jones had used Infowars to spread some of the most disturbing and disgusting lies and conspiracy theories into the public discourse. Though Collins declined to detail the bid amount, he said it was the highest and that the funding came from The Onion itself.

Persons: Alex Jones ’, Jones, Sandy Hook, he’s, motorhome, ”, Ben Collins, ” Alex Jones, David J, Phillip, Collins, “ We’re, Chris Mattei, Alex Jones, Robbie Parker, Emilie, Infowars, Jones ’, Oliver Darcy Organizations: CNN, Elementary, Gun Safety Locations: Sandy, Houston, harm’s

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