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☆ Live Election Updates: Biden Faces Eroding Support in House With Crucial Week Looming
▼ + stars: | 2024-07-08 | by ( Michael D. Shear | Maggie Astor | ) www.nytimes.com time to read: +3 min

A Biden campaign event on Sunday in Harrisburg, Pa. Democrats have made abortion a key issue in campaigns ever since the Supreme Court overturned Roe v. Wade. In his 2016 presidential campaign, Mr. Trump pledged that he would appoint multiple anti-abortion justices to the Supreme Court, with a goal of overturning Roe. When the court’s Dobbs v. Jackson decision in 2022 ended the constitutional right to an abortion, Mr. Trump took credit. “Ask yourself: Who do you want in the White House — the man proud to overturn Roe v. Wade, or the president fighting for your rights?” the ad’s narrator says. Mr. Biden’s campaign, under intense scrutiny after his debate performance, has sought to keep the focus on Mr. Trump.

Persons: Roe, Wade, Biden’s, Donald J, Trump, Dobbs, Jackson, Biden, ”, “, playbook, ” Lauren Hitt, Kamala Harris Organizations: Biden, The New York Times, Mr, Republican, Heritage Foundation, Trump Locations: Harrisburg, Pa

☆ Biden’s Strategy to Make the Race About Trump Is Suddenly in Doubt
▼ + stars: | 2024-07-08 | by ( Reid J. Epstein | ) www.nytimes.com time to read: +1 min

From the outset of President Biden’s re-election campaign, the plan for winning was to make former President Donald J. Trump so unpalatable that voters uneasy with the incumbent would vote for him anyway. But now Mr. Biden is stuck in a political tailspin, with an abysmal debate performance highlighting his inability to make a case against Mr. Trump and prompting a collective national hand-wringing about his ability to do his job while an increasing number of House Democrats say he should leave the race. To get voters to focus on the threats posed by a second Trump administration, Mr. Biden’s own allies say he first must escape his current doom loop and convince voters — even and especially fellow Democrats — that he is up to the job himself. “The focus has to shift back to Trump and what rights we lose if he’s president,” said Representative Eric Swalwell of California, who ran against Mr. Biden for the 2020 Democratic presidential nomination. “The last three elections have shown us if you’re the focus, you lose.”Indeed, the Biden campaign has long sought to make Mr. Trump its focus.

Persons: Biden’s, Donald J, Trump, Biden, —, ”, Eric Swalwell of, “, Mr, Trump’s Organizations: Democrats, Trump, Mr, Democratic Locations: Eric Swalwell of California

☆ ‘A Little Scary’: Ukraine Tries to Stay Neutral in U.S. Political Dogfight
▼ + stars: | 2024-07-07 | by ( Marc Santora | Steven Erlanger | ) www.nytimes.com time to read: +1 min

Ukraine, which depends on American military aid for its survival, has long tried to maintain bipartisan support in the United States. Ukraine’s president, Volodymyr Zelensky, is asked in nearly every interview what a second Trump administration would mean for Ukraine. While Mr. Zelensky chooses his words carefully, sometimes the emotional weight of the assumption behind the question — that Mr. Trump could end American military assistance, allowing Russia to succeed in destroying the Ukrainian state — spills into view. Mr. Trump’s claim last week during his debate with Mr. Biden that he alone knew the path to peace is “a little scary,” the Ukrainian president said in an interview with Britain’s Channel 4 News. “I’ve seen a lot, a lot of victims,” Mr. Zelensky said.

Persons: Donald J, Trump, Volodymyr Zelensky, Zelensky, Trump’s, Biden, “ I’ve, ” Mr, that’s, ” Organizations: Britain’s Locations: Ukraine, United States, Russia

☆ A second Trump term would be 'chaos' for student loan borrowers
▼ + stars: | 2024-07-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump has long regarded the student loan forgiveness measures rolled out under the Biden administration as a stunt to garner "publicity for the election." At a campaign event in late June, Trump called Biden-era student debt relief measures "vile," suggesting that student loan borrowers shouldn't count on forgiveness under a second Trump administration. A recent Supreme Court ruling striking down the Chevron doctrine has already weakened the Education Department. Biden-era student loan forgiveness measures, as well as his new income-driven SAVE repayment plan, are making their way through court challenges led by conservative groups, which are not likely to be resolved before 2025. Advertisement"Overall, I think a Biden administration is going to be more favorable for college affordability than a Trump administration," Kantrowitz said.

Persons: —, Donald Trump, Biden, he's, Trump, Pell Grant, Jan Miller, Mark Kantrowitz, Kantrowitz, Betsy Mayotte, who'd Organizations: Service, Biden, Business, of Education, Department of Education, US Department of Education, Education Department, Senate, Trump, The, Student Loan Advisors, Education Department's, Education Locations: Washington ,, Mayotte

Biden beat Trump 87% to 12% among Black voters in 2020, according to CNN exit polls. Harris attempted to convince festival attendees that “we can see it through” if they once again vote in record numbers. Many look to Harris as the obvious successor if Biden steps aside, with a recent CNN poll conducted after the debate showing the vice president outpacing Biden in a hypothetical race against Trump. The vice president was able to avoid talking about worries within her own party Saturday as the moderator did not specifically ask about concerns over Biden’s reelection bid. Meanwhile, other Biden surrogates at the event tackled the issue head-on, throwing their support behind the president and telling voters that he’s not going anywhere.

Persons: Kamala Harris, Trump, Joe Biden’s, Harris, ” Harris, Donald Trump, ”, Harris ’, Biden, he’s “, outpacing Biden, he’s, Joyce Beatty, Biden shouldn’t, “, Don’t, Maxine Waters, “ Biden, Harris —, Waters, “ We’re, We’re, Jeri Peris, Peris, He’s, ” Laura Morgan Roberts, it’s, Michelle Buxton, ” Buxton, Eric Bradner, Ali Main, Veronica Stracqualursi Organizations: New, New Orleans CNN, Saturday, Black, Biden, White House, Trump, CNN, New York Times, Siena College, “, Trump ., Ohio Democrat, Democratic Locations: New Orleans, Siena, Madison , Wisconsin, California, Washington, Chattanooga , Tennessee

Yet those efforts are complicated by Trump’s extremely close relationship with many of the people who launched Project 2025 or helped contribute to it. Dans shared with the audience it was his intention to serve in a second Trump administration should the former president win in November. “As we’ve been saying for more than two years now, Project 2025 does not speak for any candidate or campaign. But it is ultimately up to that president, who we believe will be President Trump, to decide which recommendations to implement,” the statement reads. LaCivita doubled down further on Friday, tweeting: “Poke the Bear you are going to be bit” while sharing an article titled: “Trump torches Heritage Foundation’s Project 2025.”

Persons: Donald Trump, Trump, “, ” Trump, Kevin Roberts, ”, Joe Biden, Paul Dans, Ben Carson, Ken Cuccinelli, Rick Dearborn, John McEntee, Roberts, Dans, we’ve, Russ Vought, Trump’s, Mark Meadows, Sen, Jim Demint, Stephen Miller, Biden, ” Biden, Ammar Moussa, Susie Wiles, Chris LaCivita, LaCivita Organizations: CNN, Heritage Foundation, Trump loyalists, Trump, Affordable, Management, Urban, White, Republican, Biden, GOP, Republican National Convention, Conservative Partnership Institute, White House, America, RNC, Trump Administration, Heritage Locations: America

☆ Biden and Trump are vying for the veteran vote in the 2024 race. Here's how their policies on veteran affairs stack up.
▼ + stars: | 2024-07-05 | by ( Thomas Novelly | Rebecca Kheel | ) www.businessinsider.com time to read: +10 min

Biden shepherded through the PACT Act , which has been described as the biggest expansion of veterans benefits in a generation. "Someone who may have had a rare cancer that was benefited by the PACT Act, that's the most important thing to them. President Joe Biden delivers a speech about the PACT Act at the Westwood Park YMCA in Nashua, New Hampshire. After Jackson's bid ended, Robert Wilkie, who had been working at the Pentagon, was nominated and confirmed as VA secretary. Denis McDonough, who was Obama's chief of staff, has served as VA secretary since the beginning of the Biden administration.

Persons: —, Joe Biden, Donald Trump, Biden, Trump, Patrick Murray, Military.com, John Tully, Joe Parsetich, Barack Obama, Cheriss, VFW's Murray, Donald J, Veterans Affairs David Shulkin, Michael Reynolds, Trump's, David Shulkin, Obama, Shulkin, Ronny Jackson, Jackson, Jackson's, Robert Wilkie, Veterans Affairs Denis McDonough, Chip Somodevilla, Denis McDonough, Donald Remy, Tanya Bradsher, McDonough Organizations: Service, Business, Department of Veterans Affairs, Biden shepherded, Veterans, Foreign, PACT, American, Westwood, Getty, Disabled American Veterans, White, Biden, US, Veterans Affairs, Wimbledon, Shulkin, White House, Pentagon, Trump, Cross Locations: France, Nashua , New Hampshire, Rose, Trump's, Europe, Texas

☆ US and China could do a 'deal' under a new Trump administration: Ben Harburg
▼ + stars: | 2024-07-04 | 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 EmailUS and China could do a 'deal' under a new Trump administration: Ben HarburgBen Harburg of Corevalues Alpha says China is more likely to have "positive" trade outcomes under a Trump Presidency, given his "transactional nature".

Persons: Trump, Ben Harburg Ben Harburg, Corevalues Alpha Organizations: Trump Presidency Locations: China

☆ Iranians are voting in a presidential runoff. What will it mean for the world?
▼ + stars: | 2024-07-04 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +11 min

Here’s what to expect on Friday’ second round of elections, and how the results could impact Iran and the world. During the first round, Pezeshkian led with 42.5% of the votes, followed by Jalili with 38.6%, according to the state news agency IRNA. In a move that shocked observers, the man who led Ghalibaf’s electoral campaign, Sami Nazari Tarkarani, also declared his support for reformist Pezeshkian, Khabar Online reported. People drive past a billboard with pictures of presidential candidates Masoud Pezeshkian and Saeed Jalili on a street in Tehran, Iran, on Monday. Presidential candidates Masoud Pezeshkian and Saeed Jalili attend an election debate at a television studio in Tehran, Iran on Tuesday.

Persons: CNN — Iran’s, Ebrahim Raisi, Masoud Pezeshkian, Saeed Jalili, Raisi, Hossein Amir, Ayatollah Ali Khamenei, Pezeshkian, –, Khamenei, ”, hardliner Mohammad Bagher Ghalibaf, Jalili, ” Parsi, Sardar Mohsen Rashid, Rashid, Sami Nazari Tarkarani, Ghalibaf, Sanam Vakil, “, ” Sina Toossi, ” Pezeshkian, Toossi, Majid Asgaripour, Iran’s, ” Jalili, Israel sharpens, Israel “, Israel Katz, ” Ali Vaez, Vaez, CNN’s Becky Anderson, Saeed Jalili , Morteza Fakhri, Parsi, ” Vakil Organizations: CNN, Foreign, Guardian Council, IRNA, Quincy Institute, Islamic Revolutionary Guard Corps, Pezeshkian, Khabar, North Africa, Chatham House, Center for International Policy, Trump, Islamic, International Atomic Energy Agency, UN, Israeli, Group, Reuters Locations: Islamic Republic, Iran, tatters, Israel, United States, Tehran, Washington, Iranian, East, London, Washington ,, Gaza, Lebanon

☆ It's getting hard to see how Biden can stay in the race
▼ + stars: | 2024-07-03 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Read previewAs of Wednesday, President Joe Biden is vowing to stay in the presidential race. Two House Democrats have publicly joined them, while two others — Reps. Jared Golden of Maine and Marie Gluesenkamp Perez of Washington — declared that they believe Biden will lose in November. AdvertisementJust in the last few days, people within the White House have discussed Biden's irritably, his relatively light schedule, and the jarring appearance of Hunter Biden at some White House meetings. Related storiesMore broadly, elected Democrats have grown comfortable openly discussing the possibility of replacing Biden, even if they're not officially calling for it. Dumping Biden brings its own risks — it's an unprecedented move, and any potential successor may have their own political weaknesses.

Persons: —, Joe Biden, Tim Ryan, Julián Castro, Biden, Jared Golden of, Marie Gluesenkamp Perez, Washington —, irritably, Hunter Biden, Donald Trump, Kamala Harris outpolling Biden, there's, they're, It's, Trump, Biden's Organizations: Service, Business, Democratic, Urban, Biden, Democrats, Trump, New York Times, Siena College, CNN Locations: Trump

☆ Natural gas is starting to resemble oil as a global commodity – here's why that matters and how to play it
▼ + stars: | 2024-07-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Natural gas has historically been a regional commodity, with supply limited by pipeline networks. "Natural gas is starting to resemble oil in that there's a more global market emerging for it," Antia told CNBC in an interview. The global capacity to liquefy natural gas has grown 60% since 2014, reaching 483 million metric tons annually as of February 2024, according to the IGU. Cheniere: LNG powerhouse The U.S. dominates the global LNG market, accounting for 21% of global exports last year and shipping 84 million metric tons, according to the IGU. Cheniere Energy , a global LNG leader based in Houston, is an opportunity for investors who want exposure to the growing global gas market, Antia said.

Persons: Shehriyar Antia, PGIM, Antia, Bernstein, Cheniere, Morgan Stanley, Biden, Mark Menezes, CNBC's, Menezes, Trump Organizations: Prudential Financial, CNBC, International Gas Union, Cheniere Energy, York Stock Exchange, Department of Energy, U.S, LNG, European Union, U.S . Department of Energy, European, United States Energy Association Locations: U.S, Houston, Cheniere's, of Mexico, Indonesia, China, India, Japan, South Korea, Europe, Asia, Russia, Moscow, Ukraine, United Kingdom, European Union

☆ What’s at stake for the climate if Trump wins? ‘A catastrophic outcome’
▼ + stars: | 2024-07-03 | by ( Ella Nilsen | ) edition.cnn.com time to read: +12 min

CNN —In the first week of a new Trump administration, President Joe Biden’s climate wins would get put through the shredder. “He has said he’s going to come back with a vengeance,” former US special climate envoy John Kerry told CNN. He has railed against Biden’s climate policies at rallies and derided clean energy, vowing to push America back to fossil fuels. He has openly courted the oil industry at fundraising events, the Washington Post reported, promising regulation rollbacks in exchange for campaign cash. It could happen “very fast,” said David Bernhardt, who served as Interior Secretary in the Trump administration.

Persons: Trump, Joe Biden’s, nix, ”, John Kerry, it’s, “, Joe Biden, ” Trump, Karoline Leavitt, Leavitt, Anna Moneymaker, ” Mandy Gunasekara, David Bernhardt, Bernhardt, Biden, Trump’s, Sarah Palin, ’ pocketbooks, Diana Furchtgott, Roth, Gavin Newsom, ” Newsom, “ We’re, Newsome, David Paul Morris, John Bozzella, Bozzella, ” Bozzella, he’s, ” Bob McNally, George W, Bush, Scott Olson, –, ” Bernhardt, McNally, ” McNally, ’ Trump, Nate Hultman, Frederic J . Brown, haven’t, Kerry, ” Kerry, CNN’s Alayna Treene, Bill Weir, Julian Quinones Organizations: CNN, Trump, Washington Post, White, Environmental, Agency, EVs, Environmental Protection Agency, Republicans, Treasury Department, Former Trump Department of Transportation, Heritage Foundation, California Gov, Bloomberg, Alliance, Automotive Innovation, Biden, Fox News, Energy, Rapidan Energy Group, Bush White House, US Energy Information Administration, Trump Interior, Trump’s, Center for Global Sustainability, University of Maryland, State Department, Getty, United Nations Locations: Alaska, Paris, United States, Philadelphia, California, Washington ,, San Francisco, CNN California, Montebello , California, AFP

But the court’s opinion also makes clear that this ruling is not a death knell for Smith’s case. Smith charged Trump with engaging in a “criminal scheme” to subvert the 2020 election; Trump has pleaded not guilty to four counts. In Nixon v. Fitzgerald, the Supreme Court held that a president enjoyed civil immunity for all “official acts.” Now, in Trump v. United States, the court grappled with which “official” acts should also receive criminal immunity. In order to settle the extent of Trump’s immunity, Chutkan should expeditiously schedule the mini-trial to hear witness testimony and receive other relevant evidence from both parties. In response to Trump’s assertion of civil immunity there, the DC Circuit put in place a lengthy discovery schedule for the lower court to determine the extent of Trump’s civil immunity.

Persons: Norman Eisen, “, Donald Trump, Danya Perry, Joshua Kolb, Neil Gorsuch, Jack Smith’s, Donald Trump’s, Norm Eisen, Tanya Chutkan, Smith, Trump, Nixon, Fitzgerald, —, Joshua Kolb CJ, John Roberts, Justice Department —, Mike Pence, Mark Meadows, Jeffrey Clark —, Clark, Steve Jones, Meadows, Brad Raffensperger, Jones, Meadows’s, Sotomayor, Chutkan, Pence, Bill Barr —, Trump’s, slimming, ”, Justice Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson Organizations: CNN, Perry Law, Division, Southern, of, State, Moreland Commission, Nixon, Trump v ., Justice Department, Trump, White, Trump administration, Georgia, Meadows, Circuit, Congress, Capitol Police, Capitol, DC Circuit, Twitter Locations: of New York, New York, Moreland, Trump v, Trump v . United States, Georgia, Fulton, Meadows

Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. In 2020, before Biden took office, the SEC accused Ripple and its founders of violating securities laws by acting as unregistered brokers of digital currency tokens, which the SEC regulates as securities. In 2023, the SEC filed a similar complaint against Coinbase, the largest U.S. crypto exchange platform. Trump has seized on this frustration in recent months, recasting himself from a crypto skeptic into a crypto supporter. Some in the crypto industry who are siding with Trump are going farther than just complaining about Gensler.

Persons: Donald Trump, David Sacks, Trump, Stuart Alderoty, Gary Gensler, Alderoty, Paul Grewal, Biden, Coinbase, Christopher Giancarlo, Heath Tarbert Organizations: U.S, Republican, CNBC, Securities and Exchange Commission, SEC, Trump, —, Futures, Commission Locations: Racine , Wisconsin, U.S, San Francisco, Washington

☆ UBS executives break down how markets will react to a Biden or Trump presidency — and the 3 best investment strategies to hedge election risk
▼ + stars: | 2024-06-30 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

UBS executives covering fixed income and equity strategies outlined in a recent note four different scenarios come November: a blue sweep, a Biden presidency with a split Congress, a red sweep, and a Trump presidency with a split Congress. The two overwhelmingly likely outcomes would be a Biden presidency with a divided Congress (40%) and a Trump presidency with a Republican Congress (45%), per UBS. A Biden victory with a divided CongressA Biden presidency will likely usher in increased tax rates and regulatory oversight, UBS said. A Trump presidency combined with a Republican Congress would mean an extension of the current lower marginal tax rates, the bank said. While antitrust regulation will likely ease under Trump, he's hardly a Big Tech supporter: Trump sued Facebook, Google, and Twitter (now X) in 2021.

Persons: —, Biden, David Lefkowtiz, Trump's, Tom McLoughlin, UBS's, Lefkowitz, he's, Trump, Leslie Falconio, Goldman Sachs Organizations: Service, UBS, Biden, Trump, Republican Congress, Business, Nvidia, OpenAI, Big Tech, Republican, Republicans, Democrats, Facebook, Google, Twitter, World Gold, Trust

☆ Trump campaign pushes for pared-down GOP platform as allies fret over abortion stance
▼ + stars: | 2024-06-29 | by ( Steve Contorno | ) edition.cnn.com time to read: +4 min

CNN —Top advisers to Donald Trump are plotting an overhaul of the Republican Party platform that will dramatically slash its size and refocus the GOP around the former president’s agenda for a second term. A memo from Trump campaign managers Chris LaCivita and Susie Wiles dated Thursday criticized past platforms as too long and too heavily influenced by special interests and outside groups. A “clear, concise and easily digestible” platform will be easier for voters to understand and harder for political opponents to attack, they wrote. Trump’s campaign is especially aware of how Democrats have weaponized the GOP platform in the past and is seeking to avoid a lengthy document full of potential landmines for the former president to navigate. Already, Trump this year has ousted the party’s previous chair, Ronna McDaniel, and installed close allies atop the GOP — his daughter-in-law Lara Trump and North Carolina GOP leader Michael Whatley.

Persons: Donald Trump, Chris LaCivita, Susie Wiles, Trump’s, ”, Wiles, Trump, LaCivita, ” LaCivita, Ronna McDaniel, Lara Trump, Michael Whatley, Randy Evans, Russell Vought, Ed Martin, Phyllis Schlafly Eagles Organizations: CNN, Republican Party, Trump, “, The New York Times, Republican National Convention, Social Security, GOP, North, North Carolina GOP, Conservative, SPAN Locations: reapproved, Washington, Milwaukee, North Carolina, Luxembourg

☆ Live Updates: Supreme Court Overrules Chevron Doctrine, Imperiling an Array of Federal Rules
▼ + stars: | 2024-06-28 | by ( Adam Liptak | ) www.nytimes.com time to read: +12 min

But that gave too much power to unelected government officials, according to conservatives, who ran a coordinated, multiyear campaign to end the Chevron doctrine. The Environmental Protection AgencyEnvironmentalists fear that the end of the Chevron doctrine will mean the elimination of hundreds of E.P.A. “I would expect the industry to attack the F.D.A.’s authority to do premarket review at all,” said Desmond Jenson, deputy director of the commercial tobacco control program at the Public Health Law Center. Others noted the Chevron decision could have a chilling effect, compelling the F.D.A. “The Supreme Court has not relied on Chevron in quite a few years,” she said.

Persons: ”, Lisa Heinzerling, Donald J, Trump, Mandy Gunasekara, President Trump, Jonathan Berry, doesn’t, ” Rather, Berry, ” Mr, Chevron, Biden, Garden, “, Desmond Jenson, Nicholas Bagley, Rachel Sachs, Louis, Abbe R, Gluck, Ms Organizations: Georgetown University, “, Congress, Labor, Act, Republican, Trump, Chevron, Labor Department, Mr, Environmental Protection Agency, Biden, University of Minnesota, The National Labor Relations Board, Food, Drug Administration, Public Health Law Center, Health, Affordable Care, University of Michigan, Washington University School of Law, Department of Health, Human Services, Centers, Medicare, Services, Yale Law School, Treasury, Internal Revenue, Treasury Department, Internal Revenue Service Locations: Chevron, St

☆ Supreme Court overturns 1984 Chevron precedent, curbing power of federal government
▼ + stars: | 2024-06-28 | by ( John Fritze | ) edition.cnn.com time to read: +4 min

CNN —The Supreme Court on Friday significantly weakened the power of federal agencies to approve regulations in a major decision that could have sweeping implications for the environment, public health and the workplace. But the decision will net a far wider swath of federal regulations affecting many facets of American life. The decision overturns the Chevron v. Natural Resources Defense Council precedent that required courts to give deference to federal agencies when creating regulations based on an ambiguous law. The justices have been incrementally diminishing federal power for years, but the new case gave the court an opportunity to take a much broader stride. The Supreme Court had been trending in that direction for years, knocking back attempts by federal agencies in other contexts to approve regulations on their own.

Persons: Chevron, John Roberts, ”, Neil Gorsuch, Elana Kagan, ” Kagan, Biden, Trump Organizations: CNN, Commerce Department, Chevron, Natural Resources Defense, Environmental Protection Agency, Conservatives Locations: Chevron, Washington

☆ Pending mergers and acquisitions will likely go through in a Trump administration, says Jim Cramer
▼ + stars: | 2024-06-28 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPending mergers and acquisitions will likely go through in a Trump administration, says Jim Cramer'Mad Money' host Jim Cramer talks how different sectors of the market will respond to a Trump presidency.

Persons: Jim Cramer, Trump Locations: Trump

☆ Iranians vote for a new president under the shadow of conflict and economic woes
▼ + stars: | 2024-06-28 | by ( Joseph Ataman | Frederik Pleitgen | ) edition.cnn.com time to read: +12 min

The vote takes place amid deteriorating relations with the West, an advancing Iranian nuclear program, and an increasing risk of direct war with Israel. Iranian presidential candidate Mohammad Bagher Ghalibaf’s supporters gathered on the final day of campaigning to hear him speak, in Tehran, Iran on Thursday. Some polls have shown increasing popularity for Pezeshkian, with the rest of the conservatives splitting the vote. Khamenei urged Iranians to head to the polls and vote after he cast his ballot in the election on Friday morning. Saeed Jalili, ultraconservative former nuclear negotiator and Iranian presidential candidate, holds a rally in Tehran, Iran, on June 24.

Persons: Ebrahim Raisi, Hossein Amir, Ali Khamenei, Mahsa, Mohammad Bagher Ghalibaf’s, Joseph Ataman, Masoud Pezeshkian, Saeed Jalili, Mohammad Bagher Ghalibaf, Khamenei, Amini’s, Pezeshkian, Iran’s, Amirhossein Qazizadeh, Hashemi, Alireza Zakani, Qazizadeh, who’ve, ”, Arash Azizi, Saddam Hussein, Masoud, Morteza, “, Sina Toossi, Narges Mohammadi, ” Ahmad, Ghalibaf, ” Ghalibaf, ” Mariam, Raisi, ” Cheers, ” Mohammad, ” Parsi, Javad Zarif, Zarif, ” Khamenei, Trump, Biden Organizations: Iran CNN —, Foreign, Iran’s, West, CNN, Iran’s Guardian Council, Center for Middle East, Global, Quincy Institute, Experts, Islamic, Center for International Policy, Trump, Pezeshkian, Getty, Washington Locations: Tehran, Iran, Israel, Gaza, Lebanon, Islamic Republic, Iranian, Berlin, Iraq, Washington, Washington ,, Shiroudi, ”

☆ Putin Vows to Make New Nuclear Missiles and to Weigh Placing Them Near NATO Nations
▼ + stars: | 2024-06-28 | by ( David E. Sanger | Anton Troianovski | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin declared on Friday that Russia would produce new intermediate-range nuclear-capable missiles and then decide whether to deploy them within range of NATO nations in Europe and American allies in Asia. Mr. Putin’s threat was vaguely worded: He said nothing about timetables for deploying the weapons, and by blaming the United States for bringing similar missiles into training exercises in Europe and Asia, he seemed to be signaling he was open to negotiations. And it appeared to be Mr. Putin’s latest attempt to raise the stakes in his conflict with the West, coming less than two weeks after his visit to North Korea rattled nerves in the United States and those of American allies in Asia. The United States pulled out of the 1987 Intermediate-Range Nuclear Forces Treaty in 2019, during the Trump administration, after years of American accusations that Russia was cheating on the accord. The treaty had banned U.S. and Russian forces from having land-based cruise or ballistic missiles with ranges between about 300 and 3,400 miles.

Persons: Vladimir V, Putin, Putin’s, Trump Organizations: NATO, United, Nuclear Forces Treaty Locations: Russia, Europe, Asia, United States, Britain, France, Washington, North Korea

☆ Jim Cramer explains how the market's tone could change if Trump becomes president
▼ + stars: | 2024-06-28 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In the wake of a contentious debate between President Joe Biden and former President Donald Trump on Thursday night, CNBC's Jim Cramer described how the vibe of the market could change if Trump returned to the White House. Cramer noted that Trump is broadly amiable to gas and oil, pointing to companies like New Fortress Energy and Cheniere . Cramer said as long as he's known Trump, the GOP candidate has had a keen interest in the market. "He loved bantering about the stock market, appeared on this show many times, because even though he was in real estate, he enjoyed stocks," Cramer said. Former President Trump's campaign did not immediately respond to a request for comment.

Persons: Joe Biden, Donald Trump, CNBC's Jim Cramer, Trump, Cramer, bode, Trump's Organizations: Kroger, Albertsons, Capri, New Fortress Energy, Republican, Nike, Starbucks, GOP Locations: China

☆ SCOTUS seems determined to dismantle the administrative state. It will make regulating major industries tougher.
▼ + stars: | 2024-06-28 | by ( Natalie Musumeci | Katie Balevic | ) www.businessinsider.com time to read: +8 min

Then, according to Hockett, the case would be heard by an administrative court. Straight to federal court. "These two rulings largely amputate the two most important arms that our regulatory agencies use every day in overseeing our industrial economy," Hockett said. AdvertisementIn overturning the Chevron doctrine in a 6-3 decision, the high court has hamstrung federal agencies' regulatory powers. Panuccio said that he supported the decisions and called them "important checks on administrative power."

Persons: —, Elena Kagan, Robert Hockett, SCOTUS, Friday's, Hockett, John Roberts, Roberts, Jonathan Siegel, Siegel, Jarkesy, It's, Rachel Weintraub, Weintraub, Jesse Panuccio, Trump, Panuccio Organizations: Service, United States, Securities, Exchange, Business, Cornell University, Environmental Protection Agency, EPA, Chevron, Natural Resources Defense Council, SEC, George Washington University, Coalition, Sensible Locations: North America

☆ Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent
▼ + stars: | 2024-06-28 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

A general view of the U.S. Supreme Court building in Washington, U.S., June 1, 2024. WASHINGTON — The Supreme Court on Friday overturned a 40-year-old precedent that has been a target of the right because it is seen as bolstering the power of "deep state" bureaucrats. It is the latest in a series of rulings in which the conservative justices have taken aim at the power of federal agencies. The ruling was 6-3 with the conservative justices in the majority and liberal justices dissenting. The Trump administration had embraced the war on "deep state" agency power, selecting judicial nominees in part based on their hostility to the federal bureaucracy.

Persons: WASHINGTON —, Chevron, John Roberts, Elena Kagan, Reagan, Magnuson, Trump, Gorsuch, Kavanaugh, Barrett, Joe Organizations: U.S, Supreme, WASHINGTON, Chevron, Natural Resources Defense, Liberal, Republican, Democratic, National Marine Fisheries Service, Stevens Fishery Conservation, Management, Trump Locations: Washington , U.S, New England

☆ A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse
▼ + stars: | 2024-06-28 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Read previewNobel Prize-winning economist Joseph Stiglitz told Business Insider the US economy is "remarkably strong." "I think general consensus, not just my view, but almost anybody modeling what is going on would say the Trump administration would be more inflationary," Stiglitz told BI. AdvertisementStiglitz noted Trump's promise of large increases in tariffs as one of the things that could make inflation worse. AdvertisementA third factor that could juice inflation would be the "drastic reductions in immigration" that Trump has proposed, Stiglitz said. Outside of the risks to inflation, Stiglitz said a Trump presidency could also mean a slowing GDP.

Persons: —, Joseph Stiglitz, Stiglitz, Trump, Axios, Joe Biden, Trump's, Karoline Leavitt Organizations: Service, Democratic, Republican, Business, Trump, U.S, Republicans, CNN Locations: U.S

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