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☆ Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
▼ + stars: | 2024-11-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The name of the joint venture, which was expected to close during the fourth quarter, is "Rivian and VW Group Technology, LLC." At the closing of the joint venture, VW will invest about $1.3 billion "as consideration for background IP licenses and a 50% equity stake in the joint venture." The joint venture will be headed by Rivian Chief Software Officer Wassym Bensaid and VW Group Chief Technical Engineer Carsten Helbing. The companies said developers and software engineers from both companies will join the joint venture.

Persons: Oliver Blume, RJ Scaringe, We're, Rivian, Scaringe, Wassym, Carsten Helbing Organizations: Volkswagen Group, Rivian Automotive, VW, Volkswagen, VW Group Technology, Rivian, VW Group Locations: Rivian, Normal , Illinois, Georgia, Palo Alto , California, North America, Europe

☆ Jim Cramer explains why the promise of tax cuts could have sent stocks lower on Tuesday
▼ + stars: | 2024-11-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer examined Tuesday's market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. Cramer called the day's moves a "sobering reaction to the potential unfunded tax cuts from the bond market," as both the 10-year and 2-year Treasury yields surged more than 4%. The bond market and the stock market usually have a negative correlation, with investors coming in and out of each depending on yields. Trump campaigned on the promise of tax cuts across a wide swath of sectors. Many on Wall Street expect these cuts will come in aggregate, but remain unsure of the specifics, Cramer noted.

Persons: CNBC's Jim Cramer, Donald Trump, Cramer, Trump, Elon Musk Organizations: Dow Jones, Nasdaq Locations: U.S

☆ Apple won't launch a smart ring, says Oura CEO: 'It's hard to do'
▼ + stars: | 2024-11-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

LISBON — Apple will not introduce a smart ring, the CEO of health-tech firm Oura told CNBC, despite speculation the iPhone giant may be considering a move into this product category. Samsung's smart ring debut earlier this year has put the product firmly in the spotlight, with one analyst predicting earlier this year that Apple could launch its own smart ring in 2026. But Tom Hale, CEO of Oura — which has been developing smart rings since the company was established in 2013 — said he doesn't think Apple will enter the space. "I think they're probably keeping a close eye on Samsung and a close eye on us, but it's hard to do this product category right." Under CEO Tim Cook, Apple has put a large focus on health applications through the Apple Watch and related services.

Persons: Oura, Tom Hale, —, they're, Hale, Tim Cook, Apple Organizations: Apple, CNBC, Apple Watch, Samsung Locations: LISBON, Lisbon, Portugal

In this courtroom sketch, former U.S. president Donald Trump appears by video conferencing before Judge Juan Merchan during a hearing before his trial over charges that he falsified business records to conceal money paid to silence porn star Stormy Daniels in 2016, in Manhattan state court in New York City, May 23, 2023. A New York judge on Tuesday delayed by one week ruling on whether to toss guilty verdicts against President-elect Donald Trump in his criminal hush money case, or to move toward sentencing in late November. The postponement was announced two days after the Manhattan District Attorney's Office asked the judge for time to consider how Trump's electoral win affects the case. Manhattan Supreme Court Judge Juan Merchan, who was set to issue his ruling Tuesday, is now scheduled to determine if the case should be dismissed on Nov. 19. Trump is currently set to be sentenced Nov. 26 on 34 counts of falsifying business records related to a hush money payment made by his former lawyer Michael Cohen to porn star Stormy Daniels shortly before the 2016 presidential election.

Persons: Donald Trump, Juan Merchan, Stormy Daniels, Trump, Michael Cohen Organizations: Manhattan, Attorney's Locations: Manhattan, New York City, York

☆ At least 15 dead as inmates clash at notorious Ecuadorian prison
▼ + stars: | 2024-11-12 | by ( Ivonne Valdés | ) edition.cnn.com time to read: +2 min

CNN —At least 15 people have been killed and 14 injured in clashes between inmates at one of Ecuador’s largest and most notorious prisons, local authorities say. The violence broke out early Tuesday in one of the pavilions at Litoral Penitentiary in the coastal city of Guayaquil, according to national prison agency SNAI. Both Guayaquil, Ecuador’s largest city, and the prison itself are notorious for violent confrontations between rival gangs. Inmates' relatives embrace outside the Litoral Penitentiary in the coastal city of Guayaquil, Ecuador, on Nov. 12, 2024, after a fight among inmates left more than a dozen dead. Litoral Penitentiary is among five facilities that make up a major prison complex in Guayaquil.

Persons: General’s, Cesar Munoz, María Daniela Icaza, José Adolfo “ Fito ” Macías, Daniel Noboa, CNN’s Abel Alvarado, Michael Rios Organizations: CNN, AP, Security Locations: Litoral, Guayaquil, Ecuador’s, Ecuador

☆ When will this Trump-fueled bull market approach bubble territory? Watch this indicator
▼ + stars: | 2024-11-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The CBOE Volatility Index , known on Wall Street as the VIX, helps traders track when a market rally is actually unhealthy, said DataTrek co-founder Nicholas Colas. Monday's close for the VIX around 15 "is a healthy sign" for the temperature of the market as it advances, Colas wrote to clients. To put it succinctly: "Rallies built on an elevated VIX signal a bubble," he wrote. That's a lesson market participants learned, during the dot-com bubble of the mid- to late-1990s, he said. In the current bull market, dating back to the fourth quarter of 2022, however, the VIX has been largely "well behaved," Colas argued.

Persons: DataTrek, Nicholas Colas, Donald Trump, —, Monday's, Colas, That's, Jessica Rabe, Trump Organizations: Research, U.S

☆ Trump wins stay in hush-money case, allowing him time to argue for its dismissal
▼ + stars: | 2024-11-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +3 min

President-elect Donald Trump on Tuesday won a stay of deadlines in his hush-money case. Trump was to learn Tuesday if the case is dismissed, and if not be sentenced next week. AdvertisementOne week from sentencing, President-elect Donald Trump has won at least a temporary stay in his criminal hush-money case. On Friday, the judge in the Washington, DC-based election-interference case similarly froze all deadlines until at least December 2 on agreement with the special counsel. AdvertisementIn the hush-money case, two pending deadlines are now at least temporarily wiped from the calendar.

Persons: Donald Trump, Trump, —, Juan Merchan, Attorney Alvin Bragg, Jack Smith, Fani Willis, Fulton County , Georgia —, Smith, Merchan Organizations: Tuesday, Service, New, Prosecutors, Attorney Locations: Manhattan, Fulton County , Georgia, Washington, DC, Florida

☆ Shell not obliged to cut its pollution, Dutch court rules in landmark climate case
▼ + stars: | 2024-11-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shell is not obliged to dramatically reduce its planet-heating pollution by 2030, a Dutch appeals court ruled Tuesday, overturning a previous verdict that imposed steep carbon emissions reductions on the British oil and gas giant. Shell (SHEL) had appealed the previous ruling, handed down in 2021, which ordered the company to slash its CO2 emissions by 45% by 2030 from 2019 levels. That included emissions from its own operations and from the energy products it sells. As such, it dismissed the previous ruling. “At the same time, we see that this case has ensured that major polluters are not inviolable and has further fueled the debate about their responsibility in combating dangerous climate change.

Persons: Wael Sawan, ”, Donald Pols Organizations: London CNN — Shell, Hague, Appeal, Shell, “, Supreme Locations: Netherlands

☆ Larry Summers sounds the alarm bell on inflation — before Trump even takes office
▼ + stars: | 2024-11-12 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

Now, with many celebrating the apparent defeat of inflation, Summers is delivering another warning to Washington. Summers, the famed economist and former Treasury secretary, cautioned Tuesday that the inflation genie may not be back in the bottle. “My own judgement is that the Fed and markets are still underestimating the overheating risk,” Summers said during a conversation hosted by the New York Economic Club. “I am fearful that the Fed is going to be more like once burned, twice burned, rather than once burned, twice shy, on inflationary risks,” Summers said. “There is a very substantial risk that the president will attempt to implement what he talked about.

Persons: Larry Summers, Donald Trump, Summers, Trump, “, ” Summers, Clinton, Biden, Jerome Powell, Powell, ” Powell, Donald Trump’s, ” Trump, ” Organizations: New, New York CNN, White, Federal Reserve, New York Economic, Reserve, Harvard, Bureau of Labor Statistics Locations: New York, Washington

☆ Waymo opens robotaxi service to anyone in Los Angeles, marking its largest expansion yet
▼ + stars: | 2024-11-12 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

Alphabet -owned Waymo is removing the waitlist for its self-driving service in Los Angeles, marking its largest expansion yet. With more than 3.8 million people, LA marks the third and largest city where the company's robotaxi service is now fully available. "Now is an exciting time to welcome everyone in Los Angeles along for the ride," Tekedra Mawakana, co-CEO of Waymo, said in a news release Tuesday. Waymo closed a $5.6 billion funding round in October to expand its robotaxi service across the U.S. Waymo in September announced that it partnered with Uber to launch its robotaxi service in Austin, Texas, in 2025.

Persons: Waymo, Andreessen Horowitz, Perry, Rowe Price, That's, Uber Organizations: U.S, Google, Fidelity, Tiger Global, Hyundai Locations: Los Angeles, LA, Los Angeles County, San Francisco, Phoenix, Waymo, Silver, Austin , Texas, Korean

☆ Morning-after pill sales surge online, telehealth companies say, as women prepare for second Trump term
▼ + stars: | 2024-11-12 | by ( Jacqueline Howard | ) edition.cnn.com time to read: +6 min

At Wisp, which offers two types of emergency contraception online, sales of those medications went up about 1,000% in just one day after Tuesday’s election. “We are seeing women actually stockpile emergency contraception pills,” Cepak said. “When you attack one piece of reproductive health care, it really has a ripple effect,” Friedrich-Karnik said. “People who need abortion care often also at some point need contraception, and people who need contraception might eventually need maternal health care,” she said. “People’s lives are fluid like that, and this care is fluid, and you can’t attack one piece of reproductive health care without really impacting the whole range of care that people need.”

Persons: Donald Trump, Trump, Monica Cepak, “, ” Cepak, ”, Cynthia Plotch, it’s, ” Plotch, That’s what’s, It’s, ’ ”, Clayton Alfonso, ‘ I’ve, ’ ” Alfonso, Court’s Dobbs, Roe, Wade, Dr, Sanjay Gupta, Amy Friedrich, Karnik, ” Friedrich Organizations: CNN —, “, Winx, Duke Health, American College of Obstetricians, Trump, Heritage Foundation, Republican, CNN, CNN Health, Guttmacher Institute Locations: United States, North Carolina

☆ Elon Musk is close to breaking his $340 billion wealth record as Tesla stock keeps rising
▼ + stars: | 2024-11-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk is close to setting a new wealth record following a Tesla stock surge since the election. Musk's net worth hit roughly $342 billion in Tuesday's premarket, exceeding his 2021 peak. AdvertisementElon Musk is close to breaking his wealth record following Tesla's postelection rally. The world's richest person gained almost $21 billion on Monday as Tesla stock jumped 9%, boosting his net worth to $335 billion, per the Bloomberg Billionaires Index. AdvertisementTesla stock was up 41% for the year at Monday's close, leaving it some way off its record close of $410 on November 4, 2021.

Persons: Elon Musk, —, Tesla's, Jeff Bezos, Donald Trump's, Mark Malek, Siebert, Trump, Warren Buffett's, Berkshire Hathaway Organizations: SpaceX, Service, Bloomberg, PAC, Associated Press Locations: premarket, Monday's, Berkshire, Musk's

☆ Asia-Pacific markets set to open mixed as Trump rally continues
▼ + stars: | 2024-11-12 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to open mixed on Tuesday, with investors expected to exercise caution even as the Dow Jones Industrial Average's post-election rally continued to gain momentum to close at a record high. Futures for Australia's S&P/ASX 200 stood at 8,279, slightly higher than the index's last close of 8,259. Japan's Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 39,660 and its counterpart in Osaka at 39,630 compared to the previous close of 39,533.32Hong Kong's Hang Seng index futures were at 20,324, lower than the HSI's last close of 20,426.93.

Organizations: Dow Jones Industrial, Australia's, Nikkei Locations: Asia, Pacific, Chicago, Osaka

☆ US has not assessed Israel is violating law on Gaza aid, will not change policy despite humanitarian groups’ findings
▼ + stars: | 2024-11-12 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +7 min

The US statement comes in sharp contrast to the findings of humanitarian aid organizations, who say that “the humanitarian situation in Gaza has deteriorated to its worst point since the war began in October 2023.” The situation in northern Gaza in particular has been described as “apocalyptic,” with areas at “imminent” risk of famine. Section 620I of the US Foreign Assistance Act requires the US to halt security assistance to governments who restrict US humanitarian aid. “We, at this time, have not made an assessment that the Israelis are in violation of US law,” State Department deputy spokesperson Vedant Patel said Tuesday. “Israeli forces repeatedly attacked humanitarian sites and frontline responders during the 30-day period,” the scorecard said. “There is no provision in US or international law that allows extra time to starve people,” said former top State Department official Stacy Gilbert.

Persons: Washington CNN —, Biden, Netanyahu, Antony Blinken, Defense Lloyd Austin, “, ” Blinken, Vedant Patel, Patel, “ We’ve, ”, they’ve, Kate Phillips, you’re, ” Phillips, Barrasso, Stacy Gilbert, CNN’s Michael Conte, Mick Krever, MJ Lee, Kylie Atwood, Abeer Salman, Kareem Khadder, Irene Nasser Organizations: Washington CNN, Israel, State Department, Defense, Biden, US Foreign, ” State Department, CNN, Anera, CARE International, Mercy Corps, Norwegian Refugee Council, Oxfam, Refugees International, UNRWA, UN, The State Locations: Gaza, ”, U.S, Austin, Gaza’s Beit, Israel, America, United States

☆ U.S. Treasury yields move higher as traders digest Trump win, await key data
▼ + stars: | 2024-11-12 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury yield rose by more than four basis points to 4.3550%. The yield on the 2-year Treasury — which is the most sensitive to interest rate expectations — rose by more than six basis points to 4.3149%. U.S. Treasury yields jumped on Tuesday as investors continued to digest what President-elect Donald Trump's election win could mean for interest rates, and awaited key economic data — including inflation — later this week. It comes after the Federal Reserve cut interest rates for a second consecutive time last week, by 25 basis points to a target range of 4.50%-4.75%. Federal Reserve officials including Richmond Federal Reserve President Thomas Barkin and Federal Reserve board governor Christopher Waller will also speak on Tuesday.

Persons: Donald Trump's, Thomas Barkin, Christopher Waller Organizations: Treasury, U.S, Federal Reserve, Traders, Federal, Richmond Federal, FactSet

☆ Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor Elliott Management has a $5 billion-plus stake in Honeywell , and it is pushing the industrial conglomerate to break itself up into two companies. Elliott managing partner Jesse Cohn and partner Marc Steinberg wrote in a Tuesday letter that "the conglomerate structure that once suited Honeywell no longer does." Elliott believes that dividing Honeywell into two companies could unlock upside of as much as 75% over the next two years. In the past, Cohn and Steinberg wrote, Honeywell's carefully assembled businesses had previously driven "consistent" margin improvements. A Honeywell spokesperson said that the company and its board "acknowledge and appreciate the perspectives of all our shareholders."

Persons: Elliott, Jesse Cohn, Marc Steinberg, Vimal Kapur, Cohn, Steinberg, Honeywell's Organizations: Honeywell, Elliott Management, Aerospace Locations: Morristown , New Jersey

☆ Amgen stock falls as analysts mull over weight loss drug’s bone density data
▼ + stars: | 2024-11-12 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +3 min

Shares of Amgen fell more than 7% Tuesday as analysts chewed over bone density loss data from an early-stage trial on its experimental weight loss injection, MariTide. Amgen did not immediately respond to a request for comment on the dataThe drug is a promising potential competitor in the weight loss drug market. "On one hand, patients could naturally lose bone mineral density during weight loss treatment," Brayer wrote. But Brayer said, "on the other hand, this could be a non-starter because there seems to be a dose-dependent increase" in bone mineral density loss. Amgen is also aware of the "hypothetical concern" of bone mineral density loss, Yee said, citing the firm's discussions with management.

Persons: Amgen, Eli Lilly, Cantor Fitzgerald, Olivia Brayer, Eli, Wegovy, Brayer, Jefferies, Michael Yee, Yee, Evan Seigerman, hasn't, Seigerman Organizations: Novo Nordisk, BMO

☆ Live Nation CEO talks consumer demand, says live music is 'a very scarce commodity'
▼ + stars: | 2024-11-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Live Nation CEO Michael Rapino told CNBC's Jim Cramer on Tuesday that the nature of live music keeps it in demand, which helps the business stay strong — even though some consumer-oriented companies report a pullback due to inflation. Live Nation, which also owns Ticketmaster, has its hand in many aspects of the industry. Live Nation shares jumped more than 4% Tuesday after the company posted earnings and reported its most successful summer concert season to date. Rapino claimed that 2025 would likely be "a record year" with a lot of stadium performances, adding that Live Nation has already sold more than 20 million tickets. "The amount of music available to the consumer today has just propelled this idea that they want to see the live show."

Persons: Michael Rapino, CNBC's Jim Cramer, Ben Folds, Rapino Organizations: Disney, Ticketmaster, U.S . Department of Justice, Nation, Spotify

☆ Team Meta? Team Alphabet? A noted tech analyst weighs in and so does Jim Cramer
▼ + stars: | 2024-11-12 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

While keeping buy ratings on both stocks, Nathanson raised his firm's price targets on Alphabet and Meta. In support of giving Alphabet the edge, he sees faster revenue growth from Meta but at a higher cost. For one, Meta has consistently delivered revenue and earnings ahead of consensus, rooted in stron advertising revenue from AI advancements. Bottom line Jim Cramer sees merit in MoffettNathanson's buy calls on Alphabet and Meta and believes it is just about "time to buy both" of these AI and advertising leaders. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: It's, Michael Nathanson —, Craig Moffett, —, underperformance, Nathanson, Jim Cramer, Trump Donald Trump's, Jim Cramer's, Jim, Mark Zuckerberg, Sundar Pichai Organizations: MoffettNathanson Research, Facebook, Meta, Reality Labs, Labs, Google, Tech, Trump, CNBC, REUTERS Locations: Meta

☆ Booker Prize 2024: Samantha Harvey’s space-station novel ‘Orbital’ wins annual literature award
▼ + stars: | 2024-11-12 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

London AP —British writer Samantha Harvey won the Booker Prize for fiction on Tuesday with “Orbital,” a short, wonder-filled novel set aboard the International Space Station that ponders the beauty and fragility of Earth. The prize is open to English-language writers of any nationality and has a reputation for transforming writers’ careers. De Waal praised the “crystalline” writing and “capaciousness” of Harvey’s succinct novel — at 136 pages in its UK paperback edition, one of the shortest-ever Booker winners. Harvey is the first female Booker winner since 2019, though one of five women on this year’s shortlist, the largest number in the prize’s 55-year history. Founded in 1969, the Booker Prize is open to novels originally written in English published in the UK or Ireland.

Persons: Samantha Harvey, Booker, Harvey, ”, Edmund de Waal, ” Gaby Wood, ” Harvey, Ian McEwan, Margaret Atwood, Salman Rushdie, Hilary, Waal, Percival Everett, “ James, Twain’s, Huckleberry Finn ”, Jim, Rachel Kushner’s, Canadian Anne Michaels, Charlotte Wood’s, Yael van der, De Waal, Paul Lynch, ” Lynch Organizations: London AP, Space, Prize Foundation, Ireland Locations: British, Canada, United States, Australia, Netherlands, Canadian, London, Japan

☆ Apple's latest coffee table book is aimed at music lovers and costs $450
▼ + stars: | 2024-11-12 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple Music has released a $450 coffee table book of its top 100 albums list. AdvertisementApple has turned its top 100 albums list into a coffee table book, and it's selling a limited batch for $450 each. When Apple Music released its ranking of the best albums of all time in May, it sparked debate among music fans. According to the site, the estimated shipping date for the new Apple Music book is January. This department includes subscription-based services like Apple Music, and its sales have boomed in recent quarters.

Persons: Apple, Assouline, —, Zane Lowe, Lowe, Roger Federer, Barbie, Jony Organizations: Apple, Service, Apple Music, Assouline, Business, eBay, Apple's Services Locations: New York, California

☆ Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands
▼ + stars: | 2024-11-12 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +2 min

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region. Meta originally debuted an ad-free subscription service for the EU in October 2023 due to an EU regulation intended to clamp down on anti-competitive practices by tech companies. The subscription service also came into effect after regional regulators fined the company over $400 million for violating EU data privacy laws. "The changes we're announcing today meet EU regulator demands and go beyond what's required by EU law," Meta President Nick Clegg said Tuesday on Threads. "This is why I expect that even when presented with several equal choices, most people will still choose our personalized ads service," Pavón said in a LinkedIn post said.

Persons: Meta, Nick Clegg, Pedro Pavón, Pavón Organizations: Facebook, European Union, EU Locations: Toulouse, France, U.S

☆ FAA bans U.S.-Haiti flights for 30 days after Spirit Airlines flight struck by gunfire
▼ + stars: | 2024-11-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

The Federal Aviation Administration on Tuesday banned U.S. civilian flights to and from Haiti for 30 days after a Spirit Airlines airplane was struck by gunfire trying to land in Port-au-Prince a day earlier. The FAA's ban also prohibits U.S. flights from traveling under 10,000 feet in Haiti's airspace. On Monday, Spirit Airlines Flight 951 from Fort Lauderdale, Florida, diverted to Santiago in the Dominican Republic at around 11:30 a.m. after it was damaged by gunfire, the airline said. Spirit said one flight attendant on board "reported minor injuries" and that no passenger injuries were reported. JetBlue Airways and American Airlines have also canceled flights to the Haitian capital.

Persons: Spirit Organizations: Federal Aviation Administration, Spirit Airlines, U.S, JetBlue Airways, American Airlines, The U.S . State Department Locations: Haiti, Port, Fort Lauderdale , Florida, Santiago, Dominican Republic, The

Bitcoin is trading near record levels, and Kalshi users are betting that the cryptocurrency could rise above $100,000 before the end of 2024. Kalshi data on Tuesday showed that 60% of users are betting that bitcoin could hit the $100,000 mark before January. The digital currency has rallied more than 28% since the U.S. presidential election last Tuesday. The prediction markets were volatile ahead of the election, but they were generally more bullish on Trump than traditional polling. However, odds and gambling platforms do not use methodologies used by traditional political polling, and therefore are not substitutes for political polls.

Persons: Donald Trump, Bitcoin Organizations: Commodity Futures Trading Commission, Trump, Metrics

☆ Lunchables removed from national school lunch program
▼ + stars: | 2024-11-12 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +4 min

Kraft Heinz, the company that produces Lunchables, announced Tuesday that it will remove the meal kits from the National School Lunch Program. “We’re pleased that Heinz Kraft has pulled Lunchables from the school lunch program,” Brian Ronholm, director of food policy at Consumer Reports said in a statement. “The USDA should maintain stricter eligibility standards for the school lunch programs so that the millions of kids that depend on it get the healthier options they deserve.”The National School Lunch Program –– a federally assisted program that provides low-cost and free nutritionally balanced lunches to students –– serves nearly 30 million kids, according to the US Department of Agriculture’s Food and Nutrition Service. Sodium levels in the school lunchesTwo types of Lunchables were brought into the school lunch program last year: Turkey & Cheddar Cracker Stackers and Extra Cheesy Pizza. Consumer Reports found that the kits, which were created specifically for the school lunch program, contained even higher levels of sodium than those available in the grocery store.

Persons: CNN —, Kraft Heinz, We’re, Heinz Kraft, Brian Ronholm, – –, Tom Vilsack, “, Armour LunchMakers, Oscar Mayer, can’t, CNN’s Sandee, Parija Kavilanz Organizations: CNN, Consumer, US Department of Agriculture’s Food, Nutrition Service, ”, US Centers for Disease Control, Natural Meat, World Health Organization, CDC Locations: United States, Turkey

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