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The front month U.S. West Texas Intermediate (WTI) crude contract for May , which expires on Monday, fell 12 cents to $83.02 a barrel. Iran is the third largest producer in the Organization of the Petroleum Exporting Countries, or OPEC, according to Reuters data. ANZ analysts said in a note that volatility in the Middle East will keep oil markets "jittery". On Saturday, a blast at an Iraqi military base killed a member of a security force that includes Iran-backed groups. Separately, on Sunday, Iran-backed Lebanese group Hezbollah said it downed an Israeli drone that was on a combat mission in southern Lebanon.
Persons: Brent, Tina Teng, Austan Goolsbee Organizations: West Texas, Chicago Federal, Energy, U.S . House, Organization of, Petroleum, ANZ, Hezbollah Locations: Israel, Iran, U.S, Ukraine, China, Iraqi, Sunday, Lebanese, Lebanon, Gaza
I know the legislature is doing a bill to try to protect our meat — You need meat, OK? "There's nothing about cultivated meat that is a conservative or a liberal thing," said Josh Tetrick, CEO of GOOD Meat — a cultivated meat company with the largest market share of the global industry so far. Other red-state politicians are also responding to the threat to their red meat, including Alabama State Sen. Jack Williams and Tennessee State Rep. Bud Hulsey, who have supported or proposed legislation to ban cultivated meat in their states. A nugget made from lab-grown chicken meat is seen during a media presentation in Singapore, the first country to allow the sale of meat created without slaughtering any animals.
Persons: , Ron DeSantis, DeSantis, Josh Tetrick, Mark Post, David Parry, Reuters SB1084, David Marshall, Alabama State Sen, Jack Williams, Bud Hulsey, Williams, Hulsey, hasn't, George Peppou, Justin Sullivan, there's, OpenSecrets, Alabama Sen, NICHOLAS YEO, Tetrick, Lauš Organizations: Service, GOP, Business, Maastricht University, Reuters, DeSantis, Arizona, Alabama State, Tennessee State, Marshall, FDA, USDA, Cargill, Foster Farms, US Department of Agriculture, Getty, Alabama, Foods Locations: Florida, Netherlands, Singapore, Alameda , California, California, AFP, United States, Czech
The Pentagon is expediting preparation for a military aid package, awaiting Senate approval. The $95 billion aid bill, expected to pass next week, designates $60 billion for Ukraine. AdvertisementThe Pentagon could rush vital air defense weapons and artillery shells to Ukraine within days if the military aid bill clears the Senate as expected and receives President Joe Biden's signature, said the Department of Defense. The bill is widely expected to pass the Senate in the coming days. Diego Herrera Carcedo/Anadolu Agency via Getty ImagesThe new aid package addresses critical shortages of Ukrainian units, including 155 mm ammunition for NATO-standard artillery systems and medium-range rocket artillery.
Persons: , Joe Biden's, Biden, Diego Herrera Carcedo, Volodymyr Zelenskyy, Pat Ryder, Jens Stoltenberg Organizations: Pentagon, Service, Department of Defense, Washington Post, Republican Party, Anadolu Agency, Getty, NATO, Guardian, Officials, Pentagon Press, Air Force Locations: Ukraine, Israel, Asia, Russia, Ukrainian, Donetsk Oblast, Washington, Avdiivka, Russian
Speaker of the House Mike Johnson, R-La., conducts a news conference in the U.S. Capitol after the House passed the foreign aid package rule on Friday, April 19, 2024. The bills earmark over $60 billion for Ukraine aid, more than $26 billion for Israel and over $8 billion for Taiwan and Indo-Pacific security. The House's approval is a critical next step for foreign aid, which has been in limbo since President Biden first proposed it in October. Despite that looming political backlash, Speaker Johnson was persuaded to revisit the foreign aid package after Iran's attempted strike on Israel last weekend. In response, Johnson put the foreign aid package at the top of the House's agenda.
Persons: Mike Johnson, Joe Biden, Johnson, Leader Jeffries, Biden, Chuck Schumer, Volodymyr Zelenskyy, China's, Marjorie Taylor Greene, Greene, Iran's, Johnson's, Steve Scalise Organizations: U.S, Capitol, United States House, Representatives, Democrats, Republicans, Rep, NBC News Locations: Ukraine, Israel, Taiwan
What to know about the TikTok ban bill the House passed
  + stars: | 2024-04-20 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
CNN —House lawmakers have once again passed legislation that could lead to a nationwide TikTok ban, renewing a massive threat to the company’s US operations. In March, House lawmakers approved a bill that would give TikTok roughly six months to sell. Another factor that’s shaking things up is how House Republicans inserted the TikTok bill into a much larger foreign aid package. Biden endorsed the prior version of the TikTok bill, which suggests he may quickly sign any foreign aid package that includes similar language targeting TikTok. In addition to complying with the legislation, TikTok could challenge it in court and has made no secret that it might do so.
Persons: TikTok, Joe Biden, there’s, who’ve, Washington Democratic Sen, Maria Cantwell, Paul Gallant, Cowen, Gallant, Joe Biden’s, Biden, , Shou Chew, , Nadine Farid Johnson, ByteDance Organizations: CNN —, White, Washington Democratic, Republicans, House, Senate, Inc, Columbia University, , TikTok Locations: United States, Ukraine, Israel, China
CNN —Life must seem bleak for British Prime Minister Rishi Sunak these days. Sunak has said that he will hold a general election this year, but has yet to confirm its date. It was only voted through by MPs because it has the support of the opposition Labour Party. Anderson is a working-class former miner who is from a part of the country that traditionally votes for the opposition Labour Party. However, Anderson was suspended from the Conservative Party after making comments about the Muslim mayor of London, Sadiq Khan, that Sunak clearly believed were beyond the pale.
Persons: Rishi Sunak, Sunak, , Boris Johnson, Winston Churchill, It’s, ” Rishi Sunak, Dan Kitwood, Liz Truss, Lee Anderson, Anderson, Elon Musk, Tesla, Kirsty Wigglesworth, doesn’t, Sadiq Khan, Suella Braverman, Braverman, Johnson, Rishi, ” Sunak Organizations: CNN, British, Conservative Party, Labour Party, , Conservatives, Allies, Labour, Sunak's, SpaceX, Reuters, Conservative, , Adidas Samba Locations: Quebec, London, Rwanda
CNN —Republican Speaker Mike Johnson showed political courage that is rare in Washington and notable legislative skill for an inexperienced leader in forcing a long-delayed $60 billion aid bill for Ukraine through the House of Representatives on Saturday. And 112 Republicans — a majority of the conference — voted against the Ukraine bill. And any Republican speaker propped up by Democrats might hemorrhage support among GOP lawmakers and be forced to resign. “As we deliberate on this vote, you have to ask yourself this question: Am I Chamberlain or Churchill?” he said. The accidental speaker makes an unlikely Churchill, but on Saturday he proved to be a far more daring and substantial figure than many of his Republican and Democratic critics previously believed.
Persons: Mike Johnson, Johnson, Vladimir Putin, Ronald Reagan, Joe Biden’s, , Donald Trump, Volodymyr Zelensky, , ” CNN’s Frederik Pleitgen, Putin, , Biden, Marjorie Taylor Greene, Greene, Johnson —, Kevin McCarthy’s, Marc Molinaro, CNN’s Manu Raju, Trump, Zelensky, Trump’s, Hakeem Jeffries, Mike Quigley, It’s, ” Quigley, Chuck Schumer, Jeffries, Mike McCaul, , it’s, McCaul, Chamberlain, Churchill Organizations: CNN, West, GOP, America, MAGA, United States House, Representatives, Ukraine, Republican Party, Trump, Republicans, Georgia, Mar, Democratic, Congressional Ukraine Caucus, Illinois Democrat, Foreign, Texas Republican, Republican Locations: Washington, Ukraine, Russian, Louisiana, United States, Russia, Europe, Iran, China, Israel, Taiwan, Mexico, Georgia, New York, Kyiv, Texas, Nazi Germany
There is broad support in the Senate for Section 702 of the Foreign Intelligence Surveillance Act, and it will eventually be approved. We want to get FISA done as soon as we can, because it’s very important for our national security. So, both sides need to fully cooperate, if we want to get FISA done,” Schumer said on the floor. Under FISA’s Section 702, the government hoovers up massive amounts of internet and cell phone data on foreign targets. Senate Minority Leader Mitch McConnell also pressed for passage of FISA bill, which he said has a number of changes in it to address past “abuses” by the FBI.
Persons: Chuck Schumer, “ We’re, ” Schumer, Critics, Schumer, , Mitch McConnell, McConnell, Katie Bo Lillis Organizations: Washington CNN, Republicans, Foreign Intelligence, FISA, The New York Democrat, FBI, Kentucky Republican Locations: Ukraine, Israel, Taiwan
Apple just removed WhatsApp, Signal, and other messaging apps from its Chinese app store. But it could happen in the US, too, if a TikTok ban bill becomes law. It's from an unidentified Apple comms person, to The Wall Street Journal, explaining why Apple just took four messaging/social media apps — WhatsApp, Threads, Signal, and Telegram — out of its Chinese app store. If the TikTok bill does become law, it won't make TikTok go away overnight in the US. But if the law jumps enough hurdles to become enforceable, Apple would have to remove TikTok from its US app store, as would Google.
Persons: , Apple, You've, Hasan Minhaj's, Joe Biden, TikTok Organizations: Apple, Big Tech, Service, Wall Street, Netflix, Facebook, Google Locations: China, Hong Kong, America, Ukraine, Israel
US House Speaker Mike Johnson (R-LA) speaks during a news conference following the House Republican caucus meeting at the US Capitol in Washington, DC, on November 29, 2023. Speaker Mike Johnson, facing intense opposition from right-wing members, received crucial help from Democrats to move forward with the votes. Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment," the White House budget office said in a statement Friday endorsing the House package. But Johnson, who opposed Ukraine aid last year before he became speaker, now says he believes it is "critically important," based on the intelligence and briefings he has since gotten. Democrats praised the move to proceed to House votes, highlighting their party's key role.
Persons: Mike Johnson, Joe Biden, Thomas Massie, Chip Roy, Ralph Norman, Johnson, — Massie, Marjorie Taylor Greene, I'm, Vladimir Putin, Don Beyer, Grace Meng Organizations: Republican, The, Democratic, White House, Administration, Naval Academy, U.S, Democrats, couldn't Locations: Washington ,, Ukraine, Israel, U.S, China, Ky, Texas, Europe, American
The balanced portfolio – which typically allocates 60% of assets toward stocks and 40% to fixed income –could use a rethink in today's higher rate environment, according to BlackRock's Rick Rieder. "For 30 years, fixed income was a hedge," said Rieder, the asset manager's global chief investment officer of fixed income, in a phone call with CNBC. A 60/30/10 split Rather than a 60/40 split toward equities and fixed income, Rieder said he would consider a 60/30/10 allocation if he had to build a balanced portfolio. That is, he'd maintain a 60% allocation toward stocks, but keep 30% of the portfolio in "higher income, shorter duration" assets. In addition to AAA-rated CLOs, Rieder also likes European investment-grade credit as a U.S. dollar investor.
Persons: BlackRock's Rick Rieder, Jerome Powell, Rieder, Jared Woodard Organizations: CNBC, Federal Reserve, AAA, Bank of, CLOs Locations: Central
TikTok more than doubled its ad spend to over $4.5 million in a campaign to combat a potential U.S. ban as Congress looks to fast-track legislation to push parent company ByteDance to divest the social media app. TikTok has spent over $2.5 million on television ads alone since March, according to data from AdImpact. The popular social media company has spent almost $900,000 on digital advertisements, according to the data. The data from AdImpact in late March showed TikTok initially purchased $2.1 million in advertising. TikTok's boosted ad spend could act as a last stand as the new bill appears to have key support in the Senate.
Persons: Giovanna Gonzalez, TikTok, Joe Biden Organizations: U.S, Capitol, Foreign Locations: Chicago, Washington , U.S, AdImpact, Ukraine, Israel, TikTok
The clock ticks for TikTokThe push to either split TikTok from its Chinese owner, ByteDance, or ban it in the U.S. is gaining momentum thanks to a legislative maneuver by the House Speaker Mike Johnson. The bill’s progress comes as The Times reveals more details about the video platform’s origin story — and the central role played by the Chinese subsidiary of the trading firm of a Republican donor, Jeff Yass. Johnson has bundled the TikTok bill into a foreign aid package. The speaker said on Wednesday that he would put up for a vote this weekend a spending measure for Ukraine, Israel, and Taiwan that includes a modified version of the TikTok divestment legislation. The move may force the Senate’s hand: The House overwhelmingly passed the bill last month, but the Senate hasn’t been in a rush to take it up.
Persons: Mike Johnson, Jeff Yass, Johnson, hasn’t Organizations: Times Locations: U.S, Ukraine, Israel, Taiwan
The House voted Friday in a bipartisan manner to advance a key foreign aid package, a significant step in sending aid to Ukraine and Israel and setting up a final vote as soon as Saturday. The move is likely to further inflame conservatives who are against additional aid to Ukraine and have threatened Johnson’s job over the issue. The committee activity capped off another contentious day on Capitol Hill as the renewed push to send foreign aid to Ukraine has divided House Republicans. Three bills in the foreign aid package would provide aid for Ukraine, Israel and the Indo-Pacific region, with the latter intended to help deter Chinese aggression in the area. The three assistance bills are similar to the foreign aid legislation that passed the Senate in February.
Persons: Mike Johnson’s, Johnson, Thomas Massie, Marjorie Taylor, Greene, Republicans – Massie, Ralph Norman of, Chip Roy, Texas –, , , CNN’s Haley Talbot, Katie Lobosco, Tami Luhby, Brian Fung Organizations: Democratic, GOP, Republicans, CNN, Caucus Locations: Ukraine, Israel, Ralph Norman of South Carolina, Texas, Iran
TikTok is in the hot seat once again in Washington
  + stars: | 2024-04-18 | by ( Brian Fung | ) edition.cnn.com   time to read: +4 min
An earlier version of the TikTok bill sailed through the House in March, but it has become bogged down in the Senate. Opponents, including TikTok and a range of civil society groups, have argued the bill risks violating TikTok users’ First Amendment rights. President Joe Biden has said he would sign the House TikTok bill if it reaches his desk. The latest version of the TikTok bill contains some updates. One key senator who was doubtful of the initial House TikTok bill appeared satisfied.
Persons: TikTok, Mike Johnson, Donald Trump, Joe Biden, there’s, , Johnson, , Washington Democratic Sen, Maria Cantwell, I’ve, Cantwell, Cathy McMorris Rodgers Organizations: CNN, Republicans, Senate, House Republicans, Washington Democratic, Oracle, Republican, Washington Rep Locations: Israel, Ukraine, China, India, Texas
The Georgia Republican filed an amendment to a $26.38 billion Israel aid bill that would divert some of that funding toward "the development of space laser technology on the southwest border" of the United States. Related storiesIn the case of the "Jewish space lasers," she connected the wildfire to the Rothschild family of Jewish financiers, a favorite target of antisemitic conspiracy theories. The "Jewish space laser" theory has become a staple piece of mockery for those attacking Greene, and is often brought up by reporters. Greene has voted against Israel aid in the past, and she's long been one of the most outspoken opponents of Ukraine aid. She also introduced seven amendments to the Ukraine aid bill, including provisions that would divert money to US disaster zones or force any members of Congress who support the bill to enlist in the Ukrainian military.
Persons: , Marjorie Taylor Greene, I've, Greene, I’ve, oDeDqTXvQQ —, Marjorie Taylor Greene 🇺🇸 ( Organizations: Service, Georgia Republican, Facebook, Business Locations: Israel, United States, America
CNN —Georgia’s government is attempting to force through a controversial “foreign agent” law, despite international condemnation and huge protests from its citizens. Critics of the law say is it is a Kremlin-inspired effort to undermine democracy which will damage Georgia’s bid to join the European Union. The ruling Georgian Dream party first tried to pass the bill 13 months ago, but was forced into an embarrassing climbdown following a week of intense protests. Nearly 80% of Georgians support European integration, according to a poll conducted in December by the National Democratic Institute. Since Russia invaded Ukraine in February 2022, thousands of Russians – especially men of service age – have fled to Georgia to avoid conscription.
Persons: CNN —, , Vladimir Putin, Putin, ” Salome Zourabichvili, Zourabichvili, , Irakli Gedenidze, ” Giorgi Bekurashvili Organizations: CNN, European Union, South Caucasus, , Kremlin, EU, National Democratic Institute Locations: Soviet, Europe, United States, Tbilisi, Georgian, Russia, South, Russian, “ Russia, Georgia, Ukraine
AdvertisementFor months, the House has been sitting on a bill that would provide aid to Ukraine, Israel, Taiwan, and humanitarian funding for Gaza. But many, if not most, House Republicans are opposed to further Ukraine aid, and House Speaker Mike Johnson now has to deal with Rep. Marjorie Taylor Greene's threat to call a vote on his ouster if he allows more Ukraine aid to pass. AdvertisementMany Republicans oppose Ukraine aid, while Democrats are increasingly skeptical of Israel aidJohnson's plan is aimed at addressing two separate pockets of opposition to the foreign aid package. After October 7, the Biden administration and Senate leaders insisted on tying Israel and Ukraine aid together, with the idea being that including Israel aid would incentivize Republicans to swallow more Ukraine aid. Johnson's plan is designed to allow progressive Democrats to vote against Israel aid, while hard-right Republicans can vote against the Ukraine aid — all while allowing the whole package to move forward.
Persons: Johnson, , Mike Johnson, Marjorie Taylor, Israel •, they're, I'm, Democratic Sen, Chris Murphy, Biden, they've, Israel, Nancy Pelosi, George W, Greene, Thomas Massie of Kentucky, Boehner, — Thomas Massie, Massie, Republicans —, Kevin McCarthy's, Abigail Spanberger Organizations: Service, Republicans, Senate, • Fund, Democratic, Georgia, @RepMTG Locations: Israel, Ukraine, Taiwan, Gaza, Connecticut, Iraq, Russia, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSnap's move on TikTok news is 'a bit premature', says Roth MKM's Rohit KulkarniRohit Kulkarni, Roth MKM senior research analyst, and Paul Gallant, TD Cowen TMT policy analyst, join 'Closing Bell Overtime' to talk the TikTok bill in congress and its impact on other social media companies.
Persons: Roth, Rohit Kulkarni Rohit Kulkarni, Paul Gallant, TD Cowen
A bill to force ByteDance to divest from TikTok is making its way through Congress. Legislators are concerned about ByteDance's ties to China given how much user data Tiktok collects. The Chinese Embassy reportedly lobbied against the bill. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina proved the point of the TikTok ban bill through Congress after officials from the Chinese Embassy reportedly lobbied against it recently.
Persons: ByteDance, Organizations: Embassy, Service, Politico, Business Locations: TikTok, China
CNN —The Republican-controlled Arizona House of Representatives once again failed to advance a repeal of the state’s 160-year-old abortion ban Wednesday, days after the state Supreme Court roiled state politics by reviving the law. On Wednesday, following two attempts to discuss a bill that would repeal Arizona’s 1864 ban on abortions, lawmakers voted not to discuss the measure on the House floor. State lawmakers last week ended a House session early to block an effort to repeal the abortion ban. And on Monday, House Republicans’ general counsel laid out a strategy to defeat or dilute the impact of a potential abortion rights ballot initiative in a leaked memo. Abortion rights supporters and opponents gathered outside the statehouse Wednesday morning.
Persons: Donald Trump, Kari Lake, Katie Hobbs, , Ben Toma, Doug Ducey, Republicans ’, Sen, Priya Sundareshan, , “ It’s, Jill Norgaard Organizations: CNN, Republican, Representatives, GOP, Democratic Gov, , Republicans, Arizona Democrats, Senate, Arizona Democratic Legislative, Committee, Abortion, statehouse, Wednesday Locations: Arizona, 
The measure, a modified version of a stand-alone bill that the House passed last month, will be considered alongside a package of foreign aid for Ukraine, Israel and Taiwan, according to text of the legislation released by House leadership. The president could extend the deadline by another 90 days if progress toward a sale was being made. House lawmakers are expected to vote Saturday on a package of legislation that includes the TikTok ban and other bills popular with Republicans, a maneuver intended to induce lawmakers to vote for the foreign aid. If the package passes, the measures will be sent as a single bill to the Senate, which could vote soon after. President Biden has said he’ll sign TikTok legislation into law if it reaches his desk.
Persons: Biden Organizations: House, Republicans, Senate Locations: United States, Ukraine, Israel, Taiwan
CNN —House Republicans released the text of three bills Wednesday that would provide aid for Ukraine, Israel and the Indo-Pacific region, with the latter intended to help deter Chinese aggression in the area. Taken together, the House bills add up to about $95 billion in aid – the same amount the Senate bill included – with an adjustment that $10 billion in Ukraine economic assistance is in the form of a repayable loan, CNN has reported. Nearly $14 billion included in the bill would help Ukraine buy advanced weapons systems and other defense equipment. The Senate bill, by comparison, would provide $14.1 billion in assistance to Israel, including funds for missile defense systems and foreign military financing to help Israel reestablish territorial security and deterrence, and $9.2 billion in humanitarian aid. The Senate bill contained very similar provisions to bolster security in the region.
Persons: Joe Biden, Here’s what’s, Russia –, Israel, CNN’s Lauren Fox, Haley Talbot, Melanie Zanona Organizations: CNN — House Republicans, CNN, House Republicans, Ukraine, Israel, House, Foreign, United Nations Relief, Works Agency, Senate Locations: Ukraine, Israel, Russia, Iran, Taiwan
“I am not resigning,” Johnson told reporters. Massie told Republican colleagues behind closed doors Tuesday morning that he will cosponsor the motion to vacate Johnson from his position. And then I said, ‘Well, you’re the one who’s going to put us into this,’ because the motion is going to get called up. In making his announcement Monday, the Louisiana Republican predicted the House will vote Friday evening on the separate bills. The Senate passed its bill in February – a $95.3 billion foreign aid bill with assistance for Ukraine, Israel and other priorities.
Persons: Mike Johnson, Johnson, Thomas Massie, , ” Johnson, Massie, Marjorie Taylor Greene, Trent Kelly, Mississippi, it’s, ” Massie, Kevin McCarthy, , Republicans “, Republican – Greene –, , CNN’s Morgan Rimmer Organizations: Republican, Republican Rep, Louisiana Republican, CNN, Democratic, GOP, Republicans, Democrats, Senate, Internal Revenue Service Locations: Ukraine, Israel, Louisiana, Taiwan, Georgia
The high court’s ruling could also affect the federal election subversion criminal case pending against former President Donald Trump, who was also charged with the obstruction crime. The law, Justice Elena Kagan said, could have been written by Congress to limit its prohibition to evidence tampering. Unless the court rules broadly in a way that undermines the charge entirely, the case against Trump may still stick even if Fischer wins his case. The Fischer case has prompted some liberal critics of the court to demand that Thomas recuse himself. “There have been many violent protests that have interfered with proceedings,” Thomas asked Prelogar, pressing on a theme he returned to repeatedly during the arguments.
Persons: Critics, , Donald Trump, Joseph Fischer, Trump, , Fischer, Brett Kavanaugh, Elizabeth Prelogar, John Roberts, ’ ” Roberts, it’s, Prelogar, Kavanaugh, , ” Prelogar, Neil Gorsuch, Jamaal Bowman, Bowman, Samuel Alito, ” Alito, rioter, Elena Kagan, ” Kagan, Sonia Sotomayor, Ketanji Brown Jackson, Jeffrey Green, Jackson, Jack Smith, Department’s, Smith, Clarence Thomas, Thomas, That’s, Thomas ’, Ginni Thomas, ” Thomas, “ I’m Organizations: CNN, Justice Department, Justice, Capitol, Court, Department, Riot, , New York Democrat, House, Hamas, Trump Locations: Pennsylvania, Gaza, Virginia, DC, Colorado,
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