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President-elect Donald Trump on Friday nominated Dr. Marty Makary, a pancreatic surgeon at Johns Hopkins University who's made controversial claims about Covid, as commissioner of the Food and Drug Administration. The Agency needs Dr. Marty Makary, a Highly Respected Johns Hopkins Surgical Oncologist and Health Policy Expert, to course-correct and refocus the Agency," Trump said on Truth Social. As FDA commissioner, Makary would be responsible for regulating and overseeing drugs, food, medical devices and other products, such as tobacco and cosmetics. The current FDA commissioner is Dr. Robert Califf, a cardiologist who also held the role during President Barack Obama's second term. Trump had two FDA commissioners during his first term: physician Dr. Scott Gottlieb and oncologist Dr. Stephen Hahn.

Persons: Donald Trump, Marty Makary, Johns Hopkins University who's, Makary, He's, Trump, Robert F, Kennedy Jr, He’s, Noam Galai, Kennedy, Kennedy’s, ” Makary, Dr, Paul Offit, Offit, Robert Califf, Barack Obama's, Scott Gottlieb, oncologist Dr, Stephen Hahn Organizations: Johns Hopkins University, Food and Drug Administration, Johns, World Health, Safety, National Academy of Medicine, National Academies of Science, Engineering, Medicine, Paragon Health Institute, Fox News, FDA, Agency, Johns Hopkins Surgical, Truth, HBO, Street, Biden, Health, Human Services, Children’s Hospital of Philadelphia Locations: Johns Hopkins, New York City, U.S

Dentists began giving kids fluoride treatments. About 70% of community water systems in Florida receive fluoridated water, according to the surgeon general’s release. Parents said their kids’ teeth were full of cavities despite drinking and brushing regularly with what they thought for years was fluoridated water. Adding fluoride to water systems “mitigates the impact of disparities in access to dental care,” said Jetelina, the epidemiologist. “This is one of the beauties of public health — a mainly invisible population intervention, helping the most vulnerable.”Still, the scrutiny continues.

Persons: Joseph Ladapo, Ladapo, ”, Bruce Lanphear, Katelyn, He’s, Robert F, Kennedy Jr, Donald Trump’s, ” Robert Corp, Jetelina Organizations: American Dental Association, American Academy of Pediatrics, Centers for Disease Control, Simon Fraser University, Pediatrics, NBC, WGRZ, ‘, National Institute of Dental, Craniofacial Research, National Institutes of Health, U.S . Environmental, Agency Locations: Canada, Florida, U.S, Buffalo , New York, Buffalo, Abilene , Kansas, McVille, North Dakota, California

Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.

Persons: “, Yuriy Ignat, Russia – “, ”, Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, “, US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran

☆ It's time to get serious about fixing the nation's power grid. That puts these stocks in a sweet spot
▼ + stars: | 2024-11-23 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

The U.S. electric grid needs a total body makeover. With Duke Austin, a fourth-generation lineman, at its helm, Quanta Services has a long history in electric power infrastructure. The backbone of the electric grid Transmission and distribution is the backbone of the electrical grid, delivering power from generation sites to consumers. PWR YTD mountain Quanta Services shares year to date MasTec MasTec has been in comeback mode. MYR Group Goldman expects MYR Group is well positioned for 2025.

Persons: Neil Mehta, Goldman Sachs, weren't, Goldman, Mehta, Duke Austin, Carly Davenport, Davenport, Austin, Goldman's Mehta, they're, MasTec, Jose Mas, MasTec's, Truist, Jamie Cook, McCoy, Cook, Ati Modak, Modak, MYR Organizations: U.S, Edison Electric Institute, MYR, CNBC, Management, MYR Group Locations: U.S, Austin

☆ Chinese Marines are becoming more like US Marines, while the USMC returns to its roots
▼ + stars: | 2024-11-23 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementBack to their rootsUS Marine amphibious assault vehicles approach the USS Wasp during a 2020 ship-to-shore exercise. This is transforming the US Marine Corps into "an archipelagic maneuver force designed to conduct littoral, sea-denial operations," Tangredi said. Ironically, the US Marine Corps is returning to its historical roots. This is what the US Marine Corps did for most of its history since its founding in 1775. AdvertisementAs for Chinese marines, their historical purpose was to storm Taiwan, not garrison tiny atolls on behalf of the navy.

Persons: Sam Tangredi, Tangredi, Lance Cpl, Jacqueline Parsons, Rudyard Kipling, Michael Peck Organizations: US Marine Corps, US, China's, Corps, Chinese Communist Party, CCP, China Maritime Studies, US Naval, PLA, People's, Army, PLAN, People's Liberation Army Navy, People's Liberation Army Navy Marine Corps, Nationalist, War College's Institute for Future Warfare, Marine, USS, US Navy, senior Marine, USMC, US Army, 3rd Littoral Regiment, South China, Marines, Navy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Taiwan, United States, South China, of Africa, East, South, Roman, Vietnam, Iraq, Afghanistan, Pacific, America, Forbes

☆ Shoppers are ready to open their wallets this holiday season — for the right deals
▼ + stars: | 2024-11-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

AdvertisementShoppers are willing to spend this holiday season, but many are still budget-conscious. Shoppers appear ready to spend this holiday season, but many aren't giving up the search for bargains just yet. Multiple signals suggest that some shoppers feel less pinched financially as the biggest shopping season of the year ramps up. As such, many are looking for good deals, as they have been for much of this year, while still spending on the holiday season. Friday's retail sales growth showed "a good early step forward into the holiday shopping season," National Retail Federation Chief Economist Jack Kleinhenz said.

Persons: Claire Tassin, Tassin, Milton, Jack Kleinhenz, Kleinhenz, Doug McMillon, John Rainey, Rick Gomez Organizations: Shoppers, Morning, Retailers, Nordstrom, Bank of America Institute, University of Michigan's, Hurricanes, Retail Federation, Census Bureau, Walmart, Target

☆ Who is Pam Bondi, Trump’s attorney general nominee
▼ + stars: | 2024-11-23 | by ( Hannah Rabinowitz | Evan Perez | ) edition.cnn.com time to read: +9 min

She was elected in 2011 to her first political position – Florida attorney general – and was the first woman to hold that office. “Knowing her as a trial attorney and the attorney general,” Colton told CNN, “I feel that she would be very qualified for this job.”Dave Aronberg, a Palm Beach County state attorney who worked for Bondi when she was attorney general in Florida, told CNN that while Bondi will carry out Trump policies loyally, she is likely to treat Justice Department employees fairly. And for Trump’s opponents, Aronberg said not to expect a better pick for attorney general. “Pam Bondi is the best attorney general that Donald Trump is going to nominate,” Aronberg said. Since leaving the Florida attorney general post in 2019, Bondi has worked Ballard Partners, a lobbying firm with deep ties to Trump and his incoming chief of staff Susie Wiles.

Persons: Donald Trump, Pam Bondi, Matt Gaetz, Trump, Bondi, Gaetz, Trump’s, Todd Blanche, ”, Dwight Gooden, –, Nick Cox –, University of South Florida –, ” Cox, “, Bruce Colton, ” Colton, ” Dave Aronberg, ” Aronberg, Aronberg, John Durham, “ Pam Bondi, Barack Obama’s, Joan Biskupic, John Roberts, Obama, Rick Scott, Ballard, Susie Wiles, baselessly, Joe Biden, Hunter Organizations: CNN, Trump, US Justice Department, Republicans, Justice Department, DOJ, Department of Justice, New York Mets, University of South, ”, Bondi, Obamacare, Reuters, Trump University, Ballard Partners, Foreign, Amazon, General Motors, Uber, Republican National Convention, White, Center, Litigation, Trump America, Policy Institute, Trump – Locations: Florida, Bondi, “, University of South Florida, Beach County, Russia, Washington, Qatar, Pennsylvania

☆ 1,200 baby boomers told us what they regret about investing for retirement
▼ + stars: | 2024-11-23 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +9 min

Millions of Americans facing retirement are worried they won't be financially prepared — or fear that they'll have to work forever. Others said they took Social Security too early or retired without a long-term financial plan. Some older Americans wish they'd had more investing knowledgeA major theme among BI's survey respondents was that they lacked knowledge about investing. She also didn't realize that because she has a pension in addition to receiving Social Security when she retires, she would be affected by a little-known Social Security provision that would lower her monthly check. Between her pension of $713 monthly and Social Security, which she expects will be between $1,200 and $1,400 monthly, she'll have just enough to cover her rent.

Persons: they'd, boomer, Gary Lee Hayes, he'd, Hayes, Charles Schwab, Nancy Seeger, Seeger, she's, I've, Nevenka Vrdoljak, Vrdoljak, PJ White, White, She's, hasn't Organizations: Social Security, Navy, Verizon, Vanguard, Transamerica Institute, Medicare, Bank, America's, Bank of America, Merrill, Bank of America Private Bank Locations: California, Cleveland, San Diego

☆ Vaccines don't cause autism. What does?
▼ + stars: | 2024-11-22 | by ( Liz Szabo | Liz Szabo Is An Independent Health | Science Journalist. Her Work Has Won Multiple National Awards. One Of Her Investigations Led To A New State Law In Virginia. | ) www.nbcnews.com time to read: +9 min

“It’s many, many things under one umbrella.”Although people diagnosed with autism often have similar strengths and challenges, “there are many paths to autism and many presentations of autism,” Miller said. Scientists have identified more than 100 genes related to autism, Miller said, and genes are believed to play a role in 60% to 80% of cases. “We’re making leaps and bounds about known genetic causes of autism.”Yet genes clearly don’t explain every case of autism. But only a fraction of children with the genetic mutation actually develop autism, Miller said. He notes that only 8.4% of the $419 million spent on autism research in the United States is devoted to support and services for people with autism.

Persons: Robert F, Kennedy Jr, ’, Donald Trump, —, United Kingdom —, immunizations, Kennedy, ”, Ari Ne’eman, “, ” Timothy Caulfield, Judith Miller, it’s, Manish Arora, ” Arora, ” Miller, Arora, Catherine Lord, UCLA David, Miller, Gregory Cejas, ” Lord, It’s, he’s Organizations: Department of Health, Human Services, World Health Organization, Network, Harvard, of Public Health, University of Alberta’s Health Law Institute, Center for Autism Research, Children’s Hospital of Philadelphia, Icahn School of Medicine, Autism, UCLA, UCLA David Geffen School of Medicine, Autism Clinical, Washington University School of Medicine Locations: British, United Kingdom, Chan, Canada, “, Mount Sinai, New York, United States

☆ University of Texas System announces free tuition for students whose families earn $100K or less
▼ + stars: | 2024-11-22 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

The University of Texas System announced Wednesday it will expand its free tuition program for lower-income families to include all families making $100,000 or less a year. The free tuition for undergraduate students will begin in the fall of 2025 and will cover tuition and fees. “The combination of these actions today will ensure that average student debt at UT academic institutions continues to decline. UT System Chancellor James B. Milliken said in a statement: “Across UT institutions, enrollment is growing, and student debt is declining, indicating success in both access and affordability. Further, families with an income below $100,000 will have tuition as well as housing, dining fees and allowances for books and personal expenses covered.

Persons: James B, Milliken, ”, Sally Kornbluth, Don’t Organizations: University of Texas System, Regents, UT, UT Austin, Texas, Massachusetts Institute of Technology, MIT Locations: U.S

☆ DOJ says Trenton police violate civil rights, engage in unconstitutional conduct
▼ + stars: | 2024-11-22 | by ( Nbc New York | ) www.nbcnews.com time to read: +5 min

“Police officers must respect people’s civil and constitutional rights and treat people with dignity,” said Assistant Attorney General Kristen Clarke of the Justice Department’s Civil Rights Division in a statement on the report. “After an extensive review, we found that police officers in Trenton routinely failed to respect the Fourth Amendment rights of those who call Trenton home. Also, the report noted, since 2021, accusations of officer misconduct has cost the city more than $7 million to resolve lawsuits. “When police stop someone in Trenton, our investigation found that all too often they violated the constitutional rights of those they stopped, sometimes with tragic consequences. “Even prior to the USDOJ review, the City and the [Trenton Police Department] had already begun to change policies and practices that prioritize community safety, accountability, and respect for civil liberties.

Persons: ”, Kristen Clarke, ” ‘, stomped, Clarke, Philip R, Sellinger, Reed Gusciora, ” Gusciora, “ Organizations: Federal Department of Justice, Trenton Police Department, U.S . Constitution, U.S . Department of Justice, “ Police, Justice Department’s Civil Rights Division, Trenton, Justice Department, “, U.S, District of, Trenton Mayor, Constitution, Internal Affairs, Department of Law, Public Safety, Department of Community Affairs Locations: Trenton , New Jersey, U.S ., Trenton, Trenton , NJ, District of New Jersey, City

North Carolina lawyer Katie Jenifer is trying to prepare one year’s worth of estrogen for her transgender daughter. If the Trump administration still allows trans people to change the gender marker on their passport, Greenesmith said, it might require them to provide proof of gender-reassignment surgery, putting gender-marker changes out of reach for the majority of trans people. There is no existing policy that would allow the government to require people to turn in “X” passports, for example. Katie Jenifer and her transgender daughter, Maddie, at the White House for a Pride Month celebration in June. If that were to happen, she could lose access to health care.

Persons: Ash Orr, Katie Jenifer, Belle, they’re, Donald Trump’s, Heron Greenesmith, ” Greenesmith, Trump, Greenesmith, ”, “, ” Trump, Sasha Buchert, ” Buchert, Stefani Reynolds, I’ve, ” Orr, he’s, Finn Franklin, ” Franklin, “ I’m, ” Finn Franklin, Finn Franklin Franklin, He’s, Maddie, Jenifer, Katie Jenifer Jenifer, ” Jenifer, Trevor, Orr, Bennett Kaspar, Williams, Aldita Gallardo, Gallardo, wasn’t, ” Gallardo, Dahlia Belle, she's, Belle “, ” Belle, it’s Organizations: NBC News, Transgender Law Center, ”, Medicare, State Department, Lambda Legal, Getty, Trans, “, Rogue Community College, Oregon Health & Science University Hospital, Oregon Health, OHSU, Trump, White, Holler Health, Transformation Fund, Emergent, Transformation, U.S, House, Transgender, Society Locations: Virginia, Carolina, Oregon, Massachusetts, U.S, Morgantown , West Virginia, West, “ West Virginia, Grants Pass , Oregon, Washington , Oregon, California, Portland, . North Carolina, West Virginia, Los Angeles, Oakland , California, Louisiana, Birmingham , Alabama, Jacksonville , Florida, Portland , Oregon

☆ DEA passenger searches halted after watchdog finds signs of civil rights violations and racial profiling
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dilanianmug.Jpg | Ken Dilanian | ) www.nbcnews.com time to read: +5 min

The DEA concurred with most of the report’s recommendations but declined to comment. That employee was being paid by the DEA a percentage of the cash seized, the IG found, and had received tens of thousands of dollars over several years. In some cases, the DEA has seized money only to have judges order the government to return it. In 2020, NBC Los Angeles reported that $82,000 was seized by the DEA from an elderly man and his daughter in Pittsburgh. “It’s like I was mugged on the street.”USA Today reported in 2016 that, over a decade, the DEA seized more than $209 million in cash from at least 5,200 people at 15 busy airports.

Persons: General, Lisa Monaco, “, Justice Department “ Organizations: Drug, Administration, Department’s Office, Task Force, Department, Justice Department, Institute for Justice, DEA, Transportation Security Administration, NBC News, Prosecutors, NBC, ” USA Locations: Cincinnati, New York, New Orleans, Columbus , Ohio, NBC Los Angeles, Pittsburgh

☆ Are we any closer to a greener future? Leaders weigh in at the world's largest energy event
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +2 min

Fossil fuels still dominate the global energy mix at 81.5% in 2023, according to the Energy Institute. "It just goes to show how difficult it is to change the energy mix. It's because it takes time," said Lorenzo Simonelli, chairman and CEO of Baker Hughes, a global energy technology company. Takayuki Ueda, the representative director president and CEO of INPEX, a Japanese oil company, reiterated technology's role in the energy transition. Energy companies have been leaning on gas as a "reliable dispatch of power" to meet demand, said Maví Zingoni, CEO of Power at GE Vernova, an energy equipment manufacturing and services company.

Persons: Lorenzo Simonelli, Baker Hughes, Simonelli, Takayuki Ueda, Ueda, Maví Zingoni, Zingoni, Olivier Le Peuch, Le Peuch, CNBC's Dan Murphy Organizations: Energy Institute, CNBC, Energy, Power, GE Vernova, SLB Locations: Abu Dhabi

☆ Why some U.S. companies are scaling back DEI programs
▼ + stars: | 2024-11-22 | by ( Delon Thornton | ) www.cnbc.com time to read: +1 min

Donald Trump's election has left some concerned that his policies could harm diversity, equity and inclusion initiatives, especially given some of his outspoken Cabinet picks and his interest in potentially dismantling the Department of Education. Though some companies are pulling back, many still view DEI as essential. DEI became a top priority for U.S. companies after the 2020 protests following George Floyd's murder. But in the past couple of years, some of these same companies like Google, Meta , Lowe's and Ford have scaled back their DEI initiatives, citing political pressure, high costs and economic uncertainty. Watch the video above to find out more about why some companies are pulling back from DEI initiatives.

Persons: Donald Trump's, Mary, Frances Winters, George Floyd's Organizations: of Education, The, Companies, Harvard Kennedy School, Fortune, McKinsey Institute, Google, Ford

☆ Covid Can Raise the Risk of Heart Problems for Years
▼ + stars: | 2024-11-22 | by ( Nina Agrawal | ) www.nytimes.com time to read: +1 min

Since nearly the start of the pandemic, scientists have known that a Covid-19 infection increases the risk of heart problems. A growing body of research now suggests that this risk can last until well after the infection has cleared. What’s more, the study found that infections severe enough to require hospitalization increased the likelihood of cardiac events as much as — or more than — having previously had a heart attack did. “A lot of people are at even greater risk of heart attack than they were before,” said Dr. David Goff, director for the cardiovascular sciences division at the National Heart, Lung and Blood Institute, which provided funding for the study. So this is really concerning.”Given the volume of evidence now linking Covid-19 to heart inflammation, heart failure, arrhythmia and other cardiovascular issues, experts said, doctors should be taking a closer look at patients’ Covid history.

Persons: What’s, ”, David Goff Organizations: University of Southern, Cleveland Clinic, Blood Institute Locations: University of Southern California, Covid

☆ Trump names former NFL player Scott Turner as his pick for HUD secretary
▼ + stars: | 2024-11-22 | by ( Piper Hudspeth Blackburn | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump on Friday named former NFL player and White House official Scott Turner to lead the Department of Housing and Urban Development. If confirmed by the Senate, Turner would lead an agency that enforces fair housing laws, administers mortgage insurance to prospective homeowners and gives rental subsidies to lower-income families, among other things. In 2019, Turner traveled with former HUD Secretary Ben Carson touting the program. After leaving the league, Turner mounted an unsuccessful run for California 50th Congressional District in 2006. He was elected to the Texas House in 2012 and finished out his term in 2017 after losing a bid for the state House speakership.

Persons: Donald Trump, Scott Turner, Turner, Ben Carson, “, ” Turner Organizations: CNN, NFL, White, of Housing, Urban, Senate, Center for Education Opportunity, America, Policy Institute, Council, Trump, Economic, Washington Redskins, Washington Commanders, San Diego Chargers, Denver Broncos, California, Congressional District, Texas House Locations: Texas, Washington

☆ Xi was unusually frank in spelling out China's 4 'red lines' for the US, a clear warning for Trump's China hawks
▼ + stars: | 2024-11-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Xi outlined China's "red lines" for the US, including the country's rights to development. He told Washington not to cross "four red lines" — which analysts say is a clear message for the incoming Trump administration. Foreign Minister Wang Yi has warned about not crossing Beijing's "red lines" in the past. AdvertisementXi's language raised some eyebrows, with analysts calling it "harsh" and deeming China's foreign ministry readout "strikingly negative" in some sections. Related storiesXi named Taiwan President William LaiOf the four "red lines," Taiwan is the most sensitive issue between the two countries, as Xi has repeatedly said over the years.

Persons: Jinping, Biden, Xi, Xi Jinping, Joe Biden, Washington, Trump, Igor Khrestin, George W, Khrestin, it's, Wang Yi, Florida Sen, Marco Rubio —, Beijing —, Jersey Lee, William Lai, William Lai Ching, Democratic Progressive Party —, Lai Ching, Lai, Tsai Ming Organizations: Trump, APEC Economic, Bush Institute, Trump Administration, Business, Beijing, State, Lowy, Democratic Progressive Party, Taiwan's National Security Bureau Locations: Beijing, China, Lima , Peru, Taiwan, Florida, United States, US, Ukraine

☆ Citadel's Ken Griffin considers selling minority shares whilst handing out political advice to Trump
▼ + stars: | 2024-11-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, billionaire Ken Griffin has some advice for President-elect Donald Trump, including a suggestion for his Treasury pick . While speaking Thursday at the Economic Club of New York, Griffin said he appreciates the importance of those issues to Americans but said aggressive tactics to address them could make things work. Griffin is one of the biggest donors to the Republican Party, but declined to publicly endorse either presidential candidate this year. AdvertisementModeration hasn't been the name of the game for Trump with some of his proposed policies. AdvertisementHe said he'd be open to selling a minority stake in his hedge fund to the right partner.

Persons: it's, Ken Griffin, Donald Trump, Trump Ken Griffin, Mike Blake, Insider's Bradley Saacks, Michelle Abrego, Griffin, Manny Roman, Trump, Marc Rowan, Rowan, Alexander Tamargo, Thoma Bravo Griffin, he'd, Zalubowski, Chelsea Jia Feng, Elon, Paul, Tyson, Megyn Kelly, Tucker Carlson Ron Antonelli, Chip Somodevilla, Rebecca Zisser, Tucker Carlson, Bari Weiss, BI's Peter Kafka, Chris Balfe, Ridley Scott's, You've, Dan DeFrancesco, Jack Sommers, Grace Lett, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Treasury, Trump, Citadel, Milken, Global Conference, Reuters, Economic, of New, Republican Party, Citadel Securities, Sequoia, Millennium Management, BlackRock, Chelsea, Getty, Netflix, Bank of America, NY Daily, Fox News, Auto, Ford, GM, Volkswagen Locations: Beverly Hills , California, U.S, of New York, Montreal, New York, London, Chicago

CNN —President-elect Donald Trump’s Treasury secretary pick stands in stark contrast to some of the more controversial and questionable Cabinet picks he’s announced so far. In many respects, the Treasury secretary is the quarterback of the economy. Wall Street was unfazed by the selection. One of the Treasury secretary’s jobs is to help keep Wall Street calm and confident during times of economic or market turmoil. The Treasury secretary works closely with both the central bank and the White House.

Persons: Donald Trump’s, he’s, Scott Bessent, “ Scott Bessent, ”, Glock, “, Trump, Matt Gaetz, Robert F, Kennedy, Jr, MAGA, ” Glock, Bessent, Elon Musk, Cantor Fitzgerald, Howard Lutnick, Musk, Lutnick, –, Isaac Boltansky, “ Scott, I’ve, Kyle Bass, Xi Jinping, Jerome Powell Organizations: CNN, Manhattan Institute, Trump loyalists, Treasury, Soros Fund Management, Fox News, Trump, Commerce, Street, Hayman Capital Management, Dow Jones, White Locations: Bessent, China, Argentina

☆ TJ Maxx says Trump’s tariff ‘chaos’ will help the chain
▼ + stars: | 2024-11-22 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But TJ Maxx believes that Trump’s tariff plans will benefit the discount chain. TJX, the parent company of TJ Maxx, Marshalls and HomeGoods, said Wednesday that the “chaos” Trump’s tariffs may bring to the retail industry plays right into its business model. Tariffs are taxes placed on imported goods designed to protect domestic manufacturers. Unlike most brands and retailers, TJX says it only imports a small, undisclosed percentage of its merchandise from factories overseas. “In other words, even if prices do generally rise because of tariffs, TJX will still be relatively cheaper.”

Persons: Donald Trump’s, TJ Maxx, it’s, ”, Ernie Herrman, ” “ That’s, TJX, Trump, Herrman, Lowe’s, Steve Madden, John David Rainey, ” Neil Saunders Organizations: New, New York CNN — Companies, Marshalls, Companies, National Retail Federation, “ Manufacturers, Peterson Institute for International Economics, Walmart, CNBC, GlobalData, CNN, “ Locations: New York, HomeGoods, East, China, TJX

☆ Opinion | We Wanted a New Republican Party. Trump Delivered.
▼ + stars: | 2024-11-22 | by ( Ross Douthat | ) www.nytimes.com time to read: +55 min

Barack Obama was elected president, and the mood in the Republican Party picked up on the mood you’ve already described. But in the end, what he did electorally was not in that election to build the pan ethnic working class Republican Party. But at the very least, there was the conventional wisdom was that the Republican Party had to move substantially to the left on immigration. I just think that if the Republican Party is not the party of private property and wealth building, so I don’t think. Is there any chance that the Republican Party is about to not be the party of private property and wealth building No, no, I think you’re right.

Persons: I’m Ross Douthat, Donald Trump didn’t, Trump, I’ve, Reihan Salam, Reihan, George W, I’m, pry, Ross, Ross Douthat, let’s, Bill Kristol, Bush, Boomer, Giuliani, Ronald Reagan, wasn’t, Bill O’Reilly, Ross Reihan, Bush’s, Barack Obama, Obama, That’s, Mitt Romney, Paul Ryan, Ryan, Rush Limbaugh, notionally, Jeb Bush, Marco Rubio, Bill Clinton, Donald J, Let’s, it’s, It’s, ”, Donald Trump, Rudy Giuliani, Will, electorally, Romney, we’d, didn’t, Pat, John McCain, Frank, Kavanaugh, Trump’s, George Floyd, Biden, hadn’t, progressivism, premised, ender, New Party ”, ryan, neoliberals, Steve Bannon, Steve Moore, we’re, Moore, Bannon didn’t, COVID, JD Vance, Elon Musk, Musk, he’s, Vance, hasn’t, Clinton, Hillary Clinton, Margaret Thatcher’s, Reagan, Roosevelt, Republican policymaking, we’ve Organizations: New York, Republican Party, Manhattan Institute for Policy Research, New Party, New York Times, Harvard Institute of Politics, Harvard, The, Democratic, Great Society, Republicans, Republican, Reagan Democrats, Tribune, Trump, Perot, Tea Party, Party, Social Security, Grand New Party ”, Romney, Obama Trump voters, GOP, Amnesty, Reagan, Biden, American, America, romney, Infrastructure, Clinton Democrat, Uc Locations: Washington , DC, Northwestern, Washington ,, New York, Washington, Iraq, America, “, China, American, United States, Clinton, it’s, Nevada

ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos saw their operating profits decline by nearly 14% in the third quarter of this year, figures released Friday by New Jersey gambling regulators show. The state Division of Gaming Enforcement issued statistics showing that the nine casinos had a collective gross operating profit of $236.5 million in the third quarter. “Consumer demand may have been an issue for Atlantic City’s casino operators in summer 2024,” said Jane Bokunewicz, director of the Lloyd Levenson Institute at Stockton University, which studies the Atlantic City gambling industry. Revenue from things other than gambling also underperformed in the third quarter at $511.6 million, down 5% from a year earlier. Among internet-only entities, Caesars Interactive NJ earned $4.8 million, down 7.8%, and Resorts Digital, the former online arm of Resorts casino, earned $1.5 million, down 4.8%.

Persons: ”, Jane Bokunewicz, Lloyd Levenson, James Plousis, ” Gross, Harrah's, Bally's, Wayne Parry Organizations: CITY, of Gaming, bettors, Atlantic, Stockton University, New Jersey Casino Control, Ocean, Tropicana, Caesars, Golden, Resorts, Caesars Interactive, Resorts Digital, Associated Press Locations: N.J, New Jersey, Atlantic City

☆ How the EV era is challenging leading engine maker Honda
▼ + stars: | 2024-11-22 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

Honda is the world's largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. Honda does have an in-house EV plan and its own platform. It's sinking $65 billion into EVs and software globally, including $11 billion in Canada and $3.5 billion for upgrades to facilities in the United States.

Persons: it's, Karl Brauer, they'd, Jake Fisher, Honda's, Gregory Noble Organizations: Honda, Acura, Ferrari, Lamborghini, Porsche, McLaren, Consumer, U.S, General Motors, Detroit, Toyota, University of Tokyo's Institute of Social Science Locations: U.S, China, Canada, United States

☆ China is armed and ready for trade war 2.0 with Donald Trump
▼ + stars: | 2024-11-22 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.

Persons: Donald Trump, Trump, ”, Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, “, Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, —, Shanghai, New York, “

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