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Andrew Harnik | Getty ImagesPresident-elect Donald Trump's return to the White House is poised to have big impacts on consumer health care. CMS, in turn, administers the Affordable Care Act marketplace and the Children's Health Insurance Program (CHIP), among other endeavors. A spokesperson for Trump's transition team did not respond to a request from CNBC for comment about the President-elect's health policy plans. Still, it's a 'big' gamble to forgo health insurance Around 3.8 million people will lose their health insurance if the subsidies expire, the Congressional Budget Office estimates. Short-term health insurance plans offer coverage for limited amounts of time, and typically on fewer medical services than comprehensive coverage.
Persons: Donald Trump, Andrew Harnik, Donald Trump's, Michael Sparer, Sparer, Trump, Robert F, Kennedy Jr, Kennedy, who's, Mario Tama, Cynthia Cox, I'd, Cox, Sabrina Corlette, Georgetown University's, Corlette, Carolyn McClanahan, Larry Levitt, Levitt, enrollee, they're, Yasin Ozturk, Biden, It's, Organizations: Base Andrews, Getty, Affordable, Trump, Republican, Columbia University, of Health Policy, Management, of Health, Human Services, Medicare, Services, CMS, Children's Health Insurance, Washington Post, The Washington Post, CNBC, Providence St, Mary Medical Center, Finance, American, ACA, Cox, Congressional, Office, Republicans, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Planning Partners, Medicaid, Social Security, Maskot, of Columbia, U.S, Capitol, Washington , D.C, Anadolu Agency, GOP, Corlette, pharma, Centers Locations: Base Andrews , Maryland, U.S, Duluth, Apple Valley , California, Jacksonville , Florida, Washington ,
Here are some of the things Trump has pledged and how or whether they could become reality:Abolishing the Department of EducationPledge: Trump has repeatedly said he will close the federal Department of Education, sending authority over education back to the states and saving taxpayer dollars. Trump has distanced himself from the policy paper, but a CNN review found that at least 140 people who worked in the first Trump administration were involved. How it could be done: It’s not clear how the Trump administration could achieve these goals. But the new Trump administration could set certain requirements that schools must meet to receive federal funding. The Trump administration could decide to rescind the repayment plan, which was created by a regulatory process.
Persons: Donald Trump, , , Trump, Joe Biden, Betsy DeVos, Robert Enlow, Brian Snyder, ” Trump, Derrell Bradford, Biden, it’s, It’s, Vanessa Kelly, Thomas Toch, Georgetown University’s, ” Toch, Gene J, , doesn’t, Congress –, Trump’s, Obama Organizations: Washington CNN —, , Department of Education, of Education, Education, Labor, Department of Health, Human Services, Heritage Foundation, CNN, of Education’s, Civil Rights, Department of Justice, Department of Treasury, Base Andrews, Reuters Universal, Trump, Vance, , Fox Business, Republican, Children, IX, GOP, Biden, Department, Justice, Georgetown, Georgetown University’s McCourt School of Public, Penn State University, 8th, Public, Congress Locations: Maryland, Washington
Election officials in pivotal battleground states including Pennsylvania, Michigan and Arizona have all tried – and largely failed – to fact-check Musk in real time. Election officials say they are simply outmatched up against Musk’s followers and the X algorithm. “Election officials, they have a very hard job – their job is to be election officials not to be Tweeters,” said Renée DiResta, an expert in disinformation and an associate research professor at Georgetown University’s McCourt School of Public Policy. Election officials in Pennsylvania are similarly attempting to fact-check Musk’s false claims on X but acknowledge those efforts are unlikely to stymie the spread of election lies. In Georgia, election officials see little point in trying to engage with Musk directly, instead turning to the method they relied on in 2020 to beat back misinformation: Regular press conferences with election officials rebutting the latest election falsehoods.
Persons: CNN — Elon, CNN they’re, “ I’ve, , Stephen Richer, “ We’ve, ” Richer, Donald Trump, Joe Biden, , Jocelyn Benson, ” Benson, Musk, Benson, , Renée DiResta, Georgetown University’s, DiResta, “ It’s, Nina Jankowicz, I’d, Elon Musk, Jim Jordan’s, they’ve, ” Jankowicz, I’ve, ” Sen, Mark Warner, X, Nick Pickles, Pickles Organizations: CNN, Republican, Trump, Georgetown, Georgetown University’s McCourt School of Public, Musk’s America PAC, American Sunlight, Meta, Republicans, Democrats, Capitol, Virginia Democrat, Global Affairs Locations: Pennsylvania, Michigan, Arizona, Maricopa County, Wolverine, Georgia
An eighth-inning rally capped by sacrifice flies by second baseman Gavin Lux and outfielder Mookie Betts put the Dodgers in front. This title, the eighth in franchise history, can stand beside the Dodgers’ trophy from the pandemic-shortened season in 2020. The precedent feels preposterous until you consider the current Dodgers who will one day join them in the Hall of Fame. “Mark,” he told Freeman, “wants to win really bad.” That desire became clear to Ohtani when he met with the Dodgers. After Freeman launched his grand, Gibsonian walkoff in Game 1 against the Yankees, the Dodgers got the job done.
Persons: Walker Buehler, Buehler, Tommy John, Freddie Freeman, Gerrit Cole, Blake Treinen, Gavin Lux, Mookie Betts, Figueroa, Ohtani, Yoshinobu Yamamoto, Dave Roberts, Andrew Friedman, ’ ” Friedman, Jackie Robinson, Sandy Koufax, Don Drysdale, Duke Snider, Roy Campanella, Pee Wee Reese, Roberts, Friedman, Mark Walter, Frank McCourt, Walter’s, Walter, Stan Kasten, Kasten, ” Kasten, Justin Turner, Joc Pederson, gaffes, Trevor Bauer, groused, Max Scherzer, Jake Cronenworth, Lance Lynn, Eddie Rosario, “ We’ve, ” Roberts, “ That’s, Yamamoto, Freeman, “ Mark, , , Tyler Glasnow, Teoscar Hernández, Ippei Mizuhara, Betts, Glasnow, , Max Muncy, “ We’re, ” Muncy, Yu Darvish, Gibsonian, Jack Flaherty, Cole, Aaron Judge, Anthony Volpe, Hernández, Alex Vesia, Graterol, Juan Soto, Soto, Giancarlo Stanton lofted, Flaherty, Treinen toiled, Daniel Hudson, Treinen, Jazz Chisholm, Treinen steeled, Stanton, Anthony Rizzo, Volpe, Wells, Alex Verdugo, Elsa, Getty Organizations: New York Yankees, Los Angeles Dodgers, Dodgers, Yankee, homering, Yankees, Dodger, Boys, of Fame, Walter’s Guggenheim Baseball Management, Atlanta Braves, Washington Nationals, National League West, Tampa Bay Rays, American League East, , Houston Astros, Boston Red Sox, Hall of Fame, Navy, National League, Arizona Diamondbacks, Athletic, Diamondbacks, San Diego Padres, of Famers, Padres, New, Yankees miscues, Buehler Locations: Brooklyn, Southern California, Cooperstown, West, Arlington , Texas, Los Angeles, , Arizona, Atlanta, Lux, Treinen
"I'm not running to terminate the ACA," former President Donald Trump wrote in a Truth Social post in March. That is, unless he could "come up with a plan that's going to cost our people, our population, less money and be better health care than Obamacare." Around 60% of Americans hold a favorable opinion of the 2010 health care law, a recent KFF poll found. The Harris campaign released a report on Monday that paints a dire picture of health care under a hypothetical Trump administration. The average ACA plan deductible, or amount a person must spend before their coverage kicks in, was over $3,000 in 2024, with some plan deductibles exceeding $7,000, KFF found.
Persons: Charles Schumer, Hakeem Jeffries, Chip Somodevilla, Donald Trump, Trump, Barack Obama's, Cynthia Cox, Cox, they'll, Harris, it's, Joseph Costello, " Costello, Joe Raedle, Deductibles, KFF, Sabrina Corlette, Georgetown University's, Mark Duggan, Wayne, Jodi Cooperman, they're Organizations: Affordable, U.S, Capitol, Senate, Obamacare, American, ACA, Cox, Leading Insurance Agency, Democratic, Center, Health, Georgetown, Georgetown University's McCourt School of Public, Stanford University, Republicans, Congressional, Office, KFF Locations: Washington ,, KFF, Miami , Florida, Texas , Wyoming, Florida
TikTok's legal showdown begins: Here's what's at stake
  + stars: | 2024-09-16 | 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 EmailTikTok's legal showdown begins: Here's what's at stakeFrank McCourt, Project Liberty founder, joins 'Squawk Box' to discuss TikTok's court hearing today to stop a possible ban or sale of the all in the U.S., the national security risk posed by the app, his plans to buy TikTok, and more.
Persons: Here's, Frank McCourt Organizations: Liberty Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Trivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourtTrivariate's Adam Parker, Requisite’s Bryn Talkington and Raymond James' Tavis McCourt, join 'Closing Bell' to discuss market sentiment and breadth and their expectations for the Fed and earnings.
Persons: Trivariate's Adam Parker, Requisite’s Bryn Talkington, Raymond James ' Tavis McCourt, Adam Parker Organizations: Fed
Former President Donald Trump says that he wants to make in vitro fertilization treatments free of cost, either by requiring insurance companies to cover the procedure or federally funding it. "Because we want more babies, to put it very nicely," Trump said at a campaign rally in Michigan on Aug. 29. Since then, neither Trump nor his campaign has offered details on how such a plan might be paid for. But health care experts are skeptical that Trump could implement such a policy on his own. And winning support for free IVF among his fellow Republicans in Congress could prove exceptionally difficult.
Persons: Donald Trump, Trump, Kamala Harris, Alina Salganicoff, Salganicoff, Sabrina Corlette, Georgetown University's Organizations: U.S, Alro Steel, Trump, Democratic, KFF, Affordable, Center, Health, Georgetown, Georgetown University's McCourt School of Public Locations: Potterville , Michigan, Michigan, Women's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRaymond James' Travis McCourt says he's bracing for 'the third unwind' in the consumerTravis McCourt, Raymond James institutional equity strategist, joins 'The Exchange' to discuss the markets as he anticipates a third unwind coming for the markets.
Persons: Raymond James, Travis McCourt
Instead of giving up, Colonel Sanders embraced the changes sweeping society. Even after he sold his company, he scorned the idea of retirement, staying on as a consultant and board member and embodying his Colonel Sanders persona in commercials and more. For decades, as a middle-class wife, mother and secretary living in Queens, she kept the pilot light on by taking tiny parts in tiny plays with tiny audiences. Wilder's "Little House" books, treasured by millions, became an enduring chronicle of family life on the American frontier. Four years later, she reconnected with her junior high crush and high school boyfriend, Harry Kullijian.
Persons: Estelle Getty, Rue McClanahan, Bea Arthur, Betty White, Mick Jagger, lopes, Roctogenarians, Harland David Sanders, Sanders —, , Colonel Sanders, Sanders, they'd, Sophia Petrillo, Henri Matisse, Matisse, Norman Lear, Rita Moreno, Lear, Laura Ingalls Wilder, Frank McCourt, hilariously, Carol Channing, Harry Kullijian Organizations: Social, Bluegrass State, KFC Locations: Corbin , Kentucky, Kentucky, American, York's, Queens, East, Hollywood, Limerick, Ireland
Oracle warns that a TikTok ban would hurt business
  + stars: | 2024-06-24 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
A U.S. ban of TikTok might hurt Oracle 's business, the software company acknowledged in its annual report on Monday. TikTok said Oracle would also be responsible for compiling the app and delivering it to third-party app stores. "The one thing I can tell you is we have an excellent relationship with the folks at TikTok," Oracle CEO Safra Catz said on a 2022 conference call with analysts. Following the bipartisan legislation this year targeted at TikTok, and Biden's signing of the bill mandating its sale, TikTok filed a lawsuit arguing that the law violates First Amendment free speech protections. Oracle's cloud infrastructure revenue for the fiscal year came to $6.9 billion.
Persons: Safra, Oracle, Joe Biden, Donald Trump, Weeks, TikTok, Safra Catz, Frank McCourt, Steven Mnuchin, Oracle hasn't, TikTok didn't, Carnegie's Peter Harrell Organizations: Oracle, Capitol, Palantir Technologies, Oracle Corp, Hamas, Microsoft, U.S . Treasury Department Locations: Washington, Israel, Gaza, U.S, China, TikTok, Texas
Frank McCourt, civic entrepreneur, executive chairman of McCourt Global and founder of Project Liberty, speaks at The Wall Street Journal’s Future of Everything Festival in New York City, U.S., May 22, 2024. "I don't want to be the CEO of a social media platform. His pitch has drawn a key group: Parents whose children died after being influenced by social media or bullied on various platforms. He founded the non-profit Project Liberty to build a healthier version of social media. Project Liberty is working with Guggenheim Securities and law firm Kirkland & Ellis to buy the viral video platform.
Persons: Frank McCourt, McCourt, Frank's, Sam Chapman, Sammy, Chapman, Kirkland, Ellis Organizations: McCourt Global, Project Liberty, Everything, Liberty, Guggenheim Securities Locations: New York City, U.S
Kevin O'Leary said on Tuesday that he wants to crowdfund buying TikTok. The move comes after US lawmakers agreed on a plan to ban Chinese-owned TikTok unless it is sold. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The "Shark Tank" investor said on Tuesday that he set up a crowdfunding website to gauge interest in collectively buying the social media platform. The site allows anyone to "reserve" spots to become investors in the potential US version of TikTok.
Persons: Kevin O'Leary, Frank McCourt, Steven Mnuchin, , It's Organizations: Los Angeles Dodgers, Service
Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.
Persons: , Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China
The billionaire Frank McCourt has put up his hand. Mr. McCourt said Wednesday he was working to put together a group of bidders to buy the social media app. His goal in doing so is to rethink how TikTok, and the internet overall, use data and consider privacy. “This seemed like a great opportunity to actually create the alternative to the current internet, which has been colonized by large platforms and including TikTok,” Mr. McCourt said in an interview. He said the deal could help users “control their identity, own and control their data.”
Persons: Frank McCourt, McCourt, Jonathan Haidt, Mr, Organizations: Los Angeles Dodgers, Facebook, Liberty
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemafor's Ben Smith: People are not in love with TikTok, but they love creators and short videosBen Smith, Semafor co-founder and editor-in-chief, joins 'Squawk Box' to discuss billionaire Frank McCourt's interest in buying TikTok, who would benefit if the social media is banned in the U.S., and more.
Persons: Semafor's Ben Smith, Ben Smith, Semafor, Frank McCourt's Locations: U.S
Frank McCourt, a real estate billionaire and the former owner of the Los Angeles Dodgers, said Wednesday he is laying the groundwork to acquire TikTok as part of a broad initiative to make a healthier internet. Still, McCourt said, the potential opportunity to acquire TikTok is a chance to rewire how social media works. “We can, and must, do more to safeguard the health and well-being of our children, families, democracy and society,” McCourt said in a statement. McCourt joins a host of other would-be suitors angling to pick up a platform used by 170 million Americans. A group of eight TikTok creators on Tuesday also filed a separate lawsuit challenging the potential ban.
Persons: Joe Biden, TikTok, Frank McCourt, McCourt, ” McCourt, Kirkland, Ellis, Sir Tim Berners, Lee, Steven Mnuchin, Kevin O’Leary, , , Topher Townsend, ” TikTok Organizations: New, New York CNN, Los Angeles Dodgers, TikTok, Guggenheim Securities, Former, O’Leary Ventures, US Department of Justice Locations: New York, United States, China
One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.
Persons: Donald Trump, it’s, , Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, , Russell Vought, , you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, , Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia
Malachy McCourt, who fled a melancholic childhood in Ireland for America, where he applied his blarney and brogue to become something of a professional Irishman as a thespian, a barkeep and a best-selling memoirist, died on Monday in Manhattan. His death, in a hospital, was confirmed by his wife, Diana McCourt. In 1952, when he was 20, the Brooklyn-born Mr. McCourt reunited with New York. Frank would also become a late-blooming author, whose books included the Pulitzer Prize-winning autobiographical work “Angela’s Ashes” (1996). The family, Malachy would write, was “not poor, but poverty-stricken.”
Persons: Malachy McCourt, Diana McCourt, McCourt, Frank McCourt, Frank, Malachy, Angela, Organizations: America Locations: Ireland, Manhattan, Brooklyn, New York, Limerick
“The Republican Party is not really a conservative party anymore – it’s a populist party,” he says. “What are the incentives for conservatives to take these positions?” asks Joshua Huder, senior fellow at Georgetown University’s McCourt School of Public Policy. “This Republican Party is spiraling out of control. Last week, the RNC reported its lowest fundraising totals in 10 years, entering 2024 with just $8 million in cash on hand. Prosecutors are seeking $370 million – a loss that has the potential to ruin him financially ahead of the November election.
Persons: Donald Trump, , Trump, , David Barker, , Mike Johnson, Alejandro Mayorkas, Johnson couldn’t, Joshua Huder, Georgetown University’s, Johnson, Sen, Chris Murphy, it's Donald Trump –, who’s, Mitch McConnell’s, – Sen, Ted Cruz, Mike Lee of Utah, Ron Johnson of, Mitch ” trended, intraparty, Mitch McConnell, ” Huder, I’m, Ronna McDaniel, isn’t, Joe Biden Organizations: Republican National Committee, Republican, Republican Party, American University, Center, Congressional, Presidential, Republicans, Homeland, Israel, Georgetown, Georgetown University’s McCourt School of Public, Senate, Connecticut Democrat, RNC, South Carolina, U.S ., Trump, Capitol, Prosecutors Locations: Connecticut, Ted Cruz of Texas, Ron Johnson of Wisconsin, underperformed, Washington, Manhattan
And it still remains the case that bitcoin futures are regulated, and spot bitcoin is not," Simeon Hyman, head of the investment strategy group at ProShares, told CNBC. One theory for why the futures ETF has continued to have success is that there are listed options for bitcoin futures products, but not for the spot products, said Aniket Ullal, head of ETF data and analytics at CFRA. The ProShares futures ETF may also be getting helped by increased action in the futures market itself. To be sure, not all bitcoin futures products are going strong. VanEck announced Jan. 17 that it was liquidating its bitcoin futures ETF.
Persons: FactSet, Simeon Hyman, Aniket Ullal, Ullal, Hyman, it's, Tim McCourt, VanEck, Jan, BITO Organizations: CNBC, CME Group Locations: United States, bitcoin
Raymond James is bracing for a "mild" recession in the new year that will likely result in only "modest positive gains" for equities in 2024. "Single Digit Returns A Decent Base Case," he added. In Raymond James' base case scenario, or what it believes is the most likely assumption, McCourt said that corporate profit expectations likely need to come down. Heading into the new year, Raymond James favors several stock sectors, among them medical devices, financial services and insurance issues. In its base case scenario, real estate, utilities and telecom offer the best risk-reward.
Persons: Raymond James, Tavis McCourt, McCourt, — CNBC's Michael Bloom Organizations: Nasdaq
"Right now, there are only a handful of companies with the resources needed to create these large-scale AI models and deploy them at scale. McCourt also thinks AI could give too much power to tech giants. The inventor of the web, Tim Berners Lee, has also raised concerns about the concentration of power among the tech giants. On AI, however, he feels that while the technology giants now are leading the way, there is space for disruption. These are AI models that are not owned by a single entity, such as Google or Microsoft, and instead can be developed and added to by anyone.
Persons: OpenAI's ChatGPT, Meredith Whittaker, Whittaker, Maven, Frank McCourt, McCourt, Tim Berners Lee, Jimmy Wales, that's Organizations: Tech, Microsoft, Google, CNBC, Department of Defense, Los Angeles Dodgers, team, Liberty, Wales Locations: U.S, China, Wales
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe internet is broken — and there’s a lot of harm being caused, Project Liberty founder saysFrank McCourt Jr., founder and executive chairman at Project Liberty Action Network, says the internet needs a reset to fix some of its problems and individuals should be able to regain control of their data.
Persons: Frank McCourt Jr Organizations: Project Liberty, Liberty Action Network
At least two million low-income children have lost health insurance since the end of a federal policy that guaranteed coverage through Medicaid earlier in the Covid-19 pandemic, according to new analyses by researchers at the Georgetown Center for Children and Families and KFF, a health policy research organization. The figures, which are likely a significant undercount, represent one of the fastest and most dramatic ruptures in the American safety net since Medicaid went into law in 1965, experts say. Many of the children were qualified for federal assistance but lost it because of bureaucratic mistakes, such as missing paperwork or errors by state officials. It is not clear how many of these children have found new coverage in the more than seven months since the Medicaid rolls began shrinking, but at least one million are likely to still be uninsured, said Joan Alker, the executive director of the Georgetown center and a research professor at the university’s McCourt School of Public Policy. The trend is accelerating: In the coming weeks, she said, new state numbers will probably show that three million children have lost coverage.
Persons: Joan Alker Organizations: Georgetown Center for Children, university’s, School of Public Policy Locations: Georgetown
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