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President-elect Donald Trump has tapped Elon Musk to help spearhead cuts to government spending, and the defense sector could be a prime target. But Musk's past comments hint at one area he could target: defense contracts. Musk built SpaceX's business model around fixed-price contracts. Musk's new initiative could recommend exactly this: a move away from cost-plus contracts toward fixed-price contracts. An aerial view of the Pentagon AP Photo/Patrick Semansky, FileMusk's new initiative may target other areas of Pentagon spending, as well.
Persons: Donald Trump, Elon, Elon Musk, It's, Trump, Musk, Julia Demaree Nikhinson, Clayton Swope, Walter Isaacson's, Swope, John Raoux Overspending, Gerald R, Mike Gallagher, Gallagher, Ford, Steve Helber, Bryan McGrath, Todd Harrison, , Harrison, Michael Bohnert, they've, Archer Macy, Patrick Semansky, John Harvey Jr, Mississippi Sen, Roger Wicker Organizations: Defense, Pentagon, Department of Government, SpaceX, NASA, AP, Center for Strategic, International Studies, Services, International Space, Kennedy Space Center, Littoral, Ford, DoD, Republican, Palantir Technologies, Newport News Shipbuilding, American Enterprise Institute, Shipbuilding, BAE Systems, RAND Corporation, CSIS, US Air Force, Navy, Senate Armed Services Committee Locations: Pennsylvania, Columbia, China, Wisconsin, Virginia, Mississippi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe next Defense Secretary needs an aggressive reform agenda, says Palantir's Mike GallagherMike Gallagher, Palantir head of defense and former U.S. Congressman (R-Wis.) joins 'Squawk Box' to discuss the list of President-elect Trump's appointees in his incoming administration, the geopolitical threats facing Trump in his second term, reforming the Pentagon, and more.
Persons: Mike Gallagher Mike Gallagher, Palantir, Trump's, Trump Organizations: Pentagon
watch nowTesla and SpaceX CEO Elon Musk has engaged in secret talks with Russian President Vladimir Putin since late 2022, according to reporting published Thursday by The Wall Street Journal. Currently, the SpaceX website says that a "service date is unknown at this time," for Starlink in Taiwan for general customers. Musk and representatives for X, SpaceX and Tesla did not immediately respond to requests for comment. The conversations between Musk and Putin, who once ran the KGB, reportedly occurred as Musk was in the midst of a leveraged buyout and takeover of Twitter. He continued to promote the idea, via X (formerly Twitter) that some Ukraine citizens would prefer to join Russia.
Persons: Elon Musk, Vladimir Putin, Putin, Musk, withold, Xi Jinping, Bill Nelson, Donald Trump's, Donald Trump, Anna Moneymaker, Mike Gallagher, StarShield, Tesla, NASA's, Joe Raedle, Ian Bremmer, Volodymyr Zelenskyy, Sen, Lindsay Graham, Garry Kasparov, Lisi Niesner, Yuri Milner, Dana Rohrabacher, Rohrabacher, Rohrabacher's Organizations: SpaceX, Wall Street, Republican, Pentagon, NASA, Department of Defense, CNBC, ., NBC, X, KGB, Twitter, Polaris, NASA's Kennedy Space Center, Eurasia Group, NATO, Kremlin, Eastern Economic, Reuters, SXSW, Roscosmos, Russian Space Locations: U.S, Russia, Ukraine, Taiwan, Beijing, Washington, Butler , Pennsylvania, China, Starlink, Cape Canaveral , Florida, Crimea, Ukrainian, Sevastopol, Vladivostok, Bakhmut, Donetsk region, Silicon, Russian, Orange County , California, Moscow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect a much more aggressive approach on China in a Trump administration: Palantir's Mike GallagherMike Gallagher, Palantir head of defense and former U.S. Congressman (R-Wis.), joins 'Squawk Box' to discuss the foreign policy differences between former President Trump and Vice President Harris, state of U.S.-China relations, how to best fix defense spending, and more.
Persons: Mike Gallagher Mike Gallagher, Palantir, Trump, Harris Locations: China, U.S
Valued at $4 billion in 2021, Cerebras is reportedly seeking to roughly double that in its IPO. The customer, G42, is backed by Microsoft , and it's entirely responsible for the $1.43 billion purchase commitment. G42 can pick up $500 million more in Cerebras shares if it commits to spend $5 billion on the company's computing clusters. The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market. Fitch, who said he sold out of his Nvidia stock years ago, told CNBC that the benefits outweigh the risks.
Persons: Andrew Feldman, Ramsey Cardy, Cerebras, , David Golden, it's, prepayment, CFIUS, Mike Gallagher, Gina Raimondo, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Young, There's, Peter Thiel, Eva Marie Uzcategui, there's, Thiel, Jim Fitch, Fitch, Feldman Organizations: Cerebras Systems, Nvidia, Revolution Ventures, JPMorgan Chase, Microsoft, AstraZeneca, GlaxoSmithKline, Mayo Clinic, Treasury, Foreign Investment, Reuters, Chinese Communist Party, JPMorgan, Citigroup, Barclays, BDO, KPMG, Deloitte, Ernst, Riverstone Networks, CoreWeave, Clarium Capital Management LLC, Bloomberg, Getty, Mizuho Securities, Venture, CNBC, Devices Locations: Toronto, U.S, Sunnyvale , California, Abu Dhabi, China, Miami , Florida, Los Angeles, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe key source of Middle East disorder is that Iran doesn't feel deterred: Palantir's Mike GallagherMike Gallagher, Palantir head of defense and former U.S. Congressman (R-Wis.) joins 'Squawk Box' to discuss President Biden's UNGA address, state of the Middle East conflict, dealing with Iranian threat, whether a ceasefire can be achieved, and more.
Persons: Mike Gallagher Mike Gallagher, Palantir, Biden's UNGA Locations: Iran
Read previewIt was probably the most noteworthy thing to come out of Kamala Harris' much-anticipated CNN interview late last month: The Vice President, if elected, pledged to appoint a Republican to her Cabinet. "It may be difficult to find a rational, sane person who still identifies as a Republican" that would agree to serve in Harris' cabinet, Sen. Richard Blumenthal of Connecticut quipped. "There are a lot of Republicans that I think are capable of assuming Cabinet positions," Rep. Jim McGovern of Massachusetts said. "I'm not floating people's names for particular positions," Rep. Ro Khanna of California said, shortly after heaping praise on Republican Rep. Brian Fitzpatrick of Pennsylvania and former Republican Rep. Mike Gallagher of Wisconsin. Though he said Harris' pledge was a "positive step," he made clear on Tuesday that he's not interested in serving in her administration.
Persons: , Kamala Harris, Jamie Raskin, Maryland, Joe Biden, Donald Trump, Harris, Sen, JD Vance, Trump, Richard Blumenthal, Rep, Alexandria Ocasio, Cortez, Bernie Sanders, wryly, Jim McGovern, Ro Khanna, Brian Fitzpatrick, Mike Gallagher, Liz Cheney, Adam Kinzinger of, Kinzinger, Cheney, Raskin, Cheney hasn't, he'd, Tim Kaine, Barack Obama, Bill Clinton, Kaine, There's, Mitt Romney, he's, I've, Romney, I'm Organizations: Service, CNN, Republican, Business, Connecticut, Hill, Vermont, Massachusetts, Democrats, Los Angeles Times, Senate Armed Services Committee, Defense, Utah Republican, Trump Locations: Alexandria, Cortez of New York, California, Pennsylvania, Wisconsin, Wyoming, Adam Kinzinger of Illinois, Harris, Virginia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Rep. Gallagher on joining Palantir: Continue my mission to prevent WW3 in the private sectorMike Gallagher, Palantir head of defense and former U.S. Congressman (R-Wis.), joins 'Squawk Box' to discuss his decision to join Palantir, state of U.S.-China relations, fate of the TikTok bill, and more.
Persons: Gallagher, Mike Gallagher, Palantir Organizations: Palantir Locations: Palantir, U.S, China
Tuesday’s primaries will also determine the matchups for some notable House seats, with Republicans looking to defend their slim majority. While Steil is expected to face Democratic former Rep. Peter Barca, multiple Democrats are competing to take on Van Orden. The top fundraisers in the Democratic primary include nonprofit leader Rebecca Cooke, state Rep. Katrina Shankland and activist Eric Wilson. Teirab is the top candidate in the Republican primary after his chief rival dropped out last month. Democratic Rep. Ilhan Omar is looking to faces multiple opponents in the deep-blue 5th District, which includes Minneapolis.
Persons: Eric Hovde, Donald Trump’s, Democratic Sen, Tammy Baldwin, Amy Klobuchar, Connecticut’s Chris Murphy, Vermont’s Bernie Sanders —, Klobuchar, Royce White, Derrick Van Orden, Bryan Steil, Steil, Peter Barca, Van Orden, Rebecca Cooke, Katrina Shankland, Eric Wilson, Democrats — Minnesota’s Angie Craig, Connecticut’s Jahana Hayes —, Hayes, Sen, George Logan, Trump, Joe Teirab, Craig, Ilhan Omar, Don Samuels, Omar, outspent Samuels, Samuels, Jamaal Bowman, Cori Bush, Michelle Fischbach, Fischbach, Steve Boyd, , , Mike Gallagher’s, — Gallagher, Tony Wied, André Jacque, Roger Roth, Kristin Lyerly, Will, Evers, Tony Evers Organizations: Senate, Republican, Democratic, Republicans, NBA, GOP, Rep, Van, Democrats, Marine, Tuesday, Minneapolis City Council, United Democratic, American Israel Public Affairs Committee, Israel, Trump, America Leads Inc, Wisconsin’s, Republican Rep, Green Bay Packers, OB Locations: Wisconsin , Minnesota , Connecticut, Vermont, Wisconsin, Minnesota, Connecticut’s, Minnesota’s, Teirab, Minneapolis, New York, Missouri, Washington, District, Will Wisconsin
Its peak $100 billion valuation once made it the world's third largest privately-held company, behind TikTok owner Bytedance and Elon Musk's SpaceX. Estimates have pegged Shein's IPO valuation at around $90 billion, Bloomberg reported last year. AdvertisementTo gauge what happens to some Shein items once they're returned, BI reporters in the UK put two AirTag trackers on Shein garments and sent them back. Shein is more directly involved in production and focuses on clothes, but Temu's popularity "could affect the valuation," Swartz said. In a November statement following the news of Shein's IPO, chairman Mike Gallagher urged investors and banks underwriting the move to "carefully examine Shein's regulatory and compliance programs."
Persons: , Bytedance, Sky Xu, Yangtian Xu, Chris, Shein, confidentially, David Swartz, Swartz, Lululemon, JADE GAO, Stephanie Benedetto, Queen, Benedetto, they're, Shein's, Morningstar's Swartz, Temu, Mike Gallagher Organizations: Service, Elon, SpaceX, Business, Reuters, Authentic Brands, Wall Street, CNBC, Bloomberg, Morningstar, Zurich Insurance Group, Guardian, BI, Coventry Airport, SEC, Street, Financial Times, London Stock Exchange, Chinese Communist Party, Nike, Adidas Locations: China, , Singapore, Sequoia China, London , Hong Kong, York, London, Canary Wharf, Coventry, Walsall, Northern Ireland, England, Kent, Washington, Xinjiang, Dublin, Shein
CNN —Tensions are once again ratcheting up in the Taiwan Strait, with China launching military drills encircling Taiwan just days after the democracy swore in a new leader long loathed by Beijing. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said it launched joint military drills involving the army, navy, air force and rocket force in areas around Taiwan early Thursday morning. The drills are being conducted in the Taiwan Strait – a narrow body of water separating the self-ruling island with mainland China – as well as north, south and east of Taiwan. The Chinese guided missile frigate Nantong, one of the vessels in the series of military drills around Taiwan. The defeated Nationalist Party fled to Taiwan, moving the seat of their Republic of China (ROC) government from the mainland to Taipei.
Persons: , Lai Ching, China’s, Xi Jinping, Li Xi, Lai, Wu Mei, Carlos Garcia Rawlins, Tsai Ing, Tsai –, Mike Gallagher Organizations: CNN, Communist Party, Eastern Theater Command, People’s Liberation Army, PLA, People's Liberation Army, Weibo, Taiwan’s Defense Ministry, Democratic Progressive Party, DPP, Chinese Communist Party, CCP, Nationalist Party, US, Communist, Beijing, Tuesday Locations: Taiwan, China, Beijing, Kinmen, Taipei, People’s Republic of China, Republic of China, Xi, Washington
Rep. Donald Payne Jr. dies at age 65
  + stars: | 2024-04-24 | by ( Rebecca Shabad | Julie Tsirkin | Bridget Bowman | ) www.cnbc.com   time to read: +3 min
Rep. Donald Payne Jr., D-N.J., has died at the age of 65 after several weeks of being hospitalized following a "cardiac episode" in early April. "Deeply saddened by the passing of Congressman Donald Payne Jr., a good friend, highly effective public servant and compassionate leader. Payne succeeded his father, Rep. Donald M. Payne, who also died in office. Payne Jr., was a member of the Congressional Black Caucus and served on the House Homeland Security and Transportation and Infrastructure Committees. The special primary election must be held between 70 and 76 days after the governor's proclamation, and the special general election must be held between 64 and 70 days after the primary election.
Persons: Donald Payne Jr, Phil Murphy, Donald, Murphy, didn't, Hakeem Jeffries, Payne, Donald M, Payne Jr, Biden, Mike Gallagher Organizations: New, New Jersey Gov, New Jersey Globe, Congressional, Congressional Black Caucus, House Homeland Security, Transportation, Infrastructure, The New, The New Jersey Department, Daily, Republicans Locations: New Jersey, Newark, D, Essex, Hudson, Union, . New Jersey, The, The New Jersey, Payne's
CNN —US Rep. Donald Payne Jr., a New Jersey Democrat, has died, Speaker Mike Johnson announced on Wednesday. “We are saddened to be informed of the passing today of congressman Donald M. Payne, Jr.,” Johnson said in a post on X. His father, Donald Milford Payne, was the first Black congressman to represent the state and served in the seat from 1989 until his death in 2012. Donald Payne Jr. was involved with a number of health-related caucuses and helped introduce related legislation in Congress, including serving as a co-chair of the Congressional Colorectal Cancer Caucus, Congressional Men’s Health Caucus and the Congressional Peripheral Artery Disease Caucus. “The Congressional Black Caucus has been very clear to President Trump that African-American communities have a lot to lose under his administration,” Payne said in a press release at the time.
Persons: Donald Payne Jr, Mike Johnson, , Donald M, Payne , Jr, ” Johnson, Phil Murphy, Donald Payne , Jr, ” Payne, Payne, Donald Milford Payne, Donald Trump, Trump, Murphy, Mike Gallagher, Johnson, Ethan Cohen, Kristin Wilson Organizations: CNN, New, New Jersey Democrat, . New Jersey Democratic Gov, New Jersey’s, Cancer Caucus, Congressional, Health Caucus, Disease, Congressional Black Caucus, Caucus, House Transportation, Infrastructure Committee, Democratic, Gov, Wisconsin Republican, House, Republicans Locations: New Jersey, .
On Wednesday, Senate Democrats voted to declare as unconstitutional both articles of impeachment against Department of Homeland Security Secretary Alejandro Mayorkas — effectively ending the trial. It put a swift end to what had been a monthslong process by House Republicans, championed originally by Rep. Marjorie Taylor Greene of Georgia. Democrats agreed with Schumer's move, effectively rendering the articles moot and the trial over before House Republicans could present their case. Senate Republicans were also unsuccessful in their effort to pressure vulnerable Democrats to back their push for a longer trial. Greene forced her colleagues to vote on moving forward with Mayorkas' impeachment last November.
Persons: , Alejandro Mayorkas —, Marjorie Taylor Greene, Sen, Lisa Murkowski, Mitt Romney, he's, Chuck Schumer, Schumer's, Schumer, Eric Schmitt, Ted Cruz, Mitch McConnell, Jon Tester, Montana, Mayorkas, Mike Gallagher, Wisconsin —, Joe Biden's, Donald Trump, Greene, Mark Green of Organizations: Service, of Homeland, House Republicans, Business, Senators, Missouri Republican, Republicans, Texas Republican, Senate, GOP, White House, Homeland, Democrats, House Homeland Security, Homeland Security Locations: Marjorie Taylor Greene of Georgia, Alaska, Utah, Missouri, Texas, Wisconsin, Southern, Mark Green of Tennessee
G42 will run its AI applications and services on the Microsoft Azure cloud service, as well as deploy Microsoft's cloud offerings. The U.S. and UAE governments appeared to be heavily involved in the deal. "Both companies will move forward with a commitment to comply with U.S. and international trade, security, responsible AI, and business integrity laws and regulations," Microsoft said. Gallagher alleges that G42 maintains relationship with blacklisted Chinese firms, such as Huawei, and that it works with China's military and intelligence services. G42 itself has reportedly invested in Chinese firms, including TikTok owner ByteDance.
Persons: Brad Smith, Sheikh Tahnoon bin Zayed Al Nahya, Mike Gallagher, Gallagher, ByteDance Organizations: Microsoft, United Arab, U.S, UAE, U.S ., Chinese Communist Party, Commerce Department, Huawei Locations: Bellevue , Washington, United Arab Emirates, U.S, UAE, China
He’d let Putin take all of Europe,” Florida Rep. Jared Moskowitz said on CNN after Massie announced Tuesday he’d join Greene in her effort to oust Johnson. “Let’s just hope that that does not happen, and that we can do our responsibilities, protect and defend our own democracy as we protect theirs,” former House Speaker Nancy Pelosi said. “If Speaker Johnson wants to talk to Hakeem Jeffries, I think we’d be open to something like that. If only a handful of Republicans vote to oust Johnson, only a handful of Democrats would be needed to step in and help him keep his job. And that is where Democrats would have to decide if they’d help Johnson.
Persons: Mike Johnson, institutionalists, Johnson, Hakeem Jeffries, Kevin McCarthy, Israel, Marjorie Taylor Greene, Thomas Massie, He’d, Putin, Jared Moskowitz, Massie, he’d, Greene, Tom Suozzi, Johnson –, “ Let’s, Nancy Pelosi, , Johnson’s, Sara Jacobs, , Jeffries, hypotheticals, McCarthy, Matt Gaetz, , Chuck Schumer, ’ –, Alejandro Mayorkas –, wouldn’t, Ann Kuster, Mike Gallagher, they’d, , ’ Jeffries, Gerry Connolly, “ It’s, Rosa DeLauro, We’ve, can’t, “ We’ve, Jamie Raskin, Jim Himes, “ Gerry, ” Himes Organizations: CNN — House, Democratic, Union, , CNN, New York Democratic, Republicans, California Democratic, Florida Rep, White, Foreign Intelligence, of Homeland, GOP, ” New Hampshire Democratic, Republican Rep, Louisiana Republican, Republican, Maryland Democratic, House Intelligence Locations: Israel, Europe, ” Florida, California, Ukraine, Louisiana, Haiti, Sudan, Gaza, , Connecticut
Read previewHomeland Security Secretary Alejandro Mayorkas' historic impeachment trial will likely be over before you even notice. Conservative legal scholars and even three House Republicans have questioned Mayorkas' impeachment. Here's how Democrats will likely handle Mayorkas' impeachment. After failing to impeach Mayorkas on the first vote, House Republicans narrowly impeached the Homeland Security secretary on February 13. GOP Reps. Mike Gallagher, Tom McClintock, and Ken Buck GettyWhy are even some Republicans against Mayorkas impeachment?
Persons: , Alejandro Mayorkas, Chuck Schumer, Marjorie Taylor Greene, Mayorkas, Joe Biden's, Mike Johnson, Mitch McConnell, it's, McConnell, Greene, Andy Wong, Sen, Robert Byrd, Bill Clinton, Clinton, Jon Tester, Tester, Joe Manchin, Mitt Romney, Mike Gallagher, Tom McClintock, Ken Buck Getty, Mike Gallagher of, Ken Buck, Tom McClintock of, impeaching Mayorkas, Jonathan Turley, Turley, framers Organizations: Service, Republican, Business, Republicans, GOP, Democrats, Homeland, AP, Security, West, West Virginia Democrat, Washington Post, Democratic, Montana Democrat, Politico, Democrat, George Washington University Law School Locations: Marjorie Taylor Greene of Georgia, Washington, New York, West Virginia, Montana, Utah, Mike Gallagher of Wisconsin, Ken Buck of Colorado, Tom McClintock of California
Last month, the House passed a bill that would require TikTok’s parent company to sell its U.S. business to a company without ties to the Chinese government, or face a ban of the TikTok app in the United States. In Washington, which has become increasingly hawkish toward the Chinese government, worries and fears about the Chinese Communist Party’s role in ByteDance are widespread. But outside Capitol Hill, millions of people — especially younger Americans — use TikTok everyday for entertainment and increasingly for search. Representative Mike Gallagher, the Wisconsin Republican, is a co-sponsor of the legislation — he’s about to leave Congress but if this becomes law, it will have an effect on social media and U.S.-China relations long after his departure. Many lawmakers in both parties are concerned about the effects of social media on teens.
Persons: Mike Gallagher, Donald Trump’s Organizations: Communist, Wisconsin Republican Locations: United States, Washington, ByteDance, Hill, China
CNN —There was an interesting and telling exchange recently between Sen. Lisa Murkowski, the Alaska Republican, and CNN’s Manu Raju. In the hallway exchange, Murkowski expressed frustration that former President Donald Trump is her party’s presidential nominee. CNNWhen Raju pushed Murkowski about whether she might leave the Republican Party, she said this: “I am navigating my way through some very interesting political times. Moreno won the Republican nomination in last week’s primary and he did so by aligning himself with Trump. Gallagher follows Rep. Ken Buck, the hardline Colorado Republican who resigned early in frustration over Republican election denialism and because House lawmakers are unable to set aside differences to get much done.
Persons: Sen, Lisa Murkowski, CNN’s Manu Raju, Murkowski, Donald Trump, , , Raju, ’ Murkowski, Trump, ” Sen, Raju, Let’s, Bernie Moreno, Moreno, “ We’ve, Mitch McConnell, McConnell, it’s, Kyrsten, Joe Manchin, Kyrsten Sinema, Sinema, Manchin, Jon Tester, Sherrod Brown, CNN RAJU, Mitt Romney, Joe Biden –, Rob Portman, Lamar Alexander, Bob Corker, Mitch McConnell’s, Mike Gallagher, Alejandro Mayorkas, Gallagher, Ken Buck, CNN’s Dana Bash, he’d Organizations: CNN, Alaska Republican, Capitol, Republican Party, Trump, Republican, Capitol Hill, GOP, Republicans, Kentucky Republican, Democratic, Senate, Getty, Democratic Party, Montana Democrat, Sen, Homeland, Colorado Republican Locations: Alaska, Cleveland, Ohio, Sens, Arizona, West Virginia, Montana, Wisconsin
The Republican majority in the House is hanging by a thread as another lawmaker leaves early. It's been a highly tumultuous session fraught with censures, resignations, and an expulsion. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe narrow majority that House Republicans have enjoyed this session is dwindling by the day.
Persons: It's, , Mike Gallagher, Alejandro Mayorkas, Gallagher, he'd Organizations: Republican, Service, Republicans, Homeland, House Press
GOP Rep. Mike Gallagher of Wisconsin will resign from Congress early, handing another blow to Speaker Mike Johnson and his razor thin Republican majority. Once Buck and Gallagher leave, Johnson will be down to a 217-to-213 majority, meaning Republicans will only be able to lose one vote with full attendance and still be able to pass legislation. Gallagher is chairman of the high-profile Select Committee on the Chinese Communist Party, and Gallagher noted the hunt for a new chair once he departs in his announcement. House Majority Leader Steve Scalise downplayed the tightening majority. “It is tough with a five-seat majority, it is tough with a two-seat, one will be the same,” Scalise told CNN.
Persons: Mike Gallagher, Mike Johnson, Gallagher, , Ken Buck, Buck, Johnson, “ I’ve, ” Gallagher, Steve Scalise, ” Scalise, , , Majorie Taylor Greene Organizations: Republican, NBC News, Chinese Communist Party, CNN, House GOP, House Republicans, GOP Locations: Wisconsin, Colorado, Georgia
Republicans in Congress continue sprinting for the exits. Representative Mike Gallagher, Republican of Wisconsin, announced on Friday afternoon that he would resign from Congress months earlier than expected on April 19, bringing the already minuscule Republican majority down to a lonely one vote. After his departure next month, Republicans will control 217 House seats to the Democrats’ 213, allowing the G.O.P. to afford only a single defection from the party line on votes when all members are present. He said simply that “after conversations with my family, I have made the decision to resign my position,” and that he had “worked closely with House Republican leadership on this timeline.”But leaders had not anticipated it.
Persons: Mike Gallagher, Gallagher, , Mike Johnson Organizations: Republican, Chinese Communist Party Locations: Wisconsin
The House Select Committee on the CCP, established in January last year, led the legislative act to essentially ban TikTok in the U.S. if its Chinese parent ByteDance doesn't sell the popular social media app. watch nowThe House select committee in February also published a report alleging U.S. venture capital firms invested billions "into PRC companies fueling the CCP's military, surveillance state and Uyghur genocide." Similar research detailing the links between U.S. capital, venture firms in China and Chinese tech startups has started making its rounds in major media outlets since late 2023. The Senate in July overwhelmingly passed a bill that would have required U.S. investors in advanced Chinese technology to notify the Treasury Department. The Biden administration in August issued an executive order aimed at restricting U.S. investments into semiconductor, quantum computing and artificial intelligence companies citing national security concerns.
Persons: Ken Cedeno, that's, Mike Gallagher, Gallagher, Andrew King, King, Biden, Michael McCaul, Gregory W, Meeks Organizations: U.S, Capitol, Reuters, The U.S, Congress, Chinese Communist Party, CNBC, House Armed, Technologies, Innovation, Intelligence, CCP, Future, Ventures, Treasury Department, Treasury, Foreign, China's Ministry of Commerce, Financial Regulatory Administration Locations: Washington , U.S, Reuters BEIJING, The, China, United States, U.S, Beijing, San Francisco
WASHINGTON (AP) — If some U.S. lawmakers have their way, the United States and China could end up with something in common: TikTok might not be available in either country. But while U.S. lawmakers associate TikTok with China, the company, headquartered outside China, has strategically kept its distance from its homeland. Since its inception, the TikTok platform has been intended for non-Chinese markets and is unavailable in mainland China. Some have insisted they be called “global companies” instead of “Chinese companies.”But for TikTok, this may not be enough. “America’s foremost adversary has no business controlling a dominant media platform in the United States.
Persons: TikTok, Joe Biden, Zhiqun Zhu, ” Zhu, Alex Capri, Hinrich, ” Capri, Capri, Zhang Yiming, Mike Gallagher, , Gallagher, , Sen, Tom Cotton, Shou Zi Chew, beholden, Chew, Nancy Pelosi, ” Chew, Thomas Zhang, Zhang, It's, Donald Trump, Trump Organizations: WASHINGTON, Bucknell University, , National University of Singapore, Hinrich Foundation, Chinese Communist Party, CCP, Communist, Wired, Republicans Locations: United States, China, Beijing, Hong Kong, U.S, Washington, there's, Chinese, Chew
The House approved a bill Wednesday that calls for China tech giant ByteDance to divest TikTok or the popular social video app will effectively be banned in the U.S. The measure passed with a resounding 352-65 vote and with one member voting present. Two days later, House members on the Energy and Commerce Committee voted unanimously to approve the bill, which refers to TikTok as a threat to national security because it is controlled by a foreign adversary. The bill now heads to the Senate where it faces an uncertain future as senators appear divided about the legislation, and other federal and state-led efforts to ban TikTok have stalled. "This process was secret and the bill was jammed through for one reason: it's a ban," a TikTok spokesperson said after the vote was passed.
Persons: Mike Gallagher, Raja Krishnamoorthi, Joe Biden, Karine Jean, Pierre, Jean Organizations: U.S, Foreign, Chinese Communist Party, Energy, Commerce, White Locations: China, TikTok
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