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☆ Vivek Ramaswamy says DOGE will 'carefully scrutinize' federal loans to Tesla rivals
▼ + stars: | 2024-12-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

AdvertisementDOGE is set to scrutinize multibillion-dollar federal loans to two Tesla rivals. Vivek Ramaswamy said the cost-cutting body would "carefully scrutinize" loans to Stellantis and Rivian. Vivek Ramaswamy said DOGE will investigate a federal loan worth about $7.5 billion to a Tesla rival. Vivek Ramaswamy, who was tapped to lead a "Department of Government Efficiency" (DOGE) alongside Tesla CEO Elon Musk, called the Stellantis loan "illegitimate" and said it should be rescinded. Ramaswamy's comments will add to fears that Musk, who runs companies including Tesla and SpaceX, could use DOGE to interfere with rivals and regulators.

Persons: Vivek Ramaswamy, Biden, Elon Musk, Donald Trump's, Musk, Trump, Ramaswamy Organizations: Samsung, Trump administration's, Department of Government, Tesla, Republican, Department of Energy, SpaceX, Dodge, Citroen, Ford, General Motors, DOGE, Business Locations: Indiana, Georgia

☆ US Steel: Trump again vows to block Japanese firm’s controversial takeover
▼ + stars: | 2024-12-02 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

CNN —President-elect Donald Trump has repeatedly said he intends to block a Japanese firm’s $15 billion takeover bid of US Steel upon taking office, saying the former American giant can eventually stand on its own. “As President, I will block this deal from happening. But in recent years, US Steel has fallen far below other American steel companies in output and stock market value. And the US steel industry is a shell of its former self, with no company among the 10 largest steel producers around the globe. It had put itself up for sale last year after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs.

Persons: Donald Trump, ”, JP Morgan, Charles Schwab, Trump, Joe Biden, Kamala Harris Organizations: CNN, US Steel, U.S, Steel, “, Carnegie Steel Corp, Nippon Steel, Republican, Foreign Investment Locations: American, Pittsburgh, United States, Tokyo, Ohio, Cleveland

☆ Trump Picks Warren Stephens, Billionaire Investment Banker, for U.K. Ambassador
▼ + stars: | 2024-12-02 | by ( Minho Kim | More About Minho Kim | ) www.nytimes.com time to read: +1 min

Warren Stephens, an investment banker and billionaire who donated to President-elect Donald J. Trump’s rivals before eventually supporting him in the 2024 race, was tapped as Mr. Trump’s ambassador to Britain on Monday. Mr. Trump and the alliance had a tense relationship at times over the course of his campaign. In 2016, Mr. Stephens, the chief executive of Stephens, Inc., an investment bank based in Little Rock, Ark., gave $2 million to a group dedicated to stop Mr. Trump from winning the Republican presidential nomination. During the most recent election cycle, he backed other Republican presidential candidates, including Asa Hutchinson, Chris Christie, Mike Pence and Nikki Haley. He also donated $3.5 million to Mr. Trump’s super PACs in 2019 and 2020 during his re-election campaign.

Persons: Warren Stephens, Donald J, Stephens, Trump, Asa Hutchinson, Chris Christie, Mike Pence, Nikki Haley, Trump’s Organizations: American Opportunity Alliance, Mr, Inc, Republican Locations: Britain, Little Rock

☆ California special session to 'safeguard' state from Trump kicks off with proposed $25 million legal fund
▼ + stars: | 2024-12-02 | by ( Kate Rogers | In Katerog | ) www.cnbc.com time to read: +2 min

Gavin Newsom's special legislative session to safeguard California from potential "federal overreach" from the incoming Trump administration begins Monday, teeing up a potential battle between the president-elect and the most-populous U.S. state. The fund would be for the California Department of Justice and other state agencies to be used for court challenges and administrative actions. "President Trump received the most votes for a Republican presidential candidate in the deep blue state of California since 2004," Leavitt said. In a conversation with volunteers after the election, Newsom said the state needed to be ready for action as the next administration takes hold. "I think there's a lot of onus that's placed upon California because [of] the size, scale and scope of this state," he said at the time.

Persons: Newsom, Gavin Newsom's, Trump, teeing, Karoline Leavitt, Vance, Leavitt Organizations: Gov, California Department of Justice, Trump, Republican Locations: San Jose , California, United States, California, U.S

☆ Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
▼ + stars: | 2024-12-02 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. The package was worth around $56 billion at the time the judge threw out the package. “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against multiple strains of settled law,” McCormick wrote in a scathing opinion. “There were undoubtedly a range of healthy amounts that the Board could have decided to pay Musk,” she wrote.

Persons: CNN — Elon, Chancellor Kathaleen McCormick, McCormick, Musk, ”, Kimbal, ” McCormick, “, Tesla’s, Donald Trump’s, Trump, Vivek Ramaswamy, Chris Isidore Organizations: CNN, CNN — Elon Musk’s, Tesla, SpaceX, Neuralink, Boring Company, Republican, Government Locations: Delaware, Washington

☆ How the Border County Where Elon Musk Is a Local Flipped for Trump
▼ + stars: | 2024-12-01 | by ( Jazmine Ulloa | Callaghan O Hare | ) www.nytimes.com time to read: +1 min

The story of the political transformation of Cameron County, a majority-Hispanic border community at the southernmost tip of Texas, began with the arrival of a billionaire. More than a decade ago, Mr. Musk brought his private space company, SpaceX, to Cameron County, where the blasts from his rocket testing and launching site on Boca Chica Beach rattle homes for miles. Mr. Trump did something no Republican has done in 20 years: He flipped Cameron County. Mr. Trump won the county with 53 percent of the vote, the first time a Republican presidential candidate claimed victory here since George W. Bush, the former Texas governor and then the president, in 2004. It was one of a string of largely blue-collar Hispanic Democratic strongholds across South Texas where Mr. Trump made major inroads.

Persons: Donald J, Elon Musk, Musk, Cameron County’s, Trump, George W, Bush Organizations: Trump, SpaceX, Boca, Republican, Democratic Locations: Cameron County, Texas, Downtown, Brownsville, America, South Texas

☆ Trump’s national security adviser pick is weighing proposals to end the Russia-Ukraine war
▼ + stars: | 2024-11-27 | by ( Natasha Bertrand | Zachary Cohen | ) edition.cnn.com time to read: +7 min

Trump administration officials are also expected to push for European allies and NATO to take on more of the cost-sharing burden for supporting Ukraine. He also vowed to end the war, sometimes even claiming he would stop the years-long conflict before taking office. Keith has led a distinguished Military and Business career, including serving in highly sensitive National Security roles in my first Administration. Ukraine was among a range of issues Waltz discussed with Biden’s national security adviser Jake Sullivan during a meeting last week. Shannon Stapleton/ReutersZelensky, who met with Trump in New York in September, told reporters in Budapest that “I believe that President Trump really wants a quick decision” to end the war.

Persons: Donald Trump’s, Mike Waltz, Keith Kellogg, Trump, ” Waltz, Fox, Riccardo Savi, Kamala Harris, Kellogg, “, Keith, ” Trump, Germany Ric Grenell, Grenell, ”, Biden, Jake Sullivan, ‘, Volodymyr Zelensky, ” Zelensky, Donald Trump, Shannon Stapleton, Reuters Zelensky, Sebastian Gorka, Vladimir Putin, ” Gorka, Zelensky Organizations: CNN, Trump, NATO, ”, Sheraton New York Times, Getty, Russia, Military, Business, Bloomberg, Republican, Ukraine's, Reuters, Ukraine, ” Trump, Times Radio, Patriot Locations: Russia, Ukraine, New York City, Moscow, Germany, Crimea, Budapest, U.S, New York, Russian

Vice President Kamala Harris, on the other hand, underperformed by about 6.8 million votes compared with Joe Biden in 2020, according to CNN election results as of November 25. The other came in 2012, when about 2.2 million fewer votes were cast than in 2008. Harris got fewer votes than Biden in 45 of the 50 states and Washington, DC. But Harris lost votes compared with Biden across the country. Trump made gains across the seven battleground states in particular, but they weren’t limited to places with higher turnout.

Persons: Donald Trump, Kamala Harris, Joe Biden, –, Harris, Trump, Biden Organizations: CNN, Republican, Democratic, Electoral, Trump, Biden Locations: Washington, DC, California , New York, Florida, Texas , Florida, New York, New Jersey, Massachusetts, Wisconsin , Georgia, North Carolina, Nevada, . Pennsylvania, Michigan, Pennsylvania , Wisconsin, Southern California, Northeast, Georgia, Utah, Michigan , Wisconsin, Pennsylvania

U.S. President-elect Donald Trump at a viewing of a test-flight launch of the SpaceX Starship rocket in Brownsville, Texas, Nov. 19, 2024. Brandon Bell | Getty Images News | Getty ImagesAs Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump. Yet the energy sector climbed 22.9% under Biden as of Nov. 19, despite the administration's push for renewables and sustainability. As president, Trump is expected to embrace crypto more than any of his predecessors. When Biden won in 2020, there was a lot of panic about the outlook for energy, oil and gas.

Persons: Donald Trump, Brandon Bell, Jeremy Goldberg, Goldberg, Larry Adam, Raymond James, Trump, Adam, Biden, Monty Rakusen, John Murphy, Murphy, Callie Cox, Cox, Greg Iacurci Banks, Jamie Dimon, Andrew Harrer, Brian Spinelli, Halbert Hargrove, Spinelli, David Rea, Lorie Konish, Bill Varie, —, — Greg Iacurci Crypto, Kevin Wurm, Matt Apkarian, Apkarian, Christina Lynn, there's, Lynn, — Lorie Konish, Cooper Neill, Joe Biden, Mike Cerasoli, Cerasoli, you'll, — Lorie, Images Trump, Robert F, Kennedy Jr, bode, David Weinstein, Weinstein, Chris Unger, Charles, Vivek Ramaswamy, Greg Iacurci, Thomas Barwick, Ted Decker, Decker, TJ Maxx, Lorraine Hutchinson, — Greg Iacurci, Donald J Organizations: SpaceX, Getty, Trump, Professional Advisory Services, Digitalvision, EV, Biden, Bank of America Securities, Ford, Ritholtz Wealth Management, U.S . Federal, JPMorgan Chase &, White, Bloomberg, CNBC, Salem Investment, Bank, — Greg Iacurci Crypto Republican, Reuters, bitcoin, Liberty Financial, Cerulli Associates, Mariner Wealth, — Lorie Konish Energy, Double Eagle Energy Holdings LLC, Eagle Global Advisors, Images, Department of Health, Human Services, RFK, U.S . Senate, Merck, Pfizer, Dana Investment, Affordable, Publicly, HCA Healthcare, UFC, Madison, Garden, Ufc, Medical, Charles River Laboratories, Food and Drug Administration, of Government, Retailers, Walmart, Marshalls, Google, Twitter, Trump National Golf Club, Washington Post Locations: Brownsville , Texas, California, U.S, Iran, Venezuela, Washington, Long Beach, Calif, Salem, Winston, Salem , North Carolina, Ritholtz, Nashville , Tennessee, cryptocurrency, Lynn, Midland , Texas, Houston, New York, China, North America, HomeGoods, Bedminster , NJ, Jabin

☆ Why green investments have become the last line of defense for Biden’s climate agenda
▼ + stars: | 2024-11-26 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +20 min

CNN —Can the green shoots of clean energy break through the “brown blockade”? Those huge current and planned investments in new manufacturing plants may represent the sole opportunity to preserve any elements of Biden’s blueprint for growing the domestic clean energy industry. Republican districts are slated to receive an equally large share of another $435 billion in clean energy projects that have been announced but not yet built, the analysis found. The US reliance on the fossil fuels driving climate change has been declining for years, but only at a modest pace. Yet interrupting that transition by repealing the federal policies benefiting clean energy remains a dangerous gamble.

Persons: Donald Trump, Trump, Joe Biden’s, Biden –, ”, Lori Lodes, ‘, I’ve, Trump’s, Tammy Baldwin, John Fetterman, Kamala Harris, Chris Wright, ’, Lee Zeldin, Elizabeth Conley, “, Jason Walsh, ” Lodes, Robert McNally, George W, Bush, McNally, Walsh, ” Walsh, Joseph Shapiro, Shapiro, EVs, Ben King, King, ” King, ” Shapiro Organizations: CNN, GOP, Republican, Climate Power, Trump, federal Energy Information Administration, Senate, Electoral College, Energy Information Administration, Democratic, Biden, ExxonMobil, Environmental Protection Agency, “, Massachusetts Institute of Technology, Rosendin, Houston Chronicle, Power, BlueGreen Alliance, Republicans, Hyundai, Bloomberg, Getty, University of California Locations: America, United States, Wyoming , Louisiana, North Dakota, West Virginia, Alaska , Montana , Oklahoma, Texas, Iowa, Nebraska, Kansas, Ohio, Indiana , Michigan, Wisconsin, Massachusetts, New York, Virginia, Maryland, Washington , Oregon, California, West Virginia , Montana and Ohio, Pennsylvania, New Mexico, Michigan, – Michigan, Washington, Liverpool , Texas, Georgia, Ellabell , Georgia, Berkeley

☆ 5 Democratic assumptions shattered by the 2024 election: From the Politics Desk
▼ + stars: | 2024-11-25 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior politics reporter Alex Seitz-Wald breaks down the long-standing Democratic truisms that were challenged by the results of the 2024 elections. Here are five of the party’s core assumptions that have been challenged by the 2024 election outcome:1. Higher turnout benefits Democrats: Democrats have long taken for granted a simple truism: The more people who vote, the better for Democrats. NBC News exit polls show Trump won voters without college degrees 56%-42%, while he narrowly won voters with family incomes of $30,000 to $100,000 annually. But Trump won both the Electoral College and popular vote this year as Harris’ performance fell in those Democratic bastions.

Persons: Alex Seitz, Wald, Jack Smith, Donald Trump, Trump, Kamala Harris, Hillary Clinton, Barack Obama, Harris, Ryan J, Reilly, Ken Dilanian, Tanya Chutkan, Joe Biden, Richard Nixon, ️, ric S, ustice, ick,, Rea, lea Organizations: NBC, White House, Capitol, Democratic, Wald Democrats, Republicans, GOP, Trump, White, Republican, Electoral, Electoral College, U.S Capitol, Justice Locations: Philadelphia, Detroit, Boston, San Francisco , Los Angeles County, Cook County, Loudoun County , Virginia, Dearborn , Michigan, Lawrence , Massachusetts, Texas, Mexico, Manhattan, California, New York, Wyoming, U.S, Miami, Florida, United States

“In four years, the world could be literally at 180 degrees.”Following Trump’s re-election victory, many immigrants are worried a second Trump term would introduce restrictions on the H-1B visa program, like he attempted to do during his first term. Can I be deported?”The H-1B, or high-skill visa program, is overwhelmingly used by Indians. “They do have the power to heavily audit firms and make life very difficult for companies that are hiring H-1B workers,” Khanna said. While it would dent the tech sector, everyday South Asians working in the U.S. would be targeted, despite their immigration status. “That anti-Asian phobia, anti immigrant phobia is going to be impactful in spite of having full legal status,” Syed said.

Persons: Donald Trump, “, Trump’s, Trump, ”, Shakeel Syed, Stephen Miller, Miller, “ Stephen Miller, Gaurav Khanna, Vivek Ramaswamy, Elon Musk, Berry Appleman, ” Khanna, “ I’m, she’s, Khanna, Syed, ” Syed Organizations: Trump, Cabinet, South Asian Network, Trump’s White, University of California, of Government, Leiden, Trump’s Department of Homeland Security Locations: New York, San Diego, Lago, Florida, U.S

A handful of Democrats are sounding their approval of Republican Florida Sen. Marco Rubio as Secretary of State but others continue to doubt some cabinet picks made by President-elect Donald Trump. Democratic Illinois Sen. Tammy Duckworth said she has "a friendship" with Rubio and said she's looking forward to talking to him about his policies. Another name that has drawn substantial criticism from the Senate is former Democratic Rep. Tulsi Gabbard, Trump's candidate for Director of National Intelligence. Sen. Duckworth alleged that Gabbard is "compromised," and she worries that the former congresswoman couldn't pass a background check. It's a slur, quite frankly," Republican Sen. Eric Schmitt of Missouri said Sunday on NBC's "Meet the Press."

Persons: Donald Trump, Marco Rubio, Republican Florida Sen, he's, California Adam Schiff, I'm, Trump, Rubio, China's ByteDance, Democratic Pennsylvania Sen, John Fetterman, Fetterman, Elise Stefanik, Lori Chavez, Mehmet Oz, Democratic Illinois Sen, Tammy Duckworth, Duckworth, CNN's, Doug Collins of, Pete Hegseth, Hegseth, Collins, Doug Collins, Tulsi Gabbard, Sen, Schiff, couldn't, Vladimir Putin, Republican Sen, Eric Schmitt of, Trump's, Sebastian Gorka, McMaster, Putin's, They've, Bill Hagerty, Hagerty Organizations: Dorton, Republican Florida, State, Democratic, U.S . Senate, NBC News, Ukraine, Democratic Pennsylvania, Fox News, Fox, United Nations, DeRemer, Labor, Medicare, Democratic Illinois, Republican, Department of Veteran Affairs, Defense, Army National Guard, Senate, National Intelligence, House Intelligence Committee, Eric Schmitt of Missouri, Press, H.R, McMaster, Sunday, Trump, ABC Locations: Raleigh , North Carolina, U.S, California, China, United States, Iran, Pennsylvania, Iraq, Doug Collins of Georgia, Russian, Congress, Tennessee

☆ How Elon Musk’s plan to slash government agencies and regulation may benefit his empire
▼ + stars: | 2024-11-22 | by ( Magdalena Petrova | ) www.cnbc.com time to read: +2 min

Some of his ventures already benefit tremendously from federal contracts. SpaceX has received more than $19 billion from contracts with the federal government, according to research from FedScout. Musk, who has frequently blamed the government for stifling innovation, could also push for less regulation of his businesses. Musk and Ramaswamy also championed the large-scale auditing of agencies, calling out the Pentagon for failing its seventh consecutive audit. To learn how else Elon Musk and his companies may benefit from having the ear of the president-elect watch the video.

Persons: Elon, Geoff Orazem, Vivek Ramaswamy, Trump, Ramaswamy, Elon Musk, Lora Kolodny Organizations: Company, SpaceX, Trump, Republican, Department of Government, Street, Congress, Pentagon, CNBC Locations: FedScout

So why shouldn’t federal employees who are paid with taxpayer dollars be required to be in office?” the source said. Ending remote work across government is being considered a potential “early candidate” for executive orders that members of DOGE will recommend to Trump, the source said. “I can’t abandon this career,” one Library of Congress worker who lives in the Midwest told CNN. Another federal employee who works remotely told CNN that they would have to commute two to three hours to the nearest office. Other targets beyond remote workRemote work isn’t the only cost-cutting measure that is likely to be addressed through executive orders.

Persons: Donald Trump’s, Elon, Vivek Ramaswamy, Ramaswamy, “, ”, “ It’s, ” Everett Kelley, AFGE, Charlie Kirk –, –, DOGE, Kirk, doesn’t, aren’t, Musk Organizations: CNN, of Government, Republican, Trump, telework, Personnel Management, American Federation of Government Employees, Midwest, of Congress, Congress, General Services Administration Locations: Washington, DC, Washington ,

Plus, not all of his Fox News picks are for Cabinet roles. A TV doc to oversee health insurance for 160 million-plus AmericansDr. Mehmet Oz outside of a polling location during the primary election in Rockledge, Pennsylvania, on May 17. In between failed bids for the Republican presidential nomination in 2008 and 2016, Huckabee hosted a show on Fox News. Homan was actually the first of Trump’s picks to be announced from the Fox News orbit. An anti-mainstream conspiracy theorist and author to oversee health policyRobert F. Kennedy Jr. in New York in May.

Persons: Joe Biden, Donald Trump, Trump’s, Trump, Dan Bongino, Read, Hegseth, John Lamparski, Pete Hegseth, Tulsi Gabbard, Mehmet Oz, Hannah Beier, Oprah, Mike Huckabee, Chip Somodevilla, Sarah Huckabee Sanders, Huckabee, he’s, there’s, Sean Duffy, Mary F, Reuters Long, MTV’s, ”, Duffy, Rachel Campos, she’s, “, Justin Sullivan, Robert F, Kennedy Jr, Elon, Gabbard, Hillary Clinton, ’ Tom Homan, Kamil Krzaczynski, Tom Homan, ” Homan won’t, Homan, Brian Stelter, Anthony Scaramucci, Richard Grenell, Heather Nauert, Morgan Ortagus, Bill Shine, Lev Radin, Kennedy, There’s, Dr, Anthony Fauci, Bill Gates, Peter Bergen, Linda McMahon, Jeenah, McMahon, Vince McMahon Organizations: CNN, ”, Black Americans, Fox News, Service, Fox News Channel Studios, Army National Guard, Joint Chiefs of Staff, Army, Medicare, Services, Holy Land Former Arkansas Gov, Republican, Trinity Broadcasting Network, Calvert, Reuters, Boston, Trump, “ Fox, Friends, Hegseth, Fox Business, Fox, Democratic Party, Democratic, Elon Musk’s, Convention, Getty, Customs, Human Services, New York Times, Republican National Convention, Trump’s, Business Administration, WWE Locations: America, Washington, New York, New York City, Iraq, Rockledge , Pennsylvania, Pennsylvania, Drexel Hill , Pennsylvania, Arkansas, Jerusalem, Israel, Rayburn, Washington , DC, Wisconsin, Russia, Las Vegas, Syria, Milwaukee, AFP

☆ Ramaswamy's 'jackhammer and chain saw' plan to force federal workers back into the office.
▼ + stars: | 2024-11-19 | by ( Laura Strickler | Laura Strickler Is A Senior Investigative Producer | Reporter For Nbc News. She Is Based In Washington. | ) www.nbcnews.com time to read: +4 min

Vacant federal office space in downtown Washington is costly to maintain and a deep source of frustration to Mayor Muriel Bowser. She told reporters last week that she had requested a meeting with President-elect Donald Trump and that top on her agenda is pushing federal workers to return to downtown Washington. All told, the U.S. has roughly 2.2 million federal workers. With fewer people in the office, the cost of excess federal office space has become a concern. In 2004, a little over 750,000 federal workers were eligible to work from home.

Persons: WASHINGTON, Vivek Ramaswamy, Elon Musk's, Muriel Bowser, Donald Trump, ” Bowser, “, Ramaswamy, Tucker Carlson, ”, ” Ramaswamy, ” Jacqueline Simon, Musk’s, Kamil Krzaczynski, Simon, Joe Biden, George W, Bush Organizations: Management, American Federation of Government Employees, Bureau of Prisons, NBC, Patrol, Office, Republican, Republican National Convention, Getty, Education Department, OMB, Personnel Management Locations: Washington, ”, U.S, Milwaukee, AFP

☆ Trump to attend SpaceX Starship launch in Texas with CEO Elon Musk
▼ + stars: | 2024-11-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +1 min

Nov 16, 2024; New York, NY, USA; President-elect Donald Trump talks with Elon Musk (right) during UFC 309 at Madison Square Garden. MandatoryPresident-elect Donald Trump will attend Tuesday's launch of the SpaceX rocket Starship with company CEO Elon Musk. Trump has tapped Musk to co-lead a Department of Government Efficiency — DOGE — with former Republican presidential contender Vivek Ramaswamy. Tuesday's launch at SpaceX's Starbase site in Boca Chica will be the sixth for Starship, the largest rocket ever built. Sen. Ted Cruz, R-Texas, also plans to attend Tuesday's launch, NBC News has learned.

Persons: Donald Trump, Elon Musk, Musk, Trump, —, Vivek Ramaswamy, Sen, Ted Cruz, Cruz Organizations: Elon, UFC, Madison, SpaceX, Republican, Department of Government, Trump, NBC, Starship, NBC News, Senate, Committee Locations: New York, NY, USA, Lago, Florida, Boca Chica, Texas

☆ Elon Musk and Vivek Ramaswamy want to 'delete' parts of the US government. It won't be easy.
▼ + stars: | 2024-11-19 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +7 min

AdvertisementElon Musk and Vivek Ramaswamy are set to co-lead the DOGE in President-elect Trump's second term. In their roles as co-leaders of the forthcoming Department of Government Efficiency, Elon Musk and Vivek Ramaswamy have vowed to "delete" government agencies, much like a line of code. "Or does it mean that a different federal agency will assume the responsibilities of collecting income taxes?" Allison Robbert-Pool/Getty Images"The president can't 'delete' departments — or even almost all of government's subunits. Kettl said that any effort to delete the functions of a department is "an even bigger battle" than trying to delete a department itself.

Persons: Elon Musk, Vivek Ramaswamy, Trump's, Ron DeSantis, Kevin Kosar, DOGE's, Ramaswamy, Donald Trump, Mordecai Lee, aren't, haven't, Kosar, Allison Robbert, Donald Kettl, Elaine Kamarck, Bill Clinton, Kamarck, Kettl, Lee, they've, nix, it's Organizations: Republicans, of Government Efficiency, Elon, Florida Gov, American Enterprise Institute, Fox News, Internal Revenue Service, Federal Bureau of Investigations, Alcohol, Firearms, Tobacco, Department of Education, University of Wisconsin -, Trump, Republican, University of Maryland, Brookings Institute, of Education, Farmers, of Agriculture, USDA, Conservative Locations: Florida, University of Wisconsin - Milwaukee

The Cantor Fitzgerald CEO has led and been the public face of Trump's transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump's agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Lutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York's World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Howard Lutnick, Cantor Fitzgerald, Donald Trump, Lutnick, Trump, Lutnick's, Elon Musk, evincing Organizations: Republican, WASHINGTON, Commerce Department, The Commerce Department, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, Department of Government Locations: Madison, New York City, U.S, United States, Pennsylvania, New York

☆ H&R Block, Intuit stocks fall on news of a potential free tax-filing app by Trump transition team
▼ + stars: | 2024-11-19 | by ( Cj Haddad | ) www.cnbc.com time to read: +2 min

The stock prices for H&R Block and Intuit fell after a Tuesday report saying the Trump transition team is considering creating a free tax-filing app. President-elect Donald Trump's "Department of Government Efficiency" has held "highly preliminary" discussions about creating the free tax-filing app, The Washington Post reported. A DOGE tax-filing app would represent a competitor for both H&R Block and TurboTax. It's unclear where a new DOGE tax app would bridge with newer policies the Biden administration already implemented. The IRS also offers free filing services through its Free File program for taxpayers who make an adjusted gross income of $79,000 or less.

Persons: Trump, Donald Trump's, Elon Musk, Vivek Ramaswamy, Biden, Letitia James Organizations: Intuit, Department of Government, Washington Post, Republican, IRS, Federal Trade Commission, New York

☆ Dental supply stock rallies on theory RFK's anti-fluoride stance will prompt more dentist visits
▼ + stars: | 2024-11-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Shares of Henry Schein shares jumped nearly 5%, on track for its best day since July. Monday's moves come as investors ready for public health changes under a second Trump administration. Stock Chart Icon Stock chart icon 1-day chartFluoride has long been shown as an effective method for fighting cavities. But the mineral has found itself at the center of a nationwide fight that's led some local communities to end programs centered on its insertion into public water. A general view of the Henry Schein Inc. building a distributor of health care products and services with a presence in 32 countries, as photographed in Melville, New York.

Persons: Robert F, Kennedy Jr, Donald Trump, Joel Angel Juarez, Henry Schein, Donald Trump's, Envista, Trump, Kennedy, that's, Gordon Haskett, Bruce Bennett Organizations: Republican, Reuters Dental, Health, Human Services, Trump, Henry Schein Inc, Getty Locations: Milwaukee , Wisconsin, U.S, Melville , New York

☆ 1 in 5 Americans get their news from social media influencers
▼ + stars: | 2024-11-18 | by ( Kristian Burt | In | ) www.cnbc.com time to read: +7 min

Getty ImagesAbout 1 in 5 Americans say they regularly get their news from "news influencers" on social media, according to a new study by the Pew Research Center. Social media site X remained the most popular, with 85% of influencer respondents reporting they were on the site. Risk of misinformationQuestions around the influence of independent social media creators on politics erupted prior to and after the presidential election. Both candidates utilized social media to reach younger voters, most notably when President-elect Donald Trump appeared on Joe Rogan's podcast and Vice President Kamala Harris joined the "Call Her Daddy" podcast — both podcasts with large followings on social media. Network interviews in recent elections have tended to be more combative than those conducted on independent podcasts or social media accounts, Darr said.

Persons: Galen Stocking, influencers, Basil Smikle, Smikle, Pew, Instagram, TikTok, Donald Trump, Joe Rogan's, Kamala Harris, Alex Cooper, Joshua Darr, Darr, Alaina, it's, Hurricane Helene, Wood, Joe Rogan, Matteo Recanatini, he's, That's, MAGA, Recanatini Organizations: Pew Research Center, CNBC, Democratic, Columbia, YouTube, Pew, Facebook, US, Republican, Trump National Doral, Getty Locations: Syracuse, Tennessee, Trump National Doral Miami, Miami , Florida

☆ What is impoundment? How Trump thinks he can control spending without Congress
▼ + stars: | 2024-11-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +6 min

CNN —“Impoundment” is another word that Americans may need to learn in the vernacular of President-elect Donald Trump’s second term. Trump took the time to record a video about impoundment during the Republican primary season, and he promised seizing control over spending from Congress would be a top priority if he was elected. Impoundment occurs when Congress appropriates money that the president then declines to spend. As a result of these standoffs, Congress passed a law to curtail a president’s use of impoundment, particularly for policy reasons. The Impoundment Control Act of 1974 did a lot more than that, however.

Persons: Donald Trump’s, ”, Trump, Thomas Jefferson, Richard Nixon, Nixon, Volodymyr Zelensky, Joe Biden, Trump’s, “, Vivek Ramaswamy, Elon Musk, DOGE –, Ramaswamy, ” Ramaswamy, Matt Gaetz, Jimmy Carter, It’s Organizations: CNN, Senate, Republican, Congress, Congressional Research Service, Office, Capitol, Supreme, overreach, Elon, “ Department, Government, Alcohol, Tobacco, Firearms, Explosives, Ramaswamy, Department of Education, Nuclear Regulatory, Trump, FBI Locations: Mississippi, Louisiana, France, Ukraine, Trump’s, Ohio, Washington

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 ,

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