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☆ What Fundstrat's Tom Lee expects from the markets in 2025
▼ + stars: | 2024-12-11 | 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 EmailWhat Fundstrat's Tom Lee expects from the markets in 2025Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins CNBC's 'Closing Bell' to discuss his playbook for 2025, why he thinks DOGE could potentially hurt the economy, and more.

Persons: Tom Lee Organizations: Fundstrat Global Advisors

☆ Jay-Z and Beyoncé join daughter Blue Ivy on red carpet after rapper is accused of sexual assault
▼ + stars: | 2024-12-10 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

Blue Ivy voices Kiara, the daughter of Simba and Nala (voiced by Beyoncé), in the movie that is a prequel to “The Lion King,” telling the origin story of Mufasa. The woman alleges she began to feel woozy after consuming a drink at the party and wandered into a nearby bedroom. The woman alleges Carter raped her first, followed by Combs. The woman says she hit Combs and ran out of the party, according to the amended lawsuit. Whomever would commit such a crime against a minor should be locked away, would you not agree?”Jay-Z and Beyoncé made a rare red carpet appearance.

Persons: CNN — Jay, Beyoncé, “, King ”, Blue Ivy Carter, Sean “ Diddy ” Combs, Tina Knowles, Blue Ivy, Kiara, Simba, Nala, ”, Shawn Carter, Jay, Combs, Carter, Jane Doe, ” Jay, Gilbert Flores, Carter’s, Doe, Carter “, Plaintiff, Tony Buzbee, ” Carter, Beyoncé Knowles Organizations: CNN, Los Angeles, YouTube, Variety Locations: Houston

☆ Why Assad's fall in Syria will have broader implications for the Middle East
▼ + stars: | 2024-12-09 | 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 EmailWhy Assad's fall in Syria will have broader implications for the Middle EastMichael O’Hanlon, director of research for foreign policy at The Brookings Institution, joins CNBC's 'The Exchange' to discuss the overthrow of Assad in Syria, Russia's position in the Middle East, and more.

Persons: Michael O’Hanlon, Assad Organizations: Brookings Institution Locations: Syria

☆ Read Jay-Z's full statement in response to rape accusation
▼ + stars: | 2024-12-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Prior to the amended complaint, Carter was referred to as a "Celebrity A." AdvertisementCarter's response is detailed in the amended complaint. This is a very serious matter that will be litigated in court," Buzbee told BI. AdvertisementRead Carter's full statement below:My lawyer received a blackmail attempt, called a demand letter, from a "lawyer" named Tony Buzbee. In response to Carter's denial, Buzbee told BI that the plaintiff never demanded money from Carter.

Persons: Jay, Sean, Diddy, Combs, Read, Shawn Carter, drugging, Carter, Tony Buzbee, Buzbee, Plaintiff, I'm Locations: Brooklyn

☆ AI's $20 billion air pollution problem
▼ + stars: | 2024-12-09 | by ( Dakin Campbell | Hannah Beckler | ) www.businessinsider.com time to read: +6 min

Advertisement"There is something like this, air pollution, which is affecting people right now," Ren said in an interview. By 2030, they calculated, AI's electricity-related public health costs will top $20 billion. The researchers found those health effects are not contained to the state, as air pollution travels. There is actually cross-state air pollution." "If you look at the sustainability reports from these companies, they mention carbon and water, but they don't mention anything about air pollution," Ren said.

Persons: Shaolei Ren, Adam Wierman —, Ren, it's, Meta Organizations: University of California, California Institute of Technology, UC Riverside, McKinsey & Company, Environmental Protection Agency, Washington D.C, Amazon, Google, Microsoft Locations: California, Virginia, New York, Los Angeles, Riverside, United States, China, Maryland — Montgomery, West Virginia , New York , New Jersey , Pennsylvania, Delaware, Washington, Florida

☆ Dessai: The Middle East news reminds us of the current geopolitical landscape
▼ + stars: | 2024-12-09 | 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 EmailDessai: The Middle East news reminds us of the current geopolitical landscapeTejas Dessai, Director of Research at Global X ETFs, discusses the upward trend in defense stocks driven by geopolitical uncertainty and digital transformation. He highlights the importance of a diversified investment approach, noting that traditional defense companies are integrating advanced technologies.

Organizations: Tejas Dessai, Research, Global

☆ Loonie, Aussie in focus while U.S. dollar idles
▼ + stars: | 2024-12-09 | by ( ) www.cnbc.com time to read: +3 min

The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar's prospects. On the former, a quarter point cut by the ECB is baked in. The Canadian dollar is trading near a 4-1/2-year low as markets anticipate another outsized interest rate cut. Markets give a higher probability for a larger 50 basis point cut, and are even priming for negative interest rates by next year. While the case for the rate cut seems sealed, investors have one eye on U.S. consumer price inflation (CPI) data due this week.

Persons: Donald Trump, Morgan Stanley, China's, Chris Weston Organizations: Canadian, Federal Reserve, European Central Bank, Economic Work, ECB, The Bank of Canada, BoC, Reserve Bank of Australia, Swiss National Bank, Australian, Swiss, Fed, CPI, U.S Locations: Asia, China

☆ What to watch for in 2025 housing market predictions
▼ + stars: | 2024-12-08 | by ( Ana Teresa Solá | Ana Teresa Solá Is A Personal Finance Reporter For Cnbc. | ) www.nbcnews.com time to read: +8 min

“If the housing market were going to crash, it would have already crashed by now,” said Daryl Fairweather, chief economist at Redfin. “The housing market has been so resilient to interest rates going up as high as they have.”Here are five housing market predictions for 2025, according to Fairweather and other economists. If fewer homes are built in a supply-constrained market, prices might grow much higher, said Channel. More than 21 million renter households are “cost-burdened,” meaning they spent more than 30% of their income on housing costs, according to 2023 U.S. Census data. “Rent prices typically decline in the colder months of the year,” as fewer people are apartment hunting in the late fall and winter seasons.

Persons: Redfin, ”, Daryl Fairweather, Fairweather, Selma Hepp, Donald Trump, Jacob Channel, ” Redfin’s Fairweather, “, Hepp, CoreLogic, Donald Trump’s, ” Jessica Lautz, ” Fairweather, CoreLogic’s, “ We’ll, Redfin’s Fairweather, What’s, Milton Organizations: U.S, Redfin, LendingTree, ”, D.C, LendingTree’s, National Association of Realtors, CNBC, “ Locations: U.S, Austin , Texas, Seattle , Washington, New York City, Florida , California, Texas, California, Florida, Asheville , North Carolina

☆ The weight-loss drug boom has become one of the internet's biggest scams
▼ + stars: | 2024-12-08 | by ( Bob Woods | ) www.cnbc.com time to read: +14 min

That's certainly the case with the super-popular weight-loss drugs from Eli Lilly and Novo Nordisk. A recent CNBC investigation explored the murky international world of counterfeit weight-loss drugs. "Our advertising policies also prohibit the advertising of weight-loss products, including weight-loss injections and fat-burning pills." "The social media platforms are the new street corners for drug dealers, and they move from place to place," Galvin said. "We urge consumers to be vigilant and to utilize tips tools from the FDA's BeSafeRx campaign to help them safely buy drugs online."

Persons: NOVO.B, scammers, That's, Eli Lilly, Lilly, Eric Feinberg, Tom Galvin, Abhishek Karnik, McAfee, We've, Galvin, Henry Meds, Patrick Carroll, Kathy Bates, Elon Musk, Oprah Winfrey, Andy Cohen, Billie Jean King, Rob Lowe —, Novo's, Pharmacotherapy Organizations: Novo Nordisk, Bloomberg, Getty, Food and Drug Administration, Consumers, Novo, CNBC, FDA, pharma, Facebook, Digital Citizens Alliance, Coalition, PayPal, Citizens, Research Team, McAfee, JAMA, ., JFK International, U.S . Customs, UK's Medicines, Healthcare Products Regulatory Agency, Publicly, BPI Labs, Company, Chem Labs, Meta, Co Locations: Hillerod, Denmark, U.S, Zelle, Ozempic, India, China, Mexico, Turkey, London, Noom, Miami, Novo, Kinsale, Ireland

☆ The 'halo effect' is compelling but can be risky for both employers and job seekers
▼ + stars: | 2024-12-08 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Job seekers with prestigious schools or employers on their résumés can benefit from a "halo" effect. While they look good on paper, that's a problem for employers and many job seekers, executives told Business Insider. That can mean job seekers who are strong communicators can talk their way past their weaknesses. To gain insight into skills, Deel will often have job seekers complete assessments. Conversely, she said, a "shadow effect" can result in capable job seekers being discounted.

Persons: Shelley Zalis, she'd, Danoch, who's, who'd, That's, Alan Price, There's, Price, weren't, Deel, it's, you've, David Deming Organizations: Education, Ivy League, Facebook, Google, LinkedIn, Harvard's Kennedy School Locations: Deel

☆ 5 housing market predictions for 2025, according to economists
▼ + stars: | 2024-12-08 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

If fewer homes are built in a supply-constrained market, prices might grow much higher, said Channel. A stable rental market will also give renters more strength to negotiate with landlords. For instance: Austin, Texas was the "epicenter of multi-family construction," she said, meaning a lot of new supply was added into the city's rental market, bringing rental costs down. In contrast, supply-constrained metropolitan areas like Seattle, Washington, D.C., and New York City, are experiencing high rent growth of 5% annually. Mortgage rates declined this fall in anticipation of the first interest rate cut since March 2020.

Persons: Fairweather, Selma Hepp, Donald Trump, Jacob Channel, Redfin's Fairweather, Hepp, CoreLogic, Donald Trump's, Jessica Lautz, CoreLogic's Organizations: D.C, National Association of Realtors, CNBC Locations: U.S, Austin , Texas, Seattle , Washington, New York City, Florida , California, Texas

☆ Jay-Z accused of sexually assaulting 13-year-old in 2000 incident along with Sean ‘Diddy’ Combs
▼ + stars: | 2024-12-08 | by ( Kara Scannell | Elizabeth Wagmeister | ) edition.cnn.com time to read: +4 min

CNN —A woman who alleges she was sexually assaulted by Sean “Diddy” Combs has amended her lawsuit to include allegations that she was also assaulted by Jay-Z at the same party. Carter is the first celebrity to be accused of sexual assault in connection to Combs. In a statement addressed to CNN, Carter called the allegations “so heinous in nature that I implore you to file a criminal complaint, not a civil one!! Combs pleaded not guilty to the charges and has denied all wrongdoing in roughly 30 civil lawsuits that have been filed against him. The woman says she hit Combs and ran out of the party, according to the amended lawsuit.

Persons: Sean “ Diddy ” Combs, Jay, Combs, Shawn Carter, Carter, ” Combs, Jane Doe, Plaintiff, ”, – Carter, ” Carter, “, Beyoncé Knowles, Doe, Houston, Tony Buzbee, ” Buzbee Organizations: CNN, ” CNN Locations: Buzbee, Texas

At 4.1%, the unemployment rate remains historically low. (For context: The unemployment rate never dropped below 5% in the 1970s or the 1980s.) Expectations were for the unemployment rate to have climbed from 4.1% to 4.2%, with 214,000 jobs added. “With the current jobs market cooling down quite a bit from the Great Resignation, and with inflation, people don’t feel secure making the leap” to new roles, Wigert said. Not all economists agree that the U.S. labor market is experiencing unusual tensions — and what frictions do exist have, in certain cases, immediately identifiable causes.

Persons: Dan Hevia, ” Hevia, Hevia, “ I’m, ”, Guy Berger, “, ” Berger, what’s, Gallup, Ben Wigert, Wigert, they’re, Kamala Harris, Donald Trump, Harris, Trump’s, Wells, Goldman Sachs, Thomas Ryan Organizations: New, NBC News, Labor Statistics, of Labor Statistics, Glass, Gallup, ”, Biden, Trump, Capital Economics, Vanguard, “ Locations: New York City, U.S

☆ Rosenbluth: Retail investors, advisers, and institutions have embraced ETFs.
▼ + stars: | 2024-12-06 | 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 EmailRosenbluth: Retail investors, advisers, and institutions have embraced ETFs. Todd Rosenbluth, Director of Research at VettaFi, highlights the ETF industry's milestone of reaching $1 trillion in assets. He notes the growing adoption by retail investors, advisers, and institutions, and the diversification within the ETF space, including specialized and actively managed ETFs.

Persons: Todd Rosenbluth Organizations: Research

☆ Next week’s inflation data could derail a market that’s priced for perfection
▼ + stars: | 2024-12-06 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Next week's inflation data could derail a market that appears to be priced for perfection, ahead of the Federal Reserve's meeting later this month. To be sure, with some more risky parts of the market rallying, some investors worry the market is getting too frothy. Productivity final (Q3) Earnings: AutoZone Wednesday Dec. 11 8:30 a.m. Consumer Price Index (November) 8:30 a.m. Initial Claims (12/07) 8:30 a.m. Producer Price Index (November) Earnings: Broadcom , Costco Wholesale Friday Dec. 13 8:30 a.m. Import Price Index (November)

Persons: it's, Jay Woods, Oppenheimer, —, Tom Lee, CNBC's, Capital's Woods, Woods, Cathie, Price Organizations: Fed, CPI, Freedom Capital, Fundstrat Global Advisors, Nasdaq, Dow Jones, Oracle, Adobe, Broadcom, Innovation, American Association of, Investors, Labor, Costco, Price Locations: Santa Claus

☆ UnitedHealthcare CEO killing and Rockefeller Center Christmas tree lighting: Morning Rundown
▼ + stars: | 2024-12-05 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +7 min

The manhunt for the gunman who fatally shot UnitedHealthcare CEO Brian Thompson in New York City goes on. A study suggests there are millions of psychiatric disorders linked to exposure to lead in gasoline. And Rockefeller Center gets in the holiday spirit with its annual Christmas tree lighting. Manhunt continues for shooter in UnitedHealthcare CEO killingThe manhunt for the person who fatally shot the CEO of UnitedHealthcare is still going on. Rockefeller Center tree lights up the holiday seasonIt’s beginning to look a lot like Christmas at Rockefeller Center, which celebrated its tree lighting with a star-studded show last night.

Persons: Brian Thompson, Thompson, “, Jessica Tisch, Joseph Kenny, Paulette Thompson, ”, Kash Patel’s, Kash Patel, Donald Trump, Patrick T, Fallon, Donald Trump’s, Steve Bannon, Patel, Joe Biden, Republican Sen, John Cornyn, ” Cornyn, Critics, Trump, Kelly Clarkson, Thalia, Dan + Shay, Jennifer Hudson, Eric Adams, Chuck Scarborough, George Washington, John Moore, Albinson Linares, — Sandra Lilley, Elizabeth Robinson Organizations: Rockefeller Center, Police, Hilton, ”, Getty, Trump, Republican, FBI, Child Psychology, Psychiatry, Rockefeller, Backstreet, New York, NBC, Democratic, Noticias Telemundo, — Locations: New York City, New York, Central Park, Manhattan, Las Vegas, AFP, NBC New York, Japan, California, Democratic Republic of Congo

☆ Bitcoin's breakout is a precursor for equities through year-end, says Fundstrat's Tom Lee
▼ + stars: | 2024-12-05 | 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 EmailBitcoin's breakout is a precursor for equities through year-end, says Fundstrat's Tom LeeTom Lee, Fundstrat Global Advisors head of research, joins 'Squawk on the Street' to discuss what the rally in Bitcoin says of the risk appetite in markets, what to expect ahead in equity markets, and much more.

Persons: Tom Lee Tom Lee Organizations: Fundstrat Global Advisors Locations: Bitcoin

☆ Around the World in the Second Trump Administration
▼ + stars: | 2024-12-05 | by ( Eamon Javers | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAround the World in the Second Trump AdministrationSue Gordon, former U.S. Principal Deputy Director of National Intelligence, and the Brookings Institution's Michael O'Hanlon, Director of Research in Foreign Policy, discuss the global implications of the Trump administration's appointments and policies at the CNBC CFO Council Summit on Dec. 4, 2024. Will tariffs successfully intimidate China, or will Trump leadership increase the risk of war in the Taiwan Strait? Will Trump's promise to end the war in Ukraine be realized, and at what cost? And what does the return of Trump-brand diplomacy mean for the Middle East?

Persons: Second Trump Administration Sue Gordon, Michael O'Hanlon, Will Trump's Organizations: Second Trump Administration, National Intelligence, Brookings, Research, Trump, CNBC, Summit Locations: China, Taiwan, Ukraine

☆ Fundstrat's Tom Lee thinks the bitcoin rally above $100,000 is a bullish signal for stocks
▼ + stars: | 2024-12-05 | by ( Pia Singh | In | ) www.cnbc.com time to read: +2 min

Bitcoin's rally to new heights signals even more momentum for a stock market that's also at all-time highs, according to Fundstrat's Tom Lee. "I don't think $100,000 is the ceiling." He told CNBC he was confident that the digital currency would top $100,000 before year-end. Last month, he called for a year-end stock market rally fueled by investor de-risking and "animal spirits" driving postelection gains, largely on hopes of greater deregulation. He's also said that small-cap stocks could get a boost from Federal Reserve interest rate cuts and Trump's business-friendly stances.

Persons: Tom Lee, Lee, CNBC's, Donald Trump's, Paul Atkins, He's, Scott Mlyn Organizations: CNBC, Trump, Wednesday, Securities and Exchange Commission, Federal, Fundstrat Global Locations: Bitcoin

☆ Dubai is building thousands of villas to meet soaring demand for upmarket property
▼ + stars: | 2024-12-05 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Property prices keep rising as Dubai scrambles to build thousands more villas to meet demand. The influx of wealthy folk is causing a problem, however: there aren't enough houses to meet demand. To meet surging demand, Dubai is scrambling to build more homes. Developers will have to build even more upmarket properties to meet demand. Prices are expected to rise by 8% in 2025, yet luxury property in Dubai is still a relative bargain.

Persons: expats, Stefan Tomic, Knight Frank, Faisal Durrani, Knight Frank's, it's, Lu ShaoJi, Durrani Organizations: Dubai Market, Jumeirah, Emirates, globetrotters Locations: Dubai, East, North Africa, London, New York

☆ Prescription fills for weight loss drugs Zepbound and Wegovy more than doubled in 2024, GoodRx says
▼ + stars: | 2024-12-05 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

The data comes from GoodRx's new Weight Loss Medications Tracker, which examines fill trends and spending patterns in the U.S. for popular weight loss medications. But Marsh said out-of-pocket costs can add up, even if a patient has insurance coverage for a weight loss treatment. GoodRx said people without insurance can save an average of $250 monthly, or $3,000 annually, using its coupons for weight loss drugs. The federal Medicare plan also doesn't cover weight loss treatments unless they are approved and prescribed for another health condition. But the Biden administration in November proposed a rule that would allow Medicare and Medicaid to cover weight loss drugs for patients with obesity.

Persons: Eli Lilly, Wegovy, Tori Marsh, Marsh, GoodRx, Biden, Trump Organizations: Novo Nordisk, Insurance Locations: U.S, copays

☆ Invisible and unaccounted for: Why some migrant deaths on the border aren't recorded
▼ + stars: | 2024-12-04 | by ( Albinson Linares | Albinson Linares Is A Reporter For Noticias Telemundo Based In Mexico City. | ) www.nbcnews.com time to read: +11 min

Oscar Andrade says every day is an opportunity to rescue migrants in the Arizona desert, where temperatures exceeded 110 degrees Fahrenheit this year. For Andrade, the number of sets of migrant remains is a cause for worry. According to the researchers’ data, the largest discrepancies in numbers occurred in 2021 and 2020, when Pima County recorded 225 and 206 migrant deaths, respectively, compared with Border Patrol data, which totaled 78 and 43. Border Patrol changes and their impactMartinez and his team of researchers noted that the discrepancies in the numbers of migrant deaths between coroners' offices and Border Patrol began to increase in 2013 and have not stopped growing. Under a border security initiative that ended in 2012, Border Patrol was responsible for trying to find as many deaths as possible in border counties.

Persons: Oscar Andrade, ”, Andrade, ” Andrade, they're, Daniel Martinez, “, ” Martinez, someone’s, Martinez, coroners, Gene Hernandez, Pima, Hernandez, Donald Trump, Trump Organizations: “, Chaplains, U.S . Customs, Border Patrol, Migration, University of Arizona, Human, International Organization for Migration, Noticias Telemundo, Patrol, Customs, Protection, CBP, Wildlife, University of New, University of New Mexico Medical Investigator’s Office, El Locations: Arizona, California , New Mexico , Texas, U.S, Pima County, Mexico, California , Arizona, New Mexico , Texas, Florida, morgues, Pima, Cochise, Santa Cruz, Tucson, Cabeza Prieta, University of New Mexico, El Paso County, New Mexico, El Paso , Texas

Pete Hegseth’s drinking while working for Fox News was concerning, some former colleagues said. → One current and two former Fox employees saying they felt like they needed to “babysit” Hegseth because of his drinking and late nights. → Three current employees saying Hegseth’s drinking remained a concern up until Trump announced him as his choice to run the Pentagon, at which point Hegseth left Fox. Last weekend, The New Yorker detailed concerns about Hegseth’s drinking at two jobs he held at nonprofit veterans’ groups before he joined Fox. Hegseth’s Senate confirmation appears to be in peril as Republicans grow increasingly concerned about the allegations.

Persons: Pete Hegseth’s, Pete Hegseth, Donald Trump’s, “, Hegseth, he’d, Yoon Suk, Yoon, SCOTUS, Biden, Jonathan Skrmetti, Eli Lilly’s Zepbound, Hannah Kobayashi, ”, Bryce Young, Baker Mayfield, don’t, — Sara G, Miller Organizations: Fox News, “ Fox, Friends, Fox, Trump, Pentagon, Republicans, ’, GOP, South, Democratic Party, Yoon’s People Power Party, Verizon, FBI, CIA, Novo Nordisk’s Wegovy, Los Angeles Police, United Airlines, NFL, Staff, NBC Locations: South, California, Hegseth’s, North Korea, Tennessee, China, U.S, Indian

☆ France's political chaos casts long shadow over economic growth
▼ + stars: | 2024-12-04 | by ( Jenni Reid | ) www.cnbc.com time to read: +5 min

The administration is widely seen as likely to be ousted, just three months after it was formed. Greece had briefly lost its investment grade credit rating status amid the euro area debt crisis, which led to the nation's sovereign default. "Beyond economic growth and stability, this will send debt in a non-sustainable direction in France." Analysts at Dutch bank ING, who previously forecast French growth slowing from 1.1% in 2024 to 0.6% in 2025, said Tuesday that the fall of Barnier's government "would be bad news for the French economy." Loading chart..."At a time when economic growth in France is slowing markedly, this is bad news.

Persons: Joel Saget, Michel Barnier, Barnier —, Emmanuel Macron, Macron, Barnier, Carsten Nickel, Nickel, Maybank, Javier Díaz, Giménez, Gilles Moëc, Moëc Organizations: Afp, Getty Images, Assembly, Spain's IESE Business School, CNBC, ING, AXA Locations: Paris, Germany, France, Greece

☆ LPGA and USGA update gender policies, impacting some transgender golfers
▼ + stars: | 2024-12-04 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —Two golf governing bodies – the LPGA and the USGA – announced new guidelines Wednesday requiring golfers to be female at birth or to have transitioned pre-puberty to be eligible to compete in women’s events. Athletes assigned female at birth are eligible to compete on the LPGA Tour, Epson Tour, Ladies European Tour and USGA championships and team events. Meanwhile, players assigned male at birth and who have gone through male puberty are not eligible. “Our policy is reflective of an extensive, science-based and inclusive approach,” said LPGA Commissioner Mollie Marcoux Samaan in a press release. The USGA defines male puberty in the same terms as the LPGA.

Persons: ”, Mollie Marcoux Samaan, Ross D, Tanner, Mike Whan, Rob Carr, Hailey Davidson, Davidson, “, ” Davidson, Joshua Safer, ” Safer, DJ Oberlin Organizations: CNN, USGA –, LPGA, Epson, European Tour, USGA, Franklin, Cleveland Clinic, Associated Press, Sinai Center, Transgender Medicine and, British, of Sports Medicine Locations: United States

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