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☆ Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in his office
▼ + stars: | 2024-11-26 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Steve_Kopack.Jpg | ) www.nbcnews.com time to read: +3 min

President-elect Donald Trump on Monday said his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have a major impact on trade. Trump said that he would also seek to impose additional tariffs on China. Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes. Embassies for Canada, China and Mexico did not immediately respond to requests for comment on Monday night. The tariffs floated by Trump would upend one of the biggest economic deals of his first term.

Persons: Donald Trump, Trump, Joe Biden, Xi Jinping, Biden, Kamala Harris, ” Trump, Harris, Trump's, Arturo Sarukhan Organizations: Monday, United, United States ’, Democratic, Trump, Capitol, NBC News, National Retail Federation, CNBC Locations: Mexico, Canada, China, United States, United States of America, U.S, California

☆ 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

☆ Mate 70: Huawei seals post-Android comeback by unveiling new phone with its own software
▼ + stars: | 2024-11-26 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

The new Mate 70 smartphone, which starts at 5,499 yuan ($760), features the HarmonyOS Next operating system, which no longer supports Android-based apps. The Mate 70 represents a “critical step” in Huawei’s software evolution, Lucas Zhong, research analyst at Canalys, told CNN. The shift away from the Android ecosystem “will be essential for Huawei to maintain momentum in the premium segment, solidify consumer loyalty, and attract potential platform switchers,” he said. Major Chinese tech companies have reportedly gotten on board, hiring developers to create compatible apps. “If no one uses it, no matter how advanced the operating system is, it will have no value,” he said, according to a Wechat post.

Persons: ” Richard Yu, Lucas Zhong, ”, Canalys, Eric Xu, Xu, Mengmeng Zhang Organizations: Hong Kong CNN, Huawei, Washington, CNN, Counterpoint Research Locations: China, Hong Kong, United States

☆ Trump's proposed tariff increases would boost inflation by nearly 1%, Goldman Sachs estimates
▼ + stars: | 2024-11-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The latest tariff proposal from President-elect Donald Trump would likely put upward pressure on inflation in the United States, according to Goldman Sachs. The core PCE, which strips out food and energy prices, is the preferred inflation reading of the Federal Reserve. A tariff-linked increase in core PCE could scramble the calculations around Fed rate cuts. To be sure, it remains to be seen whether the tariffs will actually be implemented at the levels Trump proposed — or what exceptions might be made. Some of Trump's advisors and supporters have characterized the tariffs he proposed during the campaign as a bargaining position rather than a set policy.

Persons: Donald Trump, Goldman Sachs, Trump, Jan Hatzius, Hatzius, Dow Jones, Jerome Powell Organizations: PCE, Federal Reserve, Trump Locations: United States, China, Canada, Mexico, U.S, PCE

☆ Biden Cuts Intel’s Chip Award
▼ + stars: | 2024-11-26 | by ( Ana Swanson | Tripp Mickle | ) www.nytimes.com time to read: +1 min

The Biden administration said Tuesday that it would award up to $7.86 billion in direct funding to Intel, with the U.S. chip giant set to receive at least $1 billion of that money before the end of the year. The money is a reduction from Intel’s preliminary award of $8.5 billion, which President Biden announced during a visit to the company’s Arizona plant in March. The Commerce Department said it had reduced Intel’s grant because the chip maker, the biggest recipient of money under the CHIPS Act, also received a $3 billion contract to make semiconductors domestically for the military. But the Commerce Department also detailed in a project document that Intel, which is under financial pressure because of a sales slump, had extended timelines for some projects beyond a 2030 government deadline. It also reduced the estimated jobs it would create in Ohio, where it will require 3,500 fewer employees than the 10,000 it previously estimated, the Commerce Department said.

Persons: Biden Organizations: Intel, Commerce Department Locations: U.S, Arizona, United States, Ohio

☆ Automaker shares fall as Trump threatens 25% tariff on Mexico and Canada
▼ + stars: | 2024-11-26 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Jorge Duenes | REUTERSDETROIT – Shares of automakers General Motors and Stellantis fell Tuesday morning after President-elect Donald Trump threatened to put 25% tariffs on goods imported from Canada and Mexico into the U.S. UBS reports the automotive industry is responsible for 26% of imports from Mexico to the U.S., including vehicles and parts, and 12% from Canada. Nearly every major automaker operating in the U.S. has factories in Mexico, however GM and Stellantis produce highly profitable full-size pickup trucks there. Shares of Toyota Motor, Honda Motor and others with production in Mexico also were down at least 1%. Trump announced he intends to levy a 25% tariff on all U.S. imports from Canada and Mexico using an executive order when he is inaugurated on Jan. 20.

Persons: Jorge Duenes, Stellantis, Donald Trump, Trump Organizations: Toyota, REUTERS DETROIT –, General Motors, American Free Trade, UBS, GM, Barclays, Ford, Chrysler, Ford Motor, Toyota Motor, Honda Motor, North American Free Trade, American Automotive Policy Council Locations: U.S, Tijuana , Mexico, Canada, Mexico, United States

☆ Does the United States Have an Infertility Crisis?
▼ + stars: | 2024-11-26 | by ( Dani Blum | ) www.nytimes.com time to read: +1 min

It’s become a popular talking point among some of President-elect Trump’s most prominent supporters: America has an infertility problem. “Why are so many couples infertile?” Robert F. Kennedy Jr., Mr. Trump’s nominee to lead the Department of Health and Human Services, asked in a September post on the social media site X. Dr. Casey Means, a former surgeon and health influencer who has advised Mr. Kennedy, has called infertility a “crisis.”And Mr. Trump himself has said he would task Mr. Kennedy with investigating “the decades-long increase in chronic health problems,” including infertility, or the medical inability to conceive. Like people in many other developed regions across the globe, Americans are having fewer children now than before — a demographic trend that has alarmed some conservatives in particular. Some of that is likely a result of social and economic factors, like steep child care costs, housing prices and more people choosing to forgo starting families.

Persons: It’s, Trump’s, Robert F, Kennedy Jr, Casey Means, influencer, Kennedy, Trump Organizations: America, Department of Health, Human Services

☆ Why are planes so jammed? Airlines want it that way so they can charge more
▼ + stars: | 2024-11-26 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

A record 31 million passengers are expected to fly US airlines over the course of this week, according to Airlines for America, the industry trade group. And while many airlines have increased the available number of flights and seats, those capacity increases have not kept pace with demand. With some of the busiest months yet to come, a new record for the percentage of seats airlines’ filled is within reach. Airlines are signaling prices will probably go higher as some of the lower-fare airlines struggled with ongoing losses and sharply reduced their capacity. But critics of the airlines say troubles at the lower fare airlines aren’t solely to blame for higher fares.

Persons: it’s, Fuller, —, ”, Scott Keyes, Andrew Nocella, “ We’ve, Scott Kirby, William McGee, It’s, ” McGee, “ Organizations: New, New York CNN, Airlines for America, Spirit Airlines, Southwest Airlines, JetBlue Airways, Spirit, JetBlue, Frontier, American Economic Liberties Locations: New York, Cirium, Southwest, Delta, United States, United

☆ Israeli Ministers Plan to Vote on Truce With Hezbollah
▼ + stars: | 2024-11-26 | by ( Patrick Kingsley | More About Patrick Kingsley | ) www.nytimes.com time to read: +1 min

Prime Minister Benjamin Netanyahu of Israel was expected to meet on Tuesday afternoon with senior cabinet ministers to decide whether to approve a cease-fire with Hezbollah, potentially setting the stage for an end to Israel’s 13-month war with the Lebanese militia. The proposal, mediated by American and French diplomats, would start a 60-day process during which both sides would stop fighting and withdraw from southern Lebanon. Israeli forces would return south of the Israel-Lebanon border, while Hezbollah would retreat north of the Litani River, allowing the Lebanese Army — which is not a party to the Israel-Hezbollah conflict — to fill the vacuum. But many questions about the proposal remain unanswered, including how the Lebanese Army would exert authority over the powerful militia. Israel has sought guarantees from the United States that it would have U.S. support to send troops back into southern Lebanon if Hezbollah violated the arrangement.

Persons: Benjamin Netanyahu, Israel Organizations: Lebanese Army Locations: Tel Aviv, Lebanon, Israel, United States

The Goldman Sachs analysis also described Trump’s tariff announcement as “more reminiscent of the first Trump administration, when such tariffs were announced as a negotiating tactic.” Trump ultimately declined to impose some of his proposed tariffs. The unprecedented policy required migrants to stay in Mexico for the duration of their immigration proceedings in the United States. On the campaign trail, he frequently pledged to use tariffs as a negotiating tool to bend China and North American countries’ policies to his will. His advisers have acknowledged privately that tariffs could be more urgently slapped on Canada and Mexico, as Trump seeks to fulfill his campaign pledge to renegotiate his own free trade agreement. But Lutnick added that Trump wouldn’t seek to slap price-raising tariffs on goods that aren’t made in the United States.

Persons: Donald Trump’s, “, ”, Goldman Sachs, Matt Priest, Trump’s, Trump, ” Trump, Stephen Miller, Mike Pence, Claudia Sheinbaum, ” Sheinbaum, Joe Biden’s, —, Howard Lutnick, Lutnick, aren’t, ” Lutnick, it’s, CNN’s Matt Egan, David Goldman Organizations: CNN, Trump, Footwear Distributors, Retailers of America, General Motors, Stellantis, Ford Motor Company, North American Free Trade, Detroit Economic, CNBC Locations: Mexico, Canada, China, United States, North, America, ”, Washington, Mexican

☆ Judge Approves National Association of Realtors Lawsuit Settlement
▼ + stars: | 2024-11-26 | by ( Debra Kamin | ) www.nytimes.com time to read: 1 min

It’s official: A legal settlement that will rewrite the way many real estate agents are paid in the United States has received its final approval from a federal judge. Judge Stephen R. Bough of the Western District of Missouri on Tuesday approved an agreement between the National Association of Realtors and a group of home sellers who sued the real estate trade group over its longstanding rules on agents’ commissions, which they say forced them to pay excessive fees. It was the last step in an eight-month process that was set in motion when N.A.R., the nation’s largest trade association, agreed to the landmark deal on March 15. It was also largely a formality — Judge Bough gave preliminary approval to the agreement on April 23, and the rule changes detailed in the settlement took effect on Aug. 17, forcing agents across the country to begin adjusting how they do their jobs.

Persons: Stephen R, Bough Organizations: United States, Western, of, National Association of Realtors Locations: United, of Missouri

☆ Walmart Pulls Back on D.E.I. Initiatives Amid Conservative Pressure
▼ + stars: | 2024-11-26 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The company will also stop funding the Center for Racial Equity, a nonprofit initiative that Walmart has backed with $100 million, when the agreement expires next year. And the company will stop sharing data with the Human Rights Campaign, a nonprofit that tracks businesses’ L.G.B.T.Q. Mr. Starbuck has waged online campaigns against several companies whose policies he deems to be too “woke.” While Mr. Starbuck is benefiting as much from a trend to reverse D.E.I. Walmart represents a different kind of company: one with employees and customers on both sides of the political divide. “America just voted, and we voted against ‘wokeness,’” Mr. Starbuck said in a video posted on X, as he announced his next targets: Amazon and Target.

Persons: Starbuck, Donald J, ” Mr, John Deere, ‘ wokeness, ’, Mr Organizations: for Racial Equity, Walmart, Human Rights, Tractor Locations: United States, America

☆ Trump’s evasion of January 6 accountability will echo for next four years and generations to come
▼ + stars: | 2024-11-26 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The federal elections case led to a Supreme Court ruling granting a president limited immunity for official acts. This is likely to reinforce Trump’s belief that he will have almost unchecked authority and will therefore reverberate through the next four years and generations to come. And by voting the way they did, Americans effectively exonerated him in the federal cases — on charges that could have landed him in jail. Drew Angerer/Getty ImagesWhat the thwarting of accountability meansThere will be short- and long-term consequences from Trump escaping accountability. But he also portrayed Trump’s evasion of a trial as a dark day for America.

Persons: Jack Smith, Donald J, Trump, Trump’s, –, “, Smith, ”, Donald Trump, Drew Angerer, ” James, Julia Chatterley, “ It’s, Tanya Chutkan, Merrick Garland, Garland, —, I’m, Steven Hirsch, ” Trump, ” Smith, Joe Biden, Dan Goldman, CNN’s Boris Sanchez Organizations: CNN, Trump, Capitol, Department, US, Hofstra University, CNN International, Democrat, Justice Department, Democrats, Democratic House, stoke, Republican Party, Republican, Manhattan Criminal, FBI, MAKE, New York Democrat, America, United Locations: United States, America, Washington ,, Washington, New York, Georgia, New York City, Florida

☆ AI engineers are in high demand — but what is the job really like?
▼ + stars: | 2024-11-26 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

"Artificial intelligence" and "job creation" aren't typically two terms thrown together in the same sentence — and for good reason. One report from Goldman Sachs in 2023 estimated 300 million full-time jobs could be lost to automation. Tens of millions of jobs are also being created by AI, with jobs that require AI specialist skills growing at 3.5 times the pace of jobs overall. CNBC met with three Singaporeans working with AI across multiple sectors, as they fought scams and fraud, developed large language models and designed chatbots. Watch the video above to learn how engineers are leveraging AI in their jobs – and why it's never too late for a career switch.

Persons: Goldman Sachs, 2016,1, Rajat Maheshwari, Mastercard Joel Garcia, it's Organizations: CNBC, & Intelligence Solutions, Mastercard, ASEAN, Amazon Leong, SEA Locations: United States, United Kingdom, Canada, Singapore

☆ Trump said he'll charge up to an extra 25% on imports from Mexico, Canada, and China. Here's what the US buys from them the most.
▼ + stars: | 2024-11-26 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

AdvertisementPresident-elect Donald Trump is expanding his plans for tariffs on Mexico, China, and Canada. Trump's tariff plans could face legal issues, and he may choose not to implement them. The Census Bureau reported that in 2023, the US imported a total of about $1.3 trillion in goods from China, Mexico, and Canada combined. AdvertisementSome companies have already been preparing to increase prices as a result of Trump's tariff plans on the campaign trail. Trump wrote of the Mexico and Canada tariffs.

Persons: Donald Trump, Donald Trump's, Trump, John David Rainey, François Legault, Arturo Sarukhan, — Organizations: Business, Census Bureau, Walmart, CNBC, Trump, Companies Locations: Mexico, China, Canada, Quebec, United States, Mexican

☆ Israel has agreed to a truce in Lebanon with Hezbollah. Here’s what that means
▼ + stars: | 2024-11-26 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +8 min

CNN —Israel and Lebanon have accepted a US-backed proposal to end the 13-month border conflict that spiraled into an all-out war in September with Hezbollah. What the deal entailsThe deal stipulates a 60-day cessation of hostilities, which negotiators have described as the foundation of a lasting truce. On September 27, Israel killed Hezbollah’s long-time leader Nasrallah in a massive attack in the southern suburbs of Beirut, upending the truce talks. Since October 2023, Hezbollah’s attacks on Israel have killed 47 Israeli civilians and 31 security forces in Israel. Palestinians in Gaza are unlikely to find respite if a Lebanon deal is signed, according to a regional analyst.

Persons: CNN —, Joe Biden, Biden, Emmanuel Macron, Isaac Herzog, “, ”, ” Herzog, Israel, Chris McGrath, Hassan Nasrallah, Hezbollah’s, Nasrallah, Ahmad Al, ” Hellyer, Bashar Taleb Organizations: CNN, UN, United Nations, Lebanese, Royal United Services Institute, Getty, US, United Locations: CNN — Israel, Lebanon, Israel, France, Iran, overflights, Lebanese, Aadaysit, Gaza, Beirut, upending, ”, London, Deir el, Balah, United States

☆ Trump's Mexican tariffs threaten to make life more difficult for automakers — including Tesla and BYD
▼ + stars: | 2024-11-26 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementDonald Trump has vowed to hit Mexico with a 25% tariff, which would affect automakers including Tesla. The threat of tariffs on Mexico has also put a $10 billion new factory proposed by Elon Musk in limbo. Musk backed Trump's election campaign and has been given a role to target wasteful government spending. The world's richest person praised Trump's proposed tariffs on Mexico and China in an X post on Monday, saying they would be "highly effective." Analysts told BI that the tariffs floated by Trump would deter automakers such as Tesla from investing south of the border.

Persons: Donald Trump, Tesla, Trump, Elon Musk, Donald Trump's, Alex Brandon, Musk, Trump's, Sam Fiorani, Fiorani, Ford, Stellantis, David Whiston, Scott Olson, BYD, Stella Li, Stephanie Brinley, Alanis King, Brinley Organizations: Truth, Elon, AP, Investment, UBS, Trump, AutoForecast Solutions, General Motors, GM, Ford, Getty, Toyota, Tacoma, Nissan, Volkswagen, EV, BYD, SAIC, Reuters, Street Journal, Chrysler, BMW, P Global, Toyota Tacoma Locations: Mexico, Monterrey, China, Detroit, United States, Cuautitlan, Toluca, San Luis Potosí

☆ Orange partners with OpenAI, Meta to develop custom African-language AI models
▼ + stars: | 2024-11-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Joan Cros | Nurphoto via Getty ImagesFrench telecoms giant Orange on Tuesday said it's partnering with Microsoft -backed OpenAI and Facebook-owner Meta to build custom artificial intelligence models designed to better understand regional African languages. Orange said it's working with OpenAI and Meta to develop custom AI models built on their respective Whisper and Llama open-source AI models — openly available systems that can be adapted to meet specific needs — that can understand West African languages not understood by most conversational systems. The open-source AI models will be provided externally by Orange with a free license for non-commercial uses including public health and education, the company said. Orange plans to expand its custom AI model initiative to eventually cover all 18 West African countries. In addition to using AI systems to improve customer service, Orange is also using the tech to improve a core part of its business: mobile networks.

Persons: MSFT ORA, Joan Cros, it's, Meta, Orange, Steve Jarrett, Orange's, Jarrett, Claude aren't Organizations: Mobile, Nurphoto, Getty Images, Microsoft, Facebook, Meta, CNBC, West Locations: Barcelona, Spain, Orange, United States, Europe, East, Africa, Senegal, Gambia, Mauritania, West

☆ Cadillac is forming an F1 team as the USA's new love affair with the sport deepens
▼ + stars: | 2024-11-26 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

AdvertisementFormula 1 and General Motors announced that Cadillac will join the sport as its 11th team in 2026. The team, led by the US' most successful F1 driver, Mario Andretti, had been pushing to join the sport for several years. Andretti said on X that he will be involved in the Cadillac team but not in its day-to-day operations. Three races are now held in the country every year: the Miami Grand Prix, the United States Grand Prix in Austin, and the Las Vegas Grand Prix. The previous TV record in the US was 2.6 million viewers, which was set in 2022 for the inaugural Miami Grand Prix.

Persons: Andretti, Mario Andretti, Biden, Trump, Greg Maffei, Logan Sargeant, Williams Organizations: General Motors, Cadillac, Grands Prix, Miami, Andretti, GM, Business, Liberty Media, Miami Grand Prix, United States, Prix, Las Vegas Locations: Michigan, Colorado, Austin

☆ After Trump’s Tariff Threat, Is a China Currency War Next?
▼ + stars: | 2024-11-26 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Beijing has a powerful tool for responding to President-elect Donald J. Trump’s threatened new tariffs on Chinese goods: It could start a currency war, a step that poses formidable risks for China as well as the United States. Letting China’s currency, the renminbi, lose value against the dollar would be a tried and true answer to tariffs. A cheaper renminbi would make Chinese exports less expensive for overseas buyers, mitigating the harm to China’s competitiveness from Mr. Trump’s tariffs. A strategic devaluation of China’s currency, which is tightly controlled by the country’s central bank, could allow Beijing to supercharge its powerful export machine. China is poised for further gains, as its banks step up lending to build new factories.

Persons: Donald J, Trump’s, Trump Locations: Beijing, China, United States, Canada, Mexico

☆ Mexican President Mulls Retaliatory Tariffs After Trump’s Threats
▼ + stars: | 2024-11-26 | by ( Simon Romero | More About Simon Romero | ) www.nytimes.com time to read: +1 min

Mexico’s president, Claudia Sheinbaum, hit back on Tuesday morning at President-elect Trump’s vow to impose 25 percent tariffs on all products coming into the United States from Mexico, signaling that her country was prepared to respond with retaliatory tariffs of its own. Ms. Sheinbaum also said that raising tariffs would fail to curb illegal migration or the consumption of illicit drugs in the United States, an argument that Mr. Trump had made in his warning on tariffs. “The best path is dialogue,” Ms. Sheinbaum said at her daily news conference, calling for negotiations with the incoming Trump administration while laying out steps that Mexico has already taken to assuage some of Mr. Trump’s concerns. Ms. Sheinbaum, reading from a letter she is planning to send to Mr. Trump, noted that illegal crossings at the border between Mexico and the United States had plunged from December 2023 to November 2024, largely as a result of Mexico’s own efforts to stem migration flows within its own territory.

Persons: Claudia Sheinbaum, Trump’s, Sheinbaum, Trump, ” Ms Organizations: Trump Locations: United States, Mexico

The latest:Trump wants to impose 25 percent tariffs on Canada and Mexico “on ALL products coming into the United States,” he said on Truth Social. He also wants an “additional” 10 percent tariff on imports from China, which Trump blames for the fentanyl crisis, a charge that Beijing has repeatedly disputed. Europe, Japan and South Korea weren’t even mentioned in Trump’s announcement, but stocks have fallen there, too. That suggests rising fears that a new trade war could scramble global supply chains and dent profits. Automakers are some of the hardest hit stocks, with Volkswagen, Stellantis and Nissan, which run manufacturing operations in Mexico, all down.

Persons: Donald Trump’s, Trump, ”, South Korea weren’t, Scott Bessent, it’s Trump, Robert Lighthizer, Bill Ackman, ” Mohit Kumar Organizations: Trump, Investors, United States ’, —, Truth, Canadian, Volkswagen, Nissan, Treasury Department, Trade Representative, Jefferies Locations: — Canada, China, Mexico, Canada, United States, Beijing, Europe, Japan, South Korea, America

☆ Huawei Targets Apple with Advanced Chip Innovation in China
▼ + stars: | 2024-11-26 | by ( Meaghan Tobin | John Liu | ) www.nytimes.com time to read: +1 min

Last year, the tech giant Huawei catapulted to the top of the smartphone market in China when it released the Mate 60 Pro, a phone that contained a tiny computer chip more advanced than any previously made by a Chinese company. The chips used by Huawei’s smartphones have become a symbol in the struggle between China and the United States for control over advanced technology. Policymakers in Washington have spent years trying to prevent Chinese companies from being able to make the kind of chip Huawei uses in its Mate phone. Shoppers in China were excited to buy a phone with state-of-the-art components that had been made entirely at home. Huawei was able to appeal to Chinese customers who previously would have been more likely to buy iPhones, eating into Apple’s most important market outside the United States.

Organizations: Huawei Locations: China, United States, Washington, U.S

☆ Opinion | I Ran Operation Warp Speed. I’m Concerned About Bird Flu.
▼ + stars: | 2024-11-26 | by ( David A. Kessler | ) www.nytimes.com time to read: +1 min

I was co-leader of Operation Warp Speed, which began in Mr. Trump’s first term to accelerate the development of Covid-19 vaccines. I worked on the purchase and rollout of hundreds of millions of vaccines and on developing antiviral treatments. Now I am back at my job teaching at the medical school at the University of California, San Francisco. I have been monitoring the spread of bird flu, also known as H5N1, and discussing the situation with colleagues around the country. In addition, a child in Alameda County in California with minor respiratory symptoms tested positive for H5N1 recently; it is unclear how the child became infected.

Persons: Donald Trump, Biden, Trump’s Organizations: White, Biden administration’s, University of California Locations: San Francisco, United States, Alameda County, California

☆ The Migrant Caravans Trump Derides Rarely Make It Close to the U.S.
▼ + stars: | 2024-11-26 | by ( James Wagner | More About James Wagner | ) www.nytimes.com time to read: +1 min

When President-elect Donald J. Trump vowed to impose new 25 percent tariffs on all goods coming into the country from Canada and Mexico, he said he’d keep them in place until drugs and people were stopped from crossing U.S. borders. In particular, Mr. Trump mentioned a caravan of migrants bound for the United States from southern Mexico. It was the latest example of Mr. Trump using such collections of migrants to bolster his claims about the border — although it’s rare they ever get that far. The groups of thousands of migrants often come together in southern Mexico near its border with Guatemala, which is more than 1,000 miles from the United States. While waiting in the southern city of Tapachula for humanitarian visas to travel through Mexico, a process that can often take months, migrants band together as they prepare to move north.

Persons: Donald J, Trump, he’d Locations: Canada, Mexico, U.S, United States, Guatemala, Tapachula

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