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☆ Peter Thiel says Elon Musk's embrace of Donald Trump helped other Silicon Valley leaders feel safe supporting him
▼ + stars: | 2024-11-15 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Peter Thiel attributed recent Trump support in Silicon Valley, in part, to Elon Musk's efforts. Thiel told journalist Bari Weiss that Musk provided "cover" for other tech leaders to support Trump. AdvertisementBillionaire Peter Thiel credited Elon Musk, in part, with helping other tech leaders feel comfortable publicly supporting President-elect Donald Trump. Weiss asked Thiel if the Tesla CEO was "the critical ingredient" that allowed other business leaders to feel safe endorsing the divisive president. Thiel characterized the feeling inside Silicon Valley as one of growing frustration toward "corporate governance" and "how ridiculous it's gotten to manage these ideologically deranged millennial employees."

Persons: Peter Thiel, Trump, Elon, Thiel, Bari Weiss, Musk, —, Elon Musk, Donald Trump, Marc Andreessen, David Sacks, Shaun Maguire, Reid Hoffman, Ron Conway, Mark Cuban, Kamala Harris, Weiss, Tesla, Vivek Ramaswamy, It's Organizations: Service, PayPal, Trump, Department of Government, SpaceX Locations: Silicon Valley, Silicon, November's, California, Texas

☆ Iranian anti-regime activist who died by suicide buried in Tehran
▼ + stars: | 2024-11-15 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +3 min

Warning: This story contains descriptions of self-harm that some readers might find distressingCNN —Iranian activist Kianoosh Sanjari, who died by suicide this week in protest at political imprisonments by the regime, was buried Friday in the capital Tehran. “It is time to act… as Iranians, we should attend his burial with enthusiasm and respect, to honor this noble and tortured individual,” Ronaghi wrote on X. Abdollah Momeni, another Iranian activist, said that when he saw Sanjar’s post, he rushed to meet him, only to find “a white sheet thrown” over his body by Hafez Bridge. On Thursday, the state news agency ISNA reported that a judicial case had been opened by the prosecutor’s office in Tehran regarding Sanjari’s suicide. He was accused of “acting against state security” and “propaganda against the system,” according to the human rights organization.

Persons: Kianoosh Sanjari, Sanjari, “, Ayatollah, Khamenei, ” Sanjari, Fatemeh, Nasreen, Toomaj, ”, Hafez, Kianoosh, ’ Hossein Ronaghi, …, ” Ronaghi, Abdollah Momeni, ” Momeni, ISNA, IranWire Organizations: CNN, Islamic, Amnesty, Persian Service, of America, Service Locations: Tehran, Islamic Republic, Charsou, “, Iranian, Tehran’s, Iran, Washington ,

☆ Trump’s latest controversial Cabinet pick could have a huge impact on Americans’ health and lives
▼ + stars: | 2024-11-15 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

The president-elect’s previous selections for director of national intelligence, attorney general and defense secretary could change the country and the world in the long term. The US Department of Health and Human Services secretary has a massive platform and huge power to influence the information that Americans have and the choices they make. “I guess if you like health and you like people who live a long time, it is the most important position,” Trump said. Christina House/Los Angeles Times/Getty ImagesAnother health expert and former US Centers for Disease Control and Prevention acting director condemned the pick. The highly contagious disease is preventable with two doses of the measles vaccine that most Americans get as kids.

Persons: Donald Trump’s, Robert F, Kennedy Jr, “, Kennedy, Trump’s MAGA, Kennedy’s ascendency, Bobby ’ Kennedy, ” Trump, Bobby, ”, Matt Gaetz, Trump, Pete Hegseth, Tulsi Gabbard, Bashar al, Assad, Carlos Barria, Jake Tapper, Indiana Sen, Jim Banks, Jake, Donald Trump, ” Banks, —, ’ Kennedy, he’d “, Dr, Ashish Jha, Covid, CNN’s Wolf Blitzer, Jha, Christina House, Richard Besser . Besser, CNN’s Kaitlan Collins, kindergartners, Mandy Cohen, CNN’s Meg Tirrell, who’s, ” Cohen, Lex Fridman’s, CNN’s Kasie Hunt, don’t, –, ’, won’t, Mitch McConnell — Organizations: CNN, National Institutes of Health, RFK Jr, Trump, US Department of Health, Human Services, Trump’s, Fox News, America, Reuters, Biden, Brown University’s School of Public Health, Republican, Democratic, “ RFK, Los Angeles Times, US Centers for Disease Control, World Health Organization, CDC, Milken, Health Summit, Trump Cabinet, Senate, FBI, GOP Locations: Lago, Florida, Palm Beach , Florida, Washington, Huntington Park , California

☆ How Democrats can still flex power in Trump's Washington: From the Politics Desk
▼ + stars: | 2024-11-14 | by ( The Politics Desk | ) www.nbcnews.com time to read: +11 min

In today’s edition, senior national political reporter Sahil Kapur examines the way Democrats can still exert some power in Donald Trump's Washington. How Democrats can still flex power in Trump’s WashingtonBy Sahil KapurRepublicans have won full control of Washington, but Democrats will retain two key levers of power to shape legislative outcomes in Donald Trump’s second term. That margin is slimming further as Trump plucks House members for administration jobs. The last two years showed how chaotic and dysfunctional this GOP-controlled House can be, even when the stakes are low. The Ethics Committee has jurisdiction over only sitting House members.

Persons: Sahil Kapur, Donald, Donald Trump's Washington, Matt Gaetz's, Robert F, Kennedy Jr, Donald Trump’s, Robert Garcia, “, Sen, John Thune, ”, Chris Van Hollen, Van Hollen, Patty Murray, Richard Hudson, Trump, Donald Trump, it’s, it’ll, Tony Gonzales, Matt Gaetz, Ryan Nobles, Julie Tsirkin, Frank Thorp V, Kate Santaliz, Gaetz, Justice Department —, they’ll, Joni Ernst, John Curtis, → Trump, Berkeley Lovelace Jr, Dasha Burns Trump, Kennedy, Bill Cassidy, Tulsi Gabbard, Pete Hegseth, Elon Musk, Vivek Ramaswamy’s, 🗞️, Tim, lea Organizations: NBC, White House, Capitol, Republicans, Health, Human Services Department, Sahil Kapur Republicans, Trump plucks, ”, Republican, Senate, GOP, House Republican, Justice Department, NBC News, Committee, Punchbowl News, RFK, Human Services, Department of Health, Food and Drug Administration, Education, Labor, Pensions, “ RFK, Trump, Elon, of Government, Cabinet Locations: Donald Trump's, Trump’s Washington, Washington, “, Texas, Florida, Congress, Iowa, Utah, Elon, usk

Anna Moneymaker/Getty ImagesTop Republicans on the Senate Judiciary Committee are being careful to keep their options open regarding President-elect Donald Trump’s selection for attorney general, former GOP Rep. Matt Gaetz. Asked if the Senate should receive the House Ethic Committee report on Gaetz, incoming Senate Majority Leader John Thune, of South Dakota, said: “I haven’t given that any thought yet. South Carolina Sen. Lindsey Graham and North Carolina Sen. Thom Tillis were less insistent on seeing the House committee’s report. Elections have consequences; (Trump) chose Matt Gaetz. Latest from the Ethics Committee: Asked about the pending report on Gaetz, House Ethics Chairman Michael Guest said Thursday, “What happens in Ethics is confidential.

Persons: Sen, John Cornyn, Chambers, Anna Moneymaker, Donald Trump’s, Matt Gaetz, John Thune, ”, ” Texas Sen, Carolina Sen, Lindsey Graham, North Carolina Sen, Thom Tillis, Tillis, Graham, “, Missouri Sen, Josh Hawley, ” Graham, Trump, Matt, ” Tillis, Hawley, there’ll, ” Hawley, Alabama Sen, Tommy Tuberville, we’ll, Indiana Sen, Mike Braun, he’s, Gaetz, Michael Guest, ” Gaetz Organizations: Capitol, Committee, GOP, Gaetz, North, Alabama Locations: Washington , DC, South Dakota, ” Texas, Carolina, North Carolina, Missouri

Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has said that he believes women should not serve in combat and that he wants to see the military purged of “woke” officials who support diversity, equity and inclusion initiatives. Neither Fox News nor Trump’s transition team immediately responded to requests for comment about Hegseth’s on-air remarks about the military. Hegseth was an Army National Guard infantry officer, serving tours in Afghanistan and Iraq and at Guantánamo Bay, Cuba. “I’m straight up just saying that we should not have women in combat roles,” Hegseth said on the podcast. “Who?” Sen. Bill Cassidy, R-La., said on Capitol Hill when he was asked Tuesday evening about Trump’s picking Hegseth.

Persons: Pete Hegseth, Donald Trump’s, “, ”, Trump’s, Hegseth, Trump, Pete, Shawn Ryan, CQ Brown, ” Hegseth, hasn’t, Qassam, Edward Gallagher, “ They’re, Gallagher, Richard Spencer, Daniel Penny, Penny, Jeffrey Prosperie, ” Prosperie, Matt Gaetz, Sen, Marco Rubio, Democrat Tulsi Gabbard, I’m, he’s, Gretchen Carlson, Hegseth’s, Brian Kilmeade, ” Sen, Bill Cassidy, “ I’m, Mike Rounds Organizations: Fox News, Trump, “ Fox & Friends, Fox, Army National Guard, Defense Department, Joint Chiefs of Staff, Air Force, Pentagon, U.S, Navy SEAL, Marine, Associated Press, Democrat, Weekend Fox, Defense, Friends, Hegseth’s Fox News, Senate, Capitol Locations: America, Afghanistan, Iraq, Guantánamo Bay, Cuba, U.S, Iran, New York City, Marco Rubio of Florida

WASHINGTON — A triumphant President-elect Donald Trump huddled with House Republicans before their leadership elections Wednesday and threw his support behind Speaker Mike Johnson, a key ally, as the GOP prepares for unified control of government next year. Trump, the 45th and future 47th president, got multiple standing ovations from rank-and-file Republicans at the meeting. After the event with Republicans, Trump headed to the White House for a meeting with President Joe Biden. House Appropriations Committee Chairman Tom Cole, R-Okla., said Trump's meeting with Republicans was less about specific policy proposals and more of a "rah-rah address." Even before Trump's endorsement, Republicans were expected to nominate Johnson to continue as speaker in the 119th Congress.

Persons: WASHINGTON —, Donald Trump, Mike Johnson, Johnson, Trump, Elon Musk, Vivek Ramaswamy, Kamala Harris, Joe Biden, Tom Cole, Troy Nehls, Nehls, Andy Harris, “, Kevin McCarthy, McCarthy, Scott DesJarlais, — Harris, Dusty Johnson, —, Harris, We've, Steve Scalise, Tom Emmer, Sen, John Thune of, Mitch McConnell of, Elise Stefanik, Lisa McClain, Kat Cammack, Rand Paul, Rick Scott, Richard Hudson of, Blake Moore of, Kevin Hern, Gary Palmer of, Palmer, Hern, Erin Houchin, Mark Alford of, Mariannette Miller, Meeks, sidestep, Trump's, Johnson Organizations: Republicans, GOP, Hyatt, Capitol, Trump, NBC, Tech, “ Department, Government, White, Rep, House Republicans, HFC, Caucus, Freedom Caucus, Main Street, Stefanik, Republican, United Nations, National Republican Congressional Committee, Oklahoma, Committee, Reps, Mar, Republican Party, Congress Locations: Washington, Mar, Florida, Texas, America, John Thune of South Dakota, Mitch McConnell of Kentucky, New York, U.S, Lisa McClain of Michigan, Sens, Ky, Richard Hudson of North Carolina, Blake Moore of Utah, Gary Palmer of Alabama, Indiana, Mark Alford of Missouri, Iowa

☆ Wounded Russian troops had their medical payouts cut back in one swift move from the Kremlin
▼ + stars: | 2024-11-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The Kremlin introduced new restrictions on Wednesday to medical payouts for Russia's wounded troops, swiftly enacting a decree that allows only those with severe injuries to receive a promised $30,000. Related VideoBut Russian leader Vladimir Putin's new instruction on Wednesday reduces that payout to $10,000 for less severe injuries and $1,000 for other cases. Russia still holds to a law signed by Putin in March 2022 that entitles those who die in the war to about 7.4 million rubles, or $75,000, as well as 5 million rubles, or $50,000, to their families. AdvertisementThose wounded and deemed "unfit for duty" are also entitled to another 2.96 million rubles on top of their injury payout. The UK estimated that as many as 1,500 Russian soldiers were killed or wounded on average for every day of October.

Persons: Vladimir Putin's, Mikhail Mishustin, Putin, Anna Tsivileva Organizations: Kremlin, Business Locations: Russia, Ukraine, Russian, Ukraine's

☆ Russia's new Iranian missiles could make the front lines in Ukraine far more dangerous
▼ + stars: | 2024-11-14 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +5 min

With Iranian ballistic missiles, Russia has a flexibility that could be a big problem for Ukraine. AdvertisementThe delivery of cheaper Iranian missiles creates new options. New missilesTwo European defense officials told Reuters in August that they expected Iran to deliver hundreds of Fath-360 short-range ballistic missiles to Russia, as well as some Ababil close-range ballistic missiles. He said that "while these Iranian missiles may not introduce a new capability to Russia's war effort, they will offer increased flexibility and, most importantly, additional quantity." Hinz also wrote in his analysis that Russia's missile purchase highlights its "continued inability to produce adequate quantities of comparable domestic systems."

Persons: Timothy Wright, Fath, Pat Ryder, Wright, Fabian Hofffman, Ryder, Hoffman, Fabian Hinz, Hinz, Vladimir Putin, Kim Jong Un, VLADIMIR SMIRNOV, Iran's, Donald Trump Organizations: Iranian, International Institute for Strategic Studies, Reuters, Pentagon, Pentagon Press, Air Force, Oslo Nuclear, North, Getty, Trump Locations: Iran, Russia, Ukraine, Fath, Oslo, Iranian, Russian, North Korea, Iran's Fath

CNN —President-elect Donald Trump and Elon Musk have big ambitions for making the federal government leaner and more efficient by reviewing its budget and operations from top to bottom. Details about how the new Department of Government Efficiency, or DOGE, will operate – and how Musk and his co-leader Vivek Ramaswamy will avoid conflicts of interest – remain scarce. Musk also took aim at the Department of Education, a frequent target of Trump and Republicans, criticizing the agency for allegedly indoctrinating kids with left-wing propaganda and other failings. Slashing that much from the federal budget – which totaled roughly $6.8 trillion in fiscal 2024 – would require cutting every program by roughly one-third, said Bobby Kogan, senior director of federal budget policy at the left-leaning Center for American Progress. “Trump’s ‘Department of Government Efficiency’ will not be an actual department.

Persons: Donald Trump, Elon Musk, Vivek Ramaswamy, Trump, ” Musk, Ramaswamy, Musk, ”, “, ” Ramaswamy, Stephen Moore, Elon, Vivek, Moore, Larry Summers, Clinton, Glenn Hubbard, George W, Bush, Bobby Kogan, ” Kogan, Brian Riedl, Riedl, GOP Sen, Rob Portman, Sharon Parrott, Ronald Reagan, Reagan, William Hoagland, Peter G, Peterson, –, Jon Greenbaum, ’ that’s, Harry Sandick Organizations: CNN, Elon, Department of Government, Trump, Republican, White House, SpaceX, Department of Education, of Defense, Veterans Affairs and Homeland Security, Education Department, Labor Department, FBI, Nuclear Regulatory Commission, Heritage Foundation, US, of Economic, American, Security, Social Security, Manhattan Institute, GOP, ‘ Department, Government, White, White House & Congress, Congressional Republicans, Children’s Health Insurance, Affordable, Budget, Republicans, Grace, Center, Elon Musk, Federal Advisory Committee, Democratic Locations: Rob Portman of Ohio

☆ Biden set to meet with world leaders who have already moved on to Trump
▼ + stars: | 2024-11-14 | by ( Kevin Liptak | Kayla Tausche | ) edition.cnn.com time to read: +7 min

In one, Biden arrived as the confident statesman burnishing a legacy and preparing to hand off to his vice president. In the other, he was faced with anxious world leaders and fresh questions about whether, as he’d spent four years claiming, “America was back.”He wanted the first. Denied a victory lap on the world stage, Biden will instead use his time in Peru and Brazil this week for reflection and looking ahead. No longer viewed on the world stage as the American president who defeated Donald Trump — and his “America First” ideology — for good, Biden will find himself amid leaders who are already moving on. As Biden was preparing to depart following his meeting with Trump, his top national security aide said his message to the world wouldn’t change, despite Trump’s election.

Persons: Joe Biden’s, Biden, burnishing, he’d, ”, Donald Trump —, Trump, “, Xi Jinping, trilateral, isn’t, he’s, Jake Sullivan, it’s, Biden’s, “ We’re, Emmanuel Macron, –, Barack Obama, Xi, Obama, ” Xi, Ben Rhodes Organizations: Peru CNN —, Trump, US, APEC, White, World Bank, CNN Locations: Lima, Peru, South America, America, Brazil, Palm Beach, Rio de Janeiro, DC, China, Japan, South Korea, Trump, Europe, Pacific, United States

☆ Scientists discover the world’s largest coral — so big it can be seen from space
▼ + stars: | 2024-11-14 | by ( Laura Paddison | ) edition.cnn.com time to read: +6 min

The world’s largest coral has just been discovered in the southwest Pacific Ocean, scientists announced Wednesday. It’s three times larger than the previous record-breaker in American Samoa, according to Pristine Seas, and longer than a blue whale, the planet’s biggest animal. Steve Spence/National Geographic Pristine SeasA diver swims alongside the mega coral, which is made up of nearly 1 billion polyps. “Making a discovery of this significance is the ultimate dream,” said Paul Rose, a National Geographic Pristine Seas expedition leader. Yet while the mega coral remains vulnerable, he believes its health and longevity do provide a glimmer of hope.

Persons: CNN CNN —, “, ”, Enric Sala, Manu San Félix, It’s “, Steve Spence, Féliz, it’s, Paul Rose, Dennis Marita, Sala, Derek Manzello, Manzello, Emily Darling, Darling, ” Sala Organizations: CNN CNN, National Geographic, Geographic, Ministry of Culture, Tourism, National Oceanic, Atmospheric Administration, International Union for Conservation, Reef, CNN, Wildlife Conservation Society, COP29, UN Locations: Ocean, Solomon Islands, American Samoa, Solomon, Indonesia, Philippines, Baku, Azerbaijan

☆ New Zealand MPs disrupt parliament with haka to protest Indigenous treaty bill
▼ + stars: | 2024-11-14 | by ( ) edition.cnn.com time to read: +2 min

REUTERS —New Zealand’s parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori. Rulings by the courts and a separate Maori tribunal have progressively expanded Maori rights and privileges over the decades. Parliament was briefly suspended as people in the gallery joined in, and shouting drowned out others in the chamber. ACT New Zealand leader David Seymour said people who oppose the bill want to “stir up” fear and division. New Zealand's parliament was briefly suspended on Thursday after Maori members staged a haka to disrupt the vote on a contentious bill that would reinterpret a 184-year-old treaty between the British and Indigenous Maori.

Persons: Te, David Seymour Organizations: REUTERS, British Crown, ACT New Zealand, New Zealand’s rugby, Parliament, New, Coalition, National Party Locations: Waitangi, New Zealand, New, Wellington

☆ Marine Le Pen court case: French far-right leader’s next bid for presidency threatened as prosecutors seek political ban
▼ + stars: | 2024-11-14 | by ( Kathy Rose Obrien | Pierre Bairin | ) edition.cnn.com time to read: +4 min

CNN —French prosecutors have asked for prison time and a five-year ban from politics for far-right leader Marine Le Pen, potentially derailing her bid to become president in 2027. The prosecution also asked that the RN should be fined €2 million ($2.1 million) and Le Pen herself €300,000 ($316,000). Le Pen outside the courtroom on November 13, 2024. “Fighting Madame Le Pen is done at the ballot box, not elsewhere,” Darmanin added. The General Assembly, the French Parliament, holds a question time session on November 12.

Persons: CNN —, Marine Le, Le Pen, Pen, Geoffroy van der, …, ” Patrick Maisonneuve, “, Let’s, ” Maisonneuve, Matteo Salvini, ’, Gerald Darmanin, ” Darmanin, France’s, Andrea Savorani Neri, NurPhoto, François Hollande, Nicolas Sarkozy, Emmanuel Macron, Macron, Le Pen’s Organizations: CNN, €, Getty, National, General Assembly, Front Locations: France, Paris, Geoffroy van der Hasselt, AFP, French

☆ Why Musk supports Trump getting rid of EV tax credits
▼ + stars: | 2024-11-14 | by ( Graham Rapier | ) www.businessinsider.com time to read: +6 min

Tesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases. AdvertisementElon Musk supports a Trump plan to end tax credits of up to $7,500 for electric vehicle purchases. On Thursday, Reuters reported that Trump plans to end the EV tax credit, with support from Tesla representatives. In October, the Alliance for Automotive Innovation, an industry group representing Ford, GM, Honda, Toyota, and others, urged Congress to keep the tax credits. While Musk supports cutting the EV tax credit, reports of its potential demise appear to have spooked investors.

Persons: Tesla, Elon Musk, EVs, —, Elon, Musk, Trump, Kelley, Dan Ives, Joe Biden's, It's, Vaibhav Taneja, Benjamin Zhang Organizations: Service, US, Reuters, Ford, Tesla, Republican, BMW, Honda, Hyundai, Alliance for Automotive Innovation, GM, Toyota, Politico Locations: Detroit, Mexico

☆ Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1
▼ + stars: | 2024-11-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Jose Munoz, chief performance officer of Nissan Motor Co., speaks during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, Jan. 15, 2018. DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1. Munoz, a native of Spain and a U.S. citizen, will be the first non-Korean CEO of Hyundai. Munoz currently serves as global chief operating officer of Hyundai as well as president and CEO of the North American operations of Hyundai and its luxury Genesis brand. He joined Hyundai in 2019 from Nissan Motor after 15 years with the Japanese automaker.

Persons: Jose Munoz, Munoz, Jaehoon Chang, Jose, Chang Organizations: Nissan Motor Co, Auto, DETROIT, Hyundai, South Korean, North, Hyundai – Automotive, Nissan Motor Locations: Detroit , Michigan, Spain, U.S, Korean

☆ Trump's transition team aims to kill Biden EV tax credit: Reuters
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty Images News | Getty ImagesPresident-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. Representatives with the Trump transition and Tesla did not immediately respond to requests for comment. The alliance last month in an Oct. 15 letter urged Congress to retain the EV tax credits, calling them "critical to cementing the U.S. as a global leader in the future of automotive technology and manufacturing." Trump's energy transition team views the consumer EV credit as an easy target, believing that eliminating it would get broad consensus in a Republican-controlled Congress as part of a larger tax-reform bill.

Persons: Joe Biden, Biden, Win Mcnamee, Donald Trump's, Tesla, Elon Musk, Joe Biden's, oilman Harold Hamm, Doug Burgum, Mary Barra, Ngan, Trump, Donald Trump, Allison Robbert Organizations: White, Washington , D.C, Getty, Reuters, Trump, EV, Motors, Continental Resources, North Dakota, General Motors, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance, Automotive Innovation, Tesla, Republican, Republicans, Hyatt Locations: Washington ,, Detroit , Michigan, Florida, Washington , DC

☆ The US-China tech race is moving from chips to the raw materials they're made of
▼ + stars: | 2024-11-14 | by ( Huileng Tan | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +8 min

In the race against the US for global tech supremacy, China has the upper hand in at least one critical area: rare earths. AdvertisementFor more than a year, Beijing has slowly been tightening its grip on critical minerals and rare earths. Now, there are fears that China could tighten the global rare earths supply chain even more. China's rare earth dominanceChina has long dominated the rare earths market due to supply, low labor costs, and lax environmental standards. In 2022, the US Department of Defense awarded $45 million to MP Materials for rare earth oxide processing, and in 2023, it awarded over $288 million to Lynas USA to set up commercial-scale rare earth oxide production facilities.

Persons: Deng Xiaoping, —, Rick Waters, Donald Trump's, Louise Loo, Zongyuan Zoe Liu, Chris Tang, Nick Vyas, USC Marshall's Randall R, Vyas, he's Organizations: European Union, World Trade Organization, US Department of Defense, Materials, US, White, Nvidia, Taiwan Semiconductor Manufacturing, Oxford Economics, Greater China, Council, Foreign Relations, Soviet, Bloomberg, AMD, USC, Kendrick, Supply Chain Institute, Bureau of Industry, Security Locations: China, US, Beijing, Japan, USA, Eurasia, Washington, Taiwan, Greater, Soviet Union, North Korea, North Vietnam

☆ Gaetz faces rocky road to confirmation as pressure builds for release of House ethics probe
▼ + stars: | 2024-11-14 | by ( Manu Raju | Lauren Fox | ) edition.cnn.com time to read: +8 min

Sen. John Cornyn, a member of the Senate Judiciary Committee, said he “absolutely” wants to see the House Ethics Committee’s findings on Gaetz. “I think there should not be any limitations on the Senate Judiciary Committee’s investigation, including whatever the House Ethics Committee has generated,” he said. Trump has pushed to keep all options on the table to greenlight his nominees, including recess appointments, which would bypass the typical Senate confirmation process. However, Sen. Rick Scott told CNN, “I believe in recess appointments.” Scott had supported recess appointments during his bid for GOP leader, which he lost to Thune. The Supreme Court has ruled on questions about recess appointments, which makes the outcome of taking these questions to court uncertain.

Persons: Donald Trump’s, Matt Gaetz, Sen, John Cornyn, “, ”, Gaetz, John Thune, James Lankford, ” Cornyn, Cornyn, Rick Scott, ” Scott, Scott, Trump’s, Dick Durbin, Richard Blumenthal, Chris Coons, Durbin, Donald Trump, ” Blumenthal, “ Matt Gaetz, ” Coons, he’s, Thune, Leah Millis, Reuters Sen, Chuck Grassley, “ We’ve, ” Grassley, Lindsey Graham, Thom Tillis, Tillis, Graham, ” Sen, Josh Hawley, ” Graham, Matt, ” Tillis, Samuel Corum, it’s, ’, Thune couldn’t, CNN’s Danya Gainor, Sarah Ferris, Annie Grayer, Ted Barrett, Morgan Rimmer, Emma Newman Organizations: CNN, Top, Republicans, GOP, Trump, Florida Republican, Democratic, Democrats, Republican U.S, U.S, 119th, Capitol, Reuters, Democrat, Senate Locations: Florida, Washington , U.S, Sens, Washington , DC

☆ Proud Boys are seeking pardons directly from Trump, bypassing the DOJ and, potentially, Matt Gaetz
▼ + stars: | 2024-11-14 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

The first Proud Boys leaders to seek Capitol riot pardons are instead asking Trump directly. Meanwhile, the Proud Boys want out now, and presidents have the Constitutional power to grant immediate pardons, Biggs attorney Norm Pattis said in a 10-page letter sent to Trump on Wednesday. Two years ago, Biggs and his Proud Boys codefendants had struck a different tone regarding Trump, arguing at trial that he incited the Capitol riot and that the Proud Boys were only following his orders. Advertisement"Mr. President, you are no stranger to prosecutions warped by partisan vendetta," the Biggs pardon letter says. Former Proud Boys chairman Enrique Tarrio will also "explore every possible avenue" toward early release, his lawyer, Nayib Hassan, said in a press statement last week.

Persons: Trump, —, Donald Trump, Joseph Biggs, Matt Gaetz, Tarrio, Gaetz, pic.twitter.com, gGPeTLtWmv, Biggs, Norm Pattis, Pattis, codefendants, Enrique Tarrio, Nayib Hassan, Zachary Rehl, Dominic Pezzola, Prosecutors, Pezzola, Mike Pence Organizations: Boys, Service, Department of Justice, Justice Department, Proud, Manhattan, Trump, Justice, DOJ, Capitol, Proud Boys, Tarrio, Rehl, Capitol Police Locations: Trump, Florida, Afghanistan, Iraq, Washington ,, Philadelphia, Rochester , New York

CNN —When Elisa Smithers was deployed to Iraq in 2005, there was a ban on women serving in ground combat operations. But she returned home to find she wasn’t offered the same support by the US Department of Veterans Affairs that male combat veterans were offered, Smithers said. Women account for roughly 17.5% of the Defense Department’s active-duty force, according to 2022 data from the agency. Hegseth has specifically criticized having women in roles where strength “is the differentiator,” he said on the podcast last week. She also worries any course reversal on women serving in combat will have a sweeping impact on women serving in other government jobs.

Persons: Elisa Smithers, Smithers, wasn’t, Donald Trump, Pete Hegseth, –, he’s, ”, Hegseth, “, hasn’t, ” Hegseth, Shawn Ryan, ” Smithers, we’ll, Elizabeth Beggs, Let’s, ” Beggs, Beggs, who’ve, Lory Manning, “ I’m, …, ” Manning, it’s, Manning, we’ve, Brandy Cottrill, Cox, “ It’s, ‘ That’s, Sen, Tammy Duckworth, Anna Moneymaker, Illinois Sen, Duckworth, MAGA, Wendy Coop, Wendy Coop Wendy Coop, ” Coop, Coop, don’t, that’s, she’s Organizations: CNN, National Guard, US Department of Veterans Affairs, Fox News, Army, Defense, Warriors, US Army, Army National Guard, Department of Veterans Affairs, Navy, Army Rangers, Army Special Forces, Marine, “ Seals, Rangers, Green Berets, Service, Action, American Civil Liberties Union, “, National Center for Veterans Analysis, Combat, Veterans Families, US Coast Guard, US Army Special Operations Command, US National Guard, Capitol, US Navy, US Naval Academy Locations: Iraq, Afghanistan, Kuwait, Washington , DC, Illinois, St, Augustine , Florida

☆ Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates
▼ + stars: | 2024-11-14 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Powell noted that the unemployment rate has been rising but has flattened out in recent months and remains low by historical standards. Specifically, he said the labor market is holding up well despite disappointing job growth in October largely that he attributed to storm damage in the Southeast and labor strikes. "The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in remarks for a speech to business leaders in Dallas. Powell added that the calculus of getting the move to neutral rate will be tricky. The Fed also has been allowing proceeds from its bond holdings to roll off its mammoth balance sheet each month.

Persons: Powell, Nonfarm, Jerome Powell Organizations: Traders, Federal, Committee Locations: Dallas

☆ Smart ring leader Oura plans international push as CEO touts new features and thinking on hardware
▼ + stars: | 2024-11-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

The Oura Ring 4 Courtesy: OuraLISBON — Samsung's foray into smart rings isn't concerning the boss of the product category's pioneer, Oura — in fact, Tom Hale says he's seeing a boost in business. Oura's flagship product is the Oura Ring 4, a device known as a smart ring. Founded in Finland in 2013, the company has been called a pioneer by analysts in the smart ring space. CCS Insight forecasts Oura will end the year with a 49% market share in smart rings. New hardware and AIWhile Oura only sells rings currently, Hale sees the company developing new products in the future.

Persons: Oura, Tom Hale, Hale Organizations: CNBC, Web, CCS, Samsung, U.S . Food, Drug Administration, Apple, International Locations: LISBON, Lisbon, Finland, U.S

☆ Matt Gaetz would oversee US prisons as AG. He thinks El Salvador’s hardline lockups are a model
▼ + stars: | 2024-11-14 | by ( David Culver | Rachel Clarke | ) edition.cnn.com time to read: +4 min

CNN —As he stood inside the echoing hall of the prison, Matt Gaetz seemed impressed. It was July, and Gaetz — who will oversee the Federal Bureau of Prisons if he becomes attorney general — was visiting El Salvador’s notorious Terrorism Confinement Center (Cecot), where gang leaders and murderers are locked up and from which they are never released. “This is the solution” for El Salvador, Gaetz added, in a video released by Bukele. That trip came just a month after Gaetz, Donald Trump Jr. and others traveled to Bukele’s second inauguration. Gaetz founded a congressional El Salvador caucus with Democratic Rep. Vicente Gonzalez of Texas in July in a rare moment of bipartisanship.

Persons: Matt Gaetz, “, ”, Gaetz, Donald Trump’s, Gaetz —, —, El Salvador’s, El, Nayib Bukele, Trump, Bukele —, Bukele, Donald Trump Jr, Vicente Gonzalez Organizations: CNN, Federal Bureau of Prisons, El, Supreme, Time Magazine, Democratic Rep, Vicente Gonzalez of Texas, Representatives, State Department Locations: United States, El Salvador, Central, South America

☆ Here are Thursday's biggest analyst calls: Nvidia, Netflix, Amazon, Microsoft, Tesla, Meta, Campbell Soup and more
▼ + stars: | 2024-11-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Citi initiates Gilead Sciences as buy The firm said it is bullish on the biotech company's HIV franchise. Piper Sandler upgrades Campbell Soup to overweight from neutral Piper Sandler said it sees an attractive entry point for the stock. UBS initiates Cogent as buy The firm said it sees meaningful revenue acceleration for the internet services company. Jefferies reiterates Tesla as hold The firm raised its price target on the stock to $300 per share from $195. Morgan Stanley reiterates Meta as overweight The firm said Meta is a major artificial intelligence beneficiary. "

Persons: Piper Sandler, Campbell, Oppenheimer, Jefferies, Tesla, Morgan Stanley, Papa, KeyBanc, Papa John's, BXP, Wells, Wells Fargo, BURL, Meta, Needham, Eli Lilly's Organizations: Citi, Gilead Sciences, HIV, SOVO, UBS, Nvidia, Bank of America, Neutral Bank of America, ISI, Papa Johns International, Company, JPMorgan, Medicines, 3Q, Netflix, Barclays, Airlines, FDA, Novo Nordisk, Microsoft Locations: Europe, Asia, Africa, America, Manhattan, Burlington

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