November 20, 20240 Comments

Trump to interview Warsh, Rowan for Treasury job on Wednesday, Bloomberg News reports By Reuters

(Reuters) – U.S. President-elect Donald Trump is scheduled to interview former Federal Reserve Governor Kevin Warsh and Apollo Global Management (NYSE:) CEO Marc Rowan on Wednesday for the post of Treasury Secretary, Bloomberg News reported on Tuesday, citing people familiar with the matter. The Financial Times separately reported on Tuesday that Rowan has emerged as a top contender for the Treasury job, citing several people familiar with the matter. The

Read More
November 20, 20240 Comments

Trump picks Dr. Oz to lead massive Medicare and Medicaid agency CMS

Dr. Mehmet Oz, a former celebrity TV host and Republican U.S. Senate candidate in Pennsylvania, poses for a portrait outside a polling location during the primary election in Rockledge, Pennsylvania, May 17, 2022. Hannah Beier | Reuters President-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz — celebrity TV host and former U.S. Senate candidate — as Centers for Medicare & Medicaid Services administrator. CMS operates or

Read More
November 19, 20240 Comments

Trump picks pro-tariff billionaire Howard Lutnick for US commerce secretary | Donald Trump News

US president-elect nominates Lutnick, a Wall Street investment firm CEO, to lead his ‘tariff and trade agenda’. United States President-elect Donald Trump has nominated Howard Lutnick, a billionaire and head of the investment firm Cantor Fitzgerald, as the next US secretary of commerce. In a statement on Tuesday, Trump hailed Lutnick – who has served as co-chair of the Republican’s transition team – as “a dynamic force on Wall Street

Read More
November 19, 20240 Comments

Trump to name Howard Lutnick to lead Commerce Department

Reuters Donald Trump is expected to name investor Howard Lutnick, the co-chair of his transition team, to lead the US commerce department, according to CBS News, the BBC’s US partner. If confirmed, Lutnick would oversee a department that helps boost domestic manufacturing and US companies. It is often a key player in areas where business and national security interests collide, such as restricting technology exports to China or enacting tariffs

Read More
November 19, 20240 Comments

Senator says Trump cannot ignore law requiring ByteDance to divest TikTok by next year By Reuters

WASHINGTON (Reuters) – The chair of a U.S. Senate Judiciary subcommittee said on Tuesday that President-elect Donald Trump cannot ignore a law requiring Chinese-based TikTok to divest the short video app used by 170 million Americans by early next year. Senator Richard Blumenthal, a Democrat who is holding a hearing on Chinese hacking incidents, noted that Congress passed a law in April requiring divestiture of the app by Jan. 19,

Read More
November 19, 20240 Comments

Why Trump and Xi Jinping’s ‘special relationship’ soured

BBC Donald Trump once declared that he and Chinese President Xi Jinping “love each other” In a sports park next to the red walls and glossy blue tiles which surround Beijing’s Temple of Heaven, a group of pensioners are working out. “I’m 74 and I hope this helps me live a long time,” one man says after he finishes his pull-ups, just as a cold wind blows leaves from cypress

Read More
November 19, 20240 Comments

Attorney details allegations against Trump attorney general-pick Matt Gaetz

Attorney details allegations against Trump attorney general-pick Matt Gaetz – CBS News Watch CBS News A lawyer for two women who have accused Matt Gaetz of sexual misconduct is laying out the details of his clients’ allegations, saying they told a House committee they were paid to have sex with Gaetz. Gaetz has denied all wrongdoing and called the committee’s investigation a “smear.” CBS News political reporter Olivia Rinaldi has

Read More
November 19, 20240 Comments

RFK Jr. is Trump pick for HHS secretary. Here’s what he could do

Independent presidential candidate Robert F. Kennedy Jr. makes an announcement on the future of his campaign in Phoenix, Arizona, U.S. August 23, 2024.  Thomas Machowicz | Reuters President-elect Donald Trump has tapped Robert F. Kennedy Jr. to lead the Department of Health and Human Services – a selection that is raising fears in the public health community and leaving the biotech and pharmaceutical industries bracing for disruptions to drug development.

Read More
November 19, 20240 Comments

Walmart says new Trump tariffs could raise prices

A Walmart store in Martinez, California, US, on Monday, Nov. 18, 2024. Walmart Inc. is scheduled to release earnings figures on November 19.  David Paul Morris | Bloomberg | Getty Images Walmart‘s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on

Read More