November 15, 20240 Comments

Health stocks hit after Trump taps RFK Jr for top regulator post

Shares in vaccine makers and healthcare firms around the world slid sharply on Friday, as investors warned that Donald Trump’s choice of Robert F Kennedy Jr as US Health Secretary could pose new challenges to the sector. Kennedy is known as a vaccine sceptic and, if confirmed in the post, has vowed to use it to crack down on “Big Pharma”. The news prompted a sell-off across the industry. In

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November 15, 20240 Comments

Malpractice if Trump undoes climate-geared Biden projects: Granholm

U.S. Secretary of Energy Jennifer Granholm speaks to the media on day five at the UNFCCC COP29 Climate Conference on November 15, 2024 in Baku, Azerbaijan.  Sean Gallup | Getty Images News | Getty Images A potential decision by Donald Trump to walk back the Biden administration’s climate-geared projects would impact jobs in areas governed by the President-elect’s own party, outgoing U.S. Energy Secretary Jennifer Granholm told CNBC, urging consistency

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November 15, 20240 Comments

US finalizes $6.6 billion chips award for TSMC ahead of Trump return By Reuters

By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co’s U.S. unit for semiconductor production in Phoenix, Arizona. The binding contract – after a preliminary agreement announced in April – is the first major award to be completed under the $52.7 billion program created in 2022. It comes just weeks before President-elect Donald Trump, who

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November 15, 20240 Comments

Trump led the charge to ban TikTok. Now he says he’ll save it | Technology

As United States President-elect Donald Trump prepares to return to the White House, TikTok could be in line for a reprieve from the very leader who led the charge to ban the embattled video-sharing platform. Under a law signed by US President Joe Biden in April, ByteDance, the Chinese owner of the wildly popular app, was given nine months to divest its stake in the company or face a ban

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November 15, 20240 Comments

Vaccine maker stocks fall as Trump chooses RFK Jr. to lead HHS

Robert F. Kennedy Jr. in Phoenix on Aug. 23, 2024. Thomas Machowicz | Reuters Shares of vaccine makers fell Thursday as President-elect Donald Trump nominated Robert F. Kennedy Jr., a prominent vaccine skeptic, to lead the Department of Health and Human Services.  The stocks fell in the final hour of trading as reports emerged about Trump’s expected pick. Moderna‘s stock closed more than 5% lower on Thursday, shares of Novavax

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November 13, 20240 Comments

Trump picks Rep. Matt Gaetz as attorney general

 Rep. Matt Gaetz, R-Fla., is seen outside the U.S. Capitol after the last votes before the August recess on Thursday, July 25, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images President-elect Donald Trump on Wednesday said he will nominate Republican Rep. Matt Gaetz of Florida to serve as U.S. attorney general. Trump wrote on Truth Social that Gaetz “has distinguished himself in Congress through his focus on achieving

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