Donald Trump has nominated Marty Makary, a surgeon and critic of pandemic measures, to lead the FDA, aiming to restore its scientific integrity and reduce regulatory burdens. Makary, known for his skepticism towards the pharmaceutical industry and vaccine mandates, would oversee an agency responsible for the safety of a vast array of consumer products. His confirmation would align him with Robert F. Kennedy Jr., who leads the Department of Health and Human Services, despite differing views on vaccines.
President-elect Donald Trump is reportedly considering Kevin Warsh for the position of Treasury secretary, with plans for him to eventually become Federal Reserve chair after Jerome Powell's term ends in 2026. Warsh, a former Fed governor, is among the finalists for the role, alongside Marc Rowan and Scott Bessent. However, Trump is known for changing his decisions, and no final choice has been made yet.
Democratic senators are urging a federal investigation into Elon Musk's communications with Russian officials, including President Vladimir Putin, citing national security concerns. They argue that Musk's ties to a U.S. adversary, while overseeing significant Pentagon contracts, raise questions about his reliability as a government contractor. The call for scrutiny comes amid heightened tensions between the U.S. and Russia, particularly in the context of Musk's role in the space industry and his security clearance.
Federal Reserve Chair Jerome Powell has not confirmed whether he will remain on the Fed board after his chair term ends in May 2026, stating he is focused on completing his current term. His board membership lasts until January 2028, and the last chair to continue serving on the board after their term was Marriner Eccles in 1951. Amid discussions of potential successors, concerns about the Fed's independence have been raised, particularly with the upcoming presidential transition.
President-elect Donald Trump’s victory on a protectionist platform promises significant changes to global trade, including a proposed 60% tariff on Chinese imports and up to 20% on other goods. While economists warn of potential inflation and global economic risks, Wall Street has reacted positively, leading to a stock market rally. As world leaders seek to navigate the implications of Trump's trade agenda, a live Q&A session will address the anticipated transformations in global trade and financial markets.
Donald Trump's return to the White House signals a cooling of the UK's "special relationship" with the US, as British leaders express concern over his policies and unpredictability. With Labour's opposition to Trump and a lack of chemistry with Keir Starmer, Britain faces increased isolation post-Brexit, lacking strong ties with the new administration. The potential for strained defense and economic relations looms, as Trump may prioritize deal-making over traditional alliances.
The US presidential election campaign is projected to cost $5.5 billion, with significant contributions from billionaires like Elon Musk and Timothy Mellon supporting Trump, while Kamala Harris has backing from more billionaires, including Michael Bloomberg and Bill Gates. Fundraising tactics have raised concerns, particularly regarding misleading practices that have exploited elderly donors, leading to substantial unintentional contributions. Despite Trump's billionaire support, Harris has outpaced him in fundraising, especially from small donors, highlighting a stark financial contrast between the two campaigns.
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