Trump efficiency guru Ramaswamy could benefit from crusade against FDA
Vivek Ramaswamy owns about $670 million in shares of Roivant Sciences, which is pursuing studies for three drugs that could land before the FDA during Donald Trump’s second term.
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Trump, GOP eye new limits on Consumer Financial Protection Bureau
Aides on Trump’s transition team have started considering candidates to lead the CFPB who are expected to ease its oversight of banks, lenders and tech giants.
FTC is preparing to investigate Microsoft’s cloud business
The Federal Trade Commission is preparing to send a demand for documents and other records to Microsoft as it investigates alleged alleged anticompetitive practices, according to a person familiar with the investigation.
Caitlin Clark commands all attention, even in LPGA Tour pro-am
Clark played 18 holes Wednesday in what was by all accounts the most watched pro-am round in LPGA Tour history.
FTC antitrust case against Meta can move to trial, court rules
The Federal Trade Commission lawsuit accusing Facebook owner Meta of holding an illegal monopoly over social media.
Right before the election, inflation rose to 2.6 percent annual rate
The bulk of October’s monthly increase was driven by a rise in shelter costs, which were up 0.4 percent last month and grew by 4.9 percent annually.
Trump taps Musk, Ramaswamy to oversee ‘drastic’ changes to U.S. government
The Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy, will provide recommendations to slash regulations, cut staff and overhaul federal operations.
Trump expected to try to halt TikTok ban, allies say
The video-sharing app faces a January deadline to find a new owner not based in China or lose access to U.S. users, under a law passed in April with bipartisan support.
Minority-owned firms face ‘crisis’ as affirmative action programs fall
Minority- and women-owned businesses are bracing for the end of affirmative action in federal contracting—and the potential loss of contracts worth at least $70 billion a year.
Study: Your standing desk isn’t making you any healthier
A large new study of more than 83,000 adults found that standing for more than two hours a day—as many people with standing desks do—didn’t protect against the cardiovascular risks of too much sitting.
UPDATE: Fed trims interest rates by quarter-point
The rate cut signals that Fed officials are paying more attention to warnings in the economy, including the slowing job market.
Dow sees biggest single-day gain in two years as Wall Street applauds election results
Trump’s victory and the possibility of a Republican sweep of government buoyed investor hopes that his reelection could usher in an era of loosened government regulation and lower taxes, analysts said.
Election analysis: Telling stats behind Trump’s dominant victory
There is no escaping the fact that former President Donald Trump just experienced a remarkable victory. To put it in context, here are some striking statistics—and what they tell us.
Until Trump, only one president returned to power after losing reelection
Grover Cleveland was elected to his second term in office in 1892, but only after losing to Benjamin Harrison of Indiana in 1888.
Interest rates have been cut, but mortgage rates are rising
The Fed’s move to start cutting rates has not sent mortgage costs down. Instead, the 30-year fixed-rate mortgage has ticked up for the last five weeks.
Early voting turnout high as nearly 47% of 2020 electorate cast ballots
To a striking extent, Americans are not waiting for Election Day to vote. More than 74 million people had already cast their ballots as of Saturday.
As daylight saving time ends Sunday, it’s time to fall back
The idea of daylight saving time has been around since 1784, when Benjamin Franklin proposed it as a joke.
Colts bench struggling Anthony Richardson, turn to Joe Flacco
Richardson is the second quarterback chosen in the first four picks of the 2023 NFL draft to be benched by his team this season.
AI boom could unleash global surge in electronic waste
Researchers predict the AI boom will increase the total amount of electronic trash generated globally by between 3 percent and 12 percent by 2030.
Fast food chains remove onions from menus amid E. Coli outbreak
The removal of onions comes amid a federal investigation into the E. coli outbreak, which has sickened 49 people in 10 states, including one person who died.