Trump's $1 billion promise, an anti-woke FTC, and tariffs loom: Politics news roundup
Plus, Meta's million-dollar play, and a bid to make America the world's "crypto capital"
President-elect Donald Trump continues to celebrate his election victory and fill out his next administration.
On Thursday, he was named TIME magazine’s Person of the Year as he rang the New York Stock Exchange’s opening bill, just a day after he made a massive $1 billion promise to wealthy investors and corporations. He’s also named the next head of the Federal Trade Commission, adding another anti-Big Tech antitrust official to his roster.
That may be part of why Meta CEO Mark Zuckerberg has made some inroads with Trump, with the corporation donating some cash to his inauguration fund. Google’s (GOOGL) CEO also reportedly made the trip to Mar-a-Lago Thursday to meet with the next president.
Catch up on that news and more — including Elon Musk’s potential conflicts of interest, the impact of Trump’s big tariff threats, and the “crypto capital” — in this week’s roundup.
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President-elect Donald Trump’s tariffs threats are just that — for now. But businesses could face new costs as soon as next month if he sticks to his guns.
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President-elect Donald Trump’s latest pitch to major corporations and wealthy business leaders: Invest $1 billion in the U.S. and he’ll drastically slash any red tape slowing them down.
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President-elect Donald Trump has picked Commissioner Andrew Ferguson to take over for Lina Khan as the next chair of the Federal Trade Commission, in a blow to major technology firms.
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Meta Platforms (META) chief executive Mark Zuckerberg is willing to pay seven figures to win the favor of the incoming Trump administration. — Rocio Fabbro
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President-elect Donald Trump rang the New York Stock Exchange’s (ICE) opening bell on Thursday, a first for the longtime businessman and two-time presidential election winner.
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Robert F. Kennedy Jr., President-elect Donald Trump’s choice to lead the U.S. Department of Health and Human Services, has shed more light on his views on popular weight-loss treatments. — Bruce Gil
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The Trump Organization is bringing a new Trump Tower into the world. But not in the U.S. — this one will be in Saudi Arabia.
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President-elect Donald Trump says there aren’t any potential conflicts of interest that come with Elon Musk leading a group scrutinizing the same federal agencies that regulate his companies.
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President-elect Donald Trump plans to make America a leader in the cryptocurrency space, through investments and “sensible” regulations. — Rocio Fabbro
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Small businesses are more optimistic now than they have been at any point over the last almost four years as President-elect Donald Trump heads into office, according to a new survey.
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President-elect Donald Trump isn’t planning on firing Jerome Powell, despite his past criticism of the Federal Reserve Chairman.
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President-elect Donald Trump has again made the case that he made Obamacare “workable,” as his team continues to work toward a new healthcare plan.