Biden’s News-Conference Debut Puts Border, Guns, Covid in Focus - Bloomberg
Joe Biden will host his first formal news conference at the White House on Thursday, a high-stakes test for a president facing questions about two recent mass shootings, a surge in migrant children at the U.S. southern border and the ongoing pandemic.
Facebook and Amazon Unleash Spending, Vault Atop U.S. Lobbying - Bloomberg
Facebook Inc. and Amazon.com Inc. became the largest corporate lobbying spenders in Washington the last two years, outstripping defense contractors and telecommunications providers, according to a new report from a progressive consumer advocacy group.
Texas Watchdog Says Power Grid Operator Made $16 Billion Error - Bloomberg
A firm hired to monitor Texas’ power markets says the region’s grid manager overpriced electricity for almost two days during last month’s energy crisis, resulting in $16 billion in overcharges.
Microsoft Says Vaccine Tools Have ‘Fallen Short’ After DC Snags - Bloomberg
Widely-used Microsoft Corp. vaccine scheduling software that has run into difficulties in states like Iowa and New Jersey is being blamed for problems that left some residents of the nation’s capital unable to book appointments.
Trump Impeachment Trial to Be Held Amid Signs of Capital Riot - Bloomberg
Former President Donald Trump’s Senate trial will be enveloped by a thick security cordon of razor-wire-topped fencing, National Guard troops and armed police officers protecting lawmakers -- a stark reminder of the violent assault on the Capitol that touched off his unprecedented second impeachment.
Robinhood Clamps Down Trading in GameStop (GME), AMC and Surging Reddit Stocks - Bloomberg
Robinhood Markets, the wildly popular app that has lured millions of amateur traders and, in the process, inadvertently unleashed havoc in the stock market, has abruptly changed tack and sided with the Wall Street elite over the mania in GameStop Corp.
Should You Buy Hyped Reddit Stocks GameStop (GME), AMC, Express (EXPR) BBBY, BB? - Bloomberg
Vintage stocks are hot. But you’ll probably be better off in the long run if you keep your cool.
Biden's Record-Breaking Donations; Campaign Backed by $145 Million 'Dark Money' - Bloomberg
President Joe Biden benefited from a record-breaking amount of donations from anonymous donors to outside groups backing him, meaning the public will never have a full accounting of who helped him win the White House.
Trump Campaign Paid Organizers of Pre-Riot Rally $2.7 Million - Bloomberg
Former President Donald Trump’s campaign paid more than $2.7 million to individuals and firms that organized the Jan. 6 rally that led to violent rioters storming the U.S. Capitol, according to the Center for Responsive Politics.
Biden to Order Masks, Traveler Quarantines in Covid Fight - Bloomberg
President Joe Biden will push for additional travel safety during the coronavirus pandemic by requiring people to wear masks in airports and on planes while enforcing quarantines for people who arrive in the U.S. from other countries.
In Locked-Down D.C., Calls for Statehood Re-Emerge - Bloomberg
The Capitol attack and locked-down inauguration both illustrate how powerless the residents of Washington, D.C., are, statehood advocates say.
Biden Team Snubs Outgoing Pentagon Chief in Transition Spat
President-elect Joe Biden’s team denied Acting Defense Secretary Christopher Miller’s request for transition space at the Pentagon after he leaves office on Wednesday, a courtesy normally extended at the Defense Department.
Trump Struggles to Find Lawyers as Impeachment Trial Nears
President Donald Trump, on the eve of facing a historic second impeachment trial for inciting the insurrection at the U.S. Capitol last week, is having trouble finding a legal team to defend him.
Supreme Court Halts Mail Delivery of Abortion-Inducing Pills - Bloomberg
A divided U.S. Supreme Court reinstated a requirement that women visit a medical facility to obtain abortion-inducing pills, granting a Trump administration request to end the mail deliveries a judge had allowed during the coronavirus pandemic.
Washington Tense as DHS Chief Quits, FBI Warns of Armed Protests - Bloomberg
The abrupt resignation of Acting Homeland Security Secretary Chad Wolf added to the mounting tension in Washington ahead of President-elect Joe Biden’s inauguration next week, with thousands of National Guard troops set to be deployed and the FBI warning of armed protests in all 50 state capitals.
Trump and Pence Signal President Won’t Resign or Be Removed - Bloomberg
Vice President Mike Pence signaled he’ll spurn demands to immediately oust Donald Trump over a deadly riot by the president’s supporters as the two met and agreed to work together for the remainder of the term, according to a senior administration official.
Marriott Suspends Donations to Senators Who Opposed Vote Result
Hotel chain among first companies to sever ties after riots, Other corporate donors said to be reviewing donation policies
Trump Associate Sidney Powell Sued by Dominion Voting Over Election-Fraud Claims - Bloomberg
Former Trump campaign lawyer Sidney Powell was sued for defamation by the voting-machine company she repeatedly placed at the center of a vast and unfounded election conspiracy that she claimed switched votes to favor President-elect Joe Biden.
Betsy DeVos Resigns, Citing Trump’s ‘Rhetoric’ in Capitol Riot
U.S. Education Secretary Betsy DeVos submitted her resignation on Thursday, becoming the second member of President Donald Trump’s cabinet to quit over the riot by his supporters at the U.S. Capitol.
Trump Prepares Pardon List for Aides and Family, and Maybe Himself - Bloomberg
President Donald Trump has prepared a sweeping list of individuals he’s hoping to pardon in the final days of his administration that includes senior White House officials, family members, prominent rappers -- and possibly himself, according to people familiar with the matter.
Pelosi Joins Schumer’s Call for Trump Ouster - Bloomberg
House Speaker Nancy Pelosi joined Senate Democratic leader Chuck Schumer in calling for the removal of President Donald Trump in the wake of what many lawmakers from both sides of the aisle said was his incitement of the mob that stormed the Capitol.
The Double Standard for Policing Capitol Rioters and BLM Protesters - Bloomberg
In June, Black Lives Matter demonstrators were met with a massive show of force from police and federal officers. The Trump insurrection that stormed the Capitol didn’t receive similar treatment.
Ossoff, Warnock Surpass Georgia Recount Margins; Perdue, Loeffler Won't Concede - Bloomberg
Democrats Jon Ossoff and Raphael Warnock have surpassed the number of votes needed to avoid a recount in Georgia’s hard-fought Senate runoff elections, but the Republicans they’re replacing have yet to concede the election as absentee ballots continue to come in.
Georgia Senate Race: Voter Turnout Hits Records for Runoff Election
Georgia voters are turning out in record numbers to cast ballots in two runoff elections that will determine which party controls the Senate for the next two years. Three million Georgians have voted ahead of the election on Jan. 5, more votes than have ever been cast in a Georgia runoff race.
US Won't Meet 20 Million Doses Goal by Year End - Bloomberg
The nation won’t meet its goal of 20 million doses by year-end
Pelosi Sets Up Showdown on Trump’s $2,000 Checks After GOP Balks - Bloomberg
A surprise scuffle over pandemic relief is set to run up against a crucial federal funding deadline next week as Democrats side with President Donald Trump in his demand for $2,000 payments to most Americans and Republicans take up his criticism of government spending.
Hackers Tied to Russia Hit Nuclear Agency; Microsoft Is Exposed - Bloomberg
The U.S. nuclear weapons agency and at least three states were hacked as part of a suspected Russian cyber-attack that struck a number of federal government agencies, according to people with knowledge of the matter, indicating widening reach of one of the biggest cybersecurity breaches in recent memory.
U.S. Deaths Surpass 300,000 - Bloomberg
The first Covid-19 vaccine shots were administered by U.S. hospitals Monday, the initial step in a historic drive to immunize millions of people. Deaths in the country passed the grim milestone of 300,000.
Electoral College Members Meet Today to Officially Elect Joe Biden - Bloomberg
Electoral College members from the battleground states of Pennsylvania, Wisconsin, Georgia and Arizona cast their official votes for Democrat Joe Biden on Monday, a moment some Republican lawmakers have said should mark the end of President Donald Trump’s attempts to overturn the results.
Supreme Court Rejects Texas Bid to Overturn Trump’s Loss - Bloomberg
The U.S. Supreme Court rejected the bid by Texas and President Donald Trump to nullify the election results in four pivotal states in an abrupt order that could be the legal gravestone for his drive to overturn President-elect Joe Biden’s victory.
Oracle Moves Headquarters to Texas, Joining Valley Exodus - Bloomberg
Oracle Corp., a Silicon Valley stalwart, has moved its headquarters to Texas, becoming the latest technology company to leave its home state in the face of California’s higher taxes, steeper cost of living and a broader shift to remote work.
DoorDash Pop Stokes Renewed Debate on IPO Pricing to Perfection - Bloomberg
DoorDash Inc.’s stratospheric rise out of the IPO gate on Wednesday raises the age-old question: Did the company and its advisers leave money on the table?
Facebook (FB) Hit With U.S. Antitrust Suit, Accused of Abusing Monopoly Power - Bloomberg
Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says were part of a campaign to illegally crush competition.
Mnuchin says He’s ‘Likely’ to Back Changes to Fannie and Freddie - Bloomberg
Treasury Secretary Steven Mnuchin said he would likely back changing a key agreement that outlines his agency’s support of Fannie Mae and Freddie Mac -- though he stopped short of providing any specifics.
Biden to Name Retired General Austin First Black Defense Chief - Bloomberg
President-elect Joe Biden plans to nominate retired Army General Lloyd Austin as defense secretary, according to two people familiar with the decision, making him the first African American to lead the Pentagon.
Trump, McConnell Expected to Back Relief Bill, Senator Says - Bloomberg
President Donald Trump and Senate Majority Leader Mitch McConnell will come “on board” with a $908 billion package to provide pandemic relief, according to a member of a bipartisan group that’s seeking legislation before the end of the year.
Biden Clinches Electoral College Win as California Certifies - Bloomberg
Secretary of State Alex Padilla approved the results, according to his office, which Democratic Governor Gavin Newsom will use to prepare the Certificate of Ascertainment appointing the state’s 55 electors for Biden.
Fauci Says Pfizer Vaccine’s Trial Success May Boost Acceptance - Bloomberg
The success of Pfizer Inc.’s Covid-19 vaccine trial may help persuade more people to get inoculated amid a surge in new coronavirus cases, according to Anthony Fauci, the top U.S. infectious-disease doctor.
Alphabet’s Google Is Planning a New Campus Near Seattle
Alphabet Inc.’s Google is building a new campus near Seattle, increasing its presence in a region that is home to Amazon.com Inc. and Microsoft Corp.
Janet Yellen Under Consideration by Biden Team for Treasury Secretary - Bloomberg
Former Federal Reserve Chair Janet Yellen is under consideration to be President-elect Joe Biden’s Treasury secretary, according to people familiar with the matter, joining other possible contenders.
Covid Roars Back in U.S. Cities After Months as a Rural Problem - Bloomberg
Starting in late August, Covid-19 was essentially a rural problem. Now, after months of relative respite, it’s back in America’s cities, where dense populations spread the virus at alarming speeds.
Republicans Escalate Effort to Challenge Biden Election Victory - Bloomberg
Republicans escalated their efforts to challenge Joe Biden’s victory in the 2020 election, refusing to acknowledge Donald Trump’s defeat, as the president-elect moved more forcefully to make the transition to the White House.