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kk jili 777 Santa Clara, CA and Kyoto, Japan, Nov. 26, 2024 (GLOBE NEWSWIRE) -- ROHM Semiconductor and Valeo, a leading automotive technology company, today announced they are collaborating to propose and optimize the next generation of power modules for electric motor inverters using their combined expertise in power electronics management. As a first step, ROHM will provide its 2-in-1 Silicon Carbide (SiC) molded module TRCDRIVE packTM to Valeo for future powertrain solutions. Valeo is broadening access to efficient, electrified mobility across various vehicle types and markets from the smallest one (ebikes), through the mainstream (passenger cars) to the largest one (eTrucks). By combining Valeo's expertise in mechatronics, thermal management and software development with ROHM's power modules, Valeo drives the power electronics solution forward, contributing to the performance, efficiency, and decarbonization of automotive systems worldwide. ROHM and Valeo have been collaborating since 2022, initially focusing on technical exchanges aimed at improving the performance and efficiency of the motor inverter – a key component in the propulsion systems of electric vehicles (EVs) and plug-in hybrids (PHEVs). By refining power electronics, both companies aim to offer optimized cost/performance by delivering higher energy efficiency, reducing heat generation thanks to an optimized cooling and mechatronic integration, and increasing overall reliability with a SiC packaging. "We are pleased to support Valeo, a renowned automotive supplier, with our power semiconductors. ROHM's TRCDRIVE pack provides high power density, leading to an improved power efficiency. Together, we contribute to the development of highly efficient powertrains by fostering the collaboration with Valeo," said Wolfram HARNACK, President ROHM Semiconductor GmbH. "This partnership marks, for Valeo Power Division, a significant step forward in delivering advanced and high-efficient power electronics," says Xavier DUPONT, Valeo Power Division CEO. "Together, we aim to set new industry standards for high voltage inverters and accelerate the transition towards more efficient and affordable electric mobility." These evolutions are all essential to supporting the growing demand for longer range, faster charging capabilities and, overall, a high-performance and an affordable inverter for BEVs and PHEVs. Valeo will start supplying a first series project in early 2026. ROHM and Valeo will contribute to the improvement of efficiency and downsizing of Valeo's next generation of xEV inverters. Background on ROHM's TRCDRIVE pack TRCDRIVE pack is a trademark for ROHM's SiC molded module developed for traction inverter drives. This product features high power density and a unique terminal configuration, solving the key challenges of traction inverters in terms of miniaturization, higher efficiency, and fewer person-hours. Because SiC enables low-loss power conversion under high-voltage conditions, combining Valeo's component technology, casing design and thermal management expertise with ROHM's power module creates a synergistic effect. Through both companies' collaboration in automotive power electronics, they contribute to achieving a decarbonized society by enhancing the performance and efficiency of the motor inverter. More information is available at: https://www.rohm.com/news-detail?news-title=2024-06-11_news_trcdrive-pack&defaultGroupId=false TRCDRIVE packTM is a trademark or registered trademark of ROHM Co., Ltd. About Valeo Valeo is a technology company and partner to all automakers and new mobility players worldwide. The company innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers. https://www.valeo.com/ Valeo in figures: 22 billion euros in sales in 2023 | 109 600 employees, 28 countries, 159 plants, 64 research and development centers and 19 distribution platforms (June 30, 2024). Valeo is listed on the Paris stock Exchange. About ROHM Semiconductor ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. The company's strengths in the analog and power markets allow ROHM to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices, as well as drive ICs that maximize their performance. https://www.rohm.com/ Attachment Strong Partnership © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

PITTSBURGH (AP) — Cam Heyward has been on good teams before. Ones that have captured divisions. Ones that have won playoff games, though admittedly not in a while. The longtime Pittsburgh Steelers defensive tackle, now well into his dotage in his 14th season, can't quite remember having a group like the one that he plays on now. “We have a complete team,” Heyward said. A team that began the season riddled with question marks now finds itself steamrolling toward Christmas with everything on the table. Russell Wilson threw for 158 yards and two touchdowns, Heyward recorded two sacks and the Steelers beat the Cleveland Browns 27-14 on Sunday even with leading receiver George Pickens watching from the sideline while missing the first game of his career due to a groin injury. While it took Wilson and the rest of the offense time to get going with the productive if volatile Pickens out of the mix, Wilson found his footing in the second half by connecting on touchdown passes to Pat Freiermuth and Van Jefferson as the Steelers (10-3) moved two games ahead of Baltimore for the AFC North lead with four weeks to go. Two weeks after a messy pratfall in the snow, Pittsburgh avoided being swept by the Browns for the first time since 1988 by taking advantage of the countless opportunities mistake-prone Cleveland (3-10) provided. Jameis Winston threw two interceptions, Dustin Hopkins missed two makeable field goals when the outcome was still in doubt and a series of ill-time flags added up to the Browns reaching double-digit losses for the 18th time since the franchise returned in 1999. “I don’t believe the Pittsburgh Steelers beat the Cleveland Browns,” Winston said. “I believe the Cleveland Browns beat the Cleveland Browns.” While Winston avoided the pick-6s that have dogged him throughout his career — including last week in Denver — but did little after hitting Jerry Jeudy for a 35-yard touchdown in the first quarter that gave the Browns an early lead. Winston finished 24 of 41 for 211 yards with two touchdowns and two interceptions. Nick Chubb ran for 48 yards in his return to Pittsburgh after a devastating knee injury on the same field 15 months ago forced him to miss more than a year. Yet the Steelers kept Myles Garrett relatively in check after the defensive star racked up three sacks in Cleveland's snowy upset on Nov. 21 , and Pittsburgh's defense provided the spark that brought the offense to life. The surge began when Winston's screen pass intended for Chubb landed in the hands of 6-foot-4, 309-pound Steelers defensive tackle Keeanu Benton, who lugged his first career interception 11 yards. Najee Harris bulled over from 1 yard out five plays later to give the Steelers a lead they wouldn't relinquish. “That's what good teams do this time of year,” Pittsburgh coach Mike Tomlin said. “Somebody makes a play, the other side of the ball backs it up. That's what we're trying to do.” Cleveland had chances to keep the Steelers within sight, but Hopkins saw a 38-yard field goal at breezy Acrisure Stadium late in the first half sail wide left, then had a 43-yarder drift wide right early in the third quarter. “I need to find a good swing,” said Hopkins, who has an NFL-high nine misses. “The swing has been tough to find this year.” The Steelers scored on the ensuing possession when Wilson executed a perfect run-pass option by faking the ball to Jaylen Warren, rolling right and finding Jefferson wide-open in the end zone from 10 yards out to make it 20-7. Pittsburgh's Elandon Roberts stuffed Jerome Ford for a 5-yard loss on fourth down to end Cleveland's next possession, and Wilson connected with Freiermuth down the seam. The tight end stumbled into the newly painted yellow end zone to send the Browns back to Cleveland with a loss, just like they have during every regular season visit since 2004. It also sets the stage for a daunting finishing stretch for the Steelers, who face Philadelphia, Baltimore and Kansas City over the next three weeks, with two of the games coming on short rest. While Pittsburgh has quieted much of the noise that surrounded the team after a massive offensive overhaul in the offseason — led by the acquisition of Wilson — the Steelers understand the real test is still to come. “Why not test us before the playoffs, get a feel?” Freiermuth said. “They're all playoff teams we're playing, so it'll be great.” Browns: CB Mike Ford Jr. was placed in the concussion protocol in the first quarter. Steelers: DT Larry Ogunjobi (groin) left in the first half and did not return. ... DB Donte Jackson (back) exited in the third quarter. Browns: Host Patrick Mahomes and the Kansas City Chiefs next Sunday. Steelers: Travel to cross-state rival Philadelphia next Sunday. AP NFL: https://apnews.com/hub/NFLNone

WASHINGTON — Donald Trump said he can't guarantee his promised tariffs on key U.S. foreign trade partners won't raise prices for American consumers and suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. The president-elect, in a wide-ranging interview with NBC's "Meet the Press" that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning "things do change." Here's a look at some of the issues covered: President-elect Donald Trump takes the stage before he speaks at the FOX Nation Patriot Awards, Thursday, Dec. 5, 2024, in Greenvale, N.Y. (AP Photo/Heather Khalifa) Trump hems on whether trade penalties could raise prices Trump threatened broad trade penalties, but said he didn't believe economists' predictions that added costs on those imported goods for American companies would lead to higher domestic prices for consumers. He stopped short of a pledge that U.S. an households won't be paying more as they shop. "I can't guarantee anything. I can't guarantee tomorrow," Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market. That's a different approach from Trump's typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation. In the interview, Trump defended tariffs generally, saying that tariffs are "going to make us rich." He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened tariffs on China to help force that country to crack down on fentanyl production. "All I want to do is I want to have a level, fast, but fair playing field," Trump said. Trump suggests retribution for his opponents while claiming no interest in vengeance He offered conflicting statements on how he would approach the justice system after winning election despite being convicted of 34 felonies in a New York state court and being indicted in other cases for his handling of national security secrets and efforts to overturn his 2020 loss to Democrat Joe Biden. "Honestly, they should go to jail," Trump said of members of Congress who investigated the Capitol riot by his supporters who wanted him to remain in power. The president-elect underscored his contention that he can use the justice system against others, including special prosecutor Jack Smith, who led the case on Trump's role in the siege on Jan. 6, 2021. Trump confirmed his plan to pardon supporters who were convicted for their roles in the riot, saying he would take that action on his first day in office. As for the idea of revenge driving potential prosecutions, Trump said: "I have the absolute right. I'm the chief law enforcement officer, you do know that. I'm the president. But I'm not interested in that." At the same time, Trump singled out lawmakers on a special House committee who investigated the insurrection, citing Rep. Bennie Thompson, D-Miss., and former Rep. Liz Cheney, R-Wyo. "Cheney was behind it ... so was Bennie Thompson and everybody on that committee," Trump said. Asked specifically whether he would direct his administration to pursue cases, he said, "No," and suggested he did not expect the FBI to quickly undertake investigations into his political enemies. At another point, Trump said he would leave the matter up to Pam Bondi, his pick as attorney general. "I want her to do what she wants to do," he said. Such threats, regardless of Trump's inconsistencies, have been taken seriously enough by many top Democrats that Biden is considering issuing blanket, preemptive pardons to protect key members of his outgoing administration. Trump did seemingly back off his campaign rhetoric calling for Biden to be investigated, saying, "I'm not looking to go back into the past." Immigration advocates hold a rally in Sacramento, Calif. on Monday, Dec. 2, 2024, to protest President-Elect Donald Trump's plans to conduct mass deportation of immigrants without legal status. (AP Photo/Haven Daley) Swift action on immigration is coming Trump repeatedly mentioned his promises to seal the U.S.-Mexico border and deport millions of people who are in the U.S. illegally through a mass deportation program. "I think you have to do it," he said. He suggested he would try to use executive action to end "birthright" citizenship under which people born in the U.S. are considered citizens — though such protections are spelled out in the Constitution. Asked specifically about the future for people who were brought into the country illegally as children and were shielded from deportation in recent years, Trump said, "I want to work something out," indicating he might seek a solution with Congress. But Trump also said he does not "want to be breaking up families" of mixed legal status, "so the only way you don't break up the family is you keep them together and you have to send them all back." President-elect Donald Trump shakes hands with Ukraine's President Volodymyr Zelenskyy in Notre Dame Cathedral as France's iconic cathedral is formally reopening its doors for the first time since a devastating fire nearly destroyed the 861-year-old landmark in 2019, Saturday Dec.7, 2024 in Paris ( Ludovic Marin, Pool via AP) Trump commits to NATO, with conditions, and waffles on Putin and Ukraine Long a critic of NATO members for not spending more on their own defense, Trump said he "absolutely" would remain in the alliance "if they pay their bills." Pressed on whether he would withdraw if he were dissatisfied with allies' commitments, Trump said he wants the U.S. treated "fairly" on trade and defense. He waffled on a NATO priority of containing Russia and President Vladimir Putin. Trump suggested Ukraine should prepare for less U.S. aid in its defense against Putin's invasion. "Possibly. Yeah, probably. Sure," Trump said of reducing Ukraine assistance from Washington. Separately, Trump called for an immediate cease-fire. Asked about Putin, Trump said initially that he has not talked to the Russian leader since Election Day last month, but then hedged. "I haven't spoken to him recently," Trump said when pressed, adding that he did not want to "impede the negotiation." Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Thursday, Nov. 7, 2024. (AP Photo/Mark Schiefelbein) Trump says Powell is safe at the Fed, but not Wray at the FBI The president-elect said he has no intention, at least for now, of asking Federal Reserve Chairman Jerome Powell to step down before Powell's term ends in 2028. Trump said during the campaign that presidents should have more say in Fed policy, including interest rates. Trump did not offer any job assurances for FBI Director Christopher Wray, whose term is to end in 2027. Asked about Wray, Trump said: "Well, I mean, it would sort of seem pretty obvious" that if the Senate confirms Kash Patel as Trump's pick for FBI chief, then "he's going to be taking somebody's place, right? Somebody is the man that you're talking about." Trump is absolute about Social Security, not so much on abortion and health insurance Trump promised that the government efficiency effort led by Elon Musk and Vivek Ramaswamy will not threaten Social Security. "We're not touching Social Security, other than we make it more efficient," he said. He added that "we're not raising ages or any of that stuff." He was not so specific about abortion or his long-promised overhaul of the Affordable Care Act. On abortion, Trump continued his inconsistencies and said he would "probably" not move to restrict access to the abortion pills that now account for a majority of pregnancy terminations, according to the Guttmacher Institute, which supports abortion rights. But pressed on whether he would commit to that position, Trump replied, "Well, I commit. I mean, are — things do — things change. I think they change." Reprising a line from his Sept. 10 debate against Vice President Kamala Harris, Trump again said he had "concepts" of a plan to substitute for the 2010 Affordable Care Act, which he called "lousy health care." He added a promise that any Trump version would maintain insurance protections for Americans with preexisting health conditions. He did not explain how such a design would be different from the status quo or how he could deliver on his desire for "better health care for less money." Among President-elect Donald Trump's picks are Susie Wiles for chief of staff, Florida Sen. Marco Rubio for secretary of state, former Democratic House member Tulsi Gabbard for director of national intelligence and Florida Rep. Matt Gaetz for attorney general. Susie Wiles, 67, was a senior adviser to Trump's 2024 presidential campaign and its de facto manager. Trump named Florida Sen. Marco Rubio to be secretary of state, making a former sharp critic his choice to be the new administration's top diplomat. Rubio, 53, is a noted hawk on China, Cuba and Iran, and was a finalist to be Trump's running mate on the Republican ticket last summer. Rubio is the vice chairman of the Senate Intelligence Committee and a member of the Senate Foreign Relations Committee. “He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries,” Trump said of Rubio in a statement. The announcement punctuates the hard pivot Rubio has made with Trump, whom the senator called a “con man" during his unsuccessful campaign for the 2016 GOP presidential nomination. Their relationship improved dramatically while Trump was in the White House. And as Trump campaigned for the presidency a third time, Rubio cheered his proposals. For instance, Rubio, who more than a decade ago helped craft immigration legislation that included a path to citizenship for people in the U.S. illegally, now supports Trump's plan to use the U.S. military for mass deportations. Pete Hegseth, 44, is a co-host of Fox News Channel’s “Fox & Friends Weekend” and has been a contributor with the network since 2014, where he developed a friendship with Trump, who made regular appearances on the show. Hegseth lacks senior military or national security experience. If confirmed by the Senate, he would inherit the top job during a series of global crises — ranging from Russia’s war in Ukraine and the ongoing attacks in the Middle East by Iranian proxies to the push for a cease-fire between Israel, Hamas and Hezbollah and escalating worries about the growing alliance between Russia and North Korea. Hegseth is also the author of “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free,” published earlier this year. Trump tapped Pam Bondi, 59, to be attorney general after U.S. Rep. Matt Gaetz withdrew his name from consideration. She was Florida's first female attorney general, serving between 2011 and 2019. She also was on Trump’s legal team during his first impeachment trial in 2020. Considered a loyalist, she served as part of a Trump-allied outside group that helped lay the groundwork for his future administration called the America First Policy Institute. Bondi was among a group of Republicans who showed up to support Trump at his hush money criminal trial in New York that ended in May with a conviction on 34 felony counts. A fierce defender of Trump, she also frequently appears on Fox News and has been a critic of the criminal cases against him. Trump picked South Dakota Gov. Kristi Noem, a well-known conservative who faced sharp criticism for telling a story in her memoir about shooting a rambunctious dog, to lead an agency crucial to the president-elect’s hardline immigration agenda. Noem used her two terms leading a tiny state to vault to a prominent position in Republican politics. South Dakota is usually a political afterthought. But during the COVID-19 pandemic, Noem did not order restrictions that other states had issued and instead declared her state “open for business.” Trump held a fireworks rally at Mount Rushmore in July 2020 in one of the first large gatherings of the pandemic. She takes over a department with a sprawling mission. In addition to key immigration agencies, the Department of Homeland Security oversees natural disaster response, the U.S. Secret Service, and Transportation Security Administration agents who work at airports. The governor of North Dakota, who was once little-known outside his state, Burgum is a former Republican presidential primary contender who endorsed Trump, and spent months traveling to drum up support for him, after dropping out of the race. Burgum was a serious contender to be Trump’s vice presidential choice this summer. The two-term governor was seen as a possible pick because of his executive experience and business savvy. Burgum also has close ties to deep-pocketed energy industry CEOs. Trump made the announcement about Burgum joining his incoming administration while addressing a gala at his Mar-a-Lago club, and said a formal statement would be coming the following day. In comments to reporters before Trump took the stage, Burgum said that, in recent years, the power grid is deteriorating in many parts of the country, which he said could raise national security concerns but also drive up prices enough to increase inflation. “There's just a sense of urgency, and a sense of understanding in the Trump administration,” Burgum said. Robert F. Kennedy Jr. ran for president as a Democrat, than as an independent, and then endorsed Trump . He's the son of Democratic icon Robert Kennedy, who was assassinated during his own presidential campaign. The nomination of Kennedy to lead the Department of Health and Human Services alarmed people who are concerned about his record of spreading unfounded fears about vaccines . For example, he has long advanced the debunked idea that vaccines cause autism. Scott Bessent, 62, is a former George Soros money manager and an advocate for deficit reduction. He's the founder of hedge fund Key Square Capital Management, after having worked on-and-off for Soros Fund Management since 1991. If confirmed by the Senate, he would be the nation’s first openly gay treasury secretary. He told Bloomberg in August that he decided to join Trump’s campaign in part to attack the mounting U.S. national debt. That would include slashing government programs and other spending. “This election cycle is the last chance for the U.S. to grow our way out of this mountain of debt without becoming a sort of European-style socialist democracy,” he said then. Oregon Republican U.S. Rep. Lori Chavez-DeRemer narrowly lost her reelection bid this month, but received strong backing from union members in her district. As a potential labor secretary, she would oversee the Labor Department’s workforce, its budget and put forth priorities that impact workers’ wages, health and safety, ability to unionize, and employer’s rights to fire employers, among other responsibilities. Chavez-DeRemer is one of few House Republicans to endorse the “Protecting the Right to Organize” or PRO Act would allow more workers to conduct organizing campaigns and would add penalties for companies that violate workers’ rights. The act would also weaken “right-to-work” laws that allow employees in more than half the states to avoid participating in or paying dues to unions that represent workers at their places of employment. Scott Turner is a former NFL player and White House aide. He ran the White House Opportunity and Revitalization Council during Trump’s first term in office. Trump, in a statement, credited Turner, the highest-ranking Black person he’s yet selected for his administration, with “helping to lead an Unprecedented Effort that Transformed our Country’s most distressed communities.” Sean Duffy is a former House member from Wisconsin who was one of Trump's most visible defenders on cable news. Duffy served in the House for nearly nine years, sitting on the Financial Services Committee and chairing the subcommittee on insurance and housing. He left Congress in 2019 for a TV career and has been the host of “The Bottom Line” on Fox Business. Before entering politics, Duffy was a reality TV star on MTV, where he met his wife, “Fox and Friends Weekend” co-host Rachel Campos-Duffy. They have nine children. A campaign donor and CEO of Denver-based Liberty Energy, Write is a vocal advocate of oil and gas development, including fracking — a key pillar of Trump’s quest to achieve U.S. “energy dominance” in the global market. Wright also has been one of the industry’s loudest voices against efforts to fight climate change. He said the climate movement around the world is “collapsing under its own weight.” The Energy Department is responsible for advancing energy, environmental and nuclear security of the United States. Wright also won support from influential conservatives, including oil and gas tycoon Harold Hamm. Hamm, executive chairman of Oklahoma-based Continental Resources, a major shale oil company, is a longtime Trump supporter and adviser who played a key role on energy issues in Trump’s first term. President-elect Donald Trump tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump promised to dismantle. McMahon led the Small Business Administration during Trump’s initial term from 2017 to 2019 and twice ran unsuccessfully as a Republican for the U.S. Senate in Connecticut. She’s seen as a relative unknown in education circles, though she expressed support for charter schools and school choice. She served on the Connecticut Board of Education for a year starting in 2009 and has spent years on the board of trustees for Sacred Heart University in Connecticut. Brooke Rollins, who graduated from Texas A&M University with a degree in agricultural development, is a longtime Trump associate who served as White House domestic policy chief during his first presidency. The 52-year-old is president and CEO of the America First Policy Institute, a group helping to lay the groundwork for a second Trump administration. She previously served as an aide to former Texas Gov. Rick Perry and ran a think tank, the Texas Public Policy Foundation. Trump chose Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and a cryptocurrency enthusiast, as his nominee for commerce secretary, a position in which he'd have a key role in carrying out Trump's plans to raise and enforce tariffs. Trump made the announcement Tuesday on his social media platform, Truth Social. Lutnick is a co-chair of Trump’s transition team, along with Linda McMahon, the former wrestling executive who previously led Trump’s Small Business Administration. Both are tasked with putting forward candidates for key roles in the next administration. The nomination would put Lutnick in charge of a sprawling Cabinet agency that is involved in funding new computer chip factories, imposing trade restrictions, releasing economic data and monitoring the weather. It is also a position in which connections to CEOs and the wider business community are crucial. Doug Collins is a former Republican congressman from Georgia who gained recognition for defending Trump during his first impeachment trial, which centered on U.S. assistance for Ukraine. Trump was impeached for urging Ukraine to investigate Joe Biden in 2019 during the Democratic presidential nomination, but he was acquitted by the Senate. Collins has also served in the armed forces himself and is currently a chaplain in the United States Air Force Reserve Command. "We must take care of our brave men and women in uniform, and Doug will be a great advocate for our Active Duty Servicemembers, Veterans, and Military Families to ensure they have the support they need," Trump said in a statement about nominating Collins to lead the Department of Veterans Affairs. Karoline Leavitt, 27, was Trump's campaign press secretary and currently a spokesperson for his transition. She would be the youngest White House press secretary in history. The White House press secretary typically serves as the public face of the administration and historically has held daily briefings for the press corps. Leavitt, a New Hampshire native, was a spokesperson for MAGA Inc., a super PAC supporting Trump, before joining his 2024 campaign. In 2022, she ran for Congress in New Hampshire, winning a 10-way Republican primary before losing to Democratic Rep. Chris Pappas. Leavitt worked in the White House press office during Trump's first term before she became communications director for New York Republican Rep. Elise Stefanik, Trump's choice for U.S. ambassador to the United Nations. Former Hawaii Rep. Tulsi Gabbard has been tapped by Trump to be director of national intelligence, keeping with the trend to stock his Cabinet with loyal personalities rather than veteran professionals in their requisite fields. Gabbard, 43, was a Democratic House member who unsuccessfully sought the party's 2020 presidential nomination before leaving the party in 2022. She endorsed Trump in August and campaigned often with him this fall. “I know Tulsi will bring the fearless spirit that has defined her illustrious career to our Intelligence Community,” Trump said in a statement. Gabbard, who has served in the Army National Guard for more than two decades, deploying to Iraq and Kuwait, would come to the role as somewhat of an outsider compared to her predecessor. The current director, Avril Haines, was confirmed by the Senate in 2021 following several years in a number of top national security and intelligence positions. Trump has picked John Ratcliffe, a former Texas congressman who served as director of national intelligence during his first administration, to be director of the Central Intelligence Agency in his next. Ratcliffe was director of national intelligence during the final year and a half of Trump's first term, leading the U.S. government's spy agencies during the coronavirus pandemic. “I look forward to John being the first person ever to serve in both of our Nation's highest Intelligence positions,” Trump said in a statement, calling him a “fearless fighter for the Constitutional Rights of all Americans” who would ensure “the Highest Levels of National Security, and PEACE THROUGH STRENGTH.” Kash Patel spent several years as a Justice Department prosecutor before catching the Trump administration’s attention as a staffer on Capitol Hill who helped investigate the Russia probe. Patel called for dramatically reducing the agency’s footprint, a perspective that sets him apart from earlier directors who sought additional resources for the bureau. Though the Justice Department in 2021 halted the practice of secretly seizing reporters’ phone records during leak investigations, Patel said he intends to aggressively hunt down government officials who leak information to reporters. Trump has chosen former New York Rep. Lee Zeldin to serve as his pick to lead the Environmental Protection Agency . Zeldin does not appear to have any experience in environmental issues, but is a longtime supporter of the former president. The 44-year-old former U.S. House member from New York wrote on X , “We will restore US energy dominance, revitalize our auto industry to bring back American jobs, and make the US the global leader of AI.” “We will do so while protecting access to clean air and water,” he added. During his campaign, Trump often attacked the Biden administration's promotion of electric vehicles, and incorrectly referring to a tax credit for EV purchases as a government mandate. Trump also often told his audiences during the campaign his administration would “Drill, baby, drill,” referring to his support for expanded petroleum exploration. In a statement, Trump said Zeldin “will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards, including the cleanest air and water on the planet.” Trump has named Brendan Carr, the senior Republican on the Federal Communications Commission, as the new chairman of the agency tasked with regulating broadcasting, telecommunications and broadband. Carr is a longtime member of the commission and served previously as the FCC’s general counsel. He has been unanimously confirmed by the Senate three times and was nominated by both Trump and President Joe Biden to the commission. Carr made past appearances on “Fox News Channel," including when he decried Democratic Vice President Kamala Harris' pre-Election Day appearance on “Saturday Night Live.” He wrote an op-ed last month defending a satellite company owned by Trump supporter Elon Musk. Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social. The commission oversees U.S. securities markets and investments and is currently led by Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry. Gensler, who was nominated by President Joe Biden, announced last month that he would be stepping down from his post on the day that Trump is inaugurated — Jan. 20, 2025. Atkins began his career as a lawyer and has a long history working in the financial markets sector, both in government and private practice. In the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. Jared Isaacman, 41, is a tech billionaire who bought a series of spaceflights from Elon Musk’s SpaceX and conducted the first private spacewalk . He is the founder and CEO of a card-processing company and has collaborated closely with Musk ever since buying his first chartered SpaceX flight. He took contest winners on that 2021 trip and followed it in September with a mission where he briefly popped out the hatch to test SpaceX’s new spacewalking suits. Rep. Elise Stefanik is a representative from New York and one of Trump's staunchest defenders going back to his first impeachment. Elected to the House in 2014, Stefanik was selected by her GOP House colleagues as House Republican Conference chair in 2021, when former Wyoming Rep. Liz Cheney was removed from the post after publicly criticizing Trump for falsely claiming he won the 2020 election. Stefanik, 40, has served in that role ever since as the third-ranking member of House leadership. Stefanik’s questioning of university presidents over antisemitism on their campuses helped lead to two of those presidents resigning, further raising her national profile. If confirmed, she would represent American interests at the U.N. as Trump vows to end the war waged by Russia against Ukraine begun in 2022. He has also called for peace as Israel continues its offensive against Hamas in Gaza and its invasion of Lebanon to target Hezbollah. President-elect Donald Trump says he's chosen former acting Attorney General Matt Whitaker to serve as U.S. ambassador to NATO. Trump has expressed skepticism about the Western military alliance for years. Trump said in a statement Wednesday that Whitaker is “a strong warrior and loyal Patriot” who “will ensure the United States’ interests are advanced and defended” and “strengthen relationships with our NATO Allies, and stand firm in the face of threats to Peace and Stability.” The choice of Whitaker as the nation’s representative to the North Atlantic Treaty Organization is an unusual one, given his background is as a lawyer and not in foreign policy. President-elect Donald Trump tapped former Sen. David Perdue of Georgia to be ambassador to China, saying in a social media post that the former CEO “brings valuable expertise to help build our relationship with China.” Perdue lost his Senate seat to Democrat Jon Ossoff four years ago and ran unsuccessfully in a primary against Republican Georgia Gov. Brian Kemp. Perdue pushed Trump's debunked lies about electoral fraud during his failed bid for governor. A Republican congressman from Michigan who served from 1993 to 2011, Hoekstra was ambassador to the Netherlands during Trump's first term. “In my Second Term, Pete will help me once again put AMERICA FIRST,” Trump said in a statement announcing his choice. “He did an outstanding job as United States Ambassador to the Netherlands during our first four years, and I am confident that he will continue to represent our Country well in this new role.” Trump will nominate former Arkansas Gov. Mike Huckabee to be ambassador to Israel. Huckabee is a staunch defender of Israel and his intended nomination comes as Trump has promised to align U.S. foreign policy more closely with Israel's interests as it wages wars against the Iran-backed Hamas and Hezbollah. “He loves Israel, and likewise the people of Israel love him,” Trump said in a statement. “Mike will work tirelessly to bring about peace in the Middle East.” Huckabee, who ran unsuccessfully for the Republican presidential nomination in 2008 and 2016, has been a popular figure among evangelical Christian conservatives, many of whom support Israel due to Old Testament writings that Jews are God’s chosen people and that Israel is their rightful homeland. Trump has been praised by some in this important Republican voting bloc for moving the U.S. embassy in Israel from Tel Aviv to Jerusalem. Trump on Tuesday named real estate investor Steven Witkoff to be special envoy to the Middle East. The 67-year-old Witkoff is the president-elect's golf partner and was golfing with him at Trump's club in West Palm Beach, Florida, on Sept. 15, when the former president was the target of a second attempted assassination. Witkoff “is a Highly Respected Leader in Business and Philanthropy,” Trump said of Witkoff in a statement. “Steve will be an unrelenting Voice for PEACE, and make us all proud." Trump also named Witkoff co-chair, with former Georgia Sen. Kelly Loeffler, of his inaugural committee. Trump said Wednesday that he will nominate Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Kellogg, a retired Army lieutenant general who has long been Trump’s top adviser on defense issues, served as National Security Advisor to Trump's former Vice President Mike Pence. For the America First Policy Institute, one of several groups formed after Trump left office to help lay the groundwork for the next Republican administration, Kellogg in April wrote that “bringing the Russia-Ukraine war to a close will require strong, America First leadership to deliver a peace deal and immediately end the hostilities between the two warring parties.” (AP Photo/Mariam Zuhaib) Trump asked Rep. Michael Waltz, R-Fla., a retired Army National Guard officer and war veteran, to be his national security adviser, Trump announced in a statement Tuesday. The move puts Waltz in the middle of national security crises, ranging from efforts to provide weapons to Ukraine and worries about the growing alliance between Russia and North Korea to the persistent attacks in the Middle East by Iran proxies and the push for a cease-fire between Israel and Hamas and Hezbollah. “Mike has been a strong champion of my America First Foreign Policy agenda,” Trump's statement said, "and will be a tremendous champion of our pursuit of Peace through Strength!” Waltz is a three-term GOP congressman from east-central Florida. He served multiple tours in Afghanistan and also worked in the Pentagon as a policy adviser when Donald Rumsfeld and Robert Gates were defense chiefs. He is considered hawkish on China, and called for a U.S. boycott of the 2022 Winter Olympics in Beijing due to its involvement in the origin of COVID-19 and its mistreatment of the minority Muslim Uighur population. Stephen Miller, an immigration hardliner , was a vocal spokesperson during the presidential campaign for Trump's priority of mass deportations. The 39-year-old was a senior adviser during Trump's first administration. Miller has been a central figure in some of Trump's policy decisions, notably his move to separate thousands of immigrant families. Trump argued throughout the campaign that the nation's economic, national security and social priorities could be met by deporting people who are in the United States illegally. Since Trump left office in 2021, Miller has served as the president of America First Legal, an organization made up of former Trump advisers aimed at challenging the Biden administration, media companies, universities and others over issues such as free speech and national security. Thomas Homan, 62, has been tasked with Trump’s top priority of carrying out the largest deportation operation in the nation’s history. Homan, who served under Trump in his first administration leading U.S. Immigration and Customs Enforcement, was widely expected to be offered a position related to the border, an issue Trump made central to his campaign. Though Homan has insisted such a massive undertaking would be humane, he has long been a loyal supporter of Trump's policy proposals, suggesting at a July conference in Washington that he would be willing to "run the biggest deportation operation this country’s ever seen.” Democrats have criticized Homan for his defending Trump's “zero tolerance” policy on border crossings during his first administration, which led to the separation of thousands of parents and children seeking asylum at the border. Former Rep. Billy Long represented Missouri in the U.S. House from 2011 to 2023. Since leaving Congress, Trump said, Long “has worked as a Business and Tax advisor, helping Small Businesses navigate the complexities of complying with the IRS Rules and Regulations.” Former Georgia Sen. Kelly Loeffler was appointed in January 2020 by Georgia Gov. Brian Kemp and then lost a runoff election a year later. She started a conservative voter registration organization and dived into GOP fundraising, becoming one of the top individual donors and bundlers to Trump’s 2024 comeback campaign. Even before nominating her for agriculture secretary, the president-elect already had tapped Loeffler as co-chair of his inaugural committee. Dr. Mehmet Oz, 64, is a former heart surgeon who hosted “The Dr. Oz Show,” a long-running daytime television talk show. He ran unsuccessfully for the U.S. Senate as the Republican nominee in 2022 and is an outspoken supporter of Trump, who endorsed Oz's bid for elected office. Elon Musk, left, and Vivek Ramaswamy speak before Republican presidential nominee former President Donald Trump at an Oct. 27 campaign rally at Madison Square Garden in New York. Trump on Tuesday said Musk and former Republican presidential candidate Ramaswamy will lead a new “Department of Government Efficiency" — which is not, despite the name, a government agency. The acronym “DOGE” is a nod to Musk's favorite cryptocurrency, dogecoin. Trump said Musk and Ramaswamy will work from outside the government to offer the White House “advice and guidance” and will partner with the Office of Management and Budget to “drive large scale structural reform, and create an entrepreneurial approach to Government never seen before.” He added the move would shock government systems. It's not clear how the organization will operate. Musk, owner of X and CEO of Tesla and SpaceX, has been a constant presence at Mar-a-Lago since Trump won the presidential election. Ramaswamy suspended his campaign in January and threw his support behind Trump. Trump said the two will “pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” Russell Vought held the position during Trump’s first presidency. After Trump’s initial term ended, Vought founded the Center for Renewing America, a think tank that describes its mission as “renew a consensus of America as a nation under God.” Vought was closely involved with Project 2025, a conservative blueprint for Trump’s second term that he tried to distance himself from during the campaign. Vought has also previously worked as the executive and budget director for the Republican Study Committee, a caucus for conservative House Republicans. He also worked at Heritage Action, the political group tied to The Heritage Foundation, a conservative think tank. Dan Scavino, deputy chief of staff Scavino, whom Trump's transition referred to in a statement as one of “Trump's longest serving and most trusted aides,” was a senior adviser to Trump's 2024 campaign, as well as his 2016 and 2020 campaigns. He will be deputy chief of staff and assistant to the president. Scavino had run Trump's social media profile in the White House during his first administration. He was also held in contempt of Congress in 2022 after a month-long refusal to comply with a subpoena from the House committee’s investigation into the Jan. 6, 2021, attack on the U.S. Capitol. James Blair, deputy chief of staff Blair was political director for Trump's 2024 campaign and for the Republican National Committee. He will be deputy chief of staff for legislative, political and public affairs and assistant to the president. Blair was key to Trump's economic messaging during his winning White House comeback campaign this year, a driving force behind the candidate's “Trump can fix it” slogan and his query to audiences this fall if they were better off than four years ago. Taylor Budowich, deputy chief of staff Budowich is a veteran Trump campaign aide who launched and directed Make America Great Again, Inc., a super PAC that supported Trump's 2024 campaign. He will be deputy chief of staff for communications and personnel and assistant to the president. Budowich also had served as a spokesman for Trump after his presidency. Jay Bhattacharya, National Institutes of Health Trump has chosen Dr. Jay Bhattacharya to lead the National Institutes of Health. Bhattacharya is a physician and professor at Stanford University School of Medicine, and is a critic of pandemic lockdowns and vaccine mandates. He promoted the idea of herd immunity during the pandemic, arguing that people at low risk should live normally while building up immunity to COVID-19 through infection. The National Institutes of Health funds medical research through competitive grants to researchers at institutions throughout the nation. NIH also conducts its own research with thousands of scientists working at its labs in Bethesda, Maryland. Dr. Marty Makary, Food and Drug Administration Makary is a Johns Hopkins surgeon and author who argued against pandemic lockdowns. He routinely appeared on Fox News during the COVID-19 pandemic and wrote opinion articles questioning masks for children. He cast doubt on vaccine mandates but supported vaccines generally. Makary also cast doubt on whether booster shots worked, which was against federal recommendations on the vaccine. Dr. Janette Nesheiwat, Surgeon General Nesheiwat is a general practitioner who serves as medical director for CityMD, a network of urgent care centers in New York and New Jersey. She has been a contributor to Fox News. Dr. Dave Weldon, U.S. Centers for Disease Control and Prevention Weldon is a former Florida congressman who recently ran for a Florida state legislative seat and lost; Trump backed Weldon’s opponent. In Congress, Weldon weighed in on one of the nation’s most heated debates of the 1990s over quality of life and a right-to-die and whether Terri Schiavo, who was in a persistent vegetative state after cardiac arrest, should have been allowed to have her feeding tube removed. He sided with the parents who did not want it removed. Jamieson Greer, U.S. trade representative Kevin Hassett, Director of the White House National Economic Council Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. He announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council. While Trump has in several cases nominated outsiders to key posts, these picks reflect a recognition that his reputation will likely hinge on restoring the public’s confidence in the economy. Trump said in a statement that Greer was instrumental in his first term in imposing tariffs on China and others and replacing the trade agreement with Canada and Mexico, “therefore making it much better for American Workers.” Hassett, 62, served in the first Trump term as chairman of the Council of Economic Advisers. He has a doctorate from the University of Pennsylvania and worked at the right-leaning American Enterprise Institute before joining the Trump White House in 2017. Customs and Border Protection, with its roughly 60,000 employees, falls under the Department of Homeland Security. It includes the Border Patrol, which Rodney Scott led during Trump's first term, and is essentially responsible for protecting the country's borders while facilitating trade and travel. Scott comes to the job firmly from the Border Patrol side of the house. He became an agent in 1992 and spent much of his career in San Diego. When he was appointed head of the border agency in January 2020, he enthusiastically embraced Trump's policies. After being forced out under the Biden administration, Scott has been a vocal supporter of Trump's hard-line immigration agenda. He appeared frequently on Fox News and testified in Congress. He's also a senior fellow at the Texas Public Policy Foundation. 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Asian Markets Cautious Amid Geopolitical Tensions: Markets WrapA five-bedroom, four-bathroom home by renowned late-twentieth century architect Michael Dysart has sold under the hammer for $3.796 million, well above its $3.2 million reserve. Subscribe now for unlimited access . Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue Design gem saved as restorers outbid a developer in heated auction The sprawling home in East Lindfield on Sydney's upper north shore was one of just 2,597 homes that went to auction in capital cities across the country last week, as auction volumes wind down ahead of Christmas. According to CoreLogic, the volume of auctions was down on the 2,881 auctions held the previous week and well below the spring peak of 3,135 auctions held over the week ending October 27. Meanwhile, the preliminary combined capitals auction clearance rate was just 62.4 per cent, the lowest preliminary result so far this year. It is the first time the home at 21 Karoo Avenue , which features Dysart's classic architectural hallmarks, an outdoor swimming pool and views over Middle Harbour and surrounds, has been sold in 40 years. Design gem saved as restorers outbid a developer in heated auction Listing agent Jessica Cao from Ray White Upper North Shore said while the auction started hesitantly, three interested buyers soon made clear their desires to call the home their own. "The bidding started at $2.5 million and was slow to start, but once it got underway, the bids started coming and it flew past the reserve," Ms Cao said. While five buyers registered to bid at the hotly contested auction, just three raised their hands "There were three active bidders, one was a developer, but once bidding hit the $3.5 million mark, they dropped out and it was just the two bidders left going up in $1,000 bids," she said. "I had a mix of different buyers express interest in the home, some were owner occupiers who loved the architecture and the design, there were also investors, and developers who were drawn to the view," she said. Design gem saved as restorers outbid a developer in heated auction "The winning bidders were owner occupiers, a young couple with children who loved the design of the house and wanted to totally restore it, which made the seller very happy," Ms Cao said. The significant architectural home was one of 923 properties that went to auction in Sydney last week, compared to 1,031 the previous week. This time last year 1,072 homes went to auction in Sydney, according to CoreLogic. Sydney's preliminary clearance rate was 58.2 per cent, the lowest of the year so far and down nearly 8 percentage points from 65.1 per cent the week prior, which revised down to 58.2 per cent once finalised. This time last year the auction clearance rate in Sydney was 57 per cent. Aberfeldie Bungalow Fetches $2.2m A five-bedroom, three-bathroom Californian Bungalow with an outdoor lap pool in Melbourne's inner northwest has sold for the second time this year. Design gem saved as restorers outbid a developer in heated auction The home at 36 Aberdeen Street in Aberfeldie attracted two bidders on Saturday, and despite being passed in for $2.110 million, it sold immediately after to the highest bidder for $2.2 million. Records show the home last sold in February this year for $2.1 million. The vendors have since added the lap pool with decking. Listing agent Nick Eres from Matthews Essendon said both bidders were owner occupiers, hoping to move into the home close to the Maribyrnong River. Design gem saved as restorers outbid a developer in heated auction "The successful bidder was returning to the area after living interstate," Mr Eres said. The stunning home was one of 1.207 properties that went to auction in Melbourne last week, well down on the 1.390 auctions held the previous week, according to CoreLogic. This time last year 1,415 homes went to auction in Melbourne. Melbourne's preliminary clearance rate was 67 per cent, up slightly from last week's preliminary clearance rate of 64.1 per cent, which revised down to 61.7 per cent once finalised. This time last year the auction clearance rate in Melbourne was 56.2 per cent. Queenslanders seeking cooler climate snare Victorian cottage In central Ballarat, a renovated three-bedroom Victorian sold under the hammer for $615,000. Design gem saved as restorers outbid a developer in heated auction Listing agent Mark Williams from Ray White Ballarat said the charming home at 403 South Street attracted seven registered bidders, proving popular with owner occupiers. "It was a beautifully presented low maintenance property. The owners freshly painted it so there was nothing left to do to it. And we're finding that buyers at the moment are looking for something to move into that they don't have to touch," he said, adding that its central location and "good price point" also appealed to buyers. '"There were no investors, everyone who showed interest was looking to move in," he said. Design gem saved as restorers outbid a developer in heated auction Bidding for the home, which features soaring ceilings, open fireplaces and intricate leadlight windows, opened at $400,000 before soaring past its listing price. "We had it listed for $485,000 to $530,000 and it was on the market at $530,000," Mr Williams said. "From that point we had two people fighting for it and it finally sold for $615,000," he said. Mr Williams said the successful bidders were an older couple, moving from interstate to be closer to family. While the underbidder was a local, currently renting nearby. "The successful bidders are moving down from the Gold Coast as they have kids in Melbourne. They were also looking for a cooler climate as they were finding it a bit warm up in Queensland," he said. Design gem saved as restorers outbid a developer in heated auction "I did tell them that 99 per cent of people do the reverse and leave Ballarat for the warmer weather on the Gold Coast," he joked. CoreLogic research director Tim Lawless said the combined capital auction clearance rate of just 62.4 per cent, a full percentage point lower than the week prior and the lowest this year reflected an increase in properties on the market. "The weak outcome for auction markets reflects weaker selling conditions as advertised stock levels rise without a commensurate lift in purchasing activity," he said. Mr Lawless said he expected auction volumes to fall further next week as Christmas fast approaches. "Next week is set to show a further reduction, with around 2,200 homes currently scheduled for auction, reducing to around 800 the week after," he said. Emily Rayner Editor - View Emily Rayner leads content strategy and editorial for View Media Group.She has over two decades of experience in media production and editorial, driving audience engagement and brand growth across multiple platforms at companies such as BBC, ITV, SCA, NOVA and Domain Group. Emily Rayner leads content strategy and editorial for View Media Group.She has over two decades of experience in media production and editorial, driving audience engagement and brand growth across multiple platforms at companies such as BBC, ITV, SCA, NOVA and Domain Group. More from Local News Sydney School-style home sells under the hammer; Melbourne home sells for second time this year 16m ago No comment s Man killed in car after object falls from caravan and flies through windshield Convicted child sex offender hired by government-funded legal service Property forecast: rental market uncertain heading into 2025 No comment s 'We were losing business': Restaurants' bid to entice customers back No comment s Bureaucratic nightmare ends with Canberra baby finally back home No comment s Newsletters & Alerts View all DAILY Your morning news Today's top stories curated by our news team. Also includes evening update. Loading... WEEKDAYS The lunch break Grab a quick bite of today's latest news from around the region and the nation. Loading... DAILY Sport The latest news, results & expert analysis. Loading... WEEKDAYS The evening wrap Catch up on the news of the day and unwind with great reading for your evening. Loading... 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TWICE WEEKLY The Informer Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. Loading... WEEKLY Motoring Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. Loading... TWICE WEEKLY Voice of Real Australia Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. Loading... AS IT HAPPENS Breaking news alert Be the first to know when news breaks. Loading... DAILY Today's Paper Alert Your digital replica of Today's Paper. Ready to read from 5am! Loading... DAILY Your favourite puzzles Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Loading...LONGMONT, Colo. , Nov. 26, 2024 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW ) today announced it has filed its 10-Q for the three months ended September 30, 2024 . S&W previously issued preliminary first quarter fiscal 2025 financial results on November 19, 2024 . The financial results filed in the 10-Q are in line with the preliminary financial results previously released. In addition to the filing of the 10-Q, the Company announced yesterday that it has finalized the voluntary plan of administration, or VA, process for its subsidiary, S&W Seed Company Australia Pty Ltd, or S&W Australia. In the announcement on November 19, 2024 , the Company also introduced new guidance for fiscal 2025, which includes adjusted EBITDA for the remaining three quarters of fiscal 2025 (period from October 1, 2024 to June 30, 2025 ) to be between approximately ($1.9) million and $0.1 million . The Company is maintaining that guidance as a result of the filing of the 10-Q and finalization of the VA process. "As a result of the VA process being completed, on a go forward basis S&W is exclusively focused on its core U.S.-based operations led by our high margin Double Team sorghum solutions as well as our biofuels joint venture with Shell," commented S&W Seed Company's CEO, Mark Herrmann . "As we announced during our preliminary earnings call on November 19, 2024 , we believe we have a robust commercial plan in place to drive continued adoption of Double Team and other high value sorghum trait solutions, including the planned launch of our Prussic Acid Free trait this fiscal year. We are similarly focused on driving efficiencies across our production and operating operations. Our guidance indicates continued strong improvement in gross margins, coupled with a reduction in operating expenses, which is paving the way for us to approach positive adjusted EBITDA performance. In fact, we are expecting the high end of our range to be at adjusted EBITDA breakeven for the rest of fiscal 2025. This would be a significant potential milestone if we can achieve our expectations." Financial Results Total revenue for the first quarter of fiscal 2025 was $8.3 million compared to total revenue for the first quarter of fiscal 2024 of $10.8 million . This decrease was driven by a $1.5 million decrease in non-dormant alfalfa sales in the Middle East and North Africa region driven by the import ban on alfalfa in Saudi Arabia , a $0.8 million decrease in sorghum sales in Mexico related to tightening of credit policies and carryover seed from the prior year in the market, a $0.5 million decrease in Double Team sorghum revenue, a $0.4 million decrease in sorghum sales to South Africa due to limited inventory supply of compatible hybrids, and a $0.3 million decrease in conventional sorghum sales due to an extended sales season in the prior year. This decrease was offset by a $0.5 million increase in non-dormant alfalfa sales in the United States , a $0.3 million increase in non-dormant alfalfa sales in Mexico , and a $0.3 million increase in dormant alfalfa sales in the United States . Gross profit margin for the first quarter of fiscal 2025 was 16.1% compared to gross profit margin for the first quarter of fiscal 2024 of 25.3%. The gross profit percentage decrease was primarily driven by an estimated 6.5 point decrease attributable to the Company's International segment, with an estimated 3.8 point decrease related to lower selling prices in the Middle East North Africa region due lower demand, and an estimated 2.7 point decrease in margin related to South Africa sorghum sales due to the available supply of reduced quality and low cost seed in the prior year. The net gross profit for the Americas segment decreased primarily due to inventory write-offs. GAAP operating expenses for the first quarter of fiscal 2025 were $5.6 million compared to GAAP operating expenses for the first quarter of fiscal 2024 of $5.7 million . This decrease was due to a $0.1 million decrease in selling, general, and administrative expenses. Adjusted operating expenses (see Table A1) for the first quarter of fiscal 2025 were $4.5 million compared to $4.8 million for the first quarter of fiscal 2024. The $0.3 million decrease in adjusted operating expenses for the first quarter of fiscal 2025 was largely attributed to a $0.2 million decrease in selling, general, and administrative expenses after excluding non-recurring transaction costs. Net loss from continuing operations for the first quarter of fiscal 2025 was ($6.2) million , or ($2.73) per basic and diluted share, compared to ($5.0) million , or ($2.22) per basic and diluted share for the first quarter of fiscal 2024. Net loss from discontinued operations for the first quarter of fiscal 2025 was ($10.0) million , or ($4.38) per basic and diluted share, compared to ($0.9) million , or ($0.41) per basic and diluted share, for the first quarter of fiscal 2024. GAAP net loss for the first quarter of fiscal 2025 was ($16.2) million , or ($7.11) per basic and diluted share, compared to ($6.0) million , or ($2.63) per basic and diluted share, for the first quarter of fiscal 2024. Adjusted net loss (see Table A2) for the first quarter of fiscal 2025 was ($4.9) million , or ($2.15) per basic and diluted share, excluding the loss from discontinued operations, interest expense - amortization of debt discount, non-recurring transaction costs, dividends accrued for participating securities and accretion, and equity in loss of equity method investee (Vision Bioenergy), net of tax. Adjusted net loss (see Table A2) for the first quarter of fiscal 2024 was ($3.8) million , or ($1.70) per basic and diluted share, excluding the loss from discontinued operations, interest expense - amortization of debt discount, non-recurring transaction costs, dividends accrued for participating securities and accretion, and equity in loss of equity method investee (Vision Bioenergy), net of tax. Adjusted EBITDA (see Table B) for the first quarter of fiscal 2025 was ($3.1) million compared to adjusted EBITDA for the first quarter of fiscal 2024 of ($1.7) million . S&W Australia As previously reported, S&W Australia adopted a voluntary plan of administration on July 24, 2024 , and on October 11, 2024 , creditors of S&W Australia approved a proposed Deed of Company Arrangement, or DOCA, pursuant to which, among other things, 100% of the shares in S&W Australia would be transferred to Avior Asset Management No. 3 Pty Ltd. The effective date of the DOCA was November 22 , 2024. In order to facilitate the satisfaction of certain conditions to the effectiveness of the DOCA, on November 22, 2024 , S&W entered into a settlement agreement in exchange for a release from the intercompany obligations owed to S&W Australia. S&W will transfer ownership of certain white clover and alfalfa (lucerne) intellectual property, provide the associated inventory, repay insurance proceeds received on behalf of S&W Australia, and provide transitional support to S&W Australia necessary to assist in the changeover of business operations to a standalone entity. S&W also entered into an agreement with National Australia Bank Limited that releases S&W from the AUD $15.0 million guarantee and obtained a release of certain applicable liens from CIBC Bank USA . Fiscal 2025 Guidance S&W expects fiscal 2025 revenue to be within a range of $34.5 to $38.0 million . This includes approximately $4.1 million of international sales in the just completed first quarter of fiscal 2025. Adjusted EBITDA is expected to be in the range of ($5.0) million to ($3.0) million for fiscal 2025. Adjusted EBITDA for the first quarter of fiscal 2025 was ($3.1) million indicating that the Company expects adjusted EBITDA for the remaining three quarters of the fiscal year to be in a range of ($1.9) to $0.1 million . Non-GAAP Financial Measures In addition to financial results reported in accordance with accounting principles generally accepted in the United States of America ("GAAP"), S&W has provided the following non-GAAP financial measures in this release and the accompanying tables: adjusted EBITDA; adjusted operating expenses; as well as adjusted net loss and adjusted net loss per share. S&W uses these non-GAAP financial measures internally to facilitate period-to-period comparisons and analysis of its operating performance and liquidity, and believes they are useful to investors as a supplement to GAAP measures in analyzing, trending and benchmarking the performance and value of its business. However, these measures are not intended to be a substitute for those reported in accordance with GAAP. These measures may be different from non-GAAP financial measures used by other companies, even when similar terms are used to identify such measures. For reconciliations of historical non-GAAP financial measures to the most comparable financial measures under GAAP, see Tables A1, A2, and B accompanying this release. In order to calculate these non-GAAP financial measures, S&W makes targeted adjustments to certain GAAP financial line items found on its condensed consolidated statement of operations, backing out non-recurring or unique items that we believe otherwise distort the underlying results and trends of the ongoing business. S&W has excluded the following items from one or more of its non-GAAP financial measures for the periods presented: Selling, general and administrative expenses; operating expenses. S&W excludes from operating expenses depreciation and amortization and a portion of SG&A expense related to non-recurring transaction costs and, for its adjusted EBITDA calculation, also non-cash stock-based compensation. S&W excludes non-recurring transaction costs from S&W's total operating expenses to provide investors a method to compare its operating results to prior periods and to peer companies, as such amounts can vary significantly based on the frequency of restructuring or acquisition events and the magnitude of restructuring or acquisition expenses. Net loss on discontinued operations : S&W excludes the net loss on discontinued operations, as this is outside of the scope of normal operations and is related to the disposal and operations of S&W Australia, which is no longer applicable. S&W believes it is important to exclude this amount in order to better understand its business performance. Foreign currency loss. The foreign currency loss represents fluctuations from changes in exchange rates that are uncertain or out of S&W's control and cannot be reasonably predicted. S&W believes it is useful to exclude this amount in order to better understand its business performance and allow investors to compare its results with peer companies. Interest expense – amortization of debt discount . Amortization of debt discount and debt issuance costs are primarily related to S&W's working capital lines of credit and term loans. These amounts are non-cash charges and are unrelated to its core performance during any particular period. S&W believes it is useful to exclude these amounts in order to better understand its business performance and allow investors to compare its results with peer companies. Interest expense, net . Interest expense, net primary consists of interest incurred on S&W's working capital credit facilities, the MFP Loan, the AgAmerica loan, and equipment capital leases. S&W believes it is useful to exclude these amounts in order to better understand its business performance and allow investors to compare its results with peer companies. Dividends accrued for participating securities and accretion . Dividends accrued for participating securities and accretion relates to dividends accrued for the Series B convertible preferred stock and the accretion for the discount related to the warrants issued in conjunction with the Series B convertible preferred stock. S&W believes it is useful to exclude these amounts in order to better understand its business performance and allow investors to compare its results with peer companies. Equity in loss of equity method investee (Vision Bioenergy), net of tax . This loss represents S&W's percentage of Vision Bioenergy's loss for the three months ended September 30, 2024 and 2023, as it has significant influence in Vision Bioenergy. S&W believes it is useful to exclude these amounts in order to better understand its business performance and allow investors to compare its results with peer companies. Descriptions of the non-GAAP financial measures included in this release and the accompanying tables are as follows: Adjusted Operating Expenses . S&W defines adjusted operating expenses as GAAP operating expenses adjusted to exclude depreciation and amortization, loss (gain) on disposal of property, plant and equipment, and non-recurring transaction costs. S&W believes that the use of adjusted operating expenses is useful to investors and other users of its financial statements in evaluating its operating performance because it provides a method to compare its operating results to prior periods and to peer companies after making adjustments for depreciation and amortization and amounts that are not expected to recur. Adjusted net loss and loss per share . S&W defines adjusted net loss as net loss attributable to S&W less interest expense – amortization of debt discount, non-recurring transaction costs, dividends accrued for participating securities and accretion, and equity in loss of equity method investee (Vision Bioenergy), net of tax. S&W believes that these non-GAAP financial measures provide useful supplemental information for evaluating its operating performance. Adjusted EBITDA. S&W defines adjusted EBITDA as net loss attributable to S&W adjusted to exclude the loss from discontinued operations, interest expense, net, interest expense – amortization of debt discount, provision for (benefit from) income taxes, depreciation and amortization, non-recurring transaction costs, non-cash stock-based compensation, foreign currency loss, equity in loss of equity method investee (Vision Bioenergy), net of tax, and dividends accrued for participating securities and accretion. S&W believes that the use of adjusted EBITDA is useful to investors and other users of its financial statements in evaluating its operating performance because it provides them with an additional tool to compare business performance across companies and across periods. S&W uses adjusted EBITDA in conjunction with traditional GAAP operating performance measures as part of its overall assessment of its performance, for planning purposes, including the preparation of its annual operating budget, to evaluate the effectiveness of its business strategies and to communicate with its Board concerning its financial performance. Management does not place undue reliance on adjusted EBITDA as its only measure of operating performance. Adjusted EBITDA should not be considered as a substitute for other measures of financial performance reported in accordance with GAAP. Financial Tables For a complete press release including financial tables, please view online at: https://swseedco.com/investors/press-releases/ . About S&W Seed Company Founded in 1980, S&W is a global multi-crop, middle-market agricultural company headquartered in Longmont, Colorado . S&W's vision is to be the world's preferred proprietary seed company which supplies a range of sorghum, forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in proprietary alfalfa and sorghum seeds with significant research and development, production and distribution capabilities. S&W also has a commercial presence in pasture and sunflower seeds, and through a partnership, is focused on sustainable biofuel feedstocks primarily within camelina. For more information, please visit www.swseedco.com . Safe Harbor Statement This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "ability," "believe," "may," "future," "plan," "intends" "should" or "expects." Forward-looking statements in this release include, but are not limited to: our success in growing and expanding our Double Team operations in the Americas and driving the continued adoption of Double Team Grain Sorghum; our expected timelines for the development and launch of our planned products and the anticipated commercial success of such products; the shift in revenue towards our higher margin products and the expected continued increase in profit margins; and the success of our cost-saving, production optimization and operational initiatives to reduce operating expenses and drive our business towards profitability. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including risks and uncertainties related to: market adoption of products designed to support the energy transition and customer demand for our partnership's products; the effects of unexpected weather and geopolitical and macroeconomic events, such as global inflation, bank failures, supply chain disruptions, uncertain market conditions, the armed conflict in Sudan , the ongoing military conflict between Russia and Ukraine and related sanctions and the conflict in the Middle East , on our business and operations as well as those of our partnership, and the extent to which they disrupt the local and global economies, as well as our business and the businesses of our partnership, our customers, distributors and suppliers; sufficiency of our partnership's cash and access to capital in order to develop its business; the sufficiency of our cash and access to capital in order to meet our liquidity needs, including our ability to pay our growers as our payment obligations come due; our need to comply with the financial covenants included in our loan agreements, refinance certain of our credit facilities and raise additional capital in the future and our ability to continue as a "going concern"; changes in market conditions, including any unexpected decline in commodity prices, may harm our results of operations and revenue outlook; our proprietary seed trait technology products, including Double Team, may not yield their anticipated benefits, including with respect to their impact on revenues and gross margins; changes in the competitive landscape and the introduction of competitive products may negatively impact our results of operations; demand for our Double Team sorghum solution may not be as strong as expected; our business strategic initiatives may not achieve the expected results; previously experienced logistical challenges in shipping and transportation of our products may become amplified, delaying our ability to recognize revenue and decreasing our gross margins; we may be unable to achieve our goals to drive growth, improve gross margins and reduce operating expenses; the inherent uncertainty and significant judgments and assumptions underlying our financial guidance; and the risks associated with our ability to successfully optimize and commercialize our business. These and other risks are identified in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K for the year ended June 30, 2024 and in other filings subsequently made by us with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise. Company Contact: Mark Herrmann , Chief Executive Officer S&W Seed Company Phone: (720) 593-3570 www.swseedco.com Investor Contact: Robert Blum Lytham Partners, LLC Phone: (602) 889-9700 [email protected] www.lythampartners.com SOURCE S&W Seed Company

Mets roasted by 'SNL' cast in hilarious Juan Soto free agency skit

Saints' Carr injures hand, has possible concussion - ESPNNew Delhi, December 8: Apple is expected to launch next-gen iPad Pro with the M5 chipset in 2025. The new model will bring upgrades and improvements. According to reports, the iPad Pro with the M5 processor will enter mass production in 2025. The upcoming device is anticipated to enhance performance with advancements in hardware and software. Apple has not shared any official information regarding the specific date when they will launch the next-gen iPad Pro. As per a Medium post by Ming-Chi Kuo, the iPad Pro equipped with the M5 processor is expected to enter mass production in the second half of 2025. The timeline matches Apple's usual pattern of releasing new iPad models approximately every 18 months. Additionally, China's BYD Electronics might be the exclusive assembler of Apple's upcoming display-equipped HomePod. Samsung Galaxy Triple-Foldable Smartphone Likely To Launch in 2026; Check Details. As per multiple reports, Apple has placed order for M5 chipset from TSMC as it starts working on the production of its next-generation processor. The M5 series is anticipated to include an improved ARM architecture to enhance performance and efficiency. Additionally, these chipsets are expected to be produced using TSMC's advanced 3-nanometer process technology. The M5 chipset is expected to replace the M4 chipset, which is currently used in the current iPad Pro models. Customers can expect enhancements in processing power and energy efficiency with the introduction of the M5 chipset in the next iPad Pro. Lava Blaze Duo Launch Soon in India; Check Expected Specifications and Features. The iPad Pro was last updated in May 2024. It introduced several new features. It now includes an M4 chipset, which boosts its performance, and has slimmer bezels that give it a more modern look. The device runs on the iPadOS 17 operating system and customers can choose storage options of up to 2TB. The base variant with an 11-inch display and Wi-Fi connectivity starts at INR 99,900. If you are looking for a larger display, the 13-inch version is available for INR 1,29,900 for the Wi-Fi variant. (The above story first appeared on LatestLY on Dec 08, 2024 07:14 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).

Santa Clara, CA and Kyoto, Japan, Nov. 26, 2024 (GLOBE NEWSWIRE) -- ROHM Semiconductor and Valeo, a leading automotive technology company, today announced they are collaborating to propose and optimize the next generation of power modules for electric motor inverters using their combined expertise in power electronics management. As a first step, ROHM will provide its 2-in-1 Silicon Carbide (SiC) molded module TRCDRIVE packTM to Valeo for future powertrain solutions. Valeo is broadening access to efficient, electrified mobility across various vehicle types and markets from the smallest one (ebikes), through the mainstream (passenger cars) to the largest one (eTrucks). By combining Valeo's expertise in mechatronics, thermal management and software development with ROHM's power modules, Valeo drives the power electronics solution forward, contributing to the performance, efficiency, and decarbonization of automotive systems worldwide. ROHM and Valeo have been collaborating since 2022, initially focusing on technical exchanges aimed at improving the performance and efficiency of the motor inverter – a key component in the propulsion systems of electric vehicles (EVs) and plug-in hybrids (PHEVs). By refining power electronics, both companies aim to offer optimized cost/performance by delivering higher energy efficiency, reducing heat generation thanks to an optimized cooling and mechatronic integration, and increasing overall reliability with a SiC packaging. "We are pleased to support Valeo, a renowned automotive supplier, with our power semiconductors. ROHM's TRCDRIVE pack provides high power density, leading to an improved power efficiency. Together, we contribute to the development of highly efficient powertrains by fostering the collaboration with Valeo," said Wolfram HARNACK, President ROHM Semiconductor GmbH. "This partnership marks, for Valeo Power Division, a significant step forward in delivering advanced and high-efficient power electronics," says Xavier DUPONT, Valeo Power Division CEO. "Together, we aim to set new industry standards for high voltage inverters and accelerate the transition towards more efficient and affordable electric mobility." These evolutions are all essential to supporting the growing demand for longer range, faster charging capabilities and, overall, a high-performance and an affordable inverter for BEVs and PHEVs. Valeo will start supplying a first series project in early 2026. ROHM and Valeo will contribute to the improvement of efficiency and downsizing of Valeo's next generation of xEV inverters. Background on ROHM's TRCDRIVE pack TRCDRIVE pack is a trademark for ROHM's SiC molded module developed for traction inverter drives. This product features high power density and a unique terminal configuration, solving the key challenges of traction inverters in terms of miniaturization, higher efficiency, and fewer person-hours. Because SiC enables low-loss power conversion under high-voltage conditions, combining Valeo's component technology, casing design and thermal management expertise with ROHM's power module creates a synergistic effect. Through both companies' collaboration in automotive power electronics, they contribute to achieving a decarbonized society by enhancing the performance and efficiency of the motor inverter. More information is available at: https://www.rohm.com/news-detail?news-title=2024-06-11_news_trcdrive-pack&defaultGroupId=false TRCDRIVE packTM is a trademark or registered trademark of ROHM Co., Ltd. About Valeo Valeo is a technology company and partner to all automakers and new mobility players worldwide. The company innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers. https://www.valeo.com/ Valeo in figures: 22 billion euros in sales in 2023 | 109 600 employees, 28 countries, 159 plants, 64 research and development centers and 19 distribution platforms (June 30, 2024). Valeo is listed on the Paris stock Exchange. About ROHM Semiconductor ROHM, a leading semiconductor and electronic component manufacturer, was established in 1958. From the automotive and industrial equipment markets to the consumer and communication sectors, ROHM supplies ICs, discretes, and electronic components featuring superior quality and reliability through a global sales and development network. The company's strengths in the analog and power markets allow ROHM to propose optimized solutions for entire systems that combine peripheral components (i.e., transistors, diodes, resistors) with the latest SiC power devices, as well as drive ICs that maximize their performance. https://www.rohm.com/ Attachment Strong Partnership © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Creditors approve proposed $32.5B deal with tobacco giants today: spokespeople

The five-part series will debut globally on December 10, following elite global players on and off the field as they compete in the US Open Polo Championship in Wellington, Florida. A trailer for the series titled Polo, executive produced by Harry and Meghan, was released on Thursday, giving a behind-the-scenes look at the “fast-paced and glamorous world of polo”. In a statement, Harry said: “This series offers audiences an unprecedented, behind-the-scenes look into the passion and determination driving some of the world’s elite polo players, revealing the grit behind the glamour. “We’re proud to showcase the true depth and spirit of the sport — and the intensity of its high-stakes moments.” It has been produced by the Sussexes’ Archewell Productions, having previously released three documentaries with Netflix as part of a multimillion-pound deal with the streaming giant. Heart Of Invictus, which aired last August, followed a group of service members on their road to the Invictus Games, the Paralympic-style sporting competition set up by Harry in 2014 for injured and sick military personnel and veterans. Netflix also released the documentary series Live To Lead and the controversial six-part Harry & Meghan documentary in December 2022. Harry and Meghan moved to the US in 2020 after stepping down from royal duties.

Rodgers: Jets 'my first option' if I play in 2025

Amid a flurry of filings in the case since Mr Trump’s election win this month, it had already become clear that the November 26 sentencing date would not hold. Judge Juan M Merchan’s order on Friday formalised that without setting a new one. He called for more filing from both sides over the next two-and-a-half weeks about how to proceed in light of Mr Trump’s impending return to the White House. Mr Trump’s lawyers want the case to be dismissed outright, and immediately. They have said that it otherwise will interfere with his presidential transition and duties. Prosecutors have indicated that they are open to putting the case on hold, perhaps as long as he is in office, but they do not want it to be scrapped altogether. Manhattan District Attorney Alvin Bragg, a Democrat, has said the solution needs to balance the obligations of the presidency with “the sanctity of the jury verdict”. Mr Bragg’s office declined to comment on Friday’s ruling. Trump spokesperson and incoming White House communications director Steven Cheung hailed it as “a decisive win” for Mr Trump. Mr Trump, a Republican, was convicted in May of falsifying his business’ records to disguise the true nature of a chain of payments that provided 130,000 dollars to porn actor Stormy Daniels. She received it, through Mr Trump’s then-lawyer, in the waning days of the 2016 presidential campaign. The payout was meant to keep her quiet about a sexual encounter she says she had with the married Mr Trump a decade earlier. He denies her claim and says he did nothing wrong. Get all the latest news from around the country Scan the QR code on your mobile device for all the latest news from around the country

NEW YORK (AP) — U.S. stock indexes drifted lower following some potentially discouraging data on the economy. The S&P 500 fell 0.5% Thursday, its third loss in the last four days. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.7% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than forecast. A separate update showed that inflation at the wholesale level was hotter last month than economists expected. Adobe sank after issuing weaker-than-expected financial forecasts. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.3%, potentially on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s carried the index toward the close of one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.4%, as of 1:45 p.m. Eastern time, and the Nasdaq composite fell 0.3% from its record set the day before. A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they tug at one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders see it as a near-certainty that the Fed will cut its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which eased rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.5% despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.6% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 2.5% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.31% from 4.27% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.18% from 4.16%. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated PressROSE BOWLIt is D-Day in the Tongan capital Nuku'alofa with parliament meeting today to deliberate on a vote of no confidence against Prime Minister Hu'akavameiliku. The collapse of France's government has thrown New Caledonia into fresh uncertainty as it tries to recover from its worst civil unrest in decades. Weaving is done right across the Pacific including Nauru where basket making has is done in its own unique style. Papua New Guinea's leaders are meeting in Sydney today for a major investment conference, with the future of mining high on the agenda. Although she didn't win the crown, outspoke climate activist Brianna Fruean's participation in this year’s Miss Samoa added a different dimension to this year's event, showing how pageants can be a platform for activism and social justice.

The last time a president signed an executive order with a price tag in the hundreds of billions of dollars, that president was Joe Biden , and the U.S. Supreme Court struck down the policy as administrative overreach. Now, president-elect Donald Trump has announced his own executive order worth hundreds of billions of dollars, promising to sign a massive tariff hike on goods from Mexico, Canada and China on his first day in office. Those tariffs could be the first test of just how cravenly loyal the Supreme Court’s conservative wing is to the man who appointed three of the sitting justices to the bench. ADVERTISEMENT “Tariff” is just a fancy word for a tax paid by U.S. businesses on imported goods, with the added costs passed on to American consumers. Trump’s proposed tariffs of 25 percent on all products from Mexico and Canada, and 10 percent on all products from China, will cost about $272 billion per year, economists told CNN. The president does have some congressional power to enact tariffs, but a policy as massive as the one Trump is proposing would normally trigger something called the “major questions doctrine,” legal analysts have pointed out . That’s the same doctrine the Supreme Court used to strike down Biden’s student loan forgiveness program and to hamper his efforts to reduce greenhouse gas emissions. It basically says that anytime a federal agency tries to enact a policy with “vast economic and political significance,” the courts have to scrutinize whether Congress actually intended to give the agency that power, the justices decided in 2022 in West Virginia v. Environmental Protection Agency . In that case, the Supreme Court held that even though Congress had given the EPA the power to set environmental performance standards by applying “the best system of emission reduction,” Biden’s EPA couldn’t reduce emissions by phasing out coal and gas plants. A year later, in Biden v. Nebraska , the court struck down Biden’s $400 billion student loan forgiveness plan, even though Congress had given the Secretary of Education the power to “waive or modify” laws and regulations governing student loan programs. Critics have blasted both decisions as a “judicial power grab” and accused the justices of legislating from the bench. But whatever the merits of the rule itself, the exact same justices that struck down Biden’s policies in 2022 and 2023 are likely to decide on Trump’s tariffs. Companies that will be impacted by the new taxes have been preparing lawsuits for weeks, according to a report from NBC, meaning the rule will almost certainly end up litigation. The big question now is whether the Supreme Court will apply the same legal standard for Trump. In his statement on Monday, Trump seemed to hint at some type of national security justification for the tariffs. His planned executive order is in response to “thousands of people... pouring through Mexico and Canada, bringing crime and drugs at levels never seen before,” including fentanyl originating in China, he said. But so far, national security hasn’t figured in the major questions doctrine. In fact, critics argue that the rule itself threatens national security. And even if there were an exception, it’s not clear what an import tax paid by American companies has to do with illegal border crossings. Of course, it’s completely possible the Supreme Court’s conservative majority will suddenly, conveniently decide the major questions doctrine doesn’t apply to issues of national security, and that all a president has to do is say the phrase “national security” to end any legal scrutiny. In that case, the Supreme Court will have passed its first MAGA loyalty test.WASHINGTON , Nov. 26, 2024 /PRNewswire/ -- Danaher Corporation (NYSE: DHR ) announced that President and Chief Executive Officer, Rainer M. Blair , will be presenting at the Evercore ISI HealthCONx Conference in Coral Gables, Florida on Wednesday, December 4, 2024 at 3:25 p.m. ET . The event will be simultaneously webcast on www.danaher.com . ABOUT DANAHER Danaher is a leading global life sciences and diagnostics innovator, committed to accelerating the power of science and technology to improve human health. Our businesses partner closely with customers to solve many of the most important health challenges impacting patients around the world. Danaher's advanced science and technology - and proven ability to innovate - help enable faster, more accurate diagnoses and help reduce the time and cost needed to sustainably discover, develop and deliver life-changing therapies. Focused on scientific excellence, innovation and continuous improvement, our approximately 63,000 associates worldwide help ensure that Danaher is improving quality of life for billions of people today, while setting the foundation for a healthier, more sustainable tomorrow. Explore more at www.danaher.com . SOURCE Danaher CorporationSyrians poured into streets in celebration on Sunday after a stunning rebel advance reached the capital, ending the Assad family’s 50 years of iron rule . Russian state news agencies were reporting that President Bashar Assad and his family had arrived in Moscow and were given asylum. Russia said Assad left the country after negotiations with rebel groups and that he had given instructions to transfer power peacefully. Joyful crowds gathered in central squares in Damascus, waving the Syrian revolutionary flag. Others ransacked the presidential palace and residence. Abu Mohammed al-Golani , a former al-Qaida commander who cut ties with the group years ago leads the biggest rebel faction in Syria and is poised to chart the country’s future. He made his first public appearance since fighters entered the Damascus suburbs Saturday, at the capital’s sprawling Umayyad Mosque, and called himself by his given name, Ahmad al-Sharaa. He said Assad’s fall was “a victory to the Islamic nation.” The rapidly developing events have shaken the region. Lebanon said it was closing all its land border crossings with Syria except for one that links Beirut with Damascus. Jordan closed a border crossing with Syria, too. Israel has issued warnings to villages in southern Syria and its forces seized a buffer zone in the Golan Heights. Here's the Latest: The Israeli military said on Sunday it was reinforcing a barrier along its border with Syria as part of its “enhanced preparedness” in the area following the fall of the Assad regime. Israel released images of the construction, which showed bulldozers digging what appeared to be a trench. The army said in a statement that the barrier was named “New East.” Satellite images analyzed by The Associated Press show that as early as September, Israel began building what could be a new road right along the so-called Alpha Line that separates the Israeli-occupied Golan Heights from Syria . The United Nations confirmed that Israeli troops entered the demilitarized zone during the work. Over the weekend, the Israeli military sent additional troops to the Israeli-annexed Golan Heights to bolster Israel’s presence along the border with Syria. Russian state news agencies reported that ousted Syrian President Bashar Assad has arrived in Moscow with his family and been given asylum. The agencies, Tass and RIA, cited an unidentified Kremlin source. The Associated Press was not immediately able to verify the reports but had contacted the Kremlin for comment. CAIRO — The Arab League on Sunday condemned Israel for taking advantage of Syrian President Bashar Assad's downfall by moving into more Syrian territory. Hours after Assad’s overthrow, Israel announced it had seized a buffer zone in the Golan Heights that was established by a cease-fire agreement with Syria in 1974. In a statement, the Arab League said Israel illegally sought to occupy more territories. But Israeli Prime Minister Benjamin Netanyahu said the 50-year-old agreement regarding Syrian territory had collapsed and that Syrian troops had abandoned their positions, necessitating Israel taking over as a “temporary defensive position.” UNITED NATIONS — The United Nations secretary-general is marking the “fall of the dictatorial regime” in Syria and says the future of the country is “is a matter for the Syrians to determine.” A statement by Antonio Guterres also called for calm and the protection of the rights of all Syrians as well as of diplomatic and consular facilities in Syria. He said there is much work ahead to ensure an “orderly political transition to renewed institutions,” and he called on the international community to ensure that “any political transition is inclusive and comprehensive and that it meets the legitimate aspirations of the people of Syria, in all their diversity.” KYIV, Ukraine - Ukraine’s top diplomat on Sunday responded to Assad’s ouster by describing him as a “dictator” who relied on Russia to prop up his rule - a reference to the military campaign Moscow has waged in Syria since September 2015, teaming up with Iran to allow Assad’s government to fight armed opposition groups and reclaim control over most of the country. "Assad has fallen. This has always been and will be the case with all dictators who bet on Putin. He always betrays those who rely on him,” foreign minister Andrii Sybiha said in a post on X. In a separate update on the social network, Sybiha said Kyiv was ready to take steps towards restoring relations with Syria, severed months into Russia’s full-scale invasion of the neighboring state. Kyiv broke off diplomatic ties after Damascus in June 2022 recognized Kremlin-occupied parts of eastern Ukraine as independent territories, in a move welcomed by Moscow and decried by the West as a clear violation of Ukrainian sovereignty. JERUSALEM — The Israeli military has issued a warning to residents of five villages and towns in southern Syria to stay inside their homes for their safety. “The fighting in your area is forcing the IDF to act,” the IDF’s Arabic-language spokesman said on X. The military didn’t respond to questions. Earlier, Israel said its troops had seized a buffer zone in the Golan Heights established in 1974, saying it was to protect Israeli residents after Syrian troops abandoned their positions. Defense Minister Israel Katz said on X that the IDF has been instructed to “seize the buffer zone and control points to ensure the protection of all Israeli communities in the Golan Heights – Jewish and Druze – so that they are not exposed to threats from the other side.” Israel captured the Golan in the 1967 Mideast war and later annexed it. The international community, except for the United States, views it as occupied. BEIRUT - The leader of the largest insurgent group in Syria visited the Syrian capital’s sprawling Umayyad Mosque and declared that the victory against President Bashar Assad “is a victory to the Islamic nation.” Ahmad al-Sharaa, who was formerly known as Abu Mohammed al-Golani, made his first public appearance and remarks since fighters entered Damascus. He told hundreds of people at the historic mosque that Assad had made Syria “a farm for Iran’s greed.” He added that Assad made Syria a base for the illegal amphetamine Captagon that brought cash to Assad’s circles. Al-Sharaa, the leader of the jihadi Hayat Tahrir al-Sham, or HTS, said Sunday that the victory was achieved because of “God and the blood of martyrs.” He said that he left Syria 20 years ago and since then his heart has longed for this movement. AMMAN, Jordan — The vast majority of the Jordanian people are welcoming the fall of Bashar al-Assad’s regime and the success of the Syrian revolution. “There is no doubt that I felt overwhelming joy at the fall of the Assad regime," said Badi Al-Rafaia, Engineer, union activist and member of the Islamic Action Front. "There is no doubt that we are happy with what happened in Syria, happy with the success of the revolution, happy with the Syrian people getting rid of an oppressor and criminal who treated the Syrian people and made the Syrian state a failed state.” Al-Rafaia said that Jordan is benefiting from what happened in Syria, and "we hope that Jordan will help the revolution succeed and not work against it.” Amman resident Muhab al-Majali said the fall of the Assad regime is “The end of every unjust and tyrannical rule, and more than that, it mortgaged the country and its people to the Iranians, who abandoned it in minutes... I believe that the future is beautiful and prosperous for the Syrians.” BERLIN — The International Committee of the Red Cross is calling for safe humanitarian access and protection of civilians in Syria after the fall of Bashir Assad’s government. “Our teams in Syria, including in Damascus, have been closely monitoring the fast-evolving security and humanitarian situation in coordination with the Syrian Arab Red Crescent,” the ICRC’s head of delegation in Syria, Stephan Sakalian, said in a written statement Sunday. The ICRC is “responding wherever possible, with further efforts underway, as hundreds of thousands of people need care and humanitarian assistance,” he said. Sakalian called “on all parties to urgently enable safe and unhindered access for medical and humanitarian workers to reach those in need, to protect civilians, and to uphold their obligations under international humanitarian law.” BAGHDAD — The Iraqi government said in a statement Sunday that it “supports all international and regional efforts seeking to open a dialogue” for Syria “leading to the adoption of a pluralistic constitution that preserves the human and civil rights of Syrians, and supports cultural, ethnic and religious diversity.” The statement from government spokesperson Bassem al-Awadi, said that Iraq understands “the necessity of respecting the free will of all Syrians, and stresses that the security of Syria, the unity of its territories, and the preservation of its independence are of utmost importance, not only for Iraq but also for its connection to the security and stability of the region.” It cautioned against “interfering in Syria’s internal affairs, or supporting one party for the benefit of another.” Iraq, which has a close relationship with Iran - once a strong ally of former Syrian President Bashar Assad - has taken in some 2,000 Syrian army soldiers who fled the country amid the advance of armed opposition groups. CAIRO — The head of Yemen’s internationally recognized government welcomed the fall of the government of President Bashar Assad of Syria. “It’s a historic moment,” Rashad al-Alimi, who chairs the ruling presidential council, wrote on X platform of Assad’s downfall. “It’s time for the Iranian regime to stop meddling in Yemen, respect its sovereignty and identity.” Al-Alimi, who is backed by Saudi Arabia, was referring to Iran’s support of Houthi rebels who are at war with Yemen’s internationally recognized government for a decade. DAMASCUS — Families wandered through the high-ceilinged halls of the presidential palace in Damascus on Sunday, along with some armed men. Some paused to take family portraits or selfies on the few remaining couches against the backdrop of mosaiced walls, while others walked out with chairs and other items under their arms. On the massive parking lot out front, cars drove in circles honking ecstatically. In central Damascus’ Umayyad Square, drivers passing by also honked jubilantly, while young men piled onto a tank abandoned in the square. But for some the celebration was bittersweet. “I am very happy, but this happiness will not be completed until I can see my son out of the prison and know where is he is,” said Damascus resident Bassam Masr. “I have been searching for him for two hours - he has been detained for 13 years.” TEL AVIV, Israel – Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israeli forces have seized a buffer zone in the Golan Heights established by a 1974 ceasefire agreement with Syria. He spoke from an overlook near the border between Syria and the Israeli-annexed Golan Heights, after Syrian rebels tore through the country and dramatically ended Assad’s rule on Sunday morning. Netanyahu said the 50-year-old agreement had collapsed and that Syrian troops had abandoned their positions, necessitating the Israeli takeover as a “temporary defensive position.” Israel captured the Golan Heights in the 1967 Mideast war and annexed it. The international community, except for the United States, views it as occupied Syrian territory. Satellite images analyzed by the Associated Press show that as early as September, Israel began construction of what could possibly be a new road right along the so-called Alpha Line that separates the Israeli-occupied Golan Heights from Syria . The United Nations confirmed that Israeli troops entered the demilitarized zone during the work. The United Nations maintains a peacekeeping force in the demilitarized zone called the United Nations Disengagement Observer Force, or UNDOF, with around 1,100 peacekeepers from Fiji, India, Kazakhstan, Nepal, and Uruguay. After the 1973 Mideast war, the U.N. Secretary Council voted to create UNDOF to patrol a roughly 400 square kilometer (155 square mile) demilitarized zone and maintain the peace there. DAMASCUS, Syria — An Associated Press journalist in Damascus reported airstrikes in the area of the Mezzeh military airport, southwest of the capital Sunday. The airport has previously been targeted in Israeli airstrikes, but it was not immediately clear who launched Sunday's strike. The Israeli military refused to comment on the airport strike. Israel often does not publicly claim responsibility for attacks in Syria. The Syrian Observatory for Human Rights, a UK-based war monitor, reported that Israeli warplanes also targeted warehouses belonging to the Syrian army’s Fourth Division and another former military site outside of Damascus Sunday. On Saturday and Sunday, the Israeli military sent additional troops to the Israeli-annexed Golan Heights to bolster Israel’s presence along the border between Israel and Syria. Agricultural areas along the border were declared closed military zones and some schools shifted to online classes in anticipation of unrest.