NEW YORK , Dec. 18, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global senior living market size is estimated to grow by USD 127.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.9% during the forecast period. Aging baby boomer population is driving market growth, with a trend towards increasing technological advances in long-term healthcare. However, staffing and workplace challenges poses a challenge. Key market players include Affinity Living Communities, Belmont Village L.P., Brookdale Senior Living Inc., Covenant Living Communities and Services, Enterprise Retirement Living Ltd., Erickson Senior Living , Extendicare Canada Inc, Genesis Healthcare Inc., Golden Heights Personal Care Home, Grand world Elder Care, HC One Ltd., Lendlease Corp., Life Care Centers of America, Merrill Gardens, New Max India Ltd., ProMedica, Senior Lifestyle, Sunrise Senior Living, Wickshire Senior Living, and AbsoluteCare. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The senior living market is experiencing significant growth due to technological advances in long-term healthcare. The rise in Internet penetration has brought about online platforms, mobile applications, and mHealth, which are increasingly popular among caregivers and nurses. Assisted services, such as mobile applications, wearables, trackers, communication devices, and smart alarms, are in high demand. These technologies enable caregivers to monitor and communicate with patients and healthcare professionals, enhancing the quality of care. Patient data management using computers and mobile phones is a major technological trend in long-term care facilities. Mobile health records (MHRs) and electronic health records (EHRs) are crucial advances, storing patient data like weight, diet, exercise, blood pressure, blood sugar, and cholesterol. For instance, AliveCor, an FDA-approved application, allows nursing care providers to record heart rate, blood pressure, and body weight. These data can be analyzed daily, weekly, or monthly to monitor patient health. Additionally, alarm integration techniques are essential for alerting service providers during emergencies. The adoption of smart homes is also increasing in developed countries, reducing caregiver dependence and contributing to market growth. In summary, the increasing adoption of technologically advanced solutions is driving the growth of the global senior living market. Senior living market is experiencing significant growth due to the aging population and increasing demand for comfortable post-retirement life options. Attractive financing, including outright purchases and leases, is driving the construction of senior housing in open spaces with low population densities. Independent and assisted living, skilled nursing care, and healthcare services are in high demand. Real estate developers and institutional investors are focusing on the senior living sector, offering a range of services from basic to lavish lifestyles. Healthcare providers are integrating healthcare and hospitality, providing medical services, fitness centers, recreational activities, and cultural events. Financing challenges persist, with funding schemes and insurance playing crucial roles. The baby boomer generation's nuclearization of families fuels demand for senior living services. Urban areas offer convenience, but many seniors prefer quieter environments. Technology trends include AI, AR, 3-D printing, and construction innovations. The senior living market caters to adults aged 65 and above, offering a variety of options from basic to high-end. Active seniors prioritize health and wellness, while some seek a pilgrimage-like experience. The hybrid model, combining independent and assisted living, is gaining popularity. Overall, the senior living market is a growing and diverse sector, presenting opportunities for businesses and investors. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The senior living market faces significant barriers to growth due to staffing and workplace challenges. The shortage of qualified caregivers and healthcare professionals constrains the capacity of senior living facilities to meet the increasing demand for services. This issue is compounded by demographic shifts, where an aging population requires more specialized care and a limited pool of individuals are pursuing eldercare careers. High turnover rates and diminished quality of care result from these staffing challenges. Workplace issues, such as regulatory burdens and rising operational costs, also hinder market expansion. Compliance with stringent regulations in healthcare and assisted living sectors necessitates substantial investments in training, documentation, and infrastructure. These investments divert resources from growth initiatives and innovation. Additionally, the need to invest in technology and safety measures imposes financial strain, limiting the ability of senior living providers to invest in long-term growth strategies. These factors are expected to restrict the growth of the global senior living market during the forecast period. The senior living market faces several challenges in providing senior housing and memory care facilities that cater to the unique needs of an aging population. High-quality care and lifestyle amenities are essential, but advanced healthcare services and comprehensive medical support are also crucial. Dual-income households and retirement age seniors seek professional care solutions, making it vital to integrate healthcare services and provide secure environments. Healthcare advancements, such as telemedicine and remote monitoring, are essential for financially independent, educated seniors with medical needs. NRIs and post-retirement settlers require senior citizen laws and welfare state support. Specialized care techniques for Alzheimer's disease and other memory-related conditions are necessary in secure environments. Active adult communities offer maintenance-free lifestyles, but nursing care, skilled nursing professionals, and rehabilitation services are also important. The senior housing market must adapt to the aging population's changing needs, integrating healthcare and providing quality access in suburbs and non-metro cities. Discover how AI is revolutionizing market trends- Get your access now! This senior living market report extensively covers market segmentation by 1.1 Assisted living 1.2 Independent living 1.3 CCRC 2.1 North America 2.2 Europe 2.3 APAC 2.4 South America 2.5 Middle East and Africa 1.1 Assisted living- Assisted living arrangements provide elderly adults with apartment-style dwellings, offering individual units with or without kitchens. Memory care units, specialized for those with cognitive impairment, feature increased security and may not allow kitchens due to safety concerns. Vendors are expanding in this market segment, boosting growth. Assisted living is for seniors needing help with daily living activities and offers 24-hour staff and medical professionals. Base rates cover utilities, housekeeping, and meals, with additional services available at extra costs. Senior citizens may hire in-home care for specialized needs not included in their contract. These factors contribute to the growth of the assisted living segment within the senior living market. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The senior living market is experiencing significant growth due to the aging population and the increasing number of senior citizens in need of housing solutions. With life expectancy on the rise and the nuclearization of families, more adults aged 65 and above are becoming financially independent and educated seniors seeking active post-retirement life. Suburbs and urban areas are popular choices for senior living, offering a range of senior living services from independent living to assisted living and memory care facilities. High-quality care, medical services, insurance, and health and wellness amenities are top priorities for this demographic. Fitness centers, recreational activities, and social engagement opportunities are also essential for active seniors. The baby boomer generation, a large and segment of the elderly population, is driving demand for senior living options that cater to their unique needs and preferences. NRIs (Non-Resident Indians) are also increasingly exploring senior living options in their home countries. Overall, the senior living market is a dynamic and growing industry that offers a range of housing solutions and services tailored to the needs of the aging population. Market Research Overview The senior living market is experiencing significant growth due to the aging population and increasing life expectancy. Senior citizens seek comfortable and secure housing options, leading in demand for senior living communities in suburbs and non-metro cities. These communities offer amenities tailored to their needs, including healthcare services, cultural events, recreational activities, and fitness centers. Financially independent and educated seniors, as well as NRIs, are looking for post-retirement settlement options that cater to their medical needs and provide a comfortable lifestyle. The welfare state and senior citizen laws support the development of senior housing, with real estate developers and institutional investors entering the market. The senior living industry encompasses a range of housing options, from independent living and assisted living to skilled nursing care and memory care facilities. Advanced healthcare services, professional care solutions, and comprehensive medical support are essential features of these communities. The baby boomer generation, adults aged 65 and above, is driving the demand for senior housing, with a preference for high-quality care and lifestyle amenities. Construction of senior living communities is on the rise, with innovations in technology such as 3-D printing, AI, and AR being explored to address financing challenges and meet the diverse needs of the elderly population. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Service Assisted Living Independent Living CCRC Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Soccer star Cristiano Ronaldo said it was “just a little cold” as he posed bare-chested in the snow before taking an icy dip in a pool during a Christmas vacation in Finland’s Lapland region. The 39-year-old Portuguese international traveled with partner Georgina Rodriguez and their children, who met Santa Claus in a 10-minute video posted online by Ronaldo on Tuesday. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
Indian Markets To Deliver Positive Returns For 9Th Year In A Row, Outperform USBarrister cleared of misconduct calls on head of Bar Standards Board to resignMSA Safety to Present at the William Blair Public Safety Technology Virtual ConferenceThe main contributors to the latest contraction included a 1.1% decline in retail. Photo: RNZ By Gyles Beckford of RNZ New Zealand's economy was in a deeper than expected recession in the middle of the year, with widespread contraction across many sectors. Stats NZ data shows gross domestic product, the broad measure of economic growth, fell 1% in the three months ended September, to be 1.5% lower than a year ago. Significant revisions to previous figures resulted in a fall of 1.1% in the June quarter, meeting the definition of technical recession. These were the biggest quarterly falls since late 2021 at the height of the Covid-19 pandemic and lockdowns, but excluding those the six monthly fall was the largest since mid-1991. However, previous negative readings for 2022/23 have largely disappeared. Stats NZ said extra data had shown a different performance of the economy. "The data incorporated this year shows stronger growth over the last year, followed by two significant falls in the latest quarters," spokesperson Jason Attewell said. Short, sharp recession The big falls in the June and September quarters were the biggest quarterly drops since late 2021 at the height of the pandemic and lockdowns. But excluding those the six-monthly fall was the largest since mid-1991. The main contributors to the latest contraction were a 2.6% fall in manufacturing, 3.7% in electricity and gas, 2.8% drop in construction and 1.1% decline in retail. The fall in manufacturing in part reflected the energy crunch in mid-winter which forced some businesses to reduce or halt production. The growth spots were agriculture on the back of the strong dairy production, information and technology, and rental and real estate industries. Individual shares of the economy shrank again, by 1.2% during the quarter, the eighth consecutive quarterly fall. The latest GDP reading is expected to be the low point of the recent economic cycle, with falling interest rates expected to give a spark to household spending and business investment. Forecasts are for tepid but positive growth from the end of this year picking up pace in the second half of next year to average 2-3% over the next few years. New Zealand's economic activity was the weakest of all its major trading partners.
The webcast, as with other selected presentations regarding developments in Amgen's business given by management at certain investor and medical conferences, can be found on Amgen's website, www.amgen.com , under Investors. Information regarding presentation times, webcast availability and webcast links are noted on Amgen's Investor Relations Events Calendar. The webcast will be archived and available for replay for at least 90 days after the event. About Amgen Amgen discovers, develops, manufactures and delivers innovative medicines to help millions of patients in their fight against some of the world's toughest diseases. More than 40 years ago, Amgen helped to establish the biotechnology industry and remains on the cutting-edge of innovation, using technology and human genetic data to push beyond what's known today. Amgen is advancing a broad and deep pipeline that builds on its existing portfolio of medicines to treat cancer, heart disease, osteoporosis, inflammatory diseases and rare diseases. In 2024, Amgen was named one of the "World's Most Innovative Companies" by Fast Company and one of "America's Best Large Employers" by Forbes, among other external recognitions . Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average ® , and it is also part of the Nasdaq-100 Index ® , which includes the largest and most innovative non-financial companies listed on the Nasdaq Stock Market based on market capitalization. Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2023, Amgen was named one of "America's Greatest Workplaces" by Newsweek, one of "America's Climate Leaders" by USA Today and one of the "World's Best Companies" by TIME. For more information, visit Amgen.com and follow us on X (formerly known as Twitter), LinkedIn , Instagram , TikTok , YouTube and Threads . Amgen Forward-Looking Statements This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. 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Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico , and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful. There can be no guarantee that we will be able to realize any of the strategic benefits, synergies or opportunities arising from the Horizon acquisition, and such benefits, synergies or opportunities may take longer to realize than expected. We may not be able to successfully integrate Horizon, and such integration may take longer, be more difficult or cost more than expected. A breakdown, cyberattack or information security breach of our information technology systems could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all. CONTACT: Amgen, Thousand Oaks Elissa Snook , 609-251-1407 (media) Justin Claeys , 805-313-9775 (investors) View original content to download multimedia: https://www.prnewswire.com/news-releases/amgen-to-present-at-citis-2024-global-healthcare-conference-302319891.html SOURCE Amgen
I was never manager to Emmanuella, Success– Mark AngelSaudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's riseAttorneys want the US Supreme Court to say Mississippi’s felony voting ban is cruel and unusual
Some elite U.S. universities — including Penn — favor wealthy students in admissions decisions, lawsuit allegesLongtime Melania Trump aide Haley Harrison has been promoted to be her chief of staff, the former first lady’s office announced on X Friday. “Mrs. Harrison has maintained an integral role and exceptional leadership on the First Lady’s team over the past seven years,” read the statement. “She has a strong understanding of White House operations, and as Chief of Staff, Mrs. Harrison will oversee and manage the East Wing’s team while strategically liaising with other parts of government.” Harrison was named in President-elect Donald Trump ’s indictment for mishandling of classified documents case, reported ABC News in 2023. Named as Trump Aide 1 in the case, Harrison texted another Trump aide about moving the classified documents out of the business center at Mar-a-Lago to make more room for staff to work. “There is still a little room in the shower where his other stuff is,” Harrison allegedly wrote to another staffer. Special Counsel Jack Smith, who is prosecuting Trump on the classified documents case, is expected to wind down the investigation before Trump takes office. Melania’s former chief of staff, Stephanie Grisham, spoke at the Democratic National Convention in July and endorsed Vice President Kamala Harris for president. Former Rep. Mike Rogers is no longer under consideration to lead the FBI, a senior Donald Trump adviser said Friday. “Just spoke to President Trump regarding Mike Rogers going to the FBI. It’s not happening—In his own words, ‘I have never even given it a thought.’ Not happening," Dan Scavino, who will serve as deputy chief of staff in the incoming administration, posted on X . Sources told Fox News that Rogers, who lost his Senate race in Michigan earlier this month, visited Trump at Mar-a-Lago to discuss leading the law enforcement agency. During his first administration, Trump appointed Christopher Wray for the 10-year term but has repeatedly criticized him since then and said on the campaign trail that he wants to fire Wray. Rogers, who once served as an FBI officer and was on the House Intelligence Committee for four years, was also floated for the job in 2016. Scouted selects products independently. If you purchase something from our posts, we may earn a small commission. The pursuit of youth has long plagued our world. Many modern-day consumers go to great lengths to reduce the ravages of aging—Botox, plastic surgery, weird vampire facials, you name it. And while some products do show promise of slowing down aging, nothing can reverse time. 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According to the woman who brought the case against McGregor, the former fighter “brutally raped and battered” her in December 2018, leading to post-traumatic stress disorder and severe bruising. She also alleged in her testimony that McGregor put her in a chokehold several times during the encounter and threatened to kill her. The jury, which included eight women and four men, deliberated for around six hours in the High Court in Dublin, Ireland, before ultimately siding with her, reported Associated Press . Outside of the courthouse, the visibly shaken woman said she would now be able to move on with her life. In his testimony, McGregor alleged that the woman’s claims came after they had consensual sex. 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And yes, that even includes “Popular.” Some attendees of early screenings for the flick told The New York Times they were put off by their fellow audience members’ blatant disregard for movie theater norms. “It started slow. Then people heard each other—it was like they encouraged each other,” attendee Angela Weir told the Times . “It was a beautiful scene, and then you’re taken out of it.” But those with the irresistible inclination to join Grande, Erivo, and the rest of the cast need not fret too much. About 1,000 North American cinemas will host special sing-along showings of Wicked beginning after Christmas, Variety reported earlier this week. A quality wig should make you feel confident. That means it has to look good, feel good, and stay put all day. After a decade, Luvme Hair has refined its products to hit each of those marks. They believe comfort is key when you want to own your look. 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Boomers, who reportedly control over half of all American wealth, could actually end up helping Gen Z achieve their goal. Over the next few decades, as much as $50 trillion could flow from the older generation to younger ones in the form of inheritances—although experts also warn that it could also end up being spent on health-care costs for the aging Boomers. Morning Joe star Mika Brzezinski announced Friday she’s leaving Twitter, encouraging her followers to listen to her appearance on The Daily Beast Podcast as she headed for the exit. “I’ve decided to leave X, but I’d love to keep the conversation going. Join me on BlueSky !” the MSNBC host wrote in her presumably final post on Elon Musk ’s platform. Brzezinski’s penultimate post promoted her Daily Beast Podcast episode, in which she spoke about why she visited Donald Trump at Mar-a-Lago after his election victory. The personal visit, which Brzezinski made with her husband and co-host Joe Scarborough, set off a furious backlash —and an exodus of viewers —over what some saw as a capitulation to the president-elect after years of denouncing him. “We heard from many of you wanting to let us know that it was the right thing to do, our jobs,” Brzezinski said as she introduced the footage Friday. “We’ve also faced a lot of criticism about the meeting, largely from folks online.” On the podcast, Brzezinski told co-hosts Joanna Coles and Samantha Bee that one of the reasons she and Scarborough went to Mar-a-Lago is that “people are really scared about Donald Trump’s comments about political adversaries.” She added that while she doesn’t “regret anything” she said during the campaign, she is nevertheless “looking at how to do things differently.” “I would never turn down an opportunity to gain insight or information,” Brzezinski added. “Never.” Watch the full podcast interview below. New episodes of The Daily Beast Podcast drop every Thursday. Like and download on Spotify , Apple Podcasts , YouTube , or your favorite podcast app. And click here for email updates as each episode debuts. Donald Trump will not be sentenced on his 34 fraud convictions anytime soon, a New York judge ruled Friday. With his court order, Judge Juan Merchan indefinitely postponed the hearing that was scheduled to take place next week, allowing Trump’s legal team time to submit their motions for dismissal of the hush money case by December 2. After that, the District Attorney’s office will have a week to deliver its response. On Tuesday, prosecutors signaled that they were fine to give Trump’s attorneys more time to get their argument together, but would oppose any attempts to toss the case. 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Marjorie Taylor Greene (R-GA), a MAGA darling and three letter initialism-haver, is poised to lead a new House Oversight Committee Subcommittee that will work with Elon Musk and Vivek Ramaswamy ’s ‘DOGE’ commission to “eliminate government waste.” Rep. Alexandra Ocasio-Cortez (D-NY), a progressive darling and fellow three letter initialism-haver, is fine with that. “This is good, actually,” AOC tweeted Thursday. “She barely shows up and doesn’t do the reading.” She then likened giving MTG the job to “giving someone an unplugged controller.” Earlier this month, President-elect Donald Trump anointed MAGA entrepreneurs Musk and Ramaswamy as the co-leaders of his planned Department of Government Efficiency (DOGE), which is not a government department but a commission that will table recommendations for how to take a chainsaw to U.S. Federal spending—Musk has mused about up to $2 trillion in cuts. “Absolutely dying at those two now getting assigned the ‘privilege’ of ‘working’ with MTG,” added AOC. “That is actually hilarious. Enjoy, fellas!” This is good, actually. She barely shows up and doesn’t do the reading. To borrow a phrase I saw elsewhere, it’s like giving someone an unplugged controller. https://t.co/cgu6B4IAYV If Matt Gaetz ’s stamp of approval still holds any weight on Capitol Hill after his scandal-ridden attorney general nomination went up in flames Thursday, then president-elect Donald Trump’s new pick for the role, former Florida attorney general Pam Bondi , is headed in the right direction. Bondi “is a stellar selection,” Gaetz wrote in a post on X Thursday. “Pam and I worked closely together when she was Florida’s Attorney General and I chaired Criminal Justice in the state house. She’s a proven litigator, an inspiring leader and a champion for all Americans. She will bring the needed reforms to DOJ.” Bondi has been just as candid a Trump supporter as Gaetz, having spoken at his rallies and attended sessions of of New York criminal trial. She was also a defense lawyer during Trump’s first impeachment trial. Like Gaetz and other cabinet nominees Pete Hegseth and Sean Duffy, Bondi has also appeared frequently on Fox News to defend Trump’s record. . @PamBondi is a stellar selection by President Trump for Attorney General. Pam and I worked closely together when she was Florida’s Attorney General and I chaired Criminal Justice in the state house. She’s a proven litigator, an inspiring leader and a champion for all... https://t.co/K86sK7WkPfBiden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Get local news delivered to your inbox!