WASHINGTON — Donald Trump threatened the United States's closest neighbours with big tariffs this week, in a move that has reminded many of the unpredictable tactics the president-elect deployed during his first tenure in the White House. Trump said Monday he would use an executive order to impose 25 per cent tariffs on all goods coming from Canada and Mexico until the two countries stop drugs and migrants from illegally crossing the U.S. border. The announcement, made on Truth Social, brought swift responses from officials and industry in both countries who are bracing for chaos during Trump's second tenure. He has long used the threat of import taxes to pressure other countries to do his bidding, saying this summer that "the most beautiful word in the dictionary is 'tariff.'" It's unlikely the move would violate the Canada-U.S.-Mexico Agreement, which was negotiated during the first Trump administration. Laura Dawson, an expert on Canada-U. S. relations and the executive director of the Future Borders Coalition, said the president can impose tariffs under his national security powers. This type of duty has a time limit and can only be made permanent through Congressional approval, but for Trump, national security powers are like a "get out of jail free card," Dawson said. "This is exactly what happened in the last Trump administration," Dawson said. "Everyone said, 'Well, that is ridiculous. Canada is the U.S.'s best security partner. What do you mean our steel and aluminum imports are somehow a source of insecurity?'" But within the global trade system, she said, no country challenges another's right to define their own national security imperatives. Trump's first administration demonstrated how vulnerable Canada is to America's whims when the former president scrapped the North American Free Trade Agreement. The U.S. is Canada's closest neighbour and largest trading partner. More than 77 per cent of Canadian exports go to the U.S. Negotiation of CUSMA, commonly dubbed "the new NAFTA," was a key test for Ottawa following Trump's first victory. The trilateral agreement is up for review in 2026 and experts suspect this week's tariff announcement is a negotiating tactic. Scott Bessent, Trump's pick for treasury secretary, said in a recent op-ed that tariffs are "a useful tool for achieving the president's foreign policy objectives." "Whether it is getting allies to spend more on their own defence, opening foreign markets to U.S. exports, securing co-operation on ending illegal immigration and interdicting fentanyl trafficking, or deterring military aggression, tariffs can play a central role." During the initial CUSMA negotiations in 2018, Trump floated the idea of a 25 per cent tariff on the Canadian auto sector — something that would have been crippling for the industry on both sides of the border. It was never implemented. At the time, he did use his national security powers to impose a 25 per cent tariff on steel and 10 per cent tariff on aluminum imports, casting fear of an all-out trade war that would threaten the global economy. The day after announcing those levies, Trump posted on social media "trade wars are good, and easy to win." Former U.S. trade representative Robert Lighthizer recounted in his book that the duties sent an "unmistakable signal that business as usual was over." "The Trump administration was willing to ruffle diplomatic feathers to advance its trade agenda." It led to a legendary clash between Prime Minister Justin Trudeau and Trump at the G7 in Quebec. Trudeau said Canada would impose retaliatory measures, saying the argument that tariffs on steel and aluminum were a matter of national security was "kind of insulting." Trump took to social media, where, in a flurry of posts he called Trudeau "very dishonest and weak." Canada and other countries brought their own duties against the U.S. in response. They targeted products for political, rather than economic, reasons. Canada hit yogurt with a 10 per cent duty. Most of the product impacted came from one plant in Wisconsin, the home state of then-Republican House Speaker Paul Ryan. The European Union, Mexico and Canada all targeted U.S. whiskey products with tariffs, in a clear signal to then Republican Senate Majority Leader Mitch McConnell and his home state of Kentucky’s bourbon industry. Ultimately, Canada and Mexico were able to negotiate exemptions. Carlo Dade, the director of trade and trade infrastructure at the Canada West Foundation, said Trump is returning to the White House with more experience and a plan. But he suspects Americans will not like the blow to their bank accounts. Trump’s new across-the-board tariff strategy would not only disrupt global supply chains, it would also cause a major shakeup to the American economy. It's unclear if Trump will go through with them, or for how long, after campaigning on making life more affordable and increasing the energy market. "I think it will be short-term," Dade said. "The U.S. can only inflict damage on itself for so long." This report by The Canadian Press was first published Nov. 26, 2024. — With files from The Associated Press Kelly Geraldine Malone, The Canadian PressQatar Investment Authority acquires ‘significant’ stake in Audi F1
Charles Schwab Investment Management Inc. raised its holdings in shares of Ionis Pharmaceuticals, Inc. ( NASDAQ:IONS – Free Report ) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,443,020 shares of the company’s stock after purchasing an additional 114,914 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ionis Pharmaceuticals were worth $57,807,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors have also bought and sold shares of IONS. Great Point Partners LLC bought a new position in Ionis Pharmaceuticals during the second quarter valued at $15,728,000. International Assets Investment Management LLC lifted its holdings in shares of Ionis Pharmaceuticals by 3,287.0% in the 3rd quarter. International Assets Investment Management LLC now owns 328,772 shares of the company’s stock worth $13,171,000 after acquiring an additional 319,065 shares during the last quarter. Logos Global Management LP bought a new stake in shares of Ionis Pharmaceuticals in the 2nd quarter worth about $14,298,000. Marshall Wace LLP lifted its holdings in shares of Ionis Pharmaceuticals by 1,021.5% in the 2nd quarter. Marshall Wace LLP now owns 173,199 shares of the company’s stock worth $8,255,000 after acquiring an additional 157,756 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Ionis Pharmaceuticals in the 1st quarter worth about $6,183,000. Institutional investors own 93.86% of the company’s stock. Ionis Pharmaceuticals Stock Down 0.5 % NASDAQ:IONS opened at $35.73 on Friday. The company has a market cap of $5.64 billion, a PE ratio of -14.64 and a beta of 0.39. Ionis Pharmaceuticals, Inc. has a twelve month low of $33.33 and a twelve month high of $54.44. The company has a current ratio of 8.91, a quick ratio of 8.82 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $38.21 and its two-hundred day moving average is $42.35. Insiders Place Their Bets Analyst Upgrades and Downgrades IONS has been the subject of several analyst reports. BMO Capital Markets lowered shares of Ionis Pharmaceuticals from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $67.00 to $60.00 in a report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Ionis Pharmaceuticals from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Wells Fargo & Company lowered their target price on shares of Ionis Pharmaceuticals from $82.00 to $77.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Piper Sandler decreased their price objective on shares of Ionis Pharmaceuticals from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Ionis Pharmaceuticals in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.65. Read Our Latest Analysis on Ionis Pharmaceuticals About Ionis Pharmaceuticals ( Free Report ) Ionis Pharmaceuticals, Inc discovers and develops RNA-targeted therapeutics in the United States. The company offers SPINRAZA for spinal muscular atrophy (SMA) in pediatric and adult patients; TEGSEDI, an antisense injection for the treatment of polyneuropathy caused by hereditary transthyretin amyloidosis in adults; and WAYLIVRA, an antisense medicine for treatment for familial chylomicronemia syndrome (FCS) and familial partial lipodystrophy. Further Reading Want to see what other hedge funds are holding IONS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ionis Pharmaceuticals, Inc. ( NASDAQ:IONS – Free Report ). Receive News & Ratings for Ionis Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ionis Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter .ASP Isotopes Inc. Responds to Short Seller ReportBOCA RATON, Fla. (AP) — Tre Carroll scored 18 points off the bench to lead Florida Atlantic to an 89-80 victory over Texas State on Saturday. Carroll shot 7 of 9 from the field and 4 of 4 from the free-throw line for the Owls (7-5). Niccolo Moretti scored 15 points, shooting 4 of 6 from the field and 6 for 7 from the line. Matas Vokietaitis shot 5 of 8 from the field and 3 of 8 from the free-throw line to finish with 13 points. The Bobcats (7-4) were led by Tyler Morgan, who posted 19 points, six rebounds and five assists. Tylan Pope added 14 points and three blocks. Josh O'Garro finished with 13 points, nine rebounds and two blocks. Texas State had a five-game win streak end. Florida Atlantic took the lead with 51 seconds to go in the first half and never looked back. The score was 43-40 at halftime, with Vokietaitis racking up 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Trump announces newest round of Cabinet picks ahead of MAGA-studded Army-Navy gameST. PAUL, Minn. (AP) — Josh Norris broke a tie on a power play with 7:18 left, Leevi Merilainen made 30 saves in his fifth NHL game and the Ottawa Senators beat the Minnesota Wild 3-1 on Sunday night. Ottawa has won seven of its past nine games, while the Wild have lost five of their past seven. The Senators won in Minnesota for the first time since 2016. With starter Linus Ullmark and backup Anton Forsberg out with injuries, the Senators have been relying on Merilainen and Mads Sogaard since before the NHL holiday break. Frederick Gaudreau opened the scoring for Minnesota late in the first period. Ridly Greig tied it early in the second. Claude Giroux added an empty-netter. Takeaways Senators: A team that finds itself surprisingly in a playoff position after missing the postseason the past six seasons topped a Western Conference contender in Minnesota. Norris has been a big part of the Senators’ surge and now ranks second on the team with 14 goals. Wild: A lower-body injury kept Kirill Kaprizov out of his second straight game, but Joel Eriksson Ek returned after missing 11 games with a lower-body injury. The Wild are 17-5-4 with Eriksson Ek in the lineup and 5-6-0 without him. Key moment The Wild killed one penalty midway through the third, but Jared Spurgeon went to the box seconds later on a holding call. Norris scored on the power play. Up next The Senators’ nine-game trip continues Thursday at Dallas night. The Wild host Nashville on Tuesday night. ___ AP NHL: https://apnews.com/hub/nhl Phil Ervin, The Associated PressFederal officials don’t have answers for mystery drone sightings: ‘We simply don’t know’
Charles Schwab Investment Management Inc. grew its stake in shares of AutoNation, Inc. ( NYSE:AN – Free Report ) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 320,888 shares of the company’s stock after buying an additional 19,015 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.81% of AutoNation worth $57,413,000 as of its most recent filing with the Securities and Exchange Commission. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AN. Dimensional Fund Advisors LP lifted its holdings in shares of AutoNation by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,605,708 shares of the company’s stock valued at $255,910,000 after purchasing an additional 41,712 shares in the last quarter. LSV Asset Management lifted its holdings in shares of AutoNation by 0.6% during the 2nd quarter. LSV Asset Management now owns 781,825 shares of the company’s stock valued at $124,607,000 after purchasing an additional 4,350 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of AutoNation during the 2nd quarter valued at about $15,832,000. Lodge Hill Capital LLC bought a new position in shares of AutoNation during the 2nd quarter valued at about $15,141,000. Finally, International Assets Investment Management LLC bought a new position in shares of AutoNation during the 3rd quarter valued at about $131,250,000. Institutional investors own 94.62% of the company’s stock. AutoNation Stock Down 0.2 % NYSE:AN opened at $178.89 on Friday. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 3.76 and a beta of 1.21. AutoNation, Inc. has a twelve month low of $133.01 and a twelve month high of $197.18. The stock’s 50 day moving average price is $168.02 and its two-hundred day moving average price is $168.80. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58. Analyst Upgrades and Downgrades Get Our Latest Stock Report on AN AutoNation Profile ( Free Report ) AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services. Recommended Stories Receive News & Ratings for AutoNation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoNation and related companies with MarketBeat.com's FREE daily email newsletter .Luke Humphries defeats Luke Littler to retain Players Championship Finals titlePagerDuty Announces Third Quarter Fiscal 2025 Financial Results
Raymond Gerald “Gerry” Biggs Funeral services for Raymond Gerald “Gerry” Biggs, 92, of Lufkin will be held Saturday, November 30, 2024 at 2:00 p.m. in the Carroway Funeral Home Chapel with Brother Kent Childers officiating. Interment will follow in the Garden of Memories Memorial Park. Mr. Biggs was born August 9, 1932 in Aransas Pass, Texas to the late Gladys (Thigpen) and R.H. Biggs, and died Sunday, November 24, 2024 in a local hospice facility. Mr. Biggs attended school in Sinton, Texas and college at the University of Houston. He retired from the Texas Highway Department in May 1991 following 38 years of service. Mr. Biggs was a longtime member of St. Paul’s United Methodist Church and was a Past President and member of the Lufkin Area RC Modeler’s Club. Mr. Biggs and his first wife, Janette, had a wonderful marriage, but didn’t have the opportunity to have children in Janette’s lifetime. However, when he married Pat, he took on a whole crowd of children and grandchildren all at once! He fell into his role as father and grandfather seamlessly, always spending as much time as he could with his family, attending many baseball and basketball games across many states, and sharing his hobbies and time with everyone. He counted many blessings in his lifetime but was most grateful for taking on the title of father and grandfather. Survivors include his wife of 24 1/2 years, Patricia “Pat” (Patterson) Biggs; daughters, Brandy Ponson and husband Michael, and Cheraline Canida; grandsons, Chase Ponson and Lane Ponson; brother-in-law, Red Jordan; special nephew, Cody Nichols; “adopted” son, Allen Street; his constant shadow, Tipper; along with numerous other nieces and nephews. He was preceded in death by his parents; first wife, Janette Biggs; and sister, Judy Jordan. Pallbearers will be Michael Ponson, Lane Ponson, Chase Ponson, Allen Street, Troy Parker, and Kirk Jordan. Honorary pallbearers will be members of the Lufkin Area RC Modeler’s Club. Memorial contributions may be made to Hospice in the Pines, 1504 W. Frank Avenue, Lufkin, Texas 75904. The family will welcome friends and loved ones from 1:00 to 2:00 p.m. Saturday afternoon prior to the services. Memories and condolences may be added, and live webcasting of the services may be viewed, at www.carrowayfuneralhome.com . Carroway Funeral Home, Lufkin, directors.
Hildebrandt scores 9 as High Point knocks off Appalachian State 65-59Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Tarbox Family Office Inc.
The NFL must hope Friday isn't an ominous warning for its Netflix partnership. Like most viewers, the league took notice of frequent buffering and outage issues that derailed the stream of Friday's boxing match between Mike Tyson and Jake Paul. If the same problems surface when hosting two NFL games on Christmas, Netflix will face even more scrutiny. According to ESPN's Dan Graziano and Jeremy Fowler , the NFL reached out to Netflix about Friday's fiasco to ascertain the chances of it happening again. Netflix cited the "unprecedented scale" of the stream, which reached 60 million households. Those talks allegedly assuaged the league's fears. "The NFL came away from the conversations reassured that Netflix had figured out what went wrong and that it won’t be a problem for Chiefs-Steelers or Ravens-Texans on Dec. 25," ESPN wrote. Ryan Kang/Getty Images Front Office Sports wrote earlier this week that the NFL "definitely noted" Netflix's streaming issues. However, the league remained confident that Christmas would go better following Friday's "large-scale stress test." Netflix chief technology officer Elizabeth Stone sent a company memo praising the team's response to Friday's streaming problems. "I'm sure many of you have seen the chatter in the press and on social media about the quality issues," Stone wrote. "We don't want to dismiss the poor experience of some members, and know we have room for improvement, but still consider this event a huge success." Netflix can again anticipate a vast viewership when streaming two massive AFC matchups on Dec. 25. However, it could still pale in comparison to traffic from the Tyson/Paul fight. Peacock said an average of 14.2 million viewers watched a Week 1 game between the Green Bay Packers and Philadelphia Eagles, which was only available on the streaming provider. Amazon Prime Video averaged 13 million viewers through the first half of its Thursday Night Football slate. Yet Christmas still poses a major test for Netflix, which will begin streaming WWE's Monday Night Raw live in January. The service struck a deal to air NFL games on Christmas for three years. Related: Netflix’s Chief Technology Officer Breaks Silence On Paul vs. Tyson Fight