Donald Trump transferred his entire stake in Trump Media & Technology Group (DJT) to a revocable trust, causing a 5.31% drop in the company’s stock value. The $4 billion transfer involved 114,750,000 shares, leaving Trump as the sole beneficiary. This follows his previous criticism of Nasdaq and hints at a potential NYSE move. The market reaction indicates investor uncertainty about Trump’s future role in the company.
President-elect Donald Trump has threatened to impose tariffs on the European Union unless they significantly increase their purchases of US oil and gas. This follows similar threats toward BRICS nations. The EU, already a major importer of US energy, faces challenges in fulfilling Trump’s demands due to market dynamics and existing supply contracts. Trump’s actions could escalate trade tensions and significantly impact the global economy.
US Attorney Breon Peace, involved in the Adani case, will resign on January 10, 2025. His statement highlighted his service and commitment to justice. First Assistant US Attorney Carolyn Pokorny will become Acting US Attorney. The timing of Peace’s resignation, close to a potential change in presidential administration, has raised speculation.
President-elect Donald Trump transferred his 53% stake in Trump Media & Technology Group (DJT) to his revocable trust. This $4 billion transfer comes days after a NYSE appearance and amidst ongoing legal challenges. While the trust holds the shares, Trump remains the beneficiary, raising questions about transparency and potential conflicts of interest.
Peter Mandelson is set to become the UK’s next ambassador to the US, a crucial role given the almost half-century vacancy. Prime Minister Keir Starmer believes Mandelson’s trade expertise will be vital in navigating US-UK relations under President-elect Trump. While Mandelson’s career includes successes and controversies, his appointment aims to strengthen the UK-US relationship. However, differences in opinion on Brexit might pose a challenge.
The House rejected a plan to prevent a government shutdown, despite President-elect Trump’s support. The failure of the bill, which included debt limit suspension and funding measures, increases the likelihood of a shutdown by Friday. Democrats and some Republicans opposed the bill, creating a partisan stalemate. Although market reactions to past shutdowns have been mixed, uncertainty remains.
Russian President Vladimir Putin stated his willingness to meet with President-elect Donald Trump anytime to discuss the ongoing conflict in Ukraine and other issues. Despite claiming battlefield success, Putin admitted uncertainty about regaining the Kursk region. He addressed Russia’s economic challenges and criticized security failures following the assassination of a top military official.
Fox News analysts discuss the Democratic Party’s challenges, comparing its current situation to the post-Carter era. They highlight President Biden’s low approval ratings, the influence of progressive voices, and the need for the party to moderate its stance to regain public trust and electoral success. The analysis suggests that the Republicans could maintain control of the White House for years to come if the Democrats fail to address these issues.
Rep. Richard Hudson, NRCC chair, expresses confidence in Republicans’ chances in the 2026 midterms, citing President-elect Trump’s win and favorable district maps. Despite Trump’s absence from the ballot, Hudson believes the GOP’s policy focus and Trump’s continued support can drive high voter turnout. The NRCC prioritizes candidate recruitment and fundraising.
House Republicans rejected a spending bill to avert a government shutdown, defying Speaker Mike Johnson and facing opposition from figures like Donald Trump and Elon Musk. The bill included Democratic additions, resulting in its defeat. The lack of a backup plan increases the likelihood of a government shutdown by Saturday.
