�7��i'�v�z�‘�da�1�P�!U�/�RM<�Q)�ʷ�/���cGǨ�if��]�&�-|���B5�욁���18"���+���H��j�Q0�Wid�

�7��i'�v�z�‘�da�1�P�!U�/�RM<�Q)�ʷ�/���cGǨ�if��]�&�-|���B5�욁���18"���+���H��j�Q0�Wid�NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. People are also reading... Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The business news you need Get the latest local business news delivered FREE to your inbox weekly.Marvell forecasts fourth-quarter revenue above estimates on strong AI-backed demand

....Approves ₦50bn Re-Capitalisation Of LECON Financial Services. The Managing Director/ Chief Executive Officer (CEO) of Bank of industry (BoI) Dr. Olasupo Olusi, has stated that the bank has raised the sum of €2bn to enable it meet the growing demand of Small and Medium Enterprises (SMEs) enterprises financing in the country. He said the bank is doing its best to cope with the surge in demand for its service through established strategic partnerships with key local public and private institutions, as well as global financial and multilateral institutions to enable the bank to fulfill its mandate effectively. According to him, the BOI Board has approved a ₦50 billion recapitalisation of LECON Financial Services, one of its subsidiaries, to better respond to increasing customer interest in asset acquisition through leasing as an alternative to outright purchasing equipment at a relatively lower cost and longer tenure, taking pressure off business owners. Dr. Olusi, who made the disclosures at a media parley to announce the 65th anniversary of BOI in Lagos, said: “One key thread in achieving the milestones through the years is our partners. “We are indeed grateful for the legacies bequeathed to us, which we build on to catalyse industrial growth and engender developmental impact. “Starting from our humble beginnings as the Investment Company of Nigeria (ICON) in 1959, to the Nigerian Industrial Development Bank (NIDB) in 1964, and finally our transformation into the Bank of Industry in 2001, the bank has continuously evolved to meet the changing needs of Nigeria’s economy. In doing so, we have positively impacted the lives of countless Nigerians by supporting businesses, promoting job creation, and facilitating inclusive economic growth. As Nelson Mandela aptly noted; “The past is not merely a place of reference but also a source of inspiration for building the future”. “This principle guides us as we reflect on our history to chart the course ahead in continuing impacting the lives of countless Nigerians by supporting business, promoting job creation, and facilitating inclusive economic growth. “As we mark this historic milestone, I would like to highlight some of the Bank’s key achievements over time. “In 2007, BOI’s authorised share capital was increased to ₦250 billion to put the bank in a position to address its mandate better; this was subsequently increased to ₦500 billion in May 2023. “In recognition of the pivotal role of MSMEs in national economic development, the Bank in 2014 engaged 122 SME consultants and entered strategic alliances with 10 SME-friendly commercial banks. “Today, we have over 300 Business Development Service providers supporting SMEs nationwide. “The bank also has a robust on lending programme with various financial institutions, including microfinance banks and fintechs. “In 2015, BOI commenced a national footprint expansion by opening eight state offices. This drive has continued through the years, and I am proud to say that today, the bank has a presence in 33 states nationwide. “In 2017, BOI commenced raising funds on the international market with a US$750 million AFREXIM loan. Since then, we have successfully raised over $5 billion from the international capital markets through Eurobonds, loan syndications, and green finance instruments. “This month, we concluded a global loan syndication that raised nearly €2 billion which is the largest fundraising in BOI’s history and indeed the largest syndication in the history of African DFIs. “One key thread in achieving these milestones through the years is our partners. BOI has established strategic partnerships with key local public and private institutions, as well as global financial and multilateral institutions to enable the bank to fulfill its mandate effectively. “BOI partners with State Governments, and Foundations to establish the “Matching Fund” scheme. “We also have partnerships with trade associations, such as the National Association of Small and Medium Enterprises (NASME), Nigerian Association of Small-Scale Industrialists (NASSI), and Manufacturers Association of Nigeria (MAN), to deepen real sector financing. “BOI recently signed a partnership agreement with SMEDAN to provide Nano and Micro Enterprises in Nigeria with a ₦1 billion fund at a single-digit interest rate. “We have partnerships with several other public agencies like NCDMB, to support specific sectors. In November 2023, the Federal Government of Nigeria appointed BOI as the executing agency for the ₦200 billion FGN MSME Intervention Fund, which includes a ₦50 billion Presidential Conditional Grant Scheme (PCGS), a ₦75 billion Manufacturing Sector Fund, and a ₦75 billion MSME Intervention Sector Fund. “This programme is currently being disbursed and there are numerous stories on the impact on private enterprises. Our strategic partnerships also extend to numerous organisations, such as African Development Bank (AfDB), the African Finance Corporation (AFC), Investment Climate Reform (ICR) initiative, the African Guarantee Fund (AGF), the Multilateral Investment Guarantee Agency (MIGA), the United States Export-Import Bank (USEXIM), the International Finance Corporation (IFC), etc. and several others. “In the last twelve months, we have also revised our strategy to focus on impact and introduced various strategic initiatives in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda and in response to emerging macroeconomic issues. In 2024, we introduced our six thematic focus areas to drive developmental impact —Gender, Climate and Sustainability, Youth and Skills, Digital Economy, and Infrastructure. These themes stem from their importance to Nigeria’s overarching development and will guide our financing interventions in the Nigerian economy. “This year, we launched the Rural Areas Program on Investment for Development (RAPID) program, to promote financial inclusion and support the development of micro and small businesses in rural Nigeria, focusing on youth and women. “We are improving on our product offerings with plans to scale up Non-Interest Banking (NIB), Export Credit Agency (ECA) and Supply Chain Finance (SCF) with a view to provide adequate financing to various economic clusters, recognising our national diversity to drive economic growth. “In alignment with Nigeria’s sustainability agenda, BOI has also launched a climate focused initiative. As a testament to this, BOI has been nominated as a Direct Access Entity by the Nigeria Climate Change Commission (NCCC) to access financing for climate projects through the Green Climate Fund (GCF). This designation empowers BOI to spearhead climate initiatives and support sustainable development efforts in Nigeria. In October 2024, the Bank held its first Inaugural Annual Lecture Series & launched two publications, the BOI Journal of Development Finance (Technical) and the BOI Journal of Development Review (Non-Technical); as well as a price intelligence platform for real-time monitoring of price variations of food commodities across the country. This platform seeks to enhance transparency and accountability in the food commodity market by providing real-time insights into price trends, stabilising markets, protecting consumers, and informing policy decisions. “Beyond the Bank’s efforts, we have also started to implement steps to ensure our subsidiaries are key contributors to national impact. “All these efforts have not gone unnoticed. In the past year, BOI has garnered multiple awards including the EMEA Award for “Best Social Development Program in Africa” for the Investment in Digital and Creative Economy (iDICE), the SERAS Award for “Best Company in Financial Inclusion” and “Most Effective MDA/Parastatal in Sustainable Development,” and the Philips Consulting Ltd. Award for “Best Website and Overall Best Digital Presence for a Federal Parastatal.” (IoD). As we celebrate our past achievements, we also recognise the opportunities and challenges that lie ahead. We live in a time of rapid technological advancement, shifting economic dynamics, and growing environmental concerns. Looking into the future, we reaffirm our commitment to driving sustainable industrialisation, supporting clients with innovative financing solutions, expanding our partnerships, strengthening financial inclusion efforts, and working closely with government agencies to advocate for policies that foster a supportive business environment, particularly for MSMEs and start-ups, thus, building a resilient and inclusive economy. “This anniversary is a testament not just to the longevity of our institution but also to the resilience, adaptability, and shared purpose that we carry in our mission. To our partners and stakeholders who have contributed to our journey, thank you for your passion, dedication, and belief in our vision. “As we celebrate our past achievements, we also recognise the opportunities and challenges that lie ahead. We live in a time of rapid technological advancement, shifting economic dynamics, and growing environmental concerns. Looking into the future, we reaffirm our commitment to driving sustainable industrialisation, supporting clients with innovative financing solutions, expanding our partnerships, strengthening financial inclusion efforts, and working closely with government agencies to advocate for policies that foster a supportive business environment, particularly for MSMEs and start-ups, thus, building a resilient and inclusive economy. This anniversary is a testament not just to the longevity of our institution but also to the resilience, adaptability, and shared purpose that we carry in our mission”.Scientists have raised concerns about hospitality staff coming into contact with second-hand smoke at work after the Government rowed back on plans to make it illegal to smoke in pub beer gardens. Concerns have also been raised about the “renormalisation” of smoking. Dr Rachel O’Donnell, senior research fellow at the University of Stirling’s Institute for Social Marketing and Health, said restrictions on smoking in outdoor places can “reinforce” a message that smoking “isn’t a socially acceptable thing to do” and could also help smokers to kick the habit. In November, it emerged that the UK Government is to scrap plans to ban smoking in the gardens of pubs and restaurants in England. Health Secretary Wes Streeting said the hospitality industry has “taken a real battering in recent years” and it is not “the right time” to ban smoking outside pubs. But smoking and vaping could be banned in other public places in England – such as in playgrounds or outside of schools – under the Tobacco and Vapes Bill. According to the World Health Organisation, there is no safe level of second-hand smoke exposure. In a briefing for journalists, Dr O’Donnell said decision-making “should be on the basis of all the evidence that’s available”. She added: “Any debate about legislation on smoking in outdoor settings shouldn’t only focus on air quality and second-hand smoke exposure levels, because the impacts of restrictions in outdoor settings are also evident on our social norms.” Smoke-free outdoor environments “reinforce smoke-free as the acceptable norm”, she said. “This, I think, is a critically important point at a time where in the media, over the last year, we’ve seen various reports and questions as to whether we might be on the cusp of renormalisation of smoking for various reasons, and so smoke-free public environments still have a critically important role to play. “If you reduce opportunities to smoke, it can also help individuals who smoke themselves to reduce the amount they smoke or to make a quit attempt.” Dr O’Donnell said visibility of tobacco products and smoking is a “form of marketing for tobacco companies” as she pointed to studies highlighting the increasing number of tobacco depictions on screen. She went on: “The more often young adults observe smoking around them, the more likely they are to believe that smoking is socially acceptable, which feeds back into this idea of renormalisation of smoking. “So, restrictions on smoking in outdoor public places have other positive knock-on effects, potentially for young people as well, just sending out that clear message that this isn’t a socially acceptable thing to do and see, and this could help to discourage smoking initiation among young people at quite a critical time.” On being exposed to second-hand smoke at work, she added: “I think sometimes when we think about exposure to second-hand smoke in outdoor settings, in pubs, in restaurants, we think about that sort of occasional customer exposure, the nuisance element of it when people are out enjoying a meal with friends, but we also need to be reminded that this is a repeated occupational exposure for those who are working in hospitality and serving drinks and food. “Now, as we’ve already seen, concentrations of second-hand smoke in these settings are generally low, and they’re likely to present a low risk to health for most healthy people. “But ... there’s no safe level of exposure to second-hand smoke, and so any individual with pre-existing heart, lung or respiratory conditions may be particularly vulnerable even to low levels of exposure. “We know that second-hand smoke is its known carcinogen, and on that basis those exposed in the hospitality sector have a right to be protected. “On that basis, there’s a need to protect them, as there is anybody in any workplace setting from second-hand smoke exposure in all areas of workplaces and spaces.” Sean Semple, professor of exposure science at the University of Stirling’s Institute for Social Marketing and Health, said: “I think that if I were a policy-maker, which I am not, then I would be looking at those occupational exposures as well. “I have asthma, if I was being occupationally exposed to SHS (second-hand smoke), and knowing that I was one of a very small number of workers now being legally exposed to SHS in the workplace, then I might not be very happy about that.” A Department of Health and Social Care spokesperson said: “As part of our 10 Year Health Plan we are shifting focus from sickness to prevention, including tackling the harms of smoking and passive smoking. “The landmark Tobacco and Vapes Bill is the biggest public health intervention in a generation and will put us on track towards a smoke-free UK.”Hitachi Rail partners with Invest Ontario to develop next generation of urban rail signalling technology in Toronto C$100m investment to create cutting-edge Communications-Based Train Control (CBTC) product for urban rail operators in Canada and globally R&D program to integrate AI and 5G tech in new SelTracTM solution, creating 100 new high skilled jobs and growing Canadian employees to 1,200+ TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Hitachi Rail is proud to partner with Invest Ontario as part of a more than C$100 million investment to upgrade its world-leading Communication-Based Train Control (CBTC) signalling technology. Hitachi Rail aims to develop a new generation of its CBTC technology, SelTracTM (G9), which will integrate artificial intelligence (AI), 5G communications, edge and cloud computing. The next generation system will offer transit operators worldwide lower costs, minimized carbon footprint and enhanced passenger experience. The investment includes the expansion of Hitachi Rail’s workforce in Toronto, Ontario, creating 100 new jobs and retaining 1,000 highly skilled positions in its York Mills office, including R&D and engineering roles. “The over $100 million investment in the next generation of our world-leading SelTracTM technology is hugely exciting – and we are grateful to the Government of Ontario and Invest Ontario for their support,” said Ziad Rizk, Managing Director, Urban Rail Signalling, Hitachi Rail . “By integrating AI, 5G, edge and cloud computing, our system will allow urban rail transportation operators around the globe to improve passenger journeys and operate more efficiently. This Ontario-invented technology is a Canadian success story that is creating jobs and boosting economic growth.” CBTC is a modern urban signalling system that uses wireless communication between trains and infrastructure to operate urban transit and subway systems more efficiently and safely than conventional signalling. SelTracTM, invented in Ontario, is the world’s first moving block CBTC signalling system, currently operating in more than 100 lines in 40 major cities around the world including the O-Train in Ottawa. Ontario, home to one of the largest tech clusters in North America, is renowned for its strength in AI, automation and connectivity technologies. The province’s expertise in smart mobility, combined with Hitachi Rail’s global competence centre, makes Ontario the natural place to develop next-generation digital solutions for urban rail and metros. “As one of the largest and most sought-after tech hubs in North America, Ontario is driving the development of next-generation technologies that will strengthen economic growth across key sectors, including automation and transportation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade . “Through Invest Ontario, we are proud to support Hitachi Rail’s expansion in Toronto and thank them for choosing our province as the ideal place for their continued growth and success.” The company’s York Mills office in Toronto serves as its engineering centre of excellence, equipped with state-of-the-art facilities including labs, testing areas, and simulation environments. This expansion adds to Hitachi Rail’s growing presence in Canada that includes around 1,200 employees across the country, who are delivering and maintaining major transit projects in Toronto, Vancouver, Montreal and Ottawa. Toronto is home to the company’s international urban transit signalling technology business, as well as large program teams based downtown and Mississauga that are delivering major new transit infrastructure, like the Ontario Line and Hurontario. “Under the leadership of Premier Ford, our government is investing $70 billion in the largest transit expansion in North America, connecting millions more Ontarians to reliable and affordable public transit. Today's announcement means Hitachi Rail will be helping even more workers gain the critical expertise needed to deliver Ontario's generational projects,” said Prabmeet Sarkaria, Minister of Transportation . “Hitachi Rail’s investment is a testament to Ontario’s strengths in future technologies that are transforming industries from manufacturing to transportation. We are excited to support the company in advancing a made-in-Ontario technology that keeps cities around the world on the move,” said Jennifer Block, Interim CEO of Invest Ontario . In support of this investment, Ontario is providing $4.5 million in funding through the Invest Ontario Fund . Contact: Adam Love, Hitachi Rail on +1 (437) 234 4024, adam.love@hitachirail.com Notes to the editors: Hitachi Rail invented moving block CBTC technology in 1974 in Toronto with the support of the Ontario government. Since then, it has evolved into the world's leading technology for urban rail and transit systems. The investment in G9 coincides with the 50 th anniversary of the invention of the original technology. We have deployed CBTC technology in Ottawa, Montreal, London, Hong Kong, Doha, New York, Chile, Malaysia, Saudi Arabia, Turkey and the UAE in the past 10 years. About Hitachi Rail Hitachi Rail is committed to driving the sustainable mobility transition and has a clear focus on partnering with customers to rethink mobility. Its mission is to help every passenger, customer and community enjoy the benefits of more connected, seamless and sustainable transport. With revenues of over €7bn and 24,000 employees across more than 50 countries, Hitachi Rail is a trusted partner to the world's best transport organisations. The company's reach is global, but the business is local - with success built on developing local talent and investing in people and communities. Its international capabilities and expertise span every part of the urban, mainline and freight rail ecosystems – from high quality manufacturing and maintenance of rolling stock to secure digital signalling, smart operations and payment systems. Hitachi Rail, famous for Japan's iconic high speed bullet train, draws on the digital and AI expertise of Hitachi Group companies to accelerate innovation and develop new technologies. Hitachi Group is present in 140 countries with over 270,000 employees and global revenues of €54.55bn / ¥8,564 bn. For more information, visit hitachirail.com . A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b33bb2d6-81f0-4e40-9dd0-f3e21c70080e

Welling scores 21 as Utah Valley takes down West Georgia 77-74Imagine sipping hot chocolate in the background of the Northern Lights, exploring sun-drenched islands or maybe enjoying a festive dinner on the sea. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Amber Alert canceled for 3 children last seen at Augusta County bus stop Amber Alert canceled for 3 children last seen at Augusta County bus stop ‘Deny,’ ‘defend’ and ‘depose’: Ammunition used in CEO’s killing had writing on it, AP source says ‘Deny,’ ‘defend’ and ‘depose’: Ammunition used in CEO’s killing had writing on it, AP source says Digging resumes in the search for a woman in a Pennsylvania sinkhole Digging resumes in the search for a woman in a Pennsylvania sinkhole Wind chill dropping to the teens Thursday night in Hampton Roads Wind chill dropping to the teens Thursday night in Hampton Roads John Hinckley Jr., who tried to kill Ronald Reagan, announces plans to open music store in Williamsburg John Hinckley Jr., who tried to kill Ronald Reagan, announces plans to open music store in Williamsburg Amazon same-day delivery center opens in Hampton — the 1st of its kind in Hampton Roads Amazon same-day delivery center opens in Hampton — the 1st of its kind in Hampton Roads Tommy Reamon retires after he ‘changed culture’ of Denbigh High football program Tommy Reamon retires after he ‘changed culture’ of Denbigh High football program Mel Jones discovered Lawrence Taylor, touched hundreds of lives during 46 years coaching at Lafayette High Mel Jones discovered Lawrence Taylor, touched hundreds of lives during 46 years coaching at Lafayette High Federal appeals court upholds law requiring sale or ban of TikTok in the U.S. Federal appeals court upholds law requiring sale or ban of TikTok in the U.S. An appeals court ruled there were issues with a man’s sentencing. Then the Norfolk judge increased it. An appeals court ruled there were issues with a man’s sentencing. Then the Norfolk judge increased it. Trending Nationally Gunman who killed UnitedHeathcare CEO Brian Thompson outside NYC Hilton left eerie message on bullets: NYPD sources Police may search a vehicle based on the smell of raw cannabis, Illinois Supreme Court rules Tsunami warning lifted for Bay Area coast after magnitude 7.0 earthquake rocks California’s northwest coast Boston City Councilor arrested by feds on corruption charges San Diego County’s GDP up to $261.7 billion — bigger than half of U.S. states

President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction

Stock market today: Wall Street hits records despite tariff talk

On Tuesday, the Federal Communications Commission (FCC) approved a license for and unit to provide supplemental internet coverage from space. According to , this is the first time the FCC has given a satellite operator and a cell carrier permission to provide coverage from space using spectrum bands allocated to terrestrial service. The goal of the partnership is to eliminate “dead zones” and provide coverage in remote areas. T-Mobile and SpaceX first announced the partnership in 2022. SpaceX CEO Elon Musk said at the time that by connecting many existing mobile devices to satellites, the two companies would end the need for cell towers and offer coverage where it doesn’t yet exist. FCC Chair Jessica Rosenworcel shared the following statement about the plans: “The FCC is actively promoting competition in the space economy by supporting more partnerships between terrestrial mobile carriers and satellite operators to deliver on a single network future that will put an end to mobile dead zones.” SpaceX satellites feature direct-to-cell technology that will work with T-Mobile’s existing network, which reaches hundreds of millions of Americans. That said, the cell carrier has noted that over 500,000 square miles of the US is still unreachable by towers. Sign up for the most interesting tech & entertainment news out there. By signing up, I agree to the and have reviewed the This approval comes just weeks after the FCC allowed Musk’s SpaceX and T-Mobile to provide direct-to-cell coverage for areas of North Carolina impacted by Hurricane Helene. T-Mobile and Starlink is the first approved partnership, but notes that other companies have sent in applications for similar services that are pending review by the FCC.LAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.

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LAS VEGAS (AP) — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. “As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It’s an honor for General Motors and Cadillac to join the world’s premier racing series, and we’re committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM’s engineering expertise and technology leadership at an entirely new level.” The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. “We’re excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. “Together, we’re assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world.” Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. “The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team,” Michael Andretti posted on social media. “I’m very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!” The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. Story continues below video There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti’s dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years and F1 initially denied the application despite approval from F1 sanctioning body FIA . The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they’ve already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti’s application was the only one of seven applicants to meet all required criteria to expand F1’s current grid. “General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. “Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024,” F1 said in a statement. “Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. “With Formula 1’s continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." AP auto racing: https://apnews.com/hub/auto-racingBy Noam N. Levey, KFF Health News Worried that President-elect Donald Trump will curtail federal efforts to take on the nation’s medical debt problem, patient and consumer advocates are looking to states to help people who can’t afford their medical bills or pay down their debts. “The election simply shifts our focus,” said Eva Stahl, who oversees public policy at Undue Medical Debt, a nonprofit that has worked closely with the Biden administration and state leaders on medical debt. “States are going to be the epicenter of policy change to mitigate the harms of medical debt.” New state initiatives may not be enough to protect Americans from medical debt if the incoming Trump administration and congressional Republicans move forward with plans to scale back federal aid that has helped millions gain health insurance or reduce the cost of their plans in recent years. Comprehensive health coverage that limits patients’ out-of-pocket costs remains the best defense against medical debt. But in the face of federal retrenchment, advocates are eyeing new initiatives in state legislatures to keep medical bills off people’s credit reports, a consumer protection that can boost credit scores and make it easier to buy a car, rent an apartment, or even get a job. Several states are looking to strengthen oversight of medical credit cards and other financial products that can leave patients paying high interest rates on top of their medical debt. Related Articles Some states are also exploring new ways to compel hospitals to bolster financial aid programs to help their patients avoid sinking into debt. “There’s an enormous amount that states can do,” said Elisabeth Benjamin, who leads health care initiatives at the nonprofit Community Service Society of New York. “Look at what’s happened here.” New York state has enacted several laws in recent years to rein in hospital debt collections and to expand financial aid for patients, often with support from both Democrats and Republicans in the legislature. “It doesn’t matter the party. No one likes medical debt,” Benjamin said. Other states that have enacted protections in recent years include Arizona, California, Colorado, Connecticut, Florida, Illinois, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, and Washington. Many measures picked up bipartisan support. President Joe Biden’s administration has proved to be an ally in state efforts to control health care debt. Such debt burdens 100 million people in the United States, a KFF Health News investigation found . Led by Biden appointee Rohit Chopra, the Consumer Financial Protection Bureau has made medical debt a priority , going after aggressive collectors and exposing problematic practices across the medical debt industry. Earlier this year, the agency proposed landmark regulations to remove medical bills from consumer credit scores. The White House also championed legislation to boost access to government-subsidized health insurance and to cap out-of-pocket drug costs for seniors, both key bulwarks against medical debt. Trump hasn’t indicated whether his administration will move ahead with the CFPB credit reporting rule, which was slated to be finalized early next year. Congressional Republicans, who will control the House and Senate next year, have blasted the proposal as regulatory overreach that will compromise the value of credit reports. And Elon Musk, the billionaire whom Trump has tapped to lead his initiative to shrink government, last week called for the elimination of the watchdog agency . “Delete CFPB,” Musk posted on X. If the CFPB withdraws the proposed regulation, states could enact their own rules, following the lead of Colorado, New York, and other states that have passed credit reporting bans since 2023. Advocates in Massachusetts are pushing the legislature there to take up a ban when it reconvenes in January. “There are a lot of different levers that states have to take on medical debt,” said April Kuehnhoff, a senior attorney at the National Consumer Law Center, which has helped lead national efforts to expand debt protections for patients. Kuehnhoff said she expects more states to crack down on medical credit card providers and other companies that lend money to patients to pay off medical bills, sometimes at double-digit interest rates. Under the Biden administration, the CFPB has been investigating patient financing companies amid warnings that many people may not understand that signing up for a medical credit card such as CareCredit or enrolling in a payment plan through a financial services company can pile on more debt. If the CFPB efforts stall under Trump, states could follow the lead of California, New York, and Illinois, which have all tightened rules governing patient lending in recent years. Consumer advocates say states are also likely to continue expanding efforts to get hospitals to provide more financial assistance to reduce or eliminate bills for low- and middle-income patients, a key protection that can keep people from slipping into debt. Hospitals historically have not made this aid readily available, prompting states such as California, Colorado, and Washington to set stronger standards to ensure more patients get help with bills they can’t afford. This year, North Carolina also won approval from the Biden administration to withhold federal funding from hospitals in the state unless they agreed to expand financial assistance. In Georgia, where state government is entirely in Republican control, officials have been discussing new measures to get hospitals to provide more assistance to patients. “When we talk about hospitals putting profits over patients, we get lots of nodding in the legislature from Democrats and Republicans,” said Liz Coyle, executive director of Georgia Watch, a consumer advocacy nonprofit. Many advocates caution, however, that state efforts to bolster patient protections will be critically undermined if the Trump administration cuts federal funding for health insurance programs such as Medicaid and the insurance marketplaces established through the Affordable Care Act. Trump and congressional Republicans have signaled their intent to roll back federal subsidies passed under Biden that make health plans purchased on ACA marketplaces more affordable. That could hike annual premiums by hundreds or even thousands of dollars for many enrollees, according to estimates by the Center on Budget and Policy Priorities, a think tank. And during Trump’s first term, he backed efforts in Republican-led states to restrict enrollment in their Medicaid safety net programs through rules that would require people to work in order to receive benefits. GOP state leaders in Idaho, Louisiana, and other states have expressed a desire to renew such efforts. “That’s all a recipe for more medical debt,” said Stahl, of Undue Medical Debt. Jessica Altman, who heads the Covered California insurance marketplace, warned that federal cuts will imperil initiatives in her state that have limited copays and deductibles and curtailed debt for many state residents. “States like California that have invested in critical affordable programs for our residents will face tough decisions,” she said. ©2024 KFF Health News. Distributed by Tribune Content Agency, LLC.

AUSTIN, Texas (AP) — Any Texas or Texas A&M player has heard the lore of the rivalry between the two schools, a grudge match that dates to 1894. But for more than a decade — two generations of college football players — that's all it has been: Ghostly memories of great games and great plays made by heroes of the distant past. That changes this week when one of college football's great rivalries is reborn. Third-ranked Texas (10-1, 6-1) and No. 20 Texas A&M (8-3, 5-2) meet Saturday night for the first time since 2011, with a berth in the Southeastern Conference championship game on the line . “Guys that have been in my position and bleed burnt orange, they have not gotten to play this game,” said Texas fourth-year junior safety Michael Taaffe, who grew up in Austin. “Remember them when you step on Kyle Field.” For Aggies fans, who have carried the misery of Texas' 27-25 win in 2011, getting the Longhorns back in front of a frenzied crowd in College Station is a chance for some serious payback. “I was born and raised an Aggie, so I’ve been dreaming about playing in this game my whole life,” Texas A&M offensive lineman Trey Zuhn III said. Zuhn played high school football in Colorado, but his parents and grandparents attended A&M. At SEC media days back in August, Zuhn said his family would turn Texas gear upside down in stores. He keeps a picture of a longhorn in his room, hanging upside down, of course. “It should be the most amazing atmosphere that I’ve ever experienced,” Zuhn said. "I can’t wait for that, and I feel bad for Texas having to play in that." Texas players said they are ready. “That place is going to be rocking,” Texas senior cornerback Jahdae Barron said. “It's good to go on the road and play in hostile environments.” The Longhorns have overcome big and loud road crowds before. They won at Alabama in 2023. They won at Michigan and Arkansas, another old rival, this year. The Longhorns have won 10 in a row on an opponent’s home field. “When the hate is on us, we love it. We enjoy it,” Taaffe said. But some former Texas players say the current group has faced nothing like what awaits them in College Station. Playing at Texas A&M is more than just noise and a lot of “Horns down” hand signals. The “Aggie War Hymn” fight song calls for Aggies to “Saw varsity’s horns off." Beating Texas is their passion, said former Longhorns All-American offensive lineman Dan Neil, who won at Texas A&M in in 1995. He calls that win one of the best of his career. “I was done showering and getting ready to leave, and their fans were still standing outside the locker room screaming and throwing things,” he said. “The (Texas) players have no idea what they are walking into. They have no clue. No one on that team has walked into that stadium in burnt orange.” The rivalry broke up when Texas A&M left the Big 12 for the SEC in 2012. The Aggies have twice finished tied for second but have otherwise found little success there. Texas is in its first year in the SEC and has smashed its way to the top. Texas is the only SEC team with one loss this late in the season, which would make beating Texas that much sweeter for A&M. “The hype is definitely saying it's a rivalry. History says it's a rivalry, but for us, it's the football game we have this week,” Texas senior center Jake Majors said. “It's important for us to not let the environment, the game, get the best of us. ... I get to go out there and play not only for me and my team, but for the guys who came before me, so that's a true honor to have.” Even though the game hasn't been played since 2011, there has always been an element of the rivalry simmering under the surface, Texas A&M coach Mike Elko said. Elko is in his first year as the Aggies' coach, but he was the Texas A&M defensive coordinator under Jimbo Fisher from 2018-2021. “Even though it hasn’t been played, it just doesn’t feel like it’s ever really left the fabric. I really don’t think it’s as removed from the psyche as maybe it feels,” Elko said. “I think our kids are very much aware of what this is all about.” Rieken reported from College Station, Texas. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

Stock market today: Rising tech stocks pull Wall Street to another record

The Times view on populist popularity: Reforming PoliticsImagine sipping hot chocolate in the background of the Northern Lights, exploring sun-drenched islands or maybe enjoying a festive dinner on the sea. Click to share on Facebook (Opens in new window) Click to share on X (Opens in new window) Most Popular Amber Alert canceled for 3 children last seen at Augusta County bus stop Amber Alert canceled for 3 children last seen at Augusta County bus stop ‘Deny,’ ‘defend’ and ‘depose’: Ammunition used in CEO’s killing had writing on it, AP source says ‘Deny,’ ‘defend’ and ‘depose’: Ammunition used in CEO’s killing had writing on it, AP source says Digging resumes in the search for a woman in a Pennsylvania sinkhole Digging resumes in the search for a woman in a Pennsylvania sinkhole Wind chill dropping to the teens Thursday night in Hampton Roads Wind chill dropping to the teens Thursday night in Hampton Roads John Hinckley Jr., who tried to kill Ronald Reagan, announces plans to open music store in Williamsburg John Hinckley Jr., who tried to kill Ronald Reagan, announces plans to open music store in Williamsburg Amazon same-day delivery center opens in Hampton — the 1st of its kind in Hampton Roads Amazon same-day delivery center opens in Hampton — the 1st of its kind in Hampton Roads Tommy Reamon retires after he ‘changed culture’ of Denbigh High football program Tommy Reamon retires after he ‘changed culture’ of Denbigh High football program Mel Jones discovered Lawrence Taylor, touched hundreds of lives during 46 years coaching at Lafayette High Mel Jones discovered Lawrence Taylor, touched hundreds of lives during 46 years coaching at Lafayette High Federal appeals court upholds law requiring sale or ban of TikTok in the U.S. Federal appeals court upholds law requiring sale or ban of TikTok in the U.S. An appeals court ruled there were issues with a man’s sentencing. Then the Norfolk judge increased it. An appeals court ruled there were issues with a man’s sentencing. Then the Norfolk judge increased it. Trending Nationally Gunman who killed UnitedHeathcare CEO Brian Thompson outside NYC Hilton left eerie message on bullets: NYPD sources Police may search a vehicle based on the smell of raw cannabis, Illinois Supreme Court rules Tsunami warning lifted for Bay Area coast after magnitude 7.0 earthquake rocks California’s northwest coast Boston City Councilor arrested by feds on corruption charges San Diego County’s GDP up to $261.7 billion — bigger than half of U.S. states

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