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President Emmanuel Macron on Thursday vowed to name a new prime minister in the coming days to prevent France from sliding deeper into political turmoil, rejecting growing pressure from the opposition to resign. Macron adopted a defiant tone in an address to the nation, seeking to limit an escalating political crisis after Prime Minister Michel Barnier's government was ousted in a historic no-confidence vote. Contemporary France's shortest-serving premier, Barnier resigned after Wednesday's parliamentary defeat in a standoff over the budget forced his government to step down, the first such toppling of a French administration in over 60 years. Macron now faces the task for the third time this year of selecting a new prime minister and did not come up with a name in his address. "I will appoint a prime minister in the coming days," he said, adding this person would be charged with forming a "government of general interest" with a priority of passing a budget. He also lashed out at the French far right and hard left for uniting in an "anti-republican front" to bring down the government. He said lawmakers had "knowingly" chosen "to topple the budget and the government just days before the Christmas holidays." The French presidency said earlier that Barnier and his ministers would remain "in charge of daily business until the appointment of a new government". Limiting any impression of political chaos is all the more important for Macron given that on Saturday he will host world leaders -- including US President-elect Donald Trump -- for the reopening of the Notre Dame cathedral in Paris after a devastating 2019 fire. Pointing to how the edifice was rebuilt within the five-year timeline he had set, Macron said: "It's the proof we're able to do great things, that we can do the impossible." In an unusual move, Foreign Minister Jean-Noel Barrot, France's top diplomat for just two-and-a-half months, urged unity in a message on social media, saying "instability is vulnerability" at a time of international uncertainty. A majority of lawmakers on Wednesday supported the no-confidence vote proposed by the hard left and backed by the far right headed by Marine Le Pen. Barnier's ejection in record time came after snap parliamentary elections in June resulted in a hung parliament. No political force was able to form an overall majority and the far right held the key to the government's survival. The trigger for Barnier's ouster was his 2025 budget plan, including austerity measures unacceptable to a majority in parliament, but which he argued were necessary to stabilise France's finances. On Monday he forced through a social security financing bill without a vote, but the ousting of the government means France is still without a budget. New legislative elections cannot be called until a year after the previous ones in summer 2024. But while Macron has more than two years of his presidential term left, some opponents are calling on him to resign to break the deadlock. According to a poll by Odoxa-Backbone Consulting for Le Figaro daily, 59 percent of French want the president to step down, while a survey by Harris for RTL put the figure even higher, at 64 percent. Bur Macron said: "The mandate that you gave to me democratically (in 2022 elections) is a five-year mandate and I will exercise it fully, right up to the end." "The 30 months we have ahead of us must be 30 months of useful action for the country." But he admitted his decision to call snap parliamentary elections this summer that resulted in a hung parliament "was not understood". "Many have blamed me for it and I know, many continue to blame me. It's a fact and it's my responsibility," he said. Hard-left leader Jean-Luc Melenchon said that Macron was the "cause of the problem" in France "and would go due to the force of events" before his term ends. Barnier is Macron's fifth prime minister since coming to power in 2017. Each successive premier has served for a shorter period and, given the composition of the National Assembly, there is no guarantee that Barnier's successor would last any longer. Loyalist Defence Minister Sebastien Lecornu and Macron's centrist ally Francois Bayrou have been touted as possible contenders, as has former Socialist premier and interior minister Bernard Cazeneuve. Bayrou, who leads the MoDem party, had lunch with the president at the Elysee, a source close to him told AFP. sjw/ah/gv
Just over an hour after details of his first cabinet were announced, Bayrou went on live national television to explain the logic of recalling several names from previous administrations such as former prime ministers Elisabeth Borne, Manuel Valls. “I think we're in the most difficult situation we've been in since the second world war," Bayrou told journalists Apolline de Malherbe and Benjamin Duhamel on BMF TV . "It is a country that has no budget, no majority, in which a large number of French people think and believe that they are being left out, that no attention is being paid to them." Bayrou said that Borne, who was premier between May 2022 and January 2024, would be his de facto number two. “The country's number one challenge is education,” Bayrou added. During the 90-minute interview, Bayrou attempted to present himself as a centrist, unifying figure. "If we want to fight the immense problems France is facing at the moment, we cannot let disagreements rule," he said. The return of Valls came as a surprise. The 62-year-old served as François Hollande's premier between April 2014 and December 2016 and will take over as overseas territories minister after nearly a decade away from the white heat of power. His priority will be to implement the rescue package for the battered Indian Ocean archipelago of Mayotte where Cyclone Chido left at least 35 dead and more than 2,500 injured. "One of the most pressing issues for this country are overseas territories," Bayrou insisted. "They are very fragile, very destabilised societies, which feel that no one is looking after them." France's Prime Minister Bayrou names new cabinet The 73-year-old, who heads the liberal Democratic Movement (MoDem) party, denied he had succumbed to any influence from Marine Le Pen's National Rally on the composition of his government as claimed by the former minister Xavier Bertrand. But there were acknowledged hard line operators at the interior and justice ministries. Gérald Darmanin, who served as Interior Minister between July 2020 and September 2024 under three prime ministers, returned to the government as Justice Minister – the post that had seemed destined for Bertrand. Bruno Retailleau, a conservative who has vowed to crack down on illegal immigration, retains his post as Interior Minister. Bayrou also promised to not use the controversial 49.3 article of the French Constitution which allows the government to bypass MPs in parliament unless he was completely blocked. He told the interviewers that he did not want to slap new taxes on businesses but conceded the country's deficits had to be addressed. Named by President Emmanuel Macron on 13 December to replace Michel Barnier, Bayrou will head the fourth government of the year. Criticisms The leader of the National Rally, Jordan Bardella, accused him of having formed the coalition of failure. Marine Tondelier, the Green Party chief, condemned him for placing himself in the hands of the far right. The leader of the France Unbowed (LFI) MPs, Mathilde Panot, said: "It is a government filled with people rejected at the ballot box who have contributed to sinking our country ... with the support of Marine Le Pen and the National Rally." Right-wing LR members of parliament have said they will not rule out withdrawing their support for Bayrou's government. "We will be very demanding," added LR's Laurent Wauquiez. The government will meet for the first time on 3 January and Bayrou is expected to give a policy speech to parliament on 14 January. LFI MPs say they will table a motion of no confidence against Bayrou and his government as soon as possible.LOS ANGELES (AP) — Hannah Hidalgo scored 24 points and No. 6 Notre Dame defeated JuJu Watkins and third-ranked Southern California 74-61 on Saturday in a marquee matchup on the West Coast. Watkins and the Trojans (4-1) fell behind early and were down 21 points in the fourth quarter. She had 24 points, six rebounds and five assists. Hidalgo came out shooting well, hitting 5 of 8 from the floor in the first quarter and had 16 points at the break. She added six rebounds and eight assists. Hidalgo's backcourt mate, Olivia Miles, added 20 points, eight rebounds and seven assists for the Fighting Irish (5-0). Even though Hidalgo outshone her, Watkins’ imprint was all over the game. A documentary about her life aired on NBC leading into the nationally televised game. A buzz arose when Snoop Dogg walked in shortly before tipoff wearing a jacket in USC colors with Watkins' name and number on the front and back. Her sister, Mali, sang the national anthem. Notre Dame: The Irish struck quickly, racing to a 20-10 lead in the opening quarter. Even after cooling off a bit, they never trailed and stayed poised when the Trojans got within three in the second and third quarters. USC: The Trojans were without starting guard Kennedy Smith, whose defense on Hidalgo would have proven valuable. It was announced shortly before tipoff that she had a surgical procedure and will return at some point this season. The Trojans got within three points three times but the Irish remained poised and never gave up the lead. Notre Dame's defense forced the Trojans into 21 turnovers, which led to 22 points for the Irish. Watkins, Kaleigh Heckel and Talia von Oelhoffen had five each. USC was just 1 of 13 from 3-point range Notre Dame plays TCU on Nov. 29 in the Cayman Islands Classic. USC plays Seton Hall in the Women's Acrisure Holiday Invitational on Nov. 27 in Palm Desert, California. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP women’s college basketball: https://apnews.com/hub/ap-top-25-womens-college-basketball-poll and https://apnews.com/hub/womens-college-basketball
Oakland City Council President Nikki Fortunato Bas announced she had won the District 5 seat on the Alameda County Board of Supervisors race despite it being too close to call. In a social media post, Bas told her supporters that her opponent, Emeryville Council Member John Bauters, called her and said he was conceding the race. However, according to the latest figures from the Alameda County Registrar of Voters, only 415 votes separate the pair. Watch NBC Bay Area News 📺 Streaming free 24/7 Bauters has not publicly conceded the race or responded to NBC Bay Area's request for comment on Saturday. "Please join me in thanking John for his years of public service and a hard-fought campaign," Bas said. In these challenging times, we should all continue to welcome ideas, visions, and solutions for our communities to consider and rally around." Join me in thanking John Bauters for his years of public service and a hard-fought campaign. The issues and needs facing our beloved East Bay are complex, dynamic, and challenging. It will take all of our hard work, together — and I will be a Supervisor for all of us. pic.twitter.com/0Py80yEawO Bas initially declared she had won on Wednesday and said it appeared the county's voters selected her. "I will bring an unflagging commitment and engage the community to serve every resident by expanding affordable housing and effective solutions to homelessness, accessible healthcare, good jobs, and safe communities," Bas wrote on social media platform X. One year ago, I answered the call from community-based advocates and Labor leaders to advance a vision of an equitable, prosperous and healthy future for every Alameda County family. pic.twitter.com/ipB3369umY Bas' potential win would see her take the board seat held by Keith Carson since 1992. Carson announced earlier this year that he would retire. A final vote update from the registrar is expected on Dec. 3. The county must certify all election results by Dec. 5. If Bas wins the supervisorial seat, it will have major implications for Oakland after voters recalled embattled Mayor Sheng Thao. Thao had served less than two years in her first term, and organizers for her recall have blamed the mayor for the city's crime spikes and financial instability. Thao announced earlier this month that she accepted voters decided to recall he r, but she touted and defended her record. According to city policies, Bas would be next in line to be interim mayor as Oakland Council president. However, if Bas wins the District 5 seat, the city council will have to elect a new president. Whoever is chosen as president of the council will also have to serve as interim mayor until a special election is held to find a permanent replacement for Thao. Although Thao was recalled, there is no ban on her running again for mayor in the special election of 2025 or in 2026. Currently, Bas also holds the District 2 seat and would have to give it up if selected to represent District 5. "The issues and needs facing our beloved East Bay are complex, dynamic, and challenging," Bas said. It will take all of our hard work together -- and I will be a Supervisor for all of us."BJP dreaming to win polls with money power: Bengal party MLA after bypoll lossNetflix continues to express confidence that its streaming platform is prepared to handle the massive audiences expected for a pair of Christmas Day NFL games along with the start of its live coverage of the World Wrestling Entertainment's "Raw" next month. Concerns were raised after users experienced issues with buffering and low quality feeds during the Jake Paul-Mike Tyson boxing match last month. Netflix has exclusive rights to stream NFL games on Christmas Day between the Kansas City Chiefs at the Pittsburgh Steelers and the Baltimore Ravens at the Houston Texans. Beyonce is scheduled to perform during halftime of the Ravens-Texans game, which could create more server traffic Netflix must take into account. It's a major test after the company reported an average global live audience of 108 million viewers for Paul's victory over Tyson in Arlington, Texas. Downdetector.com , which tracks service outages, announced that there were 90,000 issues reported at one point. "It was a big number, but you don't know, and you can't learn these things until you do them, so you take a big swing," Netflix chief content officer Bela Bajaria told Front Office Sports. "Our teams and our engineers are amazing, moved super quickly, and stabilized it, and many of the members had it back up and running pretty quickly. But we learn from these things. "We've all obviously done a lot of stuff to learn and get ready for the NFL and Beyonce, and so we're totally ready and excited for WWE." WWE president Nick Khan told FOS that Raw's tone and content will not change as it moves to the streaming service, with its first event of 2025 scheduled for Jan. 6. "There's some online chatter about, ‘oh, it's going to be R-rated, or for us old folks, X-rated.' That's definitely not happening," Khan said. "It's family-friendly, multi-generational, advertiser-friendly programming. It's going to stay that way. I would look for more global flair, especially as the relationship continues to develop." --Field Level Media
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FOSTER CITY, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity, today announced that it has granted as of December 1, 2024 an equity inducement award to a new employee under the terms of the 2022 Employment Inducement Award Plan, as amended (the “Inducement Plan”). The equity award was approved by the Compensation Committee of the Company’s Board of Directors in accordance with Nasdaq Listing Rule 5635(c)(4) and was made as a material inducement to the employee’s acceptance of employment with Terns. The Company granted options to purchase 150,000 shares of Terns common stock to the new employee. The options have a 10-year term and an exercise price per share equal to $6.24, which was the closing price of Terns’ common stock on November 29, 2024, which was the last trading day prior to the date of grant. The options vest over four years, subject to the employee’s continued service through the applicable vesting dates. About Terns Pharmaceuticals Terns Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company developing a portfolio of small-molecule product candidates to address serious diseases, including oncology and obesity. Terns’ pipeline contains three clinical stage development programs including an allosteric BCR-ABL inhibitor, a small-molecule GLP-1 receptor agonist, a THR-β agonist, and a preclinical GIPR modulator discovery effort, prioritizing a GIPR antagonist nomination candidate. For more information, please visit: www.ternspharma.com . Contacts for Terns Investors Justin Ng investors@ternspharma.com Media Jenna Urban Berry & Company Public Relations media@ternspharma.comNew Zealand laboured to a 29-11 win over a brave, battling Italy on Saturday as the All Blacks wrapped up their autumn series with a win and farewelled veterans Sam Cane and TJ Perenara. The visitors had been expected to take out their disappointment from the loss to France last weekend on an Italian side which had struggled in their two recent games, and getting a comeback Instead, it was Italy who looked the better side at the start, taking a 6-3 lead early on before New Zealand finally found two tries from Cam Roigard and Will Jordan, both converted by Beauden Barrett, to go in 17-6 up at the break. Italy again came out stronger, camping out on the All Blacks' line but failing to make it count and the second half was 30 minutes old before Mark Tele'a's try increased the visitors' lead, with Tommaso Menoncello then going over for Italy before a late Barrett try. Read more: -
Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.