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49ers QB Brock Purdy remains severely limited by injury to his throwing shoulderBy JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Democrats and business groups warn of risks from Trump’s tariff threats Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. Trump wants much more far-reaching tariffs going forward The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.
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NEW YORK and LONDON , Dec. 11, 2024 /PRNewswire/ -- Pearl Diver Credit Company Inc. (NYSE: PDCC) (the "Company") has commenced an underwritten public offering of its Series A Preferred Stock Due 2029. Certain financial and other terms of the Series A Preferred Stock are to be determined by negotiations between the Company and the underwriters. Shares of the Series A Preferred Stock are rated 'BBB' by Egan-Jones Ratings Company, an independent rating agency. In addition, the Company plans to grant the underwriters a 30-day option to purchase additional shares of Series A Preferred Stock pursuant to the same terms and conditions. Shares of the Series A Preferred Stock are expected to be listed on the New York Stock Exchange and to trade thereon within 30 days of the original issue date under the ticker symbol "PDPA." Lucid Capital Markets, LLC ("Lucid"), B. Riley Securities, Inc. and Kingswood Capital Partners, LLC are acting as joint book-running managers and InspereX LLC and Janney Montgomery Scott LLC are acting as lead managers for the offering. The Company intends to use the proceeds from the offering to acquire investments in accordance with the investment objectives and strategies described in the prospectus supplement and for general working capital purposes. Investors should consider the Company's investment objectives, risks, charges and expenses carefully before investing. The preliminary prospectus, which has been filed with the Securities and Exchange Commission ("SEC"), contains this and other information about the Company and should be read carefully before investing. The information in the preliminary prospectus and this press release is not complete and may be changed. The preliminary prospectus and this press release are not offers to sell these securities and are not soliciting an offer to buy these securities in any state where such offer or sale is not permitted. A registration statement relating to these securities is on file with, but has not yet been declared effective by, the SEC. Copies of the preliminary prospectus (and the final prospectus, when available) may be obtained by writing to Lucid Capital Markets, LLC, 570 Lexington Avenue, New York, New York 10022, by calling Lucid toll-free at 646-362-0256 or by sending an e-mail to Lucid at prospectus@lucid.com . Copies also may be obtained on the SEC's website at www.sec.gov . Egan-Jones Ratings Company is a nationally recognized statistical rating organization (NRSRO). A security rating is not a recommendation to buy, sell or hold securities, and any such rating may be subject to revision or withdrawal at any time by the applicable rating agency. About Pearl Diver Credit Company Inc. Pearl Diver Credit Company Inc. (NYSE: PDCC) is an externally managed, non-diversified, closed-end management investment company. Its primary investment objective is to maximize its portfolio's total return, with a secondary objective of generating high current income. The Company seeks to achieve these objectives by investing primarily in equity and junior debt tranches of CLOs collateralized by portfolios of sub-investment grade, senior secured floating-rate debt issued by a large number of distinct US companies across several industry sectors. The Company is externally managed by Pearl Diver Capital LLP. For more information, visit www.pearldivercreditcompany.com . Forward-Looking Statements This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the prospectus and the Company's other filings with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE Investor Contact: Info@Pearldivercap.com UK: +44 (0)20 3967 8032 US: +1 617 872 0945 View original content to download multimedia: https://www.prnewswire.com/news-releases/pearl-diver-credit-company-inc-announces-offering-of-series-a-preferred-stock-302329464.html SOURCE Pearl Diver Credit Company Inc.AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for December 2024
BATON ROUGE, La. — Garrett Nussmeier passed for 277 yards and three touchdowns, including a pair of 40-plus-yard scoring strikes to Chris Hilton after being treated for a throwing shoulder injury, and LSU defeated Oklahoma 37-17 on Saturday night. Aaron Anderson returned a kickoff 100 yards for a score for LSU (8-4, 5-3 SEC), which closed out the regular season with two straight victories after a three-game skid had dropped the Tigers out of the AP Top 25. Nussmeier briefly left the game in the second quarter after a heavy blind-side sack by defensive end R Mason Thomas. The LSU QB went to the locker room for X-rays, which the team said were negative. He closed out his first series back in the game with a 40-yard touchdown pass deep down the right sideline to Hilton, putting LSU up 24-17 with 45 seconds left before halftime. Nussmeier found Hilton deep down the middle for a 45-yard touchdown on LSU's first drive of the third quarter to make it 31-17. Hilton, who missed LSU's first seven games with an ankle injury, entered the Tigers' regular season finale with just three catches for 45 yards without a TD this season. Against Oklahoma (6-6, 2-6), he caught two passes for 85 yards and two scores. LSU's Kyren Lacy caught three passes for 41 yards, including an 18-yard touchdown for the game's opening score. LSU wide receiver Chris Hilton Jr. (3) pulls in a touchdown reception over Oklahoma defensive back Eli Bowen (23) in the first half an NCAA college football game in Baton Rouge, La., Saturday, Nov. 30, 2024. Credit: AP/Gerald Herbert Playing for the first time in Tiger Stadium, Oklahoma briefly took a 14-10 lead on Xavier Robinson's 2-yard run, capping a drive that included Jackson's 50-yard completion deep down the middle to J.J. Hester. Anderson's blazing return of the ensuing kickoff put the Tigers right back in front, and LSU proceeded to pull away from a Sooners squad that was coming off a surprising 24-3 victory over Alabama a week earlier. Jackson Arnold passed for 110 yards and also was the Sooners' leading rusher with 75 yards on a combination of scrambles and designed runs. The Sooners tried to get creative offensively when they called for a pass by tight end Bauer Sharp, but his fluttering desperation pass as he was being pulled down was intercepted by safety Sage Ryan. Oklahoma defensive lineman R Mason Thomas (32) returns a fumble for a touchdown in the first half an NCAA college football game against LSU in Baton Rouge, La., Saturday, Nov. 30, 2024. Credit: AP/Gerald Herbert Thomas scored on a 9-yard return of Nussmeier's first-quarter fumble, which was caused by Gracen Halton's sack. That play gave Oklahoma defensive touchdowns in consecutive games. Takeaways Oklahoma: It was a rough first season in the SEC for Oklahoma, which wound up needed their late-season upset of the Crimson Tide just to become bowl eligible. LSU: After an spirited finish to a season that seemed to be going off the rails three weekends ago, the Tigers have a chance to reach nine victories for a third straight season. Up next Both teams await bowl bids following next weekend's conference championship games.
Awards season has arrived in the form of the Golden Globes nominations. The awards, which honor both movies and television programs, is often viewed as a preview of the upcoming Oscars. In this week's episode, co-hosts Bruce Miller and Terry Lipshetz go over the list, focusing largely on the movies, which tend to shine brightest at the ceremony. But they also take time to review a few of the TV shows, including the great, but rarely funny "The Bear," which is again in the comedy or musical category. We also have an interview with "Nickel Boys" director RaMell Ross, who spoke with Miller prior to the film receiving a nomination for best drama. Miller also talked with Aunjanue Ellis-Taylor, who starred in the film. “Wicked”; “Anora”; “Emilia Perez”; “Challengers”; “A Real Pain”; “The Substance” “The Brutalist”; “A Complete Unknown,”; “Conclave”; “Dune: Part Two”; “Nickel Boys;” “September 5” Jesse Eisenberg, “A Real Pain”; Hugh Grant, “Heretic”; Gabriel LaBelle, “Saturday Night; Jesse Plemons, “Kinds of Kindness”’ Glen Powell, “Hitman”; Sebastian Stan, “A Different Man” Amy Adams, “Nightbitch”; Cynthia Erivo, “Wicked”; Karla Sofia Gascón, “Emilia Pérez”; Mikey Madison “Anora”; Demi Moore, “The Substance”; Zendaya, “Challengers” Pamela Anderson, “The Last Showgirl′′; Angelina Jolie, ”Maria”; Nicole Kidman, “Babygirl”; Tilda Swinton, “The Room Next Door”; Fernanda Torres, “I’m Still Here”; Kate Winslet, “Lee” Adrien Brody, “The Brutalist”; Timothée Chalamet, “A Complete Unknown’; Colman Domingo, “Sing Sing”; Ralph Fiennes, “Conclave”; Sebastian Stan, “The Apprentice’’ “Alien: Romulus”; Beetlejuice Beetlejuice”; Deadpool & Wolverine”; “Gladiator II”; “Inside Out 2”; “Twisters”; “Wicked”; “The Wild Robot” “All We Imagine As Light′′; ”Emilia Pérez”; “The Girl With the Needle”; “I’m Still Here”; “The Seed of the Sacred Fig”; “Vermiglio” “Flow”; “Inside Out 2”; “Memoir of a Snail”; “Moana 2”; “Wallace and Gromit: Vengeance Most Fowl”; “The Wild Robot” Selena Gomez, ”Emilia Pérez”; Ariana Grande, “Wicked”; Felicity Jones, “The Brutalist”; Margaret Qualley, “The Substance”; Isabella Rossellini, “Conclave”; Zoe Saldaña, ”Emilia Pérez” Yura Borisov, “Anora”; Kieran Culkin, “A Real Pain”; Edward Norton, “A Complete Unknown”; Guy Pearce, “The Brutalist”; Jeremy Strong, ”The Apprentice”; Denzel Washington, “Gladiator II” Jacques Audiard, “Emilia Pérez”; Sean Baker, ”Anora”; Edward Berger, “Conclave”; Brady Corbet, “The Brutalist”; Coralie Fargeat, “The Substance”; Payal Kapadia, “All We Imagine As Light” Jacques Audiard, “Emilia Pérez”; Sean Baker, ”Anora”; Brady Corbet, Mona Fastvold, “The Brutalist”; Jesse Eisenberg, “A Real Pain”; Coralie Fargeat, “The Substance”; Peter Straughan, “Conclave” Volker Bertelmann, “Conclave”; Daniel Blumberg, “The Brutalist”; Kris Bowers, “The Wild Robot”; Clement Ducol, Camille “Emilia Pérez”; Trent Reznor, Atticus Ross, “Challengers”; Hans Zimmer, “Dune: Part Two” “Beautiful That Way” from “The Last Showgirl” (music/lyrics by Andrew Wyatt, Miley Cyrus, Lykke Zachrisson); “Compress/Repress” from “Challengers’ (music/lyrics by Trent Reznor, Atticus Ross, Luca Guadagnino; “El Mal” from EL MAL” from “Emilia Pérez” (music/lyrics by Clément Ducol, Camille, Jacques Audiard; “Forbidden Road” from ”Better Man′′ (music/lyrics by Robbie Williams, Freddy Wexler, Sacha Skarbek); “Kiss the Sky” from “The Wild Robot′′ (music/lyrics by Delacey, Jordan K. Johnson, Stefan Johnson, Maren Morris, Michael Pollack, Ali Tamposi); ”Mi Camino′′ from “Emilia Pérez” (music/lyrics by Clément Ducol, Camille) “Shogun”; “The Diplomat”; “Slow Horses”; “Mr. and Mrs. Smith”; “The Day of the Jackal”; “Squid Game” “Abbott Elementary”; “The Bear; “Hacks”; “Nobody Wants This”; “Only Murders in the Building”; “The Gentlemen” Donald Glover, “Mr. and Mrs. Smith”; Jake Gyllenhaal, “Presumed Innocent”; Gary Oldman, “Slow Horses”; Eddie Redmayne, “The Day of the Jackal”; Hiroyuki Sanada, “Shogun”; Billy Bob Thornton, “Landman” Kathy Bates, “Matlock”; Emma D’Arcy, “House of the Dragon”; Maya Erskine, “Mr. & Mrs. Smith”; Keira Knightley, “Black Doves”; Keri Russell, “The Diplomat”; Anna Sawai, “Shogun” Kristen Bell, “Nobody Wants This”; Quinta Brunson, “Abbott Elementary”; Ayo Edebiri, “The Bear”; Selena Gomez, “Only Murders in the Building”; Kathryn Hahn, “Agatha All Along”; Jean Smart, “Hacks” Adam Brody, “Nobody Wants This”; Ted Danson, “A Man on the Inside”; Steve Martin, “Only Murders in the Building”; Jason Segel, “Shrinking”; Martin Short, “Only Murders in the Building”; Jeremy All White, “The Bear” “Baby Reindeer”; Disclaimer"; “Monsters: The Lyle and Erik Menendez Story”; “The Penguin”; “Ripley”; “True Detective: Night Country” Cate Blanchett, “Disclaimer''; Jodie Foster, ”True Detective: Night Country"; Cristin Milioti, “The Penguin''; Sofia Vergara, ”Griselda"; Naomi Watts, “Feud: Capote vs. The Swans”; Kate Winslet, “The Regime” Colin Farrell, “The Penguin”; Richard Gadd, “Baby Reindeer”; Kevin Kline, “Disclaimer”; Cooper Koch, “Monsters: The Lyle and Erik Menendez Story”; Ewan McGregor, “A Gentleman in Moscow”; Andrew Scott, “Ripley” Liza Colón-Zayas, “The Bear”; Hannah Einbinder, “Hacks”; Dakota Fanning, “Ripley”; Jessica Gunning, “Baby Reindeer”; Allison Janney, “The Diplomat”; Kali Reis, “True Detective: Night Country” Tadanobu Asano, “Shogun''; Javier Bardem, “Monsters: The Lyle and Erik Menendez Story”; Harrison Ford, “Shrinking”; Jack Lowden “Slow Horses”; Diego Luna, “La Maquina”; Ebon Moss-Bachrach, “The Bear” Jamie Foxx, “Jamie Foxx: What Had Happened Was”; Nikki Glaser, “Nikki Glaser: Someday You'll Die”; Seth Meyers, “Seth Meyers: Dad Man Walking”; Adam Sandler, "Adam Sandler: Love You"; Ali Wong, “Ali Wong: Single Lady”; Ramy Youssef, “Ramy Youssef: More Feelings” —List compiled by The Associated Press Receive the latest in local entertainment news in your inbox weekly!Ohio State, Michigan players involved in postgame scuffle
By JOSH BOAK WASHINGTON (AP) — Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different . The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he’ll do what he says and what the consequences could be. “There’s going to be a lot more tariffs, I mean, he’s pretty clear,” said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25% tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. Those tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his initial term. Chinese imports would face additional tariffs of 10% until Beijing cracks down on the production of materials used in making fentanyl, Trump posted. Business groups were quick to warn about rapidly escalating inflation , while Mexican President Claudia Sheinbaum said she would counter the move with tariffs on U.S. products. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Sheinbaum said Wednesday that her administration is already working up a list of possible retaliatory tariffs “if the situation comes to that.” “The economy department is preparing it,” Sheinbaum said. “If there are tariffs, Mexico would increase tariffs, it is a technical task about what would also benefit Mexico,” she said, suggesting her country would impose targeted import duties on U.S. goods in sensitive areas. House Democrats on Tuesday introduced a bill that would require congressional approval for a president to impose tariffs due to claims of a national emergency, a largely symbolic action given Republicans’ coming control of both the House and Senate. “This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs,” said Rep. Suzan DelBene, D-Wash. But for Trump, tariffs are now a tested tool that seems less politically controversial even if the mandate he received in November’s election largely involved restraining inflation. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second largest economy. Biden administration officials looked at removing Trump’s tariffs in order to bring down inflationary pressures, only to find they were unlikely to help significantly. Tariffs were “so new and unique that it freaked everybody out in 2017,” said Stumo, but they were ultimately somewhat modest. Trump imposed tariffs on solar panels and washing machines at the start of 2018, moves that might have pushed up prices in those sectors even though they also overlapped with plans to open washing machine plants in Tennessee and South Carolina. His administration also levied tariffs on steel and aluminum, including against allies. He then increased tariffs on China, leading to a trade conflict and a limited 2020 agreement that failed to produce the promised Chinese purchases of U.S. goods. Still, the dispute changed relations with China as more U.S. companies looked for alternative suppliers in other countries. Economic research also found the United States may have sacrificed some of its “soft power” as the Chinese population began to watch fewer American movies. The Federal Reserve kept inflation roughly on target, but factory construction spending never jumped in a way that suggested a lasting gain in manufacturing jobs. Separate economic research found the tariff war with China did nothing economically for the communities hurt by offshoring, but it did help Trump and Republicans in those communities politically. When Trump first became president in 2017, the federal government collected $34.6 billion in customs, duties and fees. That sum more than doubled under Trump to $70.8 billion in 2019, according to Office of Management and Budget records. While that sum might seem meaningful, it was relatively small compared to the overall economy. America’s gross domestic product is now $29.3 trillion, according to the Bureau of Economic Analysis. The total tariffs collected in the United States would equal less than 0.3% of GDP. The new tariffs being floated by Trump now are dramatically larger and there could be far more significant impacts. If Mexico, Canada, and China faced the additional tariffs proposed by Trump on all goods imported to the United States, that could be roughly equal to $266 billion in tax collections, a number that does not assume any disruptions in trade or retaliatory moves by other countries. The cost of those taxes would likely be borne by U.S. families, importers and domestic and foreign companies in the form of higher prices or lower profits. Former Biden administration officials said they worried that companies could piggyback on Trump’s tariffs — if they’re imposed — as a rationale to raise their prices, just as many companies after Russia’s invasion of Ukraine in 2022 boosted food and energy costs and gave several major companies the space to raise prices, according to their own earnings calls with investors. But what Trump didn’t really spell out is what might cause him to back down on tariffs and declare a victory. What he is creating instead with his tariff threats is a sense of uncertainty as companies and countries await the details to figure out what all of this could mean. “We know the key economic policy priorities of the incoming Trump administration, but we don’t know how or when they will be addressed,” said Greg Daco, chief U.S. economist at EY-Parthenon. AP writer Mark Stevenson contributed to this report from Mexico City.