Trump says his inauguration will be indoors

WASHINGTON (Reuters) – U.S. President-elect Donald Trump said on Friday his inauguration will be held indoors because of severe cold and the presidential parade will be held at a nearby sports arena. “I have ordered the Inauguration Address, in addition to prayers and other speeches, to be delivered in the United States Capitol Rotunda, as was used by Ronald Reagan in 1985, also because of very cold weather. The various Dignitaries and Guests will be … Read more…

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Vanguard to pay $106 million in SEC accord after saddling investors with big tax bills

By Chris Prentice and Jonathan Stempel (Reuters) -Vanguard Group will pay $106.4 million to settle U.S. Securities and Exchange Commission charges alleging it failed to disclose important tax information about its popular target-date funds, resulting in hundreds of thousands of ordinary investors getting stuck with inflated tax bills. The settlement stemmed from Vanguard’s December 2020 decision to reduce the minimum investment in lower-cost fund classes meant for institutional clients to $5 million from $100 million. … Read more…

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Explainer-What Wegovy’s inclusion in Medicare price negotiation means for patients, company

(Reuters) – The U.S. government on Friday announced a list of 15 prescription medicines targeted for Medicare price negotiations for 2027, which includes Novo Nordisk’s blockbuster weight-loss drug Wegovy.Here’s what Wall Street analysts say about the inclusion: WHAT IT MEANS FOR PATIENTSThe potential for more aggressive price cuts would enable wider access to GLP-1 drugs – the same class of drugs as Ozempic and Wegovy – for people over the age of 65. Medicare prescription … Read more…

Biden boosts loan for ioneer’s Nevada lithium mine to nearly $1 billion

By Ernest Scheyder (Reuters) – The U.S. Department of Energy has finalized a $996 million loan for ioneer’s Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296 million from a preliminary funding offer and a move aimed at boosting President Joe Biden’s green energy legacy. Shares of ioneer jumped 15% to $4.96 during Friday afternoon trading in New York. Scant U.S. production of lithium, an ultralight metal used to make … Read more…

Post Election Jitters – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) The Dow Jones Industrial Average gave up nearly 700 points Friday, while the S&P 500 saw its 2025 gain evaporate, down 1.5%. The Nasdaq was off an alarming 1.6%. The market was closed Thursday in honor of the passing of President Jimmy Carter. The 10-year Treasury yield hit its highest point since 2023 touching a 14 month peak and finishing at 4.784%. Even the 30-year crested 5%, closing at … Read more…

Billionaire McCourt open to keeping original investors in any TikTok deal

By Dawn Chmielewski (Reuters) – Businessman Frank McCourt is “open-minded” to keeping TikTok’s existing investors, including the founder, involved after any deal to buy the U.S. operations of the Chinese-owned short-form video app, the U.S. billionaire told Reuters on Thursday. McCourt said in an interview his consortium has made a formal offer to buy TikTok from its Chinese parent company ByteDance, confirming reports that it values the app without its algorithm at around $20 billion. … Read more…

Trump Treasury pick Bessent faces Senate grilling on taxes, trade, deficits

By David Lawder WASHINGTON (Reuters) – President-elect Donald Trump’s pick for Treasury secretary, hedge fund manager Scott Bessent, vowed to maintain the dollar’s status as the world’s reserve currency as he prepared to face questions from U.S. senators on Thursday on how he will implement Trump’s tax cut, tariff and deregulation plans. Bessent’s testimony at a Senate Finance Committee confirmation hearing at 10:30 a.m. EST (1530 GMT) will have financial markets on edge amid worries … Read more…

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Microsoft to now include Copilot in Microsoft 365 for consumers

(Reuters) – Microsoft said on Thursday that it is now including Copilot AI features to its Microsoft 365 suite for individual consumers, a day after it rolled out on-demand AI agents for businesses. The Windows-maker will give its customers an option to either choose a Microsoft 365 subscription plan with Copilot AI features or one without it. It will also increase the prices of subscription plans in the U.S. by $3. Copilot will assist users … Read more…

Novo Holdings looks to double Catalent size with eye on Trump US manufacturing focus

By Patrick Wingrove (Reuters) – Novo Holdings, the controlling shareholder of Novo Nordisk, hopes to double the size of its recently acquired contract drugmaker Catalent over five years, a senior partner at the investment firm said, as it prepares for a likely focus on U.S. manufacturing by President-elect Donald Trump. Novo Holdings last month closed a $16.5 billion deal to buy U.S.-based Catalent. The firm then sold three of Catalent’s plants used to complete the … Read more…

Trump’s US Treasury pick Bessent says extending tax cuts a top priority

(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax cuts that are set to expire at the end of this year is “the single most important economic issue of the day.”  “If we do not renew and extend, then we will be facing an economic calamity,” Bessent told the U.S. Senate Finance Committee. “We will see a gigantic middle class tax increase.” … Read more…

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