ibt-mailDec 17, 2024, 10:08 AM

TikTok Asks Supreme Court To Temporarily Block Looming US Ban

Newsletter Dec 17, 2024 Quick Six TikTok asks Supreme Court to temporarily ban block in US TikTok asked the Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell

Newsletter Dec 17, 2024

Quick Six

TikTok asks Supreme Court to temporarily ban block in US
TikTok asked the Supreme Court on Monday to temporarily block a law that would force its Chinese owner to sell the popular online video-sharing platform or shut down a month from now. The law, signed by President Joe Biden in April, would block TikTok from US app stores and web hosting services unless owner ByteDance divests from the app by January 19. TikTok asked for the move to be put on hold while it challenges a lower court ruling that upheld the Protecting Americans from Foreign Adversary Controlled Applications Act, potentially with an appeal to the Supreme Court itself. TikTok asked the nation's top court to decide by January 6.
SEE HOW THE TRUMP ADMIN COULD IMPACT THE CASE

Softbank CEO vows to invest $100B in US after Trump meet
President-elect Donald Trump met with SoftBank Group CEO Masayoshi Son on Monday to announce the Japanese company is investing $100 billion in projects based in the US in the next four years. The SoftBank Group, which has $30 billion of cash on hand, said that its American investments could create 100,000 jobs in artificial intelligence before 2029. Trump has promised to expedite permitting to companies that invests $1 billion in the US.
SEE SOME OTHER SOFTBANK INVESTMENTS IN THE US

Cocoa prices soar globally in bad news for chocolate lovers
Cocoa futures continue to rise to new records, with experts forecasting that the global supply demands will worsen the increasing costs for chocolate. Cocoa futures rose as much as 5.5% to $11,925 a ton on Monday, breaking April's record. Prices have nearly tripled, causing chocolatiers like Hershey Corporation and Lindt & Spruengli to increase prices. West Africa accounts for almost 60% of the worldwide production of cocoa beans.
WHAT FACTORS ARE CAUSING COCOA PRICES TO SOAR?

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DJIA	43,717.48	-0.25%
S&P 500	6,074.08	0.38%
Nasdaq Composite	20,173.89	1.24%
Japan: Nikkei 225	39,457.49	-0.03%
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Euro	1.05	0.04%
* As of market close

Female teen school shooter kills 2, herself

The 17-year-old female accused of carrying out a mass shooting at a Wisconsin Christian school died from a self-inflicted gunshot wound. The unnamed teen girl appeared to die by suicide at the Abundant Life Christian School in Madison, Wisconsin, after killing a teacher and student, and injuring six others with a 9 mm handgun Monday morning. Two people remained in critical condition and four others remained hospitalized with non-life-threatening injuries. It is the latest in a long line of school shootings in the US, where guns outnumber people and attempts to restrict firearm access face perennial political deadlock.

GET THE LATEST DETAILS POLICE KNOW ABOUT THE SHOOTER

Trump may nominate Dem to head FEMA

President-elect Donald Trump is considering naming a Florida Democrat to lead the Federal Emergency Management Agency in a surprising bipartisan move. Rep. Jared Moskowitz, a Democrat and seasoned emergency management expert, previously led Florida's Division of Emergency Management under Republican Governor Ron DeSantis. Moskowitz previously introduced legislation to expand FEMA's authority and funding in Congress. Trump's consideration of Moskowitz reflects a potential shift toward including opposition voices.

SEE WHY TRUMP IS CONSIDERING A DEM FOR KEY FEMA POST

Sam's Club goes from tornado to futuristic

A Sam's Club store that was hit by a tornado in 2022 has reopened after undergoing a remodeling that included a series of innovative upgrades. The company wanted to "reimagine what Sam's Club could be" and "came back bigger and better than ever," said a Sam's Club spokeswoman in a promotional video. Where once stood a pile of debris has been transformed into a first of its kind store in Grapevine, Texas with no cash registers; instead, customers can use the Scan & Go option to drop items in the cart or ship purchases to their doorstep.

NEW SAM'S: FROM AUTOMATED FORKLIFTS TO PIZZA ROBOTS

Extra point

Who created Sam's Club? When and where did the first store open?

Monday's answer: Scientist John McCarthy is credited for coining the term "artificial intelligence" at a 1956 gathering at Dartmouth College.

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