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Nov 13, 2024, 10:18 AM UTC

Musk, Ramaswamy To Head Trump's Department Of Government Efficiency

Newsletter Nov 13, 2024 Quick Six Musk, Ramaswamy selected to head new Trump department Multi-billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy have been selected to

Newsletter Nov 13, 2024

Quick Six

Musk, Ramaswamy selected to head new Trump department
Multi-billionaire Elon Musk and former Republican presidential candidate Vivek Ramaswamy have been selected to head Donald Trump's proposed Department of Government Efficiency (DOGE), the President-elect announced Tuesday. Musk, the world's richest man and the CEO of Tesla and SpaceX, played a major role in Trump's winning campaign, and Ramaswamy, a former GOP rival for the nomination who became a key supporter, bring successful private sector backgrounds to public fiscal policy. Musk and Ramaswamy are the latest additions to Trump's administration.
SEE HOW DOGE WILL LEAD TO MASSIVE SPENDING CUTS

Trump will intervene to prevent a US ban of TikTok: Report
President-elect Donald Trump is expected to intervene to prevent a potential US ban on popular video-sharing app, TikTok. The social media app faces a January deadline to divest from its China-based owner ByteDance and could be banned if it fails to find a US-based buyer. ByteDance reportedly views Trump's election as its best chance to avoid divestment, according to the Washington Post. Trump may seek to delay the divestment deadline or push Congress to repeal the law requiring the sale.
WHY CHINA SEES TRUMP AS AN ALLY IN THE TIKTOK SAGA

Global stock rally takes a break from Trump election boost
A global stocks rally following Donald Trump's US election win lost steam Tuesday as traders looked to consolidate recent gains, sending major indices lower on both sides of the Atlantic. The euro hit a one-year low and the pound fell against the dollar, which has been invigorated by expectations that Trump's trade policies could lift interest rates higher. Wall Street's main indices all closed lower after having racked up huge gains in recent days.
SEE WHAT EXPERTS ARE SAYING ABOUT US STOCK RALLY

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Markets

DJIA	43,910.98	-0.86%
S&P 500	5,983.99	-0.29%
Nasdaq Composite	19,281.40	-0.09%
Japan: Nikkei 225	38,953.44	-1.07%
UK: FTSE 100	8,025.77	-1.22%
Crude Oil Futures	68.25	0.19%
Gold Futures	2,612.70	0.25%
Yen	154.69	0.05%
Euro	1.06	0.00%
* As of market close

Biden, Trump to meet at White House today

Political rivals President Joe Biden and President-elect Donald Trump will meet in the Oval Office today. It's part of a long-standing tradition in which the outgoing president and the president-elect come together to discuss the transition of power, key issues, and plans for the upcoming administration. Trump accepted the invitation, saying he was "looking forward to it" and appreciated the congratulatory call. However, after losing the 2020 election, Trump, a Republican, did not invite Biden, a Democrat, to the White House for the traditional postelection meeting.

SEE HOW MANY CABINET PICKS WERE ONCE ANTI-TRUMPERS

US bans flights to Haiti amid gang violence

The US banned all civilian flights to Haiti for a month on Tuesday, a day after a jetliner was shot at on approach to the capital and as a new prime minister took the reins of a nation ravaged by poverty and gang violence. The FAA's move came after a Spirit Airlines jetliner arriving from Florida in Port-au-Prince was hit by gunfire and had to reroute to the Dominican Republic, while Prime Minister Alix Didier Fils-Aime was sworn in on Monday. Haiti remains cut off from the rest of the world, with its main airport closed and bursts of gunfire close to the capital.

HOW GANGS ARE CREATING POLITICAL INSTABILITY IN HAITI

Well-lit surfboards may deter shark attacks

Covering your surfboard in bright lights sounds like an open invitation to great white sharks, but research released Tuesday by Australian scientists found it might actually stave off attacks. Biologist Laura Ryan said the predator often attacked its prey from underneath, occasionally mistaking a surfer's silhouette for the outline of a seal. Ryan and her fellow researchers showed that seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks.

WHY THE LIGHTS ARE A TURNOFF FOR GREAT WHITE SHARKS

Extra point

What beach consistently ranks as No. 1 in the world for shark attacks?

Monday's answer: The 22nd and 24th President Grover Cleveland was the first to serve non-consecutive terms (1885-89, 1893-97). Donald Trump (2016-20, 2025-) will be the second following his inauguration.

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