Trump signals deal on trade and TikTok made with China– www.washingtonexaminer.com Source Link Excerpt:
President Donald Trump teased on Monday that a deal has been made with China regarding trade and the future of TikTok.
“The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! It will be concluding shortly,” Trump wrote on Truth Social.
“A deal was also reached on a ‘certain’ company that young people in our Country very much wanted to save,” he said, referring to TikTok. “They will be very happy!”
TikTok was set to be inaccessible to American users in January, but Trump delayed the start date of the ban’s enactment to find an American buyer for the social media platform. China’s ByteDance owns the app, which poses national security concerns for the United States.
After months of negotiations and setbacks, Treasury Secretary Scott Bessent said the U.S. and China are “very close” to finalizing a deal on TikTok.
“We made very good progress on the technical details of the agreement. In terms of the overall agreement itself, our Chinese counterparts have come with a very aggressive ask,” he told reporters in Madrid, Spain, on the second day of talks. “We will see if we can get there. At present, we are not willing to sacrifice our national security for a social media app.”
Report outlines DEI impact on US medical schools – The North State Journal Source Link Excerpt:
A new report issued by the James G. Martin Center outlines how diversity, equity and inclusion at medical schools in the United States compromises “academic standards, undermine merit-based admissions and hiring, and jeopardize public health outcomes.”
“Medical education must prioritize competence, not ideology,” Jenna A. Robinson, James G. Martin Center president said in a press release. “This report reveals the extent to which DEI policies are weakening the physician pipeline at a time when Americans need highly skilled, well-trained doctors.”
Authored by Martin Center Senior Fellow Jay Schalin, the report, “An End to Excellence: How Diversity, Equity, and Inclusion Undermine Our Medical Schools,” looked at the 10 top-ranked American medical schools with respect to diversity, equity and inclusion (DEI) programs and policies.
The schools in the report include Harvard Medical School, Johns Hopkins University School of Medicine, University of California at San Francisco School of Medicine, University of Michigan Medical School, Stanford University School of Medicine, University of Washington School of Medicine, Perelman School of Medicine at the University of Pennsylvania, Yale School of Medicine, David Geffen School of Medicine at the University of California at Los Angeles and Weill Cornell Medicine.
Schalin’s report examines how DEI policies, described as an aggressive extension of affirmative action, have eroded meritocracy in the nation’s medical schools by prioritizing race, gender and ideologies in areas like admissions, faculty hiring, curricula and student programs, potentially leading to less competent physicians and compromised health care.
Trump to sign nuclear energy deal with UK– www.washingtonexaminer.com Source Link Excerpt:
LONDON — The United States will finalize a new nuclear energy agreement with British leaders during President Donald Trump‘s state visit to the United Kingdom this week.
Trump will touch down in London on Tuesday before spending Wednesday at Windsor Castle with King Charles III, capped by a lavish state banquet in the evening.
The nuclear agreement itself, which British government officials said “will turbocharge the build-out of new nuclear power stations in both countries and clear the way for a major expansion of new nuclear projects in the U.K.,” will be signed on Thursday during a slate of bilateral meetings between Trump and British Prime Minister Keir Starmer.
“This landmark UK-US nuclear partnership is not just about powering our homes, it’s about powering our economy, our communities, and our ambition. These major commitments set us well on course to a golden age of nuclear that will drive down household bills in the long run, while delivering thousands of good jobs in the short term,” Starmer said in a statement to the Washington Examiner. “Together with the US, we’re building a golden age of nuclear that puts both countries at the forefront of global innovation and investment.”
Trump’s energy secretary, Chris Wright, said the administration is “ushering in a true nuclear renaissance — harnessing the power of commercial nuclear to meet rising energy demand and fuel the AI revolution.”
Interior Secretary Doug Burgum added, “Strengthened nuclear cooperation with the UK reinforces our unshakable commitment to technological leadership, global security and the responsible stewardship of nuclear power. This is how we unleash the full power of American Energy Dominance — with innovation, strength, and key geopolitical collaboration.”
Elon Musk’s xAI lays off 500 in overnight restructuring of Grok training workforce– www.techspot.com Source Link Excerpt:
Business Insider obtained an internal email informing workers that the firm plans to prioritize “specialist AI tutors” over generalist roles and will immediately eliminate most general tutoring positions. The company told employees that it would honor their contracts through either November 30 or their previously agreed-upon end dates, but it…
Elon Musk Predicts AI to Surpass Human Intelligence by 2026, Humanity by 2030 – WebProNews Source Link Excerpt:
Elon Musk predicts AI will exceed any single human’s intelligence by 2026 and all humanity’s by 2030, adjusting from earlier timelines due to power and chip shortages. While hyping ventures like xAI and Tesla, his claims spark debates on feasibility, risks, and transformative societal impacts. Skeptics highlight current AI limitations in creativity and ethics.
‘100% tariff’: US official says Trump proposed higher duties on Russian oil buyers India, China in EU talks – Report– timesofindia.indiatimes.com Source Link Excerpt:
United States is considering expanding tariffs on countries that buy Russian oil, including India, but only if the European Union takes similar steps, a US official told news agency AFP on Tuesday. According to the report, dialling in to talks between US and EU officials, president Donald Trump suggested tariffs of between 50 and 100 per cent on buyers such as China and India.“The source of the money for the Russian war machine is oil purchases by China and India. If you do not get at the source of the money, there’s no way to stop the war machine,” the official said as quoted. Trump, the official added, is “ready to go” but wants the EU to act alongside the US.The discussions in Washington reportedly were led by EU sanctions envoy David O’Sullivan, with US treasury secretary Scott Bessent and officials from the state department and the US trade representative also taking part. Ukraine’s prime minister joined the session, while Trump made his intervention remotely, said the official.
Cracker Barrel Suspends Restaurant Remodels, Keeps Americana Style– www.breitbart.com Source Link Excerpt:
After pledging to restore its “Old Timer” logo, Cracker Barrel announced Tuesday it will suspend its restaurant remodel program in response to customer concerns over modernization plans.
Cracker Barrel Old Country Store said in a statement on Tuesday that it will halt remodels of its restaurants and maintain its traditional branding in response to widespread customer feedback. The company revealed the update in a post on X and on its website, noting that guests had voiced opposition to both the new logo design and changes to store interiors.
“We’re continuing to listen. Today, we’re suspending our remodels. If your restaurant hasn’t been remodeled, you don’t need to worry, it won’t be,” the company wrote. “With our recent announcement that our ‘Old Timer’ logo will remain, along with our bigger focus in the kitchen and on your plate, we hope that today’s step reinforces that we hear you.”
The company added that while it tested a modernized interior design in only four of its 660 locations, the plan will not move forward. Cracker Barrel reaffirmed its commitment to its signature “vintage Americana” atmosphere, including rocking chairs on porches, fireplaces, peg games, and antiques sourced from its Lebanon, Tennessee, warehouse.
Cracker Barrel also emphasized that the “Old Timer” logo, featuring the well-known character Uncle Herschel, would remain on road signs, menus, and in stores. The chain recently restored “Uncle Herschel’s Favorite Breakfast Platter” to its menu, pointing to customer demand for tradition.
The decision comes after weeks of backlash to Cracker Barrel’s rebranding efforts, which included a redesigned logo that omitted the classic illustration. The logo change was part of a broader $700 million modernization plan led by CEO Julie Felss Masino, which also included updated restaurant interiors and menu changes.
Company cofounder Tommy Lowe criticized the redesign in late August, calling the new logo “pitiful” and urging leadership to “keep it country.” The uproar intensified after Cracker Barrel’s stock price dropped more than 12 percent following the rollout of the new design.
President Donald Trump also weighed in, encouraging the company to revert to its classic branding. Trump congratulated Cracker Barrel after the reversal, saying the move could help restore customer loyalty.
In its Tuesday statement, Cracker Barrel reiterated its long-standing values, first established when the company opened in 1969: “hard work, family, and scratch-cooked food made with care.” The company stressed that while it may experiment with new platforms and menu items, the heritage and country hospitality that defined the brand would remain central.
“Our 70,000 hard-working team members look forward to welcoming you for breakfast, lunch or dinner soon,” the company expressed.
Protecting intellectual property rights in the pharmaceutical industry just got harder– www.americanthinker.com Source Link Excerpt:
GLP-1 drugs are having a major impact on the pharmaceutical industry. This class of drugs, which includes Ozempic, were used primarily to treat type 2 diabetes; the discovery that a side effect is appetite suppression led to their use in weight management. The demand for these drugs has exploded and is projected to continue to grow at a rapid pace in coming years.
Eli Lilly and Novo Nordisk hold multiple patents for different GLP-1 drugs. In recent years they could not produce enough of the drugs to meet demand. The Food and Drug Administration (FDA) approved production of the drugs by chemical compounders to meet the demand. The FDA recently determined that a shortage of the drugs no longer exists and lifted that approval. The drug compounders have filed suit against the FDA to allow them to continue producing the drugs.
The patents for GLP-1 drugs held by Ely Lilly and Novo Nordisk are set to expire in different countries in coming years. In China alone, more than a dozen companies are developing generic versions of the drugs. As pharmaceutical firms in China and other countries bring generics to the market, competition is becoming fierce. Meanwhile generic producers of the drugs are challenging the patent rights held by these companies.
Thus far Ely Lilly and Novo Nordisk have been successful in protecting their multiple patent rights for GLP-1 drugs through the legal system. For example, Novo Nordisk recently reached a legal settlement with producers of generic GLP-1 drugs that resolved their patent dispute. While details of the settlement are not available, they likely include entry dates for bringing generics to the market, and royalty agreements that are standard in settling patent disputes. Resolving patent disputes through the legal system provides the fundamental protection of intellectual property rights in the pharmaceutical industry, but that is about to change.
One of the most serious challenges to pharmaceutical companies in protecting their patent rights is contained in legislation being considered by Congress. The Ethic Act S.2276 would bar pharmaceutical firms from litigating more than one patent in a defined group in patent disputes. Proponents claim that the Act would increase competition in the pharmaceutical industry. In fact, it will have the opposite impact. The Act ignores the complexity of GLP-1 drugs that have multiple uses requiring multiple patents and will seriously handicap Ely Lilly and Novo Nordisk in patent disputes. While Ely Lilly and Novo Nordisk have a competitive advantage as the innovators in producing GLP-1 drugs, we should expect more patent disputes as China and other countries bring generics to this fiercely competitive market.
The Ethic Act ignores the success that pharmaceutical firms have had in resolving patent disputes through the legal system. Ely Lilly and Novo Nordisk have resolved patent disputes regarding GLP-1 drugs through the legal system, but the Ethic Act undermines their ability to protect those patent rights. Asking these firms to defend only one patent ad seriatim in a defined group of drugs in which they have multiple patents is like sending a boxer into the ring with one hand tied behind his back.
The department revised lower its nonfarm payrolls data for the year through March 2025 by 911,000 jobs from initial estimates. That was on the high side of Wall Street’s expectations for a downward shift and the biggest revision in more than two decades.
“I think the economy is weakening,” Dimon said. “Whether it’s on the way to recession or just weakening, I don’t know.”
The revision, showing the world’s largest economy produced far fewer jobs than thought, follows a report indicating employment growth had slowed to a near halt in July, adding just 73,000 jobs. President Donald Trumpfired the Bureau of Labor Statistics commissioner last month hours after the release of that report.
Israel’s forex reserves hit new record– en.globes.co.il Source Link Excerpt:
Israel’s foreign exchange reserves at the end of August 2025 rose to $230.321 billion – a new record – an increase of $3.553 billion from their level at the end of July, the Bank of Israel reports. The level of the reserves relative to GDP at the end of July was 41%.
The increase was the result of a revaluation that increased the reserves by about $3.759 billion, partly offset by foreign exchange activities by the government totaling about $209 million.
Trump fails in bid to fire Lisa Cook as Federal Reserve independence clings on– fortune.com Source Link Excerpt:
A federal court ruled Tuesday that embattled Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her.
The ruling, which will almost certainly be appealed, is a blow to the Trump administration’s efforts to assert more control over the traditionally independent Fed, which sets short-term interest rates to achieve its congressionally mandated goals of stable prices and maximum employment. Congress has also sought to insulate the Fed from day-to-day politics.
Trump said he was firing Cook on Aug. 25 over allegations raised by one of his appointees that she committed mortgage fraud related to two properties she purchased in 2021, before she joined the Fed. Cook is accused of saying two properties were “primary residences,” which could have resulted in lower down payments and mortgage rates than if either was designated a second home or investment property.
Cook’s lawyers argued that firing her was unlawful because presidents can only fire Fed governors “for cause,” which has typically meant inefficiency, neglect of duty or malfeasance while in office. They also said she was entitled to a hearing and a chance to respond to the charges before being fired, but was not provided either. Her lawsuit denied the charges but did not provide more details.
The Fed ought to patch the wound left by August’s jobs report– www.cnbc.com Source Link Excerpt:
At this moment in the U.S. economy — when interest rates are higher than usual and inflation still above the Federal Reserve’s 2% target — the jobs report is rather like an injury. You want it bad enough, like a gash, to elicit sympathy from others, but not so serious that it rends flesh and exposes bone.
The August jobs report was more like the latter. New payrolls came in more than one-third below expectations. On the bright side, even though the unemployment rate rose to 4.3% from 4.2% the month prior, it was largely because of a 436,000 increase in the size of the labor force — meaning it’s not so much layoffs but more job seekers that caused the increase in unemployment.
That said, the wound to the U.S. economy was severe enough that traders expect the Federal Reserve to administer some tender loving care soon. According to the CME FedWatch tool, the futures market, as of Sunday night stateside, has priced in an 8% chance of a supersized 50 basis points rate cut at the Federal Reserve’s September meeting. The probability was 0% a month ago. And a 25 basis points reduction is all but certain.
The prospect of such soothing by the central bank helped investors bear the pain of the jobs report stoically. Major U.S. indexes fell Friday, but only moderately. The Nasdaq Composite closed around the flatline, supported by strong bones in the tech sector.
If the Fed cuts rates later this month — a move it’ll almost certainly make — it’ll be a stitch, just in time, to save investors more than a dime.
Chinese scientists unveil blueprint for asteroid defense and resource utilization, call for int’l collaboration– financialpost.com Source Link Excerpt:
In a sub-forum of this conference, the Deep Space Exploration Lab highlighted ten major sectors as the future trends of deep space economy, including resource utilization, internet, energy, biology, transportation, smart technologies, construction, tourism, security, and cultural creativity.
President Donald Trump’s plan to allow 600,000 Chinese student visas to be issued drew strong criticism from the right on Monday and Tuesday.
The proposal comes as the president is amid trade talks with China, and backers of the plan could be necessary to keep certain universities afloat, whereas others say it could hinder the opportunities of American students.
“I hear so many stories that we’re not going to allow their students,” Trump told reporters as trade talks with China are ongoing.
“We’re going to allow their students to come in. It’s very important, 600,000 students. It’s very important. But we’re going to get along with China,” he continued.
Trump expanded on his comments during a Cabinet meeting at the White House on Tuesday.
“I think it’s very insulting to say students can’t come here because they’ll go out and start building schools and they’ll be able to survive it. But I like that their students come here. I like that other countries’ students come here. And you know what would happen if they didn’t? Our college system would go to hell very quickly. And it wouldn’t be the top colleges, so it’d be colleges that struggle on the bottom. And you take out 300,000 or 600,000 students out of the system,” Trump said.
“I like having, and I told this to President Xi that we’re honored to have their students here. Now, with that, we check in with careful and we see who’s there,” he added.
US President Donald Trump called Wednesday for billionaire George Soros and his son to face criminal charges over unfounded claims that the family, a favorite target of the right, is behind “violent protests” around the country.
Trump did not specify what prompted his morning outburst, but it comes as his administration pursues multiple criminal investigations against his perceived enemies.
“George Soros, and his wonderful Radical Left son, should be charged with RICO because of their support of Violent Protests, and much more,” the president wrote on his Truth Social platform, referring to a law against taking part in a criminal organization.
Long-standing conspiracy theories involving the Soros family swirled again in June, as street protests broke out in Los Angeles against a ramp up of immigration raids.
Trump used the demonstrations as justification to deploy the National Guard and Marines into the Democratic-run city.
Their admissions come on the heels of President Donald Trump’s executive order, Guaranteeing Fair Banking for All Americans, issued on August 7, 2025, which explicitly outlaws politicized or unlawful debanking and prohibits the nebulous use of “reputational risk” as justification for denying service.
Until now, institutions like JPMorgan, Bank of America, CitiGroup, and PNC have staunchly defended their practices, insisting that account closures rested solely on objective criteria. But in an extraordinary shift, these same banks through unnamed executives quoted by Fox News Digital have now voiced concerns about the “very, very real” pressure they felt from federal regulators under the Obama and Biden administrations.
Protecting intellectual property rights in the pharmaceutical industry just got harder– www.americanthinker.com
