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September 12, 2025

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Canadian Prime Minister Mark Carney has announced the country’s first five nation-building projects.

In March and April, the Build Canada Strong platform was a cornerstone of Carney’s election campaign, which came amid increasing trade tensions between Canada and the US. Among his promises was to create a Major Projects Office (MPO) that would review projects deemed to be in the national interest.

That office was established over the summer, with a release saying it would be headquartered in Calgary and overseen by former TransAlta (TSX:TA,NYSE:TSE) and Trans Mountain CEO Dawn Farrell.

The MPO was created as part of a shift in the regulatory framework for approving infrastructure and resource projects in Canada. Part of that will involve streamlining reviews and assessments, as well as reducing duplication between the federal and provincial governments, an issue that has hindered investment in Canada over the last 20 years.

“One of many studies has shown that the regulatory requirements in Canada have increased by more than 40 percent since 2006 and that’s been suppressing investment growth by 9 percent,” Carney said on Thursday (September 11).

In his statement, the prime minister introduced the first tranche of projects, and suggested the second will be announced before the Canadian Football League’s Grey Cup match, scheduled for November 16.

He also outlined criteria for projects to be covered by the MPO. They must be in the national interest, and must strengthen Canada’s autonomy, resilience and security; they must also have clear benefits for Canadians.

The first group of projects selected by the MPO has already seen significant development.

The prime minister noted that they have already been through extensive consultation with Indigenous communities, and have worked with provincial and territorial governments to meet necessary regulatory standards.

For these, Carney said the goal is for the MPO to get them across the finish line.

“In some cases, they are in the last stages of regulatory approvals. In most cases, there is some aspect of the financing or support packages for the projects that remain to be determined,” he said.

Mining, energy projects highlighted in first tranche

Among the first five projects featured are three involving Canada’s mining and energy sectors:

        Additionally, the MPO has committed to supporting the Darlington New Nuclear Project in Clarington, Ontario. This project aims to develop the first small modular reactor in a G7 country.

        The MPO will also help speed up the expansion of the Contrecour Terminal container project at the Port of Montreal. This expansion is expected to boost shipping volumes along the St. Lawrence Seaway.

        A project that could be included in a future announcement is the Pathways Plus carbon capture project, which the prime minister said will eventually lead to further oil sands development and the construction of a pipeline to reach markets beyond the US. Additionally, Carney said the MPO is looking at upgrades to the Port of Churchill, as well as an Arctic economic and security corridor, a high-speed rail corridor between Toronto and Québec City and Wind West Atlantic Energy, which would provide wind power to the provinces on the Atlantic coast.

        Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

        This post appeared first on investingnews.com

        Last-minute closed-door talks between Senate Republicans and Democrats failed to prevent a ‘nuclear option’ in the upper chamber, as frustrations on both sides killed a deal to move ahead with President Donald Trump’s nominees.  

        Lawmakers were inching closer to a deal that would have allowed sub-Cabinet-level nominees to be voted on in bunches, but neither side could reach a final agreement.

        Senate Republicans argued that a majority of their counterparts agreed with the new proposal, but that Senate Minority Leader Chuck Schumer, D-N.Y., was still standing in the way.

        ‘I think the majority of Democrats are on board with it,’ Sen. James Lankford, R-Okla., told Fox News Digital. ‘And Schumer is blocking it from actually having consent to come to the floor.’

        The failed deal was a modified version of a proposal first unveiled by Senate Democrats in 2023, and would have allowed 15 nominees to be batched together en bloc and voted on while still requiring two hours of debate for the group.

        But when Lankford brought the proposal to the floor for consideration, Sen. Brian Schatz, D-Hawaii, blocked it.

        Schatz argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

        ‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — It is available to you. But again, it’s more a matter of running out of patience than running out of time.’

        Senate Majority Leader John Thune, R-S.D., fired back ‘how much time is enough?’

        ‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

        With the prospects of bipartisan deal to move nominees through Democrats’ blockade, Senate Republicans are expected to continue down the path of the ‘nuclear option.’

        That means that their initial proposal, which would allow for an unlimited number of sub-cabinet level nominees to be voted on en bloc with 30 hours of debate tacked on, is expected to pass with a simple majority, and effectively change the confirmation process in the Senate.

        ‘We are achingly close to doing this like adults,’ Schatz said.

        This post appeared first on FOX NEWS

        The fifth day of trial is slated to kick off in Fort Pierce, Florida on Friday for the case of Ryan Routh, who faces charges for attempting to assassinate President Donald Trump at his West Palm Beach golf club in September 2024.

        On Thursday, then-Secret Service Special Agent Robert Fercano testified on behalf of the government that Routh pointed a rifle at his face while hiding out in shrubbery at the golf course. 

        Fercano, currently assigned to Homeland Security Investigations, said he was scanning the sixth hole while Trump was playing the fifth when he ‘noticed several abnormalities on the fence line.’ 

        ‘There appeared to be a face, a barrel of a weapon and what I perceived to be plates, like Humvee plates like I saw in the Marine Corps,’ Fercano told Assistant U.S. Attorney Maria Medetis Long on Thursday. 

        Fercano said that he initially thought he may have spotted a homeless person, but then noticed the barrel followed him and that the weapon was ‘pointed directly at my face.’ 

        ‘This appeared to be a textbook ambush scenario,’ Fercano said. 

        Routh also questioned Fercano – and used his time to ask a series of questions regarding sniper tactics. 

        ‘As far as being a sniper, what would be the best stance to shoot people? Standing, crouching, laying down?’ Routh asked. 

        ‘I wasn’t a sniper … it depends,’ Fercano said. 

        Others who testified Thursday included Tommy McGee, a government witness and a civilian who heard gunshots break out the day of the alleged assassination attempt and took a photo of Routh and his car. 

        ‘He looked frantic,’ McGee said Thursday. ‘He ran right in front of me. We looked at each other… it looked like he was trying to get away.’

        When Justice Department prosecutor John Shipley asked McGee if Routh was the same man he saw the day of the alleged assassination attempt, McGee said yes. 

        According to prosecutors, Routh laid out the groundwork to kill Trump for weeks, and hid out in shrubbery on Sept. 15, 2024, when a Secret Service agent, Fercano, identified him pointing a rifle at Trump while the then-presidential candidate played golf. Although Routh pointed his rifle at the agent, he then abandoned his weapon and the scene after Fercano opened fire.

        Routh was later apprehended by the Martin County, Florida, Sheriff’s Office on the I-95 interstate in a black Nissan Xterra. 

        According to the Justice Department, he is charged with attempted assassination of a major presidential candidate; possessing a firearm in furtherance of a crime of violence; assaulting a federal officer; felon in possession of a firearm and ammunition; and possession of a firearm with an obliterated serial number. Routh also faces state charges related to terrorism and attempted murder. 

        Routh, who has pleaded not guilty to all charges, was previously convicted of felonies in North Carolina in 2002 and 2010. 

        Routh, 59, is representing himself in his trial – a process known as ‘pro se.’ Routh sent a letter to U.S. District Judge Aileen Cannon in June notifying her of his decision to represent himself. 

        ‘I will be representing myself moving forward; it was ridiculous from the outset to consider a random stranger that knows nothing of who I am to speak for me,’ Routh said in the letter. ‘That was foolish and ignorant, and I am sorry-a childlike mistake.’ 

        Cannon approved the move in July, although she said that she believes it’s not a good idea for Routh to represent himself in this case. Routh has said he went to college for two years after receiving a GED certificate and told Cannon he was prepared to navigate any challenges that could come from representing himself. 

        Despite Routh’s decision to act singularly, court-appointed attorneys are still on call to provide standby counsel. 

        Fox News’ Jamie Joseph, Jake Gibson, Olivianna Calmes, Heather Lacey and The Associated Press contributed to this report.

        This post appeared first on FOX NEWS

        After an attempt to secure a bipartisan deal failed, Senate Republicans went nuclear for the fourth time in the Senate’s history Thursday to speed up confirmation of President Donald Trump’s nominees.

        Republicans had threatened turning to the ‘nuclear option,’ which would allow for a rule change with a simple majority vote, to blast through the blockade from Senate Democrats and Senate Minority Leader Chuck Schumer, D-N.Y. 

        Lawmakers were frustrated that, through the first eight months of Trump’s presidency, not a single nominee had moved through fast-track unanimous consent or voice votes.

        Senate Majority Leader John Thune, R-S.D., argued it shouldn’t have come as a surprise to Democrats what Republicans intended to do. 

        ‘I’ve been saying all week, ‘We’re going to vote on this on Thursday, one way or the other,” Thune said. 

        ‘We’re going to change this process in a way that gets us back to what every president prior has had when it comes to the way that these nominees are treated here in the United States Senate — by both sides, Republicans and Democrats; both presidents, Republicans and Democrats.’ 

        The GOP’s rule change, which was born from a revived Democratic proposal from 2023, will now allow lawmakers to vote on Trump’s nominees in batches.

        Senate Republicans’ rule change, which has been pitched as beneficial to the current and future administrations, would only apply to nominees subject to the Senate’s requirement for two hours of debate, which includes sub-Cabinet-level positions and executive branch picks.

        Judicial nominees, like district court judges and district attorneys, don’t fall under the rule change. Lawmakers are expected to plow through dozens of nominees early next week under the new rules with the intent of clearing the backlog of Trump’s picks, which grew to more than 140 and counting. 

        With the change in place, it will only take a simple majority vote to confirm the picks. Still, the decision to do bloc packages will require 30 hours of debate before a final confirmation vote. 

        Schumer panned the move and contended Republicans had turned the Senate into ‘a conveyor belt for unqualified Trump nominees.’

        ‘This is a sad, regrettable day for the Senate, and I believe it won’t take very long for Republicans to wish they had not pushed the chamber further down this awful road,’ he said. 

        However, before resorting to the nuclear option, lawmakers were close to a bipartisan deal that would have allowed for 15 nominees to be voted on in groups with two hours of debate.

        Sen. Brian Schatz, D-Hawaii, blocked the new proposal on the floor and argued that Senate Republicans were trying to rush through the negotiating process ahead of their plan to leave Washington for the weekend.

        ‘What they’re asking for is unanimity, and we don’t have it,’ he said. ‘And, so, if you’re interested in enacting this on a bipartisan basis, the process for doing that — it is available to you. But, again, it’s more a matter of running out of patience than running out of time.’

        A frustrated Thune fired back, ‘How much time is enough?

        ‘Give me a break,’ he said. ‘Two years. Not long enough. How about eight months? Eight months of this.’

        The nuclear process began earlier this week when Thune teed up 48 nominees, all of which moved through committee on a bipartisan basis, for confirmation on the floor.

        ‘It’s time to move,’ Thune said. ‘Time to quit stalling. Time to vote. It’s time to fix this place. And the ideal way to fix it would be in a bipartisan way.’

        Both parties have turned to the nuclear option a handful of times since 2010. In 2013, Senate Majority Leader Harry Reid, D-Nev., used the nuclear option to allow for all executive branch nominees to be confirmed by simple majority.

        Four years later, Senate Majority Leader Mitch McConnell, R-Ky., went nuclear to allow for Supreme Court nominees to be confirmed by a simple majority. In 2019, McConnell reduced the debate time to two hours for civilian nominees.

        This post appeared first on FOX NEWS

        The first day of opening statements in Ryan Routh’s federal trial ended with Judge Aileen Cannon noting the case was ‘moving at a pretty fast clip,’ after a lengthy day of testimony that put the Secret Service agent who spotted Routh in the bushes, a civilian witness who chased him down, and FBI agents on the stand.

        Routh is accused of attempting to assassinate President Donald Trump last year while he was golfing.

        The morning began with Routh’s own rambling opening statement, which lasted just seven minutes before Cannon cut him off for going off-topic.

        ‘What is intent? … Why are we here? What is our intent? To love one another … Is this so difficult?’ Routh asked. He went on to reference Adolf Hitler, Vladimir Putin, Sudan’s civil war and Israeli Prime Minister Benjamin Netanyahu.

        ‘We have limited patience, and you don’t have unlimited license to go forward and make a mockery of the dignity of this courtroom,’ Cannon told him.

        Federal prosecutors opened their case against Routh on Thursday, telling the 12 jurors he had come ‘within seconds’ of assassinating Trump during a round of golf in West Palm Beach last year.

        Assistant U.S. Attorney John Shipley read Routh’s own words to the jury — ‘Trump cannot be elected’ and ‘I need Trump to go away’ — before laying out what he described as a ‘deadly serious’ plan to kill a major presidential candidate.

        Shipley said Routh had traveled from Hawaii to the mainland with a Chinese military-grade assault rifle, 20 rounds of ammunition, 10 burner phones, three aliases, stolen license plates and ‘a trail of lies from Honolulu to Florida.’

        Jurors then heard from Special Agent Robert Fercano, who testified he was five feet away when he saw Routh’s face and the barrel of a rifle pointing directly at him on the sixth hole of Trump International Golf Course. ‘

        ‘This appeared to be a textbook ambush scenario,’ he told the jury, describing how he fired while walking backward to cover. Prosecutors showed the Chinese-made SKS rifle and played Fercano’s radio calls, where ‘shots fired, shots fired, shots fired’ could be heard.

        Routh, representing himself, opened his cross-examination with: ‘Good to see ya. First question, is it good to be alive?’ Fercano replied, ‘Yes, it is good to be alive.’ The agent repeatedly identified Routh as the man who smiled at him from the bushes.

        Later, jurors heard from Tommy McGee, a mental health professional who testified he saw a frantic man running from the golf course and later helped authorities track down Routh’s black Nissan Xterra. McGee identified Routh in court and in video shown to the jury. Routh’s cross-examination drew objections after he asked McGee if he supported Trump and whether ‘Madea, Beyoncé and Michelle Obama will be mad’ if he did.

        Additional agents who testified described recovering the rifle and other gear, and processing Routh after his arrest. One FBI agent displayed the clothing Routh allegedly wore the day he was captured, along with a debit card in his name.

        Routh’s questions grew increasingly odd as the afternoon wore on — at one point asking an agent whether ‘someone who loses things’ might drill a hole in a debit card to keep it on a key ring.

        Routh has pleaded not guilty to federal charges of attempting to assassinate a major presidential candidate and assaulting a federal officer. Prosecutors say he had been armed with an AK-style rifle when Secret Service agents stopped him near Trump’s golf course in West Palm Beach in September 2024. The attempt came just months after Trump had been shot and narrowly survived an assassination attempt in Butler, Pennsylvania.

        The trial resumes Friday morning in Fort Pierce federal court.

        This post appeared first on FOX NEWS

        U.S. Secretary of State Marco Rubio said on Thursday that the U.S. would respond after former Brazilian President Jair Bolsonaro was convicted of plotting a coup to remain in power after his loss in the 2022 election, although the secretary did not go into detail about what a U.S. response would look like.

        ‘The political persecutions by sanctioned human rights abuser Alexandre de Moraes continue, as he and others on Brazil’s supreme court have unjustly ruled to imprison former President Jair Bolsonaro,’ Rubio wrote on X.

        ‘The United States will respond accordingly to this witch hunt,’ he continued.

        Brazil’s Foreign Ministry argued that Rubio’s comment represented a threat that ‘attacks Brazilian authority and ignores the facts and the compelling evidence in the records.’

        The ministry said Brazilian democracy would not be intimidated by the U.S. government.

        Bolsonaro was sentenced to 27 years and three months in prison when he was convicted by the country’s Supreme Court on Thursday on charges of plotting a coup to stop President Luiz Inácio Lula da Silva from taking office in January 2023.

        The former Brazilian leader was a close ally of U.S. President Donald Trump during the first Trump administration.

        ‘Well, I watched that trial. I know him pretty well. I thought he was a good president of Brazil, and it’s very surprising that could happen very much like they tried to do with me, but they didn’t get away with it at all,’ Trump told reporters, noting the legal cases against the U.S. president in recent years at the state and federal level, which included his conviction in New York.

        ‘But I can always say this: I knew him as president of Brazil. He was a good man,’ he added.

        Trump has criticized the Brazilian judicial system and threatened tariffs on the country for its case against Bolsonaro.

        In July, the U.S. president placed 50% tariffs on most Brazilian goods in response to a ‘witch hunt’ against Bolsonaro. He later exempted some Brazilian exports, including passenger vehicles and numerous parts and components used in civil aircraft.

        Brazilian Supreme Court Justice Alexandre de Moraes, his unspecified allies on the court and his immediate family members will face visa revocations, according to Rubio, who criticized what he called a ‘political witch hunt’ against the former president.

        That same month, Rubio announced visa revocations on Brazilian Supreme Court Justice Alexandre de Moraes, who presided over Bolsonaro’s criminal case, and his unspecified allies on the court after the court issued search warrants and restraining orders against Bolsonaro.

        The U.S. Treasury Department had also sanctioned the judge over allegations of authorizing arbitrary pre-trial detentions and suppressing freedom of expression.

        Bolsonaro’s son, Brazilian Congressman Eduardo Bolsonaro, said he anticipates additional U.S. sanctions against Brazilian justices following his father’s conviction.

        ‘We are going to have a firm response with actions from the U.S. government against this dictatorship that is being installed in Brazil,’ he told Reuters on Thursday.

        He warned that justices who voted to convict the former president could face sanctions under the Magnitsky Act, which was previously used by the Trump administration against de Moraes.

        ‘If these Supreme Court justices keep following Moraes, they also run the risk of facing the same sanction,’ he said.

        Reuters contributed to this report.

        This post appeared first on FOX NEWS

        When Tim Cook gifted President Donald Trump a gold and glass plaque last month, the Apple CEO was hailed by Wall Street for his job managing the iPhone-maker’s relationship with the White House.

        Cook, Wall Street commentators said, had largely navigated the threat of tariffs on Apple’s business successfully by offering Trump an additional $100 billion U.S. investment, a win the president could tout on American manufacturing. But despite the 24-carat trophy Cook handed Trump, the true costs of those tariffs may finally show up for Apple customers later this month.

        “Thank you all, and thank you President Trump for putting American innovation and American jobs front and center,” Cook said at the event, which brought Apple’s total planned spend to $600 billion in the U.S. over the next five years. Trump, at the event, said that Apple would be exempt from forthcoming tariffs on chips that could double their price.

        But as Apple prepares to announce new iPhones on Tuesday, some analysts are forecasting the company to raise prices on its devices even after all Cook has done to avoid the worst of the tariffs.

        “A lot of the chatter is: Will the iPhone go up in price?” said CounterPoint research director Jeff Fieldhack.

        Although smartphones haven’t seen significant price increases yet, other consumer products are seeing price increases driven by tariffs costs, including apparel, footwear, and coffee. And the tariffs have hit some electronics, notably video games — Sony, Microsoft and Nintendo, have raised console prices this year in the U.S.

        Some Wall Street analysts are counting on Apple to follow. Jeffries analyst Edison Lee baked in a $50 price increase into his iPhone 17 average selling price projections in a note in July. He’s got a hold rating on Apple stock.

        Goldman Sachs analysts say that the potential for price increases could increase the average selling price of Apple’s devices over time, and the company’s mix of phones have been skewing toward more expensive prices.

        Analysts expect Apple to release four new iPhone models this month, which will likely be named the “iPhone 17” series. Last year, Apple released four iPhone 16 models: the base iPhone 16 for $829, the iPhone 16 Plus at $899, the iPhone 16 Pro at $999 and the iPhone 16 Pro Max at $1,199.

        This year, many supply chain watchers expect Apple to replace the Plus model, which has lagged the rest of the lineup, with a new, slimmer device that trades extra cameras and features for a thinner, lighter body.

        The “thinner, lighter form factor may drive some demand interest,” wrote Goldman analysts, but tradeoffs like battery life may make it hard to compete with Apple’s entry-level models.

        Analysts have said they expect the slim device to cost about $899, similar to how much the iPhone 16 Plus costs, but they haven’t ruled out a price bump. That would still undercut Samsung’s thin Galaxy Edge, which debuted earlier this year at $1,099.

        Apple did not respond to a request for comment.

        When Trump announced sweeping tariffs on China and the rest of the world in February, it seemed like Apple was in the crosshairs.

        Apple famously makes the majority of its iPhones and other products in China, and Trump was threatening to place tariffs that could double Apple’s costs or more. Some of Trump’s so-called “reciprocal” tariffs would hit countries like Vietnam and India where Apple had hedged its production bets.

        But seven months later, Apple has weathered the tariffs better than many had imagined.

        The U.S. government has paused the most draconian Chinese tariffs several times, smartphones got an exemption from tariffs and Cook in May told investors that the company was able to rearrange its supply chain to import iPhones to the U.S. from India, where tariffs are lower.

        Cook also successfully leaned on his relationship with Trump, visiting him in White House and taking his side in August, when Cook presented the shiny keepsake to Trump. That commitment bolstered Trump’s push to bring more high-tech manufacturing to the U.S. In exchange, Trump said he would exempt Apple from a forthcoming semiconductor tariff, too. And Trump’s IEEPA tariffs were ruled illegal in late August, although they are still in effect.

        Apple hasn’t completely missed the tariff consequences. Cook said the company spent $800 million on tariff costs in the June quarter, mainly due to the IEEPA-based tariffs on China. That was less than 4% of the company’s profit, but Apple warned it could spend $1.1 billion in the current quarter on tariff expenses.

        After months of eating the tariff costs itself, Apple may finally pass those costs to consumers with this month’s launch of the iPhone 17 models.

        Apple has been judicious about hardware price increases in the U.S. The smaller Pro phone, for example, hasn’t gotten a price increase since its debut in 2017, holding at $999. But Apple has made some price changes.

        The company raised the price of its entry level phones from $699 to $829 in 2020. And in 2022 when Apple eliminated the smaller iPhone Mini that started at $699, the company replaced it with the bigger-screen Plus that costs $899. The Pro Max also got a hike in 2023 when Apple bumped it from $1,099 to its current price of $1,199.

        If Apple does increase prices on its phones this year, don’t expect management to blame tariffs.

        The average selling price of smartphones around the world is rising, according to IDC. The price of smartphone components, such as the camera module and chips, have been increasing in recent years.

        Apple is much more likely to focus on highlighting its phones’ new features and quietly note the new price. Analysts expect the new iPhones to have larger screens, increased memory and new, faster chips for AI.

        “No one’s going to come out and say it’s related to tariffs,” said IDC analyst Nabila Popal.

        One way that Apple could subtly raise prices is by eliminating the entry-level version of its phones, forcing users to upgrade to get more storage at a higher starting price. Apple typically charges $100 to double the amount of the iPhone’s storage from 128GB to 256GB.

        That’s what JPMorgan analysts expect Apple to announce next week.

        They forecast that Apple will leave the prices of the entry level and high-end Pro Max models alone, but they wrote that they expect the company to eliminate the entry-level version of the Pro, meaning that users will have to pay $1,099 for an iPhone 17 Pro that has more starting-level storage than its predecessor. That’s how Apple raised the price of the entry-level Pro Max in 2023.

        “However, with Apple’s recent announcements relative to investments in US, the assumption is that the company will largely be shielded from tariffs, driving expectations for limited pricing changes except for those associated with changes in the base storage configuration for the Pro model,” wrote JP Morgan analyst Samik Chatterjee.

        When Cook was asked about potential Apple price increases on an earnings call in May, he said there was “nothing to announce.”

        “I’ll just say that the operational team has done an incredible job around optimizing the supply chain and the inventory,” Cook said.

        This post appeared first on NBC NEWS

        David Ellison continues to put his stamp on Paramount after its acquisition by Skydance.

        The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition can seek a buyout starting Thursday and until Sept. 15.

        “To achieve what we’ve set out to do — and to truly unlock Paramount’s full potential — we must make meaningful changes that position us for long-term success,” Ellison wrote to staffers. “These changes are about building a stronger, more connected, and agile organization that can deliver on our goals and compete at the highest level. We have a lot to accomplish and we’re moving fast. We need to all be rowing in the same direction. And especially when you’re dealing with a creative business like ours, that begins with being together in person.”

        The move could help Paramount thin the herd ahead of looming staffing cuts.

        Variety reported last month that the company is expected to lay off between 2,000 and 3,000 employees as part of its postmerger cost-cutting measures. These cuts are slated for early November, Variety reported.

        Paramount is looking to take $2 billion in costs out of the conglomerate amid advertising losses and industrywide struggles with traditional cable networks.

        Phase one of Ellison’s back-to-work plan will see employees in Los Angeles and New York returning to a full five-day workweek in the new year.

        Phase two will focus on offices outside LA and New York, including international locations. A similar buyout program will be offered in 2026 for those who operate in these locations.

        “We recognize this represents a significant change for many, and we’re committed to supporting you throughout this transition,” Ellison wrote. “We will work closely with managers to ensure you have the time and flexibility to make the necessary adjustments.”

        This post appeared first on NBC NEWS

        The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

        It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.

        “This was a pretty straightforward reaction to a hotly anticipated jobs report,” said Mortgage News Daily Chief Operating Officer Matt Graham. “It’s a good reminder that the market gets to decide what matters in terms of economic data, and the bond market has a clear voting record that suggests the jobs report is always the biggest potential source of volatility for rates.”

        Graham said in a post on X that many lenders are “priced better” than Oct. 3 and would be quoting in the high 5% range.

        The drop is a major change from May, when the rate on the 30-year fixed peaked at 7.08%. It’s big for buyers out shopping for a home today, especially given high home prices.

        Take, for example, someone purchasing a $450,000 home, which is just above August’s national median price, using a 30-year fixed mortgage with a 20% down payment. Not including taxes or insurance, the monthly payment at 7% would be $2,395. At 6.29%, that payment would be $2,226, a difference of $169 per month.

        That might not sound like a lot to some, but it can mean the difference in not just affording a home, but qualifying for a mortgage.

        Homebuilder stocks reacted favorably Friday, with names like Lennar, DR Horton and Pulte all up roughly 3% midday. Homebuilding ETF ITB has been running hot for the last month as rates slowly moved lower. It’s up close to 13% in the past month.

        The big question is whether the drop in rates will be enough to get homebuyers back in the market.

        Mortgage demand from homebuyers, an early indicator, have yet to respond to gradually improving rates. Applications for a mortgage to purchase a home last week were 6.6% lower from four weeks before, according to the Mortgage Bankers Association.

        “Homebuyers grapple with a lack of affordability, sellers contend with more competition, and builders deal with lower buyer demand,” Danielle Hale, chief economist at Realtor.com, said Friday in a statement after the release of the August employment report. “These conditions haven’t spelled catastrophe, but have created a cruel summer for the housing market.”

        Some analysts have argued that buyers need to see mortgage rates in the 5% range before it really makes a difference. Home prices remain stubbornly high, and while the gains have definitely cooled, they are not yet coming down on a national level. In addition, uncertainty about the state of the economy and the job market has left many would-be buyers on the sidelines.

        This post appeared first on NBC NEWS

        Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr. will likely link autism to the use of the company’s pain medication Tylenol in pregnant women.

        HHS will release the report that could draw that link this month, The Wall Street Journal reported on Friday.

        That report will also suggest a medicine derived from folate — a water-soluble vitamin — can be used to treat symptoms of the developmental disorder in some people, according to the Journal.

        In a statement, an HHS spokesperson said, “We are using gold-standard science to get to the bottom of America’s unprecedented rise in autism rates.”

        “Until we release the final report, any claims about its contents are nothing more than speculation,” they added.

        Tylenol could be the latest widely used and accepted treatment that Kennedy has undermined at the helm of HHS, which oversees federal health agencies that regulate drugs and other therapies. Kennedy has also taken steps to change vaccine policy in the U.S., and has amplified false claims about safe and effective shots that use mRNA technology.

        Kennedy has made the disorder a key focus of HHS, pledging in April that the agency will “know what has caused the autism epidemic” by September and eliminate exposures. He also said that month that the agency has launched a “massive testing and research effort” involving hundreds of scientists worldwide that will determine the cause.

        In a statement, Kenvue said it has “continuously evaluated the science and [continues] to believe there is no causal link” between the use of acetaminophen, the generic name for Tylenol, during pregnancy and autism.

        The company added that the Food and Drug Administration and leading medical organizations “agree on the safety” of the drug, its use during pregnancy and the information provided on the Tylenol label.

        The FDA website says the agency has not found “clear evidence” that appropriate use of acetaminophen during pregnancy causes “adverse pregnancy, birth, neurobehavioral, or developmental outcomes.” But the FDA said it advises pregnant women to speak with their health-care providers before using over-the-counter drugs.

        The American College of Obstetricians and Gynecologists maintains that acetaminophen is safe during pregnancy when taken as directed and after consulting a health-care provider.

        Some previous studies have suggested the drug poses risks to fetal development, and some parents have brought lawsuits claiming that they gave birth to children with autism after using it.

        But a federal judge in Manhattan ruled in 2023 that some of those lawsuits lacked scientific evidence and later ended the litigation in 2024. Some research has also found no association between acetaminophen use and autism.

        In a note on Friday, BNP Paribas analyst Navann Ty said the firm believes the “hurdle to proving causation [between the drug and autism] is high, particularly given that the litigation previously concluded in Kenvue’s favor.”

        This post appeared first on NBC NEWS