Newsletter Nov 16, 2023

Quick Six

Biden, Xi meet to discuss Taiwan, climate, fentanyl and more
U.S. President Joe Biden and Chinese President Xi Jinping held their first meeting in a year in San Francisco with the goal of improving relations and smoothing tensions between the two countries. Xi, sitting at the other side of the table with members of his administration, said he believes that the relationship between China and the U.S. keeps moving forward, despite not always being smooth in the past 50 years. Among other issues, the two sides discussed Taiwan, climate change, fentanyl and trade.
WHAT BIDEN AND XI SAID ABOUT WARS IN GAZA, UKRAINE

US retail sales experience first decrease in seven months
Retail sales in the United States fell slightly in October, according to government data published Wednesday, fueled by a large drop in consumer spending at furniture and home furnishing stores. Sales in the world's largest economy fell by 0.1 percent in October to $705 billion, down slightly from a revised increase of 0.9 percent a month earlier, the Commerce Department said.
DATA COMES AS US INFLATION SEES ITS FIRST DECLINE

Department of Energy awarding $3.5B to battery production
The U.S. Department of Energy announced Wednesday that it will award an additional $3.5 billion for companies to produce and develop battery technology and components. The funding will be designated for firms building electric vehicle battery plants, mining battery components like lithium and nickel, as well as developing non-lithium batteries, among other emerging technologies.
FIND OUT WHY A LITHIUM WAVE MAY BE COMING TO US

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Markets

DJIA	34,991.21	0.47%
S&P 500	4,502.88	0.16%
Nasdaq Composite	14,103.84	0.07%
Japan: Nikkei 225	33,420.00	-0.30%
UK: FTSE 100	7,486.91	0.62%
Crude Oil Futures	76.40	-0.34%
Gold Futures	1,963.60	-0.04%
Yen	151.26	-0.08%
Euro	1.09	0.06%
* As of market close

US to call for tripling world's nuclear energy

The U.S. will sign a pledge to triple the world's nuclear energy capacity by 2050 at next month's COP 28, marking one of the most high-profile international commitments to nuclear energy in the 21st century. The U.S. delegation will join representatives from the U.K., France, Finland, Sweden and South Korea in calling on the World Bank and other lenders to expand their renewable energy lending criteria. The pledge will be accompanied by a similar commitment from the nuclear energy industry to triple their resources for power over that time frame.

SEE HOW NUCLEAR ENERGY STACKS UP IN SAFETY, PRICE

FAA greenlights SpaceX's Starship relaunch

The Federal Aviation Administration on Wednesday authorized SpaceX to carry out its second launch of Starship, the most powerful rocket ever built, after a first attempt in April ended in a spectacular explosion. The FAA said Elon Musk's company has "met all safety, environmental, policy and financial responsibility requirements" after the mishap that marred the first orbital test flight of its next-generation spaceship.

FIND OUT WHEN AND WHERE YOU CAN WATCH THE LAUNCH

Manchin considering 2024 presidential run?

Senator Joe Manchin, who announced last week that he will not run for reelection, said he would "absolutely" consider entering the presidential race. In an interview with NBC, the Democrat from West Virginia didn't confirm a definitive run but said he would consider entering the 2024 presidential race. Manchin said he plans to travel the country to see if there's an interest in creating a movement to bring Americans together.

MANCHIN'S VIEWS ON TRUMP, BIDEN LEAVE THE DOOR OPEN

Extra point

Joe Manchin was sworn into the U.S. Senate on Nov. 15, 2010, after serving as governor of this state and being named to replace whom?

Wednesday's answer: Elvis Presley made his Hollywood debut in this 1956 movie named after one his number one hit "Love Me Tender".

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