Newsletter Dec 24, 2024

Quick Six

Trump's love of TikTok raises questions about its ban in US
President-elect Donald Trump's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the US, though the path forward currently remains unclear. Trump opposes banning TikTok partly because he believes it would primarily benefit Meta, the Mark Zuckerberg-led company behind Instagram and Facebook. Congress passed legislation in April that would block TikTok from US app stores and web hosting services unless ByteDance sells its stake by Jan. 19.
WHAT ANALYSTS SAY ABOUT TRUMP'S PLANS FOR TIKTOK

US opens investigation into China's semiconductor policies
The US opened an investigation into China's policies for its semiconductor industry over concerns that Beijing is turning to "extensive anti-competitive and non-market means" to undermine other economies. The probe targets foundational semiconductors -- which go into everything from cars to medical devices -- and whether China's actions create burdens for US commerce. The fear is that Beijing's practices undermine "the competitiveness of American industry and workers, critical US supply chains."
SEE WHAT US OFFICIALS ARE SAYING ABOUT CHINA CHIPS

Sweet smell of success for growing niche fragrance market
They don't advertise and they are largely unknown to the general public but niche perfumes command prices of hundreds of dollars. Produced in small batches with quality, natural or rare ingredients, niche perfumes are big business, accounting for 10 to 12 percent of the overall market, according to Sausset. It will likely continue to expand as it is growing at 13 percent per year while mass market perfumes are growing between three and five percent.
SEE HOW NICHE PERFUMES ARE FLOODING THE MARKET

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* As of market close

Gaetz rages against damning House report

Former Florida Representative Matt Gaetz has taken to social media to address the recently released report from the House Ethics Committee, accusing him of breaking federal and state law. The highly anticipated report, which was released on Monday, claims that then-Rep. Gaetz committed a series of illegal acts, including statutory rape, solicitation, purchasing and using illegal drugs. In response to the report, Gaetz went on an X rampage, incessantly making posts in which he defends himself against the accusations levied against him by the report.

SEE GAETZ'S OFF-BASE CLAIMS ABOUT THE HOUSE REPORT

Clinton hospitalized after developing fever

Former US President Bill Clinton has been hospitalized after developing a fever, according to reports. Clinton is said to be in good spirits and is receiving care, his deputy chief of staff told media outlets. The situation is not considered an emergency and further updates on the former president's condition are expected. Clinton has a history of health issues, including quadruple bypass heart surgery in 2004. He was admitted to a hospital in Orange, California in 2021 with an infection.

GET THE LATEST WORD ON PRESIDENT CLINTON'S CONDITION

New cola war is with food-stamp program

Robert F. Kennedy Jr., president-elect Donald Trump's nominee to lead the HHS, wants to make sugary drinks ineligible for SNAP benefits. The move is part of his quest to improve public health, which includes eating better instead of using GLP-1 drugs for weight loss and diabetes. Now, his eyes are set on Big Soda, specifically banning their sugary drinks from SNAP, also known as food stamps, that's used for buying groceries by needy families. Coke and Pepsi are weighing in.

WHAT RFK JR. IS SAYING ABOUT BANNING SUGAR FROM SNAP

Extra point

After Coke and Pepsi battled it out for soda pop supremacy for decades, what alternative soft drink recently climbed into second place?

Monday's answer: Before "Survivor" popularized reality TV in the US in 2000, Mark Burnett's "Eco-Challenge" started the trend on cable in 1995.

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