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Donald Trump has nominated Chris Wright, CEO of Liberty Energy, as Secretary of Energy. Wright, a strong advocate for fossil fuels and critic of climate change initiatives, aligns with Trump's goal of enhancing U.S. energy production and reducing regulatory barriers. His nomination signals a shift towards prioritizing fossil fuel development over climate action.
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The Hurun China Rich List reveals a significant decline in billionaires, with only 753 remaining in 2024. Zhang Yiming of ByteDance tops the list, reflecting the impact of China's economic struggles on wealth accumulation. The report highlights a shift from traditional industries to tech and e-commerce as new wealth sources emerge.
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As of November 19, 2024, major tech companies like Meta and Microsoft are increasingly integrating their AI models into U.S. defense and national security operations. This shift raises ethical concerns about military applications and the implications for AI safety, as critics question the tech industry's growing ties with the military.
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On November 8, 2024, Canada ordered TikTok to shut down its offices in Vancouver and Toronto due to national security concerns linked to its Chinese parent company, ByteDance. However, Canadians can still access the app. TikTok plans to challenge the order in court, citing job losses and economic impact.
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As AI adoption accelerates, the legal and public relations sectors are undergoing significant transformations. Firms are leveraging AI for efficiency and client engagement, while companies like Golin aim to become fully AI-integrated by 2026. Meanwhile, China and Saudi Arabia are ramping up AI talent and infrastructure investments.
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On November 13, 2024, President Trump nominated Senator Marco Rubio as Secretary of State. This decision raises questions about U.S.-China relations, given Rubio's history of criticizing Beijing and supporting Taiwan. His confirmation could signal a tougher stance on China and reshape U.S. foreign policy.
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Following Donald Trump's victory in the 2024 presidential election, legal proceedings against him are facing significant delays. Prosecutors are considering how to proceed with his conviction for falsifying business records, while Trump's team pushes for dismissal based on presidential immunity. The outcome could reshape the legal landscape for the former president.
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Pony AI, the Chinese autonomous vehicle startup, is now aiming to raise $260 million in its upcoming IPO, a revision from its earlier target of $224 million. This comes after a significant reduction in its valuation and ongoing challenges in the U.S. market. The company operates a fleet of robotrucks and robotaxis in China.
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As President-elect Donald Trump finalizes his cabinet, Howard Lutnick and Scott Bessent are leading contenders for Treasury Secretary. Elon Musk has publicly endorsed Lutnick, while Trump is also considering Marc Rowan and Kevin Warsh. The selection process is complicated by Lutnick's recent tensions with Trump and differing views on tariffs.
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Donald Trump has nominated Brendan Carr, a current FCC commissioner, as the new chairman of the Federal Communications Commission. Carr, a proponent of deregulation and critic of Big Tech, aims to enforce stricter regulations on media and technology companies while promoting free speech.