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Apple is reportedly scaling back production of its Vision Pro headsets due to disappointing sales and user feedback. The device, launched at $3,500, has not met sales expectations, leading to a reduction in daily production and potential discontinuation by year-end.
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President-elect Donald Trump has nominated Scott Bessent, a hedge fund manager and former protégé of George Soros, as Treasury Secretary. Bessent's appointment signals a shift towards a Republican economic agenda focused on tax cuts and deregulation, despite his past Democratic affiliations. Investors have reacted positively to the news, anticipating pro-market policies.
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Lara Trump, daughter-in-law of President-elect Donald Trump, is considering a run for the U.S. Senate seat in Florida, which will be vacated by Marco Rubio. Following her resignation from the RNC, she expressed openness to the opportunity, with support from GOP lawmakers and family members. This development comes amid ongoing discussions about the future of the Republican Party.
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David Bonderman, co-founder of TPG and influential private equity investor, passed away at 82. Known for his low profile and significant contributions to corporate takeovers, Bonderman's legacy includes major investments in companies like Continental Airlines and Airbnb. His death was announced on December 11, 2024.