Ford CEO says Trump killing off the EV tax credit could cut the industry in half: ‘way smaller than we thought’

The White House has withdrawn the nomination of E.J. Antoni, who was selected by former President Trump to lead the Bureau of Labor Statistics (BLS). This decision is significant as it reflects ongoing tensions in the political landscape and raises questions about the future direction of labor statistics under new leadership. The withdrawal may also impact the credibility of the BLS, which plays a crucial role in shaping economic policy.

In a recent development, President Trump has decided to withdraw his nomination for the head of the US jobs data agency. A White House official indicated that a new nominee will be announced shortly. This change is significant as it reflects the ongoing adjustments within the administration and the importance of leadership in economic data reporting.

In a surprising move, President Trump has withdrawn the nomination of EJ Antoni, a loyalist from the Heritage Foundation, to lead the statistics agency. This decision follows the firing of Erika McEntarfer, raising questions about the administration's commitment to statistical integrity and transparency. The implications of this change could affect how data is managed and reported, which is crucial for informed policy-making.

In a recent speech, President Trump made claims about CNN that were fact-checked and found to be false, including his assertion that the network turned off its cameras during his criticism. This matters because it highlights ongoing tensions between the president and the media, raising questions about the accuracy of statements made by public figures.

The US government is on the brink of a shutdown as Congress struggles to agree on a budget, with former President Trump threatening further cuts. This situation is critical as it could disrupt essential services and impact millions of Americans, highlighting the ongoing political divisions that hinder effective governance.

The recent deal between Trump and Pfizer has sparked discussions about its potential impact on drug prices in the U.S. This agreement aims to lower costs for consumers, which is a significant concern for many Americans facing high healthcare expenses. Understanding the details of this deal is crucial as it could set a precedent for future pharmaceutical policies and influence how drug pricing is approached moving forward.

Former President Donald Trump announced that a deal with Harvard University is nearing completion, with the institution set to pay $500 million. This significant financial agreement highlights the ongoing discussions between Trump and the university, which could have implications for both parties. It’s an important development that reflects the evolving relationship between higher education and political figures.

Pfizer has reached a significant agreement with former President Trump aimed at lowering prescription drug prices. This deal is crucial as it addresses the ongoing concerns about the affordability of medications for millions of Americans. By collaborating with a high-profile figure like Trump, Pfizer is not only taking steps to enhance its public image but also showing a commitment to making healthcare more accessible, which could have a lasting impact on patients and the healthcare system.

US drugmakers saw a surge in stock prices following President Trump's announcement of price cuts for Pfizer medications. This move is significant as it reflects the administration's ongoing efforts to make healthcare more affordable for Americans. The price reductions could lead to increased access to essential medications, benefiting millions of patients and potentially reshaping the pharmaceutical landscape.

ECB President Joachim Nagel has called on European leaders to support the independence of the Federal Reserve in light of recent criticisms from former President Trump. This is significant as it underscores the importance of central bank autonomy in maintaining economic stability and credibility, especially during politically charged times. Nagel's remarks highlight the need for a united front in safeguarding monetary policy from political interference, which is crucial for investor confidence and economic growth.

In a recent speech to military leaders, Donald Trump controversially suggested that U.S. cities should serve as 'training grounds' for the military to combat what he described as an 'invasion from within.' This statement has raised eyebrows and sparked debate, as it blurs the lines between military and civilian roles, potentially undermining the principles of democracy and civil liberties. The reaction from the generals was notably subdued, reflecting the tension between political rhetoric and military professionalism.

In a surprising turn of events, stocks rallied late in the trading session following former President Trump's deal with Pfizer. This boost in pharmaceutical stocks helped lift market indexes, providing a glimmer of hope amidst concerns about a potential government shutdown. Investors are optimistic that this deal could signal stability in the healthcare sector, making it a significant development for the market.

HSBC has upgraded its rating for Page Industries' stock to 'Hold', indicating a positive outlook based on recent valuation corrections. This move is significant as it reflects confidence in the company's financial health and market position, suggesting that investors may find stability in holding onto their shares rather than selling. Such upgrades can influence market sentiment and attract more investors, potentially leading to a more robust stock performance in the future.

Asian factories are facing significant challenges as demand from both China and the US softens, leading to a slowdown in production and economic uncertainty. This situation is crucial as it highlights the interconnectedness of global supply chains and the potential ripple effects on economies worldwide. As these factories struggle, it raises concerns about job security and economic stability in the region.

Disney's decision to bring 'The Simpsons' back to theaters in 2027 is generating excitement, as it could be one of the smartest moves in the evolving landscape of legacy franchises. With the show's enduring popularity and cultural impact, this sequel has the potential to attract both longtime fans and new audiences, making it a significant addition to Disney's lineup.

Pandu Sjahrir, the Chief Investment Officer of Indonesia's sovereign wealth fund Danantara, recently shared insights on investment opportunities during a conversation with Haslinda Amin at the Milken Institute Asia Summit in Singapore. This discussion is significant as it highlights Indonesia's strategic approach to attracting investments, which could bolster the country's economic growth and enhance its global financial standing.

The chief investment officer of Indonesia's Danantara sovereign wealth fund has indicated that the divestment of additional shares by Freeport-McMoRan Inc. in its local unit is nearly complete. This development is significant as it highlights ongoing negotiations between the Indonesian government and the US mining giant, reflecting the country's efforts to increase local ownership in key industries.

Paris Fashion Week S/S 2026 showcased a strong message about preparing for the challenges of work life, emphasizing the need for resilience. While the overall theme suggested a tough journey ahead, the event also highlighted the unique flair of Paris, reminding us that even in difficult times, creativity and style can shine through.