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Tag: United States government

  • Congress would target China with new restrictions in massive defense bill

    WASHINGTON (AP) — The Trump administration may have softened its language on China to maintain a fragile truce in their trade war, but Congress is charging ahead with more restrictions in a defense authorization bill that would deny Beijing investments in highly sensitive sectors and reduce U.S. reliance on Chinese biotechnology companies.

    Included in the 3,000-page bill approved Wednesday by the House is a provision to scrutinize American investments in China that could help develop technologies to boost Chinese military power. The bill, which next heads to the Senate, also would prohibit government money to be used for equipment and services from blacklisted Chinese biotechnology companies.

    In addition, the National Defense Authorization Act would boost U.S. support for the self-governing island of Taiwan that Beijing claims as its own and says it will take by force if necessary.

    “Taken together, these measures reflect a serious, strategic approach to countering the Chinese Communist Party,” said Rep. Raja Krishnamoorthi, the top Democrat on the House Select Committee on the Chinese Communist Party. He said the approach “stands in stark contrast to the White House’s recent actions.”

    Congress moves for harsher line toward China

    The compromise bill authorizing $900 billion for military programs was released two days after the White House unveiled its national security strategy. The Trump administration dropped Biden-era language that cast China as a strategic threat and said the U.S. “will rebalance America’s economic relationship with China,” an indication that President Donald Trump is more interested in a mutually advantageous economic relationship with Beijing than in long-term competition.

    The White House this week also allowed Nvidia to sell an advanced type of computer chip to China, with those more hawkish toward Beijing concerned that would help boost the country’s artificial intelligence.

    The China-related provisions in the traditionally bipartisan defense bill “make clear that, whatever the White House tone, Capitol Hill is locking in a hard-edged, long-term competition with Beijing,” said Craig Singleton, senior director of the China program at the Foundation for Defense of Democracies, a Washington-based think tank.

    If passed, these provisions would “build a floor under U.S. competitiveness policy — on capital, biotech, and critical tech — that will be very hard for future presidents to unwind quietly,” he said.

    The Chinese embassy in Washington on Wednesday denounced the bill.

    “The bill has kept playing up the ‘China threat’ narrative, trumpeting for military support to Taiwan, abusing state power to go after Chinese economic development, limiting trade, economic and people-to-people exchanges between China and the U.S., undermining China’s sovereignty, security and development interests and disrupting efforts of the two sides in stabilizing bilateral relations,” said Liu Pengyu, the embassy spokesperson.

    “China strongly deplores and firmly opposes this,” Liu said.

    US investments in China

    U.S. policymakers and lawmakers have been working for several years toward bipartisan legislation to curb investments in China when it comes to cutting-edge technologies such as quantum computing, aerospace, semiconductors and artificial intelligence. Those efforts flopped last year when Tesla CEO Elon Musk opposed a spending bill.

    Musk has extensive business interests in China, including a Tesla gigafactory in the eastern city of Shanghai.

    The provision made it into the must-pass defense policy bill, welcomed by Rep. John Moolenaar, a Michigan Republican who chairs the House Select Committee on the Chinese Communist Party.

    “For too long, the hard-earned money of American retirees and investors has been used to build up China’s military and economy,” he said. “This legislation will help bring that to an end.”

    Biosecurity protections

    Congress last year failed to pass the BIOSECURE Act, which cited national security in preventing federal money from benefiting a number of Chinese biotechnology companies. Critics said then that it was unfair to single out specific companies, warning that the measure would delay clinical trials and hinder development of new drugs, raise costs for medications and hurt innovation.

    The provision in the NDAA no longer names companies but leaves it to the Office of Management and Budget to compile a list of “biotechnology companies of concern.” The bill also would expand Pentagon investments in biotechnology.

    Moolenaar lauded the effort for taking “defensive action to secure American pharmaceutical supply chains and genetic information from malign Chinese companies.”

    Support for Taiwan

    The defense bill also would authorize an increase in funding, to $1 billion from $300 million this year, for Taiwan-related security cooperation and direct the Pentagon to establish a joint drone and anti-drone program.

    Another provision supports Taiwan’s bid to join the International Monetary Fund, which would provide the self-governing island with financial protection from China.

    It comes amid mixed signals from Trump, who appears careful not to upset Beijing as he seeks to strike trade deals with Chinese President Xi Jinping. The Chinese leader has urged Trump to handle the Taiwan issue “with prudence,” as Beijing considers its claim over Taiwan a core interest.

    In the new national security strategy, the White House says the U.S. does not support any unilateral change to the status quo in the Taiwan Strait and stresses that the U.S. should seek to deter and prevent a large-scale military conflict.

    “But the American military cannot, and should not have to, do this alone,” the document says, urging Japan and South Korea to increase defense spending.

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  • FACT FOCUS: Trump said weaker gas mileage rules will mean cheaper cars. Experts say don’t bet on it

    DETROIT (AP) — President Donald Trump this week announced plans to weaken rules for how far automakers’ new vehicles need to travel on a gallon of gasoline, set under former President Joe Biden.

    The Trump administration said the rules, known formally as Corporate Average Fuel Economy, or CAFE, standards, are why new vehicles are too expensive, and that cutting them will drive down costs and make driving safer for Americans.

    The new standards would drop the industry fleetwide average for light-duty vehicles to roughly 34.5 mpg (55.5 kpg) in the 2031 model year, down from the goal of about 50.4 mpg (81.1 kpg) that year under the Biden-era rule.

    Here are the facts.

    Affordability

    TRUMP: EV-friendly policies “forced automakers to build cars using expensive technologies that drove up costs, drove up prices and made the car much worse.”

    THE FACTS: It’s true that gas mileage standards have played a role in rising vehicle prices in recent years, but experts say plenty of other factors have contributed, and some much more.

    Pandemic-era inventory shortages, supply chain challenges, tariffs and other trade dynamics, and even automakers’ growing investments in their businesses have also sent prices soaring. Average prices have also skewed higher as automakers have leaned into the costly big pickups and SUVs that many American consumers love.

    President Donald Trump speaks during an event on fuel economy standards in the Oval Office of the White House, Wednesday, Dec. 3, 2025, in Washington. (AP Photo/Evan Vucci)

    The average transaction price of a new vehicle hit $49,105 in October, according to car shopping guide Edmunds.

    A Consumer Reports analysis of vehicles for model years 2003 to 2021 — a period in which average fuel economy improved 30% — found no significant increase in inflation-adjusted vehicle prices caused by the requirements. At the same time, it found an average of $7,000 in lifetime fuel savings per vehicle for 2021 model year vehicles compared with 2003. That analysis, done primarily before the coronavirus pandemic, attributed much of the average sticker price increase to the shift toward bigger and more expensive vehicles.

    Cutting the fuel economy standards is unlikely to provide any fast relief on sticker prices, said Jessica Caldwell, Edmunds’ head of insights. And while looser standards may eventually mean lower car prices, their lower efficiency means that those savings could be eaten up by higher fuel costs, she said.

    Ending the gas car?

    TRUMP: Biden’s policies were “a quest to end the gasoline-powered car.”

    THE FACTS: The Biden administration did enact several policies to increase electric vehicle adoption, including setting a target for half of new vehicle sales in the U.S. to be electric by 2030.

    The Biden-era Inflation Reduction Act included tax incentives that gave car buyers up to $7,500 off the price of an EV and dedicated billions of dollars to nationwide charging — funding that Trump tried to stop. The Biden administration increased fuel economy requirements and set stricter tailpipe emissions limits.

    While those moves sought to help build the EV market, there was no requirement that automakers sell EVs or consumers buy them. And gasoline cars still make up the vast majority of the U.S. market.

    EV charging

    TRUMP: “We had to have an electric car within a very short period of time, even though there was no way of charging them.”

    THE FACTS: While many potential EV buyers still worry about charging them, the availability of public charging has significantly improved in recent years.

    Biden-era funding and private investment have increased charging across the nation. There are now more than 232,000 individual Level 2 and fast charging ports in the U.S. As of this year, enough fast charging ports have been installed to average one for every mile (1.6 kilometers) of National Highway System roads in the U.S., according to an AP analysis of data from the Department of Energy.

    However, those fast charging stations aren’t evenly dispersed. Many are concentrated in the far West and the Northeast, where sales of EVs are highest.

    Experts note that most EV charging can be done at home.

    Safety

    TRANSPORTATION SECRETARY SEAN DUFFY: The reduced requirements will make drivers “safer on the roads because of all the great new technology we have that save lives.”

    THE FACTS: Newer vehicles — gas and electric — are full of advanced safety features, including automatic emergency braking, lane-keeping, collision warnings and more.

    Duffy suggested that consumers will be more likely to buy new vehicles if they are more affordable — meaning fewer old cars on the streets without the safety technology. This assumes vehicle prices will actually go down with eased requirements, which experts say might not be the case. Besides, high tech adds to a vehicle’s cost.

    “If Americans purchased more new vehicles equipped with the latest safety technologies, we would expect overall on-road safety to improve,” Edmunds’ Caldwell said. “However, it’s unclear whether easing fuel-economy standards will meaningfully increase new-vehicle sales.”

    The Insurance Institute for Highway Safety, an independent automotive research nonprofit, also says electric or hybrid vehicles are as safe as or safer than gasoline-powered cars.

    Another part of safety is public health. Efficiency requirements put into place to address the 1970s oil crisis were also a way to reduce pollution that is harmful to humans and the environment.

    “This rollback would move the auto industry backwards, keeping polluting cars on our roads for years to come and threatening the health of millions of Americans,” said Katherine García, director of the Sierra Club’s Clean Transportation for All campaign. “This dangerous proposal adds to the long list of ways the Trump administration is dismantling our clean air and public health protections.”

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    Associated Press data journalist M.K. Wildeman contributed from Hartford, Connecticut.

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    Follow Alexa St. John on X: @alexa_stjohn and reach her at [email protected]. Read more of AP’s climate coverage.

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    The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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  • Another rally for Alphabet leads the US stock market higher

    NEW YORK (AP) — The U.S. stock market rallied on Monday, at the start of a week with shortened trading because of the Thanksgiving holiday.

    The S&P 500 climbed 1.5% for one of its best days since the summer and added to its jump from Friday, finding some strength following a shaky few weeks. The Dow Jones Industrial Average rose 202 points, or 0.4%, and the Nasdaq composite jumped 2.7%.

    Stocks got a lift from rising hopes that the Federal Reserve will cut its main interest rate again at its next meeting in December, a move that could boost the economy and investment prices.

    The market also benefited from strength for stocks caught up in the artificial-intelligence frenzy. Alphabet, which has been getting praise for its newest Gemini AI model, rallied 6.3% and was one of the strongest forces lifting the S&P 500. Nvidia rose 2.1%.

    Monday’s gains followed sharp swings in recent weeks, not just day to day but also hour to hour, caused by uncertainty about what the Fed will do with interest rates and whether too much money is pouring into AI and creating a bubble. All the worries are creating the biggest test for investors since an April sell-off, when President Donald Trump shocked the world with his “Liberation Day” tariffs.

    Despite all the recent fear, the S&P 500 remains within 2.7% of its record set last month.

    “It’s reasonable to expect that stocks will experience periods of pressure from time to time, which, historically, is quite healthy for longer-term strength,” Anthony Saglimbene, Ameriprise chief market strategist, wrote in a note to investors.

    Several more tests lie ahead this week for the market, which could create more swings, though none loom quite as large as last week’s profit report from Nvidia or the delayed jobs report from the U.S. government for September.

    One of the biggest tests will arrive Tuesday, when the U.S. government will deliver data showing how bad inflation was at the wholesale level in September.

    Economists expect it to show a 2.6% rise in prices from a year earlier, the same inflation rate as August. A worse-than-expected reading could deter the Fed from cutting its main interest rate in December for a third time this year, because lower rates can worsen inflation. Some Fed officials have already argued against a December cut in part because inflation has stubbornly remained above their 2% target.

    Traders are nevertheless betting on a nearly 85% probability that the Fed will cut rates next month, up from 71% on Friday and from less than a coin flip’s chance seen a week ago, according to data from CME Group.

    U.S. markets will be closed on Thursday for the Thanksgiving holiday. A day later, it’s on to the rush of Black Friday and Cyber Monday.

    On Wall Street, U.S.-listed shares of Danish drugmaker Novo Nordisk fell 5.6% Monday after it reported that its Alzheimer’s drug failed to slow progression of the disease in a trial.

    Grindr dropped 12.1% after saying it’s breaking off talks with a couple of investors who had offered to buy the company, which helps its gay users connect with each other. A special committee of the company’s board of directors said it had questions about the financing for the deal by the investors, who collectively own more than 60% of Grindr’s stock.

    All told, the S&P 500 rose 102.13 points to 6,705.12. The Dow Jones Industrial Average climbed 202.86 to 46,448.27, and the Nasdaq composite jumped 598.92 to 22,872.01.

    Bitcoin, meanwhile, continued it sharp swings. It was sitting around $89,000 after bouncing between $82,000 and $94,000 over the last week. It was near $125,000 last month.

    In stock markets abroad, indexes were mixed in Europe and Asia.

    Hong Kong’s Hang Seng jumped 2% for one of the world’s biggest moves. It got a boost from a 4.7% leap for Alibaba, which has reported strong demand for its updated Qwen AI app. Alibaba is due to report earnings on Tuesday.

    In the bond market, Treasury yields eased a bit. The yield on the 10-year Treasury fell to 4.03% from 4.06% late Friday.

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    AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

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  • FACT FOCUS: There’s no proof each strike on alleged drug boats saves 25,000 lives, as Trump claims

    President Donald Trump has repeatedly claimed that military strikes on suspected drug boats his administration has been carrying out for more than two months in the Caribbean Sea and Pacific Ocean are saving the lives of hundreds of thousands of people in the U.S.

    He most recently cited these numbers on Monday while answering questions from reporters after announcing a new initiative that will allow foreigners traveling to the U.S. for the World Cup next year to get interviews for visas more quickly.

    But experts say that this is a grossly simplistic interpretation of the situation.

    Here’s a closer look at the facts.

    TRUMP: “Every boat we knock out, we save 25,000 American lives.”

    THE FACTS: The numbers to support Trump’s claim don’t add up, and sometimes don’t exist. For example, people in the U.S. who die from drug overdoses each year are far fewer than the amount Trump suggests have been saved by the boat strikes his administration has carried out since September.

    “The statement that each of the administration’s strikes on alleged drug-smuggling boats saves 25,000 lives is absurd,” said Carl Latkin, a professor of public health at Johns Hopkins University who studies substance use. “The evidence is similar to that of the moon being made of blue cheese. If you look carefully, you will see a resemblance. However, a close analysis of this claim suggests that it lacks all credibility.”

    According to the latest preliminary data from the Centers of Disease Control and Prevention, there were about 97,000 drug overdose deaths in the U.S. during the 12-month period that ended June 30. That’s down 14% from the estimated 113,000 for the previous 12-month period.

    Final CDC data reports 53,336 overdose deaths in 2024 and 75,118 in 2023.

    The U.S. military has attacked 21 boats in the Caribbean Sea and eastern Pacific Ocean since strikes began on Sept. 2, most recently on Nov. 15. Using Trump’s numbers, that would mean the strikes have prevented 525,000 fatal drug overdoses in the U.S — far more than the number of overdose deaths that have occurred in recent two-month periods. This essentially implies that the administration is saving more lives than would have ever been lost.

    Lori Ann Post, the director of the Institute for Public Health and Medicine at Northwestern University, explained that “there’s no empirically sound way to say a single strike ‘saves 25,000 lives,’” even if the statement is interpreted more broadly to mean preventing substance use disorders and resulting ripple effects. Among the issues she pointed to are a lack of verifiable cargo data or published models linking such boat strikes to changes in drug use, as well as markets that will adapt to isolated supply losses.

    “The math and the data are not there,” said Post, who studies drug overdose deaths and economic drivers of the opioid crisis.

    Latkin added that claiming one lethal dose of a drug automatically translates to one death is a “very simple way of looking at it,” as different people have different tolerances.

    Trump has justified the attacks by saying the U.S. is in “armed conflict” with drug cartels and claiming the boats are operated by foreign terror organizations that are flooding America’s cities with drugs. Neither Trump nor his administration have publicly confirmed the amount of drugs allegedly destroyed in the strikes.

    White House spokesperson Anna Kelly reiterated Trump’s numbers when asked for evidence to support his claims about how many lives are being saved. She wrote in an email: “President Trump is right — any boat bringing deadly poison to our shores has the potential to kill 25,000 Americans or more. The President is prepared to use every element of American power to stop drugs from flooding in to our country and to bring those responsible for justice.”

    Latkin noted that this estimate also ignores the reality that even if the Trump administration manages to shut off one source of illegal drugs with its boat strikes, there will still be others. He offered a comparison to the fast food industry, explaining that getting rid of a couple of restaurants would not greatly improve Americans’ health since there are so many other sources where consumers could get the same or similar products.

    “It’s incredibly naive to think that reducing the supply in one place will eradicate the problem because it’s such a massive business,” he said.

    Opioids accounted for 73.4% of drug overdose deaths in 2024, according to the CDC. That includes 65.1% from illegally made fentanyls. But while the boat strikes have targeted vessels largely in the Caribbean Sea, fentanyl is typically trafficked to the U.S. overland from Mexico, where it is produced with chemicals imported from China and India.

    Overdose death rates began steadily climbing in the 1990s because of opioid painkillers, followed by waves of deaths led by other opioids like heroin and — more recently — illicit fentanyl. New numbers from the CDC show that a decline that began in 2023 has continued. Experts aren’t certain about the reasons for the decline, but they cite a combination of possible factors. Among them are the end of the COVID-19 pandemic; years of efforts to increase the availability of the overdose-reversing drug naloxone and addiction treatments; and changes to the drugs themselves.

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  • Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

    NEW YORK (AP) — It’s a tough time to be looking for a job.

    Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, sizable layoffs have continued to pile up — raising worker anxieties across sectors.

    Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or, as seen with big names like Amazon, are redirecting money to artificial intelligence.

    Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were cut by the thousands. And the record 43-day government shutdown also left many to work without paychecks.

    The impasse put key economic data on hold, too. In a delayed report released Thursday, the Labor Department said U.S. employers added a surprising 119,000 jobs in September. But unemployment rose to 4.4% — and other troubling details emerged, including revisions showing the economy actually lost 4,000 jobs in August. There’s also growing gender and racial disparities. The National Women’s Law Center notes women only accounted for 21,000 of September’s added jobs — and that Black women over the age of 20, in particular, saw unemployment climb to 7.5% for the month.

    The shutdown has left holes in more recent hiring numbers. The government says it won’t release a full jobs report for October.

    Here are some of the largest job cuts announced recently:

    Verizon

    In November, Verizon began laying off more than 13,000 employees. In a staff memo announcing the cuts, CEO Dan Schulman said that the telecommunications giant needed to simplify operations and “reorient” the entire company.

    General Motors

    General Motors moved to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio in late October, as the auto giant adjusts to slowing demand for electric vehicles. Hundreds of additional employees are reportedly slated for “temporary layoffs” at the start of next year.

    Paramount

    In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount plans to lay off about 2,000 employees — about 10% of its workforce. Paramount initiated roughly 1,000 of those layoffs in late October, according to a source familiar with the matter.

    In November, Paramount also announced plans to eliminate 1,600 positions as part of divestitures of Televisión Federal in Argentina and Chilevision in Chile. And the company said another 600 employees had chosen voluntary severance packages as part of a coming push to return to the office full-time.

    Amazon

    Amazon said last month that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spending on AI while trimming costs elsewhere. A letter to employees said most workers would be given 90 days to look for a new position internally.

    UPS

    United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts, which arrive amid wider shifts in the company’s shipping outputs. UPS also closed daily operations at 93 leased and owned buildings during the first nine months of this year.

    Target

    Target in October moved to eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally. The retailer said the cuts were part of wider streamlining efforts.

    Nestlé

    In mid-October, Nestlé said it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance amid headwinds like rising commodity costs and U.S. imposed tariffs. The Swiss food giant said the layoffs would take place over the next two years.

    Lufthansa Group

    In September, Lufthansa Group said it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial intelligence, digitalization and consolidating work among member airlines.

    Novo Nordisk

    Also in September, Danish pharmaceutical company Novo Nordisk said it would cut 9,000 jobs, about 11% of its workforce. The company — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring, as it works to sell more obesity and diabetes medications amid rising competition.

    ConocoPhillips

    Oil giant ConocoPhillips announced plans in September to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs. Between 2,600 and 3,250 workers were expected to be impacted, with most layoffs set to take place before the end of 2025.

    Intel

    Intel has moved to shed thousands of jobs — with the struggling chipmaker working to revive its business. In July, CEO Lip-Bu Tan said Intel expected to end the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the end of last year. The company previously announced a 15% workforce reduction.

    Microsoft

    In May, Microsoft began laying off about 6,000 workers across its workforce. And just months later, the tech giant said it would be cutting 9,000 positions — marking its biggest round of layoffs seen in more than two years. The company has cited “organizational changes,” but the labor reductions also arrive as the company spends heavily on AI.

    Procter & Gamble

    In June, Procter & Gamble said it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce. The maker of Tide detergent and Pampers diapers said the cuts were part of a wider restructuring — also arriving amid tariff pressures.

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  • President Donald Trump unveils ‘FIFA Pass’ to help World Cup travelers get their visas faster

    WASHINGTON (AP) — The Trump administration is announcing a new initiative for foreigners traveling to the U.S. for the World Cup next year that will allow them to get interviews for visas more quickly.

    Dubbed “FIFA Pass,” it will allow those who have purchased World Cup tickets through FIFA to get expedited visa appointments, as the administration continues to balance President Donald Trump’s tough-on-migration stance with an influx of global travelers for the soccer tournament. The “pass” in the name stands for “prioritized appointments scheduling system.”

    “If you have a ticket for the World Cup, you can have prioritized appointments to get your visa,” said FIFA President Gianni Infantino, who was in the Oval Office with Trump on Monday to explain the new system. Turning to the U.S. president, he added: “You said it the very first time we met, Mr. President, America welcomes the world.”

    Trump said Monday that he “strongly” encourages World Cup travelers to the U.S. to apply for their visas “right away.”

    Secretary of State Marco Rubio said the administration has dispatched more than 400 additional consular officers around the world to handle the demand for visas, and that in about 80 percent of the globe, travelers to the U.S. can get a visa appointment within 60 days.

    Under the new system, those who have bought tickets through FIFA will be allowed to go through a “FIFA portal” that would help get their visa application and interview prioritized at the State Department.

    “We’re going to do the same vetting as anybody else would get,” Rubio said. “The only difference here is, we’re moving them up in the queue.”

    During next year’s World Cup, 104 games will be played in Canada, Mexico and the United States. Trump has made the success of the World Cup a top priority, and Infantino has been a frequent visitor to the White House while FIFA prepares for a Dec. 5 World Cup draw at the Kennedy Center, the arts institution now led and managed by Trump loyalists.

    Trump once again floated the prospect of moving World Cup games out of one of its host cities if he deemed it to be unsafe, with the election of progressive activist Katie Wilson as mayor of Seattle who has talked about Trump-proofing the city and protecting its sanctuary city status for migrants. Seattle is one of the 11 host cities in the U.S. next year.

    “If we think there’s gonna be sign of any trouble, I would ask Gianni to move that to a different city,” Trump said of Seattle. The FIFA president stepped around the issue without committing to move host cities, noting that “I think safety and security is the number one priority for a successful World Cup” and that “we can see today that people have trust in the United States,” noting the number of tickets that have already been sold.

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  • Novo cuts Wegovy prices, but doctors still see cost challenges for patients

    Novo Nordisk is chopping prices again for Wegovy, but doctors say the expense will remain challenging for patients without insurance.

    The drugmaker said Monday that it has started selling higher doses of the injectable obesity treatment for $349 a month to patients paying the full bill. That’s down from $499, and in line with terms of a drug pricing agreement outlined earlier this month by President Donald Trump’s administration.

    Novo also started a temporary offer of $199 a month for the first two months of low doses of Wegovy and the drug’s counterpart for diabetes, Ozempic. The new pricing will be available at pharmacies nationwide, through home delivery and from some telemedicine providers.

    Rival Eli Lilly also plans price breaks for its weight-loss drug Zepbound once it gets a new, multi-dose pen on the market. Lilly has said it will sell a starter dose of Zepbound for $299 a month and additional doses at up to $449. Both represent $50 reductions from current prices for sales directly to patients.

    Obesity treatments like Zepbound and Wegovy have soared in popularity in recent years. Known as GLP-1 receptor agonists, the drugs work by targeting hormones in the gut and brain that affect appetite and feelings of fullness.

    In clinical trials, they helped people shed 15% to 22% of their body weight — up to 50 pounds or more in many cases. But affordability has been a persistent challenge for patients.

    A recent poll by the nonprofit KFF found that about half of the people who take the treatments say it was hard to afford them.

    Both Lilly and Novo announced price cuts earlier this year that brought the cost of higher doses of their treatments down to around $500 a month.

    Previous research has shown that people have difficulty paying for a medication when the cost rises above $100 per month, said Stacie Dusetzina, a Vanderbilt University Medical Center professor and prescription drug pricing expert.

    She said Novo’s new prices are “not going to really move the needle for a person who doesn’t have a pretty reasonable amount of disposable income.”

    Dr. Laura Davisson said the medication would still be unaffordable for patients on Medicaid in states where the government-funded program for people with low incomes doesn’t cover the drug.

    The bigger issue is expanding coverage of the treatments, said Davisson, a West Virginia University obesity specialist.

    “We’ve had hundreds of people lose coverage over the last couple of years, and we keep seeing more and more insurers drop coverage,” she said, adding that her practice has started a group support program to help those who have lost coverage.

    Coverage is slated to improve starting next year for at least one big payer under a deal announced by the Trump administration. The federally funded Medicare program, mainly for people ages 65 and older, will begin covering the treatments for people who have severe obesity and others who are overweight or obese and have serious health problems.

    Those who qualify will pay $50 copays for the medicine.

    Administration officials also said lower prices for the drugs that they negotiated for Medicare also will be provided for Medicaid programs.

    That will help expand coverage, according to Dave Moore, Novo’s executive vice president for U.S. operations. He said Medicaid programs in 20 states cover the drug for obesity.

    Novo officials expect around 40 million more Americans will gain access to their drug through coverage expansions for Medicaid and Medicare.

    Neither Moore nor representatives for Eli Lilly would say whether they plan additional price cuts. Both companies also are seeking approval of pill versions of the drugs, which would come with new prices.

    Lilly spokesperson Courtney Kasinger said the company believes obesity treatments should be covered just like those for any other chronic condition.

    “We’re going to continue to work to improve coverage as much as we can across all channels, all stakeholders,” she said.

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    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

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  • Wall Street scrambles back from a big morning loss as Nvidia and bitcoin swing

    NEW YORK (AP) — An early swoon shook the U.S. stock market on Friday, as Nvidia, bitcoin, gold and other high flyers swung on an increasingly antsy Wall Street, but it quickly calmed.

    After starting the day with a sharp drop of 1.3%, the S&P 500 erased all of it and then meandered up and down before finishing with a slight dip of 0.1%. The Nasdaq composite flipped to a gain of 0.1%, while the Dow Jones Industrial Average trimmed its loss to 309 points, or 0.7%, after earlier being down nearly 600.

    Options traders Steven Rodriguez, left, and Scott Frenzy work on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    AI stocks were again at the center of the action, a day after dragging Wall Street to one of its worst drops since its springtime sell-off. Nvidia, which has become the poster child of the frenzy around artificial-intelligence technology, began the day with a loss of 3.4%. It then stormed back to a rise of 1.8% and yanked the market in its wake.

    Critics have been warning that the U.S. stock market could be primed for a drop because of how high prices have shot since April, leaving them looking too expensive. They pointed in particular to stocks swept up in the AI mania. Nvidia’s stock has more than doubled in four of the last five years, for example, and the chip company is still up more than 40% for this year so far.

    AP AUDIO: Wall Street erases a big early loss as Nvidia and bitcoin swing

    Nvidia and other Big Tech companies are lifting Wall Street. We hear more from AP business correspondent Seth Sutel.

    Even with sharp swings for the S&P 500 the last couple of weeks, the index that dictates the movements for many 401(k) accounts remains within 2.3% of its record set late last month.

    “Occasional market drops are the price of the ticket for the ride,” said Brian Jacobsen, chief economist at Annex Wealth Management.

    Outside of tech, Walmart edged down 0.1% after saying CEO Doug McMillon will retire in January in a surprise move. It had been down as much as 3.6% in the morning. McMillon helped the retailer embrace technology more.

    All told, the S&P 500 fell 3.38 points to 6,734.11. The Dow Jones Industrial Average dropped 309.74 to 47,147.48, and the Nasdaq composite rose 30.23 to 22,900.59.

    One way companies can tamp down criticism about too-high stock prices is to deliver solid growth in profits. That’s raising the stakes for Nvidia’s profit report coming Wednesday, when it will say how much it earned during the summer.

    Options trader Anthony Spina works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Options trader Anthony Spina works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    If it falls short of analysts’ expectations, more drops could be on the way. That would have a big effect on the market because Nvidia has grown to become Wall Street’s largest stock by value. That gives Nvidia’s stock movements a bigger effect on the S&P 500 than any other’s, and it can almost single-handedly steer the index’s direction on any given day.

    Another way for stock prices broadly to look less expensive is if interest rates fall. That’s because bonds paying less in interest can make investors willing to pay higher prices for stocks and other kinds of investments.

    Treasury yields had been falling for most of this year on expectations that the Federal Reserve would cut its main interest rate several times. And the Fed has indeed cut twice already in hopes of shoring up the slowing job market.

    But questions are rising about whether a third cut will actually come after the Fed’s next meeting in December, something that traders had earlier seen as very likely. The downside of lower interest rates is that they can make inflation worse, and inflation has stubbornly remained above the Fed’s 2% target.

    Fed officials have pointed to the U.S. government’s shutdown, which delayed the release of updates on the job market and other signals about the economy. With less information and less certainty about how things are going, some Fed officials have suggested it may be better just to wait in December to get more clarity.

    In the bond market, the yield on the 10-year Treasury rose to 4.14% from 4.11% late Thursday.

    Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Specialist Anthony Matesic works on the floor of the New York Stock Exchange, Friday, Nov. 14, 2025. (AP Photo/Richard Drew)

    Bitcoin is one of the investments that can get a boost from lower interest rates. It fell below $95,000, back to where it was in May. It had been near $125,000 only in October.

    The price of gold, meanwhile, sank 2.4%. It shot to records throughout the year as investors looked for something that could protect from high inflation and big debt loads built by the U.S. and other governments worldwide. But interest rates staying higher can hurt gold, which pays its investors nothing in interest or dividends.

    In stock markets abroad, indexes dropped across Europe and Asia. South Korea’s Kospi fell 3.8% for one of the world’s largest losses.

    London’s FTSE 100 sank 1.1% amid speculation the U.K. government may ditch plans to raise income taxes, which would have helped chip away at its debt.

    ___

    AP Writer Teresa Cerojano contributed.

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  • Cities and states are turning to AI to improve road safety

    As America’s aging roads fall further behind on much-needed repairs, cities and states are turning to artificial intelligence to spot the worst hazards and decide which fixes should come first.

    Hawaii officials, for example, are giving away 1,000 dashboard cameras as they try to reverse a recent spike in traffic fatalities. The cameras will use AI to automate inspections of guardrails, road signs and pavement markings, instantly discerning between minor problems and emergencies that warrant sending a maintenance crew.

    “This is not something where it’s looked at once a month and then they sit down and figure out where they’re going to put their vans,” said Richard Browning, chief commercial officer at Nextbase, which developed the dashcams and imagery platform for Hawaii.

    After San Jose, California, started mounting cameras on street sweepers, city staff confirmed the system correctly identified potholes 97% of the time. Now they’re expanding the effort to parking enforcement vehicles.

    Texas, where there are more roadway lane miles than the next two states combined, is less than a year into a massive AI plan that uses cameras as well as cellphone data from drivers who enroll to improve safety.

    Other states use the technology to inspect street signs or build annual reports about road congestion.

    Every guardrail, every day

    Hawaii drivers over the next few weeks will be able to sign up for a free dashcam valued at $499 under the “Eyes on the Road” campaign, which was piloted on service vehicles in 2021 before being paused due to wildfires.

    Roger Chen, a University of Hawaii associate professor of engineering who is helping facilitate the program, said the state faces unique challenges in maintaining its outdated roadway infrastructure.

    “Equipment has to be shipped to the island,” Chen said. “There’s a space constraint and a topography constraint they have to deal with, so it’s not an easy problem.”

    Although the program also monitors such things as street debris and faded paint on lane lines, the companies behind the technology particularly tout its ability to detect damaged guardrails.

    “They’re analyzing all guardrails in their state, every single day,” said Mark Pittman, CEO of Blyncsy, which combines the dashboard feeds with mapping software to analyze road conditions.

    Hawaii transportation officials are well aware of the risks that can stem from broken guardrails. Last year, the state reached a $3.9 million settlement with the family of a driver who was killed in 2020 after slamming into a guardrail that had been damaged in a crash 18 months earlier but never repaired.

    In October, Hawaii recorded its 106th traffic fatality of 2025 — more than all of 2024. It’s unclear how many of the deaths were related to road problems, but Chen said the grim trend underscores the timeliness of the dashboard program.

    Building a larger AI database

    San Jose has reported strong early success in identifying potholes and road debris just by mounting cameras on a few street sweepers and parking enforcement vehicles.

    But Mayor Matt Mahan, a Democrat who founded two tech startups before entering politics, said the effort will be much more effective if cities contribute their images to a shared AI database. The system can recognize a road problem that it has seen before — even if it happened somewhere else, Mahan said.

    “It sees, ‘Oh, that actually is a cardboard box wedged between those two parked vehicles, and that counts as debris on a roadway,’” Mahan said. “We could wait five years for that to happen here, or maybe we have it at our fingertips.”

    San Jose officials helped establish the GovAI Coalition, which went public in March 2024 for governments to share best practices and eventually data. Other local governments in California, Minnesota, Oregon, Texas and Washington, as well as the state of Colorado, are members.

    Some solutions are simple

    Not all AI approaches to improving road safety require cameras.

    Massachusetts-based Cambridge Mobile Telematics launched a system called StreetVision that uses cellphone data to identify risky driving behavior. The company works with state transportation departments to pinpoint where specific road conditions are fueling those dangers.

    Ryan McMahon, the company’s senior vice president of strategy & corporate development, was attending a conference in Washington, D.C., when he noticed the StreetVision software was showing a massive number of vehicles braking aggressively on a nearby road.

    The reason: a bush was obstructing a stop sign, which drivers weren’t seeing until the last second.

    “What we’re looking at is the accumulation of events,” McMahon said. “That brought me to an infrastructure problem, and the solution to the infrastructure problem was a pair of garden shears.”

    Texas officials have been using StreetVision and various other AI tools to address safety concerns. The approach was particularly helpful recently when they scanned 250,000 lane miles (402,000 kilometers) to identify old street signs long overdue for replacement.

    “If something was installed 10 or 15 years ago and the work order was on paper, God help you trying to find that in the digits somewhere,” said Jim Markham, who deals with crash data for the Texas Department of Transportation. “Having AI that can go through and screen for that is a force multiplier that basically allows us to look wider and further much faster than we could just driving stuff around.”

    Autonomous vehicles are next

    Experts in AI-based road safety techniques say what’s being done now is largely just a stepping stone for a time when a large proportion of vehicles on the road will be driverless.

    Pittman, the Blyncsy CEO who has worked on the Hawaii dashcam program, predicts that within eight years almost every new vehicle — with or without a driver — will come with a camera.

    “How do we see our roadways today from the perspective of grandma in a Buick but also Elon and his Tesla?” Pittman said. “This is really important nuance for departments of transportation and city agencies. They’re now building infrastructure for humans and automated drivers alike, and they need to start bridging that divide.”

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  • From gowns to pantsuits, Michelle Obama explains her iconic fashion picks in a new book, ‘The Look’

    WASHINGTON (AP) — On any day during her eight years as first lady of the United States, Michelle Obama said she could go from giving a speech to meeting with a counterpart from another country to digging in her vegetable garden with groups of schoolchildren.

    And her clothes had to be ready for that. There was too much else to do, including raising daughters Sasha and Malia, and she said she did not have time to obsess over what she was wearing.

    “I was concerned about, ‘Can I hug somebody in it? Will it get dirty?’” she said Wednesday night during a moderated conversation about her style choices dating to growing up on the South Side of Chicago to when she found herself in the national spotlight as the first Black woman to be first lady. “I was the kind of first lady that there was no telling what I would do.”

    Obama would become one of the most-watched women in the world, for what she said and did, but also for what she wore. She chronicled her fashion, hair and makeup journey in her newest book, “The Look,” written with her longtime stylist Meredith Koop and published earlier this month.

    The sold-out conversation was taped as part of “IMO: THE LOOK,” a special, six-part companion series to the IMO podcast she hosts with her brother, Craig Robinson.

    She wanted her clothes to be welcoming as well as versatile.

    “The thing about clothes that I find is that they can welcome people in or they can keep people away, and if you’re so put together and so precious and things are so crisp and the pin is so big, you know, it can just tell people, ‘Don’t touch me,’” she said.

    She said she would not wear white to events with rope lines in case someone wanted a hug.

    “I’m not going to push somebody away when they need something from me, and I’m not going to let the clothes get in the way of that,” Obama said.

    Here’s what she said about a few of her notable fashion choices:

    The gown for Obama’s first inauguration

    President Barack Obama and first lady Michelle Obama dance at the Obama Home States Inaugural Ball in Washington, Jan. 20, 2009. (AP Photo/Charlie Neibergall, File)

    The white, one-shoulder chiffon gown was designed by Jason Wu, then an unknown 26-year-old who was born in Taiwan. But when she stepped out at the inaugural ball wearing the gown, the moment changed Wu’s life. That was by design, she said.

    “We were beginning to realize everything we did sent a message,” Obama said, speaking of herself and her husband, former President Barack Obama. “So that’s what we were trying to do with the choices we made, to change lives.”

    She would continue to help launch the careers of other up-and-coming designers by wearing their creations.

    Chain mail state dinner gown

    President Barack Obama and first lady Michelle Obama wait at North Portico of the White House to greet Italian Prime Minister Matteo Renzi and his wife Agnese Landini, for a State Dinner, Oct. 18, 2016. (AP Photo/Manuel Balce Ceneta, File)

    President Barack Obama and first lady Michelle Obama wait at North Portico of the White House to greet Italian Prime Minister Matteo Renzi and his wife Agnese Landini, for a State Dinner, Oct. 18, 2016. (AP Photo/Manuel Balce Ceneta, File)

    Obama wore the rose gold gown by Versace for the Obama administration’s final state dinner, for Italian Prime Minister Matteo Renzi in October 2016.

    “So that was a kind of a, ‘I don’t care’ dress,” she said of the shimmery, one-armed gown.

    “I put that on. I was like, ‘This is sexy.’ It’s the last one,” she said, meaning their final state dinner. “All of my choices, ultimately, are what is beautiful — and what looks beautiful on.”

    Pantsuit worn to Joe Biden’s inauguration

    Former President Barack Obama and former first lady Michelle Obama arrive to attend the 59th Presidential Inauguration at the U.S. Capitol in Washington, Jan. 20, 2021, as Joe Biden was sworn in as the 46th president of the U.S. and Kamala Harris became the first woman vice president. (Jonathan Ernst/Pool Photo via AP, File)

    Former President Barack Obama and former first lady Michelle Obama arrive to attend the 59th Presidential Inauguration at the U.S. Capitol in Washington, Jan. 20, 2021, as Joe Biden was sworn in as the 46th president of the U.S. and Kamala Harris became the first woman vice president. (Jonathan Ernst/Pool Photo via AP, File)

    “I was really in practical mode,” Obama said, explaining why she chose the maroon ensemble by Sergio Hudson with a flowing, floor-length coat that she wore unbuttoned, exposing the belt around her waist with a big, round gold-toned buckle. Her boots had a low heel.

    “The sitting president was trying to convince us that Jan. 6 was just a peaceful protest,” she said.

    The inauguration ceremony at the Capitol was held two weeks after the Jan. 6, 2021, riot there by supporters of President Donald Trump who had sought to overturn Biden’s victory.

    She said she had been thinking about the possibility of having to run if something else had happened that day.

    “I wanted to be able to move. I wanted to be ready,” she said. But she and her team “had no idea” the outfit “was going to break the internet,” she said.

    White House East Wing

    Obama also spoke about the East Wing, the traditional base of operations for first ladies that Trump last month tore down to make room for a ballroom he had long desired.

    Former first lady Michelle Obama speaks about her new book "The Look" during an event at Sixth and I, Wednesday, Nov. 12, 2025, in Washington. (AP Photo/Allison Robbert)

    Former first lady Michelle Obama speaks about her new book “The Look” during an event at Sixth and I, Wednesday, Nov. 12, 2025, in Washington. (AP Photo/Allison Robbert)

    Obama described the East Wing as a joyful place that she remembers as full of apples, children, puppies and laughter, in contrast to the West Wing, which dealt with “horrible things.” It was where she worked on various initiatives that ranged from combating childhood obesity to rallying the country around military families to encouraging developing countries to let girls go to school.

    She said she and her husband never thought of the White House as “our house.” They saw themselves more as caretakers, and there was work to do in the mansion.

    “But every president has the right to do what they want in that house, so that’s why we’ve got to be clear on who we let in,” Obama said.

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  • Trump is ramping up a new effort to convince a skeptical public he can fix affordability worries

    WASHINGTON (AP) — President Donald Trump is adjusting his messaging strategy to win over voters who are worried about the cost of living with plans to emphasize new tax breaks and show progress on fighting inflation.

    The messaging is centered around affordability, and the push comes after inflation emerged as a major vulnerability for Trump and Republicans in Tuesday’s elections, in which voters overwhelmingly said the economy was their biggest concern.

    Democrats took advantage of concerns about affordability to run up huge margins in the New Jersey and Virginia governor races, flipping what had been a strength for Trump in the 2024 presidential election into a vulnerability going into next year’s midterm elections.

    White House officials and others familiar with their thinking requested anonymity to speak for this article in order to not get ahead of the president’s actions. They stressed that affordability has always been a priority for Trump, but the president plans to talk about it more, as he did Thursday when he announced that Eli Lilly and Novo Nordisk would reduce the price of their anti-obesity drugs.

    “We are the ones that have done a great job on affordability, not the Democrats,” Trump said at an event in the Oval Office to announce the deal. “We just lost an election, they said, based on affordability. It’s a con job by the Democrats.”

    The White House is keeping up a steady drumbeat of posts on social media about prices and deals for Thanksgiving dinner staples at retailers such as Walmart, Lidl, Aldi and Target.

    “I don’t want to hear about the affordability, because right now, we’re much less,” Trump told reporters Thursday, arguing that things are much better for Americans with his party in charge.

    “The only problem is the Republicans don’t talk about it,” he said.

    The outlook for inflation is unclear

    As of now, the inflation outlook has worsened under Trump. Consumer prices in September increased at an annual rate of 3%, up from 2.3% in April, when the president first began to roll out substantial tariff hikes that suddenly burdened the economy with uncertainty. The AP Voter Poll showed the economy was the leading issue in Tuesday’s elections in New Jersey, Virginia, New York City and California.

    Grocery prices continue to climb, and recently, electricity bills have emerged as a new worry. At the same time, the pace of job gains has slowed, plunging 23% from the pace a year ago.

    The White House maintains a list of talking points about the economy, noting that the stock market has hit record highs multiple times and that the president is attracting foreign investment. Trump has emphasized that gasoline prices are coming down, and maintained that gasoline is averaging $2 a gallon, but AAA reported Thursday that the national average was $3.08, about two cents lower than a year ago.

    “Americans are paying less for essentials like gas and eggs, and today the Administration inked yet another drug pricing deal to deliver unprecedented health care savings for everyday Americans,” said White House spokesman Kush Desai.

    Trump gets briefed about the economy by Treasury Secretary Scott Bessent and other officials at least once a week and there are often daily discussions on tariffs, a senior White House official said, noting Trump is expected to do more domestic travel next year to make his case that he’s fixing affordability.

    But critics say it will be hard for Trump to turn around public perceptions on affordability.

    “He’s in real trouble and I think it’s bigger than just cost of living,” said Lindsay Owens, executive director of Groundwork Collaborative, a liberal economic advocacy group.

    Owens noted that Trump has “lost his strength” as voters are increasingly doubtful about Trump’s economic leadership compared to Democrats, adding that the president doesn’t have the time to turn around public perceptions of him as he continues to pursue broad tariffs.

    New hype about income tax cuts ahead of April

    There will be new policies rolled out on affordability, a person familiar with the White House thinking said, declining to comment on what those would be. Trump on Thursday indicated there will be more deals coming on drug prices. Two other White House officials said messaging would change — but not policy.

    A big part of the administration’s response on affordability will be educating people ahead of tax season about the role of Trump’s income tax cuts in any refunds they receive in April, the person familiar with planning said. Those cuts were part of the sprawling bill Republicans muscled through Congress in July.

    This individual stressed that the key challenge is bringing prices down while simultaneously having wages increase, so that people can feel and see any progress.

    There’s also a bet that the economy will be in a healthier place in six months. With Federal Reserve Chair Jerome Powell’s term ending in May, the White House anticipates the start of consistent cuts to the Fed’s benchmark interest rate. They expect inflation rates to cool and declines in the federal budget deficit to boost sentiment in the financial markets.

    But the U.S. economy seldom cooperates with a president’s intentions, a lesson learned most recently by Trump’s predecessor, Democrat Joe Biden, who saw his popularity slump after inflation spiked to a four-decade high in June 2022.

    The Trump administration maintains it’s simply working through an inflation challenge inherited from Biden, but new economic research indicates Trump has created his own inflation challenge through tariffs.

    Since April, Harvard University economist Alberto Cavallo and his colleagues, Northwestern University’s Paola Llamas and Universidad de San Andres’ Franco Vazquez, have been tracking the impact of the import taxes on consumer prices.

    In an October paper, the economists found that the inflation rate would have been drastically lower at 2.2%, had it not been for Trump’s tariffs.

    The administration maintains that tariffs have not contributed to inflation. They plan to make the case that the import taxes are helping the economy and dismiss criticisms of the import taxes as contributing to inflation as Democratic talking points.

    The fate of Trump’s country-by-country tariffs is currently being decided by the Supreme Court, where justices at a Wednesday hearing seemed dubious over the administration’s claims that tariffs were essentially regulations and could be levied by a president without congressional approval. Trump has maintained at times that foreign countries pay the tariffs and not U.S. citizens, a claim he backed away from slightly Thursday.

    “They might be paying something,” he said. “But when you take the overall impact, the Americans are gaining tremendously.”

    _____

    Associated Press writers Will Weissert and Michelle L. Price contributed to this report.

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  • These are the 37 donors helping pay for Trump’s $300 million White House ballroom

    WASHINGTON (AP) — President Donald Trump says his $300 million White House ballroom will be paid for “100% by me and some friends of mine.”

    The White House released a list of 37 donors, including crypto billionaires, charitable organizations, sports team owners, powerful financiers, tech and tobacco giants, media companies, longtime supporters of Republican causes and several of the president’s neighbors in Palm Beach, Florida.

    It’s incomplete. Among others, the list doesn’t include Carrier Group, which offered to donate an HVAC system for the ballroom, and artificial intelligence chipmaker Nvidia, whose CEO, Jensen Huang, publicly discussed its donation.

    The White House hasn’t said how much each donor is giving, and almost none was willing to divulge that. Very few commented on their contributions when contacted by The Associated Press.

    A senior White House official said the list has grown since it was first released in October, but some companies don’t want to be publicly named until required to do so by financial disclosure regulations. No foreign individuals or entities were among the donors, according to the official who spoke on condition of anonymity to discuss details that haven’t been made public.

    Here’s a look at the divulged donors:

    Tech giants (8):

    Amazon Background: Trump was once highly critical of company founder Jeff Bezos, who also owns The Washington Post, but has been much less so lately. Amazon donated $1 million to Trump’s inauguration, an event attended by Bezos. Its video streaming service paid $40 million to license a documentary about first lady Melania Trump. Its cloud-based computing operation, Amazon Web Services, is a major government contractor.

    Apple Background: After an up-and-down relationship during Trump’s first term, CEO Tim Cook has sought to improve his standing with the president this time. Before returning to the White House, Trump hosted Cook at his Palm Beach estate, Mar-a-Lago, and said he had spoken with Cook about the company’s long-running tax battles with the European Union. Cook also donated $1 million to Trump’s inauguration fund. In the spring, Trump threatened the computing giant with tariffs after Apple announced plans to build manufacturing facilities in India. In August, Cook presented the president with a customized glass plaque with a gold base as the CEO announced plans to bring Apple’s total investment commitment in U.S. manufacturing over four years to $600 billion.

    Google Background: During his first term, Trump’s administration sued Google for antitrust violations. While a candidate last year, Trump suggested he might seek to break up the search engine behemoth. Once Trump won the election, Google donated $1 million to his inauguration, and its CEO, Sundar Pichai, joined other major tech executives in attending the ceremony. Google’s subsidiary, YouTube, agreed in September to pay $24.5 million to settle a lawsuit with Trump after it suspended his account following the Jan. 6 riot at the U.S. Capitol. According to court filings, $22 million of that went to the Trust for the National Mall, which can help pay for ballroom construction.

    HP Background: An original Silicon Valley stalwart, the company donated to Trump’s inaugural fund. HP ‘s CEO, Enrique Lores, participated in a White House roundtable event in September. Lores also previously met with President Joe Biden at the White House on multiple occasions as top CEOs endorsed that administration’s economic plans.

    Meta Background: Founder and CEO Mark Zuckerberg had been critical of Trump going back to 2016, and Facebook suspended Trump for years after the Jan. 6 insurrection. This time around, Meta contributed $1 million to Trump’s inauguration, and Zuckerberg attended.

    Micron Technology Background: The producer of advanced memory computer chips announced an April 2024 agreement with the Biden administration to provide $6.1 billion in government support for Micron to make chips domestically. Then, in June, Micron pledged $200 billion for U.S. memory chip manufacturing expansion under Trump. But at least $120 billion of that involved holdovers first announced during Biden’s administration.

    Microsoft Background: The company donated $1 million to Trump’s inauguration, twice what it spent for Biden’s or for Trump’s first inauguration. CEO Satya Nadella has also met with Trump numerous times, as Microsoft has supported the administration’s relaxation of regulations on artificial intelligence. He met previously with Biden, too. Trump has called for Microsoft’s president of global affairs, Lisa Monaco, to be fired because she was a deputy attorney general under Biden when the Justice Department led several investigations against Trump.

    Palantir Technologies Background: Co-founded by billionaire libertarian Peter Thiel, the firm concentrates on artificial intelligence and machine learning. It has seen profits soar thanks to lucrative defense and other federal contracts.

    Crypto (5):

    Coinbase Background: The major cryptocurrency exchange was founded by Brian Armstrong, a top donor to a political action committee that helped Trump and other pro-crypto candidates in 2024. Armstrong attended the first crypto summit at the White House in March. Coinbase also hired Trump’s co-campaign manager, Chris LaCivita, to its Global Advisory Council.

    Ripple Background: In March, the Securities and Exchange Commission dropped a lawsuit filed during Trump’s first term, which accused the company of violating securities laws by selling XRP crypto coins without a securities registration. In his second term, Trump has eased regulations on digital assets, repealing an SEC accounting rule and a previous presidential executive order mandating more federal study and proposed changes to crypto regulations.

    Tether Background: A cryptocurrency company and major stablecoin issuer, Tether paid fines for misleading investors. CEO Paolo Ardoino has been to Trump’s White House, and, in April, the company hired former Trump administration crypto policy official Bo Hines to lead its domestic expansion efforts.

    Cameron Winklevoss and Tyler Winklevoss Background: Each Winklevoss twin is listed as a separate donor. Best known as Zuckerberg’s chief antagonists in “The Social Network,” the brothers founded the Gemini cryptocurrency exchange. Biden’s SEC sued Gemini for selling unregistered securities, but the case has been paused under Trump.

    Energy and industrial (4):

    Caterpillar Background: The equipment maker ‘s PAC has donated to candidates from both parties, but given more to Republicans. It has also said publicly that Trump’s tariffs, some of which the administration has now eased, could increase its costs and hurt earnings.

    NextEra Energy Background: NextEra is the world’s largest electric utility holding company. Trump says he’ll work to ensure tech giants can secure their own sources of electricity to power data centers, especially as they expand energy-hogging artificial intelligence operations. Google recently entered into an agreement to buy power from a shuttered nuclear power plant in Iowa owned by NextEra, which the company plans to bring back online in 2029.

    Paolo Tiramani Background: An American industrial designer who has donated to Trump’s political campaigns. Tiramani, with his son, runs BOXABL, a firm specializing in modular, prefabricated homes.

    Union Pacific Background: Trump has endorsed the company’s proposed $85 billion acquisition of Norfolk Southern, which would be the largest-ever rail merger. It also will be up to the president to appoint two more Republican members of the Surface Transportation Board, who will ultimately decide whether to approve the merger. In August, Trump fired one of the two Democratic members of the board.

    Philanthropy (3):

    Adelson Family Foundation Background: Founded to strengthen the state of Israel and the Jewish people, the foundation was created by Miriam Adelson, the majority owner of the NBA’s Dallas Mavericks, close Trump ally and longtime GOP megadonor. She’s also the widow of Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands.

    Betty Wold Johnson Foundation Background: Based in Palm Beach, the foundation supports health, arts and culture initiatives, as well as environmental and educational programs. It’s named in honor of the mother of New York Jets owner Woody Johnson, who served as Trump’s ambassador to the United Kingdom during his first term.

    Laura & Isaac Perlmutter Foundation Background: The nonprofit based in Lake Worth Beach, near Palm Beach, focuses on promoting health care, social justice, the arts and community initiatives. Isaac is an Israeli American businessman and financier and former chair of Marvel Entertainment. He and his wife have donated to Trump’s presidential campaigns and affiliated PACs.

    Trump administration officials (3):

    Benjamin Leon Jr. Background: The Cuban American founder of Miami-based Leon Medical Centers is Trump’s nominee for U.S. ambassador to Spain.

    Kelly Loeffler and Jeffrey Sprecher Background: A former Republican senator from Georgia, Loeffler heads Trump’s Small Business Administration. Her husband is CEO of the energy market Intercontinental Exchange Inc. and chairs the New York Stock Exchange. The couple faced scrutiny in 2020 for dumping substantial portions of their portfolio and purchasing new stocks, including in firms making protective equipment, after Congress received briefings on the severity of the coming coronavirus pandemic.

    Lutnick Family Background: Howard Lutnick is Trump’s commerce secretary. A crypto enthusiast, he once headed the brokerage and investment bank Cantor Fitzgerald.

    Communications/entertainment (3):

    Comcast Background: The mass media and telecom conglomerate has often been criticized by Trump, including in April, when the president posted that Comcast was a “disgrace to the integrity of broadcasting.” The company owns NBC and is spinning off MSNBC. It could be interested in acquiring Warner Bros. Discover, and that would leave Comcast looking for government approval.

    Hard Rock International Background: A Florida-based gaming and tourism concern owned by the Seminole Tribe, the company operates a number of casinos, including the former Trump Taj Mahal casino in Atlantic City, New Jersey. Trump has for decades criticized federal exemptions allowing tribes to operate casinos.

    T-Mobile Background: The wireless carrier is indirectly linked to Trump Mobile, which the president’s family controls and offers gold phones and cell service in a licensing deal. Trump Mobile uses Liberty Mobile Wireless, a small, Florida-based network that T-Mobile says runs its operations on T-Mobile’s network. T-Mobile says that is unrelated to its decision to donate to Trump’s ballroom, which it says is meant to “restore and enrich the historic landmarks that define our nation’s capital.”

    Big Tobacco (2):

    Altria Group Background: The tobacco giant controls Philip Morris USA, maker of Marlboro. It has pressed for federal crackdowns on counterfeit and illegal vaping products. The company donated $50,000 to Trump’s inauguration.

    Reynolds American Background: With brands including Lucky Strike and Camel, the company has been active in lobbying to steer the Trump administration away from a Biden-proposed ban on menthol cigarettes.

    Defense/national security (2):

    Booz Allen Hamilton Background: A major defense and national security technology firm with extensive government contracts, it paid fines to settle lawsuits with the Justice Department under Biden. Booz Allen Hamilton agreed to pay more than $377 million in 2023 to settle allegations that it improperly billing costs to its government contracts. In January, it paid nearly $16 million to settle allegations that it submitted fraudulent claims in connection with government contracts.

    Lockheed Martin Corporation Background: The massive defense contractor has huge government contracts. It said in a statement that it “is grateful for the opportunity to help bring the President’s vision to reality and make this addition to the People’s House.”

    Individuals (7):

    Stefan E. Brodie Background: A biotech entrepreneur and co-founder of the chemical manufacturing company Purolite, Brodie and his family donated to Trump’s 2024 presidential campaign and affiliated committees. Brodie and his brother, Donald, were convicted in 2002 of circumventing U.S. sanctions on Cuba.

    Charles and Marissa Cascarilla Background: Charles Cascarilla is co‑founder of the blockchain firm Paxos. He and his wife are philanthropists who have advocated for financial technology sector deregulation.

    J. Pepe and Emilia Fanjul Background: Longtime Republican donors and Palm Beach residents, the couple controls U.S. sugar refining interests that includes the Domino brand.

    Edward and Shari Glazer Background: Members of the family that owns the NFL’s Tampa Bay Buccaneers and has a controlling stake in the Manchester United football club, the couple donated to Trump’s campaign. Edward is the founder and CEO of US Property Trust, which operates shopping centers, and the car dealership company US Auto Trust.

    Harold Hamm Background: The billionaire oil tycoon and pioneer of hydraulic fracturing heads the oil producer Continental Resources. He’s praised the Trump administration for aggressively moving to purchase oil to replenish the Strategic Petroleum Reserve stockpile.

    Stephen A. Schwarzman Background: A Palm Beach resident and chair and CEO of the Blackstone Group, a global private equity firm he helped establish in 1985. Schwarzman has donated to Trump and his PACs previously and led his first-term President’s Strategic and Policy Forum.

    Konstantin Sokolov Background: Born in Russia, he immigrated to the U.S. and now heads the Chicago-based private equity firm IJS Investments. Sokolov has donated to many educational and charitable causes in the past, and to Trump’s political campaigns.

    ___

    Associated Press writer Darlene Superville contributed to this report.

    ___

    This story has been updated to correct the first name of an individual who donated to the White House ballroom. He is Harold Hamm, not Howard Hamm.

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  • What to know about Trump’s plan to give Americans a $2,000 tariff dividend

    WASHINGTON (AP) — President Donald Trump boasts that his tariffs protect American industries, lure factories to the United States, raise money for the federal government and give him diplomatic leverage.

    Now, he’s claiming they can finance a windfall for American families, too: He’s promising a generous tariff dividend.

    The president proposed the idea on his Truth Social media platform Sunday, five days after his Republican Party lost elections in Virginia, New Jersey and elsewhere largely because of voter discontent with his economic stewardship — specifically, the high cost of living.

    The tariffs are bringing in so much money, the president posted, that “a dividend of at least $2000 a person (not including high income people!) will be paid to everyone.’’

    Budget experts scoffed at the idea, which conjured memories of the Trump administration’s short-lived plan for DOGE dividend checks financed by billionaire Elon Musk’s federal budget cuts.

    “The numbers just don’t check out,″ said Erica York, vice president of federal tax policy at the nonpartisan Tax Foundation.

    Details are scarce, including what the income limits would be and whether payments would go to children.

    Even Trump’s treasury secretary, Scott Bessent, sounded a bit blindsided by the audacious dividend plan. Appearing Sunday on ABC’s “This Week,’’ Bessent said he hadn’t discussed the dividend with the president and suggested that it might not mean that Americans would get a check from the government. Instead, Bessent said, the rebate might take the form of tax cuts.

    The tariffs are certainly raising money — $195 billion in the budget year that ended Sept. 30, up 153% from $77 billion in fiscal 2024. But they still account for less than 4% of federal revenue and have done little to dent the federal budget deficit — a staggering $1.8 trillion in fiscal 2025.

    Budget wonks say Trump’s dividend math doesn’t work.

    President Donald Trump speaks during an event to mark Veterans Day at Arlington National Cemetery, Tuesday, Nov. 11, 2025, in Arlington, Va. (AP Photo/Evan Vucci)

    John Ricco, an analyst with the Budget Lab at Yale University, reckons that Trump’s tariffs will bring in $200 billion to $300 billion a year in revenue. But a $2,000 dividend — if it went to all Americans, including children — would cost $600 billion. “It’s clear that the revenue coming in would not be adequate,’’ he said.

    Ricco also noted that Trump couldn’t just pay the dividends on his own. They would require legislation from Congress.

    Moreover, the centerpiece of Trump’s protectionist trade policies — double-digit taxes on imports from almost every country in the world — may not survive a legal challenge that has reached the U.S. Supreme Court.

    In a hearing last week, the justices sounded skeptical about the Trump administration’s assertion of sweeping power to declare national emergencies to justify the tariffs. Trump has bypassed Congress, which has authority under the Constitution to levy taxes, including tariffs.

    If the court strikes down the tariffs, the Trump administration may be refunding money to the importers who paid them, not sending dividend checks to American families. (Trump could find other ways to impose tariffs, even if he loses at the Supreme Court; but it could be cumbersome and time-consuming.)

    Mainstream economists and budget analysts note that tariffs are paid by U.S. importers who then generally try to pass along the cost to their customers through higher prices.

    The dividend plan “misses the mark,’’ the Tax Foundation’s York said. ”If the goal is relief for Americans, just get rid of the tariffs.’’

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  • Trump administration renews Supreme Court appeal to keep full SNAP payments frozen

    President Donald Trump’s administration returned to the Supreme Court on Monday in a push to keep full payments in the SNAP federal food aid program frozen while the government is shut down, even as some families struggled to put food on the table.

    The request is the latest in a flurry of legal activity over how the program that helps 42 million Americans buy groceries should proceed during the historic U.S. government shutdown. Lower courts have ruled that the government must keep full payments flowing, but the Trump administration is asking the Supreme Court to keep them frozen for now.

    The high court is expected to rule Tuesday.

    The seesawing rulings so far have created a situation where beneficiaries in some states, including Hawaii and New Jersey, have received their full monthly allocations and those in others, such as Nebraska and West Virginia, have seen nothing.

    Brandi Johnson, 48, of St. Louis, said she’s struggling to make the $20 she has left in her SNAP account stretch. Johnson said she has been skipping meals the past two weeks to make sure her three teenage children have something to eat. She is also helping care for her infant granddaughter, who has food allergies, and her 80-year-old mother.

    She said food pantries have offered little help in recent days. Many require patrons to live in a certain ZIP code or are dedicated to helping the elderly first.

    “I think about it 24 hours a day, seven days a week, literally,” Johnson said. “Because you’ve got to figure out how you’re going to eat.”

    Millions receive aid while others wait

    The Trump administration argued that lower court orders requiring the full funding of the Supplemental Nutrition Assistance Program wrongly affect ongoing negotiations in Congress about ending the shutdown. Supreme Court Solicitor General D. John Sauer called the funding lapse tragic, but said judges shouldn’t be deciding how to handle it.

    The Senate Monday passed a compromise funding package that would end the government shutdown and refill SNAP funds. It now goes to the House for consideration.

    Trump’s administration initially said SNAP benefits would not be available in November because of the shutdown. After some states and nonprofit groups sued, judges in Massachusetts and Rhode Island ruled the administration could not skip November’s benefits entirely.

    The administration then said it would use an emergency reserve fund to provide 65% of the maximum monthly benefit. On Thursday, Rhode Island-based U.S. District Judge John J. McConnell said that wasn’t good enough, and ordered full funding for SNAP benefits by Friday.

    Some states acted quickly to direct their EBT vendors to disburse full monthly benefits to SNAP recipients. Millions of people in at least a dozen states — all with Democratic governors — received the full amount to buy groceries before Justice Ketanji Brown Jackson put McConnell’s order on hold Friday night, pending further deliberation by an appeals court.

    Delays cause complications for some beneficiaries

    Millions more people still have not received SNAP payments for November, because their states were waiting on guidance from the U.S. Department of Agriculture, which administers SNAP. Several states have made partial payments, including Texas, where officials said money was going on cards for some beneficiaries Monday.

    “Continued delays deepen suffering for children, seniors, and working families, and force nonprofits to shoulder an even heavier burden,” Diane Yentel, President and CEO, National Council of Nonprofits, one of the plaintiffs in the lawsuit, said in a statement Monday. “If basic decency and humanity don’t compel the administration to assure food security for all Americans, then multiple federal court judges finding its actions unlawful must.”

    Trump’s administration has argued that the judicial order to provide full benefits violates the Constitution by infringing on the spending power of the legislative and executive branches.

    Wisconsin, which was among the first to load full benefits after McConnell’s order, had its federal reimbursement frozen. The state’s SNAP account could be depleted as soon as Monday, leaving no money to reimburse stores that sell food to SNAP recipients, according to a court filing.

    New York Attorney General Letitia James said Monday that some cardholders have been turned away by stores concerned that they won’t be reimbursed — something she called to stop.

    New Jersey Attorney General Matt Platkin said Trump was fighting “for the right to starve Americans.”

    “It’s the most heinous thing I’ve ever seen in public life,” he said.

    The latest rulings keep payments on hold, at least for now

    States administering SNAP payments continue to face uncertainty over whether they can — and should — provide full monthly benefits during the ongoing legal battles.

    The Trump administration over the weekend demanded that states “undo” full benefits that were paid during a one-day window after a federal judge ordered full funding and before a Supreme Court justice paused that order.

    A federal appeals court in Boston left the full benefits order in place late Sunday, though the Supreme Court order ensures the government won’t have to pay out for at least 48 hours.

    “The record here shows that the government sat on its hands for nearly a month, unprepared to make partial payments, while people who rely on SNAP received no benefits a week into November and counting,” Judge Julie Rikleman of the U.S. 1st Circuit Court of Appeals wrote.

    U.S. District Judge Indira Talwani, presiding over a case filed in Boston by Democratic state officials, on Monday paused the USDA’s request from Saturday that states “immediately undo any steps taken to issue full SNAP benefits.”

    In a hearing later that Monday, Talwani said that communication to states was confusing, especially because the threat came just a day after USDA sent letters to states saying SNAP would be paid in full.

    Federal government lawyer Tyler Becker said the order was only intended for states to receive the full amount of SNAP benefits, and “had nothing to do with beneficiaries.”

    Talwani said she would issue a full order soon.

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    Associated Press writers Scott Bauer in Madison, Wisconsin; Margery Beck in Omaha, Nebraska; John Hanna in Topeka, Kansas; Kimberlee Kruesi in Providence, Rhode Island; Nicholas Riccardi in Denver; and Stephen Groves and Lindsay Whitehurst in Washington, D.C., contributed to this report.

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  • Trump unveils deal to expand coverage and lower costs on obesity drugs

    WASHINGTON (AP) — President Donald Trump unveiled a deal Thursday with drugmakers Eli Lilly and Novo Nordisk to expand coverage and reduce prices for the popular obesity treatments Zepbound and Wegovy.

    Known as GLP-1 receptor agonists, the drugs have soared in popularity in recent years, but patient access has been a consistent problem because of their cost — around $500 a month for higher doses — and insurance coverage has been spotty. More than 100 million American adults are obese, according to federal estimates.

    Coverage of the drugs for obesity will expand to Medicare patients starting next year, according to the administration, which said some lower prices also will be phased in for patients without coverage. Starting doses of new, pill versions of the treatments also will cost $149 a month if they are approved.

    “(It) will save lives, improve the health of millions and millions of Americans,” said Trump, in an Oval Office announcement in which he referred to GLP-1s as a “fat drug.”

    Thursday’s announcement is the latest attempt by the Trump administration to rein in soaring drug prices in its efforts to address cost-of-living concerns among voters. Pfizer and AstraZeneca recently agreed to lower the cost of prescription drugs for Medicaid after an executive order in May set a deadline for drugmakers to electively lower prices or face new limits on what the government will pay.

    As with the other deals, it’s not clear how much the price drop will be felt by consumers. Drug prices can vary based on the competition for treatments and insurance coverage.

    Obesity drugs are popular, but costly

    The obesity drugs work by targeting hormones in the gut and brain that affect appetite and feelings of fullness. In clinical trials, they helped people shed 15% to 22% of their body weight — up to 50 pounds or more in many cases.

    Patients usually start on smaller doses and then work up to larger amounts, depending on their needs. They need to stay on the the treatments indefinitely or risk regaining weight, experts say.

    The medications have proven especially lucrative for Lilly and Novo. Lilly said recently that sales of Zepbound have tripled so far this year to more than $9 billion.

    But for many Americans, their cost has made them out of reach.

    Medicare, the federally funded coverage program mainly for people ages 65 and over, now covers the cost of the drugs for conditions such as type 2 diabetes and cardiovascular disease, but not for weight loss alone. Trump’s predecessor, Joe Biden, proposed a rule last November that would have changed that, but the Trump administration nixed it.

    Few state and federally funded Medicaid programs, for people with low incomes, offer coverage. And employers and insurers that provide commercial coverage are wary of paying for these drugs in part because so many people might use them.

    The $500 monthly price for higher doses of the treatments also makes them unaffordable for those without insurance, doctors say.

    Trump tries to show he is in touch with cost-of-living concerns

    Thursday’s announcement comes as the White House is looking to demonstrate that Trump is in touch with Americans’ frustrations with rising costs for food, housing, health care and other necessities.

    “Trump is the friend of the forgotten American,” said Health and Human Services Secretary Robert F. Kennedy, Jr. at Thursday’s announcement. “Obesity is a disease of poverty. And overwhelmingly, these drugs have only been available for people who have wealth.”

    (Obesity rates actually are slightly higher for middle-income Americans than they are for those with the lowest and highest incomes, according to 2017-2020 data collected by the U.S. Centers for Disease Control and Prevention.)

    Kennedy had previously expressed skepticism about GLP-1s, but he was full of praise for Trump for pushing to help a broader segment of Americans have access to the drug.

    Trump, who has a history of commenting on people’s appearance, asked the officials who joined him in the Oval Office whether they had used the weight-loss medications.

    “Do you take any of this stuff, Howard?” Trump asked Commerce Secretary Howard Lutnick. “Not yet,” Lutnick replied. “He’s taking it,” the president said of Steven Cheung, who is the White House director of communications.

    The drug-pricing announcement came days after Democrats swept elections in races across the country. Economic worries were the dominant concern for those casting their ballots, according to findings from the AP voter poll.

    Plan calls for phased-in price reductions

    The White House sought to diminish price-reduction efforts by the previous Democratic administration as a gift to the pharmaceutical industry.

    Trump, instead, consummated a deal that ensures Americans aren’t unfairly financing the pharmaceutical industry’s innovation, claimed a senior administration official, who briefed reporters ahead of Thursday’s Oval Office announcement.

    Another senior administration official said coverage of the drugs will expand to Medicare patients starting next year. The program will start covering the treatments for people who have severe obesity and others who are overweight or obese and have serious health problems, the official said. Those who qualify will pay $50 copays for the medicine.

    Lower prices also will be phased in for people without coverage through the administration’s TrumpRx program, which will allow people to buy drugs directly from manufacturers, starting in January.

    Administration officials said the average price of the drugs sold on TrumpRx will start at around $350 and then drop to $245 over the next two years.

    A Novo Nordisk spokesperson declined to provide details on their pricing changes.

    Lilly said it will sell a starter dose of Zepbound for $299 a month and additional doses at up to $449. Both represent $50 reductions from current prices for doses it sells directly to patients.

    Administration officials said lower prices also will be provided for state and federally funded Medicaid programs. And starting doses of new, pill versions of the obesity treatments will cost $149 a month if they are approved.

    U.S. health regulators on Thursday separately agreed to dramatically expedite review of Lilly’s obesity pill, orforglipron. An FDA decision on Novo Nordisk’s Wegovy pill is expected later this year.

    Doctors who treat patients for obesity say help is needed to improve access. Dr. Leslie Golden says she has roughly 600 patients taking one of these treatments, and at least 75% struggle to afford them. Even with coverage, some face $150 copayments for refills.

    “Every visit it’s, ‘How long can we continue to do this? What’s the plan if I can’t continue?’” said Golden, an obesity medicine specialist in Watertown, Wisconsin. “Some of them are working additional jobs or delaying retirement so they can continue to pay for it.”

    ___

    AP Health Writer Matthew Perrone contributed to this report.

    ___

    The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education and the Robert Wood Johnson Foundation. The AP is solely responsible for all content.

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  • Zuckerberg, Chan shift bulk of philanthropy to science, focusing on AI and biology to curb disease

    REDWOOD CITY, Calif. (AP) — For the past decade, Dr. Priscilla Chan and her husband Mark Zuckerberg have focused part of their philanthropy on a lofty goal — “to cure, prevent or manage all disease” — if not in their lifetime, then in their children’s. But during that time, they also funded underprivileged schools, immigration reform and efforts around diversity, equity and inclusion.

    Now, the billionaire couple is shifting the bulk of their philanthropic resources to Biohub, the pair’s science organization, and focusing on using artificial intelligence to accelerate scientific discovery. The idea is to develop virtual, AI-based cell models to understand how they work in the human body, study inflammation and use AI to “harness the immune system” for disease detection, prevention and treatment.

    “I feel like the science work that we’ve done, the Biohub model in particular, has been the most impactful thing that we have done. So we want to really double down on that. Biohub is going to be the main focus of our philanthropy going forward,” Zuckerberg said Wednesday evening at an event at the Biohub Imaging Institute in Redwood City, California. Three other Biohub institutes — in New York, San Francisco and Chicago, focus on addressing different scientific challenges.

    Chan and Zuckerberg have pledged 99% of their lifetime wealth — from shares of Meta Platforms, where Zuckerberg is CEO — toward these efforts. Since 2016, when Biohub launched, they have donated $4 billion to basic science research, a figure that does not include operating expenses for running a large-scale computer cluster for life science research. The organization says it is now on track to double that amount over the next decade, with an operating budget of about $1 billion a year.

    Last week, singer Billie Eilish told an audience that included Chan and Zuckerberg that rich people should do more to address the world’s problems.

    “Love you all, but there’s a few people in here who have a lot more money than me,” she said, to a smattering of applause. “And if you’re a billionaire, why are you a billionaire? And no hate, but give your money away, shorties.”

    The Chan Zuckerberg Initiative, the couple’s charitable organization, has been faced with criticism recently for curtailing its other philanthropic work. Earlier this year, it stopped funding grants related to diversity, equity and inclusion, immigration advocacy and other issues currently in the crosshairs of the Trump administration — though the focus has been shifting to science and away from social issues for years, the couple says, long before the 2024 election.

    “So we basically looked at the ecosystem of science funding and decided that the place that we can make the biggest impact was on tool development,” Zuckerberg said. “And specifically working on long-term projects, 10 to 15 years, where the output of them was taking on a biological challenge that would produce a tool that scientists everywhere could use to accelerate the pace of science.”

    The organization earlier this year scrubbed its website’s mentions of DEI, including a statement saying “People of color and marginalized communities have experienced a long history of exploitation in the name of scientific research, and indeed science has itself been deployed as a tool of oppression.”

    “Going forward, Biohub will be our primary philanthropic effort and where we’ll dedicate the vast majority of our resources,” Zuckerberg and Chan said in a blog post Thursday. “We will continue our other philanthropic efforts as well, but the Chan Zuckerberg Initiative will serve as infrastructure and support for our initiatives.”

    Zuckerberg and Chan’s increased commitment to science research comes as the Trump administration has cut billions in scientific research and public health funding.

    Chan, who had worked as a pediatrician and treated children with rare diseases, says what she wanted “more than anything was a way to see what was happening inside their cells — how genetic mutations were expressed in different cell types and what, exactly, was breaking down.”

    “Until now, that kind of understanding has been out of reach. AI is changing that. For the first time, we have the potential to model and predict the biology of disease in ways that can reveal what’s gone wrong and how we can develop new treatments to address it,” she said.

    On Thursday, Chan and Zuckerberg also announced that Biohub has hired the team at EvolutionaryScale, an AI research lab that has created large-scale AI systems for the life sciences. Alex Rives, EvolutionaryScale’s co-founder, will serve as Biohub’s head of science, leading research efforts on experimental biology, data and artificial intelligence. The financial terms were not disclosed.

    Biohub’s ambition for the next years and decades is to create virtual cell systems that would not have been possible without recent advances in AI. Similar to how large language models learn from vast databases of digital books, online writings and other media, its researchers and scientists are working toward building virtual systems that serve as digital representations of human physiology on all levels, such as molecular, cellular or genome. As it is open source — free and publicly available — scientists can then conduct virtual experiments on a scale not possible in physical laboratories.

    Noting that Biohub launched when the couple had their first child, Chan listed off some of the organization’s accomplishments, ranging from building the largest single-cell data set, contributing to one of the largest human cell maps, building sensors to measure inflammation in real-time in living cells and researching rare diseases.

    That work continues, with a focus on using AI to advance biomedical research.

    “And to anchor it back onto the impact on patients, you know, why do this?” Chan said. “It’s like, why is a virtual cell important? We have cured diseases for mice and for flies and for zebrafish, many, many times. And that’s great. But we want to make sure that we are actually using biology to push the forefront of medicine for people — and that is so promising.”

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  • IRS Direct File won’t be available next year. Here’s what that means for taxpayers

    WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

    An email sent Monday from IRS official Cynthia Noe to state comptrollers that participate in the Direct File program said that “IRS Direct File will not be available in Filing Season 2026. No launch date has been set for the future.”

    The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical. However, it faced criticism from Republican lawmakers, who called it a waste of taxpayer money because free filing programs already exist (though they are difficult to use), and from commercial tax preparation companies, which have made billions from charging people to use their software.

    Treasury Secretary Scott Bessent, who is also the current IRS commissioner, told reporters at the White House on Wednesday that there are “better alternatives” to Direct File. “It wasn’t used very much,” he said. “And we think that the private sector can do a better job.”

    The Center for Taxpayer Rights filed a Freedom of Information Act request for IRS’ latest evaluation of the program and the report says 296,531 taxpayers submitted accepted returns for the 2025 tax season through Direct File. That’s up from the 140,803 submitted accepted returns in 2024.

    Direct File was rolled out as a pilot program in 2024 after the IRS was tasked with looking into how to create a “direct file” system as part of the money it received from the Inflation Reduction Act signed into law by Biden in 2022. The Democratic administration spent tens of millions of dollars developing the program.

    Last May, the agency under Biden announced that the program would be made permanent.

    But the IRS has faced intense blowback to Direct File from private tax preparation companies that have spent millions lobbying Congress. The average American typically spends about $140 preparing returns each year.

    The program had been in limbo since the start of the Trump administration as Elon Musk and the Department of Government Efficiency slashed their way through the federal government. But The Associated Press reported in April that the administration planned to eliminate the program, with its future becoming clear after the IRS staff assigned to it were told to stop working on its development for the 2026 tax filing season.

    As of Wednesday, the Direct File website states that “Direct File is closed. More information will be available at a later date.”

    The Washington Post and NextGov first reported on the email to state comptrollers confirming the program would not be offered next year.

    Adam Ruben, a vice president at the liberal-leaning Economic Security Project, said “it’s not surprising” that the program was eliminated.

    “Trump’s billionaire friends get favors while honest, hardworking Americans will pay more to file their taxes,” he said.

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  • Trump administration pledges to speed some student loan forgiveness after lawsuit

    NEW YORK (AP) — The Trump administration has agreed to resume student loan forgiveness for an estimated 2.5 million borrowers who are enrolled in certain federal repayment plans following a lawsuit from the American Federation of Teachers.

    Under the agreement reached Friday between the teachers union and the administration, the Education Department will process loan forgiveness for those eligible in certain repayment plans that offer lower monthly payments based on a borrower’s earnings. The government had stopped providing forgiveness under those plans based on its interpretation of a different court decision.

    The agreement will also protect borrowers from being hit with high tax bills on debt due to be forgiven this year.

    “We took on the Trump administration when it refused to follow the law and denied borrowers the relief they were owed,” AFT President Randi Weingarten said in a statement. “Our agreement means that those borrowers stuck in limbo can either get immediate relief or finally see a light at the end of the tunnel.”

    The Education Department said the Trump administration is reviewing forgiveness programs to identify ones that were not affected by court rulings that blocked much of the Biden administration’s efforts to cancel student debt.

    “The Administration looks forward to continuing its work to simplify the student loan repayment process through implementation of the President’s One Big Beautiful Bill Act,” the department said in a statement.

    Several forgiveness programs are included

    According to the deal, the Trump administration must cancel student debt for eligible borrowers enrolled in the following plans: income-driven repayment (IDR) plans, income-contingent repayment plans, Pay As You Earn (PAYE), and Public Service Loan Forgiveness (PSLF) plans.

    If borrowers have made payments beyond what was needed for forgiveness, those payments will be reimbursed. The Education Department must also continue to process IDR and PSLF “buyback” applications. Balances forgiven before Dec. 31 will not be treated as taxable income, as they will in 2026 due to a recent change in tax law.

    The administration must also file progress reports every six months with the court to show the pace of application processing and loan forgiveness, according to the AFT.

    How many borrowers are waiting for forgiveness?

    An estimated 2.5 million borrowers in IDR plans will be affected by the agreement, and another 70,000 are waiting for forgiveness through the PSLF program.

    Even with the agreement in place, mass layoffs at the Education Department could factor into processing times for forgiveness, said Megan Walter, senior policy analyst at the National Association of Student Financial Aid Administrators.

    If borrowers continue to make payments while their application is pending forgiveness, that will be refunded to them if they are successful, Walter said. “But keep really good records,” she said.

    What are the PSLF and buyback forgiveness programs?

    Public Service Loan Forgiveness, which has been in place since 2007, forgives federal student loans for borrowers who have worked at non-profit organizations or in public service after 120 payments, or 10 years. The Biden administration also created an option for borrowers to “buy back” months of payments they missed during forbearance or deferment in 2023, to allow more people to qualify for that forgiveness.

    To determine if you qualify for a buy-back under the PSLF program, consult this page at the Education Department.

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    The Associated Press receives support from Charles Schwab Foundation for educational and explanatory reporting to improve financial literacy. The independent foundation is separate from Charles Schwab and Co. Inc. The AP is solely responsible for its journalism.

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  • China says it will work with US to resolve issues related to TikTok

    President Donald Trump’s meeting Thursday with China’s top leader Xi Jinping produced a raft of decisions to help dial back trade tensions, but no agreement on TikTok’s ownership.

    “China will work with the U.S. to properly resolve issues related to TikTok,” China’s Commerce Ministry said after the meeting.

    It gave no details on any progress toward ending uncertainty about the fate of the popular video-sharing platform in the U.S.

    The Trump administration had been signaling that it may have finally reached a deal with Beijing to keep TikTok running in the U.S.

    Treasury Secretary Scott Bessent had said on CBS’s “Face the Nation” on Sunday that the two leaders will “consummate that transaction on Thursday in Korea.”

    Wide bipartisan majorities in Congress passed — and President Joe Biden signed — a law that would ban TikTok in the U.S. if it did not find a new owner to replace China’s ByteDance. The platform went dark briefly on a January deadline but on his first day in office, Trump signed an executive order to keep it running while his administration tries to reach an agreement for the sale of the company.

    Three more executive orders followed, as Trump, without a clear legal basis, extended deadlines for a TikTok deal. The second was in April, when White House officials believed they were nearing a deal to spin off TikTok into a new company with U.S. ownership. That fell apart when China backed out after Trump announced sharply higher tariffs on Chinese products. Deadlines in June and September passed, with Trump saying he would allow TikTok to continue operating in the United States in a way that meets national security concerns.

    Trump’s order was meant to enable an American-led group of investors to buy the app from China’s ByteDance, though the deal also requires China’s approval.

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    However, TikTok deal is “not really a big thing for Xi Jinping,” said Bonnie Glaser, managing director of the German Marshall Fund’s Indo-Pacific program, during a media briefing Tuesday. “(China is) happy to let (Trump) declare that they have finally kept a deal. Whether or not that deal will protect the data of Americans is a big question going forward.”

    “A big question mark for the United States, of course, is whether this is consistent with U.S. law since there was a law passed by Congress,” Glaser said.

    About 43% of U.S. adults under the age of 30 say they regularly get news from TikTok, higher than any other social media app, including YouTube, Facebook and Instagram, according to a Pew Research Center report published in September.

    A recent Pew Research Center survey found that about one-third of Americans said they supported a TikTok ban, down from 50% in March 2023. Roughly one-third said they would oppose a ban, and a similar percentage said they weren’t sure.

    Among those who said they supported banning the social media platform, about 8 in 10 cited concerns over users’ data security being at risk as a major factor in their decision, according to the report.

    The security debate centers on the TikTok recommendation algorithm — which has steered millions of users into an endless stream of video shorts. China has said the algorithm must remain under Chinese control by law. But a U.S. regulation that Congress passed with bipartisan support said any divestment of TikTok would require the platform to cut ties with ByteDance.

    American officials have warned the algorithm — a complex system of rules and calculations that platforms use to deliver personalized content — is vulnerable to manipulation by Chinese authorities, but no evidence has been presented by U.S. officials proving that China has attempted to do so.

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    Associated Press Writer Fu Ting contributed to this story from Washington.

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  • Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

    NEW YORK (AP) — It’s a tough time for the job market.

    Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors.

    Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spending. Others cite corporate restructuring more broadly — or, as seen with big names like Amazon, are redirecting money to artificial intelligence.

    Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were cut by the thousands. And many workers are now going without pay as the U.S. government shutdown nears its fourth week.

    “A lot of people are looking around, scanning the job environment, scanning the opportunities that are available to them — whether it’s in the public or private sector,” said Jason Schloetzer, professor business administration at Georgetown University’s McDonough School. “And I think there’s a question mark around the long-term stability everywhere.”

    Government hiring data is on hold during the shutdown, but earlier this month a survey by payroll company ADP showed that the private sector lost 32,000 jobs in September.

    Here are some companies that have moved to cut jobs recently.

    General Motors

    General Motors moved to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio on Wednesday, as the auto giant adjusts to slowing demand for electric vehicles.

    Hundreds of additional employees are reportedly slated for “temporary layoffs.” And GM has recently moved to downsize other parts of its workforce, too — including 200 layoffs mostly impacting engineers in Detroit, and other 300 job cuts at a Georgia IT Innovation Center, which it is also shuttering.

    Paramount

    In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount is going to lay off about 2,000 employees — about 10% of its workforce.

    Paramount initiated roughly 1,000 of those layoffs on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity. The rest of the cuts will be made at a later date.

    Amazon

    Amazon will cut about 14,000 corporate jobs as the online retail giant ramps up spending on artificial intelligence.

    Amazon said Tuesday that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spending on AI while trimming costs elsewhere. A letter to employees said most workers would be given 90 days to look for a new position internally.

    CEO Andy Jassy previously said he anticipated generative AI would reduce Amazon’s corporate workforce in the coming years. And he has worked to aggressively cut costs overall since 2021.

    UPS

    United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts, which arrive amid wider shifts in the company’s shipping outputs.

    In a Tuesday regulatory filing, UPS said it’s cut about 34,000 operational positions — and the company announced another 14,000 role reductions, mostly within management. Combined, that’s much higher than the roughly 20,000 cuts UPS forecast earlier this year.

    Target

    Last week, Target that it would eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally.

    Target said the cuts were part of wider streamlining efforts — with Chief Operating Officer Michael Fiddelke noting that “too many layers and overlapping work have slowed decisions.” The retailer is also looking to rebuild its customer base. Target reported flat or declining comparable sales in nine of the past eleven quarters.

    Nestlé

    In mid-October, Nestlé said it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance.

    The Swiss food giant said the layoffs would take place over the next two years. The cuts arrive as Nestlé and others face headwinds like rising commodity costs and U.S. imposed tariffs. The company announced price hikes over the summer to offset higher coffee and cocoa costs.

    Lufthansa Group

    In September, Lufthansa Group said it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial intelligence, digitalization and consolidating work among member airlines.

    Most of the lost jobs would be in Germany, and the focus would be on administrative rather than operational roles, the company said. The layoff plans arrived even as the company reported strong demand for air travel and predicted stronger profits in years ahead.

    Novo Nordisk

    Also in September, Danish pharmaceutical company Novo Nordisk said it would cut 9,000 jobs, about 11% of its workforce.

    Novo Nordisk — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring as the company works to sell more obesity and diabetes medications amid rising competition.

    ConocoPhillips

    Oil giant ConocoPhillips has said it plans to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs.

    A spokesperson for ConocoPhillips confirmed the layoffs on Sept. 3, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. At the time, ConocoPhillips had a total headcount of about 13,000 — or between 2,600 and 3,250 workers. Most reductions were expected to take place before the end of 2025.

    Intel

    Intel has moved to shed thousands of jobs — with the struggling chipmaker working to revive its business as it lags behind rivals like Nvidia and Advanced Micro Devices.

    In a July memo to employees, CEO Lip-Bu Tan said Intel expected to end the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the end of last year. The company previously announced a 15% workforce reduction.

    Microsoft

    In May, Microsoft began began laying off about 6,000 workers across its workforce. And just months later, the tech giant said it would be cutting 9,000 positions — marking its biggest round of layoffs seen in more than two years.

    The latest job cuts hit Microsoft’s Xbox video game business and other divisions. The company has cited “organizational changes,” with many executives characterizing the layoffs as part of a push to trim management layers. But the labor reductions also arrive as the company spends heavily on AI.

    Procter & Gamble

    In June, Procter & Gamble said it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce.

    The maker of Tide detergent and Pampers diapers said the cuts were part of a wider restructuring — also arriving amid tariff pressures. In July, P&G said it would hike prices on about a quarter of its products due to the newly-imposed import taxes, although it’s since said it expects to take less of a hit than previously anticipated for the 2026 fiscal year.

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