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CNN  —  President Donald Trump’s agenda has been thrown into chaos after a group of GOP hardliners blocked the bill in a key committee vote on Friday – dealing a major embarrassment to House Republican leaders and Trump himself. Speaker Mike Johnson and his leadership team will now spend the weekend trying to win over those Republicans before attempting to take that vote again, potentially as soon as Monday. But it will be a tough task to flip the right-wing Republicans, who are demanding more spending cuts from Medicaid and from federal clean energy programs, especially as Johnson must also…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. High earners would get a series of tax cuts in the latest House reconciliation plans , yet many could also be subject to a little-noticed tax hike that could limit their charitable giving and other deductions, according to experts. The language the House Ways and Means Committee released this week extends the 2017 tax cuts for high earners, including the lower top rate of 37%. The…

Check out the companies making headlines before the bell: Charter Communications — The cable stock rose 7% after Charter agreed to merge with rival Cox Communications . The combined company will change its name to Cox Communications within a year. Constellation Brands — Shares popped 3.4% after Berkshire Hathaway disclosed doubling its stake in the beer importer. Warren Buffett’s position is now worth around $2.2 billion. Applied Materials — The semiconductor manufacturer shed 5% after reporting fiscal second-quarter revenue of $7.10 billion, which came below the $7.13 billion analysts polled by LSEG had expected. Semiconductor revenue of $5.26 billion also…

Here are five key things investors need to know to start the trading day:1. Riding highThe S&P 500 is riding a four-day rally on the back of trade de-escalation and positive inflation reports, up 4.5% this week. The Dow Jones Industrial Average and the Nasdaq Composite are also higher on the week, up 2.6% and more than 6%, respectively. Callie Cox of Ritholtz Wealth Management called the recent gains a “sigh of relief in response to the U.S. bringing down tariff rates on China.” She added questions remain about how tariffs will impact the economy, “but at the moment, it…

In the latest episode of the TV game show, “The White House on Uber: How to pre-purchase a US President”, it appeared, fleetingly, as if the host was reading from the right script. US President Donald Trump said in Saudi Arabia that liberal interventionism was a disaster. That’s true. He said you can’t break and remake nations. Post-Soviet Russia, Afghanistan, Iraq, Libya, and Yemen are each testimony to that.  He stopped bombing Yemen and reversed decades of sanctions on Syria, blocking in the process two of Israel’s key routes to regional dominance: dividing Syria and starting a war with Iran. I…

Novo Nordisk CEO Lars Jorgensen testifies before a Senate Health, Education, Labor, and Pensions Committee hearing on U.S. prices for the weight loss drugs Ozempic and Wegovy, on Capitol Hill in Washington, U.S., September 24, 2024. Piroschka Van De Wouw | ReutersNovo Nordisk said Friday that CEO Lars Fruergaard Jørgensen is stepping down as the Wegovy maker seeks to revive its ailing fortunes amid increasing competition.The Danish pharmaceutical giant said Jørgensen, who was at the helm for eight years, would remain in his post “for a period to support a smooth transition to new leadership.” It added that the search for…

Sam MarsdenMoises LlorensMay 16, 2025, 07:10 AM ETLamine Yamal said winning more is all he has on his mind after helping Barcelona seal the LaLiga title on Thursday to complete a domestic treble.Yamal, 17, scored the opening the goal, a superb left-footed strike from outside the box, as Barça beat city rivals Espanyol 2-0 to move seven points clear of Real Madrid with just two games to play.Barça had already won the Copa del Rey and the Spanish Supercopa this season, beating Madrid in both finals, with the league making it three trophies in coach Hansi Flick’s first year at…

Trump has agreed to a deal with the United Arab Emirates to build a massive datacenter complex focused on artificial intelligence. It’s one of several AI deals announced during the president’s Middle East trip. Set to eventually be powered by five gigawatts of energy and span 10 square miles, the facility will use nuclear, solar and gas power to minimize emissions, according to the Commerce Department. It will be operated in partnership with U.S. companies. It will also offer the Gulf nation better access to advanced chips, and while the announcement did not name any U.S. companies, NVIDIA CEO Jensen Huang was…

Abu Dhabi, UAE CNN  —  US President Donald Trump just finished a lavish tour of Gulf Arab states, where every one of the three energy-rich nations he visited had a long wish list from the American leader. While those nations reaped some big rewards from the trip, they fell short of others. Saudi Arabia, Qatar and the United Arab Emirates all “wanted to showcase they were open for business, which they were able to do, and they wanted to get the US on side,” Dina Esfandiary, Middle East lead for Bloomberg Economics, told CNN. “They wanted to show that they…

People in entertainment Sean ‘Diddy’ Combs Prescription drugs Drugs in society See all topics Facebook Tweet Email Link Friday could be the final day on the stand for star witness Cassie Ventura, whose imminent childbirth has become a significant storyline in the trial of Sean “Diddy” Combs. After two days of the prosecution’s questioning, Cassie Ventura faced a tougher interrogation Thursday under cross-examination from Combs’ legal team. Ventura testified for about five and a half hours Thursday and answered questions about her sexts with Combs, whether anyone else knew about their drug-fueled sex parties known as “Freak Offs” and Combs’…