Asian Steel Stocks Retreat After Trump's New Tariff Threat
President Trump said Friday that tariffs on imported steel and aluminum would increase to 50% from 25%, effective Wednesday.
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31 minutes ago
Senate considers Michael Boren to lead Forest Service, despite clashing with agency
President Donald Trump's nominee to oversee the U.S. Forest Service has a history of clashing with the very agency that he soon could be leading. On Tuesday afternoon, the Senate Committee on Agriculture, Nutrition, and Forestry began the confirmation hearing for Michael Boren, an investment consultant, Idaho ranch owner and founder of a billion-dollar tech company. A bipartisan committee will assess Boren's qualifications and vote on his nomination. Boren, 62, has brawled with the U.S. Forest Service in recent years. One recent conflict involves building a cabin and clearing land within the Sawtooth National Forest near Stanley, Idaho, E&E News reported, citing agency correspondence and individuals familiar with the situation. He co-founded Boise-based tech company Clearwater Analytics and owns a 480-acre ranch, some of it within the Sawtooth National Recreation Area, according to the Idaho Mountain Express. The work on the property began before Boren was nominated, but the matter has not yet been resolved, according to the publication. Other disputes include diverting a stream, disputes over how Boren manages land within and around the national forest and disagreements about the precise locations of mining claims made by Boren's corporation, according to E&E News. A small airstrip on Boren's ranch also stirred uproar among neighbors who claim he was using it to land small planes before he was granted a conditional-use permit from the Forest Service, according to the report. Attorney Thomas Balducci, who represented Boren for the 2023 lawsuit regarding the airstrip, declined to provide a comment to ABC News. Boren's brother, David Boren, has also clashed with the Forest Service over a trail the agency built near his ranch. If confirmed as the undersecretary of Natural Resources and Environment, Boren would be responsible for day-to-day operations at the U.S. Forest Service, which manages more than 200 million acres of public land. Boren would report to U.S. Secretary of Agriculture Brooke Rollins. The Senate Agriculture Committee reviews presidential appointments to the Department of Agriculture's cabinet positions. After Tuesday's hearing, a full Senate confirmation will be required to complete Boren's appointment. Current members of the committee include John Boozman (R-AR), Mitch McConnell (R-KY) and Amy Klobuchar (D-MN). Boren was a donor to Trump's 2024 presidential campaign. On Jan. 16, Trump announced Boren's nomination on his social media platform Truth Social, describing him as "a successful businessman, who has founded six companies." "Michael will work to reinvigorate Forest Management at a time when it is desperately needed," Trump wrote. The nomination comes at a time of turmoil within the agency. On April 3, Rollins issued an ordered to remove environmental protections from about 112 million acres of national forests, and thousands of Forest Service employees have been fired in recent months. The Forest Service did not immediately respond to ABC News' request for comment. In a statement to the New York Times, the Forest Service wrote that Boren would "implement President Trump's America First agenda and ensure our forest system is properly managed, productive, and resilient. We look forward to his swift confirmation by the Senate."
Los Angeles Times
32 minutes ago
- Los Angeles Times
Trump administration revokes guidance requiring hospitals to provide emergency abortions
WASHINGTON — The Trump administration announced on Tuesday that it would revoke guidance to the nation's hospitals that directed them to provide emergency abortions to women when they are necessary to stabilize their medical condition. That guidance was issued to hospitals in 2022, weeks after the U.S. Supreme Court upended national abortion rights in the U.S. It was an effort by the Biden administration to preserve abortion access for extreme cases in which women were experiencing medical emergencies and needed an abortion to prevent organ loss or severe hemorrhaging, among other serious complications. An Associated Press investigation last year found that, even with that guidance, dozens of pregnant women were being turned away from emergency rooms, including some who needed emergency abortions. Biden argued that hospitals — including states with near-total bans — needed to provide emergency abortions under the Emergency Medical Treatment and Active Labor Act. That law requires emergency rooms that receive Medicare dollars to provide an exam and stabilizing treatment for all patients. Nearly all emergency rooms in the U.S. rely on Medicare funds. The Centers for Medicare and Medicaid Services, which investigates hospitals that are not in compliance, said in a statement Tuesday that it was rescinding the Biden-era guidance. The agency, however, will continue to enforce the law, 'including for identified emergency medical conditions that place the health of a pregnant woman or her unborn child in serious jeopardy.' But CMS added that it would also 'rectify any perceived legal confusion and instability created by the former administration's actions.' The Biden administration sued Idaho over its abortion law that initially only allowed abortions to save the life of the mother. The federal government had argued before the U.S. Supreme Court last year that Idaho's law was in conflict with the federal law, which requires stabilizing treatment that prevents a patient's condition from worsening. The U.S. Supreme Court issued a procedural ruling in the case last year that left key questions unanswered about whether doctors in abortion-ban states can terminate pregnancies when a woman is at risk of serious infection, organ loss or hemorrhage. Seitz writes for the Associated Press.
Bloomberg
32 minutes ago
- Bloomberg
AMC Theaters to Run Even More Commercials Before Movies Play
AMC Entertainment Holdings Inc. has agreed to run more advertising in its theaters, ending its yearslong opposition to commercials that come right before each movie. The largest US theater chain, AMC reached an agreement with National CineMedia Inc. to run the spots, according to people familiar with the matter. National CineMedia owns and operates an ad network in major theater chains, including AMC, Cinemark Holdings Inc. and Regal Cinemas.
