Latest news with #MakeAmerica
Reuters
22-05-2025
- Business
- Reuters
Trump proposing $6.8 bln budget for US FDA, commissioner says
WASHINGTON, May 22 (Reuters) - The Trump administration is proposing a $6.8 billion budget request for the U.S. Food and Drug Administration for the 2026 fiscal year, Commissioner of Food and Drugs Martin Makary said on Thursday. "The Trump administration is proposing a $6.8 billion budget for the FDA, including $3.2 billion in budget authority and 3.6 billion in user fees for fiscal year 2026," Makary told a U.S. Senate panel. "This allows us to take the necessary steps to support the Make America healthy again agenda, as we have already been busy implementing," he said at a hearing of the Senate Appropriations Committee's Subcommittee on Labor, Health and Human Services, Education, and Related Agencies to discuss the agency's portion of Trump's budget request.
The Hindu
09-05-2025
- Politics
- The Hindu
Decoding Trump: Disintegrating World Order
'For the first time, the attack is coming from within. The U.S. is breaking from within. The destruction of the world order did not start from the Trump administration. It started when China came to the WTO as a non-market economy,' opined T.S. Tirumurti. 'U.S. President Donald Trump is actually taking geo-political actions, and not transactional actions. Mr. Trump has been very consistent and is doing what he said he would in the first term,' he said while speaking with Suhasini Haidar, Diplomatic Affairs Editor for The Hindu. The Hindu Huddle 2025 Day 1 LIVE updates Dr. Srinath Raghavan says that United States is losing out on soft power, noting that Donald Trump is going after universities. He is responding to a question about students no longer being as interested in studying in American universities. Mr. Tirumurti said, 'In trying to make Make America Great Again, Trump shouldn't make China great again.'
Int'l Business Times
08-05-2025
- Health
- Int'l Business Times
Trump Picks Casey Means As Surgeon General Nominee, Replaces Janette Nesheiwat
President Donald Trump picked Dr. Casey Means for the role of U.S. Surgeon General after withdrawing the nomination of Dr. Janette Nesheiwat, according to the White House's announcement on Wednesday. The decision came just one day before Nesheiwat's Senate confirmation hearing was scheduled to begin. Trump took to social media to share that Dr. Means is highly qualified and will work closely with Health and Human Services Secretary Robert F. Kennedy, Jr. to carry out the administration's health agenda. He praised her academic background and career, saying she could become one of the most impactful Surgeon Generals in U.S. history. "Casey has impeccable 'MAHA' credentials, and will work closely with our wonderful Secretary of Health and Human Services, Robert F. Kennedy, Jr., to ensure a successful implementation of our Agenda in order to reverse the Chronic Disease Epidemic, and ensure Great Health, in the future, for ALL Americans," Trump said in a post on Truth Social. Trump also mentioned that Dr. Nesheiwat is expected to serve in another role within the Department of Health and Human Services. The U.S. Surgeon General, often called "the nation's doctor," is a physician responsible for guiding the public on health issues. This role includes releasing reports, advisories, and calls to action based on the latest scientific evidence, CNN reported. The Surgeon General also leads the U.S. Public Health Service Commissioned Corps, a team of uniformed officers working to improve the country's overall health. Nesheiwat, a family doctor from New York and former medical contributor on Fox News, was set to appear before the Senate for a confirmation hearing on Thursday. She is also the sister-in-law of National Security Adviser Mike Waltz, who faced internal scrutiny after mistakenly including a journalist in a group chat about sensitive military operations. Trump recently nominated Waltz to become the U.S. Ambassador to the United Nations. "I am looking forward to continuing to support President Trump and working closely with Secretary Kennedy in a senior policy role to Make America Healthy Again! My focus continues to be on improving the health and well-being of all Americans, and that mission hasn't changed," Nesheiwat wrote on X (formerly known as Twitter). I am looking forward to continuing to support President Trump and working closely with Secretary Kennedy in a senior policy role to Make America Healthy Again! My focus continues to be on improving the health and well-being of all Americans, and that mission hasn't changed. — Dr Janette Nesheiwat (@DoctorJanette) May 7, 2025 In March, the White House unexpectedly pulled its nomination of Dr. Dave Weldon to lead the CDC just before his Senate confirmation hearing was set to begin. The decision came after internal concerns were raised over his past remarks questioning vaccines. Later, Dr. Susan Monarez was put forward as the new nominee to head the agency.
Business Insider
06-05-2025
- Business
- Business Insider
Hollywood is the latest industry to get skittish about Trump's tariffs
Good morning! Some of the world's elite gathered for the Met Gala last night. (My invite must have got lost in the mail.) Here's a rundown on how the event went. We also made our picks for who was the best-dressed — and who missed the mark. In today's big story, President Donald Trump has targeted movies made outside the US with his latest tariffs, but no one really knows what it means. I know your inbox is already pretty full, but you're going to want to make room for this. Tech Memo, a weekly BI newsletter from Alistair Barr on what's happening at the world's most powerful tech companies, is launching soon. What's on deck Business: Austin is the first battleground for Tesla and Waymo's driverless taxis to face off. But first, lights! Cameras! Tariffs! If this was forwarded to you, sign up here. The big story Make America(n Movies) Great Again A walking film reel departs from a European container ship and approaches a customs officer awaiting exiting passengers. FILM REEL Hello! I'm the new summer blockbuster, and I'm ready for the big screen! CUSTOMS AGENT Not until you pay up on these tariffs! My first attempt at screenwriting might not make sense, but the same could be said for President Donald Trump's latest tariff announcement focused on Hollywood. On Sunday, the president said he'd save Hollywood from "dying a very fast death" due to productions shifting out of the country by imposing a 100% tariff on movies made outside the US. The problem, as Business Insider's Peter Kafka points out in this piece, is that no one quite understands what putting tariffs on films made outside the US means or how it would work. Trump isn't wrong that tax incentives and labor costs have led Hollywood to look overseas. But how would one enforce these tariffs? What level of work done on a movie outside the US would trigger the tariffs? And, as my short film above illustrates, how do you even tariff something that doesn't physically arrive here via cargo ships or planes? (You can read more about Peter's theories here. Hint: Tax breaks and other financial incentives.) Trump said Monday afternoon he was "not looking to hurt the industry; I'm looking to help." What's not debatable was the industry's initial reaction. Shares of top streamers and movie companies like Netflix and Walt Disney took a dip Monday morning. Maybe the best way to understand these latest tariffs is to look at them more holistically. At least, that was the pitch from Treasury Secretary Scott Bessent on Monday at the Milken conference, where BI's Bradley Saacks was in attendance. In front of a crowd of the world's biggest and most powerful asset managers, Bessent made the case that the administration's overall trade plans were part of a three-pronged approach. Tariffs, tax cuts, and deregulation work together " to solidify our position as the home of global capital," Bessent told the group. The framing was meant to help investors digest the volatile first 100 days of Trump's presidency, thanks largely to his focus on tariffs. Carlyle CEO Harvey Schwartz and Franklin Templeton CEO Jenny Johnson, who followed Bessent's speech, said tying together tariffs with deregulation and tax cuts was a good way to articulate Trump's broader plan. Whether the rest of the attendees agreed remains to be seen. 3 things in markets 1. It's time to start rooting for the rich. The wealthy don't like higher prices, but they're spending through it. Their buying habits are holding up the consumer-driven US economy — but if they start to cut back, everyone else will feel the contraction. 2. Berkshire Hathaway's stock tumbles on Buffett news. The conglomerate's stock dropped as much as 7% on Monday after Warren Buffett announced his retirement over the weekend. Shareholders are wondering what Berkshire will look like without Buffett at the helm. 3. Elite colleges are rushing to the bond market. MIT plans to sell $750 million worth of taxable bonds, according to May 2 preliminary offering documents. It joins a list of elite colleges that have tapped the bond market as the Trump administration threatens to slash federal funding for universities. 3 things in tech 1. Meta's "low performers" on those brutal layoffs. Eight former employees told BI what it was like to be caught in the company's sweeping job cuts — and the stigma that comes with being labeled a "low performer." 2. Amazon rewards consistently high performers. The retail giant is revamping its pay structure to better recognize and reward long-term high performers, per internal guidelines obtained by BI. The compensation overhaul reflects a wider trend happening across Big Tech. 3. Microsoft's controversial management approach. The software giant is putting some ousted low performers on a two-year rehiring ban and identifies these job cuts as "good attrition," according to an internal document viewed by BI. It's similar to hardcore performance-management strategies used at Meta and Amazon. 3 things in business 1. Tesla vs. Waymo. The two companies' driverless taxis will go head-to-head in Austin in June, when Tesla launches its services in the city. Here's how the robotaxis compare on cost, training, business strategy, and more. 2. OpenAI says its nonprofit will remain in control after all. In September, the AI giant announced it was moving to a for-profit business model. Read the letter CEO Sam Altman sent to employees explaining the decision to reverse course. 3. Google wants the star power. The tech company quietly launched a film and TV production initiative called 100 Zeros, BI has learned. Google hopes 100 Zeros will boost its image among Gen Z, but it plans to skip out on YouTube as a distributor. In other news Want to invest in Mira Murati's new AI startup? You'll have to pony up at least $50 million. Marc Andreessen thinks AI can do every job in the world — except his. Palantir praises DOGE cuts and compares the US government to 'fine-marbled wagyu.' Jon Voight says he's sent Trump a 'comprehensive plan' to 'make Hollywood great again.' What airlines are saying to people who don't have a Real ID yet. Warren Buffett's best and worst investments. How Salesforce is using AI career coaches to hire employees internally. Skims boss says prioritizing work-life balance is not a recipe for success — it's a red flag. My career has taken me to Goldman Sachs, JPMorgan, and Google. Here's what brought me back to Wall Street. Oil prices have crashed to four-year lows. That means cheaper gas for Americans hitting the roads this summer. Nvidia CEO says 'San Francisco is back' — and it's thanks to the AI gold rush. What's happening today Federal Open Market Committee meeting. Treasury Secretary Scott Bessent testifies at House Appropriations Committee hearing. President Trump hosts Canadian Prime Minister Mark Carney at the White House. The Business Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York. Hallam Bullock, senior editor, in London. Grace Lett, editor, in Chicago. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Elizabeth Casolo, fellow, in Chicago.
The Guardian
02-05-2025
- Business
- The Guardian
Trump proposes cutting $163bn in non-defense funds and boosting military
Donald Trump is proposing massive cuts to social programmes like health and education while planning substantial spending increases on defense and the Department of Homeland Security, in a White House budget blueprint that starkly illustrates his preoccupation with projecting military strength and deterring migration. Cuts of $163bn on discretionary non-defense spending would also see financial outlays slashed for environmental and non-renewable energy schemes, as well as for the FBI, an agency Trump has claimed was weaponised against him during Joe Biden's presidency. Spending reductions are also being projected for the Drug Enforcement Agency and the Bureau of Alcohol, Tobacco and Firearms. In contrast to the squeeze on discretionary social programmes, the administration is planning a 13% rise – to more than $1tn – in the Pentagon budget, a commitment at odds with Trump's frequent vows to end the US's involvement in 'forever war' in the Middle East and elsewhere. The figures for the White House's so-called 'skinny budget' for 2026 represent a 22.6% cut in spending from that projected in the current fiscal year, which ends on 30 September. They include massive cuts to the National Institutes of Health – which undertakes extensive research on cures for diseases like cancer – as well as for the Centers for Disease Control and Prevention, but provide funding of $500m for the Make America healthy again initiative spearheaded by Trump's health secretary, Robert F Kennedy Jr. By contrast, the Department of Homeland Security – which oversees border security – would see its spending boosted by 65% in a graphic illustration of Trump's intense focus on stemming the flow of migrants into the US. Non-defense discretionary spending refers to federal money that is reauthorised each year and generally covers areas like public health, transport and education. The latter sector faces cuts of $12bn under Trump's plan. But it does not cover the highly sensitive areas of Medicare, Medicaid and social security, which provides healthcare and support for retirees and the poor and which the president has vowed to leave untouched. That has drawn widespread scepticism from Democrats, who accuse the Republican of plotting cuts to the programmes to pay for an extension of Trump's massive 2017 tax cuts. The spending clampdown is consistent with the professed goals of Elon Musk's unofficial 'department of government efficiency' team, also known as Doge, which has infiltrated multiple federal agencies – including the Department of Social Security – in a supposed quest for 'waste, fraud and abuse'. Doge's aggressive onslaught has included the almost total shuttering of USAID, the federal agency for foreign assistance. The budget projections assumes large-scale cuts to foreign aid. Russell Vought, director of the White House office of management and budget and a proponent of large-scale cuts to the federal workforce, said the plan was intended to tackle 'wasteful spending and bloated bureaucracy'. 'At this critical moment, we need a historic budget – one that ends the funding of our decline, puts Americans first, and delivers unprecedented support to our military and homeland security,' he said.
