Trump gives first ’60 Minutes’ interview following CBS lawsuit settlement

Former US Treasury Secretary Larry Summers shares insights on the Federal Reserve's recent rate cut, emphasizing that Chair Jerome Powell's cautious approach is appropriate given the ongoing inflation concerns. He highlights the potential challenges posed by high deficits and global AI competition to US leadership. Additionally, Summers acknowledges President Trump's efforts in improving trade relations with China, while cautioning that this is just the beginning of a complex narrative.

Despite the complexities of international trade agreements, a source has confirmed that Russia's non-GMO soybean exports to China remain secure. This is significant as it highlights the resilience of agricultural trade between these two nations, even amidst the backdrop of the Trump-Xi trade deal discussions. It suggests that Russia's agricultural sector is well-positioned to meet China's demand, which could lead to strengthened economic ties.

A US judge has ruled that drugmakers involved in a skincare drug price-fixing scheme must face a lawsuit. This decision is significant as it highlights ongoing concerns about the pharmaceutical industry's pricing practices, particularly in the skincare sector, where consumers are often left to bear the financial burden. The outcome of this case could set a precedent for how drug pricing is regulated and could lead to greater accountability among manufacturers.

In a significant ruling, US judges have determined that the Trump administration cannot suspend food aid benefits, ensuring continued support for millions of Americans in need. This decision is crucial as it highlights the importance of food assistance programs, especially during challenging economic times. The ruling not only protects vulnerable populations but also reinforces the role of the judiciary in upholding social welfare policies.

Former President Donald Trump has instructed his legal team to seek clarification regarding the funding of food aid following recent court rulings. This move highlights the ongoing legal and political discussions surrounding food assistance programs and their funding sources, which are crucial for many Americans. Understanding the implications of these rulings could impact future policies and aid distribution.

A recent ruling has determined that President Trump cannot mandate voters to provide proof of citizenship, such as a passport, when registering to vote using federal forms. This decision is significant as it impacts the ongoing debate over voting rights and accessibility, ensuring that more citizens can participate in the electoral process without facing additional barriers.

The Federal Reserve is expected to maintain interest rates next year, buoyed by the anticipated economic boost from President Trump's fiscal policies. This decision reflects confidence in the economy's resilience and growth potential, which could lead to increased investments and consumer spending. As the Fed navigates these economic waters, the stability in rates may provide a favorable environment for businesses and individuals alike.

In a significant ruling, judges have ordered the Trump administration to tap into emergency reserves for SNAP payments during the government shutdown. This decision is crucial as it ensures that millions of Americans relying on food assistance will continue to receive support despite the funding crisis. The administration had previously claimed it couldn't access a $5 billion contingency fund for this purpose, but the court's intervention highlights the importance of maintaining essential services during challenging times.

Ford Motor Co. has disappointed investors by failing to uphold its promise of improving vehicle quality. Despite spending $4.8 billion in 2023 to address customer vehicle issues, the company continues to struggle with quality control, raising concerns about its long-term reliability and reputation. This situation is significant as it not only affects investor confidence but also impacts customer trust in the brand, which is crucial for Ford's future success.

Berkshire Hathaway has reported a significant increase in cash reserves alongside rising profits, which raises questions about the company's future direction, especially with Warren Buffett's eventual departure on the horizon. This financial strategy may indicate a cautious approach as the company prepares for leadership changes, making it a critical moment for investors and stakeholders to consider how these shifts could impact Berkshire's long-term stability and investment strategies.

Verizon's CEO has raised concerns about a significant number of customers leaving the company, highlighting the urgent need for the telecom giant to address this troubling trend. This situation matters because it reflects broader issues in customer satisfaction and competition in the telecom industry, which could impact Verizon's market position and profitability.

Scientists are investigating the potential connection between gold mining in the Amazon and disabilities in newborns. This research is crucial as it highlights the environmental and health impacts of mining activities, which can have long-lasting effects on vulnerable populations. Understanding this link could lead to better regulations and protections for both the environment and public health.

Amazon Prime Video has just launched its new #1 show, which has impressively achieved a perfect 100% score on Rotten Tomatoes. This is significant as it highlights the show's quality and the anticipation fans have had for its return, showcasing Amazon's commitment to delivering top-notch content.

Berkshire Hathaway has made headlines by offloading an additional $6.1 billion in stock, pushing its cash reserves to a record high for the quarter. This move comes as Warren Buffett, the company's legendary CEO, prepares for retirement, signaling a strategic shift in the conglomerate's investment approach. The increase in cash reserves not only reflects the company's strong financial health but also positions it for future opportunities, making it an exciting time for investors and stakeholders.