Author: Newyorki

Former President Donald Trump has confirmed he will not nominate current Treasury Secretary Scott Bessent as the next Federal Reserve Chair, narrowing the field of candidates to replace Jerome Powell when his term ends in May 2026. Speaking to CNBC on Tuesday, Trump said he had approached Bessent about the potential move, but the Treasury Secretary declined. “I love Scott, but he wants to stay where he is. He does not want it,” Trump said. “He likes being Treasury secretary. He’s doing a really good job.” Trump indicated he is now considering four candidates for the top post at the…

Pfizer, the U.S.-based pharmaceutical giant, has announced an upward revision of its full-year profit outlook, citing strong progress in its cost-cutting initiatives and ongoing political pressure from U.S. President Donald Trump to reduce drug prices. On Tuesday, Pfizer increased its guidance for adjusted earnings per share by $0.10, setting a new range of $2.90 to $3.10. This revised forecast takes into account a one-time cost related to its licensing deal with Chinese biotech firm 3SBio, signed earlier this year. Following the announcement, Pfizer shares rose 5.2% on the New York Stock Exchange. Multi-Billion-Dollar Cost-Saving Plan The company is currently implementing…

In a move drawing sharp criticism from economists and political observers, U.S. President Donald Trump has dismissed Bureau of Labor Statistics (BLS) Commissioner Erika McEntarfer following the release of disappointing job figures for July. The BLS reported sluggish non-farm payroll growth and revised job creation estimates from previous months downward by 258,000 — data that reportedly enraged the president. Without presenting evidence, Trump accused McEntarfer of manipulating the figures, claiming, “Important numbers like this must be fair and accurate, they can’t be manipulated for political purposes.” However, experts argue that Trump’s response could have the opposite effect — undermining the…

Former U.S. President Donald Trump has reignited controversy over alleged political bias in the banking sector, claiming that major financial institutions, including JPMorgan Chase and Bank of America, refused to do business with him following his departure from the White House in 2021. In a recent appearance on CNBC, Trump stated that JPMorgan informed him his accounts were being closed, despite a relationship spanning nearly four decades. “I was loaded up with cash and they told me, ‘I’m sorry, sir, we can’t have you. You have 20 days to get out’,” he said. “I’ve been with you for 35, 40…

A controversial redistricting initiative in Texas, backed by former President Donald Trump, has ignited a fierce political battle that threatens to reshape the U.S. electoral landscape ahead of the 2026 midterm elections. The dispute over congressional maps is intensifying partisan divisions, drawing in both Democratic and Republican leaders from across the country. Trump, speaking in a recent television interview, urged Texas Governor Greg Abbott to push forward with a redrawing of congressional districts that could secure up to five additional Republican seats. The former president emphasized his support by saying, “We have an opportunity in Texas to pick up five…

In a bold move to support Florida’s dwindling tomato industry, former U.S. President Donald Trump has imposed a 17% anti-dumping duty on Mexican tomato imports, marking a significant intervention in agricultural trade. The measure, enacted in July, is aimed at protecting American growers from what they claim are unfair pricing practices by Mexican producers. Florida’s Shrinking Tomato Fields Once covering more than 60,000 acres in the 1990s, Florida’s tomato cultivation has shrunk by more than half. Many local farmers attribute this decline to Mexico’s growing dominance in the U.S. tomato market. Today, Mexican producers supply over 60% of all fresh…

President Donald Trump has revealed a significant overhaul of the White House Rose Garden, transforming the historic green space into a white stone patio. The redesign has drawn both praise and criticism, with Trump emphasizing its functional improvements and visual alignment with the White House architecture. During an August 3 press briefing, Trump defended the renovation, explaining that the grassy lawn often became unusable due to poor drainage. “When we had a press conference, you’d sink into the mud,” he said. “It was grass and it was very wet, always wet and damp… if it rained it would take days…

The state of Texas has become the epicenter of a fierce political struggle over congressional redistricting that could reshape the U.S. House of Representatives and influence the remainder of President Donald Trump’s term in office. Republican lawmakers in Austin are pushing through a controversial redistricting plan aimed at securing five additional GOP-leaning congressional districts. The effort, prompted by pressure from Trump allies concerned about losing the House in the 2026 midterms, has triggered a dramatic response from Democratic legislators, who left the state to block the measure by denying the Texas House the quorum required to vote. GOP Pushes Mid-Decade…

Texas Governor Greg Abbott has issued arrest warrants for more than 50 Democratic lawmakers who left the state in an effort to block a controversial redistricting vote intended to strengthen Republican control in the U.S. House of Representatives. The lawmakers departed Texas ahead of a scheduled vote to redraw congressional districts, a move that would likely give Republicans five additional seats in Congress ahead of the 2026 midterm elections. The absence of the Democratic legislators deprived the Republican-led state House of the quorum required to proceed. “Texas House Democrats abandoned their duty to Texans. There are consequences for dereliction of…

American agricultural groups significantly increased their lobbying efforts in Washington during the first half of 2025, seeking protections and regulatory relief amid President Donald Trump’s intensified immigration crackdown. According to disclosures filed with the U.S. Senate and compiled by the non-profit Open Secrets, agricultural organizations spent nearly $29 million on lobbying from January to June, up from $23 million during the same period last year. The surge in spending reflects rising concern among farm operators over access to labor and the costs of regulatory compliance, as well as efforts to shape trade and tax policy. Farmers Caught Between Immigration Policy…