Author: News Room
Late Wednesday night, members of the International Olympic Committee gathered for a dinner at the Olympic Museum on the banks of Lake Geneva. The next morning, they would see presentations from seven candidates vying to be their leader, a role that would by most measures be the most important in international sports.At the closed-doors gathering, the outgoing president, Thomas Bach, ensured that the members present — the people who determine who will eventually lead the I.O.C. — were kept apart from the candidates. It was, he said perhaps jokingly, so they could enjoy their meals in peace.It was a scene…
Viewership for the Grammys slipped to 15.4 million on Sunday night, according to Nielsen, a 9 percent decline compared with last year’s ceremony.The viewership drop snaps a three-year streak for the Grammys. Ratings steadily increased during that period, culminating with nearly 17 million viewers for last year’s show. Ratings had started to climb after 2021, when a stripped-down pandemic ceremony saw its audience fall to roughly nine million viewers.Even with the decline this year, the Grammys, which aired on CBS and streamed on Paramount+, is well positioned to be one of the most-watched entertainment shows of 2025. And its ratings…
For about a week leading up to the A.F.C. championship game, Meredith Nolan had been living on a hulking research vessel parked in an Antarctic port. The ship, called the Noosfera, had been waiting for favorable sea conditions before plowing into the icy waters below the southern tip of South America.It was late January, and Nolan was headed home after spending three months at Palmer Station, a tiny American research base in Antarctica.She had been studying the effects of climate change on zooplankton, and, in her spare moments, cheering for her favorite football team, the Buffalo Bills. She wore a…
Two senators plan to introduce a bill on Tuesday to impose a tight cap on credit card interest rates, reviving a proposal that is sure to draw howls from banks and other lenders.A lid on credit card rates has been a white whale of sorts for consumer advocates and others for generations, with efforts falling short during the administrations of Presidents George H.W. Bush and Barack Obama. The idea received new life in September when President Trump, then on the campaign trail, said he supported a temporary 10 percent limit on credit card rates “while working Americans catch up.”That exact…
The trade fight with China is officially on, with Washington and Beijing exchanging blows that could raise prices on an array of goods. And President Trump has threatened to target the European Union next.But as Monday’s whirlwind of news, including last-minute reprieves for Canada and Mexico, showed, it’s hard to figure out what Trump will use to declare victory — or what the costs of the tariffs-as-policy approach will be. We dive into all of this below.Also, we have a scoop on a top deal maker returning to Goldman Sachs, and we weigh the odds for various TikTok bidders.Another trade…
There’s a new parlor game on Wall Street: guessing TikTok’s next owner.President Trump signed an executive order in January that delayed enforcement of a law that banned the popular video app. Under the order, the app must now be sold to a non-Chinese owner by early April.Since he signed the order, Mr. Trump has dropped a flurry of sometimes conflicting hints about how the next several weeks could play out: He has suggested he wants a bidding war; he has said the United States should own part of the app; he has named Microsoft and Elon Musk as potential buyers,…
The people running CRG Automation are not openly rooting for global economic chaos, but they concede that they are in a perfect position to profit from it.The more that international trade is challenged by uncertainty — like President Trump’s threatened tariffs, or conflicts and crises that impede shipping — the greater the pressure on companies to move factory production to American shores.But making goods in the United States means confronting higher wages and shortages of skilled workers. Which is where CRG Automation comes in.At its plant in Louisville, Ky., engineers design and build systems that allow robots to take over…
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts they should make given strong economic growth, lingering inflation and huge uncertainty ahead of Donald J. Trump’s return to the White House.Weeks later, they unanimously pressed pause on rate cuts and now appear unified in their view that the central bank should tread carefully and take its time to see how the economy is evolving under a new administration.Mary C. Daly, president of the Federal Reserve Bank of San Francisco, reaffirmed that approach in an interview on Monday, saying the…
After more than three decades of planning and a $250 million investment, Lykos Therapeutics’ application for the first psychedelic drug to reach federal regulators was expected to be a shoo-in.Lykos, the corporate arm of a nonprofit dedicated to winning mainstream acceptance of psychedelics, had submitted data to the Food and Drug Administration showing that its groundbreaking treatment for post-traumatic stress disorder — MDMA plus talk therapy — was significantly more effective than existing treatments.At a pivotal public hearing last summer, two dozen scientists, doctors and trauma survivors told an F.D.A. advisory panel how MDMA-assisted therapy had brought marked relief from…
President Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing to crack down on fentanyl shipments into the United States.The tariffs, which Mr. Trump said on Monday were an “opening salvo,” come on top of levies that the president imposed during his first term. Many Chinese products already face a 10 or 25 percent tariff and the move will add a 10 percent tariff to more than $400 billion of goods Americans purchase from China each year.Mr. Trump had been…