President-elect Donald Trump 's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the United States, though the path forward remains unclear. ET Year-end Special Reads Gold outshines D-St with 20% returns, but 2025 may be different The year of the pause: How RBI maneuvered its policy in 2024 2024, the year India defeated China's salami-slicing strategy "We got to keep this sucker around for a little while," Trump told supporters on Sunday, just days after meeting with TikTok CEO Shou Zi Chew in Florida. Instagram and Facebook Trump, who credits the wildly popular platform with delivering him a large young user base, opposes banning TikTok partly because he believes it would primarily benefit Meta, the Mark Zuckerberg-led company behind Instagram and Facebook. The situation is complex, according to University of Richmond School of Law professor Carl Tobias, given the various potential solutions and Trump's unpredictable nature. 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US officials and lawmakers grew wary of the potential for the Chinese government to influence ByteDance or access the data of TikTok's American users. Even with Trump's decisive election victory and incoming Republican-led Congress, acquiescing to the president-elect's desire and preventing the ban faces significant hurdles. The law enjoyed rare bipartisan support in a divided Washington, making its outright repeal through a vote in Congress politically unlikely even with Trump's influence over Republicans. US Supreme Court and TikTok The Supreme Court may offer the clearest path forward. TikTok has appealed to the nation's highest court, arguing the law violates First Amendment rights to free speech. The court, which is dominated by Trump-aligned conservatives, will hear the case on January 10, just nine days before the ban takes effect. This follows a lower appeals court's unanimous decision to uphold the law in December. Another possibility, according to Tobias, is that a Trump-led Department of Justice could determine ByteDance has addressed the law's national security concerns. However, such a move would likely be seen as caving to China by Congress and others. The final option is ByteDance selling to a non-Chinese buyer, though the company has consistently refused this possibility. With 170 million monthly active users, acquiring TikTok's US operations would require substantial resources. As president, Trump could extend the ban deadline by 90 days to facilitate a transaction. Potential TikTok Buyers Few potential buyers have emerged, with major tech companies likely deterred by antitrust concerns. Former Trump Treasury secretary Steve Mnuchin, who runs a private equity fund backed by Japan's SoftBank Group and Abu Dhabi's Mubadala sovereign wealth fund, has expressed interest. During a recent event with Trump, SoftBank CEO Masayoshi Son pledged to invest $100 billion in the US economy, though specific investments weren't detailed. Other contenders include US real estate billionaire Frank McCourt, who aims to make social media safer through his Project Liberty organization. Elon Musk, given his proximity to Trump and ownership of X, could also have a role to play, as he has expressed plans to transform the text-focused platform into something more like TikTok. A senior Republican lawmaker recently suggested Trump might orchestrate a "deal of the century" satisfying both US concerns and ByteDance's interests. The chairman of the US House committee on China, John Moolenaar, told Fox News Digital that once ByteDance accepts it must comply with US law, the situation could progress rapidly. Any agreement would need Beijing's approval, with US-China relations expected to remain tense during Trump's upcoming term. This isn't the first attempt to resolve TikTok's US status. In 2020, Trump also threatened a ban unless ByteDance sold its US operations. While Oracle and Walmart reached a preliminary agreement with ByteDance for ownership stakes, legal challenges and the transition to the Biden administration prevented the deal's completion. FAQs Q1. Is TikTok banned in US? A1. No. TikTok is yet to be banned in the US. Q2. When will Donald Trump become US President? A2. Donald Trump will become President on January 20, 2025. ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our Economic Times WhatsApp channel )
CHARLESTOWN, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Solid Biosciences Inc. (Nasdaq: SLDB) (the “Company” or “Solid”), a life sciences company developing precision genetic medicines for neuromuscular and cardiac diseases, today announced that it was added to the Nasdaq Biotechnology Index ® (Nasdaq: NBI) effective prior to the market open on Monday, December 23, 2024. The Nasdaq Biotechnology Index is designed to track the performance of a set of securities listed on The Nasdaq Stock Market ® (Nasdaq ® ) that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark (ICB). The NBI is calculated under a modified capitalization-weighted methodology. Companies in the NBI must meet eligibility requirements, including minimum market capitalization, average daily trading volume, and seasoning as a public company, among other criteria. Nasdaq selects constituents once annually in December. For more information about the Nasdaq Biotechnology Index, please visit https://indexes.nasdaqomx.com/Index/Overview/NBI . About Solid Biosciences Solid Biosciences is a precision genetic medicine company focused on advancing a portfolio of gene therapy candidates including SGT-003 for the treatment of Duchenne muscular dystrophy (Duchenne), SGT-501 for the treatment of catecholaminergic polymorphic ventricular tachycardia (CPVT), SGT-601 for the treatment of TNNT2-mediated dilated cardiomyopathy, SGT-401 for the treatment of BAG3-mediated dilated cardiomyopathy, and additional assets for the treatment of fatal cardiac diseases. Solid is advancing its diverse pipeline across rare neuromuscular and cardiac diseases, bringing together experts in science, technology, disease management, and care. Patient-focused and founded by those directly impacted, Solid’s mandate is to improve the daily lives of patients living with these devastating diseases. For more information, please visit www.solidbio.com . Solid Biosciences Investor Contact: Nicole Anderson Director, Investor Relations and Corporate Communications Solid Biosciences Inc. investors@solidbio.com Media Contact: Glenn Silver FINN Partners glenn.silver@finnpartners.com
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President-elect Donald Trump has once again suggested he wants to revert the name of North America’s tallest mountain — Alaska’s Denali — to Mount McKinley, wading into a sensitive and about what the peak should be called. Related Articles Former President Barack Obama changed the official name to Denali in 2015 to reflect the as well as the preference of many Alaska residents. The federal government in recent years has endeavored considered disrespectful to Native people. “Denali” is an Athabascan word meaning “the high one” or “the great one.” A prospector in 1896 dubbed the peak “Mount McKinley” after President William McKinley, who had never been to Alaska. That name was formally recognized by the U.S. government until Obama changed it over opposition from lawmakers in McKinley’s home state of Ohio. Trump suggested in 2016 that he might undo Obama’s action, but he dropped that notion after Alaska’s senators objected. He raised it again during a rally in Phoenix on Sunday. “McKinley was a very good, maybe a great president,” Trump said Sunday. “They took his name off Mount McKinley, right? That’s what they do to people.” Once again, Trump’s suggestion drew quick opposition within Alaska. “Uh. Nope. It’s Denali,” Democratic state Sen. Scott Kawasaki posted on the social platform X Sunday night. , who for years pushed for legislation to change the name to Denali, conveyed a similar sentiment in a post of her own. “There is only one name worthy of North America’s tallest mountain: Denali — the Great One,” Murkowski wrote on X. Various tribes of Athabascan people have lived in the shadow of the 20,310-foot (6,190-meter) mountain for thousands of years. McKinley, a Republican native of Ohio who served as the 25th president, was assassinated early in his second term in 1901 in Buffalo, New York. Alaska and Ohio have been at odds over the name since at least the 1970s. Alaska had a standing request to change the name since 1975, when the legislature passed a resolution and then-Gov. Jay Hammond appealed to the federal government. Known for its majestic views, the mountain is dotted with glaciers and covered at the top with snow year-round, with powerful winds that make it difficult for the adventurous few who seek to climb it.'We have to remain strong': Striking London postal workers hold solidarity rally
Man United wonderkid Chido Obi-Martin celebrates landmark moment with another goal for the under-18s after signing from Arsenal this summer Chido Obi-Martin has continued his impressive start to his Man United career The 17-year-old signed his first professional contract with the club this week This Man City team is DONE and Pep Guardiola has been sleeping on the job - LISTEN NOW to It's All Kicking Off! New episodes every Monday and Thursday By ADRIAN BISHOP Published: 21:21, 30 November 2024 | Updated: 21:21, 30 November 2024 e-mail View comments Manchester United starlet Chido Obi-Martin's prolific start to life at his new club continued as he netted for the under-18s in their win over Stoke on Saturday. After winning a penalty after being brought down following a darting run into the box late in the second half, Obi-Martin stepped up to take the resulting spot kick and duly converted to give United the lead. Fellow academy prospects James Scanlon and Dante Plunkett added further goals to secure a 3-0 victory for Adam Lawrence's side. By opening the scoring Obi-Martin took his tally to 37 goals in the U18 Premier League , marking a new record in the competition. Obi-Martin's stock has continued to rise since United were able to prize the Danish youth international from Arsenal this summer. After breaking multiple records and training with the Arsenal's first team aged just 15, Obi-Martin was offered a scholarship contract by the north London club but ultimately elected to turn it down in order to join United. Chido Obi-Martin celebrated a career landmark with a goal for Man United's under-18s 17-year-old converted a second-half penalty as United comfortably defeated Stoke on Saturday The goal comes after Martin signed his first professional contract, just months after joining United from Arsenal Manchester United u18s 1-0 Stoke City u18s. Chido Obi-Martin expertly spins his man and wins the penalty and then takes his chance from the spot! He even tried to give Amir Ibragimov the penalty! #MUFC #MUAcademy pic.twitter.com/NaUraiDmeM — UnitedAnalyst (@UnitedAnalyst7) November 30, 2024 The highly-touted striker signed his first professional contract with United this week ahead of his 17th birthday on Friday. During his time at the Gunners, Obi-Martin scored a record-breaking 32 goals in just 20 appearances for the Gunners' Under-18 side. His return last season was the most ever scored by an Arsenal player at that level in a single campaign, beating the previous record held by Folarin Balogun. Last season Obi-Martin scored ten goals in one game for Arsenal Under-16s against Liverpool. He also hit seven goals for the Under-18s against Norwich and scored five against West Ham. Manchester United Share or comment on this article: Man United wonderkid Chido Obi-Martin celebrates landmark moment with another goal for the under-18s after signing from Arsenal this summer e-mail Add comment
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