Latest News “Stay informed with breaking news, world news, US news, politics, business, technology, and more at latest news.

Category: trump

Auto Added by WPeMatico

  • Cybersecurity takes a big hit in new Trump executive order

    Cybersecurity practitioners are voicing concerns over a recent executive order issued by the White House that guts requirements for: securing software the government uses, punishing people who compromise sensitive networks, preparing new encryption schemes that will withstand attacks from quantum computers, and other existing controls.

    The executive order (EO), issued on June 6, reverses several key cybersecurity orders put in place by President Joe Biden, some as recently as a few days before his term ended in January. A statement that accompanied Donald Trump’s EO said the Biden directives “attempted to sneak problematic and distracting issues into cybersecurity policy” and amounted to “political football.”

    Pro-business, anti-regulation

    Specific orders Trump dropped or relaxed included ones mandating (1) federal agencies and contractors adopt products with quantum-safe encryption as they become available in the marketplace, (2) a stringent Secure Software Development Framework (SSDF) for software and services used by federal agencies and contractors, (3) the adoption of phishing-resistant regimens such as the WebAuthn standard for logging into networks used by contractors and agencies, (4) the implementation new tools for securing Internet routing through the Border Gateway Protocol, and (5) the encouragement of digital forms of identity.

    Read full article

    Comments

  • Trump’s EPA to “reconsider” ban on cancer-causing asbestos

    Despite touting ambitious goals of making America healthier, the Trump administration on Monday revealed in court documents that it is backpedaling on a ban on cancer-causing asbestos.

    Last year, under the Biden administration, the Environmental Protection Agency took a long-awaited step to ban the last type of asbestos still used in the US—chrysotile asbestos, aka “white asbestos.” While use of chrysotile asbestos was on the decline, the dangerous mineral has lingered in various gaskets, brake blocks, aftermarket automotive brakes and linings, other vehicle friction products, and some diaphragms used to make sodium hydroxide and chlorine.

    With the ban, the US joined over 50 other countries around the world that had already banned its use due to health risks. Generally, asbestos is known to cause lung cancer, mesothelioma, ovarian cancer, and laryngeal cancer. Asbestos exposure is linked to more than 40,000 deaths in the US alone each year, the EPA noted at the time.

    Read full article

    Comments

  • World Bank sounds the alarm as tariff wars bite into global growth

    World Bank sounds the alarm as tariff wars bite into global growth

    The World Bank has slashed its global growth forecast, warning that President Trump’s tariffs and the resulting political uncertainty are dragging the world economy to its weakest non-recessionary pace since 2008.

    Read more…

  • CEOs are getting more confident about the economy — with a catch

    CEOs are getting more confident about the economy — with a catch

    More than half of American CEOs believe some semblance of stability will finally return to the U.S. economy by July, once the tumult of tariff news settles down.

    Read more…

  • Protesters summon, burn Waymo robotaxis in Los Angeles after ICE raids

    The robotaxi company Waymo has suspended service in some parts of Los Angeles after some of its vehicles were summoned and then vandalized by protesters angry with ongoing raids by US Immigration and Customs Enforcement. Five of Waymo’s autonomous Jaguar I-Pace electric vehicles were summoned downtown to the site of anti-ICE protests, at which point they were vandalized with slashed tires and spray-painted messages. Three were set on fire.

    The Los Angeles Police Department warned people to avoid the area due to risks from toxic gases given off by burning EVs. And Waymo told Ars that it is “in touch with law enforcement” regarding the matter.

    The protesters in Los Angeles were outraged after ICE, using brutal tactics, began detaining people in raids across the city. Thousands of Angelenos took to the streets over the weekend to confront the masked federal enforcers and, in some cases, forced them away.

    Read full article

    Comments

  • Pfizer, drug companies make ‘no commitments’ to White House about lowering drug prices

    <div>Pfizer, drug companies make 'no commitments' to White House about lowering drug prices</div>

    Cheaper pharmaceuticals won’t be on shelves any time soon, says the CEO of Pfizer. That’s despite an executive order signed last month declaring a war on drug prices, which at one point President Trump promised to cut by 90% in 30 days.

    Read more…

  • Apple, Oracle, Adobe and inflation: Stocks and economic data to watch this week

    Apple, Oracle, Adobe and inflation: Stocks and economic data to watch this week

    Last week, markets closed in the green, with the Dow, S&P 500, and Nasdaq all notching gains amid a bumper crop of political drama. The most explosive news came from the sudden and very public rupture between President Trump and Elon Musk, a feud that helped trigger Tesla’s (TSLA) worst stock plunge in over a year.

    Read more…

  • Shorts rake in $4 billion as Tesla stock sinks

    Shorts rake in $4 billion as Tesla stock sinks

    Short sellers made a killing Thursday as Tesla (TSLA) shares plunged 14%, their steepest single-day drop in over a year, with traders raking in some $4 billion on the bearish bets, per Ortex data.

    Read more…

  • What would happen if Trump retaliated against Musk’s companies?

    A remarkable schoolyard brawl erupted online Thursday between President Donald Trump and his former “First Buddy” Elon Musk during which the pair traded insults and barbs. The war of words reached a crescendo during the afternoon when Trump threatened Musk’s federal contracts.

    “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump wrote on his social media network, Truth Social, at 2:37 pm ET.

    Anyone with a reasonable grasp of reality understood that the “bromance” between the president of the United States and the most wealthy person in the world was going to blow up at some point, but even so, the online brouhaha that has played out Thursday is spectacular—at one point Musk suggested that Trump was in the Epstein files, for goodness’ sake.

    Read full article

    Comments

  • Trump hiring freeze is hurting inflation data collection: Report

    Trump hiring freeze is hurting inflation data collection: Report

    The U.S. inflation rate in April was almost negligible: 0.2% month-over-month, or 2.3% annually the lowest since 2021. Good news, right?

    Read more…