After Fierce Lobbying, Treasury Sets Rules for Billions in Hydrogen Subsidies
With a lucrative tax credit, the Biden administration is hoping to establish a new industry that might help fight climate change.
Read more at The New York Times
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Ozempic maker Novo Nordisk, after trial disappointment, expands AI deal in potential $4.6 billion pact
At least four analysts weighed in on the prospects for Europe’s second-largest company, Novo Nordisk, after the Danish drugmaker reported disappointing results for its next-generation weight-loss ...MarketWatch - 1h -
Bitcoin drops below $97,000 as Treasury yields pressure risk assets
Bitcoin slumped on Tuesday as a spike in Treasury yields weighed on risk assets broadly.CNBC - 16h -
US stocks slide as strong data sends Treasury yields higher
Investors bet Fed likely to lower interest rates just once this year after better than expected jobs and services figuresFinancial Times - 16h -
Four San Diego fraternity members charged after setting member on fire
Men charged with felonies after skit leads to third-degree burns over 16% percent of pledge’s body, prosecutors say. Four fraternity members at San Diego State University are facing felony charges ...The Guardian - 17h -
Fires Break Out Across Southern California Amid Fierce Winds
The region’s utility company said it was prepared to cut power to more than 400,000 customers to try to prevent more blazes.The New York Times - 17h -
Pelicans' Zion Williamson set for return vs. Timberwolves after two-month injury absence
Williamson has been sidelined since November due to a left hamstring strainCBS Sports - 19h -
CFPB finalizes rule to remove estimated $49 billion in medical debt from credit reports
Medical debt comprises the largest category of unpaid balances in collections. The CFPB wants to help ensure that doesn't ruin Americans' finances.CNBC - 21h -
Getty’s stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal
The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.MarketWatch - 1d -
Another year of big wage hikes likely at big Japan firms, business lobby chair says
Yahoo News - 1d -
CISA says 'no indication' other agencies impacted by Treasury hack
The Cybersecurity and Infrastructure Security Agency (CISA) said Monday that there is “no indication” other federal agencies were impacted by the recent breach at the Treasury Department. The ...The Hill - 1d -
30-year Treasury yield ends at highest since November 2023 after report of Trump tariff plans
Yields on U.S. government debt finished mostly higher on Monday as traders focused on a report about President-elect Donald Trump’s plans for applying tariffs.MarketWatch - 1d -
NFL playoffs are set after Lions clinch NFC North in final game of season
The Detroit Lions beat their division rival the Minnesota Vikings on Sunday night to win the NFC North and clinch the top spot in the conference. Keiana Martin of CBS Sports HQ breaks down Sunday's ...CBS News - 1d -
NFL playoff field set after Lions rout Vikings to earn NFC's top seed; Patriots fire Jerod Mayo
Detroit trounced Minnesota to win the NFC North and claim the postseason byeCBS Sports - 1d -
German electric vehicles sales collapse in 2024 after end of subsidy
Yahoo News - 1d -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - 2d -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - 2d -
6 Rules for Startup Fundraising
Lessons learned from my startup’s most recent fundraising round.Inc. - 3d -
Victor Wembanyama after 100 games: Set to turn 21, his numbers are staggering
Victor Wembanyama’s days as a 20-year-old in the NBA are overABC News - 4d -
Trump calls hush money case 'rigged charade' after judge sets sentencing date
President-elect Trump took to Truth Social to share his frustration after a judge set a Jan. 10 sentencing date in his New York hush money case, calling out a gag order which prevents him from ...The Hill - 4d -
Biden finalizes contentious hydrogen guidance
{beacon} Energy & Environment Energy & Environment The Big Story Biden loosens rules for hydrogen credits The Biden administration on Friday finalized fairly strict climate rules for the nascent ...The Hill - 4d -
Judge sets date for Trump hush-money sentencing but rules out prison term
President-elect will be sentenced for his 34 felony convictions on 10 January, Judge Juan Merchan rules. A judge on Friday set Donald Trump’s sentencing in his hush-money case for 10 January – ...The Guardian - 4d -
Treasury yields end higher after ISM’s stronger-than-expected manufacturing data
Yields on U.S. government debt finished slightly higher on Friday after a manufacturing-related reading showed signs of improvement for the struggling sector.MarketWatch - 4d -
Murkowski says she supports extending ObamaCare premium subsidies
Sen. Lisa Murkowski (R-Alaska) said she supports extending enhanced subsidies to help people afford premiums on ObamaCare plans ahead of what’s expected to be an intense debate among congressional ...The Hill - 4d -
Nuclear-Energy Stocks Gain After Easing of Hydrogen Tax-Credit Rules
The final rule for clean-hydrogen production would allow some nuclear power plants that are at risk of retirement to produce the gas.The Wall Street Journal - 4d -
NWSL expanding to Denver after 'record-setting' fee agreed
The National Women's Soccer League knows the location of its 16th team in the competition, according to reports in the United States.The Athletic and Sportico have shared that the league's newest ...Yahoo Sports - 4d -
US relaxes green hydrogen rules in race to boost sector
Biden administration’s Treasury delays stricter requirements for claiming tax credits ahead of Trump’s returnFinancial Times - 5d -
Biden administration adds exemptions into new climate rules for hydrogen energy
The Biden administration on Friday finalized fairly strict climate rules for the nascent hydrogen energy industry — but the rules contain new flexibilities that are expected to make them less ...The Hill - 5d -
Trump announces new treasury and ambassador nominees
President-elect Trump announced several appointments for his Treasury Department and choices for ambassadors for two European countries. In multiple Thursday Truth Social posts, Trump outlined who ...The Hill - 5d -
World Juniors 2025: Semifinals Set After Exciting Quarters With Canada Losing Again
The world juniors semifinals are set to feature the Sweden and Finland rivalry, while the USA will face a Czechia squad that eliminated Canada in the quarterfinal.Yahoo Sports - 5d -
Net neutrality rules defeated
Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story FCC's net neutrality rules overturned by court A federal appeals court ruled Thursday the Federal ...The Hill - 5d -
5 big lobbying battles ahead
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story K Street gears up for Trump 2.0 Lobbyists will have their hands full in 2025 with ...The Hill - 5d -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - 5d -
GOP lawmakers request Yellen briefing on Chinese hackers' Treasury breach
Republican lawmakers are swiftly urging the Treasury Department to provide answers on a recent cybersecurity attack from China that infiltrated various workstations, as outlined in ...The Hill - 5d -
5 lobbying fights looming in 2025
Lobbyists will have their hands full with several massive legislative battles coming early in a second Trump administration. President-elect Trump is poised to disrupt business as usual in ...The Hill - 6d -
Chinese government hackers targeted US Treasury office that administers sanctions – report
Treasury disclosed hack earlier this week, with Washington Post reporting targets were Office of Foreign Assets Control and Office of Financial Research. Chinese government hackers breached the US ...The Guardian - 6d -
As TikTok bill steams forward, online influencers put on their lobbying hats to visit Washington
Lawmakers are facing their latest lobbyists — online influencers from TikTokABC News - Dec. 23
More from The New York Times
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In Tibet, Earthquake Survivors Face Freezing Weather Conditions
Rescuers rushed to distribute blankets and tents to those displaced by the magnitude-7.1 quake that struck Tibetan villages near Nepal, toppling over 3,000 homes.The New York Times - 4h -
Why Does Trump Want the Panama Canal? Here’s What to Know
Treaties ratified by the Senate in 1978 established permanent neutrality, but some Republicans regret that decision.The New York Times - 21m -
Justin Trudeau’s Political Career in Photos
A magnet for cameras, Justin Trudeau was at the center of moments that defined Canada’s image over the last decade.The New York Times - 3h -
Former Cambodian Opposition Member Lim Kimya Killed in Bangkok
The shock killing of a former Cambodian politician stoked safety fears that Thailand is no refuge for those fleeing autocracy.The New York Times - 5h -
U.S. Says Sudan’s R.S.F. Committed Genocide and Sanctions Its Leader
A force fighting Sudan’s army in a brutal civil war committed massacres and rape that amount to genocide, the Secretary of State said, two decades after a finding of genocide in the same region.The New York Times - 15h
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Iran Frees Italian Journalist Cecilia Sala
Sala’s arrest in Tehran last month had sparked fears of a lengthy hostage crisis. Italy is expected to free Iranian businessman, wanted by the U.S., as part of a deal.The Wall Street Journal - 14m -
Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK borrowing costs rise again – business live
Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...The Guardian - 15m -
California wildfires live: more than 1,400 firefighters tackling three separate fires around LA
California’s governor says emergency services are ‘all hands on deck’ as wildfire spreads through Pacific Palisades. Celebrities among thousands to flee homes as LA wildfires rage Explainer: ...The Guardian - 15m -
What Is the U.K. ‘Grooming Gang’ Scandal Seized On by Elon Musk?
The billionaire tech mogul has been posting on his social media platform about a decade-old child sex abuse scandal in Britain. Here’s what to know.The New York Times - 15m -
Why Does Trump Want the Panama Canal? Here’s What to Know
Treaties ratified by the Senate in 1978 established permanent neutrality, but some Republicans regret that decision.The New York Times - 21m