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MNI POLITICAL RISK - Trump's Antitrust Team Takes Shape

Daily round-up of news from the US.
StoryPolitical Risk

Executive summary:

  • US President-elect Donald Trump has nominated Andrew Ferguson to serve as his FTC Chair. He will join Gail Slater at the DOJ’s antitrust division to steer an antitrust policy that is expected to be friendlier on mergers and acquisitions but hawkish on big tech.
  • House Speaker Mike Johnson (R-LA) expects to have the final shape of a Continuing Resolution to avert a government shutdown ready today.
  • Trump said he would expedite approvals and permits for entities investing over USD$1 billion in the United States.
  • The House of Representatives will vote today on the FY2025 National Defense Authorisation Act. The final package comes in at roughly USD$884 billion – a 1% increase from the FY24 package.  
  • The top Republican tax writer in the House is the primary holdout against incoming Senate Majority Leader John Thune’s (R-SD) plan to divide Trump’s legislative agenda into two major filibuster-proof reconciliation bills. 
  • The USTR is expected to announce new tariffs on China’s cleantech industry.
  • Treasury announced a new USD$20 billion loan to Ukraine. The Biden administration is reportedly weighing harsher sanctions against Russia’s oil trade.
  • National Security Advisor Jake Sullivan arrives in the Middle East today for another run at a Gaza ceasefire-for-hostage deal.
  • Trump nominated Ronald Johnson, to serve as Ambassador to Mexico and Tom Barrack to serve as Ambassador to Turkey.
  • Poll of the Day: 44.6% of Ukrainians trust Trump.

Please find the full article attached below: US Daily Brief

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Executive summary:

  • US President-elect Donald Trump has nominated Andrew Ferguson to serve as his FTC Chair. He will join Gail Slater at the DOJ’s antitrust division to steer an antitrust policy that is expected to be friendlier on mergers and acquisitions but hawkish on big tech.
  • House Speaker Mike Johnson (R-LA) expects to have the final shape of a Continuing Resolution to avert a government shutdown ready today.
  • Trump said he would expedite approvals and permits for entities investing over USD$1 billion in the United States.
  • The House of Representatives will vote today on the FY2025 National Defense Authorisation Act. The final package comes in at roughly USD$884 billion – a 1% increase from the FY24 package.  
  • The top Republican tax writer in the House is the primary holdout against incoming Senate Majority Leader John Thune’s (R-SD) plan to divide Trump’s legislative agenda into two major filibuster-proof reconciliation bills. 
  • The USTR is expected to announce new tariffs on China’s cleantech industry.
  • Treasury announced a new USD$20 billion loan to Ukraine. The Biden administration is reportedly weighing harsher sanctions against Russia’s oil trade.
  • National Security Advisor Jake Sullivan arrives in the Middle East today for another run at a Gaza ceasefire-for-hostage deal.
  • Trump nominated Ronald Johnson, to serve as Ambassador to Mexico and Tom Barrack to serve as Ambassador to Turkey.
  • Poll of the Day: 44.6% of Ukrainians trust Trump.

Please find the full article attached below: US Daily Brief