Pharma stocks sink on RFK Jr. pick

November 15, 2024

Welcome to The Hill's Business & Economics Newsletter

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business and economy

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These are the employment benefits American workers really want

A few years ago, American workers were spoiled with office perks, especially if they worked in the technology industry or at big banks. From a dedicated coffee area, to fully catered breakfast, lunch and dinner, to complimentary massages, on-site laundry and gym facilities, and even shuttle service to some of our employees.

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Graham: Bessent would be 'outstanding' as Trump Treasury secretary

Sen. Lindsey Graham (RS.C.) said Key Square Group founder Scott Bessent would be a “fantastic” person to serve as President-elect Trump's Treasury secretary.

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Upcoming news themes and events we're watching:

of Senate Judiciary Committee hold a public hearing regarding “Visa and Mastercard duopoly” Tuesday at 10 a.m. ET. Sen. Dick Durbin (D-Ill.), the committee chairman, is pushing a bill that would require large financial institutions to provide at least a credit card processing network, one that would require Visa and Mastercard to provide at least one credit card processing network. do not have.

In other news

Let's expand on the day's story.

Stock market today: Wall Street crashes as 'Trump bump' disappears, vaccine makers sink

NEW YORK (AP) — U.S. stocks fell Friday as Wall Street took a “Trump bump” from last week's presidential election.

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What you need to know

Business and economics news from other news outlets:

President Trump meets with Bessent Kudrow withdraws From consideration for economic employment (wall street journal)
of biden economy is about to have a new salesman: Donald Trump (politiko)
President Trump may eliminate $7,500 EV tax credit. Elon Musk and Tesla will benefit from it (CNN)

What other people are reading

Current top articles on The Hill:

Republican senators: Gates' nomination for attorney general is in serious trouble

Republican senators say President-elect Trump's nomination of former Rep. Matt Gaetz (R-Fla.) to be attorney general is in serious question, even though Republicans will control 53 seats in the Senate next year. It warns that it is falling into. read more

Democrats pressure Biden to protect executive branch from Trump's return

Democrats on Capitol Hill press the White House to do everything it can to protect the executive branch against President-elect Trump's promised efforts to dismantle federal agencies and rebuild them to his liking. is being applied. read more

what people are thinking

Opinions submitted to The Hill on business and economic issues:

Harris could have defeated Trump if she accepted Biden.
DOGE is no joke — don't underestimate President Trump's attack on government inefficiency