Daiwa Securities Group Inc. raised its stake in shares of MarketAxess Holdings Inc. ( NASDAQ:MKTX – Free Report ) by 12.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,662 shares of the financial services provider’s stock after buying an additional 519 shares during the period. Daiwa Securities Group Inc.’s holdings in MarketAxess were worth $1,194,000 at the end of the most recent quarter. A number of other institutional investors have also recently modified their holdings of the business. Janus Henderson Group PLC boosted its holdings in MarketAxess by 207.3% in the 1st quarter. Janus Henderson Group PLC now owns 14,140 shares of the financial services provider’s stock worth $3,100,000 after buying an additional 9,539 shares during the last quarter. Tidal Investments LLC boosted its holdings in MarketAxess by 46.2% in the 1st quarter. Tidal Investments LLC now owns 7,949 shares of the financial services provider’s stock worth $1,735,000 after buying an additional 2,513 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in MarketAxess in the 1st quarter worth about $229,000. Virtu Financial LLC acquired a new stake in MarketAxess in the 1st quarter worth about $502,000. Finally, Swedbank AB acquired a new stake in MarketAxess in the 1st quarter worth about $625,000. 99.01% of the stock is currently owned by institutional investors and hedge funds. MarketAxess Stock Down 1.2 % Shares of NASDAQ MKTX opened at $258.69 on Friday. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 11.75 and a beta of 1.05. MarketAxess Holdings Inc. has a 52-week low of $192.42 and a 52-week high of $297.97. The business’s 50 day moving average is $273.46 and its two-hundred day moving average is $239.22. MarketAxess Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Wednesday, November 20th. MarketAxess’s dividend payout ratio is currently 40.11%. MarketAxess declared that its Board of Directors has approved a share repurchase program on Tuesday, August 6th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the financial services provider to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued. Analysts Set New Price Targets MKTX has been the topic of several research analyst reports. The Goldman Sachs Group lifted their price objective on MarketAxess from $204.00 to $233.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Barclays boosted their target price on MarketAxess from $237.00 to $268.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Piper Sandler restated a “neutral” rating and set a $265.00 target price on shares of MarketAxess in a report on Thursday, November 7th. Citigroup boosted their target price on MarketAxess from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, StockNews.com upgraded MarketAxess from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $267.50. Read Our Latest Report on MarketAxess Insider Transactions at MarketAxess In other news, Chairman Richard M. Mcvey sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $271.75, for a total transaction of $5,435,000.00. Following the sale, the chairman now owns 592,029 shares of the company’s stock, valued at approximately $160,883,880.75. This represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Corporate insiders own 2.66% of the company’s stock. MarketAxess Profile ( Free Report ) MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S. Featured Stories Receive News & Ratings for MarketAxess Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketAxess and related companies with MarketBeat.com's FREE daily email newsletter .
Two students wounded and gunman dead after shooting at Northern California elementary school
NBAGL GlancePolice hunt for UnitedHealthcare CEO's masked killer after 'brazen, targeted' attack on NYC street NEW YORK (AP) — A gunman killed UnitedHealthcare’s CEO on Wednesday in a “brazen, targeted attack” outside a Manhattan hotel where the health insurer was holding its investor conference, police said, setting off a massive search for the fleeing assailant hours before the annual Rockefeller Center Christmas tree lighting nearby. Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said. The shooter appeared to be “lying in wait for several minutes” before approaching Thompson from behind and opening fire, New York City Police Commissioner Jessica Tisch said. Police had not yet established a motive. “Many people passed the suspect, but he appeared to wait for his intended target,” Tisch said, adding that the shooting "does not appear to be a random act of violence.” Surveillance video reviewed by investigators shows someone emerging from behind a parked car, pointing a gun at Thompson’s back, then firing multiple times from several feet away. The gunman continues firing, interrupted by a brief gun jam, as Thompson stumbles forward and falls to the sidewalk. He then walks past Thompson and out of the frame. “From watching the video, it does seem that he’s proficient in the use of firearms as he was able to clear the malfunctions pretty quickly,” NYPD Chief of Detectives Joseph Kenny said. UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. Hegseth fights to save Pentagon nomination as sources say Trump considers DeSantis WASHINGTON (AP) — A defiant Pete Hegseth fought to save his nomination to be Donald Trump's defense secretary Wednesday as the president-elect considered possible replacements in the face of growing questions about the former Fox News host's personal conduct and ability to win Senate confirmation. Hegseth met with legislators on Capitol Hill, conducted a radio interview and released an opinion article denying allegations of sexual assault and excessive drinking. He insisted he was “not backing down one bit," that Trump was still supporting him and he planned to return Thursday for more meetings with lawmakers. But the president-elect's team was looking at alternatives including Florida Gov. Ron DeSantis. Trump himself remained quiet about Hegseth while issuing a flurry of statements on social media Wednesday about other nominees and his news coverage. Hegeth, asked if he'd meet with Trump on Thursday, said he'd meet with him “anytime he'd like." Hegseth is the latest nominee-designate to be imperiled by personal baggage after the recent withdrawal of Trump’s initial pick for attorney general, former Rep. Matt Gaetz, whose vulnerabilities were well-documented. But Hegseth’s past, including the revelation that he made a settlement payment after being accused of a sexual assault that he denies, was not widely known. Supreme Court seems likely to uphold Tennessee's ban on medical treatments for transgender minors WASHINGTON (AP) — Hearing a high-profile culture-war clash, the Supreme Court on Wednesday seemed likely to uphold Tennessee's ban on gender-affirming care for minors. The justices’ decision, not expected for several months, could affect similar laws enacted by another 25 states and a range of other efforts to regulate the lives of transgender people, including which sports competitions they can join and which bathrooms they can use. The case is being weighed by a conservative-dominated court after a presidential election in which Donald Trump and his allies promised to roll back protections for transgender people, showcasing the uneasy intersection between law, politics and individual rights. The Biden administration's top Supreme Court lawyer warned a decision favorable to Tennessee also could be used to justify nationwide restrictions on transgender healthcare for minors. In arguments that lasted more than two hours, five of the six conservative justices voiced varying degrees of skepticism of arguments made by the administration and Chase Strangio, the ACLU lawyer for Tennessee families challenging the ban. Peter Navarro served prison time related to Jan. 6. Now Trump is bringing him back as an adviser WASHINGTON (AP) — Former White House adviser Peter Navarro, who served prison time related to the Jan. 6 attack on the U.S. Capitol, will return to serve in Donald Trump’s second administration, the president-elect announced Wednesday. Navarro, a trade adviser during Trump’s first term, will be a senior counselor for trade and manufacturing, Trump said on Truth Social. The position, Trump wrote, “leverages Peter’s broad range of White House experience, while harnessing his extensive Policy analytic and Media skills.” The appointment was only the first in a flurry of announcements that Trump made on Wednesday as his presidential transition faced controversy over Pete Hegseth, Trump’s choice for Pentagon chief. Hegseth faces allegations of sexual misconduct, excessive drinking and financial mismanagement, and Trump has considered replacing him with another potential nominee. As he works to fill out his team, Trump said he wanted Paul Atkins, a financial industry veteran and an advocate for cryptocurrency, to serve as the next chairman of the Securities and Exchange Commission. He wrote on Truth Social that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Trump also said he was changing course on his choice for White House counsel. He said his original pick, William McGinley, will work with the Department of Government Efficiency, which will be run by Elon Musk and Vivek Ramaswamy with the goal of cutting federal spending. Now David Warrington, who has worked as Trump’s personal lawyer and a lawyer for his campaign, will serve as White House counsel. Israeli strikes on a Gaza tent camp kill at least 21 people, hospital says KHAN YOUNIS, Gaza Strip (AP) — Israeli airstrikes tore through a tent camp for displaced Palestinians in southern Gaza on Wednesday, sparking fires and killing at least 21 people, according to the head of a nearby hospital, in the latest assault on a sprawling tent city that Israel designated a humanitarian safe zone but has repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strike on the Muwasi tent camp was one of several deadly assaults across the Gaza Strip on Wednesday. An Israeli attack in central Gaza killed at least 10 more people, including four children, according to Palestinian medics. Israel’s devastating war in Gaza, launched after Hamas’ October 2023 attack, shows no signs of ending after nearly 14 months. Hamas is still holding dozens of Israeli hostages, and most of Gaza’s population has been displaced and is reliant on international food aid to survive. Israel is also pressing a major offensive in the isolated north, where experts say Palestinians might be experiencing famine. The Biden administration has pledged to make a new push for a Gaza ceasefire now that there's a truce in Lebanon between Israel and the militant group Hezbollah, ending more than a year of cross-border fighting. Meanwhile, President-elect Donald Trump demanded this week the release of hostages held by Hamas before he is sworn into office in January. South Korean President Yoon's martial law declaration raises questions over his political future SEOUL, South Korea (AP) — President Yoon Suk Yeol’s stunning martial law declaration lasted just hours, but experts say it raised serious questions about his ability to govern for the remaining 2 1/2 years of his term and whether he will abide by democratic principles. The opposition-controlled parliament overturned the edict, and his rivals on Wednesday took steps to impeach him. One analyst called his action “political suicide.” Yoon’s political fate may depend on whether a large number of people in coming days take to the streets to push for his ouster. Here's a look at the political firestorm caused by the martial law declaration, the first of its kind in more than 40 years. Yoon's declaration of emergency martial law on Tuesday night was accompanied by a pledge to eliminate “shameless North Korea followers and anti-state forces at a single stroke.” He vowed to protect the country from “falling into the depths of national ruin.” Yoon, a conservative, cited repeated attempts by his liberal rivals in control of parliament to impeach his top officials and curtail key parts of his budget bill for next year. French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962 PARIS (AP) — France’s far-right and left-wing lawmakers joined together Wednesday in a historic no-confidence vote prompted by budget disputes that forces Prime Minister Michel Barnier and his Cabinet members to resign, a first since 1962. The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign WASHINGTON (AP) — A top White House official on Wednesday said at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that the number of telecommunication firms and countries impacted could still grow. The U.S. believes that the hackers were able to gain access to communications of senior U.S. government officials and prominent political figures through the hack, Neuberger said. “We don’t believe any classified communications has been compromised,” Neuberger added during a call with reporters. Harris found success with women who have cats, but Trump got the dog owner vote: AP VoteCast WASHINGTON (AP) — The lead-up to the 2024 election was all about cat owners. But in the end, the dogs had their day. President-elect Donald Trump won slightly more than half of voters who own either cats or dogs, with a big assist from dog owners, according to AP VoteCast, a survey of more than 120,000 voters. Dog owners were much more likely to support the Republican over Democratic Vice President Kamala Harris. Cat owners were split between the two candidates. About two-thirds of voters said they own a dog or cat, but pet owners don't usually get much attention from politicians. This year, however, past comments by Trump's running mate, Ohio Sen. JD Vance, about “childless cat ladies” briefly became a campaign issue — and Taylor Swift signed her Instagram endorsement of Harris in September as “Taylor Swift Childless Cat Lady.” Harris did end up decisively winning support from women who owned a cat but not a dog. Still, those voters were a relatively small slice of the electorate, and pet owners as a whole did not seem to hold Vance's remarks against the GOP ticket. Childless or not, women who only owned a cat were more likely to support Harris than were dog owners, or voters who had a cat and a dog. About 6 in 10 women who owned a cat but not a dog supported Harris, according to AP VoteCast. She did similarly well among women who did not own either kind of pet.FuelCell Energy Inc. stock rises Wednesday, still underperforms market
BLUEFIELD, Va. – Development is being halted on a proposed $2 billion project which would have created a power-generating pump storage facility in Tazewell County which could have created 2,000 construction jobs, 50 permanent jobs and millions of dollars in tax revenues for Tazewell County and other parts of Southwest Virginia. Dominion Energy has announced that the company will not proceed with a proposed hydroelectric pump station on East River Mountain near Bluefield, Va. “We decided to stop development activities related to the Tazewell Pumped Storage Facility in Tazewell County for a variety of reasons, such as the cost impact to our customers, the expiration of a FERC (Federal Energy Regulatory Commission) permit, and the availability of more affordable and higher-capacity power generation options for our customers,” Jeremy L. Slayton with Dominion Energy’s media relations, said Thursday. Dominion bought the land in 2009 for the possibility of using it for a wind farm on top of East River Mountain, just west of Bluefield, Va. The county later passed a tall structure ordinance on ridge lines to try to prevent it but the idea resurfaced in 2015, drawing opposition from local residents. Pump storage is a renewable energy source and works by having an upper reservoir and a lower reservoir, with at least a 1,000-foot drop between the two. Electricity is produced as the water is released from the upper reservoir, running through tunnels and using the force of the falling water to rotate turbines at the lower reservoir. This water is then pumped back up to the upper reservoir. Electricity can be produced in a short period of time and is then ready to be used during peak demand times anywhere it is needed. Slayton said that in the coming months, Dominion Energy will focus on closing out its development activities on the East River Mountain site and will collaborate with federal and state authorities as well as local landowners. “We retain ownership of the 2,600 acres and have not made decisions regarding its future use,” Slayton said. “We appreciate, and look forward to continuing, our relationship with Tazewell County and the surrounding Southwest Virginia region.” Slayton was asked about whether wind turbines could be part of any future plans. “I am not going to speculate about what we might consider for the site, but I can tell you that we will retain ownership of that land and have not made any decisions regarding its future use,” he said. Slayton said that Dominion Energy filed its annual Integrated Resource Plan, which is a long-term planning document to meet future demand that is a snapshot in time based on currently available technology. The plan lays out multiple options to meet the rising power demand of Dominion’s customers. Slayton added that an Integrated Resource Plan is not an application to build any specific project. “Our long-term plans call for various options to meet our growing demand, all of which include more power from every source,” Slayton said. No single power source will get the job done, so multiple sources are needed, Slayton said. About 80% of the new power in Dominion Energy’s plan is carbon-free and includes the following sources: – More offshore wind (a 130% increase to the company’s current fleet) – More solar, an 150% increase to Dominion’s current fleet. “We currently have the second largest solar fleet in the U.S. with 2.7-gigawatts of power,” Slayton said. “This only includes solar that we own; not third-party power purchase agreements.” Battery storage is another part of the plan. “We currently have 32 megawatts of battery storage on our system, including the 20-megawatt Dry Bridge Battery Energy Storage System,” Slayton said. “Last year, we broke ground on a 50-megawatt battery storage project at Dulles International Airport, which will become the largest in our fleet once in operation.” “About 20% of the new power in our plan is natural gas, about a 70% increase to our current fleet,” he said. “Natural gas is critical because wind and solar do not always produce electricity. We need reliable backup power from natural gas so the lights stay on when wind and solar are not producing power.” Contact Greg Jordan at gjordan@bdtonline.comDonald Trump said Microsoft co-founder Bill Gates has asked to visit him at the president-elect’s Mar-a-Lago home in Florida. Part way through a Truth Social post on Friday morning, Trump referred to his Mar-a-Lago home, saying “Bill Gates asked to come, tonight. We miss you and x! New Year’s Eve is going to be AMAZING!!! DJT.” Trump provided no further details. Emails and calls to the Bill & Melinda Gates Foundation asking about a potential Gates visit to Mar-a-Lago were not immediately answered. Gates has been critical of Trump in the past, particularly over his first administration’s response to the COVID-19 pandemic, but Gates publicly congratulated Trump on his November 5 election victory and expressed hope they could work together. Some of the biggest tech sector companies in the US have pledged donations to Trump’s inaugural fund as they seek more favourable relations with the Republican president-elect before he takes office on January 20. In November, Meta Platforms CEO Mark Zuckerberg visited Trump at Mar-a-Lago. Meta has donated $US1 million ($A1.6 million) to Trump’s inaugural fund, a company spokesperson told Reuters on December 12. Other tech companies that are donating $US1 million ($A1.6 million) to Trump’s inaugural fund include Amazon and Uber Technologies .
US President-elect Donald Trump has announced the nomination of Charles Kushner as the United States Ambassador to France. Kushner, a prominent New York real estate developer, is the father of Jared Kushner, Trump's son-in-law, who played a significant role in the previous administration. In his announcement, Trump highlighted Kushner's accomplishments as a business leader and philanthropist, noting his leadership of Kushner Companies and his previous appointments, including as a Commissioner and Chairman for the Port Authority of New York and New Jersey. Trump emphasized Kushner's potential as a strong advocate for US interests abroad, particularly in strengthening ties with France. However, Kushner's past legal troubles were notable; he served time in prison for financial crimes before being pardoned by Trump in 2020. Despite this history, Trump expressed confidence in Kushner's ability to represent the country effectively. (With inputs from agencies.)
The injury report for the Memphis Grizzlies (13-7) ahead of their game against the Indiana Pacers (9-11) currently includes three players. The Pacers have five injured players listed on the report. The matchup is slated for 3:30 PM ET on Sunday, December 1. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. The Grizzlies are coming off of a 120-109 win over the Pelicans in their last game on Friday. Ja Morant recorded 27 points, three rebounds and seven assists for the Grizzlies. The Pacers are coming off of a 130-106 loss to the Pistons in their most recent game on Friday. The Pacers got a team-leading 21 points from Pascal Siakam in the loss. Sign up for NBA League Pass to get live and on-demand access to NBA games. Get tickets for any NBA game this season at StubHub. Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .
YSL juror: ‘There wasn’t a smoking gun’ in lengthy Atlanta gang trialNoneA New York woman whose grandparents went missing 44 years ago said on Friday their disappearance haunted her for decades, but the recent discovery of what could be their car submerged in a Georgia pond has her family believing the mystery may soon be solved, according to NBC News . “I never went a day without worrying or thinking about if they had a terrible ending to their life,” Christine Heller Seaman, 60, of Manhattan, said about her grandmother Catherine Romer, who was married to Charles Romer. The couple was reported missing in April 1980. “For years and years, we didn’t hear anything. ... It’s something that you held with you every single day of your life ... if they were tortured or harmed,” Seaman told NBC News on Friday in a phone call. Charles Romer, a retired oil executive, and his wife, vanished along with their 1978 Lincoln Continental while traveling home from Miami Beach, Florida. At the time, law enforcement expressed concerns about potential foul play against the couple from Scarsdale, New York, partly because Catherine Romer was wearing approximately $81,000 worth of jewelry. They had checked into a Holiday Inn in Brunswick, Georgia, where hotel employees grew concerned that their bed had not been slept in and reported them missing. But decades later, answers appear to be emerging from a Georgia pond. One human bone was discovered in the submerged Lincoln Continental on Nov. 22, according to a Saturday statement from the Glynn County Police Department . “The vehicle is similar to the description of a vehicle that Charles and Catherine Romer were believed to be driving,” the police department said in the statement posted to Facebook. The car was found in a pond between the Royal Inn Hotel and Interstate 95 on New Jesup Highway in southeast Georgia, police said, adding that the agency is collaborating with the Georgia Bureau of Investigation. Seaman said a detective informed her family that along with a femur found in the Continental, personal belongings such as jewelry and a license plate bearing the couple’s initials were also discovered in the car. Lawton Dodd, a spokesperson for Glynn County police, said on Friday the human remains have not been identified as belonging to either of the Romers, and the vehicle has not been determined to belong to the couple. Dodd declined to elaborate. Although a positive identification or identifications are not expected for months, Seaman said the developments have led her family to believe the couple died in some kind of accident rather than falling victim to a vicious crime. Seaman, who spoke from Scotland, said she and her family enjoyed Thanksgiving and reminisced about their missing relatives. “The whole family just shared stories about them. It was a happy time because of this resolve we’re feeling,” Seaman said. “It sort of gave us permission to celebrate their lives and talk about the fun memories without the feeling of dread, sorrow and sadness.” Seaman said she was only 15 when her grandmother and her step-grandfather — Charles was Catherine’s second husband — vanished. She still remembers the look on her dad’s face after he spoke to a detective in Georgia who told them the couple was missing. “We saw his face and he said, ‘Something is very, very wrong.’” Seaman explained that her father was his mother’s only child and he had not heard from her, which was unusual. Seaman described her grandmother as the “life of the party” who was very close to Seaman and her eight sisters. Catherine Romer loved thoroughbred racing and enjoyed traveling with her granddaughters, introducing them to new foods and restaurants, Seaman said. “She was like the celebrity of our house. She was always visiting us. She was very much part of our upbringing,” she said. “She made everyone feel like her favorite child — her favorite granddaughter.” Seaman called Charles Romer a “lovely and generous man.” She expressed gratitude toward investigators and a diving team from Florida, the Sunshine State Sonar team, that found the submerged Continental. “We’re all in shock, but ... we have this gratitude for the people that hunted this whole mystery down,” Seaman said. “People who don’t know us and we’re not related to and are perfect strangers would go to extensive measures to find answers and ... help give a family peace of mind and resolve.” This article originally appeared on NBCNews.com . Read more on NBC News:
Sportscaster Greg Gumbel dies from cancer at age 78... Populism can degrade democracy but is on the rise − here’s what causes this political movement and how it can be weakened. There’s a widespread view that populism is on the rise, from the United States and Turkey to India and Hungary. What is fueling this movement? Populism is a political ideology that positions “the people” as a morally just, good group in society, in contrast with other people who are elitist and out of touch with society. Politicians such as former President Donald Trump have used this general approach to help propel their rise to power – and maintain their popularity among their supporters. Trump, for example, described his political campaign in June 2024 as an “epic struggle to liberate our nations from all of the sinister forces who want to destroy them.” These “sinister forces” typically include everything from the media and international organizations to mainstream science and immigrants. And Viktor Orbán, the populist prime minister of Hungary since 2010, often blames international groups such as foreign nonprofits for interfering in Hungarian politics and acting against the country’s interests. The European Parliament determined in 2022 that Hungary could no longer be considered a democracy. In its most radical, authoritarian form, populism poses a threat to democracy. It polarizes societies and erodes trust in experts. But populist leaders still hold appeal, as they promise to return power to the people. Yet they often deliver something very different from what they promise. They tend to worsen problems such as gender and ethnic inequality, without addressing the gap between the rich and the poor. I have dedicated much of my career to analyzing populist movements, both as a politician serving in the Hungarian Parliament in opposition to Orbán’s regime and now as a scholar. This unique experience has taught me one thing: Protecting democracy from populism requires first understanding its root causes. What’s behind populism Many journalists and political scientists view populism as a “cultural backlash” of conservative white men who fear the loss of their privilege in a diversifying world. Immigration, race and religion are three issues that are often central to many populists’ politics. There are also economic factors such as a poor economy, international trade, industrial robots and artificial intelligence that some experts think also contribute to the rise of populism. This is because the growth of artificial intelligence, for example, has led to the reduction of stable jobs in sectors such as manufacturing, which once gave working-class people a pathway to social mobility. Many pundits and scholars still question whether the economy plays a significant role in populism. This argument takes various forms, but it typically boils down to statements like this one, made by a prominent political scientist about the 2016 U.S. presidential election: “Status threat, not economic hardship, explains the 2016 presidential vote.” In other words, the 2016 presidential vote was influenced by white voters’ fears about losing their dominant status in society rather than because of their financial struggles – at least according to this argument. It’s the economy My recent research shows a different source of anxiety behind growing support for populism: people’s concerns about economic insecurity are a crucial factor driving populism in Europe, North America and Latin America. For example, Americans who lost their jobs in the manufacturing industry in the 2010s were especially likely to abandon the Democratic Party and vote for Trumpin 2016. There is evidence that people’s anti-immigration attitudes are also fueled by their anxiety about their own jobs. Research also shows that Europeans who lost their jobs or whose earnings were reduced because of competition with low-wage immigrant workers, for example, were more likely to feel threatened by globalization. They were also especially likely to embrace nationalism and vote for populist right-wing candidates throughout Western Europe. Populist voters in the US Still, research shows that not all populist voters can be lumped under the same umbrella. Populist voters are a diverse group with various motivations and concerns. For example, artificial intelligence threatens jobs more in the U.S. and in Western Europe than in Eastern Europe, making Americans and Western Europeans more concerned about this issue than Eastern Europeans. Race is another factor. Some white voters facing financial hardship may feel as if immigrants and people of color are responsible for taking the available jobs – and are to blame for their economic woes. Populism is not just about conservative white men, however, despite the popular support Trump holds among many in this group. For example, Democratic politicians in the U.S. have increasingly struggled to win the support of working-class voters without a college degree, including a growing number of Black voters. Black voters still generally vote for Democrats. But the Democratic Party has seen about a 28 percentage point decrease in Black voters between 2020 and 2024. Most of them switched to become Republicans. This voter realignment has been occurring since 2008. When Trump was elected in 2016, he not only increased his party’s support among the white working class by four percentage points from GOP presidential nominee Mitt Romney’s 2012 defeat, he also increased support among Black working-class voters by the same amount. This shift suggests that the Democrats have a working-class problem and not a white working-class problem. Economic factors, rather than just racial identity, are a major factor driving voters away from the Democratic Party. Not all populist voters are extremists Many media outlets tend to focus on core populist voters, who are masters of causing outrage with what one populism scholar calls “bad manners.” In this context, that means using inflammatory language or making politically incorrect statements, among other tactics, to draw attention to their cause. The most successful populist political movements in places such as Italy and Poland, however, have grown by appealing to voters concerned with bread-and-butter issues. They combine the core group of populist voters, who are motivated by culture and racism, and an outer group of voters who are not primarily motivated by these issues. Finally, voters’ support for populist leaders also depends on how nonpopulist, mainstream politicians appeal to them. Inclusive socioeconomic policies, such as expanding unemployment insurance, for example, can help stave off a populist surge. The way ahead There is no one-size-fits-all answer to the challenge of populism. For example, job guarantee programs help provide stable work, reducing the economic insecurity that often fuels populist sentiment. In an economy characterized by gig work and people frequently moving from one job to another, portable benefits that workers carry from job to job – giving them continuous access to health care, retirement savings and other benefits – may help alleviate the anxieties that drive people to populism. Boosting affordable housing and controlling rents can also promote more stable living conditions. I think countering right-wing populism demands a concerted effort to tackle the economic insecurity that fuels this global phenomenon. The path forward may be challenging, but the alternative, a world where democracy is eroded and societies are polarized, is even more frightening. Gábor Scheiring is Professor of comparative Politics, Georgetown University. Source: THE CONVERSATION (https://theconversation.com) June 26, 2024.
AP News in Brief at 6:04 p.m. ESTQF’s QSTP engages int’l tech startups in 2nd GIL programme
Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Ancient meets modern as a new subway in Greece showcases archaeological treasures THESSALONIKI, Greece (AP) — Thessaloniki, Greece’s second-largest city, is opening a new subway system, blending ancient archaeological treasures with modern transit technology like driverless trains and platform screen doors. The project, which began in 2003, uncovered over 300,000 artifacts, including a Roman-era thoroughfare and Byzantine relics, many of which are now displayed in its 13 stations. Despite delays caused by preserving these findings, the inaugural line has been completed, with a second line set to open next year. Conor McGregor must pay $250K to woman who says he raped her, civil jury rules LONDON (AP) — A civil jury in Ireland has awarded more than $250,000 to a woman who says she was raped by mixed martial arts fighter Conor McGregor in a Dublin hotel penthouse after a night of heavy partying. The jury on Friday awarded Nikita Hand in her lawsuit that claimed McGregor “brutally raped and battered” her in 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced her to do anything and that Hand fabricated her allegations after the two had consensual sex. McGregor says he will appeal the verdict. At least 19 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 19 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 167,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli O157:H7, which can cause life-threatening infections. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration. Actor Jonathan Majors’ ex-girlfriend drops assault and defamation lawsuit against once-rising star NEW YORK (AP) — Jonathan Majors’ ex-girlfriend has dropped her assault and defamation lawsuit against the once-rising Hollywood star after reaching a settlement. Lawyers for Majors and Grace Jabbari agreed to dismiss the case with prejudice Thursday. Jabbari is a British dancer who had accused Majors of subjecting her to escalating incidents of physical and verbal abuse during their relationship. Representatives for Majors didn’t respond to emails seeking comment Friday. Jabbari’s lawyer said the suit was “favorably settled” and her client is moving on with “her head held high.” Majors was convicted of misdemeanor assault and harassment last December and sentenced to a yearlong counseling program. Hyundai, Kia recall over 208,000 electric vehicles to fix problem that can cause loss of power DETROIT (AP) — Hyundai and Kia are recalling over 208,000 electric vehicles to fix a pesky problem that can cause loss of drive power, increasing the risk of a crash. The recalls cover more than 145,000 Hyundai and Genesis vehicles including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and GV70, and the 2023 and 2024 G80. Also included are nearly 63,000 Kia EV 6 vehicles from 2022 through 2024. The affiliated Korean automakers say in government documents that a transistor in a charging control unit can be damaged and stop charging the 12-volt battery. Dealers will inspect and replace the control unit and a fuse if needed. They also will update software. Christmas TV movies are in their Taylor Swift era, with two Swift-inspired films airing this year Two of the new holiday movies coming to TV this season have a Taylor Swift connection that her fans would have no problem decoding. “Christmas in the Spotlight” debuts Saturday on Lifetime. It stars Jessica Lord as the world’s biggest pop star and Laith Wallschleger, playing a pro football player, who meet and fall in love, not unlike Swift and her boyfriend, Kansas City Chiefs tight end Travis Kelce. On Nov. 30, Hallmark will air “Holiday Touchdown: A Chiefs Love Story.” Instead of a nod to Swift, it’s an ode to family traditions and bonding, like rooting for a sports team. Hallmark’s headquarters is also in Kansas City. Top football recruit Bryce Underwood changes commitment to Michigan instead of LSU, AP source says ANN ARBOR, Mich. (AP) — Top football recruit Bryce Underwood has flipped to Michigan after pledging to play at LSU. That's according to a person familiar with the situation who spoke to The Associated Press on condition of anonymity because they were not authorized to share the recruit’s plans to join the Wolverines. Underwood pinned a post on his Instagram account, showing a post in which On3.com reported that he has committed to Michigan. The 6-foot-3 quarterback played at Belleville High School about 15 miles east of Michigan's campus, and told LSU nearly a year ago he intended to enroll there. Emperor penguin released at sea 20 days after waddling onto Australian beach MELBOURNE, Australia (AP) — The only emperor penguin known to have swum from Antarctica to Australia has been released at sea 20 days after he waddled ashore on a popular tourist beach. The adult male was found on Nov. 1 on sand dunes in temperate southwest Australia about 2,200 miles north of the Antarctic coast. He was released Wednesday from a boat that traveled several hours from Western Australia state's most southerly city of Albany. His caregiver Carol Biddulph wasn't sure at first if the penguin would live. She said a mirror was important to his rehabilitation because they provide a sense of company. Biddulph said: “They’re social birds and he stands next to the mirror most of the time.”
The Flea Market added in the Palworld Feybreak update lets you trade items and Pals with other players. You can either sell off things you don’t need or buy items that are hard to find. But before that, you have to unlock it first. How to unlock Flea Market in Palworld First things first, you have to reach Level 22 in the game. This is the initial requirement to access the Flea Market, meaning you will have to progress before you can unlock the feature. Once you have reached the required level, then you will need two Technology Points. You can easily earn these by doing missions and tasks in the game. Once it is done, you will unlock the Flea Market tech in the Technology Tree. But that’s not enough; you have to still craft it. Before you can craft the Flea Market, you will need a few materials. Specifically, you will need: 20 Ingots 40 Wood 3 Cloth Once you have completed all the aforementioned steps, you can go to the Technology Tree and unlock the Flea Market tech using your points. After that, you have to head to a crafting station and use the required materials to craft it. What is the use of Flea Market in Palword? As mentioned before, it helps you trade off any extra items, such as Pals, food, weapons, and more. It is a good way to earn some extra in-game currency in Palword.Sportscaster Greg Gumbel dies from cancer at age 78
Trump Threatens to Retake Control of Panama Canal
Trump discussed border, trade with Canada's Trudeau after pledging steep tariffsPolice hunt for UnitedHealthcare CEO's masked killer after 'brazen, targeted' attack on NYC street NEW YORK (AP) — A gunman killed UnitedHealthcare’s CEO on Wednesday in a “brazen, targeted attack” outside a Manhattan hotel where the health insurer was holding its investor conference, police said, setting off a massive search for the fleeing assailant hours before the annual Rockefeller Center Christmas tree lighting nearby. Brian Thompson, 50, was shot around 6:45 a.m. as he walked alone to the New York Hilton Midtown from a nearby hotel, police said. The shooter appeared to be “lying in wait for several minutes” before approaching Thompson from behind and opening fire, New York City Police Commissioner Jessica Tisch said. Police had not yet established a motive. “Many people passed the suspect, but he appeared to wait for his intended target,” Tisch said, adding that the shooting "does not appear to be a random act of violence.” Surveillance video reviewed by investigators shows someone emerging from behind a parked car, pointing a gun at Thompson’s back, then firing multiple times from several feet away. The gunman continues firing, interrupted by a brief gun jam, as Thompson stumbles forward and falls to the sidewalk. He then walks past Thompson and out of the frame. “From watching the video, it does seem that he’s proficient in the use of firearms as he was able to clear the malfunctions pretty quickly,” NYPD Chief of Detectives Joseph Kenny said. ___ UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of people his decisions affected. Then Wednesday's targeted fatal shooting of the UnitedHealthcare CEO on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, had worked at the giant UnitedHealth Group Inc for 20 years and run the insurance arm since 2021 after running its Medicare and retirement business. As CEO, Thompson led a firm that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. ___ Hegseth fights to save Pentagon nomination as sources say Trump considers DeSantis WASHINGTON (AP) — A defiant Pete Hegseth fought to save his nomination to be Donald Trump's defense secretary Wednesday as the president-elect considered possible replacements in the face of growing questions about the former Fox News host's personal conduct and ability to win Senate confirmation. Hegseth met with legislators on Capitol Hill, conducted a radio interview and released an opinion article denying allegations of sexual assault and excessive drinking. He insisted he was “not backing down one bit," that Trump was still supporting him and he planned to return Thursday for more meetings with lawmakers. But the president-elect's team was looking at alternatives including Florida Gov. Ron DeSantis. Trump himself remained quiet about Hegseth while issuing a flurry of statements on social media Wednesday about other nominees and his news coverage. Hegeth, asked if he'd meet with Trump on Thursday, said he'd meet with him “anytime he'd like." Hegseth is the latest nominee-designate to be imperiled by personal baggage after the recent withdrawal of Trump’s initial pick for attorney general, former Rep. Matt Gaetz, whose vulnerabilities were well-documented. But Hegseth’s past, including the revelation that he made a settlement payment after being accused of a sexual assault that he denies, was not widely known. ___ Supreme Court seems likely to uphold Tennessee's ban on medical treatments for transgender minors WASHINGTON (AP) — Hearing a high-profile culture-war clash, the Supreme Court on Wednesday seemed likely to uphold Tennessee's ban on gender-affirming care for minors. The justices’ decision, not expected for several months, could affect similar laws enacted by another 25 states and a range of other efforts to regulate the lives of transgender people, including which sports competitions they can join and which bathrooms they can use. The case is being weighed by a conservative-dominated court after a presidential election in which Donald Trump and his allies promised to roll back protections for transgender people, showcasing the uneasy intersection between law, politics and individual rights. The Biden administration's top Supreme Court lawyer warned a decision favorable to Tennessee also could be used to justify nationwide restrictions on transgender healthcare for minors. In arguments that lasted more than two hours, five of the six conservative justices voiced varying degrees of skepticism of arguments made by the administration and Chase Strangio, the ACLU lawyer for Tennessee families challenging the ban. ___ Peter Navarro served prison time related to Jan. 6. Now Trump is bringing him back as an adviser WASHINGTON (AP) — Former White House adviser Peter Navarro, who served prison time related to the Jan. 6 attack on the U.S. Capitol, will return to serve in Donald Trump’s second administration, the president-elect announced Wednesday. Navarro, a trade adviser during Trump’s first term, will be a senior counselor for trade and manufacturing, Trump said on Truth Social. The position, Trump wrote, “leverages Peter’s broad range of White House experience, while harnessing his extensive Policy analytic and Media skills.” The appointment was only the first in a flurry of announcements that Trump made on Wednesday as his presidential transition faced controversy over Pete Hegseth, Trump’s choice for Pentagon chief. Hegseth faces allegations of sexual misconduct, excessive drinking and financial mismanagement, and Trump has considered replacing him with another potential nominee. As he works to fill out his team, Trump said he wanted Paul Atkins, a financial industry veteran and an advocate for cryptocurrency, to serve as the next chairman of the Securities and Exchange Commission. He wrote on Truth Social that Atkins “recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before.” Trump also said he was changing course on his choice for White House counsel. He said his original pick, William McGinley, will work with the Department of Government Efficiency, which will be run by Elon Musk and Vivek Ramaswamy with the goal of cutting federal spending. Now David Warrington, who has worked as Trump’s personal lawyer and a lawyer for his campaign, will serve as White House counsel. ___ Israeli strikes on a Gaza tent camp kill at least 21 people, hospital says KHAN YOUNIS, Gaza Strip (AP) — Israeli airstrikes tore through a tent camp for displaced Palestinians in southern Gaza on Wednesday, sparking fires and killing at least 21 people, according to the head of a nearby hospital, in the latest assault on a sprawling tent city that Israel designated a humanitarian safe zone but has repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strike on the Muwasi tent camp was one of several deadly assaults across the Gaza Strip on Wednesday. An Israeli attack in central Gaza killed at least 10 more people, including four children, according to Palestinian medics. Israel’s devastating war in Gaza, launched after Hamas’ October 2023 attack, shows no signs of ending after nearly 14 months. Hamas is still holding dozens of Israeli hostages, and most of Gaza’s population has been displaced and is reliant on international food aid to survive. Israel is also pressing a major offensive in the isolated north, where experts say Palestinians might be experiencing famine. The Biden administration has pledged to make a new push for a Gaza ceasefire now that there's a truce in Lebanon between Israel and the militant group Hezbollah, ending more than a year of cross-border fighting. Meanwhile, President-elect Donald Trump demanded this week the release of hostages held by Hamas before he is sworn into office in January. ___ South Korean President Yoon's martial law declaration raises questions over his political future SEOUL, South Korea (AP) — President Yoon Suk Yeol’s stunning martial law declaration lasted just hours, but experts say it raised serious questions about his ability to govern for the remaining 2 1/2 years of his term and whether he will abide by democratic principles. The opposition-controlled parliament overturned the edict, and his rivals on Wednesday took steps to impeach him. One analyst called his action “political suicide.” Yoon’s political fate may depend on whether a large number of people in coming days take to the streets to push for his ouster. Here's a look at the political firestorm caused by the martial law declaration, the first of its kind in more than 40 years. Yoon's declaration of emergency martial law on Tuesday night was accompanied by a pledge to eliminate “shameless North Korea followers and anti-state forces at a single stroke.” He vowed to protect the country from “falling into the depths of national ruin.” Yoon, a conservative, cited repeated attempts by his liberal rivals in control of parliament to impeach his top officials and curtail key parts of his budget bill for next year. ___ French lawmakers vote to oust prime minister in the first successful no-confidence vote since 1962 PARIS (AP) — France’s far-right and left-wing lawmakers joined together Wednesday in a historic no-confidence vote prompted by budget disputes that forces Prime Minister Michel Barnier and his Cabinet members to resign, a first since 1962. The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. ___ White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign WASHINGTON (AP) — A top White House official on Wednesday said at least eight U.S. telecom firms and dozens of nations have been impacted by a Chinese hacking campaign. Deputy national security adviser Anne Neuberger offered new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that the number of telecommunication firms and countries impacted could still grow. The U.S. believes that the hackers were able to gain access to communications of senior U.S. government officials and prominent political figures through the hack, Neuberger said. “We don’t believe any classified communications has been compromised,” Neuberger added during a call with reporters. ___ Harris found success with women who have cats, but Trump got the dog owner vote: AP VoteCast WASHINGTON (AP) — The lead-up to the 2024 election was all about cat owners. But in the end, the dogs had their day. President-elect Donald Trump won slightly more than half of voters who own either cats or dogs, with a big assist from dog owners, according to AP VoteCast, a survey of more than 120,000 voters. Dog owners were much more likely to support the Republican over Democratic Vice President Kamala Harris. Cat owners were split between the two candidates. About two-thirds of voters said they own a dog or cat, but pet owners don't usually get much attention from politicians. This year, however, past comments by Trump's running mate, Ohio Sen. JD Vance, about “childless cat ladies” briefly became a campaign issue — and Taylor Swift signed her Instagram endorsement of Harris in September as “Taylor Swift Childless Cat Lady.” Harris did end up decisively winning support from women who owned a cat but not a dog. Still, those voters were a relatively small slice of the electorate, and pet owners as a whole did not seem to hold Vance's remarks against the GOP ticket. Childless or not, women who only owned a cat were more likely to support Harris than were dog owners, or voters who had a cat and a dog. About 6 in 10 women who owned a cat but not a dog supported Harris, according to AP VoteCast. She did similarly well among women who did not own either kind of pet. The Associated Press
Some Democrats are frustrated over Joe Biden reversing course and pardoning his son Hunter
ATLANTA (AP) — Already reeling from their November defeats, Democrats now are grappling with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” said White House press secretary Karine Jean-Pierre, who along with Biden and other White House officials insisted for months that Hunter Biden would not get a pardon. That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump , who has argued that multiple indictments and one conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote of Biden on the social media platform X. “When you become President, your role is Pater familias of the nation,” the governor continued, a reference to the president invoking fatherhood in explaining his decision. “Hunter brought the legal trouble he faced on himself, and one can sympathize with his struggles while also acknowledging that no one is above the law, not a President and not a President’s son.” Rep. Greg Stanton, D-Ariz., said on X: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Colorado Sen. Michael Bennet said Biden “put personal interest ahead of duty” with a decision that “further erodes Americans’ faith that the justice system is fair and equal for all.” Sen. Peter Welch, D-Vt., called the pardon “understandable” if viewed only as the “action of a loving father.” But Biden's status as “our nation's Chief Executive," the senator said, rendered the move “unwise.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” wrote prominent Democratic fundraiser Jon Cooper on X. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump's apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP's pursuit of Hunter Biden would not have ended without clemency. “Most people will see that Joe Biden did what was right,” Harrison said. First lady Jill Biden said Monday from the White House: “Of course I support the pardon of my son.” Democrats already are facing the prospects of a Republican trifecta in Washington, with voters returning Trump to the White House and giving the GOP control of the House and Senate. Part of their argument against Trump and Republican leaders is expected to be that the president-elect is violating norms with his talk of taking retribution against his enemies. Before beating Vice President Kamala Harris, Trump faced his own legal troubles, including two cases that stemmed from his efforts to overturn his defeat to Joe Biden in the 2020 presidential election. Those cases, including Trump’s sentencing after being convicted on New York state business fraud charges, have either been dismissed or indefinitely delayed since Trump’s victory on Nov. 5, forcing Democrats to recalibrate their approach to the president-elect. In June, President Biden firmly ruled out a pardon or commutation for his son, telling reporters as his son faced trial in the Delaware gun case, “I abide by the jury decision. I will do that and I will not pardon him.” As recently as Nov. 8, days after Trump’s victory, Jean-Pierre ruled out a pardon or clemency for the younger Biden, saying, “We’ve been asked that question multiple times. Our answer stands, which is no.” The president’s about-face came weeks before Hunter Biden was set to receive his punishment after his trial conviction in the gun case and guilty plea on tax charges. It capped a long-running legal saga for the younger Biden, who disclosed he was under federal investigation in December 2020 — a month after his father’s 2020 victory. The sweeping pardon covers not just the gun and tax offenses against the younger Biden, but also any other “offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014, through December 1, 2024.” Hunter Biden was convicted in June in Delaware federal court of three felonies for purchasing a gun in 2018 when , prosecutors said, he lied on a federal form by claiming he was not illegally using or addicted to drugs. He had been set to stand trial in September in a California case accusing him of failing to pay at least $1.4 million in taxes. But he agreed to plead guilty to misdemeanor and felony charges in a surprise move hours after jury selection was set to begin. In his statement Sunday, the president argued that such offenses typically are not prosecuted with the same vigor as was directed against Hunter Biden. “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” Biden said in his statement. “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son. ... I hope Americans will understand why a father and a President would come to this decision.” Associated Press journalists Will Weissert aboard Air Force One and Darlene Superville, Mary Claire Jalonick and Michael Tackett in Washington contributed to this report.