ubet63 free 100 A series of mysterious drone sightings around the East Coast has lawmakers grasping for solutions to an unfamiliar problem and federal agencies "pointing at each other" to figure out what's going on, Trump's likely incoming national security adviser said Sunday. "We need to know who's behind it," said Rep. Mike Waltz, a Republican from Florida who is President-elect Donald Trump's pick for national security adviser. "But right now, I think law enforcement seems to be...the Department of Homeland Security and the Defense Department are kind of doing this and pointing at each other." Speaking on "Face the Nation with Margaret Brennan " on Sunday, Waltz said he believes the drone issue — which sparked outcry and demands for answers from civilians and leaders alike — highlights lapses in authority between local law enforcement and federal agencies like the Department of Defense and Department of Homeland Security. "I think Americans are finding it hard to believe we can't figure out where these are coming from," he added. "It's pointing to gaps in our capabilities and in our ability to clamp down on what's going on here. And we need to get to the bottom of it." Sen. Amy Klobuchar, a Minnesota Democrat, echoed the congressman's concern in a separate interview Sunday on "Face the Nation ." In addition to a briefing for members of the Senate to discuss the situation, she also called for "more transparency" and "new regulatory rules in place" for drone use. "We've got to figure out, do we really want all these drones? Because while these may be safe, who knows what happens in the future?" said Klobuchar. "They have to be within 400 feet [from the ground], so these things are going to be what? Flying over people's family picnics and over their homes and over beaches? This is not going to be a good future if we see too many of these." Senate Majority Leader Chuck Schumer, Democrat of New York, announced Sunday that he is working to pass a bill in the Senate that would give local authorities more resources for drone detection. He also asked Homeland Security Secretary Alejandro Mayorkas to deploy drone-detection technology to New York and New Jersey. "The laws on where and when and who can fly drones are rather limited. This legislation will help," Schumer said at a briefing. "We've talked to the Homeland Security and the FBI and we told them we need answers quickly." I’m pushing for answers amid these drone sightings. I’m calling for @SecMayorkas to deploy special drone-detection tech across NY and NJ. And I’m working to pass a bill in the Senate to give local law enforcement more tools for drone detection. Amid the comments from lawmakers, former New Jersey Gov. Chris Christie said Sunday on ABC's "This Week" that he had seen drones from over his own house. "Two mornings ago, over my house at 6:15 in the morning, I saw them myself," Christie said. "So did my wife, and so yeah, they're there. And I've been traveling around New Jersey, as I normally do, all week. And I can't tell you the number of people have come to me concerned about it." New York Gov. Kathy Hochul said Sunday that her state would be receiving a drone detection system from the federal government. "I am grateful for the support, but we need more. Congress must pass a law that will give us the power to deal directly with the drones," the governor said in a statement. Drones have been spotted in New Jersey, New York, Pennsylvania and other eastern states, sometimes flying near military installations as well as near Trump's golf course in Bedminister, New Jersey. A federal official said Thursday that the FBI was leading the investigation into the sightings. An FBI official told CBS News the same day that the agency had received several thousand tips, and local law enforcement was also investigating. Republican Rep. Jeff Van Drew of New Jersey suggested last week that there was an Iranian "mothership" off the East Coast of the United States launching the drones, which Pentagon spokeswoman Sabrina Singh refuted. Two people were arrested in Boston Saturday night on trespassing charges, after police said they were involved in a "hazardous drone operation," CBS Boston reported . An officer spotted a drone flying close to Logan Airport and found the drone's location, altitude and flight history in order to trace the machine back to its apparent operators, Robert Duffy, 42, and Jeremy Folcik, 32, according to Boston police . Drone Amy Klobuchar Chuck Schumer Emily Mae Czachor is a reporter and news editor at CBSNews.com. She covers breaking news, often focusing on crime and extreme weather. Emily Mae has previously written for outlets including the Los Angeles Times, BuzzFeed and Newsweek.

“Bermuda must be ready for heightened competition from rival jurisdictions as the island’s first tax on corporate profits takes effect,” said Christian Dunleavy, Chair of the Association of Bermuda International Companies [ABIC] and Group President, Aspen Insurance Holdings and CEO Aspen Bermuda Ltd. A spokesperson said, ”Bermuda’s Corporate Income Tax [CIT], which will apply at a rate of 15% to Bermuda businesses that are part of multinational groups with annual revenue of €750 million or more, will come into effect in January 2025. Speaking at ABIC’s AGM, Mr. Dunleavy stressed the importance of guarding against complacency and ensuring the island remains an attractive business domicile.” “Bermuda is about to embark on the most significant change to our economic model in our history and the impact on Bermuda’s competitiveness should not be underestimated,” Mr Dunleavy told an audience of ABIC members at O’Hara House, home of AXA XL. “Bermuda has long been about more than tax competition, and that includes areas that influence the cost of doing business in Bermuda, which include tax, but also regulation, quality and access to affordable healthcare, red tape and hiring practices. “Capital and people are increasingly mobile, particularly in a world where 15% is the new zero tax. Other financial centres, existing and aspiring, sense an opportunity to entice Bermuda’s world-class companies and leaders to their shores.” An investment promotion agency had been on island last week, touting the attractiveness of their country and incentives, he added. “The ease and cost of doing business have been critical to Bermuda’s success, but they are probably even more critical to our future success, punctuated by the Bermuda triangle of collaboration between industry, government and the BMA,” Mr Dunleavy said. “High-tax, high-regulation countries can make themselves competitive in two ways. One is by imposing global taxes and increased regulation on smaller, more business-friendly countries to reduce their competitive edge. The other is to make themselves more competitive. Both of these dynamics are happening today with renewed vigour. “Bermuda, as a small financial centre, can only do the latter, protect and continually enhance our own competitiveness. Our international businesses are not afraid of competition, nor should Bermuda be. “Responding to these global pressures by focusing on the areas within our control to enhance our competitiveness and attractiveness is crucial — lowering our cost structure, eliminating bureaucracy, maintaining appropriate regulation, and making sure Bermuda is a great place to live and work.” A spokesperson added, “Mr. Dunleavy said ABIC supported the Government’s goal of increasing the working population to combat Bermuda’s demographic challenges. He added that ABIC’s member companies have a strong track record of hiring, educating and developing Bermudians, alongside the global talent they bring in, a trend illustrated by the increasing number of Bermudians in senior roles.” “We know from our data that one IB job creates 1.33 local jobs,” Mr. Dunleavy said. “Career opportunities will only continue over the coming years as this growing pipeline of Bermudians in IB moves up the ranks. Bermudians and overseas talent are not in competition with each other. This is not a zero-sum game. We mutually benefit from each other’s shared experiences and expertise.” A spokesperson added, “ABIC’s Chair added that IB and Bermudian interests were remarkably aligned, particularly in the desire to see a healthy tourism industry as a strong second pillar of a diverse Bermudian economy.” “IB, like Bermudians and Bermudian businesses, benefits from increasing airlift and hotel capacity,” Mr. Dunleavy said. “The current restricted hotel capacity and airlift is directly impacting the cost of doing business in Bermuda. It’s increasingly difficult to secure reasonably priced flights and hotel rooms for our staff, customers, visiting colleagues and board meetings. “IB is a major contributor to business tourism. We welcome the reopening of the Fairmont Southampton in 2026, hopefully the redevelopment of Elbow Beach and other hotel investment. We also support efforts to increase airlift, including BermudAir’s recently announced expansion of routes.” Mr. Dunleavy expressed ABIC’s support for the Government’s aim to increase residential housing in the city of Hamilton, helping to create a vibrant city centre, while supporting retail businesses and nightlife. “A residential city is also critical to government’s population goal, while easing pressure on our limited and delicate open space in the parishes,” Mr. Dunleavy said. “It can create new economic opportunities for local companies and lower the cost of housing for all of us, providing a new rung on the housing ladder for first-time homeowners and young Bermudians at a more affordable price point. “So, 2025 marks a significant moment in Bermuda’s economic development. Our continued success and growth will depend on all of us working together on a shared vision and effective execution of that. Bermuda’s best days can be ahead, and ABIC and its members look forward to continuing to play our role in Bermuda’s success story.” A spokesperson added, “Recapping ABIC’s activities in 2024, Mr. Dunleavy detailed new vision and mission statements, updated after a survey of members and a strategic review: “Vision: To help make Bermuda a domicile where international companies choose to come and stay because they will benefit from access to qualified talent, a community that values their presence and an internationally competitive environment that evolves with the changing times. “Mission: ABIC partners with Government, IB and the community, to ensure that Bermuda is an internationally competitive domicile, where both international companies and the broader community thrive. “As part of its mission, ABIC hosted discussions with policymakers, community organisations and thought leaders, including the Premier and Minister of Finance; the Minister of Economy and Labour; the CEO of the Bermuda Monetary Authority; the Chair of the Tax Reform Commission and the Commissioners; and representatives of Bermuda Reserve Police, among others. Discussions focused on topics including economic development, growing the working population, global minimum tax, regulatory amendments, community engagement, and the immigration process. “Mr. Dunleavy also thanked Patrick Tannock, who retired this year after nine years as ABIC Chair and a 40-year insurance career, for his “unwavering commitment, time, talent and passion that have greatly benefited ABIC and all stakeholders”. Mr. Tannock will remain on the ABIC Board of Directors. : ,

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Leonardo da Vinci’s Surreptitious ScentsNEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after created only some ripples on Wall Street, even if they could were they to take effect. The S&P 500 climbed 0.5% and was on track to top its set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he on Mexico, Canada and as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun from a two-decade high a couple months ago to offer support to the . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's earlier this month said they should lower rates gradually, according to released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.NorCal homicide victim 'Skeleton in Sneakers' identified

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AP Business SummaryBrief at 6:13 p.m. ESTDr. Joseph Akanjolenur Whittal, the Commissioner for the Commission on Human Rights and Administrative Justice (CHRAJ), has sharply criticized Lydia Alhassan, the Member of Parliament for Ayawaso West Wuogon, for distributing food during the special voting exercise on Monday. In a media interview earlier today, Dr. Whittal condemned the act, expressing concerns about its potential to undermine the credibility of the electoral process. “I know the Member of Parliament has denied it, but it is not right to treat, treat as in the legal term, to share food, to share money, to anybody in the queue in preparation to vote, because it is tantamount to corruption and an integrity issue,” he stated, speaking to TV3. The CHRAJ Commissioner emphasized the importance of maintaining a transparent and ethical election process, asserting that such actions could be viewed as an attempt to influence voters and compromise the integrity of the elections. To safeguard the electoral process, Dr. Whittal revealed that CHRAJ has trained and deployed 300 personnel to polling stations across the country. These officers are tasked with observing and recording activities at voting centers to ensure fairness and transparency. “For the 2024 elections, we are going to deploy 300 staff across the length and breadth of the country who will observe the elections, but with a tool, a checklist that will enable us to monitor the right to vote,” he stated. Additionally, Dr. Whittal stressed the need for inclusivity, particularly as Ghana marks the International Day for Persons with Disabilities on December 3. He urged election officials to prioritize the participation of persons with disabilities, ensuring that polling stations are accessible and that all voters can cast their ballots without barriers. Dr. Whittal’s comments come amid increasing calls for political actors to adhere to ethical standards and uphold the integrity of the democratic process as Ghana heads into a crucial electoral period.

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Northeastern defeats Old Dominion 75-71ORRVILLE, Ohio , Dec. 17, 2024 /PRNewswire/ -- The J. M. Smucker Company (the "Company") (NYSE: SJM ) today announced the pricing terms for its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase up to $300 million aggregate purchase price, not including accrued and unpaid interest (the "Offer Cap"), of the Company's validly tendered (and not validly withdrawn) notes set forth below (the "Notes") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance priority levels noted in the table below (the "Acceptance Priority Levels"). The Offers are being made pursuant to an Offer to Purchase, dated December 3, 2024 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers. As of 10:00 a.m. New York City time, on December 17, 2024 (the "Price Determination Time"), the Company expects to accept for purchase pursuant to the Offers the full amount of the 2.750% Senior Notes due 2041 (which have an Acceptance Priority Level of 1), the full amount of the 3.550% Senior Notes due 2050 (which have an Acceptance Priority Level of 2) and a portion of the 2.125% Senior Notes due 2032 (which have an Acceptance Priority Level of 3) validly tendered and not validly withdrawn at or prior to the Early Tender Time (as defined below) on a prorated basis as described in the Offer to Purchase, using a proration factor of approximately 69.9%, so that the aggregate purchase price does not exceed the Offer Cap. The 4.375% Senior Notes due 2045 (which have an Acceptance Priority Level of 4) and the 5.900% Senior Notes due 2028 (which have an Acceptance Priority Level of 5) will not be accepted for purchase. The "Total Consideration" to be paid for the Notes validly tendered (and not validly withdrawn) at or prior to 5:00 p.m. , New York City time, on December 16, 2024 (the "Early Tender Time") and accepted for purchase pursuant to the Offers, includes an early tender premium of $30 per $1,000 principal amount of Notes so tendered and accepted for purchase (the "Early Tender Premium"), which will not constitute an additional or increased payment. In addition to the applicable Total Consideration, holders who validly tender and do not validly withdraw their Notes, and whose Notes are accepted for purchase in the Offers will also be paid any applicable accrued and unpaid interest up to, but excluding, December 19, 2024 (the "Early Settlement Date"). The Total Consideration has been determined in the manner described in the Offer to Purchase by reference to a fixed spread for each of the Notes over the applicable yield to maturity of the applicable U.S. Treasury Security (the "Reference Treasury Security"), determined at the Price Determination Time as specified in the table below and on the cover page of the Offer to Purchase in the column entitled "Reference U.S. Treasury Security." The table below includes only the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time that the Company expects to accept for purchase pursuant to the Offers. All conditions of the Offers were deemed satisfied by the Company, or timely waived by the Company. Accordingly, the Company expects to accept for purchase, and pay for, $300 million aggregate purchase price of Notes validly tendered (and not validly withdrawn) on the Early Settlement Date. Although the Offers are scheduled to expire at 5:00 p.m. , New York City time, on January 2, 2025, unless extended or terminated, because the aggregate purchase price of Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Time exceeded the Offer Cap, there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Notes tendered after the Early Tender Time will be accepted for purchase. Notes tendered and not purchased on December 19, 2024 (the "Early Settlement Date") will be returned to holders promptly after the Early Settlement Date. This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as Dealer Managers for the Offers (each, a "Dealer Manager" and together, the "Dealer Managers"). Questions regarding the Offers may be directed to Goldman Sachs at (800) 828-3182 (toll free) or (212) 357-­1452 (collect) or to J.P. Morgan at (866) 834-4666 (toll free) or (212) 834-3554 (collect). Requests for the Offer to Purchase or the documents incorporated by reference therein may be directed to D.F. King & Co., Inc., which is acting as the Tender Agent and Information Agent for the Offers, at [email protected] or the following telephone numbers: banks and brokers at (212) 269-5550; all others toll free at (866) 620-2535. The J. M. Smucker Company Forward-Looking Statements This press release ("Release") includes certain forward-looking statements within the meaning of federal securities laws. The forward-looking statements may include statements concerning our current expectations, estimates, assumptions and beliefs concerning future events, conditions, plans and strategies that are not historical fact. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expect," "anticipate," "believe," "intend," "will," "plan," "strive" and similar phrases. Federal securities laws provide a safe harbor for forward-looking statements to encourage companies to provide prospective information. We are providing this cautionary statement in connection with the safe harbor provisions. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made, when evaluating the information presented in this Release, as such statements are by nature subject to risks, uncertainties and other factors, many of which are outside of our control and could cause actual results to differ materially from such statements and from our historical results and experience. These risks and uncertainties include, but are not limited to, the following: our ability to successfully integrate Hostess Brands' operations and employees and to implement plans and achieve financial forecasts with respect to the Hostess Brands' business; our ability to realize the anticipated benefits, including synergies and cost savings, related to the Hostess Brands acquisition, including the possibility that the expected benefits will not be realized or will not be realized within the expected time period; disruption from the acquisition of Hostess Brands by diverting the attention of our management and making it more difficult to maintain business and operational relationships; the negative effects of the acquisition of Hostess Brands on the market price of our common shares; the amount of the costs, fees, expenses, and charges and the risk of litigation related to the acquisition of Hostess Brands; the effect of the acquisition of Hostess Brands on our business relationships, operating results, ability to hire and retain key talent, and business generally; disruptions or inefficiencies in our operations or supply chain, including any impact caused by product recalls, political instability, terrorism, geopolitical conflicts (including the ongoing conflicts between Russia and Ukraine and Israel and Hamas), extreme weather conditions, natural disasters, pandemics, work stoppages or labor shortages (including potential strikes along the U.S. East and Gulf coast ports and potential impacts related to the duration of a recent strike at our Buffalo, New York manufacturing facility), or other calamities; risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging, and transportation; the impact of food security concerns involving either our products or our competitors' products, including changes in consumer preference, consumer litigation, actions by the U.S. Food and Drug Administration or other agencies, and product recalls; risks associated with derivative and purchasing strategies we employ to manage commodity pricing and interest rate risks; the availability of reliable transportation on acceptable terms; our ability to achieve cost savings related to our restructuring and cost management programs in the amounts and within the time frames currently anticipated; our ability to generate sufficient cash flow to continue operating under our capital deployment model, including capital expenditures, debt repayment to meet our deleveraging objectives, dividend payments, and share repurchases; a change in outlook or downgrade in our public credit ratings by a rating agency below investment grade; our ability to implement and realize the full benefit of price changes, and the impact of the timing of the price changes to profits and cash flow in a particular period; the success and cost of marketing and sales programs and strategies intended to promote growth in our business, including product innovation; general competitive activity in the market, including competitors' pricing practices and promotional spending levels; our ability to attract and retain key talent; the concentration of certain of our businesses with key customers and suppliers, including primary or single-source suppliers of certain key raw materials and finished goods, and our ability to manage and maintain key relationships; impairments in the carrying value of goodwill, other intangible assets, or other long-lived assets or changes in the useful lives of other intangible assets or other long-lived assets; the impact of new or changes to existing governmental laws and regulations and their application; the outcome of tax examinations, changes in tax laws, and other tax matters; a disruption, failure, or security breach of our or our suppliers' information technology systems, including, but not limited to, ransomware attacks; foreign currency exchange rate and interest rate fluctuations; and risks related to other factors described under "Risk Factors" in other reports and statements we have filed with the SEC. We do not undertake any obligation to update or revise these forward-looking statements to reflect new events or circumstances. About The J. M. Smucker Company At The J.M. Smucker Co., it is our privilege to make food people and pets love by offering a diverse family of brands available across North America . We are proud to lead in the coffee, peanut butter, fruit spreads, frozen handheld, sweet baked goods, dog snacks, and cat food categories by offering brands consumers trust for themselves and their families each day, including Folgers ® , Dunkin' ® , Café Bustelo ® , Jif ® , Uncrustables ® , Smucker's ® , Hostess ® , Milk-Bone ® , and Meow Mix ® . Through our unwavering commitment to producing quality products, operating responsibly and ethically, and delivering on our Purpose, we will continue to grow our business while making a positive impact on society. For more information, please visit jmsmucker.com . The J. M. Smucker Company is the owner of all trademarks referenced herein, except for Dunkin' ® , which is a trademark of DD IP Holder LLC. The Dunkin'® brand is licensed to The J. M. Smucker Company for packaged coffee products sold in retail channels, such as grocery stores, mass merchandisers, club stores, e-commerce and drug stores, as well as in certain away from home channels. This information does not pertain to products for sale in Dunkin' ® restaurants. SOURCE The J.M. Smucker Co.President Joe Biden ’s administration is set to initiate a trade investigation into Chinese semiconductors in the coming days, as part of a push to reduce reliance on a technology that US officials believe pose national security risks. The probe could result in tariffs or other measures to restrict imports on older-model semiconductors and the products containing them, including medical devices, cars, smartphones and weaponry, according to people familiar with the matter. The investigation examining so-called foundational chips could take months to conclude, meaning that any reaction to the findings will be left to the discretion of President-elect Donald Trump ’s incoming team. Biden officials have for months debated whether to initiate the investigation under Section 301, which allows the US to impose restrictions on countries with unfair trade practices, the people said. This week, White House officials agreed to move forward with the inquiry that could help protect the US chip industry. Approving the probe now means that the new Trump administration will likely have the option to impose trade restrictions to protect domestic semiconductor production in the early months of the president-elect’s term. Bolstering the US semiconductor industry has been a key focus for Biden, who has taken aggressive steps to limit advanced US technology from being exported to China. Biden signed into law legislation that provided billions of dollars of incentives for chipmakers to build semiconductor factories in the US to stave off a need for cheaper Chinese-made chips. Spokespeople for the National Security Council and the US Trade Representative declined to comment. Global Competition The White House has used the past two years to implement export restrictions on advanced semiconductors made with American and allied technology. But in the meantime, China has been able to manufacture the older, widely available types of semiconductors at a lower cost than their competitors. Biden officials worry that without restrictions, Beijing will flood the US and global markets with inexpensive chips that will undercut other companies and run them out of business. In May, the White House announced it will increase tariffs on Chinese legacy semiconductors from the current 25% rate to 50% by 2025. But the Biden team largely agreed that was not enough to prevent a market disruption in the future, especially as the US is looking to increase domestic production of semiconductors. To impose those tariffs, Biden used the same authority Trump employed to levy more than $300 billion in tariffs on Chinese goods during his first term.