Opposition Leader John Pesutto defamed ousted Liberal MP Moira Deeming, the Federal Court has found, in a high-stakes judgment that could cost him his job. Pesutto was ordered to pay Deeming $300,000 for the damage to her reputation in a damning judgment that found he had defamed her on five separate occasions. Independent MP Moira Deeming (centre) pictured arriving at court ahead of the judgment. Credit: AAPIMAGE Deeming alleged she had been “tarred with the Nazi brush” as part of Pesutto’s “campaign” to expel her from the parliamentary Liberal Party, her barrister Sue Chrysanthou, SC, had told the court. Deeming, who now sits on the crossbench of the Victorian Parliament, had helped organise the Let Women Speak rally on March 18, 2023. Neo-Nazis were among several groups of protesters that arrived at the steps of parliament that day. She condemned the men, said they were not there to support her cause, and told the court she did not see them until they were escorted away by police. Pesutto moved to expel Deeming from the parliamentary party in the following days. She was instead suspended in a last-minute compromise, but was ultimately expelled weeks later, after threatening to bring in lawyers. Handing down his decision on Thursday after hearing more than three weeks of evidence that damaged the party room and threatened stability, Justice David O’Callaghan agreed Pesutto had defamed Deeming. Rumblings to overthrow Pesutto in October did not amount to anything, but many in the party room had privately accepted that a loss for Pesutto would make his position as leader untenable. John Pesutto and Moira Deeming outside the Federal Court during the defamation trial. Credit: The Age In a damning finding, O’Callaghan found Pesutto had defamed Deeming in a media release, during two radio interviews, at a press conference and in an expulsion motion and dossier. O’Callaghan said that while Pesutto had defended the case on the grounds of public interest, honest opinion and qualified privilege, all those failed and the defence of contextual truth did not arise. More to come Get alerts on significant breaking news as happens. Sign up for our Breaking News Alert .
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ST MIRREN 2 RANGERS 1 This time Clement's men have no-one to blame but themselvesOld National Bancorp ( NASDAQ:ONB – Free Report ) had its target price lifted by Barclays from $24.00 to $26.00 in a research note published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the bank’s stock. Other research analysts have also issued reports about the stock. StockNews.com upgraded shares of Old National Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Raymond James raised Old National Bancorp from a “market perform” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research note on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and set a $27.00 target price (up from $23.00) on shares of Old National Bancorp in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Old National Bancorp currently has an average rating of “Moderate Buy” and an average price target of $23.44. Check Out Our Latest Stock Report on ONB Old National Bancorp Stock Performance Old National Bancorp ( NASDAQ:ONB – Get Free Report ) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. Old National Bancorp had a return on equity of 10.10% and a net margin of 17.93%. The firm had revenue of $485.86 million during the quarter, compared to analysts’ expectations of $482.20 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Old National Bancorp’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Old National Bancorp will post 1.84 EPS for the current year. Old National Bancorp Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, December 5th. Old National Bancorp’s payout ratio is currently 33.94%. Institutional Investors Weigh In On Old National Bancorp Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in Old National Bancorp by 147.3% during the third quarter. Victory Capital Management Inc. now owns 7,225,093 shares of the bank’s stock worth $134,820,000 after acquiring an additional 4,303,071 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Old National Bancorp by 12.7% in the second quarter. Dimensional Fund Advisors LP now owns 16,840,509 shares of the bank’s stock valued at $289,481,000 after purchasing an additional 1,896,748 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Old National Bancorp by 6,650.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,275,792 shares of the bank’s stock worth $21,931,000 after buying an additional 1,256,892 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Old National Bancorp by 469.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,039,643 shares of the bank’s stock valued at $19,400,000 after acquiring an additional 857,158 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Old National Bancorp by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 8,331,969 shares of the bank’s stock worth $155,502,000 after acquiring an additional 514,315 shares during the period. 83.66% of the stock is currently owned by hedge funds and other institutional investors. About Old National Bancorp ( Get Free Report ) Old National Bancorp operates as the bank holding company for Old National Bank that provides various financial services to individual and commercial customers in the United States. It accepts deposit accounts, including noninterest-bearing demand, interest-bearing checking, negotiable order of withdrawal, savings and money market, and time deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, commercial loans, commercial real estate loans, agricultural loans, letters of credit, and lease financing. Read More Five stocks we like better than Old National Bancorp 3 Natural Gas Stocks That Offer Great Dividend Yields The Latest 13F Filings Are In: See Where Big Money Is Flowing Profitably Trade Stocks at 52-Week Highs 3 Penny Stocks Ready to Break Out in 2025 Retail Stocks Investing, Explained FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Old National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Old National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .Rockets-Timberwolves game preview: Key players, injury report, broadcast information
PUTRAJAYA: The name of Universiti Putra Malaysia (UPM) will remain, Sultan of Selangor Sultan Sharafuddin Idris Shah decreed. His Royal Highness said the UPM board of trustees and himself as chancellor were not consulted in advance regarding any proposed change of the university’s name. “Therefore, I do not agree with the proposal,” said the state Ruler at the second part of session one of the 48th UPM convocation ceremony yesterday. Sultan Sharafuddin stressed that the UPM name should be maintained because the “Putra” brand – which he launched earlier this year – means “Pertanian Untuk Rakyat” (Agriculture for the People). The Sultan of Selangor also said the name is also in honour of the first prime minister, Tunku Abdul Rahman Putra Al-haj. “I would like to remind those who do not understand history to read and examine historical facts before making any statements, especially involving UPM,” said Sultan Sharafuddin, Bernama reported. On Thursday, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said a proposal to change UPM’s name back to its original name, Universiti Pertanian Malaysia, would be submitted to the Cabinet for discussion. The university’s name was changed on April 3, 1997, to reflect its status as a higher education institution, offering a broader range of programmes beyond agriculture, particularly in science and information technology. UPM currently has 14 faculties, offering various programmes related to agriculture and food security, including smart farming and artificial intelligence applications in agriculture. Earlier, Sultan Sharafuddin also recommended that UPM collaborate with industry players to find ways to repopularise the agricultural sector in the country, especially among the younger generation. His Royal Highness said negative societal views that label agriculture as a field with no future or as a low-class field need to be changed and the public needs to be convinced that agriculture has a bright future. “This effort needs to be implemented because agriculture remains an important sector that needs to be maintained,” Sultan Sharafuddin said.Columbia making long-awaited waves in men’s game from Morningside Heights
The Trudeau government’s two-pronged announcement of a goods and services tax holiday on certain “essential” items and its pledge to dole out $250 to millions of people in the country have left economists scrambling to gauge the impact of Ottawa’s $6.3-billion, election-style splurge. With Canada’s economy facing several headwinds, the stimulus cheques and the on items such as groceries, children’s clothing, beer and Christmas trees are expected to spur consumers to open their wallets, boosting economic growth in the near term. However, the sugar high could fade quickly, as shoppers simply shift around the timing of their purchases. And the jolt of spending – coming on top of recent hotter-than-expected data – may help convince the Bank of Canada to slow its pace of interest-rate cuts. The new big-ticket spending proposals also raise questions about Ottawa’s ability to stay within its self-imposed deficit guardrails, especially if, as some economists think, Prime Minister Justin Trudeau decides to make the sales tax changes permanent as a way to placate angry voters. “Once politicians get the idea that, ‘Oh, playing with the GST, playing with things that are taxable or not,’ is a political winner, they’re never going to stop. And that is not good for the budget and it’s not good for tax policy,” said Stephen Gordon, an economics professor at Laval University. Coming in at around 0.2 per cent of gross domestic product, Ottawa’s will ripple through the economy – but it’s hardly a game-changer. The economics team at Bank of Montreal boosted its GDP growth estimate for the first quarter of 2025 to 2.5 per cent from 1.7 per cent, but trimmed its GDP growth forecast for the third quarter, when the effect of the stimulus fades. Avery Shenfeld, chief economist at Canadian Imperial Bank of Commerce, said that the tax rebates could theoretically increase GDP by as much as a quarter-percentage-point next year, especially because fiscal stimulus has a bigger impact when there is slack in the economy, as is currently the case. “But that’s only if these cheques are permitted to raise the federal deficit,” Mr. Shenfeld wrote in a client note. “If Ottawa is merely shifting funds from what it otherwise would have spent elsewhere, in order to stick to a given deficit target, the impact could be negated.” It’s also unclear how much the stimulus cheques will increase consumer spending, with people potentially pocketing the money or using it to pay down debt, rather than going shopping Mr. Shenfeld said the overall package would likely have a “very marginal” impact on upcoming Bank of Canada interest-rate decisions. This view was shared by other Bay Street economists, although there was a broad agreement that Ottawa’s stimulus essentially seals the deal for a quarter-point rate cut at the next Bank of Canada meeting in December, rather than another half-point cut, as happened in October. “On its own, this probably doesn’t move the needle so significantly because of the fact that it’s not massive and it is temporary,” said Taylor Schleich, director of economics and strategy at National Bank Financial. However, complicating that is the fact the measures come at the same time as stimulus is rolling out from other levels of government, inflation has picked up and housing markets are potentially reaccelerating, he said. “If the Bank of Canada was on the fence about cutting 25 or 50 basis points, perhaps all of this data taken together leads them more towards a more gradual easing approach in the near term,” he said. Governor Tiff Macklem said last month that the bank is less concerned than it was about government spending fuelling inflation and working at cross purposes to the bank’s still-restrictive monetary policy now that inflation is largely under control. “We’re no longer trying to get inflation down. Government spending is not pushing against us getting inflation down, we’ve got it down,” he told the Senate Banking Committee. It’s so far impossible to say how the two measures will impact the federal government’s bottom line, because Ottawa has yet to produce its final spending and revenue picture for the past fiscal year. However, in an , the Parliamentary Budget Officer, Canada’s budgetary watchdog, estimated the deficit for 2023-24 would come in at $46.8-billion, deeper than the $40-billion deficit laid out in the government’s 2024 budget. The government’s own fiscal guardrail aims to maintain the 2023-24 deficit at or below $40.1-billion. The stimulus cheques and GST changes will likely erode the government’s fiscal standing in the coming months, according to Derek Holt, head of capital markets economics at Bank of Nova Scotia, who speculated in a Friday note to clients that the planned two-month GST holiday “is very likely to turn permanent and blow through Ottawa’s finances.” In a separate report, Mr. Holt estimated if the GST changes were made permanent, along with the stimulus cheques, the changes would result in a $14-billion hit to federal finances in fiscal 2025-26 and $10-billion a year in subsequent years. Over a five-year horizon, if the GST changes remained permanent, “the cumulative deficit would balloon by about an extra $52-billion,” he wrote. Even if the changes remain temporary, tend to view these types of stimulus measures dimly, thinking of them as inefficient and poorly targeted. “If they wanted to beef up the income support at lower income levels then you either increase the GST rebates or the Canada Child Benefit, things like that. Just across the board $250 to everybody, that’s clearly electoral,” Prof. Gordon said. Luc Godbout, an economics professor at the Université de Sherbrooke, said the temporary nature of tax cuts will cause consumers to shift the timing of their consumption and complicate things for retailers. And higher-income individuals may also benefit disproportionately from the GST break on things such as restaurant meals. “These are not measures that were thought out from an economic perspective, but from a political perspective,” he said in an e-mail. Nor do the stimulus cheques or GST changes do anything to “impact our long-term growth trajectory or close the competitive gap we have with the U.S.” when it comes to attracting business investment, said Kevin Milligan, a professor of economics at the Vancouver School of Economics at the University of British Columbia. “When you’re in a world of being in deficit and there’s not a macroeconomic need for it, I don’t see these as economically defensible measures,” he said.
Pakistan's Information Minister Attaullah Tarar on Saturday said that the man seen in a viral video falling from a container during a Pakistan Tehreek-e-Insaf (PTI) protest in Islamabad is "completely fine." Speaking to the media, Tarar said that the man sustained minor injuries in the incident, as reported by Dawn. The viral video, shot during a protest at Islamabad's D-Chowk, shows men, dressed as security personnel with riot gear, pushing a man off a stack of three shipping containers. The PTI supporters were demanding the release of their leader and party chief, Imran Khan. The protests turned violent on November 26, and PTI supporters were met with intense tear gas shelling by security forces. According to Dawn, a photographer captured a picture showing a man hanging off the edge of a container while men in uniform stood above him. A video of the incident also went viral, sparking various claims on social media, with some posts alleging that the man had died. Pakistani police throw man from three-story-high stack of shipping containers while he is praying pic.twitter.com/vjaVXza4Vb — Bad Cops 🚨 (@CopsGoneWrong) November 27, 2024 Refuting these claims, Minister Tarar said, "Propaganda was spread that a person offering prayers was killed by being pushed down. He is a resident of Mandi Bahauddin and is completely fine. His video has emerged; he sustained an arm injury and has bandages." Tarar further claimed that the man was recording a TikTok video as part of a challenge with a friend and was not offering prayers at the time, as reported by Dawn. Earlier, Awami National Party (ANP) President Aimal Wali Khan called for a ban on political parties that incite violence, including PTI, Dawn reported. Speaking at a press conference alongside Khyber Pakhtunkhwa Governor Faisal Karim Kundi at the ANP central secretariat in Wali Bagh on Friday, Khan said that PTI has been working in an undemocratic and nonpolitical manner since its formation and it has always encouraged people to behave in a violent manner. He labelled PTI as "waste that should be disposed of" and said that the state had imposed PTI on Khyber Pakhtunkhwa for the past 12 years but such decisions did not give good results, as reported by Dawn report. (Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.) Track Latest News Live on NDTV.com and get news updates from India and around the world
Pep Guardiola: If I can’t reverse Manchester City slide then I have to goThe US says it pushed retraction of a famine warning for north Gaza. Aid groups express concern.
Anthony Richardson remains non-participant Thursday
Daniel Jones officially became an unrestricted free agent after clearing waivers on Monday afternoon. The former No. 6 overall pick of the New York Giants is now free to sign with any NFL team, and ESPN insider Adam Schefter continues to report that the QB’s preference is to “sign with a playoff contender” and that “potential destinations include Minnesota and Baltimore ." Vikings coach Kevin O’Connell was asked about his team’s reported interest in Jones on Monday and didn’t exactly shoot it down: “I can just say that I've been a big fan of Daniel's for a long time and I hope wherever his next step takes him, it's a good opportunity for him." Why are the Vikings being named as a suitor for the embattled quarterback? Here are three reasons why Jones could potentially land in the Twin Cities. 1: Vikings wouldn’t be on the hook for Jones’ previous salary Jones signed a four-year, $160 million extension in March of 2023, and Giants general manager Joe Schoen might never live it down. He was waived just 19 months later, and after clearing waivers, Jones’ next team has the benefit of signing him to a prorated veteran minimum contract for the remainder of 2024. That means a team like Minnesota could bring the 27-year-old Jones in on an extremely risk-free, team-friendly contract in regards to the salary cap. Daniel Jones has officially cleared waivers and is now a street free agent. While a signing is imminent, he has no financial reason to rush. Every dollar he earns from his new team will offset from his $35.5M Giants salary due to language in his previous contract. 2: Minnesota must replace Sam Darnold in 2025 For Minnesota, Jones projects as a cheaper bridge-option quarterback than Darnold, who is expected to land a multi-year deal worth around $28 million in average annual value on the open market in 2025. Minnesota will be out at that price, as the team will want to start building around rookie J.J. McCarthy’s rookie contract as soon as possible. The Vikings currently have one QB signed beyond 2024, and that’s McCarthy. Minnesota will be looking to sign a veteran backup this offseason, and Jones, with 70 career starts, fits the mold. 3. Daniel Jones has untapped potential There’s a reason the Giants paid Jones in the first place. He led New York to the playoffs in 2022, crushing the Vikings at U.S. Bank Stadium in the wild-card round with 301 yards passing and another 78 rushing. There’s obvious potential there, it’s just a matter of finding the right fit. The Giants played a role in DJ’s ugly six-year tenure in East Rutherford. Two head coaches were fired over his first three seasons in the league, and 2023 was marred by some of the worst offensive line play in NFL history. The Giants gave up 85 sacks as a team that season, the most in the NFL since 1986. Jones took a weekly beating and wound up tearing his ACL in Week 5. Has Jones been a great NFL quarterback since entering the league in 2019 out of Duke? Absolutely not. But for a team like Minnesota with a need for a veteran backup quarterback, signing Jones actually makes a lot of sense. Related Minnesota Vikings stories: Vikings $4.1 million starter predicted to leave Minnesota for Bengals Vikings predicted to add former $128 million All-Pro QB as J.J. McCarthy insurance NFL power rankings Week 13: Vikings deserve mention among Lions, Eagles in NFC Kevin O’Connell’s legend grows following message to Bears rookie Caleb WilliamsPercentages: FG .429, FT .738. 3-Point Goals: 2-15, .133 (Taylor 2-8, Phelps 0-2, Wilcher 0-2, Carter 0-3). Team Rebounds: 5. Team Turnovers: 1. Blocked Shots: 6 (Washington 4, Garcia, Obaseki). Turnovers: 12 (Phelps 4, Coleman 3, Taylor 3, Carter, Washington). Steals: 5 (Hefner 2, Carter, Garcia, Wilcher). Technical Fouls: Washington, 12:23 first. Percentages: FG .412, FT .882. 3-Point Goals: 6-26, .231 (Harper 2-6, Bailey 2-8, Williams 1-2, Hayes 1-5, Acuff 0-1, Davis 0-1, Derkack 0-1, Grant 0-2). Team Rebounds: 10. Team Turnovers: None. Blocked Shots: 1 (Harper). Turnovers: 16 (Bailey 4, Williams 4, Derkack 2, Martini 2, Acuff, Hayes, Ogbole, Sommerville). Steals: 7 (Bailey 2, Derkack, Grant, Hayes, Martini, Williams). Technical Fouls: Williams, 12:23 first. .
NO. 20 TEXAS A&M 81, RUTGERS 77
Mum, 26, died after ‘barbaric’ Brazilian butt lift surgery ‘she didn’t agree to’ in Turkey
US Vice President- elect JD Vance is actually emerging as the likely frontrunner for the Republican Presidential Nomination in the US Presidential Elections 2028 following the anticipated second term of US President- elect Donald Trump , reported Fox News. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping According to Fox News, with US President- elect Donald Trump term limited and unable to run again, the position of JD Vance as the US Vice President- elect actually places him in a pretty strong position within the America First movement and the MAGA base, asserted various Republican strategists. They also emphasized on the fact that the recent electoral success of JD Vance and his alignment with Donald Trump's agenda makes him a pretty formidable candidate. While JD Vance is seen as the leading candidate, various experts have acknowledged that he will face severe competition from other prominent Republicans. Fox News asserted that prominent figures like Florida Governor Ron DeSantis , Georgia Governor Brian Kemp and Virginia Governor Glenn Youngkin are the potential challengers, each with their own strengths and national ambitions. Adding onto that, senators such as Ted Cruz, Tom Cotton and Josh Hawley are also viewed as possible contenders. In spite of the pretty competitive landscape, the loyalty of JD Vance to US President- elect Donald Trump and his ability to connect with the MAGA base position him favorably for a US Presidential bid, noted Fox News. As the Republican Party prepares for Us Presidential Elections 2028, the role of JD Vance in the upcoming administration could significantly influence his political trajectory. 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US Vice President- elect JD Vance is actually emerging as the likely frontrunner for the Republican Presidential Nomination in the US Presidential Elections 2028 following the anticipated second term of US President- elect Donald Trump. What places US Vice President- elect JD Vance in a pretty strong position within the America First movement and the MAGA base? With US President- elect Donald Trump term limited and unable to run again, the position of JD Vance as the US Vice President- elect actually places him in a pretty strong position within the America First movement and the MAGA base, asserted various Republican strategists. (You can now subscribe to our Economic Times WhatsApp channel )