All eyes are on $100,000 Bitcoin as the token hit a new high of $97,892 on speculation Donald Trump’s support for crypto will mean friendlier regulation. His team is even considering whether to create a new White House post solely dedicated to crypto policy, according to people familiar. The boom boosted US exchange-traded funds investing directly in Bitcoin to surpass $100 billion in total assets. We may not get to see a report into alleged sexual misconduct by Trump’s pick for attorney general, Matt Gaetz. Its release was blocked by Republicans on the House Ethics Committee, according to the panel’s top Democrat. It comes within hours of reports the president-elect is poised to skip FBI vetting of his nominees. Here’s why senators from both parties are worried. No news yet on who Trump will pick as his Treasury secretary, but the possibility it might be Apollo Global Management boss Marc Rowan has people speculating about just how good it could be for the business. Elsewhere, surgeon and author Marty Makary is the leading candidate for the Food and Drug Administration, people familiar said. Pete Hoekstra was nominated as ambassador to Canada. Canadian Prime Minister Justin Trudeau. Photographer: Graham Hughes/Bloomberg There’s plenty going on there. Canada’s Employment Minister Randy Boissonnault was forced to step down amid scrutiny of his business dealings. He joins six other ministers since July who have either left the cabinet or made clear their decision not to run in the next election, adding to Prime Minister Justin Trudeau’s political woes. AI chip superstar Nvidia’s stock fell premarket after its forecast failed to dazzle. The company needs to “give a real knockout” to impress investors, LPL Financial said. And the decision by US prosecutors to charge Indian billionaire Gautam Adani on bribery charges wiped more than $15 billion from his net worth as his companies’ stocks and bonds slumped. |