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Mississippi reacts after Scott Colom wins Senate race

18m ago • Us • CBS News

Summary

CBS News projected Scott Colom to win Mississippi’s U.S. Senate race after a close contest with Cindy Hyde-Smith. Mark Strassmann reported on reactions in Mississippi.

Key Facts

Scott Colom was projected to win Mississippi’s Senate race.
Cindy Hyde-Smith was Colom’s opponent.
The race was described as razor-tight.
The race was in Mississippi.
Mark Strassmann reported on reactions in Mississippi.

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CBS News

Trump calls for former Apple leader Tim Cook to replace Jensen Huang as Nvidia CEO

26m ago • Technology • CBS News

Summary

Nvidia co-founder Jensen Huang resigned as CEO on Thursday amid allegations involving an affair with a suspected Chinese spy. President Donald Trump suggested former Apple CEO Tim Cook as Huang’s replacement, and Nvidia appointed an interim CEO.

Key Facts

Jensen Huang resigned as Nvidia CEO on Thursday.
Huang co-founded Nvidia.
The resignation came amid allegations of an affair with a suspected Chinese spy.
President Donald Trump suggested Tim Cook as a possible replacement for Huang.
Cook previously served as Apple’s CEO.
Nvidia appointed an interim CEO.

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CBS News

Scandal-hit Nvidia CEO Jensen Huang quits, plunging AI chipmaking giant into turmoil

33m ago • Technology • BBC World

Summary

Nvidia CEO Jensen Huang has resigned after reports of two alleged extramarital relationships, including one with a company executive. The allegations have prompted scrutiny from U.S. lawmakers over national security concerns, while Nvidia investigates whether foreign intelligence efforts targeted Huang.

Key Facts

Huang led Nvidia as chief executive from 1993 until his resignation.
Huang said he had been unfaithful to his wife after reports of an alleged relationship with Alice Huang, who is not related to him.
Alice Huang worked for Singapore-based Megaspeed and has been suspected of being a Chinese intelligence asset; China rejected the allegation.
U.S. Attorney General Todd Blanche said the Justice Department had reached no conclusion about whether Alice Huang engaged in espionage for China.
Democratic lawmakers demanded that Huang brief Congress about the allegations and said he could face a subpoena if he refuses a committee request.
U.S. media reported a second alleged relationship, with Nvidia executive Kimberly Powell, who reportedly reported directly to Huang.
Nvidia said it had no reason to believe national security or company secrets were compromised and said an independent inquiry would review available information.
Nvidia shares lost $550 billion in market value over five days, according to the report.

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BBC World

Warning Issued Over Student Loans as Trump Admin Policies Take Effect

38m ago • Us • Newsweek

Summary

Changes to federal student loan rules that took effect July 1 limit the repayment plans generally available to borrowers who take out a new Direct Consolidation Loan. New York Attorney General Letitia James warned borrowers to weigh the effects before consolidating, since some may lose access to older plans and progress toward loan forgiveness.

Key Facts

A new Direct Consolidation Loan generally gives borrowers access to the Tiered Standard Repayment Plan or the new Repayment Assistance Plan (RAP).
Borrowers with eligible loans disbursed before July 1, 2026, may keep access to certain older repayment plans if they do not take out a new loan or consolidation loan on or after that date.
The Income-Contingent Repayment and Pay As You Earn plans are scheduled to end no later than July 2028.
Older income-driven plans generally allowed forgiveness after 20 or 25 years of qualifying payments; RAP requires 30 years.
Consolidating can cause some borrowers to lose progress toward income-driven loan forgiveness.
Parent PLUS borrowers who consolidate generally cannot use income-driven repayment plans through the new consolidation loan.
The Tiered Standard Repayment Plan does not qualify for Public Service Loan Forgiveness.

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Family Dollar to pay $63m to settle overcharging allegations

39m ago • Business • Guardian US

Summary

Family Dollar agreed to pay $63 million to settle claims by the Federal Trade Commission and 17 states that it repeatedly charged customers more at checkout than the prices displayed in stores. The settlement requires the company to fund customer relief, offer discounts, pay state authorities and improve its pricing checks and employee training.

Key Facts

Family Dollar operates roughly 7,000 stores.
The settlement includes a $40 million fund for customer relief, $20 million in customer discounts and more than $3 million for state authorities.
Family Dollar must regularly monitor and verify prices, train employees to identify pricing problems and promptly correct overcharges.
The company neither admitted nor denied the authorities’ allegations.
An FTC investigator was overcharged on 15 of 50 items purchased at a Family Dollar store in Euclid, Ohio, in January.
The lawsuit cited customer complaints about advertised discounts on diapers and Dr Pepper that were not honored.
The FTC and 17 states announced the enforcement action.

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Guardian US

SpaceX to invest $74B into data center construction projects in Texas, Arizona

43m ago • Business • The Hill

Summary

SpaceX plans to invest more than $74 billion to build two data centers in Texas and Arizona. The company said the projects would increase local tax revenue and support schools and public services.

Key Facts

SpaceX announced plans to invest more than $74 billion in data center construction.
The company plans to build two data centers.
The projects are planned for Texas and Arizona.
SpaceX said the projects would expand local tax bases.
SpaceX said the projects would generate revenue for schools and public services.
The projects face local backlash over data center facilities.

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Russian court jails rights lawyer for 12 years on treason charge

49m ago • World • Al Jazeera

Summary

A court in Russia’s Kaliningrad region sentenced 66-year-old rights lawyer Maria Bontsler to 12 years in prison for treason. Prosecutors accused her of giving Ukraine information about security officers and criminal cases in the region.

Key Facts

The court issued Bontsler’s sentence on Thursday.
Prosecutors had sought a 15-year prison term.
The court also imposed an additional year of restrictions on her activities.
The FSB detained Bontsler over allegations that she had passed information to Ukraine beginning in 2024.
The trial was held behind closed doors, according to rights group Slovo Zashchite.
Slovo Zashchite said Bontsler and her lawyers could not attend the trial, though she was allowed to make a closing statement.
Her lawyers argued that the information cited by prosecutors was not secret and said she was in poor health in detention.

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Al Jazeera

Cindy Holscher wins election for Kansas governor, extending Democrats' wave of victories

52m ago • Us • PBS NewsHour

Also reported by The Hill

Summary

Cindy Holscher, a Democrat and Kansas state senator, won the governor’s race against Republican Ty Masterson. Her victory kept the governorship in Democratic hands and came alongside Democratic wins in Kansas’s U.S. Senate and attorney general races.

Key Facts

Holscher will succeed term-limited Democratic Gov. Laura Kelly.
Masterson leads the Republican caucus in the Kansas Senate.
Holscher made a state pause on new artificial intelligence data centers a central campaign promise.
The Republican Governors Association spent $19 million on television and digital advertising in the race.
Republicans outspent Democrats by more than three to one overall.
Holscher won more than 60% of the vote in Johnson County, helping offset Masterson’s strong results in rural areas.
Democrat Adam Hamilton won a U.S. Senate seat in Kansas, the party’s first victory in a Kansas Senate race since 1932.
Democrat Chris Mann defeated Republican state Attorney General Kris Kobach.

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PBS NewsHour The Hill

11 names to watch in the Jensen Huang succession search

1h ago • Business • Axios

Summary

Nvidia is searching for a permanent CEO after Jensen Huang resigned, with CFO Colette Kress serving as interim CEO. Potential candidates include Nvidia executives Ian Buck and Chris Malachowsky, as well as Arm CEO René Haas; the next leader would face regulatory and geopolitical challenges tied to the company’s AI business.

Key Facts

Nvidia began a search for a permanent replacement for Jensen Huang after his resignation.
CFO Colette Kress is serving as interim CEO.
Nvidia’s board said it would consider internal and external candidates.
Harvey Jones became Nvidia’s first board chair after Huang’s departure.
Kress is viewed as a potential permanent CEO and has represented Nvidia on investor calls for more than a decade.
Ian Buck is Nvidia’s vice president and general manager of hyperscale and high-performance computing, and helped develop CUDA.
Chris Malachowsky co-founded Nvidia with Huang in 1993 and has held technical leadership roles.
René Haas leads Arm Holdings and previously worked at Nvidia; Nvidia and Arm abandoned a planned $40 billion acquisition in 2022.

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Axios

What happens next as Huang steps down as Nvidia CEO following affair scandal

30m ago • Business • CBS News

Summary

Jensen Huang resigned as Nvidia’s CEO on Thursday after allegations of an affair with a person described as an alleged Chinese spy. Nvidia appointed an interim CEO, and Donald Trump called for Tim Cook to replace Huang.

Key Facts

Jensen Huang resigned as Nvidia’s CEO on Thursday.
The resignation followed allegations of an affair involving a person described as an alleged Chinese spy.
Nvidia appointed an interim CEO.
Donald Trump called for Apple CEO Tim Cook to replace Huang at Nvidia.
Huang co-founded Nvidia in 1993.

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CBS News

Ex-Oklahoma death row inmate pleads guilty to lesser charge

33m ago • Us • CBS News

Summary

Richard Glossip pleaded guilty to a lesser accessory charge in the 1997 killing of motel owner Barry Van Treese, and the murder charge against him was dismissed. He is scheduled to be sentenced in December and could be released or receive up to 15 years in prison.

Key Facts

Van Treese was beaten to death with a baseball bat in Oklahoma City in 1997.
Justin Sneed admitted killing Van Treese and testified that Glossip promised him $10,000.
Glossip’s guilty plea acknowledged allegations that he helped cover a broken hotel window, saw Van Treese’s body, and did not tell police that Sneed killed him.
The U.S. Supreme Court overturned Glossip’s conviction and death sentence in 2025 after finding that prosecutors failed to correct false testimony by Sneed.
Glossip was released on bond in May 2025 while awaiting a retrial.
Oklahoma Attorney General Gentner Drummond said prosecutors would seek additional prison time but would not seek the death penalty.
Glossip had spent nearly 30 years incarcerated and faced nine scheduled execution dates.

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CBS News

Senate Democrats weigh December funding deadline to force an end to Iran war

1h ago • Us • The Hill

Summary

Some Senate Democrats are considering using a December government funding deadline to pressure President Donald Trump’s administration to end the war in Iran. Party leaders have not decided whether to risk a government shutdown, while Democrats from progressive and moderate wings are seeking action.

Key Facts

Some Senate Democrats are considering using a government funding deadline to press for an end to the war in Iran.
The funding deadline is in December.
The Democrats aim to pressure the Trump administration to end the war.
Senate Democratic leaders have not decided whether to risk a government shutdown.
Democrats seeking action include progressives and moderates.
The effort could complicate end-of-year legislative work.

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Donald Trump Jr exits as paid adviser for prediction market Kalshi

1h ago • Business • Guardian World

Also reported by The Hill, ABC News

Full coverage (3 outlets)

Summary

Donald Trump Jr. has ended his paid advisory role with prediction market company Kalshi. The company said the decision was mutual and followed his investment firm’s increased investment in competitor Polymarket.

Key Facts

Kalshi said Trump Jr.’s advisory role ended after 1789 Capital made a significant investment in Polymarket.
1789 Capital increased its investment in Polymarket in August 2026 as part of the company’s latest fundraising round.
Trump Jr. became a paid strategic adviser to Kalshi shortly after Donald Trump began his second presidential term in January 2025.
Trump Jr. has been an investor in Polymarket since August 2025.
Kalshi said Trump Jr. helped the company market its services to more customers.
The Commodity Futures Trading Commission has supported efforts to expand prediction market products nationwide, including sports-related contracts.
Kalshi and Polymarket have denied that their financial ties to the Trump family influenced regulation of the industry.

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Guardian World The Hill ABC News

Abdul El-Sayed Floats Mock Gold ‘TrumpCare’ Card in Medicare For All Push

1h ago • Us • Newsweek

Summary

Michigan Senator-elect Abdul El-Sayed promoted a mock gold “TrumpCare” card as part of his push for President Donald Trump to support health coverage for every American. El-Sayed says he wants a single public insurance program with coverage from birth to death and no premiums, copays, or deductibles.

Key Facts

El-Sayed posted images of the mock card on X and addressed Trump directly.
The card says people could show it at any U.S. doctor, hospital, clinic, or pharmacy.
El-Sayed said he would accept Trump’s name for a universal health care program.
El-Sayed won the November 3 election against Republican Mike Rogers and is set to replace retiring Democratic Senator Gary Peters in January.
El-Sayed is a physician and previously led Detroit’s health department.
U.S. health spending averaged $14,775 per person in 2024, according to the Peterson-KFF Health System Tracker.
KFF estimates that Americans owe at least $220 billion in medical debt.
The Medicare for All Act and its House companion have not received a floor vote.

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Newsweek

Five takeaways from Nvidia’s Jensen Huang scandal

1h ago • Business • The Hill

Also reported by CBS News, ABC News

Full coverage (3 outlets)

Summary

Jensen Huang, Nvidia’s CEO and co-founder, resigned Thursday after acknowledging an extramarital affair. A woman involved was suspected of being a Chinese agent, and a second affair with an Nvidia colleague was reported.

Key Facts

Jensen Huang co-founded Nvidia.
Huang served as Nvidia’s CEO.
Huang resigned on Thursday.
Huang acknowledged an extramarital affair.
The woman involved in that affair was suspected of being a Chinese agent.
A second affair involving an Nvidia colleague was reported.

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The Hill CBS News ABC News

Sen. Blumenthal says federal prosecutor attempting to investigate him for conducting an inquiry

1h ago • Us • PBS NewsHour

Summary

Sen. Richard Blumenthal said he received a letter from U.S. Attorney for the Southern District of Texas Aaron Reitz informing him that he was being investigated over a congressional inquiry. Blumenthal called the investigation baseless and asked Reitz to preserve records related to his letter, including communications with the White House and senior Justice Department officials.

Key Facts

Blumenthal is a Democratic senator from Connecticut.
Blumenthal said the inquiry concerned his congressional investigation into corporate donations to projects supported by President Donald Trump.
Blumenthal said the public has a right to know the circumstances of those donations.
Blumenthal sent Reitz a letter asking him to preserve related records and correspondence.
Reitz's office had been contacted for comment.
Attorney General Todd Blanche said Democrats could not go around threatening companies and the administration with investigations.
House Democratic Leader Hakeem Jeffries criticized the administration's actions and said they reflected Trump's views on corporate America.

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PBS NewsHour

FAA expands AI advice to manage air traffic congestion across entire US airspace

1h ago • Technology • Ars Technica

Summary

The FAA has expanded its SMART system, an AI tool that advises air traffic controllers, to airspace served by all 22 air route traffic control centers in the United States. The system makes route and scheduling recommendations, which FAA specialists review and local controllers can accept or reject.

Key Facts

The FAA said SMART cost $875 million.
SMART began operating in airspace over Washington, DC, on September 21.
The FAA said the system had helped reroute 180 flights and saved an average of 10 minutes and nearly 80 gallons of fuel per flight.
SMART combines weather, flight paths, traffic flow and controller staffing information to predict air traffic patterns.
FAA specialists review SMART recommendations before sending them to air traffic facilities.
The FAA says SMART cannot control aircraft or replace air traffic controllers.
The National Air Traffic Controllers Association said it was not involved in SMART's design, testing or implementation.

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Ars Technica

Russia using 'illegal and unethical means, knows Europe won't use same means back', expert says

1h ago • World • France24

Summary

European officials and security experts have raised concerns that hoax threats and cyberattacks may form part of a broader hybrid warfare campaign. Atlantic Council senior fellow Elisabeth Braw said Russia seeks to increase its power at Europe’s expense and uses illegal and unethical tactics because it expects European countries not to respond in kind.

Key Facts

European concerns have grown over recent hoax threats and cyberattacks.
The activity may be part of a wider hybrid warfare campaign, which combines methods such as cyberattacks and intimidation.
Elisabeth Braw is a senior fellow with the Atlantic Council’s Transatlantic Security Initiative.
Braw said Russia aims to increase its power at the expense of European countries.
Braw said Russia uses illegal and unethical means because it expects Europe not to use the same methods in response.

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France24

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Critics say Lutnick failed to cut off diversion of Nvidia chips to China

34m ago • Us • CBS News

Summary

Commerce Secretary Howard Lutnick faces scrutiny over the department’s handling of a probe into whether Nvidia AI chips sold to Singapore-based Megaspeed International were diverted to China. Critics point to the department’s failure to place Megaspeed on its Entity List and question whether Lutnick’s business ties affected oversight; the department did not respond to a request for comment.

Key Facts

The Commerce Department’s Bureau of Industry and Security opened an investigation into Nvidia chip sales to Megaspeed in 2024 to determine whether the chips were being redirected to China.
The probe was later transferred to the Justice Department, which declined to comment on the investigation.
Megaspeed is suspected of illegally shipping Nvidia’s advanced AI chips to Chinese entities in violation of U.S. restrictions.
The Commerce Department has not added a company to its Entity List since October 2025.
Treasury Secretary Scott Bessent reportedly confronted Lutnick over the department’s failure to add Megaspeed to the Entity List.
Senator Elizabeth Warren called on Lutnick and Commerce Department official Jeffrey Kessler to explain why they had not closed export-control loopholes.
Before Trump nominated Lutnick to lead the Commerce Department, he chaired and ran Cantor Fitzgerald, which held about $1.2 billion in Nvidia stock at the time.
A company Lutnick ran, BGC Group, held a 33% stake in a joint venture with China Credit Trust, a Chinese state-owned company.

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CBS News

USPS adds permanent postage surcharge, citing higher fuel costs

1h ago • Us • CBS News

Summary

The U.S. Postal Service will make an 8% surcharge on selected postage prices permanent in 2027 and add a 3% price increase. The changes start Jan. 17, 2027, as the agency cites higher fuel costs and ongoing financial losses.

Key Facts

The USPS Board of Governors approved the 11% increase on selected postage prices.
The 8% surcharge began as a temporary measure in April and will become permanent in 2027.
The USPS will review the surcharge in July 2027 based on fuel prices during the first half of the year.
Domestic shipping prices will rise by an average of 5.9% for Priority Mail, Priority Mail Express, USPS Ground Advantage and Parcel Select.
International shipping prices will rise by an average of 7.9% for four services, including Priority Mail International and First-Class Package International Service.
The national average diesel price was $6.10 per gallon, compared with $3.76 a year earlier.
The USPS reported a $6.5 billion loss for fiscal year 2026, down from a $9 billion loss the previous year.

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