Morning Brew Daily Wall Street Exec. Tapped for Treasury Secretary & European EV Market In Trouble?
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Nov 25, 2024 The selection of Scott Bessent as Treasury Secretary raises eyebrows across Wall Street and among influential figures. Meanwhile, an Indian billionaire's alleged bribery case complicates U.S.-India ties amid accusations of fraud involving the Adani Group. The bankruptcy of Northvolt, a key player in Europe’s EV market, signals trouble ahead for the industry. On a lighter note, 'Wicked' dominates the box office, while the chess world buzzes with excitement over the latest championship. A humorous take on Thanksgiving traditions adds a festive twist.
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Turkey Pardon
- President Biden will pardon two turkeys, Peach and Blossom, continuing a tradition.
- This PR stunt, started by the National Turkey Federation, raises awareness for the turkey industry.
Trump's Treasury Pick
- President-elect Donald Trump has chosen Wall Street billionaire Scott Bessent as Treasury Secretary.
- Bessent, a former protege of George Soros, supports Trump's economic agenda, including tax cuts and tariffs.
Treasury Secretary's Role
- The Treasury Secretary is the top economic policymaker, overseeing government debt, tax collection, and sanctions.
- They are sometimes referred to as "America's CFO."