Donald Trump to Repeal Joe Biden's AI Executive Order

This will open the floodgates! Once Donald Trump takes this decisive action, it will ignite a second wave of euphoria in AI stocks. And one company -- founded by Elon Musk, Trump's right-hand man and most trustworthy advisor -- is in the prime position to profit. (Hint: It's NOT Tesla).

Business Lookahead

TOM NOUVIAN
January 23, 2025

AP Business Lookahead

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

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US--CALIFORNIA WILDFIRE-DISASTER AID

DESCRIPTION: California Republicans are pushing back against suggestions by President Donald Trump, House Speaker Mike Johnson and other Republicans that federal disaster aid for victims of wildfires that ravaged Southern California should come with strings attached, possibly jeopardizing the president's policy agenda in a deeply divided Congress at the outset of his second term.

UPCOMING: By 01/23/2025 3:00 a.m. EST, Text

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COSTCO-DEI

DESCRIPTION: Costco is going against the corporate anti-DEI wave by pushing back against a shareholder proposal urging the wholesale club operator to conduct an evaluation on the risks to its business posed by its diversity and inclusion practices. Costco shareholders are expected to vote on the proposal presented by the National Center for Public Policy Research at the company's annual meeting on Thursday afternoon.

UPCOMING: By 01/23/2025 4:00 a.m. EST, Photo, Text

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BE WELL-WORKING WELL-DIGITAL EYE STRAIN

DESCRIPTION: Digital screens are pervasive, not only at work but in our homes, schools and stores. An estimated 104 million Americans of working age spend more than seven hours a day in front of computer, tablet and cellphone screens, according to the American Optometric Association. All that screen time can take a toll, and optometrists have recommendations for keeping eyes healthy and vision clear.

UPCOMING: By 01/23/2025 8:00 a.m. EST, Graphic, Text

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US--PHILANTHROPY-NEWMANS OWN

DESCRIPTION: Newman's Own Foundation, which owns the food company founded by actor Paul Newman, launched a call for more companies to join them in donating 100% of their profits to charity.

UPCOMING: By 01/23/2025 8:00 a.m. EST, DigitalPlans, Photo, Text

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US-TRUMP-GEOTHERMAL-ENERGY

DESCRIPTION: President Trump has been openly hostile to renewable sources of electricity, but he seems to like geothermal energy. Trump wants to increase production of oil and natural gas in order for the U.S. to have the lowest-cost energy and electricity of any nation in the world, he says. Energy experts say it makes sense that Trump will try to boost geothermal, too. By Jennifer McDermott. UPCOMING: 700 words.

UPCOMING: By 01/23/2025 9:30 a.m. EST, Photo, Text

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EARNS-RAILROADS

DESCRIPTION: Union Pacific and CSX railroads will both release their fourth-quarter earnings reports on Thursday, Jan. 23. By Business Writer Josh Funk NOTE: Union Pacific releases its report in the morning and CSX reports in the afternoon.

UPCOMING: By 01/23/2025 10:00 a.m. EST, Photo, Text

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US NEWTOWN SHOOTING-INFOWARS

DESCRIPTION: ON MERITS: Another hearing is scheduled Thursday in conspiracy theorist Alex Jones' bankruptcy case, with proposed settlements on the agenda that could move the sale of Infowars forward after a failed auction involving The Onion.

ON MERITS: By 01/23/2025 1:00 p.m. EST, Photo, Text

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CLIMATE-TRUMP-ELECTRIC VEHICLES-REAX

DESCRIPTION: President Trump has slashed a slew of EV-related policies, which could affect many states that have received billions of dollars in investment for electrification, notably Michigan. But many Michigan EV industry stakeholders are optimistic.

UPCOMING: By 01/23/2025 9:30 a.m. EST, Photo, Text

Continue Reading...

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