Jimmy Carter dies at age 100

Former U.S. President Jimmy Carter holds up his Nobel Peace Prize Dec. 10, 2002, in Oslo, Norway. During his acceptance speech, Carter urged others to work for peace.

Arne Knudsen | Getty Images News | Getty Images

Jimmy Carter, the Georgia peanut farmer who became a U.S. president and a Nobel Prize-winning activist for peace and human rights, has died. He was 100.

Carter’s post-presidency had been widely seen as more successful than his time in the White House, and he called it “more gratifying.” even into his 90s, crusading for human rights, writing books, building homes for the needy with his own hands, teaching Sunday school, and traveling the world in the pursuit of peace.

Carter graduated from the United States Naval Academy, participated in the Navy’s fledgling nuclear-powered submarine program, and served two terms as a Georgia state senator and one as governor before he was elected to the White House.

He became the nation’s 39th president in 1977, defeating President Gerald Ford in the election more than two years after the Watergate scandal drove Richard Nixon from the Oval Office.

Carter had been on hospice care for more than a year.

His family announced in February 2023 that he had entered end-of-life care in his home after a series of hospital visits. His wife, Rosalynn, who had been diagnosed with dementia in early 2023, briefly entered hospice herself at age 96 before dying on Nov. 19, 2023.

Carter turned 100 in October, bringing a new flood of tributes and accolades. His grandson Jason Carter said it was gratifying for Jimmy Carter to see a reassessment of his presidency and legacy.

After losing his reelection bid in 1980, he remained active in public issues, including speaking at age 95 in support of Joe Biden at the virtual Democratic National Convention in August 2020. Some commentators viewed him as the nation’s “most successful ex-president.”

Former President Jimmy Carter and his wife Rosalynn celebrate their 75th wedding anniversary with friends at Plains High School, within the Jimmy Carter National Historical Park in Plains, Georgia, U.S. July 10, 2021.

Michael A. Schwarz | The Carter Ce | Reuters

He wrote more than 40 books, including “Faith,” which he released when he was in his mid-90s. Days after his 93rd birthday, he offered to go to North Korea amid a nuclear crisis in an attempt to establish a permanent peace between Pyongyang and Washington. And at age 96, he denounced Republican efforts to restrict voter access in his home state.

Carter lived longer than any other U.S. president, surpassing the late George H.W. Bush, who died in November 2018 at age 94. When Carter reached that milestone in March 2019, Carter Center spokeswoman Deanna Congileo said he was still active.

“Both President and Mrs. Carter are determined to use their influence for as long as they can to make the world a better place,” Congileo said at the time. “Their tireless resolve and heart have helped to improve life for millions of the world’s poorest people.”

U.S. stock markets have historically closed for a day of mourning to honor the death of a president.

Early life

James Earl Carter Jr. was born Oct. 1, 1924, in Plains, Georgia — the first U.S. president born in a hospital. His father ran a general store and invested in farmland. His mother, known as “Miss Lillian,” was a nurse.

Carter attended the U.S. Naval Academy. During one of his visits home from Annapolis, his younger sister Ruth set up a date with their neighbor and lifelong friend. Upon graduation in 1946 from the academy, he married that young woman, Eleanor Rosalynn Smith, when she was 18. (On July 7, 2023, the Carters celebrated their 77th wedding anniversary, marking a record-long marriage for a first couple.)

Jimmy Carter on his peanut farm, Plains, Georgia, 1976.

PhotoQuest | Getty Images

In the Navy, he served on submarines in the Atlantic and Pacific fleets and attained the rank of lieutenant. He joined then-Capt. Hyman Rickover’s nuclear submarine development program. He did graduate work at Union College in reactor technology and nuclear physics and became senior officer of the pre-commissioning crew of the second nuclear submarine, the Seawolf.

After his father died in 1953, Carter resigned from the Navy and returned to Georgia, taking over the family farms and becoming active in local politics. He served in the Navy Reserve until 1961.

A leader of the ‘New South’

Elected governor in 1971, he was considered one of the leaders of the “New South” — a progressive who condemned racial segregation and inequality.

During his presidential campaign, he ran as an outsider, hoping to capitalize on the anti-Washington sentiment in the post-Vietnam/Watergate era.

“My name is Jimmy Carter, and I’m running for president,” a beaming Carter said in the opening of his acceptance speech at the Democratic National Convention in July 1976.

Jimmy Carter in 1976.

Hulton Archive | Getty Images

He offered to create jobs in a nasty economy with a 7.9% unemployment rate, and to set a squeaky-clean example as a born-again Christian from outside the Beltway, unblemished by Washington’s scandals.

On the eve of the election, however, he gave an interview to Playboy magazine in which he made this shocking confession: “I’ve looked on a lot of women with lust. I’ve committed adultery in my heart many times.” Still, the man with the huge smile and genteel Georgia drawl handily won the Electoral College by 297-240 but received only 50.1% of the popular vote to Ford’s 48%.

Once in office, Carter empowered his running mate, Walter Mondale, to transform the vice presidency into a policy-driving office.

On the domestic front, in addition to stagflation and recession, Carter had to deal with the Love Canal ecological disaster in Niagara Falls, New York, which led to the creation of the environmental Superfund. He also ended federal price regulations for airlines, trucking and railroads; signed the bailout of Chrysler in 1979; and elevated the Department of Education into a separate Cabinet-level agency.

Foreign policy successes

One of his biggest domestic problems was the festering energy crisis, which stemmed from the Arab oil embargo that began during the 1973 Middle East war. He termed the crisis “the moral equivalent of war.” In symbolic gestures, he wore a Mister Rogers-styled cardigan, turned down the White House heat, installed solar heating panels in the executive mansion, created the Department of Energy and pressed for tax incentives for installation of home insulation.

In international affairs, he campaigned for human rights, successfully concluded the Camp David peace accords between Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin, negotiated the return to Panama of the Canal Zone, established full diplomatic relations with communist China and reached an agreement on the SALT II nuclear arms limitation treaty with Moscow.

Israeli Prime Minister Menachem Begin, right, addresses a gathering for the signing of a peace treaty between Egypt and Israel, as Egyptian President Anwar Sadat, left, and U.S. President Jimmy Carter watch, on the White House lawn, March 26, 1979.

Ya’akov Sa’ar | GPO | Getty Images

Then came the fateful end of the year 1979: The disastrous 444-day Iranian hostage standoff began in November, and the Soviets invaded Afghanistan in December, resulting in Carter’s call for a U.S. boycott of the 1980 Moscow Olympics.

Iran Hostage Crisis

The seizure of the U.S. Embassy in Tehran by radical student followers of Ayatollah Ruhollah Khomeini on Nov. 4, 1979, and the subsequent siege made the Carter administration seem impotent. Even the first lady recalled during a CNBC interview in 2014 that she urged her husband to “do something, anything!”

Five months into the crisis, Carter ordered a military mission, Operation Eagle Claw, to rescue the American hostages. The mission ended in humiliation: In the process of aborting the plan because of operational difficulties, a U.S. helicopter crashed into a transport plane at the desert staging area, killing eight servicemen.

Secretary of State Cyrus Vance, who advocated diplomacy over force to resolve the hostage crisis, resigned. “I know this is a matter of principle with you, and I respect the reasons you have expressed to me,” Carter said in a handwritten note to Vance.

The crisis finally ended with the release of 52 Americans on Jan. 20, 1981, the day the man who ended Carter’s single-term presidency took the oath of office — Ronald Reagan. Before the 1980 election between Carter, Reagan and independent John Anderson, Sen. Ted Kennedy waged an unsuccessful challenge to the president for the Democratic nomination.

I could have wiped Iran off the map.

In a 2014 interview with CNBC, Carter said he probably would have been easily reelected had he rescued the hostages.

“It would have shown that I was strong and resolute and manly,” he said. “I could have wiped Iran off the map with the weapons that we had. But in the process a lot of innocent people would have been killed, probably including the hostages. And so I stood up against all that advice, and then eventually all my prayers were answered and all the hostages came home safe and free.”

In this 1979 photo, from right, President Jimmy Carter, Vice President Walter Mondale, Secretary of State Cyrus Vance and Secretary of Defense Harold Brown, on their way to meet about the Iran Hostage Crisis.

Universal Images Group | Getty Images

Summing up the Carter presidency, former aide Stuart Eizenstat wrote in a 2015 op-ed in The New York Times that the nation’s 39th president had numerous accomplishments.

“It is enormously frustrating for those of us who worked closely with him in the White House to witness his presidency caricatured as a failure, and to see how he has been marginalized, even by his fellow Democrats,” Eizenstat wrote. “His defining characteristic was confronting intractable problems regardless of their political cost.”

After the White House

Carter remained active after he left Washington at age 56. He and Rosalynn volunteered for Habitat for Humanity, building affordable housing for the needy, and he established the Jimmy Carter Presidential Library and The Carter Center in Atlanta. Founded in 1982, the center has sent observers to monitor elections in more than three dozen countries. The center has also led health efforts, including the push to eradicate the tropical parasitic Guinea worm disease. The center’s motto is “Waging peace. Fighting disease. Building hope.”

“I still hope to outlive the last Guinea worm,” Carter told CNN in May 2018. (He came close. The Carter Center reported there were only 13 human cases in 2023.)

Carter, who also taught at Emory University, traveled extensively to promote peace, human rights and economic progress. In one mission, President Bill Clinton secretly dispatched him to North Korea in 1994 to help mediate a nuclear dispute with dictator Kim Il Sung, Kim Jong Un’s grandfather. In 2002, Carter received the Nobel Peace Prize for what the awards committee called “his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.”

Former U.S. President Jimmy Carter and North Korean President Kim Il Sung meet in June 1994, just weeks before Kim’s death.

Korean Central News Agency | AP

However, his actions were not always well-received. His efforts in his long campaign for peace between Israel and its Arab neighbors included the 2006 book “Palestine: Peace, Not Apartheid,” which was perceived as antisemitic and biased against Israel. In particular, one sentence provoked an outcry:

“It is imperative that the general Arab community and all significant Palestinian groups make it clear that they will end the suicide bombings and other acts of terrorism when international laws and the ultimate goals of the Roadmap for Peace are accepted by Israel.”

In an interview with NPR, Carter was asked about the passage.

“That was a terribly worded sentence which implied, obviously in a ridiculous way, that I approved terrorism and terrorist acts against Israeli citizens,” he said. “The ‘when’ was obviously a crazy and stupid word. My publishers have been informed about that and have changed the sentence in all future editions of the book.”

(It became: “It is imperative that the general Arab community and all significant Palestinian groups make it clear that they renounce all acts of violence against innocent civilians and will accept international laws, the Arab peace proposal of 2002, and the ultimate goals of the Roadmap for Peace.”)  

In the 2014 CNBC interview, Carter said the Camp David Accords and other peacemaking stood among his greatest achievements as president.

“I kept our country at peace, which has happened very rarely since the Second World War, and I tried to work for peace between other people who were not directly related to the United States, like between Egypt and Israel. I normalized diplomatic relations with China, and I implemented a very strong human rights commitment that brought about a change throughout Latin America, for instance, from totalitarian military dictatorships to democracies,” he said. “So I would say the promotion of peace and human rights were the two things that I’m most proud.”

Had he been elected to a second term, he told CNBC, “I could have implemented very firmly the peace agreement that I negotiated with Israel and its neighbors that was never fully implemented.”

“I’d like to be remembered as a champion of peace and human rights. Those are the two things I’ve found as a kind of guide for my life. I’ve done the best I could with those, not always successful, of course,” he told CNBC. “I would hope the American people would see that I tried to do what was best for our country every day I was in office.”

A portrait of President Jimmy Carter and first lady Rosalynn Carter and their extended family. Left to right: daughter-in-law Judy, the wife of Jack Carter; grandson Jason James Carter; son Jack (John William Carter); daughter-in-law Annette, the wife of Jeff Carter; son Jeff (Donnel Jeffrey Carter); first lady Rosalynn Carter; daughter Amy Lynn Carter; President Jimmy Carter; daughter-in-law Caron Griffin Carter holding grandson James Earl Carter IV; and son Chip (James Earl Carter III).

Historical | Corbis Historical | Getty Images

Survivors include sons John “Jack,” James “Chip,” and Donnel “Jeff” and daughter Amy. Jack ran unsuccessfully for the U.S. Senate in Nevada in 2006. Jack’s son Jason lost a bid for Georgia governor in 2014 to then-incumbent Republican Nathan Deal. Carter’s brother Billy, whose antics stirred up unwanted attention during the Carter White House years, died in 1988.

On Aug. 12, 2015, the former president revealed that he had melanoma and that surgery on his liver confirmed that it had metastasized there and to his brain.

A week after his cancer diagnosis announcement, Carter held a remarkably frank news conference at the Carter Center to discuss his prognosis and the prospect of facing death. “I’ve had a wonderful life, I’ve had thousands of friends, and I’ve had an exciting and adventurous and gratifying existence,” he told reporters.

Illustrating that peace of mind, the former president took this picture when he returned home from the news conference:

After four months of treatment, including targeted radiation and immunotherapy, Carter announced in early December 2015 that a subsequent brain scan showed no signs of the original cancer spots and no new ones. Then in March 2016, he announced he no longer needed regular cancer treatments.

Months later, in July, he addressed the Democratic National Convention by video, urging people to vote for Hillary Clinton over Donald Trump.

And at an Atlanta Braves game in September 2015, the former first couple was caught on the “kiss cam.”

In 2019, at age 94, Carter fell in his home and broke a hip when he was preparing to go turkey hunting. “President Carter said his main concern is that turkey season ends this week, and he has not reached his limit,” the Carter Center said.

He underwent hip replacement surgery but had to cancel plans to resume teaching Sunday school six days after the accident.

Later that year, just before a planned week at an October 2019 Habitat for Humanity project in Tennessee, the 95-year-old Carter fell in his home while heading to church. Although he suffered a black eye and needed 14 stitches in his head, Carter appeared 400 miles away at a concert that night in Nashville to support the project. Wielding a power drill and other building tools, he soon joined the volunteer construction crews.

Jimmy and Rosalyn Carter attach siding to the front of a Habitat for Humanity home being built June 10, 2003, in LaGrange, Georgia.

Erik S. Lesser | Getty Images News | Getty Images

Then, two weeks later, he fell in his house and suffered a pelvic fracture. But in another two weeks, he was back at church, giving a lesson on the Book of Job and talking about facing death during his 2015 cancer treatment.

“I obviously prayed about it. I didn’t ask God to let me live, but I just asked God to give me a proper attitude toward death. And I found that I was absolutely and completely at ease with death. It didn’t really matter to me whether I died or lived,” Carter told the congregation of 400 people at Maranatha Baptist Church on Nov. 3, 2019, according to the church’s feed on Facebook. “I have since that time been absolutely confident that my Christian faith includes complete confidence in life after death.”

During the Covid pandemic, the Carters decided not to travel to Biden’s inauguration, but weeks later, they were fully vaccinated and were back in their usual seats in the front pew of Maranatha Baptist for Sunday services.

“It’s hard to live until you’re 95 years old,” Carter told People magazine days after reaching that milestone. “I think the best explanation for that is to marry the best spouse: Someone who will take care of you and engage and do things to challenge you and keep you alive and interested in life.”

Former President Jimmy Carter in 2006.

Carol Cole | Los Angeles Times | Getty Images

— Michele Luhn and Lynne Pate contributed to this report.

John Amos’ Son Reacts To Sister’s Investigation Into Dad’s Dying

John Amos passed away in August, but by the time his son Kelly Christopher announced his death, it had been over a month.  Since then, the actor’s daughter, Shannon Amos, has launched an inquiry into his passing and hired a lawyer to lead her fight.

“The family deserves to know the full circumstances surrounding Mr. Amos’ care and the events that led to his passing,” Shannon Amos’ lawyer reportedly said in a statement. “We are committed to pursuing all available avenues to ensure that these questions are answered.”

But Kelly is saying there’s no need for war, and a private investigator has said there’s been no sign of “foul play” in the actor’s death. Here’s the he-said-she-said between the siblings and what else has been reported on the family conflict.

K.C. Amos Responds To Sister’s Elder Abuse Allegations

As previously reported, K.C. revealed the death on October 1, but his dad had died on August 21. Additionally, he said the ‘Good Times’ actor passed from congestive heart failure in Los Angeles. He was 84. 

Shannon’s lawyer, James H. Davis III, confirmed she hired legal help to look into her daddy’s death, per PEOPLE. She outright accused her brother of elder abuse for seemingly the second time. Shannon reportedly wants more information about her dad’s admission to Centinela Hospital and his condition at the time. She claimed someone falsely impersonating her dropped John off at the hospital. Shannon claims she’s asked for his medical records in three formal requests but has gotten no response.

Furthermore, she wants the LAPD and Adult Protective Services to provide summaries of their investigations into her past allegations of abuse involving John Amos.

Meanwhile, Kelly Christopher isn’t hesitating in shutting down his sister’s claims with his own receipts! He provided an explanation to PEOPLE about decisions made leading up to John Amos’ death. He claimed that John requested to go to Centinela Hospital due to trust in its medical staff. Additionally, he said his dad asked him not to contact other family members, and K.C. said he “honored his request.”

“Let me be clear and transparent. There has been no physical, financial, emotional, or psychological elder abuse or neglect committed against my father by me, Gene Brummett, or Belinda Foster,” K.C. said. “This has been documented by an independent investigation by Homeland Security Services, Inc, Adult Protective Services, and other law enforcement agencies. The reality is that he passed of natural causes at the age of 84 years old. Stop making it more than what it is.”

Kelly also hired a defense investigator to conduct a “comprehensive two-year investigation” into financial discrepancies, including missing money and stolen material goods from his dad in Colorado, Memphis, New Jersey, and Los Angeles. Ultimately, the investigator, Kevin Faler, said any and all charges against Kelly Christopher in New Jersey have been dismissed.

“The current allegations regarding foul play and elder abuse are frivolous,” Kevin Faler said. “John Amos was happy working and spending time with [K.C., Gene, and Belinda] writing, producing, and praying with them as a family and as his team. John passed from natural causes at the age of 84 years old. There was no foul play.”

Faler also cleared John Amos’ longtime manager, Belinda Foster, of any wrongdoing. “John told me Belinda was more of a daughter to him than his own biological daughter,” the investigator told PEOPLE.

Daughter Previously Questioned John Amos’ Safety

Shannon Amos’ death comes over a year after she claimed her dad was a victim of elder abuse and financial exploitation and was hospitalized in critical condition. She made the allegations in a GoFundMe campaign, claiming John had called her from Memphis hospital. Shannon did not specify who was executing the alleged abuse but claimed one of the persons was a caregiver. Her GoFundMe campaign sought $500,000 for alleged legal expenses, care, and aftercare.

But, John Amos later denied his daughter’s abuse claims in a video message from the hospital bed. The actor cited confusion about the fundraiser. He also seemed to suggest that if anyone were to abuse him, it’d be Shannon. He said that they had issues leading up to his hospitalization, saying his daughter took advantage of him.

“She would be the primary suspect — if you would,” John said. “I don’t know if that’s the right term to use or not. But she’s the one that I would attribute my elderly abuse to. It’s definitely a case of elderly abuse.”

Additionally, his manager Belinda said his hospitalization was due to problems with his heart caused by fluid filling his lower body and abdomen. However, they both denied that his medical scare was life-threatening.

Shannon Amos has not publicly reacted to her brother’s response to her investigation.

RELATED: Family Of ‘U Guessed It’ Rapper OG Maco Speaks Out After His Death At Age 32

What Do You Think Roomies?

Danaher had a disappointing 2024. Its path to success subsequent 12 months goes by means of Wall Road

A worker uses a machine made by Pall Corp. during a demonstration of the clarification stage of the production of influenza vaccine during a tour at a Sanofi Pasteur vaccine production facility in Swiftwater, Pennsylvania.

Stephen Hilger | Bloomberg | Getty Images

Life sciences firm Danaher has certainly not been an easy stock to own this year. A wave of startups going public on Wall Street would go a long ways toward changing that.

Utah Center college college students studying to assume like Shark Tank founder

Student Team Just Right Clothing from Draper Park Middle School answer judges’ questions about their product.

Clara Jensen @clarajensnpictures

Getting funding from investors for a startup is a major challenge for most founders, including sixth graders from Draper Park Middle School, located in the Draper suburb of Salt Lake City, Utah, who are learning how to turn an idea into a business and pitch potential investors.

“I’m really excited because I think our company has a good shot at winning it,” said sixth grader Laynie Alleman. She and her classmates participated in the “It’s My Business” competition, sponsored by Junior Achievement of Utah and Idaho in partnership with CNBC. The Shark Tank-inspired competition drew coverage from the NBC affiliate KSL-TV. 

This financial education project is part of CNBC’s Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies, and workers.

Alleman’s team had the business idea for “Just Right Clothing Company,” which makes t-shirts with heating and cooling technology for maximum comfort. They competed with two other teams: One, called Wish Wash Pet Brush, designed an all-in-one grooming tool, and the other, 2 Lit 2 Sip, a multi-functional heating and cooling cup. 

The students brainstormed and developed business ideas in their classroom for three months. The competition, the culmination of their semester-long course, took place at JA City, an experiential learning center in Orem, Utah. 

Middle schoolers at Draper Park are required to study entrepreneurship as part of their coursework. Yet, only some schools incorporate financial education for this age group nationwide.

Cities of Success: Full coverage

Utah was the first state to require a personal finance course for high school graduation back in 2004. Two decades later, 26 states require high school students to take a standalone, semester-long personal finance course before they graduate, according to Next Gen Personal Finance. 

“As important as high school financial education is, a lot can happen before students even get there,” said Laura Levine, president and CEO of Jumpstart, a national non-profit coalition advocating to increase financial literacy. “By introducing financial education earlier, we may at least introduce some important financial concepts to those who don’t get it later.” 

“I’m all about dreaming big and achieving our full potential,” said Hallo founder and CEO Joon Beh, a Korean immigrant who created an on-demand language learning platform that has helped over three million students and also works with companies to automate their language assessments. 

Beh was one of three local startup founders who served as coaches for the top teams of 11- and 12-year-olds as they honed their presentations. Then, the teams pitched their ideas to the competition judges: Olympic gold medalist Ashley Caldwell and three of Utah’s top business leaders. The animal-loving judges ultimately picked Wish Wash Pet Brush as the winner.

Student Team Wish Wash Pet Brush from Draper Park Middle School pitches their product to the judges.

Clara Jensen @clarajensnpictures

Minky Couture founder Sandi Hendry, one of the competition judges, said she knows from experience the impact learning about entrepreneurship can have on young students. She was a sixth-grade teacher for 30 years before founding the luxury blanket company in 2009. 

“When I taught sixth grade, we always did a unit on doing a business, because I always had an extreme interest in forming a business and entrepreneurship,” she said.

Hendry said she was amazed at “how inventive, how creative, and how just fabulous these kids can just put together thoughts and ideas. I think this is a great program for them, and they have such bright futures.”

“Middle school is an important time to teach personal finance,” said Levine, who is also a member of the CNBC Global Financial Wellness Advisory Board. Even in states where there is a financial education graduation requirement, if that state, or parts of that state, have high dropout rates, we could be missing a lot of students.”

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Why Amazon, Fb, Ford are spending huge

Republican presidential nominee, former U.S. President Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida.

Chip Somodevilla | Getty Images

Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as they seek to get on his good side and make inroads before he takes office.

Some of the planned donations reportedly include $1 million each from Jeff Bezos’ Amazon, OpenAI CEO Sam Altman and Facebook parent company Meta, led by Mark Zuckerberg. Others include $2 million from Robinhood Markets and $1 million each from both Uber and its CEO, Dara Khosrowshahi.

Ford is reportedly coupling its own $1 million donation with a fleet of vehicles.

Hedge fund manager Ken Griffin also said he plans to give $1 million to the tax-exempt inaugural committee, Bloomberg reported. Other donations from finance leaders are reportedly in the works.

Empowered by a decisive electoral victory, Trump has vowed to revamp U.S. economic policy in a way that could have outsized benefits for a few favored industries, like fossil fuels.

At the same time, he has telegraphed the value, both personal and political, that he places on face-to-face meetings and public praise from chief executives of the world’s largest companies.

“EVERYBODY WANTS TO BE MY FRIEND!!!” Trump wrote Thursday in a post on Truth Social, the social media app run by his own tech company.

Many of those CEOs have already made, or are planning to make, trips to Mar-a-Lago, Trump’s Palm Beach, Florida, resort and de facto transition headquarters, as they seek to gain influence with and access to the incoming administration.

To that end, Trump’s inaugural committee presents a “unique opportunity,” said Brendan Glavin, director of research for the money-in-politics nonprofit OpenSecrets, in an interview.

Inaugural committees, which are appointed by presidents-elect, plan and fund most of the pomp and circumstance that traditionally surrounds the transition of power from one administration to the next.

While the money is ultimately benefiting a recent political candidate, it doesn’t carry the same connotation as a donation to, say, a super PAC, which can fund partisan political activities that risk stoking controversy.

President Donald Trump and First Lady Melania Trump dance at the Freedom Ball on January 20, 2017 in Washington, D.C.

Getty Images

And unlike a direct contribution to a candidate’s campaign, there are no limits on how much an individual — or a corporation or labor group — can give to an inaugural committee.

Moreover, since Trump already won the election, an inaugural contribution carries no risk for a high-profile executive of backing a losing candidate.

“It really is a great opportunity for them to curry favor with the incoming administration,” Glavin said.

While it’s nothing new for corporations and power brokers to shower big money on inaugural committees, experts told CNBC the Trump factor changes the calculus.

“It’s all heightened now,” Glavin said. “None of these people, they don’t want to be Trump’s punching bag for four years.”

Trump’s inaugural committee and his transition team did not respond to requests for comment.

Record hauls

Trump’s 2017 inaugural committee raked in about $107 million, by far the most of any in U.S. history. The previous record had been set in 2009 during the first inauguration of Barack Obama, whose committee raised $53 million.

Trump’s second inauguration is on pace to shatter that record, with pledged contributions already surpassing a $150 million fundraising goal, ABC News reported.

President Joe Biden’s inaugural committee, by comparison, raised nearly $62 million.

“One of the oldest adages in Washington is that if you’re not at the table, you’re on the menu, and the price of admission to have a seat at the table keeps going up,” said Michael Beckel, research director of Issue One, a political reform advocacy group.

The boost in funding for Trump’s second inaugural committee comes in part from tech giants, many of whom largely steered clear of supporting his first inauguration.

Other than GoDaddy.com founder Robert Parsons, who gave $1 million, few other leaders in Big Tech donated to Trump’s 2017 committee.

Trump once openly clashed with some of them, including Zuckerberg and Bezos, who also owns The Washington Post, a frequent target of the president-elect’s ire.

U.S. President-elect Donald Trump reacts as he meets with House Republicans on Capitol Hill in Washington, U.S., November 13, 2024. 

Brian Snyder | Reuters

Not so this time around. As Trump vows to tear up reams of federal regulations, but also continues to accuse Big Tech of stifling competition, industry leaders could have more riding on their relationship with the White House than ever before.

“I’m actually very optimistic,” Bezos said of a second Trump presidency in a Dec. 4 interview at The New York Times’ DealBook conference. “I’m very hopeful. He seems to have a lot of energy around reducing regulation. And my point of view, if I can help him do that, I’m going to help him. Because we do have too much regulation in this country.”

The comments came in the wake of a scandal at The Washington Post in October, when the paper reported that Bezos decided not to publish its editorial board’s endorsement of Vice President Kamala Harris over Trump. Bezos in an op-ed defended the paper’s decision to no longer endorse presidential candidates, but the reversal spurred an exodus of subscribers and prompted numerous staffers to resign in protest.

Read more CNBC politics coverage

Nowhere is Trump’s newfound friendliness with the tech world more pronounced than in his blossoming relationship with Tesla and SpaceX CEO Elon Musk, who spent more than $250 million helping elect Trump.

Musk, the world’s richest person, has frequently appeared by Trump’s side before and after his election victory, and has reportedly been involved in all aspects of Trump’s transition planning. He and entrepreneur Vivek Ramaswamy have been tapped to lead an advisory group tasked with cutting government costs.

This could put OpenAI’s Altman, who is currently embroiled in a breach-of-contract lawsuit brought by Musk, in an awkward position.

Along with his million-dollar inaugural donation, Altman heaped praise on Trump earlier this month. “President Trump will lead our country into the age of AI, and I am eager to support his efforts to ensure America stays ahead,” he said.

Craig Holman, government affairs lobbyist for the progressive nonprofit Public Citizen, told CNBC that these figures “very much fear that Donald Trump may take retribution against them.”

“So they’re throwing money” at his feet “in order to curry favor,” Holman said.

‘Cesspool’

Attendees partake in the inauguration ceremonies to swear in Donald Trump as the 45th president of the United States at the U.S. Capitol in Washington, U.S., January 20, 2017.

Lucas Jackson | Reuters

Four days after the presidential election, Trump announced the formation of the “Trump Vance Inaugural Committee, Inc.,” a 501(c)(4) nonprofit. It is co-chaired by real estate investor Steve Witkoff and former Republican Sen. Kelly Loeffler of Georgia, who is also Trump’s pick to lead the Small Business Administration.

Reince Priebus, who was one of Trump’s White House chiefs of staff during his first term, said in an X post that he has been tapped to serve as the committee’s finance chair.

Priebus also shared a screenshot of an invitation that listed the names of other finance chairs. They include Miriam Adelson, the GOP megadonor who spent $100 million this year on a pro-Trump super PAC, and billionaire Trump donor Diane Hendricks.

Inaugural committees are required to publicly disclose the names of donors who give $200 or more, but those filings aren’t due until 90 days after the inaugural ceremony.

If the committee has a surplus after all the festivities, finding out just how much is left can be a challenge.

Trump’s 2017 inauguration was a smaller affair than Obama’s in 2009, although Trump raised more that twice as much money for his as Obama had. As a result, Trump’s committee was widely expected to have tens of millions of dollars left over after it paid for balls and hotels.

But years after the fact, it was unclear what happened to much of that money.

Federal filings show that roughly a quarter of all the funds raised, $26 million, were paid to a newly created firm that was run by an advisor to first lady Melania Trump.

“We take a look through the history of the financing of inaugurations, and clearly it comes from very large donors, wealthy special interests and corporations, almost all of whom have business pending before the federal government,” said Holman, of Public Citizen.

He added, “This is a real cesspool of buying favors.”

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Honda shares set for finest day in additional than 16 years on share buyback plan, Nissan deal

A sign marks the location of a Honda dealership in Libertyville, Illinois, on Dec. 18, 2024.

Scott Olson | Getty Images

Shares of Japanese automaker Honda were on track for their best day in 16 years after it announced to buy back up to 1.1 trillion yen ($7 billion) of its shares on Monday amid merger talks with Nissan.

Nissan and Honda said they had begun official negotiations to merge, which could catapult them to the world’s third-largest carmaker by sales.

Honda also announced to buy back 24% of its issued shares by Dec. 23 next year. Its shares were last up 15.51%, and would clock their best day since October 2008, if gains hold. Nissan shares fell over 1%.

The Honda-Nissan deal would focus on sharing knowledge and resources, achieving economies of scale and creating synergies, Honda CEO Toshihiro Mibe said. A holding company will be established as the parent organization for both Honda and Nissan, and will be listed on the Tokyo Stock Exchange.

“These two companies, they are operating in the same market, and they have very similar brand images, they have very similar products,” Hakan Dogu, chairman of Alagan Mobility Solutions, told CNBC on Tuesday. 

“The new management has a big challenge to differentiate the product range and also extend the business,” he added. 

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Honda shares year-to-date

Discussions are set to conclude in June 2025.

Nissan’s strategic partner, Mitsubishi, has been given the opportunity to join the new group and is expected to make a decision by the end of January 2025.

Honda reported 1.382 trillion yen in operating profit for the full year to March 2024, versus Nissan’s 568.7 billion yen. The automakers would have a combined value of nearly $54 billion, with Honda’s market capitalization contributing the greater $43 billion share.

Analysts suggested that the potential merger stems from Nissan’s financial struggles and the restructuring of its long-standing partnership with France’s Renault.

In its latest quarterly report, Nissan announced plans to cut 9,000 jobs and reduce its global production capacity by 20%.

—CNBC’s Jenni Reid contributed to this report.

Blake Vigorous Alleges Justin Baldoni Despatched Her to Weight Loss Specialist

In addition to accusations of sexual harassment during production of the film, Blake, 37, accused Justin, 40, of creating a hostile work environment on set and later participating in a public smear campaign against her. However, Justin has denied any wrongdoing.

“It is shameful that Ms. Lively and her representatives would make such serious and categorically false accusations against Mr. Baldoni, Wayfarer Studios and its representatives,” his attorney, Bryan Freedman, said in a statement to the New York Times. “These claims are completely false, outrageous and intentionally salacious with an intent to publicly hurt and rehash a narrative in the media.”

FDA approves Eli Lilly’s weight reduction drug Zepbound for sleep apnea

An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York, US, on Thursday, March 28, 2024. 

Shelby Knowles | Bloomberg | Getty Images

The Food and Drug Administration on Friday approved Eli Lilly‘s blockbuster weight loss drug Zepbound for treating patients with the most common sleep-related breathing disorder, expanding its use and possibly its insurance coverage in the U.S.

The weekly injection is now the first drug treatment option cleared for patients with obesity and moderate-to-severe obstructive sleep apnea, or OSA, which refers to breathing interrupted during sleep due to narrowed or blocked airways. Zepbound should be used in combination with a reduced-calorie diet and increased physical activity, the FDA noted in a release.

An estimated 80 million patients in the U.S. experience the disease, according to Eli Lilly. Roughly 20 million of those people have moderate-to-severe forms of the disease, but 85% of cases go undiagnosed, the company told CNBC earlier this year.

“Too often, OSA is brushed off as ‘just snoring’ — but it’s far more than that,” said Julie Flygare, president and CEO of Project Sleep, a nonprofit advocating for sleep health and sleep disorders, in a release from Eli Lilly. “It’s important to understand OSA symptoms and know that treatments are available, including new options like Zepbound. We hope this will spark more meaningful conversations between patients and health care providers and ultimately lead to better health outcomes.” 

Eli Lilly expects to launch the drug for OSA at the beginning of next year. It is the first approval beyond obesity treatment for Zepbound, which entered the market late last year and is also being tested for several other obesity-related conditions, such as fatty liver disease. Tirzepatide, the active ingredient in Zepbound, has been sold on the U.S. market for longer as the diabetes drug Mounjaro.

The agency’s decision could pave the way for Eli Lilly to gain broader insurance coverage for Zepbound, which, like other weight loss drugs, is not covered by many insurance plans. That includes the federal Medicare program, which only covers obesity drugs if they are approved and prescribed for an added health benefit.

The approval also backs up mounting evidence that there could be further health benefits tied to GLP-1s, a class of weight loss and diabetes treatments that have soared in popularity and slipped into shortages over the past year. Notably, Zepbound’s main rival, the weight loss drug Wegovy from Novo Nordisk, is not approved for OSA.

Zepbound could be a valuable new treatment option for patients with OSA, which can lead to loud snoring and excessive daytime sleepiness, and can contribute to serious complications including stroke and heart failure. Patients with the condition have limited treatment options outside of wearing masks hooked up to cumbersome machines that provide positive airway pressure, or PAP, to allow for normal breathing.

Eli Lilly in April released initial results from the two clinical trials, which showed that Zepbound was more effective than a placebo at reducing the severity of OSA in patients with obesity after a year.

In June, Eli Lilly released additional data from the studies showing that Zepbound helped
resolve OSA in almost half of patients. The first study examined the weekly injection in adults with moderate-to-severe OSA and obesity who were not on PAP therapy. The second tested Zepbound in adults with the same conditions, but those participants were on and planned on continuing PAP therapy.

The data showed that 43% of people in the first study and 51.5% of patients in the second trial who took the highest dose of Zepbound achieved “disease resolution,” according to the company. That compares with 14.9% and 13.6% of patients who took a placebo in the two trials, respectively.

Researchers came to those conclusions by examining an apnea-hypopnea index, or AHI, which records the number of times per hour a person’s breathing shows a restricted or completely blocked airway. The index is used to evaluate the severity of obstructive sleep apnea and the effectiveness of treatments for the condition.

Disease resolution for OSA is defined as a patient having fewer than five AHI events per hour, the company said. It is also defined as a person having five to 14 AHI events per hour and scoring a certain number on a standard survey designed to measure excessive daytime sleepiness, according to Eli Lilly.

Trump And Home GOP’s Promise To Not Minimize Social Safety Is Whole Nonsense

Trump got House Republicans to not use reconciliation to cut Social Security. The problem is that reconciliation can’t legally be used to cut Social Security.

The supposed big get for Trump was a promise from House Republicans that they wouldn’t use reconciliation to cut Social Security in exchange for raising the debt ceiling.

The problem according to Matt Glassman:

A Fig Leaf for the ages if they sign a letter promising not to cut Social Security via a process that is statutorily prohibited from cutting Social Security.

By law, Social Security can’t be changed with reconciliation.

According to the Brookings Institution, “Among other things, the Byrd Rule also says that changes to Social Security benefits or Social Security payroll taxes cannot be considered as part of a reconciliation bill.”

Congratulations to Donald Trump

. He got House Republicans to agree to something that they couldn’t legally do anyway.

Trump may brag about taking Social Security off the table, but all that really means is that healthcare for the poor, children, the disabled, and veterans will be targeted for cuts.

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association

Jason EasleyLatest posts by Jason Easley (see all)

Nike (NKE) earnings Q2 2025

Customers shop at a Nike store in an outlet mall in Los Angeles, Nov. 8, 2024.

Frederic J. Brown | Afp | Getty Images

Nike’s turnaround will take a bit longer than expected under new CEO Elliott Hill, who outlined his strategy to return the company to growth on Thursday after the retailer blamed deep discounting for declining revenue and profit.

The sneaker giant has been relying on promotions to drive sales, and it plans to return its online business to a full-price model, but first, it will need to aggressively liquidate old inventory through “less profitable channels,” said Hill and finance chief Matt Friend.

“What I’ve seen is traffic in Nike direct, digital and physical, has softened because we lack newness in product and we’re not delivering inspiring stories,” said Hill. “The result is we’ve become far too promotional … Entering the year, our digital platforms were delivering roughly a 50/50 split of full price to promotional sales. The level of markdowns not only impacts our brand, but it also disrupts the overall marketplace and the profitability of our partners.”

As a result, Nike expects gross margins to be down between 3 and 3.5 percentage points during the holiday quarter. It also expects sales to be down low double digits, worse than what analysts surveyed by LSEG had expected.

While expectations were low for Nike’s most recent quarter headed into Thursday’s release, the sneaker giant handily beat Wall Street’s expectations on the top and bottom lines.

Here’s how Nike did in its fiscal second quarter of 2025 compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

  • Earnings per share: 78 cents vs. 63 cents expected
  • Revenue: $12.35 billion vs. $12.13 billion expected

Nike shares initially spiked following the results but pared gains after Hill delivered his opening remarks on a call with analysts.

Nike’s reported net income for the three-month period ended Nov. 30 fell to $1.16 billion, or 78 cents per share, compared with $1.58 billion, or $1.03 per share, a year earlier.

Sales fell to $12.35 billion, down about 8% from $13.39 billion a year earlier.

Hill, who started with Nike as an intern in the 1980s before leaving the company in 2020, is tasked with turning around the world’s largest sportswear company after it fell behind on innovation, ceded market share to competitors and botched its selling strategy.

“I have an irrational love for this company. I know Nike inside and out, take pride in what the brand stands for and want to see the company succeed,” Hill said in his opening remarks to analysts. “In a moment where our team, brand and business are being challenged, my singular focus is to help get us back on track, to get back to winning.”

Elliott Hill, president and CEO of Nike, Inc.

Courtesy: Nike

During his opening remarks, Hill delivered a resounding rebuke of the strategies that have come to define his predecessor John Donahoe’s tenure as CEO.

He said the company had spent too much of its resources focused on driving online sales, paying for performance marketing and isolating wholesale partners — strategies that he now plans to unwind. He acknowledged that key wholesale partners feel Nike has turned its back on those partnerships and said the company is now working to build back their trust.

“We know our sales teams will have to earn every ‘open to buy’ dollar, but we’re investing to make sure our partners feel supported,” said Hill. “We’ll do more than just sell in our products. We’ll actively support mutually profitable sell-through. Simply put, we will win when our partners win.”

That’s good news for partners such as Foot Locker, JD Sports and Dick’s Sporting Goods, which rely on Nike products to drive sales.

Hill also called out a criticism that has swirled around Nike for the last couple of years: that the company lost sight of what had long defined the brand — athletes and performance — leading it to cede market share to competitors such as Asics, On Running and Hoka.

“We lost our obsession with sport,” said Hill. “The reliance on a handful of sportswear silhouettes is not who we are.”

Hill appeared to be referencing the company’s previous decision under Donahoe to focus growth on three key franchises — Air Force 1s, Dunks and Air Jordan 1s. For years, those lifestyle brands drove sales, but Nike made so many of the shoes that they became commonplace and uncool. As a result, Nike is trying to cut back supply, which it has said will impact sales in the short term, but hopefully not the long term.

Sneaker sales

During the most recent quarter, sales at Nike’s store and online were down 13% while wholesale revenues were down 3%. The steep discounting contributed to a 1 percentage point decline to gross margin, which came in at 43.6%, slightly better than the 43.3% StreetAccount analysts had expected.

Inventory, another area for concern, was flat compared with the prior year at $8 billion. Units were up, but that was offset by lower product input costs and a shift in product mix.

Still, inventories were higher than the company wants them to be, especially given “recent sales trends,” Friend said.

While Nike saw sales down in all four of its geographies, results were better than expected in all regions except for China, which saw sales decline 8% to $1.71 billion, below the $1.75 billion StreetAccount had expected.

In North America, Nike saw sales of $5.18 billion, an 8% decline but ahead of the $5.01 billion Street Account had expected. In Europe, Middle East and Africa, sales were down 7% to $3.30 billion, slightly ahead of the $3.26 billion StreetAccount had expected. And in Asia Pacific and Latin America, sales fell 3% to $1.74 billion, ahead of the $1.62 billion analysts had expected. 

Converse, which Nike acquired in 2003, has also dragged down the company’s overall performance, with sales down 17% during the period to $429 million, far below the $462.6 million that analysts polled by StreetAccount had expected.

Nike’s shift away from Dunks and Air Force 1s as well as its steep discounting has also affected Foot Locker, which missed Wall Street’s estimates on the top and bottom lines in its third-quarter report Dec. 4 in part because of soft demand for Nike products, its CEO Mary Dillon told CNBC at the time. 

Since Hill took the helm just over two months ago, he has scored a few wins. The National Football League announced Dec. 11 that it had renewed its contract with Nike after it briefly courted other bidders. Amid criticism for falling behind on innovation and botching a uniform release for Major League Baseball, the NFL’s decision to renew its contract with Nike through 2038 was a major vote of confidence. 

Now, Nike is the exclusive uniform provider for the NFL, MLB, and the National Basketball Association.

Shares of Nike were down about 27% in 2024 as of Wednesday afternoon, compared with a roughly 27% gain for the S&P 500.