Tag: policies

  • Wine spirit: States seek to end shipment bans as local winery customers navigate uneven policies

    Wine spirit: States seek to end shipment bans as local winery customers navigate uneven policies

    Just in time for Valentine’s Day, states that currently prohibit shipping alcoholic beverages to family and friends are working to change one of America’s last remaining “blue laws.”

    Delaware, Mississippi and Utah all prohibit direct shipment of wine, with several other states enforcing varying restrictions.

    Utah is considered a “felony state” in terms of liquor transit, with one of the only loopholes being a one-quart allowance of brandy from a resident returning from abroad.

    In Delaware, the local winery industry is being unduly burdened by similar laws.

    “Delaware is one of three states in the country that still allows no direct shipment of alcohol,” said state Rep. Jeff Spiegelman, R-Townsend. 

    11 STATES ACCUSE TOP INVESTMENT FIRMS OF MANIPULATING ENERGY MARKET AGAINST COAL POWER

    “This would enhance small business. It would enhance an agricultural product, and it would allow consumers to get the products that they’re demanding. They are demanding the service. And we’re planning on giving it to them,” he said in a video statement.

    Spiegelman pointed to Harvest Ridge Winery in Marydel, Del., which by its name denotes its location on the state line.

    Maryland customers are able to ship their wine, but Delawareans can’t under the law.

    The lawmaker said the misconception with prohibitions like the First State’s is that opening up the shipping market would let bulk amounts of liquor proverbially flow freely around the state via Amazon and other retailers.

    But the 47 other state test-cases show that is not accurate.

    State Rep. Mike Smith, the sponsor of the legislation, said he hopes to put it forward in session very soon – and is encouraged that the “changing of the guard” in Dover will give it a good chance of passing.

    Delaware Gov. Matt Meyer did not respond to a request for comment, but did replace term-limited fellow Democrat John Carney. Additionally, the leadership of Delaware’s Democratic legislative majority changed with the new year.

    UNIFIED OPPOSITION TO PA-BASED US STEEL TAKEOVER ‘MISGUIDED’ SAY ECONOMISTS, LOCAL OFFICIALS

    Wilmington, on the Christiana River, is Delaware’s largest city. (iStock / iStock)

    “I think everybody’s coming at it from ‘This is the best deal we’re going to get. Let’s do it,’” said Smith, R-Hockessin.

    New House Speaker Melissa Minor-Brown, D-New Castle, did not respond to a request for comment.

    Smith’s district abuts Oxford, Pa., and the lawmaker said he sees many customers from the Keystone State able to ship Delaware wine to their homes without issue as well.

    Pennsylvania has had its own stringent liquor laws for decades, since former GOP Gov. Gifford Pinchot set the stage for its state-store system in the early 20th century. 

    Only in 2016 did Harrisburg move to allow wineries to ship limited quantities of wine – so long as they obtain a license and pay excise taxes. All other liquor must be purchased from government-run Fine Wine & Good Spirits stores. 

    Supermarkets in the state also only recently found themselves allowed to sell beer.

    During the coronavirus pandemic shutdown, a Naaman’s Corner, Del., booze superstore saw such a surge in Pennsylvanian customers locked out of their own shuttered state-run alcohol retailers – and slipping the few hundred yards across the state line – to the point that Delaware police began stopping out-of-state vehicles near the shopping center.

    CLICK HERE TO GET THE FOX NEWS APP

    Northbound traffic enters Delaware on the JFK Turnpike near Newark (Getty)

    The disparity in booze-shipping and -purchasing laws – and movements to change them to mirror the rest of the country – are not unique to the northeast, as Mississippi lawmakers told Fox News Digital on Friday.

    A spokesperson for the Tupelo State’s House Speaker Jason White, R-Kosciusko, said the chamber passed a bill in 2024 similar to Delaware’s planned legislation.

    That effort died in the state Senate, but the spokesperson said the House plans to try again this session. The Mississippi plan would permit the direct shipment of wine – excluding liquor – and cap the amount of units per household. The state Senate reportedly has drafted a similar bill that gives proponents hope.

    Meanwhile, Steve Gross, vice president of state relations for the Wine Institute, said the advocacy group is “very supportive” of efforts to pass “direct-to-consumer wine-shipping law[s]. . . .”

    “We appreciate the work of these legislators to provide this choice to the citizens of Delaware.”

  • ‘Unfit to lead’: Blue state governor lashes out at Trump for targeting DEI policies after DC plane crash

    ‘Unfit to lead’: Blue state governor lashes out at Trump for targeting DEI policies after DC plane crash

    Democratic Illinois Gov. JB Pritzker accused President Donald Trump of being too incompetent to lead the country because he suggested the Federal Aviation Administration’s (FAA) prioritization of diversity, equity and inclusion (DEI) played a role in the tragic Washington, D.C., aircraft collision on Wednesday.

    “We face the unfortunate reality that we must be honest with the nation about: Donald Trump is unfit to lead during moments of crisis like this,” Pritzker said in a statement Thursday night. 

    The blue state governor, whom Trump evoked on the campaign trail as an example of the downfall of Democrat-run states, urged the Trump administration to respond to the American Airlines crash with “information and facts to instill confidence in our nation’s aviation safety.”

    “Before victims have even been identified, Trump is blaming people with disabilities,” Pritzker said, referring to FAA DEI hiring practices. “He’s blaming the U.S. service members in the Blackhawk helicopter. He’s blaming hiring programs he can’t even name or offer examples of. The buck stops with him — yet he is failing to demonstrate his role as protector of the American people and head of our government.”

    TRUMP ATTACKS DEI POLICIES AFTER DC PLANE CRASH, SAYS FAA EMPLOYEES MUST BE HELD TO ‘HIGHEST STANDARDS’

    President Joe Biden, right, is greeted by Illinois Gov. JB Pritzker upon arrival at Soldier Field Landing Zone on his way to the Democratic National Convention in Chicago on Aug. 19, 2024. (Reuters/Craig Hudson)

    The second-term governor is among the long list of Democrats considering a 2028 presidential run. Pritzker has seized opportunities over the past two weeks to play a leadership role in Democrat opposition to Trump, refusing, for example, to follow Trump’s executive order ending birthright citizenship. 

    PRITZKER BASHES TRUMP ORDER ON BIRTHRIGHT CITIZENSHIP: ‘WE WILL NOT FOLLOW AN UNCONSTITUTIONAL ORDER’

    Pritzker’s comments Thursday were the latest in a long-standing feud between the two. 

    “Sloppy J.B. Pritzker… has presided over the destruction and disintegration of Illinois at levels never seen before in any State,” Trump wrote on Truth Social in June. “Crime is rampant and people are, sadly, fleeing Illinois. Unless a change is made at the Governor’s level, Illinois can never be Great Again!”

    Trump’s attacks have veered into the ad hominem, labeling Pritzker a “rotund Governor from the once great State of Illinois, who makes Chris Christie look like a male model.”

    In his statement, Pritzker demanded the Trump administration answer his “critical questions,” including why the control tower was not fully staffed during the crash; why the Trump administration fired members of the Aviation Security Advisory Committee; whether the president now understands fully staffing federal agencies is a “matter of life and death”; and whether he plans to reverse federal workforce cuts. 

    Illinois Gov. JB Pritzker and Donald Trump split

    Illinois Gov. JB Pritzker, right, slammed President Donald Trump’s leadership following the American Airlines crash. (AP/Getty)

    Pritzker questioned whether Elon Musk played a role in the removal of the former FAA director; why a replacement for FAA director was not named until after the crash; whether the federal government authorized the Blackhawk helicopter to fly on a commercial flight path; and if the government will continue allowing helicopters to fly at the same altitude as commercial planes.

    “Will the President, Vice President, Defense Secretary, and Transportation Secretary cooperate with the independent NTSB investigation and correct any misinformation they spread about the crash?” Pritzker demanded to know.

    Trump on Thursday listed headlines about Biden-era FAA DEI hiring that he suggested weakened the agency.

    “Here’s one,” Trump said in the White House briefing room. “The FAA’s diversity push includes focus on hiring people with severe intellectual and psychiatric disabilities. That is amazing. And then it says the FAA says people with severe disabilities, the most underrepresented segment of the workforce, and they want them in. They can be air traffic controllers. I don’t think so.”

    Donald Trump at podium

    President Donald Trump speaks in the James Brady Press Briefing Room at the White House in Washington, D.C., on Thursday. (AP Photo/Alex Brandon)

    “This was on January 14th, so that was a week before I entered office,” Trump said, seeking to push blame onto the Biden administration. “They put a big push to put diversity into the FAA’s program.

    Trump then expanded his list of conditions allowed among controllers: “Hearing, vision, missing extremities, partial paralysis, complete paralysis, epilepsy, severe intellectual disability, psychiatric disability, and dwarfism.”

    The president drew a stark contrast between Democratic policies and his own first-week executive orders that halted DEI programs in the federal government and restored “the highest standards of air traffic controllers.”

    “Brilliant people have to be in those positions,” he stated.

    CLICK HERE TO GET THE FOX NEWS APP

    When asked how he came to the conclusion that diversity had something to do with the crash, the president said, “Because I have common sense.”

    Pritzker is not the only potential 2028 Democratic presidential contender who took issue with Trump’s comments. After Trump called former Transportation Secretary Pete Buttigieg a “disaster,” Buttigieg, a 2020 Democratic primary candidate, called Trump’s comments “despicable.”

    “As families grieve, Trump should be leading, not lying,” he wrote on X. “We put safety first, drove down close calls, grew Air Traffic Control, and had zero commercial airline crash fatalities out of millions of flights on our watch. President Trump now oversees the military and the FAA. One of his first acts was to fire and suspend some of the key personnel who helped keep our skies safe.”

  • WNBA star who hurt Caitlin Clark’s eye calls for league to ‘take action’ against Trump administration policies

    WNBA star who hurt Caitlin Clark’s eye calls for league to ‘take action’ against Trump administration policies

    Connecticut Sun player DiJonai Carrington incited fierce backlash by wearing an anti-Trump shirt last weekend, and now she’s taking that message even further. 

    During a press conference before an “Unrivaled” league game Thursday, Carrington declared it’s time for WNBA players to “take action” in response to President Donald Trump’s policies.

    “We see that some of the policies are already going into action, and, of course, that means that as the WNBA and being at the forefront of a lot of these movements, it’s time for us to also take action,” Carrington said. 

    “It definitely needs to happen as women, women’s rights being taken away, like, now, LGBTQ rights being taken away now. They haven’t happened yet, but definitely in the works.”

    SIGN UP FOR TUBI AND STREAM SUPER BOWL LIX FOR FREE

    DiJonai Carrington (21) of the Connecticut Sun dribbles during Game 2 of the first round of the WNBA playoffs against the Indiana Fever Sept. 25, 2024, at the Mohegan Sun Arena in Uncasville, Conn. (Jesse D. Garrabrant/NBAE via Getty Images)

    Carrington wore a shirt that said, “The F— Donald Trump Tour” Friday while walking into Wayfair Arena in Miami, Florida.

    The player is most known for her interactions with women’s basketball phenom Caitlin Clark during Clark’s rookie WNBA season in 2024. 

    Carrington gave Clark a black eye after poking her during a game between Clark’s Indiana Fever and Carrington’s Connecticut Sun in the first round of the playoffs in September. Carrington laughed with Fever teammate Marina Mabrey after the incident.

    CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

    Caitlin Clark keeps the ball away

    Connecticut Sun guard DiJonai Carrington (21) fouls Indiana Fever guard Caitlin Clark (22) in the second half in Indianapolis Aug. 28, 2024.  (AP Photo/Michael Conroy)

    Carrington has said she didn’t intentionally poke Clark in the eye and that she wasn’t laughing about the incident. However, she made light of the controversy over Clark’s black eye in an Instagram Live video in October. 

    In the video, Carrington and her girlfriend, NaLyssa Smith, who plays on the Indiana Fever with Clark, were in their kitchen when Smith poked Carrington in the eye.

    “Ow, you poked me in the eye,” Carrington said. Smith apologized, and the two laughed.

    “Did you do it on purpose?” Carrington asked.

    CLICK HERE TO GET THE FOX NEWS APP

    Marina Mabrey and DiJonnai Carrington

    Connecticut Sun guards Marina Mabrey (4) and DiJonai Carrington (21) celebrate during the second half of a first-round WNBA basketball playoff game against the Indiana Fever Sept. 25, 2024, in Uncasville, Conn.  (AP Photo/Jessica Hill)

    Carrington provoked Clark fans prior to the eye-poking incident with multiple statements berating Clark and her fan base. 

    During a game in June, Carrington fouled Clark after Clark received an inbound pass from teammate Kristy Wallace. Clark caught the pass and started toward the basket. Carrington was late getting to Clark due to a screen by Aliyah Boston, and she bumped into Clark.

    Later that month, Carrington posted on X, saying Clark should do more to speak out about people using her name for “racism” and other forms of prejudice. She also called the Fever fans the “nastiest” in the league.

    Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

  • Trump attacks DEI policies after DC plane crash, says FAA employees must be held to ‘highest standards’

    Trump attacks DEI policies after DC plane crash, says FAA employees must be held to ‘highest standards’

    President Donald Trump set his sights on DEI standards at the Federal Aviation Administration on Wednesday after a deadly in-air collision at the nation’s capital.

    Trump, speaking to reporters in the White House briefing room, highlighted efforts by the Biden administration to lower aviation standards, though he acknowledged that the cause of Wednesday night’s crash has yet to be determined.

    “We must have only the highest standards for those who work in our aviation system,” Trump said. “Only the highest aptitude – you have to be the highest intellect – and psychologically superior people, were allowed to qualify for air traffic controllers.”

    “We have to have our smartest people. It doesn’t matter what they look like, how they speak, who they are. What matters is intellect, talent. The word talent. They have to be talented geniuses,” he continued. “We can’t have regular people doing that job. They won’t be able to do it.”

    AMERICAN AIRLINES PLANE, ARMY HELICOPTER COLLIDE OUTSIDE REAGAN NATIONAL AIRPORT NEAR WASHINGTON DC

    President Donald Trump says he signed an executive order last week raising the qualification standards for air traffic controllers. (Jim Watson/Pool/AFP via Getty Images)

    Trump noted that he had raised the qualification standards for air traffic controllers during his first administration, but he said President Joe Biden had lowered them once he left office.

    AMERICAN AIRLINES CEO EXPRESSES ‘DEEP SORROW’ AFTER MIDAIR COLLISION

    The president reinstated the higher standards last week with an executive order, he said.

    “We do not know what led to this crash, but we have some very strong opinions and ideas, and I think we’ll probably state those opinions now, because over the years I’ve watched as things like this happen and they say, well, we’re always investigating. And then the investigation, three years later, they announce it,” Trump said, going on to detail an investigation including the FAA, Department of Defense and the National Transportation Safety Board.

    Flight resume after the tragic plane crash in DC last night

    Southwest aircraft takes off from Reagan National Airport as flights resume on Thursday, Jan. 30, 2025. Flights were held following the fatal crash of an American Airlines flight and a U.S. Army Black Hawk helicopter last night. (Leigh Green for Fox News Digital)

    Trump went on to highlight a series of articles covering the FAA’s “diversity push” that he said occurred prior to him taking office.

    “The FAA is actively recruiting workers who suffer severe intellectual disabilities, psychiatric problems, and other mental and physical conditions under a diversity and inclusion hiring initiative spelled out on the agency’s website,” he said.

    While that language was present on the FAA’s website during the Biden administration, it was also present during Trump’s first administration.

    AMERICAN FIGURE SKATING MEMBERS, RUSSIAN OLYMPIANS ABOARD PLANE IN REAGAN NATIONAL AIRPORT CRASH

    When asked for comment on the initiative last year, including what roles people with disabilities would fulfill, the FAA told Fox News Digital that the agency thoroughly seeks and vets qualified candidates “from as many sources as possible” for a range of positions.

    Jan. 29 D.C. plane-helicopter collision map.

    Jan. 29 D.C. plane-helicopter collision map.

    Later in the press conference, Trump criticized former Transportation Secretary Pete Buttigieg as a “disaster.

    “He’s just got a good line of bulls–t,” he said of the Democrat.

    Reporters then pressed Trump on the facts of the crash, asking whether he had evidence that it was caused by incompetence due to DEI. Trump said the investigation is ongoing, but that “it could have been.”

    Buttigieg was quick to strike back on X, calling Trump’s comments “despicable.” 

    “As families grieve, Trump should be leading, not lying,” Buttigieg continued. “We put safety first, drove down close calls, grew Air Traffic Control, and had zero commercial airline crash fatalities out of millions of flights on our watch.”

    CLICK HERE TO GET THE FOX NEWS APP

    Wednesday night’s crash involved and American Airlines jet carrying 60 passengers and four crew members. It collided with a military Blackhawk helicopter carrying three service members. Trump confirmed that there were no survivors.

    Fox News’ Emma Colton contributed to this report.

  • Trump-era southern border sees migrant encounters plummet by over 60% as new policies kick in

    Trump-era southern border sees migrant encounters plummet by over 60% as new policies kick in

    EXCLUSIVE: The number of migrants arriving at the southern border has dropped by over 60% since President Donald Trump took office last week, new data obtained by Fox News Digital shows.

    There were 7,287 migrant encounters at the southern border in the first seven days (Jan 20-26) after Trump’s inauguration by both Border Patrol between ports of entry and by the Office of Field Operations (OFO) at ports of entry, with a daily average of 1,041 encounters a day.

    That compares to 20,086 encounters in the seven days in the final days of the Biden administration (Jan 13-19) prior to Trump’s inauguration, averaging 2,869 encounters a day.

    BORDER AGENTS RECORD SHOCKINGLY LOW NUMBER OF ILLEGAL CROSSINGS ONE WEEK INTO SECOND TRUMP PRESIDENCY 

    US Army soldiers patrol the US-Mexico border at Eagle Pass, Texas, on January 24, 2025. US President Donald Trump ordered 1,500 more military personnel to the border with Mexico as part of a flurry of steps to tackle immigration, his spokeswoman said on January 22.  (Charly Triballeau/AFP via Getty Images)

    That equals more than a 63% decrease in the number of encounters at the southern border.

    President Trump entered office last week and immediately declared a national emergency at the southern border, and ordered the expulsion of migrants without the possibility of asylum. 

    He also shut down the Biden-era use of the CBP One app that allows migrants to schedule appointments at ports of entry so they can be allowed into the U.S. via humanitarian parole. The numbers suggest that the moves are having an impact at both the ports of entry and for those crossing illegally.

    COLOMBIAN LEADER QUICKLY CAVES AFTER TRUMP THREATS, OFFERS PRESIDENTIAL PLANE FOR DEPORTATION FLIGHTS

    Fox News reported on Monday that fewer than 600 people crossed illegally into the U.S. on Sunday, and that not a single of the nine sectors received more than 200 illegal crossings. The Del Rio sector – which is the same sector that would sustain over 4,000 crossings per day during the height of the border crisis in December 2023 – only recorded 60 crossings.

    CLICK HERE FOR MORE IMMIGRATION COVERAGE

    Trump has sent the U.S. military to the border, ordered the continuation of wall construction and has shut down additional parole programs, including the processes for Cubans, Haitians, Nicaraguans and Venezuelans. 

    President Donald Trump speaks with President Joe Biden at his inauguration

    President-elect Donald J. Trump  and President Joe Biden attend inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, January 20, 2025. (Kenny Holston/The New York Times/Pool via Getty Images)

    Separately, his administration has launched a mass deportation program, quickly racking up daily arrests of more than 1,000 as raids take place in sanctuary cities including Boston and New York City.

    CLICK HERE TO GET THE FOX NEWS APP

    DHS Secretary Kristi Noem oversaw one of the raids on Tuesday in New York City, saying that Immigration and Customs Enforcement caught “dirtbags” — including an illegal immigrant with kidnapping, assault & burglary charges.

    Fox News’ Bill Melugin contributed to this report.

  • Target scaling back DEI policies after Trump signs executive order

    Target scaling back DEI policies after Trump signs executive order

    Target announced on Friday that it is scaling back its diversity, equity and inclusion (DEI) policies following President Trump’s executive order to review such initiatives. The move adds Target to a growing list of companies scaling back or eliminating their DEI efforts as these programs come under increased scrutiny.

    Kiera Fernandez, Target’s chief community impact and equity officer, said in a note to employees on Friday the retailer will implement changes as part of its “Belonging at the Bullseye” strategy that adapts to the evolving external landscape. This includes concluding its three-year DEI goals and ending its Racial Equity Action and Change (REACH) initiatives in 2025, as planned.

    “As a retailer that serves millions of consumers every day, we understand the importance of staying in step with the evolving external landscape, now and in the future – all in service of driving Target’s growth and winning together,” said Fernandez.

    COSTCO DEFENDS DEI PROGRAM AS OTHER MAJOR RETAILERS DROP CONTROVERSIAL DIVERSITY PUSH

    The Minneapolis-based retailer said it has used “years of data, insights, listening and learning” to share the next chapter in its strategy. 

    Target’s announcement comes as pressure mounts on major corporations, particularly from social media influencers such Robby Starbuck, to scale back on initiatives that purport to increase racial and gender equality in the workplace. The initiatives have also faced fierce criticism from Trump, who on Tuesday signed an executive order directing government agencies to investigate DEI programs at publicly traded corporations, large nonprofit corporations or associations and foundations with assets of at least $500 million. Target falls under that category. 

    “Illegal DEI and DEIA policies not only violate the text and spirit of our longstanding Federal civil-rights laws, they also undermine our national unity, as they deny, discredit, and undermine the traditional American values of hard work, excellence, and individual achievement in favor of an unlawful, corrosive, and pernicious identity-based spoils system,” the executive order said.

    An employee pulls a wheeler to restock shelves at a Target store in Chicago on Nov. 26, 2024. (KAMIL KRZACZYNSKI/AFP via Getty Images / Getty Images)

    Fernandez said that Target recruits and retains employees “who represent the communities we serve,” but moving forward, she said it will stop all external diversity-focused surveys, including HRC’s Corporate Equality Index. 

    WALMART ROLLS BACK DEI POLICIES, BECOMING LATEST US FIRM TO JOIN GROWING TREND

    Target will also change its “Supplier Diversity” team to “Supplier Engagement” to reflect an “inclusive global procurement process across a broad range of suppliers, including increasing our focus on small businesses,” Fernandez said in the note. 

    Ticker Security Last Change Change %
    TGT TARGET CORP. 137.25 +1.48 +1.09%

    It will also review corporate partnerships and ensure employee resource groups will focus on development and mentorship for all communities.

    “We remain focused on driving our business by creating a sense of belonging for our team, guests and communities through a commitment to inclusion. Belonging for all is an essential part of our team and culture, helping fuel consumer relevance and business results,” Fernandez wrote.

    Shoppers outside a Target store in Clifton, New Jersey, on Nov. 26, 2024. (Victor J. Blue/Bloomberg via Getty Images / Getty Images)

    A slew of companies, including Amazon, Lowe’s, Meta, McDonald’s, American Airlines and Boeing, have pulled back on their DEI programs as pressure increased over the past several months. In November, Walmart, the nation’s largest private employer, announced plans to roll back its polices, including how it monitors products within its marketplace and reviews grant funding. 

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    By contrast, some companies have resisted activist pressure, publicly reaffirming their commitment to maintaining DEI policies.

    Microsoft CEO Satya Nadella said in the tech firm’s annual report in October that it continues to ensure that its “workforce represents the planet we serve and the products we build always meet our customers’ needs” and that it continues to “hire, develop, and grow a global workforce that best supports each other and our customers.”

    Shopping carts outside a Target store in Albany, on Nov. 18, 2024.  (David Paul Morris/Bloomberg via Getty Images / Getty Images)

    Pinterest Chief Legal Officer Wanji Walcott posted on LinkedIn that the company is “laser-focused on advancing inclusion and diversity both within our organization and on our platform, investing in critical initiatives like pay equity internally and body inclusivity externally.” 

    Still, anti-woke activist Starbuck, who has been taking credit for companies scaling back or ending their DEI programs, stated he has no intention of stopping his campaign anytime soon.

    Target first introduced the “Belonging at the Bullseye” strategy to employees in early 2024, but its been working on it since 2021. 

  • Major bank CEO says Trump’s fiscal policies makes US ‘the No. 1 place to invest’ again

    Major bank CEO says Trump’s fiscal policies makes US ‘the No. 1 place to invest’ again

    From mergers and acquisitions to deregulation and “competitive” tax structure, Bank of America’s top executive shared an optimistic picture of the U.S. economy under the second Trump administration.

    “When you talk to the people around here, from all over the world, [in] business, it’s the No. 1 place to invest. Not by a little bit, by a lot,” BofA Chairman and CEO Brian Moynihan said of America’s economic landscape during a “Mornings with Maria” interview from the World Economic Forum in Davos, Switzerland.

    “If you go back to the first Trump administration and the tax changes, that brought America’s tax rate down to where it was competitive. America always has… [a] big market, biggest economy in the world, growing, et cetera,” he continued. “America has good business conditions in terms of talent, people, worker flexibility, all those types of things.

    “So you put all that together, it was a great place to invest. You go in and say now, I’m going to move the regulation back, and now I’m going to create even better conditions for investment.”

    TRUMP’S DEREGULATION ‘CONSTRUCTIVE FOR GROWTH’: GOLDMAN SACHS C.E.O.

    Bank of America kicked off Q4 earnings season with surging profits, reporting a double beat of $6.67 billion, as its investment banking fees saw a 44% increase to $1.7 billion.

    Bank of America Chairman and CEO Brian Moynihan, inset, is optimistic about the economic environment under a second Trump administration. (FOXBusiness)

    Much of the banking industry is expecting more M&A deals coming to market under President Donald Trump, while he also plans to pull back regulations that stymied transactional activity during the Biden administration.

    Former Biden appointees from the Federal Trade Commission, Federal Communications Commission and the Justice Department’s Antitrust Division halted almost all M&A activity since his term began in 2021. Those who chose to defy the regulatory restrictions faced prolonged legal battles with the Biden deal police.

    “We were sitting here last year, the issue of business inflation and interest rates, but another big issue was the amount of regulation in small and medium-sized companies, and in the banking system, and the mortgage companies. And the feeling is that it will now swing back to more normalcy,” Moynihan noted.

    “It swung way too far in the last administration,” he added. “We tried to explain to them that was going to cause them troubles… But I think it’s more important that the general economy feels a little bit of relief on regulation across the board, the ability to get deals done, and American companies can now go out domestically and around the world and be the kings that they’re supposed to be.”

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    Moynihan explained that Bank of America’s top research team is expecting 2.4% GDP growth for the U.S. in 2025, the M&A pipeline being “full” and a 20% increase in IPOs.

    “Therefore, that says the capital can be put to work. So all that bodes well,” the chairman and CEO said. “The enthusiasm by our team for what’s ahead is far greater than it was in the fourth quarter because that was sort of under the old regime.”

    READ MORE FROM FOX BUSINESS

    FOX Business’ Eleanor Terrett contributed to this report.

  • Trump reverses Biden’s policies expanding Obamacare

    Trump reverses Biden’s policies expanding Obamacare

    President Donald Trump’s first actions in the Oval Office included rolling back healthcare policies put forth by former President Joe Biden, including expansions to the Affordable Care Act (ACA), otherwise known as “ObamaCare.”  

    Directly after he was sworn in on Monday, Trump moved quickly to revoke a long list of Biden executive orders covering a wide range of issues. Two of the orders that were revoked included efforts by Biden to expand access to the ACA and restore the federal program “to the way it was before Trump became president” the first time around.

    The move angered Democrats, who argued the action was an “attack” on the federal health insurance program.

    “Donald Trump’s immediate priority as president is ripping away affordable health care coverage for tens of millions of Americans and screwing over people with preexisting conditions,” the Democratic National Committee said in a Tuesday statement. 

    Shortly after taking office in January 2021, Biden passed Executive Order 14009, titled the “Strengthening Medicaid and the Affordable Care Act.” The move, which Trump rescinded as part of his Day One executive actions, doubled the window of time that uninsured Americans had to apply to participate in the federal insurance program. Under Trump’s first term, the ACA’s open enrollment period was six weeks long.  

    TRUMP AND A HEALTHIER AMERICA WELCOMED BY DOCTORS: ‘NEW GOLDEN AGE’

    In addition to expanding the open enrollment period, Biden’s January 2021 executive order also directed all relevant federal agencies to examine their policies and implement any necessary changes to help get more people covered under the ACA.

    President Trump denied wanting to repeal the Affordable Care Act. (Getty Images)

    Meanwhile, in April of the following year, Biden signed a second executive order on “Continuing to Strengthen Americans’ Access to Affordable, Quality Health Coverage,” which Trump also reversed on Monday. The April order from Biden directed the Department of Health and Human Services to analyze new policies aimed at “exploring how medical debts are collected from beneficiaries,” in order to find new ways to reduce “the burden of medical debt on working families and individuals across the country.” 

    Consistent with both of these orders, agencies facilitated the expansion of the ACA through new eligibility provisions, increased funding to groups that help people sign up for the ACA, and more. 

    Other changes enacted by Trump during his first days in office included the revocation of a Biden-era policy that directed Medicare and Medicaid to investigate how to lower drug costs. In response to that order, the U.S. Centers for Medicare and Medicaid Services (CMS) implemented a $2 cap for certain generic drugs, ensured Medicare beneficiaries did not overpay for drugs that received accelerated approval, and helped state Medicaid programs pay for certain high-cost, cutting-edge therapies. Biden’s policy that capped insulin costs at $35 and implemented a $2,000 out-of-pocket maximum for prescription drug costs went unaffected by Trump’s Day One orders.

    TRUMP TO DEPLOY MILITARY TO BORDER, END BIDEN PAROLE POLICIES IN FLURRY OF DAY ONE EXECUTIVE ORDERS

    Trump also acted during his first day in office to rescind several of Biden’s COVID-19 health orders, such as directives to ensure equity in the pandemic response and COVID-19 vaccine requirements for federal workers. He withdrew the U.S. from its participation in the World Health Organization, as well.

    Medicare card

    The Democratic National Committee argued Tuesday that Trump was “screwing over people with pre-existing conditions.” 

    “Donald Trump’s immediate priority as president is ripping away affordable health care coverage for tens of millions of Americans,” the DNC said in a Tuesday statement. “Thanks to the Biden-Harris administration, more Americans have health coverage than ever before, and Trump wants to unwind this progress even though the American people overwhelmingly support the ACA. Trump’s plans will do nothing but raise costs and make Americans sicker.”

    Yet, according to a health policy expert from Vanderbilt University, the moves Trump made on health policies will likely not be consequential when it comes to how much Americans are paying for their healthcare. 

    Emergency room sign

    An emergency sign points to the entrance to Scripps Memorial Hospital in La Jolla, California, March 23, 2017. (Reuters/Mike Blake)

    “When administrations change over, many of them want to undo some of the actions of other presidents, even when those are more symbolic,” Dr. Stacie Dusetzina, a professor at Vanderbilt’s Department of Health Policy told NBC News. “It could mean that the Trump administration is not interested in pursuing any of the work that has since developed out of these executive orders.”

    CLICK HERE TO GET THE FOX NEWS APP

    Fox News Digital reached out to the Trump administration for comment, but did not receive a response by publication time.