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Today β€” 17 January 2025News

'More to come': TikTok CEO praises Trump in video reacting to the Supreme Court upholding ban

17 January 2025 at 11:57
TikTok CEO Shou Chew
Donald Trump receives praise from TikTok CEO Shou Chew.

Bill Clark/CQ-Roll Call, Inc via Getty Images

  • TikTok CEO Shou Chew reacted to the Supreme Court upholding the upcoming ban.
  • Chew thanked Trump for what he said was a commitment to a solution to keep TikTok in the US.
  • Trump previously said his decision would come "in the not too distant future."

With neither the Supreme Court nor the outgoing Biden administration stepping in to prevent a looming TikTok ban, the app's CEO publicly addressed President-elect Donald Trump in his reaction to the news.

TikTok CEO Shou Chew posted a short video to his account on the platform addressing millions of American users and thanking Trump for what he described as his support.

He also took the opportunity to mention just how many views Trump's videos had generated on the platform.

"I want to thank President Trump for his commitment to work with us to find a solution that keeps TikTok available in the United States," Chew said.

@tiktok

Our response to the Supreme Court decision.

♬ original sound - TikTok

Chew said TikTok has been "fighting to protect" free speech for its over 170 million American users. He thanked Trump on behalf of those users and "everyone at TikTok."

Chew said the president-elect was someone who "truly understands our platform," using it "to express his own thoughts and perspectives" β€” and generating over 60 billion views from his videos.

While Chew's words suggest he is hopeful Trump will intervene, there is no guarantee the president-elect will once he takes office the day after the ban is set to go into effect.

Trump previously called for a TikTok ban in 2020, however, he utilized the platform for his 2024 campaign and has since said that he has a "warm spot in my heart for TikTok."

The pair met at Mar-a-Lago on December 16, and Trump later filed anΒ amicus brief with the Supreme CourtΒ requesting an extension from the January 19 deadline.

On Friday, the Supreme Court ruled that the law requiring TikTok's owner, ByteDance, to divest its US-based operations or face a ban did not violate the First Amendment.

"The Supreme Court decision was expected, and everyone must respect it," Trump wrote on Truth Social. "My decision on TikTok will be made in the not too distant future, but I must have time to review the situation. Stay tuned!"

In his video posted to TikTok, Chew said the company "will do everything in our power to ensure our platform thrives" for years.

"More to come," the TikTok CEO said.

Read the original article on Business Insider

16 movies and shows to stream this weekend, from Cameron Diaz and Jamie Foxx's new Netflix film 'Back in Action' to season 2 of 'Severance'

17 January 2025 at 11:48
Jamie Foxx and Cameron Diaz
Β 

John Wilson/Netflix, BI

  • TV shows like "Severance" and "XO, Kitty" returned for season two this week.
  • Cameron Diaz and Jamie Foxx star in the new Netflix spy movie "Back in Action."
  • Movies that were released in theaters, like "A Better Man" and "Unstoppable," are new to streamers.

The wait for season two of "Severance" is finally over.

Three years after the twisted workplace thriller debuted on Apple TV+ and became a critical success, the show is back for another season β€” and hopefully with some answers about what's really going on at the mysterious Lumon Industries.

However, there's another highly anticipated premiere this week. After a 10-year break from acting, Cameron Diaz is out of retirement and starring alongside Jamie Foxx in Netflix's new espionage movie "Back in Action."

For a dose of nostalgia, "Saturday Night Live" fans can check out Peacock's docuseries "SNL50: Beyond Saturday Night."

Here's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Season one of the NBC series "Brilliant Minds" came to an end this week.
Zachary Quinto as Dr. Oliver Wolf in season one of "Brilliant Minds."
Zachary Quinto as Dr. Oliver Wolf in season one of "Brilliant Minds."

Rafy/NBC via Getty Images)

The medical drama stars Zachary Quinto as Oliver Wolf, a neurologist who uses unconventional and sometimes controversial methods to better understand and treat his patients. The finale aired on NBC on Tuesday, and it's now available to watch on the network's streamer, Peacock.

Streaming on: Peacock

"Severance" is finally back for season two.
Adam Scott in season two of "Severance."
Adam Scott in season two of "Severance."

Apple TV+

In the jaw-dropping season one finale, Mark Scout (Adam Scott) and his fellow innies at Lumon Industries stage a rebellion that leaves audiences with shocking revelations and a massive cliffhanger. Season two picks up after those events, as Mark and his workplace friends face the consequences of trying to tamper with the severance barrier between their work and personal lives.

Streaming on: Apple TV+

"To All the Boys" spin-off series "XO, Kitty" is also back for season two.
Anna Cathcart as Kitty Song Covey in season two of "XO, Kitty."
Anna Cathcart as Kitty Song Covey in season two of "XO, Kitty."

Netflix

After the drama of last season, Kitty Song Covey (Anna Cathcart) begins her spring semester at the Korean Independent School of Seoul (KISS) in season two of "XO, Kitty," plus Noah Centineo returns for a cameo as Peter Kavinsky.

Streaming on: Netflix

"The Walking Dead: The Ones Who Live" is now streaming on Netflix.
Andrew Lincoln sitting while covered in blood and sweat on "TWD: The Ones Who Live."
Andrew Lincoln as Rick on "The Walking Dead: The Ones Who Live."

Gene Page/AMC

The six-episode limited series, which was released on AMC in 2024, continues Rick Grimes' (Andrew Lincoln) and Michonne's (Danai Gurira) journey by tying up loose ends and offering closure for the couple's love story.

Streaming on: Netflix

Horror fans can check out "Hereditary."
hereditary
Toni Collette in "Hereditary."

A24

The 2018 psychological horror movie, directed by Ari Aster and starring Toni Collette, centers on the Graham family. After their grandmother dies, secrets unravel about her, and disturbing forces take hold of the family.

Streaming on: Netflix

The dark thriller "A Different Man" has hit streaming just in time for awards season.
sebastian stan in a different man
Sebastian Stan in "A Different Man."

A24

The A24 movie stars recent Golden Globe winner Sebastian Stan as Edward, an aspiring actor living with neurofibromatosis (NF), a rare genetic condition that causes typically benign tumors to grow on nerve cells throughout the body and on the skin.

After participating in an experimental drug trial, Edward embraces a new face and new alter-ego β€” until he meets the charismatic Oswald (Adam Pearson), who was also born with NF, but navigates the world with an ease and confidence that Edward never had.

Streaming on: Max

"Outlander" actor Sam Heughan stars in the psychological thriller series "The Couple Next Door."
Sam Heughan as Danny in "The Couple Next Door."
Sam Heughan as Danny in "The Couple Next Door."

Starz

Based on the Dutch series "Nieuwe Buren," the steamy Starz show follows two couples in a suburban neighborhood whose lives become intertwined through betrayal and secrets.

Streaming on: Starz

Cameron Diaz makes her return to acting alongside Jamie Foxx in "Back in Action."
A still from "Back in Action" showing Cameron Diaz and Jamie Foxx in suits.
Cameron Diaz (left) as Emily and Jamie Foxx (right) as Matt in "Back in Action."

John Wilson / Netflix

In "Back in Action," former CIA operatives turned parents Emily (Diaz) and Matt (Foxx) are thrust back into the world of espionage after their covers are blown.

Streaming on: Netflix

Jennifer Lopez plays a single mom raising a son who defies expectations in "Unstoppable."
Jharrel Jerome as Anthony Robles and Jennifer Lopez as Judy Robles in "Unstoppable."
Jharrel Jerome (left) as Anthony Robles and Jennifer Lopez (right) as Judy Robles in "Unstoppable."

Ana Carballosa/Prime Video

"Unstoppable" is based on the true story of Anthony Robles (played by Jharrel Jerome), who was born with one leg and overcame adversity to join the Arizona State wrestling team and become an NCAA Champion.

After releasing in select theaters in December, the film is now available to watch on streaming.

Streaming on: Prime Video

Reality TV fans can tune into season two of "Love Island: All Stars."
Maya Jama in the key art for season two of "Love Island: All Stars."
Maya Jama in the key art for season two of "Love Island: All Stars."

Peacock

Maya Jama returns as the host for season two of "Love Island: All Stars," which features 12 previous "Love Island UK" stars returning to the villa in South Africa in hopes of another chance at love.

Streaming on: Peacock

Comedian Ari Shaffir has a new comedy special called "Ari Shaffir: America's Sweetheart."
Comedian Ari Shaffir in his stand-up comedy special "Ari Shaffir: America's Sweetheart."
Comedian Ari Shaffir in his stand-up comedy special "Ari Shaffir: America's Sweetheart."

Netflix

Shaffir pushes the boundaries of dark comedy in his latest comedy special, where he jokes about everything from white privilege and drug addiction to kids and adulthood.

Streaming on: Netflix

YouTubers Myka and James Stauffer's decision to place their adopted son in a new home is reexamined in "An Update On Our Family."
key art for an update on our family, a max documentary series. it shows a woman with blonde hair and the side of a man, depicted in a grainy youtube play window
"An Update On Our Family" is a three-part docuseries.

HBO

The three-part HBO docuseries, which debuted on Wednesday, explores the lucrative world of family vlogging through Ohio-based parents Myka and James Stauffer.

In 2020, the couple faced backlash after announcing they made the decision to place Huxley, their son whom they adopted from China, with a "new forever family."

Streaming on: Max

"Diddy: The Making of a Bad Boy" gives a closer look at the collapse of Sean "Diddy" Combs' empire.
Sean "Diddy" Combs.
Sean "Diddy" Combs.

Willy Sanjuan/Invision/AP, File

The documentary follows the rise to fame and recent allegations against the musician Sean "Diddy" Combs, who was charged with sex trafficking and racketeering and is now incarcerated in Brooklyn ahead of a criminal trial in May.

The docuseries includes never-before-seen archival footage of Combs and interviews from new people coming forward about their experiences with him.

Streaming on: Peacock

"SNL50: Beyond Saturday Night" pulls the curtain back on NBC's long-running sketch comedy series.
Larry David in "SNL50: Beyond Saturday Night."
Larry David in "SNL50: Beyond Saturday Night."

Peacock

"SNL50: Beyond Saturday Night" is a four-part docuseries celebrating the 50th anniversary of "Saturday Night Live." It features never-before-seen footage, interviews with cast and crew, a behind-the-scenes look at the writers' room, a deep dive into the iconic "More Cowbell" skit, and a closer look at what went wrong during season 11.

Streaming on: Peacock

Season five of the animated series "Harley Quinn" premiered this week.
Harley Quinn (voiced by Kaley Cuoco) in season five of "Harley Quinn."
Harley Quinn (voiced by Kaley Cuoco) in season five of "Harley Quinn."

Max

Season five of the adult animated series follows Harley Quinn (Kaley Cuoco) and Poison Ivy (Lake Bell) as they move from Gotham City to Metropolis β€” the home of Superman, Lois Lane, and Lex Luthor. When a catastrophic plan begins unfolding, Harley and her misfit friends must save Metropolis.

Streaming on: Max

Fans of the Nickelodeon series "Henry Danger" can watch "Henry Danger: The Movie."
Jace Norman in "Henry Danger: The Movie."
Jace Norman in "Henry Danger: The Movie."

Paramount+

Jace Norman reprises his role as the titular superhero in the full-length movie, which also includes the returns of other original cast members from the "Henry Danger" series.

In the film, a superfan named Missy Martin (Glee Dango) brings Henry to her world via a reality-altering device so they can fight crime together. To avoid getting stuck in an alternate reality, Henry must team up with Missy and his best friend Jasper (Sean Ryan Fox).

Streaming on: Paramount+

Read the original article on Business Insider

It's official: TikTok users are in mourning after the Supreme Court's decision to uphold the ban

17 January 2025 at 11:27
phone with tiktok logo in front of the American flag
TikTokers grieve the TikTok ban decision.

Jaap Arriens/NurPhoto via Getty Images

  • The Supreme Court upheld the deadline for a TikTok sale to a US company by January 19.
  • TikTok users are mourning the potential app shutdown, sharing memories and viral moments.
  • Reactions to TikTok's fate have been spreading as users bid farewell.

Content creators and their audiences are sharing their disappointment that the Supreme Court has decided to uphold a January 19 deadline for TikTok to be sold to a US company or banned in the US.

Memes about TikTok's looming Sunday shutdown haven't stopped since the US government cranked up the heat on the platform, owned by Chinese company ByteDance, due to concerns about whether the app threatens national security. Without an extension to the deadline, the beloved short-form video app will be removed from app stores and likely face a full shutdown in the US.

The reality of the Supreme Court's ruling is setting in for American TikToker users who had held out hope for a different resolution.

Offline, flyers for its unofficial funeral were posted in New York City for a "celebration of life" on Sunday.

flyer announcing a celebration of life for TikTok
New Yorkers were invited to gather on January 19 to mourn the TikTok ban.

Clementine Fletcher/BI

Online, users are sharing the first viral moments they ever saved, participating in old trends "one last time," and wishing each other well on new platforms.

Some say they're getting in their last "doom scrolls" before the app potentially goes away for good.

"These last few days on TikTok have felt like the end of school," one creator said, like "signing yearbooks and just goofing off."

When the tiktok ban goes through my wife is gonna need a new hobby

β€” h index enjoyer (@BigwetRealism) January 17, 2025

TikTok probably won't disappear from phones in the US immediately on Sunday. It won't be able to update the app anymore, but it's unclear if it will be fully shut down.

On X, a user reshared a video of a crying and dancing woman. The video has been a viral meme on TikTok for a while; they used it to illustrate TikTokers' reactions to Friday's ruling.

TikTok users learning the US Surpreme Court upheld the TikTok Ban and they have only 48 hours left to post

pic.twitter.com/ehNCl1V88t

β€” Trung Phan (@TrungTPhan) January 17, 2025

On TikTok itself, videos to the tunes of "American Pie" by Don McLean and "Good Riddance" by Green Day show compilations of users' favorite moments.

Some users say that their "For You" page is taking them down memory lane with nostalgic sounds, dances, and some of the most talked-about moments.

"How am I going to share my reactions to the unhinged Mafia romance books I read?" user rachelsreading.rambles said on TikTok in a post captioned, "If I don't laugh I will definitely cry."

Another TikToker, kailebrodersen, said, "I have had to hold back tears because TikTok is my main source of income" and expressed anger at the US shutdown, saying TikTok "showed us the American Dream."

Users have been flocking to alternative short-form video platforms, like China-based RedNote, to try to replace the app, but it's unclear whether RedNote, YouTube, Instagram, or other apps will eventually act as alternatives to TikTok.

But for now, it looks like the era of TikTok is truly coming to an end in the US.

Read the original article on Business Insider

5 things the nominee for Treasury Secretary signaled about what markets can expect in a 2nd Trump term

17 January 2025 at 11:26
Scott Bessent
Scott Bessent testified before the Senate Finance Committee during his confirmation hearing for Treasury Secretary.

Chip Somodevilla/Getty Images

  • Scott Bessent's confirmation hearing this week held a number of clues as to what markets can expect from Trump 2.0.
  • The long-time investor and hedge fund exec is Trump's pick to lead the US Treasury.
  • Bessent said Trump would "unleash a new economic golden age" during his testimony.

Scott Bessent's nomination hearing gave markets a handful of hints as to what the next four years could look like.

The investor and hedge fund executive sat this week for his confirmation hearing as Donald Trump's pick to lead the US Treasury Department. Economists at Deutsche Bank noted that his remarks held a few important clues for investors.

In his testimony, Bessent said he believed Trump's presidency would help "unleash a new economic golden age," which could include more jobs and increased wealth for Americans. He also suggested the US was "barreling towards an economic crisis" at the end of the year.

If confirmed, Bessent will be in charge of Trump's plan to create the "Greatest Economic Boom," and will oversee the President-elect's plans to cut taxes, deploy tariffs, and curtail the national debt.

Here's what Deutsche Bank economists think were the top takeaways of Bessent's testimony.

1. Nothing has been taken off the table in Trump's tariff plan

Bessent didn't have firm guidance on what Trump's tariff plan could look like. In his testimony, the Treasury Secretary nominee said the tariffs would aim to even out unfair trade practices by other countries, raise federal revenue, and potentially give the US more bargaining power in negotiations. He didn't specify if the tariffs would be slowly implemented over time.

Bessent also pushed back against the idea that Trump's tariff plan was inflationary. Trump levied tariffs during his first term as president without a significant inflation increase, but economists say that his plan this time around is more expansive, explaining the difference in inflation outlooks for the coming years.

"Besesnt's comments on tariffs were notable in that they left everything on the table," the Deutsche Bank economists said.

2. Trump's 2017 tax cuts could be extended

Bessent doubled-down on his support for extending Trump's 2017 tax cuts. If the US doesn't extend the tax cuts, Americans could face $4 trillion tax hike when the 2017 package expires this year, he said.

"We must make permanent the 2017 Tax Cuts and Jobs Act and implement new pro-growth policies to reduce the tax burden on American manufacturers, service workers, and seniors. I have already spoken with several members of this Committee, as well as leaders in the House about the best approach to achieving these important goals together," he added.

3. Bessent could crack down on government spending

Bessent emphasized his resolve to get the national debt and the widening deficit under control. He's been a vocal proponent of reducing the federal debt balance in the past, attributing rising debt levels to the government's "significant spending problem" in his testimony.

The total federal debt balance clocked in at $36.17 trillion as of Friday, according to US Treasury data.

"On the debt limit, Bessent provided reassurance that the US would not default on its debt if he were to be confirmed as Treasury Secretary," Deutsche Bank wrote.

Bessent also appeared "hesitant" to support removing the national debt limit, the Deutsche Bank economists noted, referring to an idea that Trump floated late last year. But, when questioned, Bessent said he would work with Trump to remove the debt limit, if Trump wished to do so

4. Trump will support the Fed's independence

Bessent pushed back against the notion that Trump would try to exert power over the Federal Reserve. Media reports that have suggested Trump would infringe on the independence of the Fed are "highly inaccurate," he added.

Bessent also did not speak about the potential for a "shadow Fed Chair," something he spoke about last year.

"Trump would make his views on monetary policy known, as Bessent noted Senators often do, but he does not support undermining Fed independence," the economists said.

5. Sanctions could get stronger

Bessent voiced support for intensifying sanctions on Russia and Iran. Sanctions on Russia, in particular, have not been "fulsome," Bessent said, suggesting he would tolerate higher oil prices in favor of increasing restrictions on Russia.

"If any officials in the Russian Federation are watching this confirmation hearing, they should know that if I'm confirmed and if President Trump requests it as part of his strategy to end the Ukraine war, I will be 100% on board from taking sanctions up, especially on the Russian oil majors to levels that would bring the Russian Federation to the table," Bessent said during the hearing.

"This statement could indicate that such sanctions may be near-term priorities for the Trump administration," Deutsche added.

Read the original article on Business Insider

23andMe has been quietly exploring a possible sale of its telehealth business, Lemonaid

17 January 2025 at 11:13
23andMe sign on a building
23andMe found out it was attacked by hackers in October

Smith Collection/Gado

  • 23andMe has been exploring a possible sale of its telehealth business, Business Insider has learned.
  • The struggling health company bought virtual care startup Lemonaid in 2021 for $400 million.
  • 23andMe's stock has plummeted after a 2023 data breach exposed millions of customer accounts.

Struggling genetic testing company 23andMe has been quietly exploring a possible sale of its telehealth offering, Business Insider has learned.

The health company has been testing the waters for a possible buyer for Lemonaid Health, the virtual care business it bought in 2021 for $400 million in cash and stock, people with knowledge of the efforts told BI.

It's not clear how formal the efforts have been. 23andMe didn't respond to multiple requests for comment from BI.

When 23andMe acquired Lemonaid, the company said it wanted to provide personalized telemedicine care informed by its genetic data collection.

Founded in 2006, 23andMe seized consumer interest with its genetic testing kits that offered customers breakdowns of their ancestry. Later, in 2017, 23andMe started selling tests that could assess a customer's health risks for conditions like Alzheimer's disease and cancer.

23andMe went public in June 2021, a few months before the Lemonaid deal closed, at $11.13 a share.

Since then, 23andMe's stock price has tumbled due to a mass data breach and the resulting $30 million class action lawsuit. Now strapped for cash, the company cut 40% of its staff in November, or about 200 people, and shut down its drug discovery efforts.

In September, the company was trading at $.35 a share. The following month, 23andMe completed a reverse stock split, exchanging every 20 shares of its stock for one share to prevent it from being forced to delist from the Nasdaq. As of January 17, it's worth about $3.60 a share.

Three-quarters of Lemonaid's $400 million acquisition was paid as shares of 23andMe stock. 23andMe was valued at $3.5 billion when the company went public in 2021. Today, it's valued at about $91 million.

23andMe's nosedive

In 2023, 23andMe confirmed that ancestry data for nearly 7 million users was accessed and compromised. The data β€” including birth details and names β€” was sold on the dark web by hackers.

A data breach notification filing in January 2024 indicated that 23andMe took five months to realize the data had been accessed. This led to a class action lawsuit, which 23andMe settled for $30 million in September 2024, according to Reuters.

Alongside the challenges the company faced with the data breach, CEO Anne Wojcicki also proposed taking the company private in a July 2024 SEC filing. Five days later, that bid was rejected by a special committee assembled by 23andMe's board of directors.

Then, in September, the company said in a separate SEC filing that Wojcicki was open to the possibility of a third-party takeover. Shortly after, 23andMe's entire board of directors resigned.

Wojcicki walked back the remarks in a separate filing, and a 23andMe spokesperson told Business Insider in January that Wojcicki is no longer open to considering a third-party buyout. Wojcicki still intends to take 23andMe private, the spokesperson said at the time.

Read the original article on Business Insider
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