win vip NEW YORK (AP) — Technology stocks are dragging down the market as Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6%, with more than 80% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 475 points, or 1.1%, to 42,850 as of 11:35 a.m. Eastern time. The Nasdaq composite fell 2%. Technology stocks were the biggest drag on the market Friday. Semiconductor giant Nvidia slumped 2.4%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 1.9% decline. A wide range of retailers also fell. Amazon fell 2% and Best Buy slipped 1%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy was the only sector within the S&P 500 rising. It gained 0.4% as crude oil prices rose 1.2%. Investors don't have much in the way of corporate or economic updates to review as the market moves closer to another standout annual finish. The S&P 500 is on track for a gain of just under 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though Inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.5% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns he combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury remained at 4.59% from late Thursday. The yield on the two-year Treasury slipped to 4.31% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.By STEVE LEBLANC, ERIC TUCKER and TARA COPP BOSTON (AP) — Two men, including a dual Iranian American citizen, have been arrested on charges that they exported sensitive technology to Iran that was used in a drone attack in Jordan that killed three American troops early this year and injured dozens of other service members, the Justice Department said Monday. The pair were arrested after FBI specialists who analyzed the drone traced the navigation system to an Iranian company operated by one of the defendants, who relied on technology funneled from the U.S. by his alleged co-conspirator, officials said. “We often cite hypothetical risk when we talk about the dangers of American technology getting into dangerous hands,” said U.S. Attorney Joshua Levy, the top federal prosecutor in Massachusetts. “Unfortunately, in this situation, we are not speculating.” The defendants were identified as Mahdi Mohammad Sadeghi, who prosecutors say works at a Massachusetts-based semiconductor company, and Mohammad Abedininajafabadi, who was arrested Monday in Italy as the Justice Department seeks his extradition to Massachusetts. Prosecutors allege that Abedininajafabadi, who also uses the surname Adedini and operates an Iranian company that manufactures navigation systems for drones, has connections to Iran’s paramilitary Revolutionary Guard. They allege that he conspired with Sadeghi to circumvent American export control laws, including through a front company in Switzerland, and procure sensitive technology into Iran. Both men are charged with export control violations, and Abedini separately faces charges of conspiring to provide material support to Iran. A lawyer for Sadeghi, a naturalized U.S. citizen who was arrested Monday in Massachusetts, did not immediately return an email seeking comment. U.S. officials blamed the January attack on the Islamic Resistance in Iraq, an umbrella group of Iran-backed militias that includes Kataib Hezbollah. Three Georgia soldiers — Sgt. William Jerome Rivers of Carrollton, Sgt. Breonna Moffett of Savannah and Sgt. Kennedy Sanders of Waycross — were killed in the Jan. 28 drone attack on a U.S. outpost in northeastern Jordan called Tower 22. In the attack, the one-way attack drone may have been mistaken for a U.S. drone that was expected to return back to the logistics base about the same time and was not shot down. Instead, it crashed into living quarters, killing the three soldiers and injuring more than 40. “To the people who were injured by this attack, to the loved ones and family members of the people who lost their lives, as the son of a combat veteran I humbly hope that today’s charges bring some measure of justice and accountability,” Levy said. Tower 22 held about 350 U.S. military personnel at the time. It is strategically located between Jordan and Syria, only 10 kilometers (6 miles) from the Iraqi border, and in the months just after Hamas’ Oct. 7 attack on Israel, and Israel’s blistering response in Gaza, Iranian-backed militias intensified their attacks on U.S. military locations in the region. Following the attack, the U.S. launched a huge counterstrike against 85 sites in Iraq and Syria used by Iran’s Revolutionary Guard and Iranian-backed militia and bolstered Tower 22’s defenses. ____ Tucker and Copp reported from Washington.

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EAST LANSING, Mich. — The sight was a common one for Andrew Kolpacki. For many a Sunday, he would watch NFL games on TV and see quarterbacks putting their hands on their helmets, desperately trying to hear the play call from the sideline or booth as tens of thousands of fans screamed at the tops of their lungs. When the NCAA's playing rules oversight committee this past spring approved the use of coach-to-player helmet communications in games for the 2024 season, Kolpacki, Michigan State's head football equipment manager, knew the Spartans' QBs and linebackers were going to have a problem. "There had to be some sort of solution," he said. As it turns out, there was. And it was right across the street. Kolpacki reached out to Tamara Reid Bush, a mechanical engineering professor who not only heads the school's Biomechanical Design Research Laboratory but also is a football season ticket-holder. Kolpacki "showed me some photos and said that other teams had just put duct tape inside the (earhole), and he asked me, 'Do you think we can do anything better than duct tape,?" Bush said. "And I said, 'Oh, absolutely.'" Bush and Rylie DuBois, a sophomore biosystems engineering major and undergraduate research assistant at the lab, set out to produce earhole inserts made from polylactic acid, a bio-based plastic, using a 3D printer. Part of the challenge was accounting for the earhole sizes and shapes that vary depending on helmet style. Once the season got underway with a Friday night home game against Florida Atlantic on Aug. 30, the helmets of starting quarterback Aidan Chiles and linebacker Jordan Turner were outfitted with the inserts, which helped mitigate crowd noise. DuBois attended the game, sitting in the student section. "I felt such a strong sense of accomplishment and pride," DuBois said. "And I told all my friends around me about how I designed what they were wearing on the field." All told, Bush and DuBois have produced around 180 sets of the inserts, a number that grew in part due to the variety of helmet designs and colors that are available to be worn by Spartan players any given Saturday. Plus, the engineering folks have been fine-tuning their design throughout the season. Dozens of Bowl Subdivision programs are doing something similar. In many cases, they're getting 3D-printed earhole covers from XO Armor Technologies, which provides on-site, on-demand 3D printing of athletic wearables. The Auburn, Alabama-based company has donated its version of the earhole covers to the equipment managers of programs ranging from Georgia and Clemson to Boise State and Arizona State in the hope the schools would consider doing business with XO Armor in the future, said Jeff Klosterman, vice president of business development. XO Armor first was approached by the Houston Texans at the end of last season about creating something to assist quarterback C.J. Stroud in better hearing play calls delivered to his helmet during road games. XO Armor worked on a solution and had completed one when it received another inquiry: Ohio State, which had heard Michigan State was moving forward with helmet inserts, wondered if XO Armor had anything in the works. "We kind of just did this as a one-off favor to the Texans and honestly didn't forecast it becoming our viral moment in college football," Klosterman said. "We've now got about 60 teams across college football and the NFL wearing our sound-deadening earhole covers every weekend." The rules state that only one player for each team is permitted to be in communication with coaches while on the field. For the Spartans, it's typically Chiles on offense and Turner on defense. Turner prefers to have an insert in both earholes, but Chiles has asked that the insert be used in only one on his helmet. Chiles "likes to be able to feel like he has some sort of outward exposure," Kolpacki said. Exposure is something the sophomore signal-caller from Long Beach, California, had in away games against Michigan and Oregon this season. Michigan Stadium welcomed 110,000-plus fans for the Oct. 26 matchup between the in-state rivals. And while just under 60,000 packed Autzen Stadium in Eugene, Oregon, for the Ducks' 31-10 win over Michigan State three weeks earlier, it was plenty loud. "The Big Ten has some pretty impressive venues," Kolpacki said. "It can be just deafening," he said. "That's what those fans are there for is to create havoc and make it difficult for coaches to get a play call off." Something that is a bit easier to handle thanks to Bush and her team. She called the inserts a "win-win-win" for everyone. "It's exciting for me to work with athletics and the football team," she said. "I think it's really exciting for our students as well to take what they've learned and develop and design something and see it being used and executed." Be the first to know Get local news delivered to your inbox!WASHINGTON — The Biden administration has responded to reported drone sightings over New Jersey and other states with assurances that there’s no evidence of “malicious intent,” with a National Security Council official signaling that federal entities think the brouhaha has been much ado about nothing — even as top Democrats demand answers. Thousands of tips about mysterious flying objects over the Garden State and neighboring states had produced about 100 credible leads as of Saturday, administration officials told reporters on a briefing call. The officials repeatedly stressed that multiple federal departments and agencies had not detected any evidence of criminal intent, public safety risks or national security implications. In fact, the NSC official poured cold water on many of the phoned-in tips and myriad social media anecdotes of drones as large as school buses buzzing around and hovering over New Jersey residential areas. “We have not been able to corroborate the reported visual sightings using sophisticated electronic detection technologies provided by federal authorities. And, upon review of available imagery, it appears that many of the reported sightings are actually manned aircraft, operating lawfully,” the NSC official told Roll Call. “At this time, we do not have indication based on the investigation thus far that these reported sightings pose a national security or public safety threat or have a foreign nexus,” the official said via email. “The Department of Homeland Security and the FBI are actively investigating these sightings and working closely with state and local law enforcement to provide resources, using numerous detection methods, to better understand their origin and intentions.” The official referred to “many” of the sightings as manned aircraft mistaken for remotely piloted drones. But that would suggest that drones could be included among the remaining sightings. The Biden administration has yet to explain why those aircraft are in the air and who is operating them. Administration officials have also not yet explained how they have ruled out possible criminal intent, public safety risks and national security implications when they remain stumped about the operators of the aircraft. Asked to explain the metric used to draw such conclusions, the NSC official did not respond to a follow-up email. “To date, we have no intelligence or observations that would indicate that they were aligned with a foreign actor or that they had malicious intent,” a Defense Department official told reporters on the weekend call. “But I’ve just got to simply tell you, we don’t know. We have not been able to locate or identify the operators or the points of origin.” Meanwhile, a senior administration official echoed the NSC official in suggesting that citizen-tipsters have been mistaken about what they are seeing. “At this point, we have not identified any basis for believing that ... these drones, that there’s any criminal activity involved, that there’s any national security threat, that there’s any particular public safety threat, or that there’s a malicious foreign actor involved in these drones,” the senior administration official said. “That said, as you’ve heard from all of the experts on this call, all of the departments and agencies are taking this incredibly seriously and investigating every possible lead and working to try to understand what these sightings are,” the official added. The situation has put the Biden administration in yet another tricky political spot. The New York-New Jersey metro area is heavily represented by Democrats, who have been hearing from concerned, panicked and angry constituents about the mysterious activities they say are happening above them. Social media is rife with conspiracy theories, some accusing the administration of withholding information about exactly what is happening. Among the region’s Democrats pressing the administration for more information is Senate Majority Leader Charles E. Schumer of New York. In a Sunday letter to Homeland Security Secretary Alejandro Mayorkas, Schumer pushed for the department to deploy more “drone-specific radar” systems, infrared cameras and other detection equipment. “In addition, these sightings have exposed the federal government’s limitations when it comes to the authorities for protecting against the illicit use of UAS,” Schumer wrote, using an acronym for unmanned aircraft systems. “State and local law enforcement agencies currently lack the explicit authorities to assist DHS in deploying technology to detect drone signals. These local agencies are responsible for keeping our citizens safe at the local level, and they must be part of a coordinated response.” Trump weighs in The confusing situation has again made clear the differing approaches of President Joe Biden and President-elect Donald Trump. Biden administration officials have repeatedly cited analyses and reviews of flight data and other information. Throughout his term, the president has leaned on experts and by-the-book government processes. Trump, who often ridicules experts as know-nothings, is more inclined to shoot from the hip. “Mystery Drone sightings all over the Country. Can this really be happening without our government’s knowledge,” Trump wrote Friday on social media. “I don’t think so! Let the public know, and now. Otherwise, shoot them down!!!” At a press conference Monday in Florida, Trump contended that “the government knows what is happening” and “our president knows.” “Look, our military knows where they took off from. If it’s a garage, they can go right into that garage. They know where it came from and where it went,” he said. “And, for some reason, they don’t want to comment. And I think they’d be better off saying what it is.” Trump said he doubts the drones are being operated by a foreign government, but declined to disclose whether he had received an intelligence briefing on the situation. Presidents-elect have long been able to access the same intelligence as sitting commanders in chief to ensure a smooth transition between leaders.10/3 podcast: Randy Boissonnault has resigned from cabinet after weeks of mounting controversies

Dow ends at fresh record as oil prices pull back on ceasefire hopes

Former Nine boss becomes ABC Managing DirectorPam Bondi, Donald Trump's pick to be attorney general, is a staunch ally of the former president, defending him against impeachment during his first term and pushing his false claims of election fraud as he sought to cling on to the White House. The 59-year-old former Florida attorney general, if confirmed by the Senate, will now serve as the top law enforcement official in a second Trump administration. "For too long, the partisan Department of Justice has been weaponized against me and other Republicans -- Not anymore," Trump wrote on his Truth Social network. "Pam will refocus the DOJ to its intended purpose of fighting Crime, and Making America Safe Again." Bondi's nomination means the top ranks of the Justice Department will be filled by Trump loyalists, as the president-elect has named three of the lawyers who defended him in his multiple criminal cases to its other high-ranking roles. Trump tapped Bondi to be attorney general on Thursday after his first pick, firebrand ex-Florida lawmaker Matt Gaetz, dropped out amid sexual misconduct allegations and doubts that he could obtain Senate confirmation. A graduate of the University of Florida with a law degree from Stetson University, Bondi served as a prosecutor for 18 years before being elected attorney general of the "Sunshine State" in 2010, the first woman to hold the post. Bondi, a native of Trump's adopted home state of Florida, was reelected to a second term in 2014. As attorney general, Bondi notably fought opioid addiction and human trafficking while taking a tough stance on crime and supporting the death penalty. She sued BP for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico and obtained more than $2 billion in economic relief for Florida, according to her biography page at Ballard Partners, a powerful lobbying firm where she has worked after leaving office. While serving as attorney general, Bondi was drawn into a controversy involving Trump when she declined in 2013 to join a multi-state prosecution accusing Trump University of fraud. It emerged later that Bondi's reelection committee had received a $25,000 donation from the charitable Trump Foundation. Both Trump and Bondi denied any wrongdoing. Bondi joined Trump's legal team during his first impeachment trial, in which he was alleged to have pressured Ukrainian President Volodymyr Zelensky to find political dirt on his 2020 election opponent, Democrat Joe Biden. Trump was impeached by the Democrat-controlled House of Representatives but acquitted by the Republican-majority Senate. After the 2020 election, Bondi made television appearances on behalf of Trump and pushed to de-legitimize vote counting in battleground states as part of the push by the former president to overturn the results of the vote. Bondi has also criticized the criminal cases brought against Trump, appearing in solidarity at his New York trial, where he was convicted of falsifying business records to cover up hush money payments to a porn star. At Ballard Partners, Bondi has done work for Amazon, General Motors and Uber and as a registered lobbyist for the oil-rich Gulf nation of Qatar, according to press reports. She is also a member of the America First Policy Institute, a Trump-aligned right-wing think tank. cl/dwIt’s unfair – Cristiano Ronaldo names ‘clear’ winner of Ballon d’Or

Funding of horse and greyhound industries a hot topic among politicians in Premier Sports’ election debate

Sir Keir Starmer was speaking at the Joint Expeditionary Force (JEF) conference in Estonia where he met leaders of other Baltic states. After signing an energy partnership with Norwegian Prime Minister Jonas Gahr Store in Bergen, Sir Keir flew to Estonia where he spoke alongside Mr Store and their Estonian counterpart Kristen Michal. Asked what else could be done to support Ukraine, Sir Keir said: “There is an ever-increasing demand for more capability. That is understandable, and Ukraine needs all the capability that it can get, so I think all of us have put in more capability into Ukraine by way of equipment.” He added: “A lot of money has been raised, funding has been raised, but more is going to be needed.” The Prime Minister’s also discussed making the economic case at home for continued support for Ukraine. Sir Keir said: “Making the case on the significance of Ukraine, making the case, to double down, linking it back to each of our countries – what does it mean for us if Russia succeeds, is a really important question that we have to answer with our people to make it clear why it is that we are so supportive of Ukraine, why it is that we must stand with our allies on this, why it is we must make sure that Nato is put in the strongest position as well. “Now, this is a different world to the world of 10, 20 years ago, to recognise the world that we are living in, there’s a positive case as well to be made. “Defence spending doesn’t sort of sit in a silo over here with no effect on the rest of the economy, no effect on technology. “It has a huge effect on technologies, the cutting edge of technology and change which can then be used in other areas. “It binds countries together. I think all of us have got joint projects on in terms of defence capabilities that bind us together. There’s a huge number of well-paid jobs that are very important to our economy in defence spending as well. “But we have to make that positive case. I don’t personally feel that we can sort of sit back and assume that all of those in our respective countries necessarily accept all of our arguments unless we make them in that positive way, which I do think the argument can and should and must be made. “But the challenge that you put to us is the right challenge, which is it’s very difficult when finances are tight, as they are in all of our countries.” On Tuesday morning the Prime Minister will meet Taavi Madiberk, the founder of Estonian tech start-up manufacturing low-cost air defence missiles, Frankenburg Technologies, which is planning to open a new office in London Specialising in the manufacture of the missiles, the rapidly growing company already collaborates closely with the UK defence industry, sourcing a significant portion of its subsystems locally, including from propulsion specialists Roxel in Worcestershire. The Prime Minister will again attend the JEF summit, joining leaders from the Nordics and Baltics to discuss support for Ukraine, the sustained threat posed by Russia and wider European security. He will then visit British forces serving in the region to deter malign Russian threats.Starmer to visit troops serving on Russian border in push for Ukraine support