Breaking News and Developing Stories – December 17, 2018

CBS Board of Directors Terminate Former CEO and Chairman Leslie Moonves

The CBS board of directors says that former CEO and Chairman Leslie Moonves will receive no severance pay after “willful and material misfeasance, violation of [CBS] policies and breach of his employment contract, as well as his willful failure to cooperate fully with the Company’s investigation” – CNBC

In their Moonves investigation, CBS board says investigators “concluded that harassment and retaliation are not pervasive at CBS” but “learned of past incidents of improper and unprofessional conduct” – CNBC


President Trump Authorizes New Farmers’ Aid Package

President Trump has reportedly authorized a 2nd round of aid for U.S. farmers, noting “trade retaliation by foreign nations” – NBC News


President Trump Expected to Sign Order Creating Space Command

President Trump is expected to sign an order creating U.S. Space Command in the coming days, according to officials – Fox News


Stocks Plunge Amid Concerns of Federal Reserve Interest Rate Hikes

The Dow Jones has fallen over 500 points and the S&P 500 is down around 2% amid concerns surrounding the Federal Reserve plan to raise interest rates; both are on track for their worst December since the Great Depression – CNBC


New York Governor Calls for Recreational Marijuana Legalization

New York Governor Andrew Cuomo has proposed that the state join 10 others in legalizing recreational marijuana – NBC News


Homeland Security Blocks Lawmakers from Interviewing Border Agents

DHS has reportedly told lawmakers that they cannot interview the border agents that detained a 7-year-old Guatemalan girl who died while in federal custody while they visit the station where she was first treated – The Hill


 

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