5 things you need to know now
5 things you need to know now
  • Trump to sign executive order seeking to undo Obama's climate policy

  • Nunes faces mounting pressure as Russia investigation rumors swirl

  • U.K. shoots down Scotland's request for an independence referendum

  • Dow risks ninth-straight day of decline as 'Trump bump' cools

  • Elon Musk's new startup will try to develop cranial computers

On Tuesday, President Trump will sign an executive order seeking to roll back many of former President Barack Obama's measures aimed at fighting global warming. Trump will ask the Environmental Protection Agency to review the Clean Power Plan, which limits the amount of greenhouse gas emissions from power plants and has long been opposed by Republican governors. He will also lift a ban on new coal leases on federal lands, which Obama put into place for three years in 2016 so the program could be modernized. A senior White House official informed reporters about the executive order Monday night, and at one point denied knowing that climate change can have a devastating impact on the economy, The Associated Press reports.

Source: The Associated Press

House Intelligence Committee Chairman Devin Nunes (R-Calif.) said Tuesday he would not recuse himself from the investigation of the Trump administration's possible ties to Russia's election interference, defying Democrats. Rep. Adam Schiff (D-Calif.), the committee's ranking member, said Nunes should not lead the investigation because of potential bias, given he was part of Trump's transition team and after reports he held a meeting with an undisclosed source on White House grounds the day before announcing Trump's communications may have been captured by routine surveillance. Also Tuesday, The Washington Post reported Trump's administration attempted to limit the testimony of former Attorney General Sally Yates, who was set to speak on Russia before the House Intelligence Committee in an open hearing. Nunes eventually canceled the hearing; White House Press Secretary Sean Spicer called allegations the White House intervened "100 percent false."

Source: The Washington Post, CNN

The British government on Tuesday rejected Scottish First Minister Nicola Sturgeon's request for an independence referendum. The announcement came shortly after the Scottish Parliament voted 69-59 in favor of backing Sturgeon's bid for a vote on Scotland's independence. In a statement, the British government said it would not engage in negotiations with Scotland because it would be "unfair to the people of Scotland to ask them to make a crucial decision without the necessary information" about the U.K.'s "future relationship with Europe." Sturgeon has argued that while the U.K. may have voted to leave the European Union last year, Scotland voted overwhelmingly in favor of remaining, and thus Scottish citizens deserve an independence vote before the Brexit process begins. Britain is slated to exit the EU in 2019.

Source: Reuters, CNN

Shaken over President Trump's failure to repeal and replace the Affordable Care Act, Wall Street is now raising questions about his ability to keep financial promises like reforming the tax code and slashing regulations on banks. The cooling "Trump bump" has left the Dow at risk of suffering a ninth-straight day of decline Tuesday, which would mark the longest losing streak for the Dow since Jimmy Carter was in the White House in 1978. While the index is still up 11 percent since the election and the Nasdaq has actually closed higher in three of the past four days, CNN Money observes "a notable shift in terms of sentiment."

Source: CNN Money

Tesla and SpaceX CEO Elon Musk is setting his sights on something new: "neural lace" technology, which involves implanting tiny electrodes into the brain that could one day help humans reach higher levels of function. His new company, Neuralink, will pursue developing these cranial computers, which at first will most likely be used to treat people with brain disorders like epilepsy and major depression. While Musk would not comment to The Wall Street Journal about Neuralink, several people with information said he is actively setting the company up and could have a significant leadership role. Musk has said it's important for humanity to not be left behind as advances are made in artificial intelligence.

Source: Wall Street Journal
Start every morning with all you need to know
Delivered to your inbox