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Top stories today:
- Trump said to consider executive order to “save TikTok” from U.S. ban
- Blue Origin flagship rocket reaches orbit but misses landing in debut
- U.S. introduces new rules to curb flow of advanced chips to China
- CPI shows mixed picture, with just 1 cut priced in for 2025
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Trump said to consider executive order to “save TikTok” from U.S. ban, sale
60–90 day law enforcement suspension reportedly under consideration by President-elect Donald Trump.
Jan. 19: the deadline for TikTok’s sale or ban.
SCOTUS signaled support for the law despite hearing opposition last week.
Separately, the Biden admin. is reportedly considering ways to keep TikTok available even if its ban proceeds.
Also, TikTok CEO Shou Chew is planning to attend Trump’s inauguration.
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3. Blue Origin flagship rocket reaches orbit but misses landing in debut
2:30 AM ET on Thu.: New Glenn launched from Florida’s Cape Canaveral after previous delays.
The Blue Ring Pathfinder test satellite was successfully placed into orbit by the rocket, fulfilling the launch's primary aim.
~13 minutes after launch, the rocket reached orbit.
The rocket's booster was destroyed during landing, though.
New Glenn is key to clearing Blue Origin’s $10B launch contract backlog.
4. U.S. introduces new rules to curb flow of advanced chips to China
