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AP News Summary at 11:33 p.m. EST | Nation | The Daily News – Galveston County Daily News

Some clouds. Low 52F. Winds light and variable..
Some clouds. Low 52F. Winds light and variable.
Updated: December 21, 2022 @ 11:16 pm
December 21, 2022

Zelenskyy thanks ‘every American,’ sees ‘turning point’
WASHINGTON (AP) — Ukraine’s Volodymyr Zelenskyy has paid a defiant wartime visit to Washington to thank Americans for helping to fund the war against Russia. In a speech to Congress, he said the money is “not charity” but an “investment” in global security and democracy. The whirlwind visit was his first known trip outside his country since Russia invaded in February. It was aimed at reinvigorating support for Ukraine at a time when there is concern that allies are growing weary of the costly war and its disruption to global food and energy supplies. Zelenskyy met earlier in the day with President Joe Biden in the White House.
Associates of FTX founder plead guilty to criminal charges
NEW YORK (AP) — A federal prosecutor says two associates of Sam Bankman-Fried have pleaded guilty to criminal charges in cooperation deals related to the collapse of the cryptocurrency exchange FTX. U.S. Attorney Damian Williams said Wednesday night that Carolyn Ellison, the former CEO of Alameda Research, a trading firm started by Bankman-Fried, and Gary Wang, who co-founded FTX along with Bankman-Fried, pleaded guilty to charges “related to their roles in the fraud that contributed to FTX’s collapse.” The guilty pleas were announced as Bankman-Fried was being flown to the U.S. from the Bahamas by U.S. law enforcement to answer to charges tied to his role in FTX’s failure.
Jan. 6 panel prepares to unveil final report on insurrection
WASHINGTON (AP) — An 800-page report set to be released by House investigators will conclude that then-President Donald Trump criminally plotted to overturn his 2020 election defeat and “provoked his supporters to violence” at the Capitol with false claims of voter fraud. The resulting Jan. 6, 2021, insurrection threatened democracy and the lives of lawmakers and police. The report is expected to be released by the House Jan. 6 committee in full on Thursday. It will largely mirror nine hearings that laid out evidence from live testimony, 1,000 private interviews and millions of pages of documents. Trump still falsely disputes his 2020 loss.
Storm adds uncertainty to strong holiday travel demand
Concerns about illness or inflation aren’t stopping Americans from hitting the roads and airports this holiday season. But a massive winter storm might. Forecasters are predicting heavy snow, ice and powerful winds between Thursday and Saturday across much of the country. Delta, United and other airlines say they are loosening their change fee policies so travelers can choose new flights and avoid the bad weather. The weather added uncertainty to what’s expected to be a busy travel season. AAA estimates that nearly 113 million people will travel at least 50 miles from home between Dec. 23 and Jan. 2. That’s 4% higher than last year.
New label law has unintended effect: Sesame in more foods
A new federal law requiring that sesame be listed as an allergen on food labels is having unintended consequences _ increasing the number of products that include the ingredient. Starting Jan. 1, all foods made and sold in the U.S. must be labeled if they contain sesame, an often-hidden ingredient that’s been declared the nation’s ninth major allergen. Food industry experts say the requirements are so stringent that many manufacturers, especially bakers, find it simpler and less expensive to add sesame to a product _ and to label it. While the practice is legal, consumers and advocates say it violates the spirit of the law.
Franco Harris, Steeler who caught Immaculate Reception, dies
PITTSBURGH (AP) — Hall of Fame running back Franco Harris has died at the age of 72 just days before the 50th anniversary of the “Immaculate Reception.” His catch for the Pittsburgh Steelers is considered the most iconic play in NFL history. Harris ran for 12,120 yards and won four Super Bowl rings with Pittsburgh in the 1970s. The team’s dynasty began in earnest when Harris decided to keep running during a last-second heave by quarterback Terry Bradshaw in a playoff game against Oakland in 1972. His catch and run off a deflected pass gave the Steelers their first-ever playoff win. Harris’ son, Dok, told The Associated Press on Wednesday that his father died overnight. No cause of death was given.
As flu rages, US releases medicine from national stockpile
WASHINGTON (AP) — The Biden administration says it will release doses of prescription flu medicine from the Strategic National Stockpile to states as flu-sickened patients continue to flock to hospitals and doctors’ offices around the country. States will be able to request doses of the prescription flu medication Tamiflu kept in the Strategic National Stockpile from the federal Health and Human Services department. The administration is not releasing how many doses will be made available. Last week, HHS announced it would allow states to dip into statewide stockpiles for Tamiflu, making millions of treatment courses available. Tamiflu can be prescribed to treat flu in people over the age of 2 weeks old.
Musk says Twitter in precarious position, defends cost cuts
SAN FRANCISCO (AP) — Elon Musk is defending his massive cost-cutting at Twitter as necessary for the social media platform to survive next year, in part due to debt payments tied to his $44 billion takeover of the company. Musk described Twitter as like a plane that is headed towards the ground at high speed with the engines on fire and the controls don’t work. He was speaking to a late-night audience on a Twitter Spaces call Tuesday. That’s after Elon Musk said earlier on Tuesday that he plans on remaining as Twitter’s CEO until he can find someone willing to replace him in the job.
Chance the Rapper to bring free concert, festival to Ghana
LOS ANGELES (AP) — Chance the Rapper took a trip to the Motherland that ultimately birthed an idea of creating a free concert marrying music and art in West Africa. The Grammy winner along with rapper Vic Mensa will host the inaugural Black Star Line festival next year in Accra, Ghana. The weeklong festival will feature events, panel discussions and performances on Jan. 6 from Chance, Mensa, Erykah Badu, T-Pain, Jeremih, Sarkodie and Tobe Nwigwe. The event will be held in Accra’s Black Star Square, a monument to the political freedom that was won by Ghanaians in 1957. Chance says he wants to bridge the gap between Black people abroad and Africa.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Joseph Muongi

Financial.co.ke was founded by Mr. Joseph Muongi Kamau. He holds a Master of Science in Finance, Bachelors of Science in Actuarial Science and a Certificate of proficiencty in insurance. He's also the lead financial consultant.