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November 12: Nvidia Resignation and Gaza Hospital Strike
In Brooklyn
Rescue operations are underway after a three-story building collapsed in Brooklyn. According to an FDNY dispatch, the building fell into an adjacent excavation site where workers were present.
In Washington, D.C.
Five people were shot in the Logan Circle neighborhood, one fatally, before the suspected gunman died by suicide. Metropolitan Police interim chief Jeffery Carroll said the man apparently had a dispute with the building’s homeowners association. Earlier reports described a fatal shooting at a gym and the gunman barricading himself inside a building.
At Nvidia
Nvidia shares plunged as much as fourteen percent at the start of trading after co-founder Jensen Huang resigned as CEO. Separately, two administration officials told Semafor that the Justice Department is investigating Nvidia over antitrust concerns. Semafor reported no indication that prosecutors currently intend to bring criminal charges against Nvidia or Huang. The company and the department declined to comment.
Bloomberg also reports that President Trump backed Commerce Secretary Howard Lutnick despite reports that his department had done too little to prevent China from obtaining Nvidia’s advanced artificial intelligence chips.
At the Supreme Court
The justices heard arguments Monday over compensation for property taken for an interstate natural gas pipeline. Landowners argue that more protective state law should determine what the private pipeline company pays. Chief Justice John Roberts and Justice Clarence Thomas questioned why a company using federal eminent domain powers should face compensation rules different from the federal government’s.
In Hungary
Hungary is set to scrap its abortion “heartbeat regulation” and strengthen protections for women against violence. The planned reforms mark a break with former Prime Minister Viktor Orban’s conservative policies.
In Gaza
The World Health Organization says an Israeli airstrike hit Nasser Medical Complex in Khan Younis early Thursday, November 12. The agency says six people, including a doctor, were killed and at least twenty-seven others were injured.
In Congress
The House passed the Major Richard Star Act on Thursday, sending it to the Senate. The bill would allow combat-wounded, medically retired veterans to receive both retirement pay and disability compensation without penalties. Democrats secured 218 signatures on a petition to force the vote.
Separately, The New York Times reports that congressional Democrats have notified more than sixty companies, individuals, and agencies of possible investigations involving the Trump administration’s research cuts, environmental rollbacks, and business deals.
At the Treasury Department
Officials confirm that Treasury Secretary Scott Bessent has moved from his Washington home to a military base after Iranian threats to his life. Bessent leads the U.S. effort to cut off Iran’s economic lifelines.
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