| |  |  | The Reuters Daily Briefing | Wednesday, October 27, 2021 by Linda Noakes | Hello Here's what you need to know. Trump tightens his grip on his social media company, Sudan's coup meets more resistance as doctors join protests, and Wall Street wonders if the 1970s are back | | | | | Today's biggest stories  President Joe Biden interacts with the crowd while campaigning for Democratic candidate for governor of Virginia Terry McAuliffe at a rally in Arlington, October 26, 2021. REUTERS/Jonathan Ernst U.S. U.S. billionaires would pay tax on unrealized gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled by the top Senate Democrat for tax policy.
The so-called billionaires tax, announced by Senate Finance Committee Chairman Ron Wyden, is part of a two-pronged legislative strategy that also includes a proposed 15% corporate minimum tax on the most profitable U.S. corporations.
Democratic Senator Joe Manchin has leveraged his party's slim majority in Congress to reshape Biden's spending bill, slashing its initial price tag of $3.5 trillion and blocking policy proposals on climate and social programs. We explain how Manchin has upended Biden's hopes to reshape the economy.
Former President Donald Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings.
An expert panel voted overwhelmingly to recommend the U.S. Food and Drug Administration authorize the Pfizer and BioNTech COVID-19 vaccine for children ages 5 to 11, saying the benefits of the shot outweigh the risks.
The U.S. intelligence community has assessed that Islamic State in Afghanistan could have the capability to attack the United States in as little as six months, and has the intention to do so, a senior Pentagon official told Congress.
|  A protester waves a flag during what the information ministry called a military coup in Khartoum, Sudan, October 25, 2021. REUTERS/Mohamed Nureldin Abdallah WORLD State oil company workers and doctors in Sudan said they were joining protests against the military coup that has derailed the country's planned transition to democracy.
Haiti's streets were unusually quiet and gasoline stations remained dry as gangs blocked the entrance to ports that hold fuel stores and the country's main gang boss demanded that Prime Minister Ariel Henry resign.
Hundreds of migrants from Central America and the Caribbean are trekking across Mexico, the latest in a series of caravans that have sought to reach the U.S. border in recent months.
A Brazilian Senate investigative committee approved a report that calls for President Jair Bolsonaro to be indicted for nine crimes related to his handling of the coronavirus pandemic, including crimes against humanity.
Hong Kong's legislature passed a new film censorship law to "safeguard national security", though critics say it will dampen creativity in its world famous movie industry and further reduce freedoms in the former British colony.
| BUSINESS Equity market strategist Phil Orlando has not heard this many people mentioning stagflation since the late 1970s, when oil prices were soaring and inflation stood at more than double its current level. We look at the debate that's splitting Wall Street.
A top U.S. bank regulator said officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters that a team of U.S. bank regulators is trying to provide a roadmap for banks to engage with crypto assets.
The U.S. Federal Communications Commission voted to revoke the authorization for China Telecom's U.S. subsidiary to operate in the United States, citing national security concerns. The decision means China Telecom Americas must now discontinue U.S. services within 60 days.
BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefited from a gas crisis that has left consumers and industries smarting.
Bottled water, vaccine development, short video platform TikTok and electric vehicle technology propelled the big earners on China's rich list this year, as embattled property moguls and others facing regulatory scrutiny slipped down the rankings.
| | | | | | | | | Video of the day  Japan startup targets supercar users with $700,000 hoverbike The 'XTurismo Limited Edition' is equipped with a conventional engine and four battery-powered motors and promises to fly for 40 minutes at up to 100 kph. | | | Thanks for spending part of your day with us. | | | | | |
