Regulation and Deregulation of Industry

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      Trump Is About to Face the Choice That Dooms Many Presidencies

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      As happens every time a new president is elected, Donald Trump is experiencing a sudden role reversal. His campaign to earn support from voters has ended abruptly and a new one has begun among donors and activists to earn his support for their priorities. The election was about tax cuts, or maybe cryptocurrency, the arguments go. What Americans really want, sir, is fewer protections on the job and a weaker safety net.This is the first moment when presidencies go wrong. Rather than prepare to govern on behalf of the electorate that put them in power — especially the independent swing voters who by definition provide the margin of victory in a two-party system — new presidents, themselves typically members of the donor and activist communities, convince themselves that their personal preferences are the people’s as well. Two years later, their political capital expended and their agendas in shambles, their parties often suffer crushing defeats in midterm elections.As he looks toward his new term, Mr. Trump could claim a mandate to lead however he wishes, huddle with his supporters at Mar-a-Lago and then see how much of their agenda he can advance before his popularity falls too far to effect further change. That is the formula that has left a nation seemingly resigned to the loss of both common purpose and institutional competence. It is not a formula for a successful presidency, let alone for making America great again.He has another option. He is an iconoclastic leader with a uniquely unfiltered relationship to the American people and a disdain for the chattering class of consultants. He is also the first president since Grover Cleveland to get a second shot at a first term. He has already experienced the bruising tax fight that helped bring his approval rating down to 36 percent a year after his inauguration, the failed attempt to repeal the Affordable Care Act and the loss of more than 40 House seats and control of the chamber in a midterm election. In the early hours of Wednesday morning, he made a promise to “every citizen” that he would “fight for you, for your family and your future” and that “this will truly be the golden age of America.” Achieving that will require focusing on the challenges and respecting the values broadly shared by not only his voters, but also many others who might come to support him.Take immigration. A promise to secure the border has long been a central aspect of Mr. Trump’s appeal, and Democrats are now clambering to get on his side of the issue. A Trump administration serving American voters would stanch the flow of migrants with tough border enforcement and asylum restrictions, reverse the Biden administration’s lawlessness by removing recent arrivals and protect American workers and businesses by mandating that employers use the E-Verify program to confirm the legal status of the people who work for them. That program, which strikes at the harm that illegal immigration does to American workers, is wildly popular. A recent survey of 2,000 adults conducted by my organization, American Compass, in partnership with YouGov, found 78 percent support overall and 68 percent support even among Democrats. Law-abiding businesses tend to like it, too — they’re tired of getting undercut by competitors that get away with breaking the rules.That’s the path to solving the problem. Mr. Trump will hear a lot of counterarguments from the affluent and influential class that builds its business model on underpaid, undocumented labor, especially in industries such as construction and hospitality, where he has personal experience, as well as in agriculture. Those voices are likely to suggest that instead he condescend to the masses with border theater and hostile rhetoric, while expanding temporary worker programs. To this end, Representative Thomas Massie of Kentucky, who opposes the E-Verify program on libertarian grounds, has already been mentioned as a potential candidate for secretary of agriculture. Moves like that will keep the guests at Mr. Trump’s golf clubs happy but ensure growing frustration and disillusion elsewhere.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Tesla’s Stock Jumps After Trump’s Victory

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      Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.Elon Musk defied conventional corporate wisdom by committing wholeheartedly to Donald J. Trump’s presidential campaign, donating tens of millions of dollars and running a get-out-the-vote drive.Now that bet has paid off, giving Mr. Musk a direct line to the White House that he may be able to use to bend policy in ways that could benefit Tesla, his electric car company. Mr. Trump has even bandied the idea of appointing Mr. Musk to head a “government efficiency” commission.One indication of how much Tesla could benefit was evident on Wall Street Wednesday morning, when the company’s share price jumped about 10 percent.It is too early to say how much of Mr. Musk’s newly acquired political capital he will allocate to Tesla as opposed to his other businesses like SpaceX, a major government contractor, or xAI, an artificial intelligence start-up.But investors clearly believe that a Trump administration will be good for Tesla, despite the president-elect’s often-expressed disdain for electric vehicles and renewable energy.Mr. Musk’s top priority is likely to be easing regulations on self-driving software that he has described as pivotal to Tesla’s future. That could include pressuring the National Highway Traffic Safety Administration to be less aggressive in scrutinizing the company’s technology. The safety agency is investigating whether a Tesla system that the company calls “full self-driving (supervised)” was responsible for four collisions, including one that killed a pedestrian.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How FTC Chair Lina Khan Became an Election Hot Topic

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      The Federal Trade Commission chair drew increasing political vitriol as the presidential vote neared. Her political future hangs in the balance.In the run-up to the election, Lina Khan, chair of the Federal Trade Commission, was called a dope, partisan and unhelpful by Democrats and Republicans. Democratic donors including the billionaires Reid Hoffman, Barry Diller and Mark Cuban called for her ouster from the agency. Last week, a report from the Republican-led House Judiciary Committee accused her of having a far-left agenda and weaponizing the agency.Ms. Khan “will be fired soon,” Elon Musk, the owner of X and a supporter of former President Donald J. Trump, wrote on his platform on Thursday.Few government officials elicited such intense bipartisan attention ahead of the election, making speculation regarding the future of Ms. Khan — nominated in 2021 by President Biden — one of the most avid parlor games in Washington.The fixation on Ms. Khan, 35, is uncommon for a leader at the long-under-the-radar F.T.C., which regulates companies that subvert competition and deceive consumers. It reflects the high stakes of the Biden administration’s wide-ranging program to dampen the power of America’s biggest corporations — which either presidential candidate could reverse if victorious.Scrutiny from the F.T.C. and the Justice Department has led to the collapse of billions of dollars in recent corporate deals. Lawsuits filed by the agencies could break up big American brands like Google, Amazon and the parent company of Ticketmaster. Ms. Khan has argued to regulate artificial intelligence, ordered companies to make it easier to cancel online subscriptions and banned noncompete agreements, which stop workers from taking a job with a rival employer.The backlash from the business world and its Washington allies has been fierce — and it ramped up before the vote.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      From AI to Musk’s Brain Chip, the F.D.A.’s Device Unit Faces Rapid Change

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      The new director overseeing medical devices will confront criticisms about hasty approvals as she ushers in revolutionary technology.There are now artificial intelligence programs that scan M.R.I.s for signs of cancer, Apple AirPods that work as hearing aids and devices that decode the electrical blips of the brain to restore speech to those who have lost it.Medical device technology is now deeply entrenched in many patients’ health care and can have a stunning impact on their lives. As advancements become more tangible to millions of Americans, regulation of the devices has commanded increasing attention at the Food and Drug Administration.Dr. Michelle Tarver, a 15-year-veteran of the agency, is stepping into that spotlight at a critical time. She is taking the reins of the F.D.A.’s device division from Dr. Jeffrey Shuren, who forged deep ties with the device industry, sped up the pace of approvals and made the agency more approachable to companies. Some of those device makers were represented by Dr. Shuren’s wife and her law firm, posing ethical conflicts for him that continue to draw scrutiny.Dr. Michelle Tarver, an ophthalmologist and a 15-year veteran of the F.D.A.’s medical device division.U.S. Food and Drug AdministrationMore broadly, congressional lawmakers and consumer advocates have become increasingly concerned about the device industry’s influence over the sprawling division, which has a budget of about $790 million and a staff of 2,500. Device safety and standards for agency approvals of products as intimate as heart valves or neural implants will be at the forefront of the division’s mission in the coming years. Among the issues Dr. Tarver will encounter:Brains, computers and Elon MuskFew devices will require such intense oversight as one of the most breathtaking technologies in development: brain-computer interfaces that dip into the surface layers of the brain to decode its electrical noise — and return function to people who have lost it.Researchers from a number of teams have demonstrated the capability to restore the voice and speech of a California man with ALS, to enable a paralyzed man to walk and to help a man who is paralyzed below the neck to play Mario Kart by simply thinking about steering left or right.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Why a Memphis Community Is Fighting Elon Musk’s Supercomputer

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      Residents say Mr. Musk’s data center for artificial intelligence is compounding their pollution burden and adding stress on the local electrical grid.Elon Musk, the world’s richest man, is building what he says will be the world’s largest supercomputer. Its electricity needs will rival those of 100,000 homes.The supercomputer’s neighbors in southwest Memphis have a problem with that.The project, part of Mr. Musk’s xAI artificial intelligence business, sits in an old manufacturing plant on more than 550 acres. Before beginning operations there in July, xAI rolled in flatbed trucks loaded with almost 20 mobile power plants, fueled by natural gas, to help meet its electricity demands.Residents of the heavily industrial community — already home to an oil refinery, a steel mill and chemical plants — see no upside. They contend that Mr. Musk’s project has made pollution worse in an area already enveloped in smog.“We’re getting more and more days a year where it is unhealthy for us to go outside,” said KeShaun Pearson, president of Memphis Community Against Pollution and a lifelong resident of the area near the xAI site.The xAI supercomputer center in Memphis is being built at the site of a former appliance factory.Whitten Sabbatini for The New York TimesThe center is to be used to train artificial intelligence models on thousands of powerful computer servers.Whitten Sabbatini for The New York TimesSo far, xAI is using the Memphis facility to develop its artificial intelligence models on a network of thousands of high-powered computer servers. Some of its models are trained on data from Mr. Musk’s social media platform, X.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How a Tiny Panel, Up for Election, Could Steer Arizona Away From Clean Power

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      The vote, in a sunny state with huge solar potential, reflects a growing nationwide fight over America’s energy transition.As Arizona voters go the polls, they have more control over their state’s power plants and climate policies than they might realize.This year three of the five seats are up for grabs on the Arizona Corporation Commission, which regulates electric utilities. The commission has authority over how electricity is generated, among other things, and what customers pay.In recent years, it has taken steps toward rolling back a clean-energy mandate passed by a previous Republican-led board. It has also made it harder to build community solar in a state renowned for its sunniness, its critics say, and easier to build new fossil-fuel-burning power plants.These boards exist in states nationwide, and while most are appointed, similarly contentious races playing out in states like Louisiana and Montana, where they’re debating the future of coal power, which is particularly dirty, and what role natural gas, another fossil fuel, should have.“It’s a fourth branch of government that nobody knows about who’s in your pocket every day,” said Robert Burns, a Republican who served on Arizona’s commission for eight years.Starting two decades ago, the Republican-controlled commission had encouraged a transition to renewable energy based on simple economics: Renewables were getting cheaper than fossil fuels. It initially required utilities it regulates to become 15-percent renewable by 2025 and later, during Mr. Burns’s tenure, he sought to eliminate greenhouse-gas emissions from power plants by 2050.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      ‘No Smoking’ Sign on Planes Won’t Need Off Switch After FAA Rule Change

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      The Federal Aviation Administration did away with a rule that had required an off switch for the sign even though smoking on U.S. flights ended years ago.The days of airplane cabins hazy with cigarette smoke are long gone, but a reminder of that era is still visible inside commercial jets.Smoking has been banned on commercial flights in the United States for decades, but the Federal Aviation Administration is only just updating an outdated rule to reflect that reality. Starting on Tuesday, the illuminated overhead “No Smoking” sign no longer requires an off switch.That obsolete requirement had become “time-consuming and burdensome” for airlines and airplane manufacturers to comply with, the F.A.A. said in a rule enacting the change. In February, for example, United Airlines was briefly unable to use a handful of new Airbus planes because the “No Smoking” signs on board couldn’t be shut off, causing the airline to delay a few flights. The issue was resolved after the F.A.A. granted United an exemption.Dozens of such exemptions have allowed that requirement to live on while the agency focused on more pressing matters. But the long life of the mandate also reflects how entangled smoking once was with commercial flights, which began in the 1910s.“The rise of aviation literally parallels the rise of the cigarette,” said Alan Blum, the director of the University of Alabama’s Center for the Study of Tobacco and Society.Pipes, cigars and chewing tobacco were once more popular than cigarettes, but that began to change in the early 20th century, according to Dr. Blum. During World War I, cigarettes were added to rations for American soldiers fighting abroad.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      American Business Cannot Afford to Risk Another Trump Presidency

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      Throughout American history, business leaders have been able to assume that an American president of either party would uphold the rule of law, defend property rights and respect the independence of the courts. Implicit in that assumption is a fundamental belief that the country’s ethos meant their enterprises and the U.S. economy could thrive, no matter who won. They could keep their distance from the rough-and-tumble of campaign politics. No matter who won, they could pursue long-term plans and investments with confidence in America’s political stability.In this election, American business leaders cannot afford to stand passive and silent.Donald Trump and his Democratic opponent, Vice President Kamala Harris, have sketched out versions of their parties’ traditional positions on issues like taxation, trade and regulation that are well within the give-and-take of politics. In this election, however, stability itself is also at stake.Mr. Trump denies the legitimacy of elections, defies constitutional limits on presidential power and boasts of plans to punish his enemies. And in these attacks on America’s democracy, he is also attacking the foundations of American prosperity. Voting on narrow policy concerns would reflect a catastrophically nearsighted view of the interests of American business.Some prominent corporate leaders — including Elon Musk, a founder of Tesla; the investors David Sacks and Bill Ackman; and the financier Stephen Schwarzman — have been supportive of Mr. Trump’s candidacy. Beyond pure cynicism, it’s nearly impossible to understand why.Business leaders, of course, may be skeptical of Ms. Harris’s policies, uneasy because they don’t feel they know enough about how she would govern or worried that she may not be open to hearing their concerns — a frequent criticism of the Biden administration. They may be reluctant to offend or alienate employees, customers or suppliers who have different political views. Most of all, they may be afraid of angering Mr. Trump, who has a long track record of using the levers of power to reward loyalty.They should be more afraid of the consequences if he prevails.This week Donald Trump provided a stark reminder that this election is different. In remarks that ought to alarm any American committed to the survival of our democratic experiment, the Republican nominee again refused to commit to accepting the results of the 2024 election. That comes on the heels of remarks in which he declared that he regards his political opponents as an “enemy from within” and that he would consider deploying the military against them merely for opposing his bid for the presidency. The implication is that participation in the democratic process is treason, and the threat is a fresh indication that if he is elected to a second term, Mr. Trump intends to deploy government power in new and dangerous ways.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More