Kudlow Confirmed as White House Top Economic Adviser
President Trump picks CNBC contributor Larry Kudlow to succeed Gary Cohn as top economic adviser. Kudlow says the economy will roar and notes tax cuts already signed into law. He will join a White House undergoing staff departures amid tariff and trade policy debates.
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San Francisco creates rare marijuana lounge model
San Francisco leads as the Barbary Coast Dispensary opens a cannabis smoking lounge with Amsterdam like style. California allows lounges but permits bans. West Hollywood Alameda Oakland and South Lake Tahoe follow with licenses while Massachusetts evaluates social use sites amid driver safety concerns.
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Disney realigns to focus on digital markets and streaming
Walt Disney Co announces a major restructuring to merge its international media and streaming operations into a single unit and combine consumer products with Parks and Resorts. The plan adds a direct to consumer and international division led by Kevin Mayer and aims to support ESPN streaming and a Disney branded service while Hulu remains a key asset. The overhaul aligns with rapid digital变化 reshaping Hollywood as Disney prepares new services and a Fox acquisition.
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Bank reform bill targets Wall Street while aiding small banks
The proposed legislation would exempt large banks from Dodd- Frank rules and grant Fed regulators more flexibility, while expanding consumer protections after Equifax. It also offers immunity to credit bureaus for active duty service members and could ease mortgage scoring for Fannie Mae and Freddie Mac. The CBO warns of a $671 million deficit rise over ten years amid uncertainty.
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