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In today’s DP Alert short video we discuss the key support levels for Gold as it has likely begun a longer-term correction. We also take a look at Gold Miners under the hood! Charts and commentary are taken from our subscriber-only DP Alert publication. Subscribe now and try us out for 2 weeks using coupon code: DPTRIAL2.



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Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.


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In this exclusive StockCharts video, Joe explains how to use an 18 simple moving average in multiple timeframes to identify when a stock has confluence amongst 2-3 timeframes. He shows how to start with the higher timeframes first, before working down to the lower ones. Joe then covers the shifts that are taking place in the sectors; in addition, he shows a nice feature in StockChartsACP that can help zero you in on new emerging strength. Finally, he goes through the symbol requests that came through this week.

This video was originally published on November 13, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Just a week after former President Trump won back the presidency, the new administration is quickly forming, and Robert F. Kennedy, Jr. is asking ordinary Americans to make suggestions about what policies and people should be put in place.

To facilitate this, close Kennedy allies launched a website called ‘Policies for the People’ that allows people to nominate, suggest and vote for the leaders and policies they want to see coming from the Trump White House.

Amaryllis Fox, who served as campaign director for Kennedy’s 2024 presidential run, posted on X that ‘President Trump and RFK want your policy proposals,’ adding that ‘the MAGA x MAHA [Make America Healthy Again] transition team belongs to YOU.’

The website says that the suggestions will help fill the over 4,000 appointments across the entire executive branch.

‘President Trump has asked Bobby [Kennedy] to help ‘drain the swamp’ by giving him an influential leadership role on his transition team,’ a post on the website says. ‘But Bobby cannot do this alone, so he is now turning to the wisdom and expertise of his supporters – and the larger community.’

‘Unlike the backroom deals of past presidents, the MAGA/MAHA [Make America Healthy Again] transition team will draw directly from the input of we, the people,’ another part of the website says.

There are a dozen categories on the website ranging from ‘America’s health’ to education, the economy and the environment. Anyone can register on the site and suggest a policy or person for an executive branch role. Nominees who receive more votes from users are pushed to the top of the suggested list.

So far, over 70,500 people have registered on the site and there have been nearly 10,500 policy suggestions. Nominee suggestions for the new administration range from the Department of Defense to national intelligence to health.

Mark Gorton, a New York-based executive and Kennedy ally, is one of the driving forces behind the website. He explained to Fox News Digital that the intention of the Policies for the People platform is to create a way for Americans to become more involved with the political decision-making process beyond just voting.

Gorton believes that the platform has the potential to help not only the Trump administration, but could also be used by state and local governments to better understand the concerns of their citizens.

‘Previously, we had a system where most of the interaction with government came from lobbyists and most of the bills in Congress, large parts of them or all of them, are written by lobbyists,’ he said. ‘So, the idea is that this would be a crowdsource tool for people in government so that they don’t just have to rely on the lobbyists.’

While the Policies for the People platform includes many policy categories, Gorton said that, like Kennedy, his focus is primarily on health policy. He chaired the ‘American Values’ political action committee that supported Kennedy’s presidential run until Kennedy dropped out to endorse Trump in August. He shares many of the same concerns as Kennedy about corruption within government agencies such as the Food and Drug Administration (FDA) and the Centers for Disease Control and Prevention, which he believes have significant conflicts of interest with the companies they are supposed to regulate.

‘We tell people, ‘If you vote, you’ve done your job.’ I think in a world that, you know, with a much healthier democracy, you have a more active, engaged citizenry who is not just voting, but is also involved in, you know, oversight in very targeted ways,’ he said. ‘You can have systems that are different and that aren’t riddled with conflicts of interest and really insiders versus outsiders.’

While Gorton said that ‘taking back control of the health regulatory agencies and making them work for the American people’ is a good slogan, he believes that the Policies for the People platform can help to actually accomplish that goal.

‘It’s one thing to say a high-level slogan like that. It’s another thing to go piece by piece into the guts of each of these agencies and, you know, go through the minutia of what it takes to fix the system. And that’s exactly where this large, crowdsourced pool of energy can help with that,’ he said.

The Policies for the People platform is also receiving approval from long-time health advisers in Republican circles. Avik Roy, a seasoned Republican health policy adviser, told Fox News Digital that he thinks the Policies for the People platform is a ‘terrific idea.’

‘Oftentimes these transitions can be very insider affairs,’ he explained. ‘So, the more you can democratize that and make it easy for highly qualified people who are not plugged into Washington already, I think that’s terrific.’

When it comes to health in the U.S., Roy said that his biggest concern is FDA regulation making innovation much more difficult and, by extension, much more expensive for Americans to get treatments and medicine.

But to Dr. Charles Fagenholz, a holistic health practitioner who has been nominated on the platform for a health advisory role, the problem goes even deeper. Fagenholz, who runs a popular online health forum called ‘In The Trenches,’ is one of the top nominees on the site. He told Fox News Digital that he believes the changes being discussed by Trump and Kennedy are seriously needed and will have a massive impact on American health and on ending things like chronic disease as well as ADHD and learning deficit disorders among children.   

‘We’re the most advanced medical society ever in the history of this planet, and we’re the sickest country. That is obscene,’ he said.

Though Fagenholz believes there is much that people can do on an individual level to improve their health, such as buying organic groceries, drinking spring water and exercising, he said that ‘we do need a massive change at the government level.’

He agrees with Kennedy that there is massive corruption within government agencies, such as the FDA, and believes that the No. 1 issue affecting Americans’ health is the American food supply, which he said is full of harmful chemicals and pesticides.

‘The foods that people are eating are toxic, and these administrations or three-letter agencies, as you call them, are a big reason why they’re so toxic,’ Fagenholz said. ‘Taking something like high fructose corn syrup or artificial sweeteners and dyes, things like that, out of our food and make food real again is probably going to be the biggest bang for our buck as a country in health.’

If asked, Fagenholz said that he would be happy to advise the new administration on health policy. The way he sees it is that ‘we have four years to get as much done as possible, and so that’s full steam ahead.’ 


This post appeared first on FOX NEWS

House Republicans have chosen a fellow member to replace GOP Conference Chair Elise Stefanik, R-N.Y., in their party’s leadership ranks.

Rep. Lisa McClain, R-Mich., was elected House GOP Conference Chair on Wednesday evening, the No. 4 leadership position for Republicans in the chamber.

She was the favorite to win the internal race against Rep. Kat Cammack, R-Fla.

McClain is already a lower-level member of leadership, serving as House Republicans’ conference secretary in the 118th Congress.

Cammack’s bid was bolstered by an endorsement from ally Rep. Byron Donalds, R-Fla., and groups like the Log Cabin Republicans and the national Young Republicans organization.

Meanwhile, McClain had support from a wide range of the Republican Conference, from House Freedom Caucus members to rank-and-file national security hawks.

Stefanik was originally intending to run for the job again before accepting President-elect Trump’s nomination to serve as his ambassador to the United Nations.

The conference chair is in charge of overseeing and executing messaging strategy within the House GOP.

It comes as the House GOP unanimously backed Speaker Mike Johnson, R-La., for his job again, two sources in the room told Fox News Digital.

House Majority Leader Steve Scalise, R-La., and House Majority Whip Tom Emmer, R-Minn., were also elected unanimously to return to their roles, sources said.


This post appeared first on FOX NEWS

Special counsel Jack Smith is asking an appeals court to halt his appeal against President-elect Trump for his alleged mishandling of classified and top-secret documents at his Mar-a-Lago estate in Florida.

Smith did the same in the D.C. election interference case last week.

The news comes after Fox News confirmed that Smith will be stepping down before Trump takes office.

This is a developing story. Please check back for updates.


This post appeared first on FOX NEWS

House Republicans have reached an agreement on raising the motion to vacate threshold.

Currently, House GOP Conference rules dictate that just one lawmaker is needed to call for a motion to vacate the chair, which would trigger a chamber-wide vote on removing the speaker.

But the deal, brokered during a meeting hosted by Speaker Mike Johnson, R-La., and involving lawmakers from the ultra-conservative House Freedom Caucus and the pragmatic Main Street Caucus, would raise the one-person threshold to nine.

In exchange, Main Street Caucus members agreed to withdraw several proposed changes to House GOP rules that would have punished Republicans who vote against the will of the majority.

The one-person threshold was part of a deal that ex-Speaker Kevin McCarthy, R-Calif., struck with conservatives in January 2022 in order to win the gavel.

That eventually came back to haunt him when Rep. Matt Gaetz, R-Fla., triggered the vote that ultimately led to his ouster by all House Democrats and eight Republicans in October 2023.

It’s also been a threat over Johnson’s head since he took over for McCarthy.

Rep. Marjorie Taylor Greene, R-Ga., notably triggered a vote to oust Johnson using the same rule in March. Enough House Democrats helped Republicans block the House-wide vote, however, by voting to ‘table’ it indefinitely.

House Freedom Caucus Chairman Andy Harris, R-Md., and Main Street Caucus Chairman Dusty Johnson, R-S.D., confirmed the deal in brief comments to reporters on Wednesday evening.

This started because Dr. Harris reached out this morning. He said, ‘Listen, we’ve got to cut a deal. We need to come together.’ Unity is important,’ Johnson said.

‘We spent more than an hour together. We made good progress. We understood that we had an opportunity to set the motion to vacate at a higher number…the motion to vacate will be set at nine, and in return for getting rid of some amendments that probably would have divided this conference.’

 The Main Street Caucus chair said Harris ‘did a good job of explaining to mainstream leadership why those amendments would have divided the Republican conference.’

Moderate and rank-and-file Republicans have been pushing to raise the threshold since late last year, arguing it would just continue to fuel chaos within the House GOP.

But GOP hardliners insisted it empowered members who were not in House Republican leadership.

A fifth person who spoke with Fox News Digital stressed the deal was tentative, categorizing it as a ‘proposed’ deal and adding, ‘It isn’t over until it is.’

House Republicans are expected to vote on proposed changes to their conference rules on Thursday.

The news comes just after Johnson won a unanimous vote by House Republicans to be their speaker again, two more sources told Fox News Digital.

Conservative critics of Johnson’s handling of foreign aid and government spending had threatened to delay his victory by forcing a secret ballot vote rather than awarding him unanimous consent.

But they appeared to back off from that threat after the meeting, which delayed leadership elections by roughly an hour and a half.

Fox News Digital reached out to Johnson’s office for comment.


This post appeared first on FOX NEWS

Palantir Technologies (PLTR) has occasionally appeared in the Top 10 StockCharts Technical Rank (SCTR) Reports. More recently, it has reached the top 5, making it a stock worth analyzing.

Palantir is a data analytics company that could benefit from the AI boom. On November 4, after reporting better-than-expected quarterly earnings, Palantir’s stock price rose 23% and has continued rising since then. The stock price is up over 250% this year. Given this performance and being added to the S&P 500 in early September, PLTR has a lot of upside potential.

FIGURE 1. PALANTIR IN THIRD PLACE. The stock’s recent price action has made PLTR a contender for a closer look.Image source: StockCharts.com. For educational purposes.

The weekly chart of Palantir stock paints the picture, and the dramatic price rise last week is very clear. After breaking through all resistance levels, the stock price is in a position to navigate uncharted territories. This makes it difficult to forecast Palantir’s stock price, but, given how far the stock price has come, it’s worth keeping an eye on it.

FIGURE 2. WEEKLY CHART OF PALANTIR STOCK. The stock price has broken through all resistance levels and is now in uncharted territory. How much higher can it go?Chart source: StockCharts.com. For educational purposes.

The daily chart (see below) shows that the uptrend is still going strong.

FIGURE 3. PALANTIR STOCK’s UPWARD TREND. The SCTR score has been above 80 since the early stages of the uptrend in the stock price. The relative strength index and full stochastic oscillator are in overbought territory.Chart source: StockCharts.com. For educational purposes.

Palantir is trading above its 15-day exponential moving average (EMA), its relative strength index (RSI) is well above the 70 level, and the full stochastic oscillator shows the stock is in overbought territory. Notice that the SCTR score has been above 80 since June 2024, when PLTR started its ascent. The bull run has been going on for a while, and recent price action shows that this stock has a lot of momentum.

When To Buy PLTR Stock

Palantir stock’s price action after its recent earnings report has been euphoric, so a correction would be healthy. When a stock is trading at its all-time high, it’s difficult to determine how deep a pullback would be. I am currently using the 15-day EMA as a potential support level, although I might have to tighten it depending on how the stock behaves in the next few trading sessions.

There are signs of a pullback surfacing. The red body of the last candlestick bar is the first since its last earnings report. Note the decline in trading volume while prices were rising. These are signs of a price decline, but, if the overall market remains bullish, the price decline may not be deep enough to reach the 15-day EMA. I might shorten it to a 10-day or even a 5-day EMA to use as a support level.

I would enter a long position when the price reverses on increasing volume and hold it until momentum decreases enough to justify exiting it. I would use a trailing stop to exit the position. Since PLTR is an AI-related stock, I would also monitor the performance of other AI stocks. If interest tapers, I would either avoid adding long positions or, if I own the stock, sell at least some of my positions.

The Bottom Line

I’ve added PLTR to my WatchLists ChartList (to organize your ChartLists, use the StockCharts ChartList Framework) and to one of my Dashboard panels to monitor it regularly. I wouldn’t want to miss an opportunity to ride Palantir’s rally.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Not for distribution to U.S. news wire services or for dissemination in the United States or to a U.S. Person.

NextSource Materials Inc. (TSX:NEXT)(OTCQB:NSRCF) (‘NextSource’ or the ‘Company’) announces it has closed a second and final tranche of its previously announced non-brokered private placement offering, issuing an additional 1,360,000 common shares of the Company (‘Shares’) at a price of CAD$0.53 per Share for aggregate gross proceeds of CAD$720,800 (the ‘Offering

These additional net proceeds of the Offering are intended to be used primarily to progress the Company’s strategy of a staged rollout of Battery Anode Facilities (BAF) to produce active anode material for EV batteries. Certain proceeds will also be used at the Molo Mine in connection with Phase 2 expansion, working capital requirements as well as general and administrative expenses.

Finder fees of CAD$36,040 were paid in relation to the Offering.

The Shares will be subject to a hold period in Canada expiring four months and one day from the date hereof.

The Company has obtained conditional approval from the Toronto Stock Exchange (the ‘TSX’) for the listing of all Shares issued pursuant to the Offering. The Offering is subject to receipt of final approval from the TSX.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of Shares for sale in the United States. The Shares offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such Shares may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About NextSource Materials Inc.
NextSource Materials Inc. is a battery materials development company based in Toronto, Canada that is intent on becoming a vertically integrated global supplier of battery materials through the mining and value-added processing of graphite and other minerals.

The Company’s Molo graphite project in Madagascar is one of the largest known and highest-quality graphite resources globally, and the only one with SuperFlake® graphite. The Molo mine has begun production, with Phase 1 mine operations currently being optimized to reach its nameplate production capacity.

The Company is also developing a significant downstream graphite value-add business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers, outside of existing Asian supply chains, in a fully transparent and traceable manner.

NextSource Materials is listed on the Toronto Stock Exchange under the symbol ‘NEXT’ and on the OTCQB under the symbol ‘NSRCF’.

Investors: Brent Nykoliation Executive Vice President +1.416.364.4911 brent@nextsourcematerials.com

Media: Michael Oke/Andy Mills +44 207 321 0000 nextsource@aura-financial.com

CAUTIONARY NOTE
This press release contains statements that may constitute ‘forward-looking information’ or ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements and information are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘potential’, ‘possible’ and other similar words, or statements that certain events or conditions ‘may’, ‘will’, ‘could’, or ‘should’ occur. Forward-looking statements include any statements regarding, among others, the terms and conditions of the Offering, including final approval of the TSX in respect thereof; timing of on-site construction including the processing plant, process improvements and mine plant adjustments as well as production estimates and timing thereof, the rollout of Battery Anode Facilities including the capabilities and the timing thereof. These statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and, in some instances, to differ materially from those anticipated by the Company and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits the Company will derive there from. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Although the forward-looking statements contained in this news release are based on what management believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with them. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.

SOURCE:NextSource Materials Inc.

View the original press release on accesswire.com

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com

President-elect Donald Trump has nominated Sen. Marco Rubio, R-Fla., to serve as his Secretary of State. 

‘It is my Great Honor to announce that Senator Marco Rubio, of Florida, is hereby nominated to be The United States Secretary of State. Marco is a Highly Respected Leader, and a very powerful Voice for Freedom,’ Trump said in a statement. ‘He will be a strong Advocate for our Nation, a true friend to our Allies, and a fearless Warrior who will never back down to our adversaries.’

In a statement, Rubio, 53, said he was ‘honored’ by the trust Trump ‘has placed in me.’

‘As Secretary of State, I will work every day to carry out his foreign policy agenda,’ Rubio wrote on X. ‘Under the leadership of President Trump we will deliver peace through strength and always put the interests of Americans and America above all else.’

‘I look forward to earning the support of my colleagues in the U.S. Senate so the President has his national security and foreign policy team in place when he takes office on January 20,’ he added. 

The son of Cuban exiles, the three-term senator is known on Capitol Hill as a foreign policy hawk who favors maintaining U.S. alliances overseas, including NATO. 

For example, he voted against the $95 billion in U.S. aid to Ukraine and has urged the eastern European nation to negotiate an end to its war with Russia.

However, Rubio, who sits on both the Senate Intelligence Committee and the Foreign Relations Committee, has taken similar positions to Trump on international conflicts, including Israel’s war with Hamas. He has also publicly supported Israel’s right to defend itself. 

In his announcement, Trump described Rubio as ‘a strong Advocate for our nation, a true friend to our allies, and a fearless warrior who will never back down to our adversaries.’

‘I look forward to working with Marco to Make America, and the World, Safe and Great Again!’ he said. 

Speaking to reporters on Wednesday, Rubio called the role a ‘tremendous responsibility.’

‘And the job of the Secretary of State is to execute on foreign policy set by the elected President of the United States, and I hope to have the opportunity to do it if my current colleagues here in the U.S. Senate confirm me,’ he said. 

He was Trump’s rival during his 2016 campaign, where both men sparred during televised debates. Trump sometimes belittled him, sometimes calling him ‘little Marco.’ 

Rubio was previously being considered as a possible running mate by the former president until Republican Ohio Sen. JD Vance was selected. 


This post appeared first on FOX NEWS

President-elect Donald Trump has announced more than a dozen Cabinet picks just a week after he was declared victorious in his race against Vice President Kamala Harris, reflecting his commitment to putting ‘America first,’ the campaign told Fox News Digital. 

‘The American people re-elected President Trump by a resounding margin, giving him a mandate to implement the promises he made on the campaign trail — and his Cabinet picks reflect his priority to put America First. President Trump will continue to appoint highly qualified men and women who have the talent, experience and necessary skill sets to Make America Great Again,’ Trump-Vance transition spokeswoman Karoline Leavitt told Fox News Digital when asked about Trump’s speedy roll-out of Cabinet picks. 

Trump sailed to victory last week after securing electoral votes from toss-up states such as Pennsylvania and Georgia. All in, he earned 312 electoral votes — sweeping all seven of the battleground states — and won the popular vote. 

‘America first’ and ‘Make America Great Again’ were hallmarks of Trump’s campaign, including during his historic rally at Madison Square Garden in Manhattan last month.

‘We stand on the verge of the four greatest years in the history of the U.S.A. With your help from now until Election Day, we will restore America’s promise. We will put America first, and we will take back the nation that we all love,’ he said at MSG. ‘We bleed the same blood. We share the same home, and we salute the same great American flag. We are one people, one family and one glorious nation under God. We will never give in. We will never give up. We will never ever back down, and we will never, ever, ever surrender. Together, we will fight, fight, fight, and we will win, win, win.’

Shortly after his win at the ballot box, Trump began rolling out his picks for his Cabinet. As of Wednesday afternoon, Trump has announced 17 names for his administration, including Susie Wiles as his chief of staff, longtime ally Dan Scavino as his deputy chief of staff and Fox News co-host Pete Hegseth as secretary of defense.

Trump has announced the picks via emails to the media and supporters, coming at a faster pace than in 2016, when he was elected to his first term in the Oval Office, Fox News Digital found earlier this week.  

Trump announced on Nov. 11, for example, that New York Rep. Elise Stefanik will serve as U.S. ambassador to the United Nations. During the 2016 transition cycle, Trump announced then-Gov. Nikki Haley of South Carolina would fill that same role on Nov. 23. Haley went on to run unsuccessfully in 2024 for the GOP presidential nomination.

He also tapped Rep. Mike Waltz, R-Fla., to serve as his national security adviser, announcing that pick on Tuesday, about three days ahead of his announcement for the same role in 2016, when he chose former Army Gen. Mike Flynn for the position about 10 days after Election Day. 

Trump also announced he chose former New York Republican Rep. Lee Zeldin to lead the Environmental Protection Agency, a pick Trump didn’t make until Dec. 7, 2016, when he tapped Scott Pruitt to serve in the role.

Trump’s first pick for his administration, Susie Wiles for chief of staff, was announced the day after the election, while his 2016 announcement of Reince Priebus as chief of staff was made five days after the election. 

‘Susie is tough, smart, innovative, and is universally admired and respected. Susie will continue to work tirelessly to Make America Great Again. It is a well deserved honor to have Susie as the first-ever female Chief of Staff in United States history. I have no doubt that she will make our country proud,’ Trump said after the selection of Wiles.

Trump briefly traveled to Washington, D.C., Wednesday, where he met with congressional Republicans and then went to the White House for a meeting with President Biden before heading back home to Florida.

‘I look forward… to having a smooth transition. We’ll do everything we can to make sure you’re accommodated, what you need,’ Biden said during a short portion of the meeting when reporters were granted access to the Oval Office. 

Trump added that ‘politics is tough, and in many cases it’s not a very nice world, but it is a nice world today.’

‘I appreciate very much the transition that’s so smooth. It will be as smooth as it can get, and I very much appreciate that,’ Trump continued.

Trump was joined by high-profile officials on his transition team and upcoming administration, including Wiles and tech billionaire Elon Musk. 

Musk endorsed Trump over the summer and soon began campaigning for him, most notably in the key battleground state of Pennsylvania. Trump announced on Tuesday evening that Musk and former GOP presidential candidate Vivek Ramaswamy will lead a new task force he is calling the Department of Government Efficiency. 

‘I am pleased to announce that the Great Elon Musk, working in conjunction with American Patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (‘DOGE’). Together, these two wonderful Americans will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies – Essential to the ‘Save America’ Movement,’ Trump said in his announcement. 

‘It will become, potentially, ‘The Manhattan Project’ of our time. Republican politicians have dreamed about the objectives of ‘DOGE’ for a very long time. To drive this kind of drastic change, the Department of Government Efficiency will provide advice and guidance from outside of Government, and will partner with the White House and Office of Management & Budget to drive large scale structural reform, and create an entrepreneurial approach to Government never seen before,’ the announcement continued. 

Trump is expected to continue quickly announcing his Cabinet picks as he continues establishing his administration ahead of Jan. 20. Trump had pledged throughout the campaign to ‘make America great again’ for voters of all political stripes, putting emphasis on gutting some federal agencies and even dismantling them altogether, such as the Department of Education. 

Fox News’ Michael Lee, Brooke Singman and Paul Steinhauser contributed to this report. 


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