Russian President Vladimir Putin is hosting U.S. President Donald Trump’s special envoy Steve Witkoff for talks, days before the White House’s deadline for Russia to reach a peace deal with Ukraine or potentially face severe economic penalties that could also hit countries buying its oil.The Kremlin did not immediately provide more details of Wednesday's meeting. Earlier talks between Russia and Ukraine, and Russian and U.S. officials, made no progress on ending the three-year war following Russia’s invasion of its neighbor. And Trump ordered an additional 25% tariff on imports from India on Wednesday as punishment for buying Russian oil.
The Kremlin says Russian President Vladimir Putin is holding talks with U.S. President Donald Trump’s special envoy Steve Witkoff, days before the White House’s deadline for Russia to reach a peace deal with Ukraine or potentially face severe economic penalties that could also hit countries buying its oil. Witkoff was seen earlier Wednesday taking a stroll with Kirill Dmitriev, the Russian president's envoy for investment and economic cooperation. Trump's deadline for Putin ends on Friday. Washington has threatened severe tariffs and other penalties if the conflict in Ukraine continues.
A new federal rule would make it easier for companies to use drones over longer distances out of sight of the operator without having to go through a cumbersome waiver process. The federal government had already approved 657 waivers to allow companies to do this, but the waiver process made it difficult. The industry has long pressed for this rule because being able to operate drones out of sight opens up a multitude of possibilities for their use. Being able to do this enables more use of drones for deliveries, inspecting infrastructure like bridges and power lines and other uses in agriculture over thousands of acres on large farms.
President Trump says he’s reviewing four candidates as a possible successor to Fed Chairman Jerome Powell. The president said he has narrowed the field of potential Fed chair candidates to four and that Treasury Secretary Scott Bessent is not on the list. He told CNBC that Bessent has taken himself out of contention. Jerome Powell, whose Fed term ends next May, has been brutally ridiculed by Donald Trump for not lowering interest rates. The president nominated Powell for the Fed job during his first administration in 2017.
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