Ballot Measures, Elon's Feud, and Ford Pulls Back

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Good morning. It's Thursday, Nov. 23, and we're covering Biden’s fentanyl gaffe, Ford scaling back, NFL power rankings, and much more. First time reading? Sign up here.

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Breaking Updates

Biden Makes Huge Gaffe on Fentanyl, WH Rushes to Clean Up as He Flees for More Vacation

Joe Biden had only one event scheduled -- to discuss the "progress" his administration was making in regard to dealing with the massive fentanyl problem…

Biden also made another huge gaffe that had the White House rushing to clean up. During his earlier remarks about the drug, he said he was calling on Congress to make it a "Schedule 1 drug." Doing that would cause it to be unable to be used for the legitimate medical uses it is employed for now…

Biden administration officials clarified to The Post that he was not actually calling for a ban on fentanyl, but for Congress to make permanent a 2018 emergency action that declared fentanyl-related substances as Schedule I drugs.

Once Biden was done with his fentanyl event, then he was off to the plane, bound for Nantucket, for still more days of vacation…

His schedule for the vacation is basically empty. If you are just dialing in your job, and take 40 percent of the time on vacation, why would anyone retain you for that job?

Read more updates here

Ford Motor Company Pulls Back on Its Commitment to Electric Vehicles

Seems that that since Ford Motor settled with the United Auto Workers a couple of weeks ago, their enthusiasm for switching to an all-electric vehicle fleet by 2035 has waned a bit.

The Ford Motor Company announced Monday that it is pausing construction on a massive electric battery plant in Michigan that involved a Chinese EV battery company. Notably, the plan had been originally considered for Virginia, but Gov. Glenn Youngkin opposed it due to China's potential influence in the plan, arguing that "CATL and the Chinese Communist Party would have full operational control over the technology."

It’s not clear why Ford got cold feet…

Ford said in a statement to FOX Business that work on the factory had been paused and spending would be limited, but declined to pinpoint the exact considerations that factored into the decision. The Detroit-based company also said it hadn't made a final decision about the project despite repeatedly defending it for months.

Now that the dust from the strike has settled, the new plan is that they will scale the project back by almost half of what they originally planned.

Now that the election is officially less than a year away, automotive company execs need to look at the long game of 10, 15, or 20 years down the road mixed in with what the current atmosphere is.

Read more updates here

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