Pics du jour

🏛️ President-elect Trump continues to fill out his new Cabinet. Rep. Matt Gaetz (R-FL), a controversial congressional figure, was selected as Attorney General. Tulsi Gabbard, a former congressional Democrat who later joined the GOP, was tapped as Director of National Intelligence. Sen. Marco Rubio (R-FL) was officially nominated to serve as Secretary of State. John Ratcliffe, Trump’s former director of national intelligence, was chosen for CIA Director. Trump also tapped Elon Musk and Vivek Ramaswamy to lead a new Department of Government Efficiency (DOGE), which will work outside the government to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” per Trump.

📈 Annual US inflation stood at 2.6% last month, per the October CPI. That’s in line with analysts' expectations but up from 2.4% in September, with roughly half of the increase attributed to rising shelter prices. On a monthly basis, the CPI rose 0.2% in October. Core inflation, which excludes often-volatile food and energy prices, rose 0.3% for the month and 3.3% annually. Despite the monthly uptick in prices, the Fed is still widely expected to cut US interest rates for a third straight time following its next meeting in December.

📝 NCAA eligibility rules could soon change. Vanderbilt QB Diego Pavia has sued the NCAA, alleging the organization's bylaws that reduce the number of seasons junior college players can compete at D1 schools are unlawful and restrict players' ability to earn money off their name, image, and likeness. The lawsuit also takes issue with the NCAA's redshirt rule and four-year eligibility limit. The goal? Pavia is seeking an injunction that will grant him two more years of eligibility, effectively replacing his time at junior college. Moving forward, the ruling could impact how athletes approach NCAA athletics – and potentially open the door for the King of JUCO to make a comeback.