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AP source: US agency allows formal Biden transition to begin

WASHINGTON — The General Services Administration has ascertained that President-elect Joe Biden is the “apparent winner” of the Nov. 3 election, clearing the way for the start of the transition from President Donald Trump’s administration.An official said Administrator Emily Murphy made the determination after Trump efforts to subvert the vote failed across battleground states, most recently in Michigan, which certified Biden’s victory Monday.The move clears the way for Biden aides to begin co-ordinating with federal agencies on plans for takeover on Jan. 20.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Pressure is increasing on President Donald Trump’s administration to authorize a formal transition process for President-elect Joe Biden as an increasing number of Republicans, national security experts and business leaders say it is time for that process to move forward.Retiring Tennessee Sen. Lamar Alexander, who has repeatedly called for the transition to begin, released a new statement Monday saying that Trump should “put the country first” and help Biden’s administration succeed.“When you are in public life, people remember the last thing you do,” Alexander said.Republican Sen. Rob Portman of Ohio on Monday called for the head of the General Services Administration to release money and staffing needed for the transition. Portman, a senior member of the Senate Homeland Security and Governmental Affairs Committee, also said Biden should receive high-level briefings on national security and the coronavirus vaccine distribution plan.Alexander and Portman, who have both aligned themselves with Trump, joined a growing number of Republican officials who in recent days have urged Trump to begin the transition immediately. Sen. Shelley Moore Capito, R-W.Va., also urged a smooth transition, saying in a statement Monday that “at some point, the 2020 election must end.”Meanwhile, more than 160 business leaders asked GSA chief Emily Murphy to immediately acknowledge Biden as president-elect and begin the transition to a new administration. “Withholding resources and vital information from an incoming administration puts the public and economic health and security of America at risk,” the business letters said in an open letter to Murphy.Separately, more than 100 Republican former national security officials — including former Homeland Security Director Tom Ridge, former CIA Director Michael Hayden and former Director of National Intelligence John Negroponte — said in a statement that Trump’s refusal to concede and allow for an orderly transition “constitutes a serious threat” to America’s democratic process. The officials signing the letter worked under four Republican presidents, including Trump.The statement called on “Republican leaders — especially those in Congress — to publicly demand that President Trump cease his anti-democratic assault on the integrity of the presidential election.”The parade of daily statements from Republicans who are gently urging Trump to concede and move on comes as Murphy, whom he appointed, has yet to certify Biden as the winner of the presidential election, stalling the process of officially launching the transition. Trump has publicly refused to accept defeat and has launched a series of losing court battles across the country making baseless claims of widespread voter fraud and seeking to overturn the election results.Murphy missed a deadline on Monday set by House Democrats to brief lawmakers about the delay in beginning the transition, which is usually a routine step between the election and the inauguration. A spokeswoman for the GSA said that a deputy administrator would instead hold two separate briefings for House and Senate committees on Nov. 30.In response, the Democratic chairs of four committees and subcommittees said they could reschedule the meeting for Tuesday, but no later.“We cannot wait yet another week to obtain basic information about your refusal to make the ascertainment determination,” the Democrats said in a letter to Murphy. “Every additional day that is wasted is a day that the safety, health, and well-being of the American people is imperiled as the incoming Biden-Harris administration is blocked from fully preparing for the coronavirus pandemic, our nation’s dire economic crisis, and our national security.”Portman said it was “only prudent” for GSA to begin the transition process immediately.”Donald Trump is our president until Jan. 20, 2021, but in the likely event that Joe Biden becomes our next president, it is in the national interest that the transition is seamless and that America is ready on Day One of a new administration for the challenges we face,” Portman wrote in an op-ed calling for the transition to begin.When Murphy ascertains that Biden won, it will free up money for the transition and clear the way for Biden’s team to begin placing transition personnel at federal agencies. Trump administration officials also say they will not give Biden the classified presidential daily briefing on intelligence matters until the GSA makes the ascertainment official.Among those signing the letter from business leaders were Jon Gray, president of the Blackstone private equity firm; Robert Bakish, president and CEO of ViacomCBS Inc.; Henry Kravis, the co-chief executive of Kohlberg Kravis Roberts & Co., another private equity giant; David Solomon, CEO at Goldman Sachs; and George H. Walker, CEO of the investment firm Neuberger Berman and a second cousin to former President George W. Bush.The renewed calls for an official transition came as Biden is building out his administration with key picks for national security and foreign policy roles. Former Secretary of State John Kerry will lead the incoming administration’s effort to combat climate change, while Alejandro Mayorkas will be nominated as homeland security secretary.Biden also plans to nominate veteran diplomat Antony Blinken as his secretary of state..Matthew Daly And Mary Clare Jalonick, The Associated Press

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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