Mar 8, 2017

Samsung considers 500 new jobs, $300m U.S. investment

Ahn Young-joon / AP

Samsung is planning to invest around $300 million in expanding its U.S. production facilities, and is in talks with at least 5 states to make this happen, reports the WSJ. The company will also shift some production of oven ranges to the U.S. from Mexico, a move which could generate around 500 jobs.

The South-Korean based company has had initial discussions with Alabama, Georgia, North Carolina, Ohio and South Carolina. Among those, South Carolina seems to be the leading contender, with Samsung expressing interest in a facility around Blythewood, S.C.

The move comes as Trump has increasingly sought to lure manufacturing companies to keep their plants and jobs in the U.S., while threatening those who leave with potential penalties, such as a border tax. But note that talks are continuing and no final decisions have been made, so the details may change.

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In photos: India says "Namaste Trump" as president arrives for visit

India's Prime Minister Narendra Modi embraces President Trump upon his arrival at Sardar Vallabhbhai Patel International Airport in Ahmedabad on Monday. Photo: Mandel Ngan/AFP via Getty Images

President Trump arrived with members of the U.S. first family at Sardar Vallabhbhai International Airport in Ahmedabad, India, Monday for a two-day visit, local media footage shows.

Why it matters: The countries are forging deeper ties as India’s location, size and economic growth making it the "obvious counterweight to China" for American policymakers, per Axios' Dave Lawler and Zachary Basu. Prime Minister Narendra Modi is demonstrating the importance of the visit by holding a massive "Namaste Trump Rally" at the world's largest cricket stadium in Ahmedabad, northwest India.

Go deeperArrowUpdated 36 mins ago - World

Concern over coronavirus spread: Italy, South Korea and Iran report more cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The number of novel coronavirus cases in South Korea, Italy and Iran jumped on Sunday as infections in mainland China continued to grow, the latest figures show.

The big picture: As South Korea and Italy stepped up emergency measures amid rising case numbers, World Health Organization officials expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,619 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

Go deeperArrowUpdated 3 hours ago - Health

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Go deeperArrowUpdated 4 hours ago - Politics & Policy