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Bridging the gaps: Expanding access to primary and mental health care across America

Marathon Health recently convened a series of roundtable discussions to explore how employers, health care providers, and policymakers can partner to expand access to primary care. Much of the conversation focused on one of today’s greatest challenges: meeting the growing demand for mental health support.

Participants also discussed the ways can help bridge care gaps and how integrating mental and physical health within primary care creates a stronger foundation for whole-person well-being.

Tackling the social determinants of health: “-to-pipette” model

In Richmond, Virginia, leaders across health care, business, and public service came together to discuss how to strengthen mental and physical health for employees and families.

The speaker session featured Danny Avula, MD, Mayor of the City of Richmond and Robert Winn, MD Director and Lipman Chair, VCU Massey Cancer Center. Mayor Avula is the 81st Mayor, pediatrician, and public health professional. Dr. Wynn is an accomplished oncologist and researcher in cancer outcomes. These two physicians have taken the knowledge and experience of treating one patient at a time and applied it to improving societal outcomes.

As the Mayor progressed in his career, he learned to think more holistically about whole health and population health—that an individual’s health includes physical, mental, and spiritual well-being. At a community or population level, that includes the context people are living in such as the environment, the opportunities available to them, and the conditions that influence them.

He noted that while about 20% of population-level outcomes relate to healthcare quality, a much larger percentage relates to social determinants such as diet, housing, stability, and income. He said, “I increasingly looked at these social drivers and recognized that to truly improve outcomes you have to be invested in safe, stable, affordable housing, and workforce opportunities.”

Dr. Wynn then shifted gears to introduce a clinical use case. Although most people still think of cancer as an elderly disease, since 2020, the fastest-growing groups of people diagnosed with cancer, spiking in breast and colorectal, are young (19-39) and middle-aged (40-49) adults.

He shared, “The tsunami is tied not just to the science but to the application of that science; the science of health delivery and how it reaches our communities. That’s why some of my heroes are in this room.” He noted, “Legislators, health systems, public health—all coming together.”

Dr. Wynn talked about a “people-to-pipette” model. He continued, “We’re missing the lived experiences of people.” In Virginia, he’s working to align scientific questions and data with real community needs. Not just solving a problem for a person—but for a population. He says, “This community-to-bench model is starting to take shape around the country because it matters.”

Strengthening mental and physical health for employees and families in Richmond

Next, the panel discussion included Nirav Vakharia, MD, Chief Operating Officer at Marathon Health, Jeff Wells, MD, CEO of Marathon Health, Elaine Perry, MD, Director of the Richmond and Henrico County Health Districts, Jesalyn Moore, Licensed Clinical Social Worker (LCSW), Police Wellness Manager at James City County Police Department, and Paulette Giambalvo, Master of Public Health (MPH), Human Resources Division Chief for Benefits and Wellness at the City of Richmond.

Dr. Vakharia began moderating the panel conversation by asking Giambalvo how the city approaches mental health for more than 4,500 employees and their families.

Giambalvo emphasized the importance of truly understanding the needs of a diverse workforce. She explained employees face different challenges depending on their stage of life, whether they’re just starting their careers or juggling work and caregiving responsibilities. By identifying those unique needs first, employers can design services that genuinely support their people and ensure those services reach the employees who need them most.

Just as importantly, she says employers need to communicate mental health benefits to employees in ways that resonate, even if it means going old school.

“We’ve gone back to home mailers,” Giambalvo says. “We actually sent out a home mailer recently where it had every single virtual behavioral health service that was available to our employees, and which ones were available through EAP, and which ones were available through their health insurance.”

Giambalvo explains that through Marathon Health, the city offers employees easy access to a behavioral health provider, an option many staff members use and value. The city is also bringing on a dedicated mental health provider for police and fire personnel to address their unique needs.

She says police officers on average face over 200 critical incidents during their career. This chronic stress puts them at a much higher risk for PTSD and suicide.

Moore adds that many in enforcement are skeptical of EAP programs and other mental health benefits. Her unique role in the James City County Police Department allows her to build trust and introduce mental health resources in a non-threatening way.

“Being embedded within the department is really meaningful, because it allows me to make those relationships,” she says. “I throw a vest on, and I sit in a car for 12 hours sometimes and that’s when they start talking about things, because it’s normalized. I’m able to literally sit beside them in a space where they feel empowered and safe.”

“I also brew a lot of coffee, and I cuss a little bit, so that’s been really effective in breaking that stigma down,” she adds.

Mental health connects to physical health

Wells says employers are already investing in mental health, whether they realize it or not.

“You cannot disentangle physical health from mental health, and the misunderstanding of that fact, I think, actually leads to sub-optimal outcomes,” he says. “The World Health Organization has reported that 70% of all primary care visits globally have some type of mental health issue. Depending on the literature you read, anywhere from 20% to 30% of all emergency room visits have an underlying or coexisting mental health issue.”

Wells explains that many patients experience symptoms like chronic headaches, dizziness, abdominal pain, or chest discomfort that prompt extensive testing and specialist referrals, but no clear diagnosis. Often, with more time and the right questions, providers can uncover underlying mental health concerns that are actually driving those symptoms.

“I think that’s the headline. This is about the system design if we want to solve it,” he says. “You have to meet people where they are. So, when I have a need, make addressing that need as easy and frictionless as possible. Give me the time and the space as a professional to work with an individual to discover what’s going on and help guide me to the right outcome.”

“And the challenge is our current health care system, for the most part, is not at all designed to address those fundamental factors—access is very difficult,” he adds “Often, you’re waiting weeks or months to get the help you need. By then, something worse has happened. You’re in a crisis or you’ve moved on, and then furthermore the whole system is sort of rewarded in a transactional model of quick encounters.”

Technology plays a role, but it’s not for everyone

AI is becoming increasingly popular for mental health support, but Moore cautions employees to use it wisely. She explains if people already distrust the health care system, adding technology can deepen those concerns.

“I think when you’re talking specifically about a safety-sensitive population, you know, who have federal prohibitions around whether or not they can actually do their job and carry a gun and a badge. I think AI has a place, maybe as it relates to notetaking, but I’m not sure it has a place as it relates to their direct care, personally,” she says.

In these situations, Wells explains that integrating mental health services into primary care can help normalize and destigmatize seeking support. He says primary care physicians can make a warm handoff to a mental health counselor, so the process feels like a natural and comfortable part of the care experience.

“That’s another way to make it very low friction and normalized for someone to just be like, ‘Oh, this is just as normal as following up on my blood sugar test or diabetes management.’”

Watch the on-demand recording to learn more about how these innovative leaders are making a difference in their communities and workplaces.

 

Ellucian acquires Anthology division in Chapter 11 process

Reston-based tech company announced it had completed its of ‘s Student Information Systems (SIS) and Enterprise Resource Planning (ERP) business through a bankruptcy process.

Based in Boca Raton, Florida, Anthology is an educational company that provides a wide variety of and services for institutions. In 2021, it merged with , a Washington, D.C.-based founded in 1997, in a deal that valued the combined company at $3 billion.

However, Anthology filed for Chapter 11 bankruptcy on Sept. 29, 2025, in the U.S. Bankruptcy Court for the Southern District of Texas. In November 2025, Ellucian announced it had been named the successful bidder to acquire Anthology’s SIS and ERP business, which includes a platform managing student-related data and academic processes for educational institutions. According to Ellucian, it will gain more than 260 customers through the deal.

The financial terms of the deal were not disclosed, and Ellucian and Anthology did not immediately return requests for comment.

“This acquisition marks an important moment for Ellucian as we extend our vision — to unlock learning for all — to an even broader community of institutions and learners,” Ellucian President and CEO Laura Ipsen said in a statement. “As we welcome Anthology’s SIS and ERP customers and the teams who serve them to Ellucian, we remain focused on continuity, a seamless transition, and empowering learners for a lifetime of education.”

Ellucian said it will continue to deliver and maintain Anthology’s existing SIS and ERP systems. According to its website, customers will see no immediate changes to their services, support or contractual terms.

It was not immediately clear how many employees Ellucian would gain through the acquisition. With 3,800 employees worldwide, Ellucian has an annual revenue approaching $1 billion and works with more than 2,800 customers across 50 countries, serving 20 million students.

Ford reports its best quarter and yearly U.S. sales since 2019

Summary

  • Ford posted a 6% increase in U.S. sales in 2025, its best year since 2019
  • Truck and hybrid sales powered growth as EV sales declined sharply
  • , and Bronco delivered strong gains
  • Ford plans to boost pickup production in 2026 after supply disruptions

reported strong U.S. sales results for the fourth quarter and the full year, crediting the gains to a wide-product lineup offering various trim levels and powertrains to meet a range of customer needs and pocketbooks.

Ford reported on Jan. 6 that it had its best annual sales and fourth quarter performance since 2019. It sold 545,216 vehicles in the fourth quarter, a 2.7% gain over the fourth quarter 2024. For all of 2025, Ford reported its sales rose 6% to 2.2 million vehicles sold. Ford U.S. marketshare for the year inched up 0.6% to 13% of the market.

To break it out, the Ford brand sold 2.1 million vehicles for the year, a 6.2% gain over 2024 and its luxury brand Lincoln also inched up 2% to 106,868 units sold, lead by sales of the all new Navigator SUV. Navigator ended 2025 with sales up 42.8%, its best since 2007 on total sales of 22,185 SUVs.

“What made 2025 so successful for Ford? One, our share growth and beating the overall industry was achieved by offering a great range of total products, from accessible entry level models to high-performance off-roaders and luxury trim lines,” Andrew Frick, president of Ford Blue and Ford Model e, told the media. “Our growth saw record hybrid sales, it really showed the power of choice approach we had by offering our gas hybrid and electric powertrains. That really paid off for us throughout the entire year.”

Ford reported its sales of EVs for the year were 84,113, down 14% from 2024. For the quarter, EV sales plummeted 52% to 14,513 sold after the end of the federal tax incentive on Sept. 30. But sales of hybrid powertrain vehicles rose 22% to 228,072 for the full year, and increased 18% to 55,374 sold in the quarter.

Across town, rival saw sales decline in the quarter as its sales of tanked following the expiration of a federal tax incentive. For the fourth quarter, GM U.S. sales slid by 7% to 703,001 vehicles compared with the previous year’s quarter. For 2025, GM reported its sales rose by 5.5% to 2.8 million units sold.

Stellantis sold 1,260,344 vehicles during 2025 — 3% fewer than it sold in 2024 — though the brand said a positive fourth quarter of sales and its diversification of powertrains are encouraging signs for the automaker and its new leadership. For the quarter, sales rose 4% to 332,321 units sold.

Toyota of North America reported year-end U.S. sales of 2,518,071 vehicles, up 8%. For the fourth quarter, Toyota reported sales of 652,195 vehicles, up 8.1% from the year-ago period.

The strength of trucks

Ford’s sales were largely supported by strong growth with its Maverick compact pickup and the ever-popular F-Series full-sized pickup lineup. Frick calls the Maverick, “America’s most affordable pickup,” saying Ford saw record Maverick sales last year. The 2025 Maverick starts at $28,145.

In the fourth-quarter, Maverick sales were up 54.2% to 34,147 and for the full year up 18.2% to 155,051 sold. Frick said the success Ford has had with Maverick and some other vehicles is due to offering expanded trim levels, a recipe to address the affordability constraints.

“That really had a big impact on how we addressed affordability in the market as we saw a strong expansion of the line, not only in Maverick with the Maverick XL, which is our entry level Maverick, which was up 105% and that’s a trend you’re going to see on many of these vehicle lines,” Frick said.

 

He added that Ford also saw a big uptick in sales for off-road performance trim levels across various vehicles, those include the Raptor, Tremor, Timberline and FX4 trims.

Ford saw sales of its popular Explorer three-row SUV up 14.7% for the year on sales of 222,706 units, and up over 30.6% in the quarter on sales of 61,777 units. For the year, Ford sold 146,007 Bronco SUVs, a 33.7% gain and Frick said the automaker had record sales for Bronco and Bronco Sport, with sales totaling over 280,000 unit up 19.9% over last year.

Production of pickups

Ford experienced some hit to sales of its F-Series in the fourth quarter after two separate fires took down some production at aluminum supplier Novelis’s plant in Oswego, New York, late last year. Ford is its largest customer using the aluminum in the bodies of its trucks. Ford said in October that it will boost its F-Series production volume by more than 50,000 trucks in 2026, ramping up from the first quarter on, to make up for down time caused by an inability to get aluminum. It would do so by adding a third shift of employees at its Dearborn Truck Plant where Ford makes its gasoline- and hybrid-powered F-150.

In the fourth quarter, F-Series sales dipped 3.1% to 208,252 units sold compared to the previous year’s quarter. For the full year, sales rose 8% to 828,832 sold. Frick said Ford is on schedule to start backfilling some lost pickup production from 2025

“We will be shifting our third crew this quarter, we’ve taken action to be doing that and that’s where we’re focusing a lot of our recovery from Novelis after we lost some of the fourth quarter production,” Frick told reporters. “That seems to be on track as of right now.”

Outside of that issue, Frick said Ford had “a really big truck year.”

“Ford sold a total of almost 1.3 million (total) trucks and vans in 2025 making us America’s top truck manufacturer,” Frick said. “No one offers the powertrain choices that Ford offers with our trucks. Our F-Series was up 8.3% on sales of over 828,000 making it America’s best selling truck for 49 consecutive years.”

Ford’s commericial van sales continued to rise with sales of Transit vans up 5.9% to 161,797 units the year.

The road ahead

Part of the F-Series success was due to demand for the F-150 hybrid powertrain, Frick said, which totaled a record of almost 85,000 sold in 2025, a 15% gain over 2024 sales.

Sales of the Ranger midsize pickup rose 53.6% to 70,960 sold for the year with the entry XL trim driving sales.

As for the Escape SUV, which ended production in 2025, Frick said Ford has enough Escape inventory in place to carry into the first quarter, but not much further than that. As Ford sold down that inventory, sales of the Escape ended the year down by 5% to 139,387 sold compared with 2024.

Frick declined to provide an economic or sales outlook for 2026 saying Ford leaders will address that topic when Ford reports its fourth-quarter and annual earnings in February. But he said the company will continue to monitor its overall mix to make sure that “we’re taking advantage of some of the market trends we’re seeing and really meeting customer demand where they want to be purchasing right now.”

He noted that Ford saw growth in the lower trim lines across the Explorer, Ranger and Maverick along with interest in more hybrids, which he anticipates will continue this year.

As for EVs, he said Ford will continue to produce the all-electric Mustang Mach-E, which it builds in Mexico, to match the market demand.

“We have a very strong offering with Maverick and F-150 hybrids,” Frick said, which he expects to continue into 2026. “On F-150, we’ll still how the market continues. We plan to match our production to what the market is going for. So on F-150 we’ll see what that looks like with the natural demand (this) year.”

Jamie L. LaReau is the senior autos writer for USA Today Co. who covers Ford Motor Co. for the Detroit Free Press. Contact Jamie at [email protected]. Follow her on Twitter @jlareauan. To sign up for our autos newsletter. Become a subscriber.

This article originally appeared on Detroit Free Press: Ford reports its best quarter and yearly U.S. sales since 2019

Reporting by Jamie L. LaReau, Detroit Free Press / Detroit Free Press

 

 

Dow hits record, energy stocks end higher after US strikes Venezuela

Jan 5 (Reuters) – Wall Street ended higher on Monday, with surging financial shares helping lift the Dow Jones Industrial Average to an all-time peak, while energy firms jumped after a U.S. military strike captured Venezuelan President Nicolas Maduro.

Investors bet Washington’s move against Venezuela’s leadership would allow U.S. firms access to the world’s largest oil reserves. President Donald Trump’s administration plans to meet with executives from this week to discuss boosting Venezuelan production.

The S&P 500 energy index rose 2.7% to its highest since March 2025, with heavyweights Exxon Mobil and both surging.

Weapons manufacturers also advanced after Washington’s military action. Lockheed Martin and General Dynamics climbed, while the S&P 500 aerospace and defense index rose to a record high.

“Energy stocks are really benefiting from the expectation that President Trump is intending to send them in to do more investment in Venezuela and ultimately make more money for themselves,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management in Seattle.

“The lack of permanent boots on the ground, the fact that we’re not permanently engaged, means the broader equity markets are able to set aside what might have been fears of a prolonged engagement,” Haworth said.

Tesla climbed 3.1% after seven straight sessions of losses. Nvidia dipped 0.4% and Apple declined 1.4%.

The S&P 500 climbed 0.64% to end the session at 6,902.05 points.

The Nasdaq gained 0.69% to 23,395.82 points, while the Dow rose 1.23% to 48,977.18 points. Volume on U.S. exchanges was heavy, with 19.1 billion shares traded, far exceeding the average of 15.9 billion shares over the previous 20 sessions.

The S&P 500 financials index jumped 2.2% as investors looked to upcoming quarterly reports. Analysts on average see S&P 500 financial companies growing their earnings 6.7% year-over-year in the December quarter.

Goldman Sachs and JPMorgan Chase rose more than 3% and hit record highs.

“The mood has been favoring financial stocks in recent days and as look beyond tech, this is a sector many are choosing to look toward,” said Steve Sosnick, chief market analyst at Interactive Brokers.

Wall Street’s main indexes posted double-digit gains in 2025 for the third consecutive year, a run last seen in 2021.

Data showed U.S. manufacturing contracted more than expected in December, extending a 10-month slump.

The spotlight will now be on the monthly nonfarm payrolls on Friday, which could influence the Federal Reserve’s monetary policy in 2026.

Markets are pricing in about 60 basis points of interest rate easing this year, according to LSEG.

Cryptocurrency-linked shares advanced as bitcoin hit a more than three-week high. Strategy, formerly MicroStrategy, climbed almost 5% and Coinbase rallied 7.8%. Goldman Sachs upgraded Coinbase to “buy” from “neutral”.

Advancing issues outnumbered falling ones within the S&P 500 by a 2.1-to-one ratio.

The S&P 500 posted 60 new highs and 11 new lows; the Nasdaq recorded 107 new highs and 49 new lows.

(Reporting by Purvi Agarwal and Nikhil Sharma in Bengaluru, and by Noel Randewich in San Francisco; Editing by Shinjini Ganguli and David Gregorio)

 

In Newport News speech, Hegseth calls for faster delivery of warships

SUMMARY:

  • Defense Secretary called for faster delivery and tougher accountability for defense contractors during a visit to Newport News
  • He said the Trump administration will end cost-plus contracts for delayed programs and emphasize military deterrence
  • The visit underscored efforts to rebuild the U.S. shipbuilding base amid competition from China and plans for a new “Golden Fleet”

Secretary of Defense Pete Hegseth underscored the Trump administration’s push for faster ship delivery, tighter cost discipline and changes in how the Pentagon works with major defense contractors during a speech Monday at .

He spoke for about 20 minutes to a crowd of roughly 300 shipyard workers and sailors in front of the Virginia-class Oklahoma, just days after U.S. forces captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores, an operation Hegseth called an example of restored U.S. “deterrence.”

Maduro and Flores pleaded not guilty Monday in a New York City federal court to narcotics charges, following the Trump administration’s capture of the couple over the weekend, a military action that took members of Congress by surprise and yielded criticism from Democrats, including Virginia’s U.S. Sens. Tim Kaine and Mark Warner, who called for the administration to clarify its intentions in Venezuela.

Despite the international headlines, Hegseth’s speech Monday focused primarily on military readiness, fiscal responsibility and the federal government’s partnership with defense contractors like , ‘ parent company. He also spoke bluntly about “reviving the warrior ethos” in the U.S. military and ending diversity, equity and inclusion initiatives.

Military members’ “sole purpose is to be the most lethal fighting force on the planet,” Hegseth said. “So no more DEI, no more dudes in dresses, no more distractions. We’re done with that shit.”

Hegseth added that “the best equipment, training and leadership” are necessary for the nation’s troops. “You’re seeing historic investments [of] over a trillion dollars in the last budget, you’ll see even more, and it isn’t just in platforms, it is in .”

However, he noted, “the days of cost-plus contracts for programs that are years behind schedule are finished. We will give longer, larger, more predictable contracts to companies that deliver on time and on budget, companies that invest in their people, that invest in more capability and more capacity, not companies that invest in stock buybacks or CEO salaries or more dividends.”

On Dec. 22, 2025, Trump, Hegseth and Secretary of the Navy John Phelan announced their intent to construct a new class of American-designed battleships “that will be the most lethal surface combatant ever constructed,” according to a statement.

An spokesperson confirmed that the company’s Ingalls Shipbuilding division will be involved in the early design and engineering of the USS Defiant, the first in a new class of large surface combatants that the Navy is calling “the golden fleet.” The new ship will be the first guided-missile battleship capable of deploying nuclear and hypersonic missiles. The Navy doesn’t expect construction on the ship to begin until the 2030s.

While Hegseth did not mention the USS Defiant by name during his Newport News speech, he referenced the “golden fleet” and described it as an effort to revitalize the U.S. maritime industrial base. He said the new fleet is “a declaration to the world that our command of the sea is and will remain non-negotiable.”

Hegseth also used the speech to emphasize what he described as a shift away from a reactive military, which he said is why the Trump administration has rebranded the “” to the “,” although Trump’s executive order does not change the department’s legal name.

“Not because we seek war, but because we truly understand that in order to ensure peace, we need to be prepared to deter war and, if necessary, decisively win it,” he said. “Our purpose is not to be reactive, but to be dominant, so that no enemy, any enemy, will ever attempt to challenge the United States of America.”

During the speech, Hegseth emphasized that skilled tradespeople and engineers at Newport News Shipbuilding are essential to the United States’ warfighters.

“We’re holding your leadership accountable,” he told the workers. “We’re holding your leadership’s feet to the fire. Their jobs are on the line to ensure that you can deliver what America needs, that your craftsmanship is unleashed, that you are taken care of, that you are paid properly, that your work is done safely, that we can move at speed and at scale.”

The Trump administration’s emphasis on shipbuilding comes amid concerns about the weakness of the U.S. shipbuilding base compared with competitors like China, which now accounts for more than half of global shipbuilding output and as much as 75% of new ship orders. CNBC reports that outdated infrastructure and workforce shortages are obstacles to expanding production of commercial vessels and Navy ships.

According to the Virginia Economic Development Partnership, Newport News Shipbuilding is one of only two shipyards capable of designing and building nuclear-powered submarines.

Earlier Monday, Hegseth witnessed NNS employees executing serial module production for both Columbia- and Virginia-class submarines, and he toured these submarines at various stages of construction. His visit was part of the administration’s broader “Arsenal of Freedom” tour, which the Trump administration says is “a call to action to revitalize America’s manufacturing might and re-energize the nation’s workforce.”

“Speed matters,” HII CEO and President Chris Kastner said in a statement. “Over the past year, in partnership with our government customers, we’ve taken steps to measurably increase our hiring, grow our retention and most importantly, improve proficiency levels within our workforce. These actions are yielding a meaningful increase in shipbuilding throughput.”

With more than 40 ships at Ingalls and NNS under construction or undergoing modernization, Kastner says the company’s focus in 2026 is to build on this momentum.

To increase shipbuilding throughput and meet increased demand for ships, HII said in a news release that it has launched a distributed shipbuilding initiative to improve schedule adherence by partnering with 23 shipyards and fabricators beyond its traditional labor market.

The company said it has also formed partnerships with international manufacturers to explore ways to expand capacity, including evaluating adding an additional shipyard in the U.S.

A subsidiary of Fortune 500 contractor Huntington Ingalls Industries, NNS is the state’s largest industrial employer, employing about 26,000 people, and in 2024, the division hired about 3,000 more workers, part of an overall goal of hiring 16,000 more in the next decade to fulfill Navy shipbuilding needs. With 44,000 employees, HII is the largest industrial employer in Virginia and Mississippi.

US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast

Summary

  • climbed about 2% in 2025 despite and supply disruptions
  • Toyota, Hyundai and GM posted gains, while Stellantis sales declined
  • Trucks, SUVs and hybrids drove demand as EV sales slowed
  • Analysts warn affordability and economic uncertainty could curb 2026 sales

DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine.

Several automakers on Monday reported strong December sales to close out the year. notched an 8% increase in U.S. vehicle sales for 2025, supported by the popularity of its affordable cars, a category that Detroit’s car companies have largely abandoned. also posted an 8% increase for 2025, helped by surging demand for hybrids.

reported a 5.5% increase for the year, boosted by sales of large and SUVs as well as . Stellantis’ U.S. sales slipped 3% compared with 2024, although the automaker built momentum in the second half of last year under new CEO Antonio Filosa.

Automakers confronted supply-chain snarls, unpredictable tariffs and the removal of a $7,500 electric-vehicle tax credit, factors that drove some buyers to dealer lots to snatch up vehicles before regulations pushed prices higher.

“To say it’s been a sales roller coaster of a year would be an understatement,” said Thomas King, president of OEM solutions at J.D. Power.

Analysts warn that sustaining this growth in 2026 may prove difficult as economic uncertainty and tariff-related costs weigh on consumers.

About 16 million vehicles were sold last year, with gas-powered trucks, SUVs and hybrids fueling demand. Final figures from other automakers are scheduled to be released later Monday.

While some automakers bumped up prices of models made outside of the U.S., tariffs did not substantially affect vehicle prices, J.D. Power found. The average new-vehicle retail transaction price in December had been expected to reach $47,104, up $715 or 1.5% from December 2024, the firm said.

AFFORDABILITY KEEPS SOME BUYERS AWAY

Still, affordability remained a top barrier for the industry, and executives from Detroit’s auto giants have been called to testify about this at a Senate Commerce Committee hearing on January 14.

Randy Parker, CEO of Hyundai Motor North America, said 2026 is going to be “very challenging,” adding: “Affordability is going to be the key.”

Toyota Motor North America executives said they expect prices to creep up this year as tariff-related costs set in.

“I do think in 2026 you will see some fairly significant price-ups,” said Andrew Gilleland, senior vice president of automotive operations at Toyota Motor North America.

Electric vehicles were perhaps the most turbulent part of the market last year. U.S. President Donald Trump axed a hefty consumer tax credit and championed loosening regulations around fuel economy and emissions. The moves have dampened consumer demand and caused automakers to pull back on plans to produce electric models.

Sales of EVs are expected to account for 6.6% of retail sales in December, down from 11.2% the prior year, according to J.D. Power.

Executives from Toyota and Hyundai said Monday that they planned to continue their EV investments, even as much of the market is backpedaling. The automakers were criticized years ago for not investing enough in EVs and instead focusing on hybrids.

MIXED OUTLOOK FOR AUTO SALES

Analysts remain split on how the auto market will fare in 2026. Cox Automotive said that auto sales would decline 2.4%, as slower economic growth and slashed EV incentives dampen demand. Edmunds expected steady or slightly lower sales this year as tariff-related costs hit and economic uncertainty weighs on consumers.

Meanwhile, analysts note that lowered interest rates would likely buoy demand and more leases would mature, restoring stability in that vital section of the market that was upended by the pandemic.

“These dynamics set the stage for a more balanced and potentially stronger performance as 2026 progresses,” said J.D. Power’s King.

(Reporting by Nora Eckert in Detroit, Kalea Hall in Detroit; Editing by Mike Colias, Louise Heavens and Hugh Lawson)

 

President Trump delays higher furniture tariffs

WASHINGTON — President Donald Trump signed a New Year’s Eve proclamation delaying higher on upholstered furniture, kitchen cabinets and vanities for one year as trade negotiations continue with major partners.

The order, signed on Wednesday, keeps in place a 25% tariff imposed in September on those imported goods but postpones steeper increases that were set to take effect Jan. 1.

The now-delayed hikes would have raised tariffs to 30% on upholstered furniture and 50% on kitchen cabinets and vanities.

The tariffs are part of a broader slate of import taxes President Trump has advanced to address trade imbalances and other economic concerns. The President has said the furniture duties are intended to “bolster American industry and protect national security.”

The delay adds another turn to the shifting course of President Trump’s tariff agenda since he returned to office last year. His administration has at times announced new levies with little notice, only to delay or reverse them amid negotiations or industry pressure.

For furniture manufacturers and retailers, the move provides temporary relief from higher costs, but at the same time, extends the continued uncertainty over longer-term trade policy.

Trump says the job market is booming for U.S.-born. The data doesn’t show it.

Summary

  • Trump claims immigration crackdowns boosted jobs for U.S.-born workers
  • Economists say labor data has been misinterpreted by the administration
  • Unemployment rose for as job growth slowed
  • Declining immigrant survey responses distort federal employment data

President Donald Trump and White House leaders say that American workers are winning because of his immigration crackdown. But the data doesn’t back that up.

Since the summer, Trump officials have been trumpeting the idea that job creation is booming for U.S.-born workers. Trump said so, too, during a prime-time address last month aimed at assuaging Americans’ concerns about the economy.

“In the year before my election, all net creation of jobs was going to foreign migrants. Since I took office, 100 percent of all net job creation has gone to American-born citizens,” Trump declared. “One hundred percent.”

officials also said recently that more than 2.5 million U.S.-born workers gained jobs in 2025 as 1 million immigrants left the workforce.

But economists on both sides of the political aisle say they have seen no evidence that American-born workers are getting jobs by the millions or moving en masse into positions abandoned by deported immigrants.

In fact, data shows that U.S.-born workers are doing moderately worse under Trump than they were under President Joe Biden because the labor market has weakened – partly due to a sharp slowdown in immigration.

“The unemployment rate has been rising for both native-born and foreign-born adults,” said Jed Kolko, a senior fellow at the Peterson Institute for International Economics and a former Commerce Department economist.

Taylor Rogers, a White House spokeswoman, said in a statement to The Washington Post that “mindless nitpicking doesn’t change the simple fact that President Trump has done more for American workers than any president in history by cracking down on visa program abuses, successfully negotiating new trade deals, securing our border, and carrying out the largest mass deportation of illegal aliens.”

Those policies ensure “American-born workers can finally benefit from our new economic resurgence,” Rogers said.

Here’s what to know about how U.S.-born workers are faring under Trump’s immigration crackdown.

Fewer immigrants are in the workforceImmigrants are leaving the , economists agree.

The Trump administration prioritized in 2025, with immigration officials deporting about 579,000 , according to a Dec. 7 social media post by Trump border czar Tom Homan.

Meanwhile, admissions under refugee and other humanitarian programs have been slashed, and illegal border crossings declined sharply last year. And the Trump administration has moved to strip legal status from more than 1 million immigrants with temporary protections.

After years of labor market growth fueled by immigration, 2025 could mark a turning point, with more immigrants leaving the United States than arriving. That could result in a net drop in migration for the first time in at least 50 years, economists say.

But economists don’t know yet how many fewer immigrants there were in 2025 compared with 2024, and they say they won’t have good estimates for a while.

What is clear is the share of immigrants with jobs has fallen since hitting longtime highs earlier in the Biden era. But there has been little change compared with a year ago, at the end of Biden’s term.

U.S.-born employment is not surging

The Trump administration said in December that 2.57 million U.S.-born citizens had obtained jobs last year, while about 1 million immigrants lost work. And officials have repeatedly said some variation of that since August.

These claims are based on Bureau of Labor Statistics data derived from the U.S. census showing large gains in employment for native-born workers and falling employment for immigrants.

But economists warn against using counts of native-born workers derived from census population estimates – or comparing those numbers with figures from previous years. Doing so would be “a multiple-count data felony,” Jed Kolko wrote in August.

That’s because the census data was hemmed in by a population estimate set by the Census Bureau last January, before any new had gone into effect.

Basically, the numbers of foreign-born and native-born workers in Bureau of Labor Statistics data have to add up to a total based on the U.S. census population estimate that is set at the beginning of the year, according to several economists consulted by The Post.

When the monthly responses from foreign-born households drop, which has been happening, then the math takes over: The native-born population totals automatically increase so that the responses in the monthly household survey reflect the population controls. That’s why it looked as if the United States had so many more native-born workers in 2025.

Any drop in foreign-born workers artificially boosts the number of native-born workers reported each month. And currently, fewer immigrants are responding to these surveys. (More on that below.)

“The main thing [the Trump administration] has been saying is that 2 million people left the country and 2 million native-born workers have joined the labor force as a result,” said Stan Veuger, a senior fellow in economic policy studies at the American Enterprise Institute, a conservative think tank. “That’s the incorrect analysis of the [government data] that has been plaguing us all year.”

As an extreme illustration, Kolko has said that if the entire foreign-born population vanished, this dataset would show the population of native-born residents skyrocketing by tens of millions of people.

Trump’s prime-time speech assertion last month that “100 percent of all net job creation has gone to American-born citizens” also relies on misuse of the same dataset, according to Kolko.

“Their claim is based on looking at the change of the level in employment for native and foreign-born workers,” Kolko said. “And you cannot use that dataset to look at those levels.”

Immigrants are disappearing from the data

There are a few reasons fewer immigrants are responding to the Current Population Survey. First, the number of immigrants in the United States probably did go down last year because of deportations, a closed border and immigration restrictions.

Immigrants who are still here could also be reluctant to respond to government surveys for fear of becoming targets of heightened immigration enforcement. Or they could be responding inaccurately to surveys because of the same fears, several economists said.

“If there’s a sudden drop in immigration, or if fewer foreign-born residents respond to the survey, then, by design, the number of native-born workers would almost certainly go up,” Kolko said. “The way the calculation is set up, it’s not like you can lower the population of foreign-born workers without raising the population of native-born.”

Unemployment rate for U.S.-born is on the rise

So how are U.S.-born workers doing?

Economists say the best real-time measure of how U.S.-born workers and immigrants are doing in the labor market is the unemployment rate. And that rate climbed for native-born workers last year as job creation slowed, while changing little compared with a year ago for foreign-born workers.

The unemployment rate for native-born Americans was 4.3 percent in November, up from 3.9 percent the previous year, which economists say is the strongest indication that the labor market has worsened for U.S.-born workers, though it’s still strong compared with recent decades.

“We know that it’s just been harder for native-born workers to find work because more of them are unemployed,” Veuger said.

Meanwhile, job growth for all workers in the United States has slowed significantly in recent months and the unemployment rate has climbed to the highest level in four years.

“The labor market is not in a better place than it was a year ago,” said Dean Baker, senior economist at the Center for Economic and Policy Research. “It is harder to find a job.”

U.S.-born are not rushing into jobs left by immigrants

There is little evidence that millions of U.S.-born workers rushed into jobs typically worked by immigrants in 2025, as Trump officials have suggested, several economists told The Post.

Trump economic adviser Kevin Hassett said on CBS’s “Face the Nation” last month: “When foreign-born workers depart, then it creates jobs for people who are native-born.”

There are likely cases of U.S.-born workers stepping up for jobs previously worked by immigrants. But the rising unemployment rate for native-born workers indicates that native-born Americans are not moving in large numbers into those jobs.

“We don’t know what’s happening definitively, but the fact that the native-born unemployment rate is rising – and over the past year has risen faster than the foreign-born unemployment rate – suggests that it is not simply that native-born workers are taking the jobs of foreign-born workers,” Kolko said.

Immigration restrictions and deportations also could be pushing U.S. citizens out of work. Research on the construction industry has shown that the deportation of immigrants working in lower-skilled positions, such as roofers and laborers, can lead to the disappearance of work for native-born construction workers, especially those in higher-skilled jobs, such as electricians and plumbers.

“A lot of immigrants take low-wage, generally less-skilled jobs in construction on projects that wouldn’t otherwise go forward,” said Baker, the economist at the Center for Economic and Policy Research. “You have native-born workers in higher-skilled jobs, but when the immigrants aren’t there, they aren’t able to do it.”

by Lauren Kaori Gurley (c) 2026 , The Washington Post. Abha Bhattarai contributed to this report.

 

US refiner Phillips 66 to acquire Britain’s Lindsey oil refinery assets

Summary

  • agreed to acquire assets of the liquidated in England
  • Company will not restart refining, citing the site’s lack of viability
  • Assets will be integrated into the to boost supply flexibility
  • Unions and officials raised concerns about jobs and future use of the site

Jan 5 (Reuters) – U.S. refiner Phillips 66 said on Monday it had agreed to acquire the assets and infrastructure of Lindsey Oil Refinery in northern England following the site’s liquidation, and will integrate the key facilities into its Humber Refinery.

The Lindsey refinery closed in July last year after previous owner Prax fell into insolvency, putting the 420 jobs at the site at risk.

Phillips 66, which did not disclose a deal value, said that after a detailed review during the bidding process, it had decided not to restart standalone operations at the refinery as the site is unviable in its current form.

Storage and infrastructure assets from Lindsey will be integrated into the Humber Refinery complex, which will improve supply flexibility and support traditional and renewable fuel production, Phillips 66 said.

“In the coming months, we will deepen our understanding of the new assets and develop strategic plans for their integration into the Phillips 66 Limited portfolio following completion of the transaction,” a Phillips 66 spokesperson said.

The announcement follows a bidding process managed by FTI Consulting, which was appointed as special manager of the Lindsey oil refinery assets after the official receiver was named liquidator in June.

None of the bids that were credibly put forward had proposed a return to refining operations at Lindsey in the next few years, the official receiver said.

The remaining 250 staff at the site are guaranteed employment until the end of March, the official receiver said in November, after redundancies began last September.

“We are purchasing the assets of the Prax companies in liquidation and not the companies. While we understand the impact on Prax employees, at this stage we cannot guarantee how many new roles will be created,” the Phillips 66 spokesperson added.

UK Energy Minister Michael Shanks said in a statement: “This will expand the company’s ability to supply fuel to UK customers, boosting domestic and securing jobs – including hundreds of new construction jobs over the next five years.”

The UK Department for Energy Security and Net Zero did not immediately respond to a request for follow-up comment on how the deal might impact UK fuel supply, and the status of the remaining jobs after March.

“Lindsey oil refinery is a critical piece of UK energy infrastructure. Phillips 66 should not be allowed to just mothball the site and turn it into a glorified storage tank,” said Unite union general secretary Sharon Graham.

(Reporting by Pranav Mathur in Bengaluru, Robert Harvey, Shadia Nasralla; Editing by Shreya Biswas and Jan Harvey)

 

US oil companies gain after Trump signals access to Venezuela’s reserves

Summary

  • U.S. oil and refining shares rose on prospects of renewed access to Venezuelan crude
  • Trump said U.S. companies could invest after American forces arrested Venezuela’s president
  • , refiners and oilfield services firms led gains
  • Analysts caution recovery will take time due to sanctions, decay and underinvestment

Jan 5 (Reuters)‘ shares jumped on Monday, fueled by the prospect of access to Venezuela’s vast oil reserves after President Donald Trump said the U.S. would take control of the South American nation following the arrest of its president.

Venezuela holds the world’s largest oil reserves, but production plummeted in recent decades due to mismanagement, limited foreign investment following the nationalization of its oil industry and sanctions.

Trump told reporters aboard Air Force One on Sunday that he spoke to “all” of the U.S. oil companies “before and after” American forces seized Venezuelan President Nicolas Maduro from Caracas about his plans for investing in the country.

“They want to go in so badly,” Trump said. “We’re going to have the big oil companies going and they’re going to fix the infrastructure. They’re going to invest money. We’re not going to invest anything.”

The has told U.S. oil executives in recent weeks that they would need to return to Venezuela quickly and invest significant capital in the country to revive the damaged oil industry if they wanted compensation for assets expropriated by Venezuela two decades ago, Reuters previously reported.

Shares of Chevron, the only U.S. major currently operating in Venezuela’s oil fields, climbed more than 4% in morning trade.

Meanwhile, U.S. refiners Marathon Petroleum, , PBF Energy and Valero Energy were up between 5.7% and 9%.

Oil prices gained more than 1%, with analysts noting that in a global market with plentiful supply, any further disruption to Venezuela’s exports would have little immediate impact on prices. [O/R]

Trump has said that the embargo on all Venezuelan oil exports would stay fully in effect for now.

Venezuelan crude is a heavy sour with high sulfur content, making it suitable for producing diesel and heavier fuels, albeit at lower margins compared with other grades, particularly those from the Middle East.

“This type of crude aligns well with the configuration of U.S. Gulf Coast refineries which were historically designed to process such grades,” said Ahmad Assiri, research strategist at Pepperstone.

Chevron’s existing presence in Venezuela under a U.S. waiver has positioned it as a potential early beneficiary of any policy shift, while refiners stand to gain from increased availability of heavy crude closer to home.

RETURN OF ASSETS

The U.S. action could also pave the way for the return of assets seized by Venezuela in 2007 under late leader Hugo Chavez, analysts at J.P. Morgan said.

They said ConocoPhillips and Exxon Mobil have significant arbitration awards pending, which have a higher chance of recovery.

“In total, ConocoPhillips has outstanding claims approaching $10 billion, while Exxon’s outstanding damages appear to be in the $2 billion range against their original claims that exceeded $15 billion,” the analysts said.

Shares reflected the optimism, with Exxon Mobil rising 5% and ConocoPhillips gaining 3.4%.

Shares of oilfield services firms, whose would be crucial to boosting Venezuela’s crude production, also climbed. Baker Hughes, Halliburton and SLB were up between 4.5% and 7.7%.

Still, analysts cautioned that any meaningful recovery would likely take time, given political uncertainty, infrastructure decay and years of underinvestment.

Venezuela was producing as much as 3.5 million barrels per day (bpd) in the 1970s, accounting for more than 7% of global output.

Production slid below 2 million bpd in the 2010s and averaged about 1.1 million bpd last year, or roughly 1% of global supply.

(Reporting by Arunima Kumar and Vallari Srivastava in Bengaluru and Jarrrett Renshaw in Philadelphia; Editing by Maju Samuel, Sriraj Kalluvila and Chizu Nomiyama)