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President-elect Donald Trump namedhedge fund mogul Scott Bessentas the next Treasury secretary on Friday, ending a rough-and-tumble race that saw fierce jockeying among power players across Wall Street.

I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States, Trump wrote in his announcement, posted on Truth Social.

Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists, the president-elect said of this Treasury pick.

Bessent “got the thumbs up” late Thursday during a meeting with Trump, 78, at his Mar-a-Lago resort in Palm Beach, Fla., one source close to the situation told The Post.

A flurry of last-minute media reports had floated several candidates for the job. Late Thursday, the Wall Street Journal reported that financier Kevin Warsh had met with Trump on Wednesday about the Treasury post — and possibly replacing Jerome Powell as Fed chairman when his term expires in 2026.

Trump also met about the Treasury role with Marc Rowan, the billionaire boss of buyout firm Apollo Global Management, at Mar-a-Lago earlier this week.

Bessent, the 62-year-old founder of Key Square Group, has repeatedly backed the president-elects pro-tariff stance in a series of op-eds and media appearances over the past year.

Scott’s story is that of the American Dream, Trump said Friday, noting that Bessent has long been a strong advocate of the America First Agenda.

On the eve of our Great Country’s 250th Anniversary, he will help me usher in a new Golden Age for the United States, as we fortify our position as the World’s leading Economy, Center of Innovation and Entrepreneurialism, Destination for Capital, while always, and without question, maintaining the U.S. Dollar as the Reserve Currency of the World, he added.

Unlike in past Administrations, we will ensure that no Americans will be left behind in the next and Greatest Economic Boom, and Scott will lead that effort for me, and the Great People of the United States of America.

A source close to the Trump transition team told the Post earlier on Friday that the hedge fund executive was “being vetted” for the role ahead of a formal announcement.

“If you want to bring a genius into that job who is loyal to the president, Scott is the right guy,” one source close to the situation said.

One faction of Trump World had been pushing for Bessent for weeks, trying to outmaneuver Howard Lutnick — the CEO of Cantor Fitzgerald and co-chair of Trump’s transition team — in what had reportedly escalated into a bitter “knife fight” for the coveted role.

One insider, speaking on condition of anonymity, said Lutnick, a fundraiser for Hillary Clinton during the 2016 election, was eventually handed the post of Commerce Secretary “to calm things down.”

After Lutnick exited the Treasury race, sources said Trump continued to do interviews to hash out his options. Bessent and Rowan were both spotted at Mar-a-Lago on Wednesday.

“All the top investors and hedge funds said Scott Bessent is their number one pick because of his understanding of macroeconomics,” said one veteran Wall Street insider.

A source briefed on Rowan’s interview, meanwhile, said the 62-year-old was “an anti-tariff guy and that was a non-starter for the president.”

Another staunch Trump loyalist and major donor, billionaire hedge fund boss John Paulson, ruled himself out of an administration post just one week after the Nov. 5 election.

A native of South Carolina, Bessent previously served as chief investment officer for George Soros and was instrumental in the Hungarian-born money man’s “Black Wednesday” trade in 1992.

The bet against the British pound “broke the Bank of England”, raking in an eye-watering $1 billion payday for Soros that cemented his reputation as a titan of global finance.

Writing in the Wall Street Journal earlier this month, Bessent said Trump’s second presidential term would usher in “a revitalized economy for all Americans.”

Bessent also lashed out at the Biden-Harris administration for presiding over four years of “reckless spending” that has seen Uncle Sam’s debt pile hit an eye-watering $35 trillion this year.

“The Biden administrations mismanagement has created serious challenges that Mr. Trump will need to overcome,” Bessent stated in the Nov. 10 op-ed, adding that Trump “has a mandate to re-privatize the US economy through deregulation and tax reform to spur the supply-side growth that he delivered in his first term.”

Large parts of Trump’s 2017 tax cuts expire next year, giving Bessent the chance to help shape fiscal policy under the incoming commander-in-chief.

My Administration will restore Freedom, Strength, Resilience, and Efficiency to our Capital Markets, Trumps announcement continued. We will reinvigorate the Private Sector, and help curb the unsustainable path of Federal Debt.

As a lifelong Champion of Main Street America and American Industry, Scott will support my Policies that will drive U.S. Competitiveness, and stop unfair Trade imbalances, work to create an Economy that places Growth at the forefront, especially through our coming World Energy Dominance, he added. Together, we will Make America Rich Again, Prosperous Again, Affordable Again, and, most importantly, Great Again!

The president-elect has already tapped Tesla titan Elon Musk and biotech entrepreneur Vivek Ramaswamy to lead a new Department of Government Efficiency and tighten up the federal government’s purse strings.

Diana Glebova contributed reporting.

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Environment

Anker SOLIX EverFrost 2 coolers + bundles $200 off, G-Force’s new DE-S cargo e-bike $1,399, EcoFlow DELTA 2 bundle flash sale, more

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26 mins ago

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May 5, 2025

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Anker SOLIX EverFrost 2 coolers + bundles 0 off, G-Force's new DE-S cargo e-bike ,399, EcoFlow DELTA 2 bundle flash sale, more

We’re starting off this week’s Green Deals with a spotlight on Anker’s SOLIX EverFrost 2 Electric Cooler discounts that are running as part of the brand’s ongoing Mother’s Day Sale, which start from $700. Next, we have G-Force’s extended e-bike savings, including its newest DE-S Premium All-Terrain Fat Tire Wide Cargo e-bike that is down at $1,399. Lastly, there’s EcoFlow’s latest flash sale that is offering a DELTA 2 bundle with an expansion battery and bag for $849, as well as an additional solar panel bundle offer. Plus, all the other hangover Green Deals from last week are in the links at the bottom of the page, rounded together in our Electrified Weekly coverage, including the free extra battery preorder deal on Rad Power’s new RadRunner Max Cargo Utility e-bike and Lectric’s teasing of its upcoming XP 4 e-bike that will be revealed tomorrow, May 6, 2025.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Save $200 on Anker’s SOLIX EverFrost 2 40L and 58L electric coolers and bundles starting from $700

Looking back in on Anker’s SOLIX Mother’s Day Sale which is continuing through May 11, we wanted to shine a spotlight on the deals for brand’s latest release, the EverFrost 2 Portable Electric Coolers. You’ll find the 40L model discounted to $699.99 shipped here (matching at Amazon), while its 58L counterpart is down at $899.99 shipped (also matching at Amazon), as well as alternate bundles that give you a secondary removable battery below. These two models would normally run you $900 and $1,100 at full price, with these prices only having been beaten out by the February pre-sale launch discounts to $600 and $800 from Anker, while the 58L model saw a drop to $809 from Wellbots. We’ve been seeing these same discounts repeat in recent sales, bringing you another chance at $200 off the going rates for the best post-launch prices we have tracked. Head below for more information on these coolers and their bundle options, or you can get our hands-on take from our review here.

Currently only sporting the two mentioned model sizes (though there is a smaller 23L cooler slated to hit the market later in the year), Anker’s SOLIX EverFrost 2 Electric Coolers see to it that ice runs will no longer be needed during gatherings and other events. There’s currently the 40L model that provides a single compartment with dual functionality and the 58L model that has two compartments – each with dual functionality – that can cover simultaneous cooling and freezing. The big change from its predecessors is the trading of a direct cooling system for the new air-cooled system, providing compartment cooldowns at much faster speeds.

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Both the 40L and 58L models have been given dual battery ports (with the second battery either being sold separately or within bundles that you can find below), which provide up to 104 hours of continuous runtime when set to Eco Mode, according to Anker. Each of these batteries come with a 288Wh capacity and can also be repurposed as power banks when not running the coolers, giving you a little added versatility to keep personal devices juiced up with either the 60W USB-C or 12W USB-A ports. There are four ways to recharge the batteries – with a max 100W solar input, plugging the cooler into a wall outlet or 12V car port, or you can use a USB-C connection directly to the batteries. Both models sport IPX3 water-resistance ratings, as well as large 6-inch wheels for semi-rough terrain and a fold-down tray that is also used as a handle. You can get a full rundown on what to expect in our hands-on review here.

Anker’s SOLIX Mother’s Day EverFrost 2 deals:

If you’re looking to electrify your life with a backup power solution, be sure to browse the power station discounts while the Anker SOLIX Mother’s Day Sale continues through May 11, complete with free gifts that accompany select purchases. We also spotlighted the brand’s deals on its other latest release, the F3800 Plus Portable Power Station that start from $3,199.

G-Force DE-S e-bike

Get serious cargo-hauling power on G-Force’s DE-S premium all-terrain e-bike with 160-mile range for $1,399

Despite G-Force’s Spring Sale e-bike offers slated to end with April, it appears that the brand has extended the savings, giving folks a little more time to score them at these lower prices before rates are raised down the road due to tariffs. Among the continuing deals, the brand’s latest release, the DE-S Premium All-Terrain Fat Tire Wide Cargo e-bike is still being offered at $1,399 shipped. This new model normally carries a $1,799 price tag, with things uncertain as to how high it may rise in the future, with the brand’s previous Spring Sale bringing costs down to this same rate last month. It’s a solid $400 off the going rate while things last, with this being the lowest price we have tracked since the brand came onto our radar.

A serious model with equally serious cargo-hauling capabilities, G-Force’s DE-S e-bike comes with a 750W brushless geared hub motor alongside a waterproof and flame-retardant 45Ah removable battery in order to provide you with 28 MPH top speeds and up to 160 miles of pedal-assisted travel on a single charge. While this bike comes with a cadence sensor, the brand has also equipped it with an additional PAS sensor that allows the rider to control the e-bike’s output power, “eliminating the need for a torque sensor to achieve a smooth riding experience,” according to the brand.

It’s got a solid array of features that make the riding experience all the better, like the smoothed-out cruising thanks to the adjustable front fork suspension paired with the rear suspension system, further bolstered by the fat tires. Alongside these, there’s also hydraulic mineral oil brakes, a 7-speed Shimano derailleur, a 48V LED “ultra bright” headlight, an integrated taillight, an extended rear cargo rack that supports multiple load modes (cargo, passenger, child seat installation, more), hidden cable routing, removable pedals, a telescopic comfort saddle, and a backlit LCD display.

G-Force’s other e-bike deals:

EcoFlow DELTA 2 Portable Power Station

EcoFlow offers flash sale on 2,048Wh LiFePO4 DELTA 2 bundle with an expansion battery and bag at $849 (Today only)

As part of its ongoing Spring-to-Summer sale, EcoFlow has launched another 24-hour flash sale with two offers – one to provide backup power support while the other provides solar support to your power stations. The first of these offers gives you a DELTA 2 Portable Power Station bundled alongside a Smart Extra Battery (expansion battery) and a bag for $849 shipped. The combination of the station and battery would normally cost you $1,798 at full price, which we’ve been seeing in the brand’s direct 2025 sales usually falling to $949. This means that you’re getting the additional travel bag with a further $100 markdown, one of the best prices we have tracked that is also currently matching on Amazon, though, without the bag.

This is quite a solid combination for short-term off-grid power needs, as well as at-home emergency backup. With the inclusion of the extra battery, EcoFlow’s DELTA 2 power station goes from a 1,024Wh to 2,048WH LiFePO4 capacity, which you can further expand to 3,072Wh with another battery connected. It delivers up to 1,800W of steady output through its 15 port options, which surges to 2,200W for larger needs. There’s the usual array of smart controls available through its companion app, as well as the unit coming with an IP68 waterproof construction, knowing that it’ll likely accompany you out into the wilds of the world.

The station’s battery can be recharged in a short time thanks to the fast-charging tech that the brand has given it, letting you refill 80% of its battery in just 50 minutes via a wall outlet, with things taking a little longer at 80 minutes to get it back to full. Of course, there’s also the solar charging capabilities if you have or plan to buy the appropriate panels, with a max 500W input that can recharge the battery in three to six hours, depending on weather conditions.

EcoFlow is also providing the opportunity to grab two of its 110W Solar Panels at $329 shipped while these flash savings last. Outside of this discount, the panels are currently going for $209 each (and regularly run $399), making this is a great chance to score both at about $165 each, giving you the means to recharge the above station’s – or any other model – battery with the sun’s rays.

Be sure to check out the full lineup of deals we’re seeing from EcoFlow’s Spring-to-Summer Sale while they last – which is only a few days longer. You’ll also find some additional coverage of the deals on the brand’s new WAVE 3 AC/Heater and GLACIER electric coolers that are starting from $807.

Best Spring EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Environment

Rivian CEO posts image of the new Maximus drive unit that will power the upcoming R2 EVs

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1 hour ago

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May 5, 2025

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Rivian CEO posts image of the new Maximus drive unit that will power the upcoming R2 EVs

Rivian R2

Rivian founder and CEO RJ Scaringe just posted a fresh image of a Maximus drive unit—a vital component teased for some time now that will be a key piece in Rivian’s goal to reduce the cost per drive unit in its R2 EV builds.

Rivian continues to show strength during uncertain times in the automotive industry, particularly regarding legacy automakers’ electrification strategies. While threats to EV adoption linger, demand for Rivian’s American-made BEVs has stayed high despite a slight dip in deliveries last quarter.

The company is still riding the success of its first two flagship models—the R1S and R1T, which are now in the second generation. Better still, fans of the brand and EV enthusiasts alike are highly anticipating the arrival of Rivian’s encore to the R1 models, the R2, which will then be followed by a smaller R3 and a rally-like R3X.

As a young automaker, Rivian has overcome hurdles to establish itself in the EV industry, finally achieving scaled production at its Normal, Illinois, facility. Part of that strategy includes consistent innovation and improvement to improve vehicle function and performance for its customers and optimize manufacturing to reduce overall cost.

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An excellent example of that evolution is Rivian’s Enduro drive unit, which was implemented on dual-motor versions of the R1T and R1S. Since then, Rivian has been teasing a new drive unit called Maximus, which we thought may also make its way into R1 builds, but have since learned will debut in the upcoming R2 EVs.

Today, Rivian founder and CEO RJ Scaringe offered a close-up look at Maximus being developed within the R2 design. Check it out:

Rivian R2
The Maximus drive unit / Source: @RJScaringe / Instagram

RJ teases the Maximus drive unit in the Rivian R2

According to RJ Scaringe, the image above is Rivian’s new Maximus drive unit configuration implemented in the R2. There’s not much else of the upcoming BEV to see here, but an exciting little tidbit nonetheless.

While most consumers have been attracted to the Rivian R2’s size and look, Maximus will play a key role in Normal as the American automaker works to reduce the per-unit cost of its drive units—a primary goal it has previously shared with the public.

One key improvement we already know about is Maximus’ stator windings—one of the key components of any electric motor. Previously, Rivian shared that Maximus uses a new continuous winding technique that reduces the total welds per stator and thus the total overall cost of building each one. For comparison, Rivian’s current Enduro drive unit requires 264 stator welds, while Maximus only needs 24.

Rivian has also integrated the front rotor shaft and gear into a single forged, CNC-milled component and reduced the number of required bearings. The result is a simpler, more compact drive unit that is cheaper to build and weighs less, which is excellent news for EV range and efficiency.

With Maximus development underway, Rivian appears to remain on track to officially launch the R2 next year as promised. Be sure to check back with Electrek often for the latest Rivian news about the R2 and beyond.

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Sports

NBC’s Tirico left Derby broadcast with nut allergy

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2 hours ago

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May 5, 2025

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NBC's Tirico left Derby broadcast with nut allergy

  • Associated Press

May 5, 2025, 11:53 AM ET

NBC Sports host Mike Tirico said Monday he is feeling fine after having to leave the Kentucky Derby broadcast early over the weekend because of a strong reaction to a nut allergy.

“I’ve had a nut allergy my whole life and am usually very, very careful,” Tirico said on the “Today” show. “I ate something that had a nut in it and had a nut allergy, causing your throat and your nose and all that stuff to kind of clog up and swell. It affects your breathing a little bit.”

Tirico said he took an epinephrine shot and was treated by EMTs at Churchill Downs. He began feeling better later Saturday night.

“I’m embarrassed about the attention,” he said.

Ahmed Fareed took over for the 58-year-old broadcaster, who was hosting Derby coverage for the ninth year.

Tirico is set to host the Preakness Stakes on NBC on May 17.

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