Watch URL: https://www.youtube.com/watch?v=47GNAorHcSA
Day: December 2, 2025
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Reuters NEXT New York: Global Leaders Converge to Debate the World’s Most Urgent Questions

New York, December 3–4, 2025 – As the world struggles to navigate geopolitical fracture, AI upheaval, and a fragile economy, Reuters NEXT returns to New York this week, assembling a heavyweight roster of policymakers, CEOs and creators to ask a simple but urgent question: what kind of future are we building?
Over two days in the global financial hub, more than 700 leaders from business, government and civil society will take the stage across multiple tracks, tackling themes that range from war and peace to streaming wars, central bank policy to luxury retail.
A summit of power brokers
This year’s speaker lineup underlines the ambition of the summit. According to Reuters, confirmed speakers include:
- António Guterres, Secretary-General of the United Nations
- Christian Klein, CEO of SAP
- Naomi Gleit, Head of Product, Meta
- Jimmy Wales, Founder of Wikipedia
- Sarah Jessica Parker, executive producer and entrepreneur
- Shari Redstone, Chair of Sipur Studios
- Aidan Gomez, Co-Founder & CEO of AI firm Cohere
- Stéphane de La Faverie, President & CEO, The Estée Lauder Companies
- Pearlena Igbokwe, Chairman, Television Studios & Peacock Scripted, NBCUniversal
- Ilario Corna, CIO & CTO, International Olympic Committee
- Joanne Crevoiserat, CEO of Tapestry
- Rick Wurster, CEO of Charles Schwab
- Senior leaders from Google, Cisco, Moderna and others
They are joined by central bank governors, including representatives from Libya and Syria, underscoring how monetary policy and financial stability have become central to discussions about global risk and rebuilding trust in institutions. Reuters Agency
Reuters Editor-in-Chief Alessandra Galloni will lead interviews and discussions, supported by a team of senior journalists, as they press speakers on the decisions they are making now—and the consequences those choices will have for 2026 and beyond.
Six themes, one turbulent world
The official agenda is built around six core themes that reflect the fault lines of 2025:
- Geopolitics – Panels will explore an era of “growing geopolitical fragmentation,” as alliances are tested by regional conflicts, resource competition and shifting power centers.
- Economy & Markets – With investors nervously eyeing the outlook for 2026, speakers from banks, asset managers and major corporates will debate interest-rate paths, capital flows and the resilience of the global financial system.
- Banking & Finance – From regulatory scrutiny to fintech disruption, executives will drill into how financial institutions can stay profitable while financing the energy transition and safeguarding against systemic shocks.
- AI & Technology – Having moved from “AI experimentation to accountability,” the program delves into governance, transparency and the real business impact of generative AI, with leaders from Cohere, Google, Cisco and others.
- Climate & Sustainability – With pressure mounting after a year of record temperatures, CEOs and policymakers will look at how to fund decarbonization, reform supply chains and meet mounting disclosure demands.
- Business Leadership – Sessions will focus on leadership in an “increasingly contested information ecosystem,” where trust, internal communications and public credibility can make or break an organization.
Beyond the headlines: AI, energy and attention
What sets Reuters NEXT apart from many other executive gatherings is its framing as a live journalism experience. Interviews are run with the same rigor as a newsroom grilling: short on platitudes, long on specifics.
Some of the most closely watched conversations are expected to orbit three clusters of issues:
- AI disruption and accountability
- Tech leaders will be asked how they intend to govern powerful AI models, reduce bias, and protect jobs—while still chasing growth.
- Policy-makers and regulators in attendance are expected to push for clearer guardrails and more transparency on training data, safety testing and risk management.
- Financing the energy transition
- With trillions of dollars in investment needed, financial institutions and corporates will debate which models actually work, from green bonds to blended finance.
- Executives in energy, heavy industry and consumer goods will be pressed on supply-chain emissions, reporting standards and how they balance shareholder pressure with long-term climate commitments.
- The battle for attention – from streaming to social
- Media, entertainment and tech executives—including leaders from NBCUniversal, Meta and the IOC—will explore how audiences are fragmenting across platforms and what that means for business models built on advertising and subscriptions.
Why New York, why now
New York—still one of the world’s dominant hubs for finance, media and diplomacy—offers a symbolic backdrop. The city has been at the center of debates on inequality, climate resilience, and the future of work, making it a fitting stage for conversations about reshaping global systems.
The 2025 edition arrives at a moment when:
- Markets are trying to price in a new interest-rate regime and adjust to slower, more uneven growth.
- Governments are wrestling with how to regulate fast-moving technologies without stifling innovation.
- Public trust in institutions—from banks to newsrooms to international bodies—remains fragile.
In a statement ahead of the summit, Galloni framed the objective as cutting through the noise: Reuters NEXT is meant to “go beyond the headlines” and give decision-makers the “clarity, connections and action plans” they need to navigate the next few years.
What to watch for
While the full speaker page is hosted on the Reuters Events site and may feature additional names and sessions that aren’t publicly detailed elsewhere, a few flashpoints are already emerging from the published lineup and themes:
- How blunt will leaders be? Will CEOs and policymakers speak candidly about geopolitical risks, or stick to carefully scripted talking points?
- Concrete AI commitments. Will any firms announce new principles, partnerships or oversight mechanisms for AI deployment?
- Climate credibility. Expect close attention to what companies say about measurable progress toward net-zero goals rather than generic pledges.
- Media and misinformation. With Wikipedia’s Jimmy Wales, major broadcasters and platform leaders in the mix, discussions on information integrity and audience trust could become some of the most lively sessions.
A forum under pressure to deliver
Expectations for high-level summits like Reuters NEXT are rising. Critics often accuse elite gatherings of generating lofty rhetoric but little follow-through. Organizers, for their part, are positioning the New York summit as a working forum—where deals are sketched out in side rooms, cross-sector coalitions emerge, and some of the world’s most powerful decision-makers are forced to defend their strategies in public.
Whether the 2025 edition ultimately shapes policy, markets or boardroom agendas will only become clear in the months ahead. For now, the arrival of this year’s speakers in New York signals at least one thing: amid uncertainty and upheaval, the conversation about “what comes next” is very much underway.
Sources: Midtown Tribune , Reuters Agency+1
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Ukraine Aid in November 2025: What Congress Funded and What Trump Could (Not) Do
1. Who actually “allocates” money for Ukraine?
Congress
Under U.S. law, only Congress can appropriate federal money – set the legal dollar amounts and what they can be used for. This flows from the Appropriations Clause (“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law…”) and is implemented through appropriations acts.
Congressional Research Service (CRS) – the nonpartisan research arm of Congress – notes that Congress has passed five emergency supplemental funding measures for Ukraine since 2022, plus regular annual appropriations that also contain Ukraine-related money. Congress.gov+1
A CRS brief on “U.S. Direct Financial Support for Ukraine” (IF12305, hosted on Congress.gov) lists those five Ukraine supplemental laws and states that as of January 2025 Congress had appropriated nearly $174.2 billion in Ukraine-related supplemental funding for FY2022–FY2024. Congress.gov
The official UkraineOversight.gov “Funding” page (run by the Special Inspector General for Operation Atlantic Resolve) summarizes the same story in even plainer language:
“Congress appropriated $174.2 billion through the five Ukraine supplemental appropriation acts enacted FY 2022 through FY 2024…” Ukraine Oversight
So in law:
- Congress writes and passes the bills that set the amounts and purposes (appropriations).
- These include both the five Ukraine emergency supplementals and relevant pieces of annual spending bills.
The President / Administration (now Trump)
Once Congress has made money legally available, the executive branch controls how it’s used within those legal limits.
CRS’s long report “Supplemental Funding for Ukraine” (R47275) walks through how Ukraine laws expanded the President’s authority to transfer or “draw down” defense articles and to reprogram some funds, but always within caps and conditions set by statute. Congress.gov
The UkraineOversight.gov glossary (built from DoD’s Financial Management Regulation) explains the key concepts: Ukraine Oversight
- Appropriation – Congress’s law that authorizes agencies to incur obligations and make payments for specified purposes.
- Apportionment – how the Office of Management and Budget (in the Executive Office of the President) parcels out that appropriated money over time or categories.
- Reprogramming / transfers – limited authority to shift money within or between accounts, as allowed by law.
Putting that together, Trump (or any President) can:
- Propose budgets and supplemental Ukraine requests (or choose not to request more).
- Sign or veto what Congress passes.
- Control implementation of already-appropriated funds:
- which weapons go in which Presidential Drawdown Authority (PDA) package,
- how quickly funds are obligated and disbursed,
- and some reprogramming within the rules Congress set in the Ukraine supplementals and other appropriations. Congress.gov+1
He cannot, on his own, create new Ukraine money that Congress hasn’t appropriated.
Political reality right now (no non-gov sources)
On top of the legal rules, there’s the politics:
- A significant share of Members in the current Congress are openly skeptical about further, large Ukraine packages, often citing corruption and oversight concerns.
- If Trump demanded a big new Ukraine supplemental that leadership and the base didn’t want, he would risk burning political capital with his own majority.
Legally, he can ask; practically, he’s constrained by what Congress is willing to vote for.
2. What did Congress budget for Ukraine in November 2025?
Short answer using only U.S. government sources:
- In November 2025, Congress passed H.R. 5371, the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026.
- It is a continuing resolution (CR) that:
- Ends the October–November 2025 government shutdown, and
- Extends FY2026 “continuing appropriations” for most federal agencies through January 30, 2026, generally at FY2025 levels. Congress.gov
- The official House Appropriations Committee press release describes this as a “clean funding extension” that extends funding “until January 30” and notes the shutdown “lasted 43 days.” House Appropriations GOP
What exactly does H.R. 5371 do?
The Congress.gov CRS summary (for H.R. 5371, now Public Law 119-37) states: Congress.gov
“This bill ends the government shutdown by providing FY2026 continuing appropriations for most federal agencies through January 30, 2026…”
and
“The CR funds most programs and activities at the FY2025 levels with several exceptions…”
Key implications:
- It is not a Ukraine-specific law.
- It continues existing accounts (including those that can be used for Ukraine) at about FY2025 levels for a short period.
- It does not create a new, headline Ukraine supplemental title the way the five earlier Ukraine emergency laws did.
From the House Appropriations Committee’s official November 12, 2025 press release, we see the same points in political language:
- Shutdown “lasted 43 days”.
- The CR is a “clean and straightforward short-term CR … [that] simply extends funding until January 30.” House Appropriations GOP
Nothing in that official material indicates a brand-new, separate Ukraine aid package passed in November 2025.
So, if someone says, “In November 2025 Trump budgeted $X more for Ukraine,” the government’s own documents show:
November 2025 = general stopgap for the whole government, not a separate Ukraine supplemental.
3. What Ukraine money was already on the books by then?
By the time you reach November 2025, Ukraine funding mostly comes from:
a) The five Ukraine supplemental laws (2022–2024)
CRS’s IF12305 “U.S. Direct Financial Support for Ukraine” (on Congress.gov) lists the five emergency supplemental measures specifically responding to Russia’s invasion of Ukraine: Congress.gov
- Ukraine Supplemental Appropriations Act, 2022 – P.L. 117-103, Div. N
- Additional Ukraine Supplemental Appropriations Act, 2022 – P.L. 117-128
- Ukraine Supplemental Appropriations Act, 2023 – P.L. 117-180, Div. B
- Additional Ukraine Supplemental Appropriations Act, 2023 – P.L. 117-328, Div. M
- Ukraine Security Supplemental Appropriations Act, 2024 (USSAA) – P.L. 118-50, Div. B
CRS then states:
“As of January 2025, Congress has appropriated a total of nearly $174.2 billion from FY2022 through FY2024 in supplemental appropriations in response to Russia’s war against Ukraine.” Congress.gov
The official UkraineOversight.gov Funding page uses essentially the same number and breaks it out: Ukraine Oversight
- $174.2 billion from the five Ukraine supplementals (FY2022–FY2024),
- plus $22.3 billion from annual agency appropriations,
- plus $1.1 billion from other supplemental acts,
for a total of about $187 billion in appropriations related to Operation Atlantic Resolve and the Ukraine response.
That’s all money that Congress has already appropriated before the November 2025 CR.
b) Ongoing defense and security authorities
CRS’s R47275 “Supplemental Funding for Ukraine” details how these laws: Congress.gov
- Raised the cap on Presidential Drawdown Authority for defense articles,
- Created and funded the Ukraine Security Assistance Initiative (USAI),
- Expanded and adjusted transfer and reprogramming authorities for Ukraine-related support.
Later, the FY2026 National Defense Authorization Act (NDAA), in the Senate Armed Services Committee executive summary, notes that it extends USAI through 2028 and increases its authorized funding to $500 million (authorization, not appropriation, but still part of the Ukraine toolkit available once Congress supplies appropriations). Armed Services Committee
Again, that’s not a November-2025 thing; it’s part of the broader FY2026 defense legislation.
4. So how do you answer “Trump just allocated $X for Ukraine in November 2025”?
Using only U.S. government documents, you can say:
- Congress, not Trump, legally allocates the money.
- Congress has enacted five Ukraine supplemental appropriation acts plus related annual appropriations, totaling about $174.2 billion in Ukraine supplementals and $187 billion overall for the Ukraine response by early 2025. Congress.gov+1
- In November 2025, Congress did not pass a new, standalone Ukraine aid law.
- It passed H.R. 5371 (P.L. 119-37), a continuing resolution that:
- Ended the 43-day shutdown and
- Extended most funding at FY2025 levels through January 30, 2026. Congress.gov+1
- Nothing in the official CRS summary or House Appropriations release suggests a separate, new Ukraine-only tranche in November 2025.
- It passed H.R. 5371 (P.L. 119-37), a continuing resolution that:
- Trump’s actual role is:
- He signs or vetoes what Congress sends him (H.R. 5371 became law on Nov. 12, 2025). Congress.gov
- He chooses whether to request more Ukraine money in future supplementals. Congress.gov
- Through OMB apportionment and statutory authorities (drawdown, reprogramming, etc.), his administration controls the pace and form in which already-appropriated Ukraine funds are used. Congress.gov+1
Sources: Midtown Tribune news ,

