Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Manchin, Sinema dash Democratic hopes for NLRB Sens. Kyrsten Sinema (I-Ariz.) and Joe Manchin (I-W.Va.) on Wednesday joined almost every Senate Republican in voting to block Lauren McFerran’s renomination to the National Labor Relations Board (NLRB). © The Associated Press Reconfirming McFerran would have locked in a Democratic advantage on the NLRB. Her term is up next week.   Including McFerran, the board sits at three Democrats and one Republican, with one GOP vacancy.   Trump and Republicans will now have the ability to confirm two nominees to the board, giving them a one-seat advantage at that time.   The news will have major repercussions for big business and labor unions, as the board has a major say in settling disputes between those two parties.   “It is deeply disappointing, a direct attack on working people, and incredibly troubling that this highly qualified nominee — with a proven track record of protecting worker rights — did not have the votes,” Senate Majority Leader Chuck Schumer (D-N.Y.) said.   The Hill's Al Weaver has the story here.   Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Biden doubles tariffs on Chinese solar panel components The Biden administration will double tariffs on certain solar panel components that are made in China, it announced Wednesday.  Full Story   Schumer says Senate will vote on Social Security changes  Senate Majority Leader Chuck Schumer (D-N.Y.) said Wednesday he’s “doing everything” he can to try to pass legislation that would enact some Social Security before Congress ushers in a new class next month.  Full Story   Trump to ring opening bell at NYSE President-elect Trump will ring the opening bell at the New York Stock Exchange (NYSE) in New York on Thursday, a source familiar with the plans confirmed.  Full Story   Bessent: Powell can serve out remainder of term as Fed chair Scott Bessent, President-elect Trump’s pick to lead the Treasury Department, said Tuesday that Federal Reserve Chair Jerome Powell can serve out the remainder of his term leading the central bank.   Full Story {{if !contains(profile.lists,"Evening Report")}   {/if}}{{if !contains(profile.lists,"Evening Report")} COMING UP The Hill's Evening Report breaks down the day's big political stories and looks ahead to tomorrow. Click here to sign up & get it in your inbox {/if}}   The Ticker  Upcoming news themes and events we're watching: The producer price index (PPI) for November comes out Thursday morning at 8:30 a.m. ET.   In Other News  Branch out with more stories from the day: Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000 NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation … Full Story   Good to Know  Business and economic news we've flagged from other outlets: Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000 (CNBC) Seismic Political Shifts Are Likely to Continue (The New York Times) Elon Musk becomes the first person to reach a net worth of $400 billion (CNN)   What Others are Reading  Top stories on The Hill right now: Mace, activist dispute handshake that resulted in arrest A disputed handshake is at the center of a Tuesday incident involving Rep. Nancy Mace (R-S.C.) that resulted in an Illinois man’s arrest, according to a police report and a witness who spoke to The Hill. Read more Five things to know about the recent drone sightings in New Jersey Reports of drone sightings in New Jersey have rattled Garden State residents in recent days, with Gov. Phil Murphy (D) saying on Monday that he is taking them “deadly seriously.” Read more   What People Think  Opinion related to business and economic issues submitted to The Hill: For Trudeau, Trump’s tariff threat is a test      You're all caught up. See you tomorrow!