Trump nominates Pam Bondi for AG

President-elect Donald Trump nominated former Florida attorney general Pam Bondi to head the DoJ after his original pick Matt Gaetz decided to withdraw amid allegations of sexual misconduct. In Germany, defence minister Boris Pistorius has declined to stand against unpopular Chancellor Olaf Scholz to head the SPD going into February’s snap election. Lithium ion battery firm Northvolt files for Chapter 11 bankruptcy in the U.S., hampering Europe’s EV ambitions. And in crypto news, Bitcoin inches towards six figures in valuation as investors continue to back the Trump trade.