| Senator Marco Rubio campaigning for Donald Trump in Georgia. Photographer: Christian Monterrosa/Bloomberg Donald Trump is expected to appoint former rival Marco Rubio as secretary of state, a person familiar said. The president-elect is leaning heavily on allies, China skeptics and Floridians as he builds his cabinet. Mike Waltz was said to be selected as national security advisor and CNN reported that Kristi Noem will head homeland security. Missing from a formal role at the White House is Donald Trump Jr., who’s said to be joining venture capital firm 1789 Capital instead. Here’s a look at who’s who in the next administration. Champagne corks will be popping on Wall Street with bonuses looking set to climb across almost all of banking for the first time since 2021. Investment bankers, traders and asset- and wealth-managers are all poised for double-digit increases, according to Johnson Associates. Here’s a reminder what some bigwigs would make if their stock options pay off. Covid vaccine maker AstraZeneca promised to invest $3.5 billion in the US by the end of 2026, bulking up a business that generates twice as much revenue as its home European market. Cancer drugs are driving growth, as its boss spelled out in a recent interview German lawmakers agreed to hold elections in February, more than six months ahead of schedule. Europe’s largest economy was plunged into political uncertainty last week after Chancellor Olaf Scholz fired his finance minister. The new CEO of the company behind KitKat candy bars and Nescafe coffee faces the challenge of regaining investor trust after his predecessor departed under a cloud of disappointing sales. Laurent Freixe must revive Nestle—and prove the $100 billion company was right to promote him from within. | 