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By MELINA WALLING Associated Press BAKU, Azerbaijan (AP) — In the wee hours Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. It’s a far-from-perfect arrangement, with many parties still deeply unsatisfied but some hopeful that the deal will be a step in the right direction. World Resources Institute president and CEO Ani Dasgupta called it “an important down payment toward a safer, more equitable future,” but added that the poorest and most vulnerable nations are “rightfully disappointed that wealthier countries didn’t put more money on the table when billions of people’s lives are at stake.” The summit was supposed to end on Friday evening but negotiations spiraled on through early Sunday. With countries on opposite ends of a massive chasm, tensions ran high as delegations tried to close the gap in expectations. Here’s how they got there: What was the finance deal agreed at climate talks? Rich countries have agreed to pool together at least $300 billion a year by 2035. It’s not near the full amount of $1.3 trillion that developing countries were asking for, and that experts said was needed. But delegations more optimistic about the agreement said this deal is headed in the right direction, with hopes that more money flows in the future. The text included a call for all parties to work together using “all public and private sources” to get closer to the $1.3 trillion per year goal by 2035. That means also pushing for international mega-banks, funded by taxpayer dollars, to help foot the bill. And it means, hopefully, that companies and private investors will follow suit on channeling cash toward climate action. The agreement is also a critical step toward helping countries on the receiving end create more ambitious targets to limit or cut emissions of heat-trapping gases that are due early next year. It’s part of the plan to keep cutting pollution with new targets every five years, which the world agreed to at the U.N. talks in Paris in 2015. The Paris agreement set the system of regular ratcheting up climate fighting ambition as away to keep warming under 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The world is already at 1.3 degrees Celsius (2.3 degrees Fahrenheit) and carbon emissions keep rising. What will the money be spent on? The deal decided in Baku replaces a previous agreement from 15 years ago that charged rich nations $100 billion a year to help the developing world with climate finance. The new number has similar aims: it will go toward the developing world’s long laundry list of to-dos to prepare for a warming world and keep it from getting hotter. That includes paying for the transition to clean energy and away from fossil fuels. Countries need funds to build up the infrastructure needed to deploy technologies like wind and solar power on a large scale. Communities hard-hit by extreme weather also want money to adapt and prepare for events like floods, typhoons and fires. Funds could go toward improving farming practices to make them more resilient to weather extremes, to building houses differently with storms in mind, to helping people move from the hardest-hit areas and to help leaders improve emergency plans and aid in the wake of disasters. The Philippines, for example, has been hammered by six major storms in less than a month, bringing to millions of people howling wind, massive storm surges and catastrophic damage to residences, infrastructure and farmland. “Family farmers need to be financed,” said Esther Penunia of the Asian Farmers Association. She described how many have already had to deal with millions of dollars of storm damage, some of which includes trees that won’t again bear fruit for months or years, or animals that die, wiping out a main source of income. “If you think of a rice farmer who depends on his or her one hectare farm, rice land, ducks, chickens, vegetables, and it was inundated, there was nothing to harvest,” she said. Why was it so hard to get a deal? Election results around the world that herald a change in climate leadership, a few key players with motive to stall the talks and a disorganized host country all led to a final crunch that left few happy with a flawed compromise. The ending of COP29 is “reflective of the harder geopolitical terrain the world finds itself in,” said Li Shuo of the Asia Society. He cited Trump’s recent victory in the US — with his promises to pull the country out of the Paris Agreement — as one reason why the relationship between China and the EU will be more consequential for global climate politics moving forward. Developing nations also faced some difficulties agreeing in the final hours, with one Latin American delegation member saying that their group didn’t feel properly consulted when small island states had last-minute meetings to try to break through to a deal. Negotiators from across the developing world took different tacks on the deal until they finally agreed to compromise. Meanwhile, activists ramped up the pressure: many urged negotiators to stay strong and asserted that no deal would be better than a bad deal. But ultimately the desire for a deal won out. Some also pointed to the host country as a reason for the struggle. Mohamed Adow, director of climate and energy think tank Power Shift Africa, said Friday that “this COP presidency is one of the worst in recent memory,” calling it “one of the most poorly led and chaotic COP meetings ever.” The presidency said in a statement, “Every hour of the day, we have pulled people together. Every inch of the way, we have pushed for the highest common denominator. We have faced geopolitical headwinds and made every effort to be an honest broker for all sides.” Shuo retains hope that the opportunities offered by a green economy “make inaction self-defeating” for countries around the world, regardless of their stance on the decision. But it remains to be seen whether the UN talks can deliver more ambition next year. In the meantime, “this COP process needs to recover from Baku,” Shuo said.This is CNBC's live blog covering European markets. European stocks are expected to open higher Monday as global market sentiment rises. 24/7 San Diego news stream: Watch NBC 7 free wherever you are The U.K.'s FTSE 100 index is expected to open 22 points higher at 8,290, Germany's DAX up 127 points at 19,435, France's CAC up 55 points at 7,305 and Italy's FTSE MIB up 275 points at 33,912, according to data from IG. Data releases include the Ifo business climate index in Germany. There are no major earnings releases. Global market sentiment has been boosted by President-Elect Donald Trump signaling his intention to nominate Key Square Group founder Scott Bessent as U.S. Treasury secretary. Investors have generally viewed the pick favorably and see the hedge fund manager as someone who will be supportive of the equity market. However, Trump stated that Bessent would help him implement protectionist trade policies, which could affect the market. U.S. stock futures climbed Sunday night as Wall Street kicked off a shortened Thanksgiving trading week. Markets are closed on Thursday for Thanksgiving Day and end early on Friday. Meanwhile, Asia-Pacific markets mostly rose Monday, with investors awaiting a slew of economic data this week, including China industrial data and India's third-quarter gross domestic product numbers. Money Report China's central bank keeps medium-term loan rate unchanged amid yuan weakness Six travelers in Laos died from suspected tainted alcohol. Here's where incidents happen the most CNBC Pro: How to invest $500,000 for the year ahead, according to 2 wealth managers As investors position their portfolios for 2025, wealth managers are advocating for a diversified approach with selective bets on undervalued sectors. CNBC Pro spoke to Ollie Clark, deputy head of research at WH Ireland, and Mark Preskett, senior portfolio manager at Morningstar Wealth, about how investors with roughly $500,000 could look to allocate their portfolio. One of them also suggested how investors could capitalize on President-elect Donald Trump's policies. CNBC Pro subscribers can read more here. — Ganesh Rao CNBC Pro: Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside. The Wall Street bank identified its top overweight-rated stocks with over $2 billion in market cap and a revenue or capital expenditure exposure to sustainability themes. Among its list of top stocks to buy are two renewable energy companies with over 60% upside potential. CNBC Pro subscribers can read more here. — Amala Balakrishner European markets: Here are the opening calls European markets are expected to open higher Monday. The U.K.'s FTSE 100 index is expected to open 22 points higher at 8,290, Germany's DAX up 127 points at 19,435, France's CAC up 55 points at 7,305 and Italy's FTSE MIB up 275 points at 33,912, according to data from IG. Data releases include the Ifo business climate index in Germany. There are no major earnings releases. — Holly Ellyatt Also on CNBC The mullet market: Steady benchmarks in the front, crypto party in the back Donald Trump chooses hedge fund executive Scott Bessent for Treasury secretary Investor focus shifts to rate cut outlook on Thanksgiving week

The daughter of former Rep. Carolyn Maloney is riding her mother’s coattails in a “shameless” bid to reclaim the 78-year-old Democrat’s old City Council seat, insiders told The Post. Virginia Maloney, a product manager at Meta, has flaunted her political pedigree in campaign material to potential voters since announcing her bid last month to replace term-limited Democratic Councilman Keith Powers, whose district comprises much of the Upper East Side and Midtown. On her campaign website, the 37-year-old UES native lays out her concerns about the need for more affordable housing, combating extremism and improving healthcare access — but also leans into family lore of her mother going into labor with her while debating legislation on the City Council floor. “My mother — a teacher, City Councilwoman and Member of Congress — taught me to believe in myself as a woman and that when I do, I can get great things done,” the website reads . A new 30-second introductory campaign ad , which briefly touched on Virginia Maloney’s work for the city Economic Development Corp. and later the private tech sector, was similarly ham-fisted in touting the candidate’s lineage, lingering on a clear, striking portrait of her mother as she reminded people that she’s “the daughter of two public servants.” Her late father, Clifton Maloney , was a former US Navy vet and investment banker. The elder Maloney, who regularly appears in Instagram posts on Virginia Maloney’s campaign account, also is being trotted out as a host for her daughter’s campaign fundraisers both in Washington DC and the Big Apple . “Most candidates I’ve worked with who have that sort of dynasty are never this shameless,” one veteran Democratic strategist told The Post. “There is a time and a place to evoke your mom, but from Day One, in such an aggressive way, strikes me as obscenely lazy.” As of the latest campaign filings in October, Virginia Maloney had yet to document any contributions, according to campaign records. A second Democratic strategist, meanwhile, suggested Virginia Maloney’s bid for City Council is ultimately a “proxy” for her mother to eventually reclaim her old congressional seat after being trounced by fellow Manhattan Rep. Jerry Nadler in the bitter 2022 Democratic House primary. “Carolyn Maloney has been as visible at events, if not more, than the candidate,” the insider said. “Everyone knows she wants her seat back.” Carolyn Maloney, who had an estimated net worth of $13 million in 2018, previously held the City Council District 4 seat representing the Upper East Side from 1982 to 1992. Virginia attended the posh Spence School, where tuition is an eye-watering $65,846 a year. Carolyn Maloney went on to represent the nabe in Congress for another two decades , where she became a totemic figure in her district for her dogged advocacy to secure funding for the $4.4 billion 2nd Avenue subway line as well as billions to finance health programs for 9/11 first responders and the victim’s compensation fund. “Virginia is lucky to have learned a lot from her mother’s trailblazing career and she will use those lessons to serve her community and the City she loves so much,” said Shelby Garner, a campaign spokesman for Virginia Maloney and her mother’s former district chief of staff. While the Maloney name is a “great name that fits the district,” the family legacy will only take her so far in what is shaping up to be a sharply competitive race, warned Democratic strategist Hank Sheinkopf. “At some point in the future she’s going to have to be her own person,” he said. “Being her mother’s daughter won’t be sufficient.” Carolyn Maloney did not respond to requests for comment.

Utah Valley defeats Bethesda (CA) 119-59

Trump's Pentagon nominee Hegseth gets tepid welcome from some Senate RepublicansFrench Ambassador to Ghana Jules Armand Aniambossou congratulates President-elect John Mahama on election victory

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NEW HOPE, Pa. (AP) — Dayle Haddon, a Canadian-born actor, activist and trailblazing former “Sports Illustrated” model who pushed back against age discrimination by reentering the industry as a widow, has died in a Pennsylvania home from what authorities believe was carbon monoxide poisoning. Authorities in Bucks County found Haddon, 76, dead in a second-floor bedroom Friday morning after emergency dispatchers were notified about a person unconscious at the Solebury Township home. A 76-year-old man police later identified as Walter J. Blucas of Erie was hospitalized in critical condition. Responders detected a high level of carbon monoxide in the property and township police said Saturday that investigators determined that “a faulty flue and exhaust pipe on a gas heating system caused the carbon monoxide leak.” Two medics were taken to a hospital for carbon monoxide exposure and a police officer was treated at the scene. As a model, Haddon appeared on the covers of Vogue, Cosmopolitan, Elle and Esquire in the 1970s and 1980s, as well as the 1973 Sports Illustrated swimsuit issue. She also appeared in about two dozen films from the 1970s to 1990s, according to IMDb.com, including 1994’s “Bullets Over Broadway,” starring John Cusack. Haddon left modeling after giving birth to her daughter, Ryan, in the mid-1970s, but then had to reenter the workforce after her husband's 1991 death. This time she found the modeling industry far less friendly: “They said to me, ‘At 38, you’re not viable,’” Haddon told The New York Times in 2003. Working a menial job at an advertising agency, Haddon began reaching out to cosmetic companies, telling them there was a growing market to sell beauty products to aging baby boomers. She eventually landed a contract with Clairol, followed by Estée Lauder and then L’Oreal, for which she promoted the company's anti-aging products for more than a decade. She also hosted beauty segments for CBS’s “The Early Show.” "I kept modeling, but in a different way," she told The Times, “I became a spokesperson for my age.” In 2008, Haddon founded WomenOne, an organization aimed at advancing educational opportunities for girls and women in marginalized communities, including Rwanda, Haiti and Jordan.' Haddon was born in Toronto and began modeling as a teenager to pay for ballet classes — she began her career with the Canadian ballet company Les Grands Ballet Canadiens, according to her website . Haddon's daughter, Ryan, said in a social media post that her mother was “everyone’s greatest champion. An inspiration to many.” “A pure heart. A rich inner life. Touching so many lives. A life well lived. Rest in Light, Mom,” she said. The Associated Press