The Dow Jones Industrial Average fell more than 1,100 points Wednesday. Earlier in the day, the Federal Reserve lowered its benchmark rate a quarter-point. However, the precipitous drop in stock markets came after Federal Reserve Chairman Jerome Powell's remarks that the Fed may not slash rates in 2025 as much as had initially been projected. Kelly O'Grady explains. We are learning more about the background of a 15-year-old girl who authorities said opened fire Monday at a Christian school in Madison, Wisconsin, killing two people and wounding six others. Ian Lee reports from Madison. Luigi Mangione, the man indicted on murder charges in the shooting death of UnitedHealthcare CEO Brian Thompson, is expected to waive extradition back to New York, his lawyer said Wednesday. Mangione is currently in custody in Pennsylvania. The Supreme Court said Wednesday it will hear an appeal from TikTok over a federal law that would ban the social media giant if it is not sold by its Chinese parent company. Jan Crawford has more. A bipartisan House deal on a short-term funding measure that would avoid a potential shutdown and keep the government operational through March appeared to have been scrapped Wednesday after President-elect Donald Trump, Vice President-elect JD Vance and some hardline Republican lawmakers came out against it. Nikole Killion has details from Capitol Hill. A 15-year-old girl who fell victim to artificial intelligence-created deepfake pornography is pushing Congress to pass a bill that would require social media companies and websites to remove non-consensual, pornographic images created with AI. Jim Axelrod reports. Analysts estimate Bashar al-Assad's regime raked in $5 billion per year from the Captagon drug trade, dwarfing Syria's official budget and making it a lifeline for the bankrupted country. Imtiaz Tyab has new details about what was discovered about the trade after Assad's rule collapsed.

The House has voted to approve a stopgap plan to fund the government until mid-March, with a bipartisan coalition embracing an agreement a few hours before a midnight deadline to avert a shutdown. Nikole Killion has the latest developments. A record number of Americans are expected to be on the move over the holidays. Nearly 120 million people are estimated to pack the nation's airports and highways between now and New Year's Day, according to AAA. Kris Van Cleave has more. At least two people are dead and dozens more injured after a vehicle plowed into a crowd at a Christmas market in Magdeburg, Germany. Authorities say the driver of the car was arrested and that it appears to be a deliberate attack. Elaine Cobbe has details. Over 100,000 people were forcibly disappeared under Bashar al-Assad's regime in Syria, according to rights groups. Imtiaz Tyab spoke with people desperate to find their loved ones after Damascus fell to Syrian rebels. Roger Carstens, the Biden administration's top official for freeing Americans held overseas, is in Syria for a high-risk mission: making the first known face-to-face contact with the caretaker government and asking for help finding missing American journalist Austin Tice. Carsten spoke to CBS News in an exclusive interview for "Face the Nation." Employees at Starbucks stores started a five-day strike in several U.S. cities, including Chicago and Los Angeles. Meanwhile, workers are on strike at more than a half dozen Amazon facilities, with more locations expected to join. Carter Evans has details.