Key points from Donald Trump's news conference

Key points from Donald Trump's news conference

(RNN) - President-elect Donald Trump held his first press conference in 167 days – since July on the campaign trail – on Wednesday at Trump Tower in New York City. He hasn't been silent, however. NPR reports that as of midnight Wednesday, he has tweeted 1,601 times since then. That doesn't include the tweets about CNN and BuzzFeed before the news conference.

Here are some key takeaways from the news conference.

How he plans to resolve his business conflicts

Trump will not divest himself from his business empire. The president-elect will turn over operations to a business trust that will be controlled by his two sons, Donald Trump Jr. and Eric Trump, and a business associate. Ivanka Trump will resign from the business. Her husband, Jared Kushner, will be a senior adviser to the president-elect.

The Trump Organization will not enter any new deals with foreign partners. The trust will donate all profits from foreign sources, but not revenue, to the U.S. government at the end of the year and a-yet-to-be-named ethics adviser will be put in place to examine domestic deals.

Sheri Dillon, a lawyer who read the decision during the middle of the news conference, rejected the emoluments clause in the Constitution. The clause prohibits federal government officials from taking payments or gifts from foreign governments.

Trump wants to repeal and replace Obamacare simultaneously 

Trump said that he and his Republican colleagues are currently planning to repeal and replace the Affordable Care Act.

"You're going to be very, very proud not only as the media and reporters about what we put forth," Trump said. "Obamacare is a complete and total disaster."

Under Obamacare, deductibles and premiums have increased, but more than 6.4 million individuals signed up for the service during 2016's open enrollment phase. Some of the premium increases are offset by federal subsidies.

Trump did not provide specific details about the plan he hopes to replace Obamacare with.

Intelligence community

The president-elect levied fierce criticism on the intelligence community after BuzzFeed's decision to release an unverified document claiming Russia had compromising evidence against Trump.

"I think it's a disgrace that information would be let out," he said.

He added that, if this information was released by a U.S. intelligence agency, it would be a "tremendous blot" on their credibility.

He's mad at CNN and BuzzFeed 

Soon-to-be press secretary Sean Spicer prefaced the conference, citing Buzzfeed's reporting as, "highly salacious and flat-out false information."

Near the end of the news conference, Trump accused CNN and Buzzfeed of reporting "fake news." CNN reporter Jim Acosta asked Trump if he could ask a question regarding the controversy, but Trump said, "No, I'm not going to give a question."

Trump then said, "You're fake news."

"I felt that it was only fair if our news organization was going to be attacked that we get a follow-up question from Donald Trump," Acosta said.

CNN has since released a statement differentiating their reporting from Buzzfeed's.

Trump believes Russia was behind the hacks

Trump admitted that he believed Russia was behind the DNC hacking; however, he made sure to say that the U.S. has been hacked by several other countries.

"As far as hacking, I think it was Russia, but I think we also get hacked by other countries and other people," he said. "Hacking is bad, and it shouldn't be done, but look at the things that were hacked. Look at what was learned from that hacking."

Trump, who says he will take a hardline stance on cyber warfare, praised the RNC for its hacking defenses and lambasted the DNC's security. He also criticized John Podesta, who was the chairman of the Clinton campaign.

The president-elect has promised to develop a new strategy to combat hacking and cyber warfare.

He wants to reform the drug industry

Trump said that the pharmaceutical industry has too much lobbying power and drugs are too expensive. Some drugs are patented or have no competition because similar therapies are not available, per the New York Times.

Trump also claimed that that most drugs are not manufactured here. Regardless, all drugs have to meet Food and Drug Administration standards.

New VA secretary

Dr. David Shulkin, MD, was named by the president-elect to lead the Department of Veterans Affairs.

Shulkin was originally appointed by President Barack Obama to lead the department in 2015.

He still wants Mexico to pay for the border wall

Trump said that the border wall was still a reality, and that Mexico would be paying for it. This comes after reports that suggested the American people would have to foot the bill.

He did, however, indicate that he wants to get started on the wall sooner rather than later. Further, he said Mexico would pay the U.S. back for work done at a later date, either through a direct payment or some type of taxation.

He wants a border tax on businesses who leave the U.S.

Trump threatened that any business that takes its manufacturing outside of the U.S. will face a border tax when reentering its products into the America economy. However, Congress will need to pass any laws regarding any tariffs or taxes related to trade.

SCOTUS nomination timeline

Trump said he expects to tap a replacement for the late Justice Antonin Scalia within two weeks of his inauguration. The president-elect has previously floated a list of 21 potential Supreme Court nominees, which included Don Willett, Sen. Ted Cruz and William Pryor.

Trump said conservative think-tank the Federalist Society approved of his list.

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