|
Bulletin: Trump Says He’s Bringing $15 Billion Lawsuit Against New York Times (Bloomberg)
President Donald Trump filed a $15 billion defamation and libel lawsuit against The New York Times, accusing the paper of serving as a “mouthpiece” for the Democrats and pitting himself against one of the world’s oldest and most prominent news organizations.
In the lawsuit, Trump criticized the Times’ “deranged” endorsement of former presidential candidate Kamala Harris in the 2024 election, saying it was featured prominently on the paper’s front page and included a “hyperbolic” opening line that it’s “hard to imagine a candidate more unworthy to serve as president of the United States than Donald Trump.”
The amount he’s seeking exceeds the market capitalization of The New York Times Co., which currently stands at about $9.65 billion.
The case, filed in federal court in Tampa, Florida, cites the Times’ news and opinion articles as well as the 2024 book 'Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success,' written by two of the paper’s reporters.
Tech Talks: US, China Reach TikTok ‘Consensus,’ Setting Up Trump-Xi Call (Bloomberg)
US and Chinese officials have reached a preliminary agreement on the future of TikTok, easing one of the most contentious issues between the world’s two largest economies.
After two days of talks in Madrid, Treasury Secretary Scott Bessent said the two sides agreed on a “framework” to divest TikTok from its Chinese parent company, ByteDance.
President Trump and China’s leader, Xi Jinping, are expected to speak on Friday to approve the deal. Bessent described the agreement as one between “two private parties,” under which TikTok would shift to US-controlled ownership.
Google Surge: Alphabet Surpasses $3 Trillion in Market Value (Bloomberg)
Alphabet Inc.
on Monday became the fourth company, alongside Nvidia, Microsoft and Apple, to surpass a $3 trillion market value, underscoring improving investor sentiment toward the Google parent.
Today at the Fed: Appeals Court Blocks Trump Bid to Fire Lisa Cook Before Fed Rates Meeting (Bloomberg)
As Lisa Cook fights to stay in her position, Trump’s economic adviser Stephen Miran is on his way to joining the Federal Reserve board after the Senate confirmed him to the post in a vote Monday evening. He’ll fill a seat recently vacated by former Fed Governor Adriana Kugler.
Policy Clash:
Trump’s
Reversals on Immigration Mount Over Economic Concerns (New York Times)
Drug War at Sea: US Hits Second Boat Carrying Drugs From Venezuela, Trump Says (Bloomberg)
President Donald Trump said the US struck a second vessel ferrying drugs from Venezuela, underscoring his determination to proceed with attacks that have heightened tensions and raised questions about their legality.
US forces “conducted a SECOND Kinetic Strike against positively identified, extraordinarily violent drug trafficking cartels and narcoterrorists” from Venezuela who were “in international waters transporting illegal narcotics,” Trump said in a social media post.
The post included a link to a video that showed a vessel rolling in the waves in unidentified waters. After several seconds it is consumed by a massive fireball. Trump said the attack “resulted in 3 male terrorists killed in action.”
Don't Miss Today's Daily Read Podcast: Click here to listen to the latest episode of the AI-generated companion of today's newsletter on Spotify. It's also available on Apple Podcasts.
Take a listen today.
Fallout: Trump Advisers Prepare to Target Left-Leaning Groups After Kirk Shooting (Wall Street Journal)
The White House is moving swiftly to galvanize the outpouring of support for slain conservative activist Charlie Kirk into political momentum, as President Trump’s advisers weigh a slate of executive actions targeting liberal organizations.
Right's Free Speech Police: Republicans Embrace Speech Limits (Axios)
President Trump and MAGA spent
years lampooning censorship, discrimination against conservatives, and progressive "cancel culture." Now in power — and riding an outpouring of grief and fury over Charlie Kirk's tragic killing — they're enforcing speech codes to punish ideological opponents. Backed by the Trump administration, digital vigilantes are demanding arrests, firings and deportations for anti-Kirk posts and remarks.
NYC Congressional Primary Latest: Micah Lasher, Nadler’s Protégé, Says He Is Running to Succeed His Mentor (New York Times)
Micah Lasher, a first-term Manhattan Democrat, announced he will run for the seat being vacated by Rep. Jerrold Nadler, his mentor, who is retiring after three decades in Congress.
The 12th District, one of the nation’s most Democratic, is expected to draw a crowded primary field. Nadler, 78, recently said he would step down amid calls for generational change, creating a rare opening in the district spanning Union Square to Central Park.
Renovation Alert: Barclays
to Revamp Trading Floors in Overhaul of New York HQ
(Bloomberg)
Barclays is preparing to spend at least $1 billion to renovate its skyscraper in New York’s Times Square, becoming the latest financial giant to invest in updating its office space in the city.
The company will begin construction on its tower at 745 Seventh Avenue in mid-2026, and the project, which is currently in the design phase, is expected to wrap up in 2030.
|