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WASHINGTON (AP) — Federal prosecutors urged a judge on Tuesday to reject Hunter Biden’s efforts to dismiss the gun charges against him, revealing that investigators last year found cocaine residue on the pouch the president’s son used to hold his gun. “To be clear, investigators literally found drugs on the pouch where the defendant had kept his gun,” prosecutors said. Hunter Biden has since said that he’s stopped using drugs and has worked to turn his life around. Hunter Biden’s criminal proceedings are also happening in parallel to so far unsuccessful efforts by congressional Republicans to link his business dealings to his father. Republicans are pursuing an impeachment inquiry into President Biden, claiming he was engaged in an influence-peddling scheme with his son.

Persons: Hunter, Joe Biden’s, Hunter Biden's, ” Hunter Biden, “, Hunter Biden, he’s, didn't, David Weiss —, Donald Trump, Biden, Trump, ____ Richer Organizations: WASHINGTON, —, FBI, Trump, Prosecutors, Justice Department, U.S . Attorney, Republicans, Biden family’s Locations: Delaware, Boston

☆ DOJ says Hunter Biden prosecutor David Weiss can testify to House Judiciary Committee in 'near term'
▼ + stars: | 2023-09-25 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

U.S. Attorney David Weiss speaks during a press conference on May 3, 2018, at his district office in Wilmington, Del. The Department of Justice said that David Weiss — the special counsel prosecuting Hunter Biden — in the "near term" will be able to testify to the House Judiciary Committee as part of its own probe of the son of President Joe Biden. But the DOJ in a letter Friday to the House panel did not commit to making Weiss available by mid-October, as committee chairman Rep. Jim Jordan, R-Ohio, has asked. And it is not clear when Weiss will be allowed to appear by the DOJ. "However, any additional testimony and documents shared at this early juncture must continue to be appropriately limited to protect the ongoing matter and important confidentiality interests."

Persons: David Weiss, David Weiss —, Hunter Biden —, Joe Biden, Weiss, Jim Jordan, Biden, Carlos Uriarte, Uriarte Organizations: The, Justice, DOJ, Department Locations: Wilmington, Del, Ohio

Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.

Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown

“The appointment of Mr. Weiss reinforces for the American people the department’s commitment to both independence and accountability in particularly sensitive matters,” Mr. Garland said. Mr. Clark and the Justice Department prosecutors overseeing the case had distinctly different understandings of the immunity Hunter Biden would receive from the deal. House Republicans quickly signaled the special counsel appointment would not alleviate their criticism of the investigation into Hunter Biden. agents was that Mr. Weiss had sought to bring charges against Hunter Biden in Washington and California but was rebuffed after prosecutors in those jurisdictions declined to partner with him. House Republicans have also issued subpoenas to six banks, detailing millions that were paid to Hunter Biden and his business partners from overseas companies.

Persons: General Merrick B, Garland, Biden’s, Hunter, Justice Department’s, David C, Weiss, Hunter Biden, Biden, —, Garland scoffed, Weiss —, “, Mr, Jack Smith, Donald J, Trump, Robert K, Hur, Trump’s, Hunter Biden’s, Christopher Clark, ” Mr, Clark, ”, Russell Dye, Jim Jordan, “ Weiss, Kevin McCarthy, Biden’s D.O.J, couldn’t, Devon Archer, Archer, Chris Cameron Organizations: Justice, Internal Revenue Service, Mr, Republican, Republicans, Justice Department, House Republicans, Biden, Congress, Department, Trump Locations: Washington, U.S, Delaware, Delaware , Washington, Wilmington, Del, Ohio, Washington and California

☆ Everyone is getting paid these days — except investment bankers
▼ + stars: | 2023-06-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

It's been a tough go for investment bankers recently. As if all that wasn't bad enough for bankers, The Wall Street Journal recently reported that even lawyers are now making more money than them. It turns out the culprit, as is often the case on Wall Street, is inflation. It's getting really tough these days to make the case for getting into investment banking. That begs the question: Why bother getting into investment banking at all?

Persons: Dan DeFrancesco, we've, Klaus Vedfelt, It's, —, Robert Kindler's, Morgan Stanley, Paul Weiss —, hasn't, Seth Rogen, Nick Offerman, Paul Dano, Steve Cohen, Alexandra, Emily Oster, David Solomon, Goldman Sachs, Solomon, Jeffrey Cane, Nathan Rennolds Organizations: GameStop, Street Journal, Sony, Bloomberg, Harvard, JPMorgan, Economist Intelligence, LinkedIn Locations: Republic, Semafor, New York, London

☆ Investment banking has gotten so bad even the lawyers are making more money these days
▼ + stars: | 2023-06-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

Partners at big law firms now average upward of $3 million a year in compensation, reports The Wall Street Journal. As if all that wasn't bad enough for bankers, The Wall Street Journal recently reported that even lawyers are now making more money than them! It turns out the culprit, as is often the case on Wall Street, is inflation. Most large law firms increase their rates by about 4% annually, according to the WSJ. It's getting really tough these days to make the case for getting into investment banking.

Persons: It's, —, Robert Kindler's, Morgan Stanley, Paul Weiss —, hasn't Organizations: Wall Street, Wall, Morning, Street Journal

☆ Biden's student-loan forgiveness might not be doomed if the Supreme Court strikes it down — he could take another legal path
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Some advocates and lawmakers argue the Higher Education Act can be used to cancel student debt. "I believe it probably would have been better for him to use the Higher Education Act of 1965," Weiss said. The Higher Education Act as an alternativeSome Democratic lawmakers and experts argue that the authority to cancel student debt has always existed under the Higher Education Act. Legal experts have also voiced support for the Higher Education Act. The Education Department did not immediately respond to Insider's request for comment on whether it is considering pursuing alternative routes to debt relief, including via the Higher Education Act.

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