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☆ When the crowd leaves Trump's hush-money trial, the judge spends his day in a very different kind of court
▼ + stars: | 2024-05-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

AdvertisementGetting accepted is just the startThe Manhattan mental health court is one path available to those who plead guilty to felonies. Related storiesMerchan is the sole judge of the mental health court in all of Manhattan, and has presided over it since its founding in 2011. If the office allows it, a mental health court treatment plan can become part of their plea agreement, which includes different consequences for failures. "It's really hard, a huge burden to even get so far as to be accepted into mental health court," said Orlins. If you fail the mental health court program in such a dramatic fashion, the next step can be a sentencing hearing.

Persons: —, Donald Trump's, Stormy Daniels, Juan Merchan, Merchan, Donald Trump, Curtis Means, Trump, I'm, Eliza Orlins, Justice Juan M, Seth Wenig, Juan Merchan's, ANGELA WEISS, Orlins, Jane Rosenberg, Iris Organizations: Service, Republican, Business, New, Trump, Justice, AP, Manhattan, Attorney's, Getty, Associated Press Locations: United States, Washington, Manhattan, New York City

Fire extinguishers (R) are left at the park across from Manhattan Criminal Court in New York City after a man reportedly set himself on fire during the trial of former U.S. President Donald Trump, in New York City on April 19, 2024. A man set himself on fire Friday outside of the New York courthouse where a jury was being picked for the criminal hush money trial of former President Donald Trump. NBC News reported that the man was in an area across from Manhattan Supreme Court that is cordoned off for protestors. Judge Juan Merchan had been scheduled to hold a hearing Friday afternoon on the admissibility of past conduct by Trump as evidence at the trial. On Tuesday, New York City Mayor Eric Adams was spotted just outside the building.

Persons: Donald Trump, Trump, Judge Juan Merchan, Eric Adams Organizations: Manhattan Criminal, NBC News, Manhattan Supreme, Flames, Trump, Brooklyn Bridge, CNBC, New York Police Department, New York City Locations: Manhattan, New York City, York, Brooklyn, New York

They see Ms. Lake, who is in a competitive race that could determine control of the Senate, as an important ally. “It is time for my legislative colleagues to find common ground of common sense: the first step is to repeal the territorial law,” State Senator Shawnna Bolick posted on X. The State Senate president, Warren Petersen, and the State House speaker, Ben Toma, both Republicans, supported the abortion ban. Credit... Matt York/Associated PressDemocrats said it was urgent to pass a repeal before the court’s ruling upholding the 1864 law takes effect. Image The Arizona Supreme Court on Tuesday that upheld an 1864 law regarding abortion.

Persons: Kari Lake, Donald J, Trump, Roe, Wade, Lake, Shawnna Bolick, Bolick, Arizona Democrats clamored, Warren Petersen, Ben Toma, Mr, Toma, Matt York, Katie Hobbs, —, ”, Doug Ducey, “, that’s, Caitlin O'Hara, The New York Times “, Juan Ciscomani, David Schweikert, Ciscomani, Schweikert, “ Arizona’s MAGA, Hannah Goss, Ruben Gallego, Stephanie Stahl Hamilton Organizations: Arizona Republican, Arizona Republicans, U.S, Supreme, Republicans, Democratic, Arizona Democrats, Senate, State House, Republican, Arizona Capitol, ., Associated Press Democrats, ”, Gov, Arizona Supreme, The New York Times, State Legislature, “ Arizona’s MAGA Republicans, Democratic Party, Democrat Locations: Arizona, ”

☆ Trump seeks delay of hush money trial over 'prejudicial' press coverage, as he slams the case
▼ + stars: | 2024-04-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Attorneys for Donald Trump have asked a judge for a "significant" delay of his fast-approaching criminal hush money trial, arguing the Republican presidential nominee cannot get a fair jury due to "prejudicial pretrial publicity." The trial on charges of falsifying business records must adjourn until that press coverage "abates," Trump's lawyers wrote last week in a filing in New York Supreme Court. Those posts came after Judge Juan Merchan imposed a gag order barring Trump from speaking about likely witnesses and other figures involved in the case. Trump in a slew of recent Truth Social posts has called for Merchan's recusal from the case, accusing him of political bias. But in their court filing requesting a trial delay, Trump's lawyers argued that it was the press, not the former president, tainting the jury pool.

Persons: Donald Trump, Trump, —, Judge Juan Merchan, Prosecutors, Merchan, recusal Organizations: U.S, New York Supreme, Trump, Democratic Locations: New York City, U.S, New York

These tactics by defendant and defense counsel should be stopped," the DA's filing said, referring to Trump's attempts to further delay or derail the trial. In its filing Thursday, the DA's office called their arguments "a red herring." Federal prosecutors alleged Cohen paid the women off "in coordination with and at the direction of" Trump, who was not charged in the federal case. The former president has pleaded not guilty in the DA's case. A hearing on the matter is scheduled for Monday, when the judge could set a new trial date.

Persons: Attorney Alvin Bragg, Donald Trump, Alvin Bragg's, Robert Mueller's, Trump, Michael Cohen, Cohen, Judge Juan Merchan, it's, Stormy Daniels, didn't, Merchan Organizations: Manhattan, Attorney, Manhattan Federal, Trump, U.S Locations: Manhattan, New York, Russia

☆ Trump asks to delay New York hush money trial until the Supreme Court rules on presidential immunity several months from now
▼ + stars: | 2024-03-11 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +3 min

CNN —Attorneys for Donald Trump want to delay the start of his upcoming New York criminal trial until the US Supreme Court weighs in on presidential immunity, according to a new motion – a ruling that may not come until late June. But Trump wants to wait until after the Supreme Court rules on immunity. Trump’s lawyers also requested that Merchan hold an evidentiary hearing after the US Supreme Court rules on the presidential immunity issue to then determine what evidence of Trump’s “official acts” should be precluded based on presidential immunity. “While the concept of presidential immunity is firmly established, the doctrine’s scope presents a ‘serious and unsettled question of law.’ Therefore, the Court should adjourn the trial until the Supreme Court resolves Trump v. United States for several reasons,” Trump’s motion says. “Waiting to try the case until after the Supreme Court addresses the question before it – following oral argument just next month – will likely simplify the application of the defense to evidentiary issues raised by the People’s motions in limine.”

Persons: Donald Trump, Stormy Daniels, Trump, Juan Merchan, Michael Cohen, Daniels, haven’t, Cohen, Trump’s, ” Organizations: CNN, “, New York, Manhattan, Attorney’s, US, Trump, . United, Court Locations: New York, New, . United States, limine

NEW YORK (AP) — Donald Trump is seeking to delay his March 25 hush money trial until the Supreme Court rules on the presidential immunity claims he raised in another of his criminal cases. Trump contends he is immune for prosecution for conduct alleged to involve official acts during his tenure in office. His lawyers argue some of the evidence and alleged acts in the hush money case overlap with his time in the White House and constitute official acts. The Supreme Court is scheduled to hear arguments April 25, a month after the scheduled start of jury selection in Trump’s hush money case. A federal judge last year rejected Trump’s claim that allegations in the hush-money indictment involved official duties, nixing his bid to move the case from state court to federal court.

Persons: — Donald Trump, Juan Manuel Merchan, Merchan, Trump, Michael Cohen, Cohen, Stormy Daniels, Daniels, nixing, could’ve, —, Alvin Hellerstein, ”, Hellerstein’s, Eric Tucker Organizations: Republican, Monday, Manhattan, D.C, White, U.S, Capitol, Trump, Prosecutors, Associated Press Locations: York, Washington, Manhattan, U.S

RICHMOND, Va. (AP) — A top Democratic Virginia lawmaker vowed Wednesday to keep language enabling a proposed relocation by the NBA’s Washington Wizards and NHL’s Washington Capitals to Alexandria out of the state budget lawmakers will take up later this week. Glenn Youngkin's plan to lure the teams across the Potomac River with a $2 billion development district featuring a new arena. Moving forward, if the arena is excluded from the budget, Youngkin has a few options. Virginia governors have the ability to seek amendments to legislation, so he could attempt to put the arena language back in the budget. Democrats, who control both General Assembly chambers, could lose Youngkin’s support for some of their own priorities if they kill the arena deal.

Persons: Sen, Louise Lucas, Glenn Youngkin's, Lucas, Macaulay Porter, Youngkin, Democratic Del, Luke Torian, Lucas ’, Ted Leonsis, “, doesn't, Del, Mark Sickles, Torian, we’re, Youngkin’s Organizations: Democratic, Washington Wizards, NHL’s Washington Capitals, Finance, Commonwealth, Republican Gov, Delegates, Monumental Sports & Entertainment, Monumental, Capitals, Wizards, Capital One, ”, House, Senate, Republicans Locations: RICHMOND, Va, Alexandria, Washington, Virginia, Hampton Roads

☆ Opinion: Trump’s making America irrelevant to Europe
▼ + stars: | 2024-02-21 | by ( David A. Andelman | ) edition.cnn.com time to read: +8 min

He formerly was a foreign correspondent and bureau chief for The New York Times in Europe and Asia and for CBS News in Paris. CNN —Madeline Albright famously called America the “indispensable nation.” Is former President Donald Trump making America the irrelevant nation? The first steps toward a new direction for such a Europe — without America — are already being taken. Dursun Aydemir/Anadolu/Getty ImagesVon der Leyen has also said that upping European defense production would be a top priority for her second term — not to mention sorting through vastly divergent budgets of the various countries. Still, as a bloc, Europe at about 85 billion euros ($92 billion) has already passed the United States at 66.2 billion euros ($71.6 billion) in total commitments to Ukraine.

Persons: David A, Madeline Albright, Donald Trump, Alexey Navalny’s, Vladimir Putin, Mike Johnson, Johnson, Joe Biden, ” haven’t, Mette Frederiksen, ” Frederiksen, Ursula von der Leyen, Europe’s, Christine Wormuth, Peter, Paul, Kaja Kallas, Dursun, Leyen, Emmanuel Macron’s, Macron, David Lammy, unflinchingly, who’s, ” Kallas, Alar Karis, ” Karis, we’re, Der Spiegel, ” Organizations: CNN, French Legion of, The New York Times, CBS News, Trump, Republicans, NATO, Security, Danish, America, Africa Command, Getty, Germany’s Kiel Institute, US, Union, Munich Security Conference, British, Labour Party, Estonian, Politico Europe, Kremlin, “ Locations: Europe, Asia, Paris, America, Russia, Russian, Ukraine, “, United States, Munich, Berlin, Brussels, Poland, Estonian, Anadolu, Belgium, Germany, Italy, Netherlands, Turkey, France, Russia’s, Sweden, Britain, German

☆ Oil group OPEC and its allies delay policy-setting meeting by four days
▼ + stars: | 2023-11-22 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Opec logo displayed on a smart phone with Opec seen in the background, in this photo illustration. It was not immediately clear whether the OPEC+ group would be holding a virtual or in-person meeting on Thursday, or whether ministers would still adjourn at the OPEC secretarial headquarters in Vienna. Earlier in the day, Bloomberg News issued a report saying the meeting of Sunday could be delayed amid Saudi dissatisfaction over the oil production levels of some countries. The upcoming meeting faced a challenging market environment, defined by depressed oil prices, a slower-than-expected Chinese demand recovery and petropolitics amid conflict in the Middle East. High interest rates and banking turmoil largely slumped oil prices in the first half of the year, before a sharp boost from several voluntary supply declines announced independently of OPEC+ strategy.

Persons: Jonathan Raa, Ice Brent, —, Abdulaziz bin Salman Organizations: Getty, of, Petroleum, Ice, OPEC Secretariat, Conference of, United, United Arab Emirates —, Bloomberg News Locations: Brussels, Belgium, OPEC, Vienna, Dubai, United Arab, Saudi, Saudi Arabia, Russia, China, Israel, Iran, Venezuela

☆ US House Speaker Johnson's 'honeymoon' ends as hardline Republicans rebel
▼ + stars: | 2023-11-16 | by ( David Morgan | ) www.reuters.com time to read: +3 min

U.S. House Speaker Mike Johnson (R-LA) speaks during a press conference on Capitol Hill in Washington, U.S., November 14, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - A group of hardline Republicans has put new U.S. House Speaker Mike Johnson on notice that he can no longer count on their support for legislation, signaling a possible early end to his "honeymoon" period. "We want the message to be clear," said Representative Scott Perry, chairman of the hardline conservative House Freedom Caucus. The bill passed the House with support from 209 Democrats but only 127 Republicans - a troubling sign for the new speaker. He had also angered hardliners by suspending House rules to circumvent their hopes of blocking debate on the measure.

Persons: Mike Johnson, Elizabeth Frantz, Scott Perry, We're, Nick LaLota, Johnson, Joe Biden, Kevin McCarthy, McCarthy, Anna Paulina Luna, David Morgan, Scott Malone, Deepa Babington Organizations: Capitol, REUTERS, Rights, Republicans, ., Louisiana lawmaker, Caucus, Freedom Caucus, Republican, Democratic, Thomson Locations: Washington , U.S, Louisiana, America, Mexico, New York

We are actually going to be looking at this in the very early days of generative AI. casey newtonYeah, this feels like one of the big questions in AI right now. rebecca tushnetSo I see why you say that’s strange, but in fact, it’s exactly how you would make a general-purpose tool. But now, finally, along come these new technologies to take them down a peg, and they’re actually going to have to work for a living. So maybe they’re slapping, like, AI sort of things around the stories that they’re aggregating.

Persons: kevin roose Casey, casey newton What’s, kevin roose, casey newton Dots, casey newton, they’re, kevin roose —, casey newton Dot, CASEY, Biden, Mr, kevin roose I’m Kevin Russo, ” casey newton, Casey Newton, Rebecca Tushnet, casey newton Kevin, I’d, Rachel, kevin roose Aw, Harry Potter, kevin roose Wow, SpongeBob, Chuck Schumer, let’s, it’s, Claude, kevin roose Totally, casey newton Yes, Yann LeCun, It’s, you’re, you’ve, Sam Altman, Dario Amodei, kevin roose I’ve, Arati Prabhakar, arati prabhakar, Ben Buchanan, ben buchanan, casey newton Well, Dodd, Frank, I’m, kevin roose Will, You’ve, kevin roose God, kevin roose Hey, Casey, we’ve, Sarah Anderson, who’s, Emad Mostaque, Anderson, weren’t, Kevin, — casey newton, ” rebecca tushnet, rebecca tushnet, that’s, there’s, casey newton Right, I’ve, “ Barbie, “ Barbie ”, Sarah Anderson’s, rebecca tushnet It’s, Barbie, casey newton I’m, Rebecca, Westlaw, we’re, Cory Doctorow, what’s, casey newton Um, Pattie, it’s minty, Patties, Let’s, casey newton No, it’ll, casey newton That’s, KEVIN, “ Joe Biden, ’, Bruce Reed, Joe Biden, ” ‘, Reed, Camp David, Biden’s, —, kevin roose Jack, Jack, ”, Lily James, kevin roose Oh, kevin roose Ugh, kevin roose Horrible, kevin roose “ Cruise, ” “ Cruise, They’re, haven’t, casey newton Close, kevin roose It’s, Guy, casey newton I’ve, Newton Organizations: Target, Opera, The New York Times, White, White House, casey newton People, Google, casey, Science, Technology, Defense Department, Biden White House, Communications, Department of Commerce, European Union, Harvard Law, Midjourney, Copyright, Stability, Harvard Law School, Associated Press, Adobe, Starbucks, Disney, YouTube, Stetson, Media, Biden, NVIDIA, Variety, Staff, Associated, Microsoft, Guardian, General Motors, Cruise, House Locations: Washington, Bikini, Valley, OpenAI, Anthropic, Silicon Valley, Europe, America, York, They’re, Camp, Sydney, United States, California, Austin , Texas, Phoenix, Dallas , Houston, Miami, San Francisco, Franciscans

☆ China Evergrande faces winding-up challenge in Hong Kong court
▼ + stars: | 2023-10-29 | by ( ) www.reuters.com time to read: +2 min

An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsHONG KONG, Oct 30 (Reuters) - China Evergrande Group's (3333.HK) fate will be tested on Monday as Hong Kong's High Court hears a winding-up petition against the embattled property developer, nearly two years after it defaulted on its debts. Evergrande had been working on an offshore debt restructuring proposal for more than a year-and-a-half, but its plans were thrown off course last month when billionaire founder Hui Ka Yan was confirmed to be under investigation for suspected criminal activities. The world's most indebted property developer with more than $300 billion of total liabilities, Evergrande defaulted its offshore debt in late 2021 and became the poster child of a debt crisis that has since engulfed China's property sector. Top Shine, an investor in Evergrande unit Fangchebao, filed the winding-up petition in June 2022 because it said Evergrande had not honoured an agreement to repurchase shares the investor bought in the unit.

Persons: Florence, Evergrande, Hui Ka Yan, Clare Jim, Lincoln Organizations: REUTERS, HK, Thomson Locations: Beijing, China, HONG KONG, Evergrande

☆ House business is on ice while GOP finds new speaker
▼ + stars: | 2023-10-05 | by ( Annie Grayer | ) edition.cnn.com time to read: +5 min

The House calendar remained officially stuck on October 3 – Tuesday – the date when House Speaker Kevin McCarthy was ousted and left the chamber without adjourning. “The House of Representatives is effectively frozen,” Rep. Garret Graves, a Louisiana Republican, told reporters. As speaker pro tempore, Republican Rep. Patrick McHenry of North Carolina can perform tasks like recessing the House, adjourning the chamber and recognizing speaker nominations, according to the House Practices Guide. “Until we figure out how we have another speaker of the House, everything stops,” Rep. Kelly Armstrong, a North Dakota Republican on the House Oversight Committee, told CNN. While House Republicans intend to hold a candidate forum for would-be speakers on Tuesday, it could take time for Republicans to unify behind a single one.

Persons: Kevin McCarthy, Garret Graves, “, Patrick McHenry of, Joe Biden, Graves, ” Graves, ’, “ We’re, James Comer, we’ve, Michael McCaul, Kelly Armstrong, Tom Cole, Jim Jordan of, Steve Scalise, ” Organizations: DC CNN —, Representatives, ”, Louisiana Republican, Republican, CNN, Republicans, Kentucky, Foreign, Texas Republican, North Dakota Republican Locations: Washington, ”, Louisiana, Patrick McHenry of North Carolina, Texas, Oklahoma, Jim Jordan of Ohio, “

☆ Pelosi says interim House speaker McHenry has ordered her to vacate her office in the Capitol building
▼ + stars: | 2023-10-03 | by ( Haley Talbot | ) edition.cnn.com time to read: +2 min

CNN —Former House Speaker Nancy Pelosi on Tuesday said the newly named interim speaker, GOP Rep. Patrick McHenry of North Carolina, has ordered her to vacate her office in the Capitol building. She does maintain her regular office in the Cannon House office building. An email sent from McHenry’s office to Pelosi’s office just after 6 p.m. Tuesday evening that was viewed by CNN, stated, “Going to reassign h-132 for speaker office use. As speaker pro tempore, McHenry’s official title, the congressman will preside over the vote and selection of the House’s next speaker, with the ability to recess the chamber, adjourn it and recognize speaker nominations. Kevin McCarthy as speaker was required to submit a confidential list to the clerk of people “in the order in which each shall act as Speaker pro tempore in the case of a vacancy,” according to House rules.

Persons: Nancy Pelosi, Patrick McHenry of, “, ” Pelosi, Pro Tempore, Dianne Feinstein, ” Feinstein, Pelosi, Hastert, ”, McHenry’s, Kevin McCarthy, McHenry, McCarthy Organizations: CNN, Former, Pro, California Democrat, Senate, San Francisco City Hall, Republican Leadership Locations: Patrick McHenry of North Carolina, Cannon, Washington ,, California, McHenry

CNN —Former President Donald Trump will be in attendance Monday in a New York courtroom for the start of the civil fraud trial against him, his eldest sons, their companies and Trump Organization executives. What’s the impact of the fraud ruling? While Trump can opt to waive his presence at the civil trial, attorneys for the former president have indicated that he is eager to testify in court. Two criminal cases against Trump are scheduled for trial in March in New York and Washington, DC. Smith’s case alleging Trump mishandled classified documents is slated to go to trial in Florida federal court in late May.

Persons: Donald Trump, Judge Arthur Engoron, Trump, Letitia James, Engoron, James ’, Chris Kise, “, Kise, Donald Bender, general’s, Allen Weisselberg, Ivanka Trump, Michael Cohen, Weisselberg, who’s, E, Jean Carroll, Carroll, Jack Smith, teeing Organizations: CNN, Trump Organization, New York, Trump, Mar, longtime Trump Organization, Yorkers, Unified Court System, New, DC Locations: New York, York, Rikers, Manhattan, Washington, DC, Florida, Fulton County , Georgia

☆ Members of Congress are so tired of government shutdowns that some want to pass a bill to get rid of them forever
▼ + stars: | 2023-09-22 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

Congress has yet to reach an agreement on avoiding a government shutdown by September 30. Politico reported that legislators in the House and Senate are passing around a letter calling for a vote on legislation to get rid of shutdowns. Under that law, a two-week extension of funding would automatically kick in should Congress not pass appropriations bills in time. Congress would also not be allowed to recess or adjourn for over 23 hours during that shutdown period. "There's Democrats talking to Democrats, Republicans talking to Republicans about the bill.

Persons: James Lankford, Maggie Hassan, SCOTUS, Lankford, Chuck Schumer, Kevin McCarthy, McConnell, It's, Schumer Organizations: Service, Politico, Act, Republican, Democratic, Republicans, Independents, CNN, Management Locations: Wall, Silicon, shutdowns, —

☆ House set to adjourn as possible government shutdown looms
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse set to adjourn as possible government shutdown loomsCNBC’s Emily Wilkins joins ‘Power Lunch’ to report on the current state of the U.S. House of Representatives.

Persons: Emily Wilkins Organizations: U.S . House

☆ Doc Martens, Bomber Jackets, No Ties: Parsing Gen Z Politicians’ Style
▼ + stars: | 2023-09-17 | by ( Rachel Janfaza | ) www.nytimes.com time to read: +1 min

Caleb Hanna, a Republican in West Virginia’s House of Delegates, also said his clothes could set him apart from colleagues. On Fridays, he said, there is a tradition among some Republican members of the State House of Delegates to wear camel suit jackets, a decades-old ritual in which he has not participated. “I think that politics today is a lot different from politics of the past,” Delegate Hanna, 23, said. He started wearing the beret while organizing Black Lives Matter protests in 2020, he said. Later, when he announced his campaign for City Council, it became a way for people to recognize him.

Persons: Caleb Hanna, “, Hanna, ” Mr, Vineyard Vines, ”, “ I’m, Chi Ossé, . Martens, Ossé Organizations: Republican, West Virginia’s House, State, Vineyard, City Council, Black Panthers, New Locations: West Virginia’s, West Virginia, Brooklyn, City

SACRAMENTO, Calif. (AP) — Legislative workers at the California Capitol are close to forming their first labor union after state lawmakers approved a bill Wednesday that allows them to organize. But despite California lawmakers' pro-union stance, the people who work for them have never been allowed to form a union. An attempt to do so last year failed to get a vote in the state Assembly. INVOLUNTARY SERVITUDEThe state Assembly approved a proposal to change the state constitution to remove exemptions to involuntary servitude as a punishment for crime. The proposal would have to get a two-thirds vote in the state Senate, which doesn’t plan to vote on it until next year.

Persons: Gavin Newsom, ”, Tina McKinnor, “, —, Newsom, Assemblymember Carlos Villapudua, Villapudua, James Gallagher, doesn’t, Sen, Shannon Grove, Chris Ward, ” Ward, ___ Sophie Austin, Austin @sophieadanna Organizations: —, California Capitol, Legislature, Democratic Gov, Legislative, Democratic, Republican, Democrats, FOSTER, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Newsom’s

☆ Nikola wins shareholder approval to issue new stock, paving the way for significant fundraise
▼ + stars: | 2023-08-03 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Electric truck maker Nikola won shareholder approval to issue new stock, the company said late on Thursday. Nikola was forced to adjourn its annual meeting in June, and again in July, after the total votes fell short of the number required to pass the proposal. That proposal also passed, but not until after Nikola adjourned last year's annual meeting three times to drum up more votes. However, that law changed on Aug. 1, and now only a simple majority of shares voted is required to approve an increase in authorized shares. Nikola had originally asked shareholders to approve the proposal ahead of its June 6 annual meeting.

Persons: Nikola, Trevor Milton, Milton Locations: U.S, Canada, Delaware

☆ Nikola gets required shareholder votes for share increase proposal
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Fabian BimmerAug 3 (Reuters) - Electric truck maker Nikola Corp (NKLA.O) said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. To reduce cash burn, Nikola announced layoffs in June and liquidated assets of a recently acquired EV battery maker. But investors have been closely scrutinizing cash reserves at Nikola and other electric-vehicle makers worried about more share disposals to raise funds diluting their stakes. Opposing the vote vocally was Nikola's founder and top shareholder Trevor Milton, who has also called for a change in leadership. Shares of Nikola, which have soared nearly 60% this year to Thursday's close, fell 3.7% in after-hours trading.

Persons: Nikola, Fabian Bimmer, Nikola Corp, Michael Lohscheller, Trevor Milton, Milton, Thursday's, Abhirup Roy, Gerry Doyle, Lisa Shumaker Organizations: IAA Transportation, REUTERS, Nikola, EV, Thomson Locations: Hanover, Germany, San Francisco

☆ Analysis: Microsoft tests the limits of Britain's antitrust authority
▼ + stars: | 2023-07-18 | by ( Paul Sandle | ) www.reuters.com time to read: +6 min

The European Union approved the deal in May, when it accepted commitments to license games to rival platforms. At the same time, Microsoft offered a "detailed and complex" new proposal to the CMA, prompting the regulator to take the unprecedented step of reopening talks. The CMA said it was awaiting further Microsoft submissions on what had changed and how it would restructure the transaction. "We will then consider whether the proposals create a new merger situation and address the CMA's competition concerns," a spokesperson said on Tuesday. CLOSED FOR BUSINESSAfter the CMA block, Microsoft thundered that Britain was closed for business; exactly what the government did not want to hear as it tries to reignite the economy after the uncertainty sparked by Brexit.

Persons: we've, Becket McGrath, they're, Brexit, Tom Smith, Brad Smith, Jeremy Hunt, Meta, Smith, Marcus Smith, Gareth Mills, Charles Russell Speechlys, Sam Tobin, James Davey, Kate Holton, Sharon Singleton Organizations: CMA, Microsoft, U.S, Activision Blizzard, Markets Authority, Xbox, FTC, Reuters, European Union, Activision, CAT, Euclid Law, Geradin Partners, Brexit, Britain's, Facebook, Meta, Markets Unit, Thomson Locations: U.S, Barcelona, Brexit, London, Brussels, British, United States, Britain

☆ Nikola will soon find out whether its shareholders have approved its plan to sell more stock
▼ + stars: | 2023-07-06 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Electric heavy-truck maker Nikola will find out later Thursday whether its shareholders have approved its plan to raise money by selling more stock. Nikola first put the plan to its shareholders at its annual meeting in June. While 77% of those who voted were in favor, there weren't enough total shares voted to pass the proposal. This isn't the first time that Nikola has had to adjourn a shareholder meeting to drum up more votes for a proposal to sell new stock. Last year's annual meeting was adjourned three times before Nikola won enough votes to raise its total shares outstanding to 800 million from 600 million.

Persons: Nikola, adjourn Organizations: California Transportation Locations: Delaware, California

☆ Air strikes hit Sudanese capital, killing 17 including 5 children
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +3 min

DUBAI/CAIRO, June 17 (Reuters) - Air strikes killed civilians and pummeled multiple parts of the Sudanese capital on Saturday, residents said, as mediators pushed the warring factions towards a new ceasefire. Fighting between the Sudanese army and paramilitary Rapid Support Forces is entering its third month with neither side gaining a clear advantage. On Friday and Saturday the army appeared to ramp up air strikes, hitting several residential neighborhoods. Air strikes in central and southern Omdurman continued from Friday into Saturday, impacting homes and killing one person, according to the local committee in the Beit al-Mal neighborhood. Residents said three members of a family were killed in the Sharq el-Nil district after an air strike on Friday.

Persons: Yassir Al, Atta, Khalid Abdelaziz, Nafisa Eltahir, Omar Abdel, Mark Heinrich, David Holmes Organizations: Rapid Support Forces, United Nations, AIR, Air, Residents, Nafisa, Thomson Locations: DUBAI, CAIRO, Saturday, Darfur, Khartoum, Omdurman, Bahri, Mayo, al, Mal, West Darfur, Chad, United States, Jeddah, Saudi, Dubai, Razek, Cairo

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