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☆ Texas House Speaker Survives Challenge From Hard Right
▼ + stars: | 2024-05-28 | by ( J. David Goodman | ) www.nytimes.com time to read: +1 min

The speaker of the Texas House, Dade Phelan, won renomination in a runoff on Tuesday, surviving a bruising Republican primary challenge from a party activist and first-time candidate who was backed by former President Donald J. Trump and his Texas supporters. The race, in a southeast Texas district that includes part of the city of Beaumont, was a bitter political showdown among some of the most powerful players in Texas politics, and was likely to have been one of the most expensive ever for a Texas House seat. Millions poured in to the campaigns during the primary, including large donations from West Texas oil and gas billionaires and out-of-state school-choice advocates who backed the challenger, David Covey. For his part, Mr. Phelan had help from deep-pocketed donors like Miriam Adelson, the Las Vegas casino magnate and widow of the Republican megadonor Sheldon Adelson. Covey, a technical adviser to the oil and gas industry who has described himself as a “very committed Christian and a conservative,” led Mr. Phelan in the first round of voting in March, when neither candidate won a majority.

Persons: Dade Phelan, Donald J, Trump, David Covey, Phelan, Miriam Adelson, Republican megadonor Sheldon Adelson, . Covey, Christian, ” Organizations: Texas House, Las, Republican Locations: Texas, Beaumont, West Texas, Las Vegas

☆ Trump VP prospect Doug Burgum and GOP megadonor Harold Hamm are allies in business and politics
▼ + stars: | 2024-05-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +12 min

Continental Resources donated $1 million to the super PAC in April, according to Federal Election Commission records. A spokeswoman for both Continental Resources and Hamm, its executive chairman, did not respond to a request for comment. All seven wells have been active since 2011, just two years after Burgum's family signed an agreement with Continental Resources. The Burgum Farm Partnership LLP, which oversees the family farm land in Williams County and Cass County, is worth between $500,001 and $1 million, according to the financial disclosure. Doug Burgum is a managing partner of the Burgum Farm Partnership, and he signed the businesses' latest annual report in March.

Persons: Donald Trump, Doug Burgum, Vivek Ramaswamy, Jabin, Harold Hamm, Burgum, Theodore Roosevelt, Sen, Marco Rubio, Rubio, Trump, Hamm, Bradley Burgum, Mike Nowatzki, Nowatzki, Burgum's, He's, Barbara, Edward Hirs, Brandon Bell, Jack Balagia, Ryan Kellog, Kellog, Ted Borrego, —, Virginia Canter, Canter, Chip Somodevilla, he's, Kathryn, Dan Eberhart, Eberhart, Leah Millis Organizations: North Dakota Gov, Margate, Washington Post, Continental Resources, Trump White House, CNBC, Trump, Republican, Trump that's, Inc, Commission, Continental, Federal, North Dakota's Minerals Department, Drilling, LLP, University of Houston, Getty, University of Texas, Exxon Mobil, University of Chicago, University of Houston Law Center, Trump White, North, Canter . North, Burgum Locations: Laconia, NH, Hamm, North Dakota, Williams County, Burgum, Fla, Florida, Dakota, North, Brooklyn, Cass County, Fort Stockton , Texas, Washington, Canter ., Canter . North Dakota, Laconia , New Hampshire, Continental Resources . North Dakota, Pittsburgh , Pennsylvania, U.S

☆ Opinion: Credibility is the key at Trump trial
▼ + stars: | 2024-05-19 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

The idea that Cohen talked to Trump about Daniels on that call “was a lie,” Blanche alleged. Moreover, my experience has been that juries don’t decide based upon one moment — they base their judgment on an overall view.”There were allegedly three parties aware of the scheme to conceal the real reason Trump paid Cohen more than $400,000 in supposed legal fees: Trump, Cohen and Allen Weisselberg, then-chief financial officer of the Trump Organization. “Weisselberg could be the linchpin to validate Cohen’s claims about Trump agreeing to reimburse him through Trump Organization, as a business expense,” wrote attorney Stacy Schneider. Trump seems to be tempted to go mano a mano and show that he is better fit to be commander-in-chief. The new requirement for GOP politicians wanting to demonstrate their loyalty to Trump seems to be visiting the Manhattan courthouse where he’s on trial.

Persons: CNN —, ” Mark Twain, “, Twain, ” Michael Cohen, Donald Trump, —, Trump, Stormy Daniels, Todd Blanche, Cohen, Norm Eisen, Blanche, ”, pummeled Cohen, Robert Mueller, Nick Anderson, Agency Cohen, Keith Schiller, Daniels, ” Blanche, ” Eisen, don’t, Allen Weisselberg, Stacy Schneider, Weisselberg, David Zurawik, “ I’ve, Sen, Robert Menendez, He’s, George Santos ., CNN “ It’s, he’s, ‘, Henry Cuellar, ” Cupp, Drew Sheneman, Georgia —, Vladimir Putin’s, Frida Ghitis, ” Ghitis, Joe Biden’s, ” Dana Summers, “ Biden, ” Julian Zelizer, mano, Biden, ” Bill Bramhall, Stephanie Griffith, Howard Tucker, Gayle Fleming, Michael Ventura Gayle Fleming, Biden —, ” Tom Brady’s, Kara Alaimo, Tom Brady “, Kevin Hart, Gisele Bündchen, Brady, Benjamin, Vivian, ’ Brady, ’, Alaimo, Brady didn’t, Nafees Syed, Kamel El Hilali, Andrew Borene, freakout Scott Stantis, Jeff Yang, … ” Brown, Keith Magee, Brown, backpedaling, Forget, Doug Burgum, Scott Jennings, Burgum’s, Bill Bramhall, Content Agency Clarence Thomas Washington, Clarence Thomas ’, Dean Obeidallah, Thomas, Harlan Crow, ” Clay Jones, John Oliver’s, Steve Vladeck, “ Thomas, ” Don’t, Clayton Swope, Dan Perry, Netanyahu, Jill Filipovic, Miss Teen USA Mary Ziegler, Bob Kolasky, Megan L, Ranney, Karen Tang, Halle Berry, Naomi Watts, Jonathan Yeo, King Charles III, Aaron Chown, Holly Thomas, King Organizations: CNN, Trump, Tribune, Agency, Trump Organization, Twitter, Facebook, DC, Robert Menendez of New, GOP, ” Texas, White, Europe, Russia, Kyiv, Biden, ABC, Democratic Party, Netflix, Garden State, Content Agency, Capitol, Consumer Financial, Board, Fifth Circuit, ICC, Miss USA, Miss Teen USA, Buckingham Palace, Royal Locations: New York, Robert Menendez of, Robert Menendez of New Jersey, Russian, Ukraine, Slovakia, Georgia, Soviet Republic, United States, Cleveland, “, Manhattan, North, . North Dakota, ” That’s, Louisiana , Mississippi, Texas, Florida’s, Buckingham

☆ In About-Face, Wall Street’s Big Donors Warm to Trump
▼ + stars: | 2024-05-15 | by ( Rob Copeland | ) www.nytimes.com time to read: +1 min

When President Donald J. Trump left office, some of Wall Street’s biggest names, who had taken to him during his first term in the White House, swore they were moving on from him for good. They were fatigued by his leadership style, disappointed by some of his policies and shocked by the U.S. Capitol riot. With Mr. Trump leading in the polls, big financiers on Wall Street, in Silicon Valley and elsewhere are edging into his corner, according to interviews with more than a dozen people who sought anonymity because they didn’t want their personal views to be tied to their employers. In other cases, the willingness to support a return of Mr. Trump reflects a growing dissatisfaction with what many big Wall Street donors see as the White House’s hardening stance against Israel in its war on Gaza. A prominent example of the about-face is Kenneth Griffin, a hedge fund magnate and political megadonor who publicly derided Mr. Trump as a “three-time loser” less than two years ago.

Persons: Donald J, Trump, didn’t, —, Biden, Kenneth Griffin, megadonor Organizations: U.S, Capitol, Israel, Citadel Locations: Wall, Silicon Valley, Gaza

☆ Top Republican donors fund group doxxing pro-Palestinian college students
▼ + stars: | 2024-05-13 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

The contributors listed on the tax return include billionaire Republican megadonor Jeff Yass, who Accuracy in Media said gave it $1 million. The family foundation of shipping supply magnate Richard Uihlein is also identified on the tax return, which says the Ed Uihlein Family Foundation gave $10,000. According to its tax return, Accuracy in Media said it received $15,000 from the Coors brewing family's charitable foundation. But AIM president Adam Guillette told CNBC Yass had been misidentified, and he did not give to the organization. Nonprofit groups are not required to release their donors' names publicly, but they are required to report to the IRS the names of donors who gave $5,000 or more.

Persons: Claudine Gay, Pat Greenhouse, Jeff Yass, Richard Uihlein, Ed Uihlein, Milstein, Adam Milstein, Adolph Coors, Peter H, Janine, John Harvard, Joseph Prezioso, Adam Guillette, Guillette, Phil Headley, Uihlein, Israel, Ben Curtis Organizations: Harvard, Harvard University, Boston Globe, CNBC, Media, Foundation, Milstein Family Foundation, Internal Revenue, Coors, Adolph Coors Foundation, Molson Coors, Susquehanna International Group, Pro, Harvard University in, Afp, Getty, IRS, CNBC Yass, JBS, Company, AIM, Nonprofit, Independent Women's, South, IWF, Amazon, Project Veritas, Harvard College Locations: Yass, Uihlein, Harvard University in Cambridge , Massachusetts, South Carolina, Israel, Gaza, Harvard University in Cambridge

☆ Corporate leaders, wealthy donors want a say in Trump's vice presidential pick
▼ + stars: | 2024-05-08 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Other VP contenders at the weekend meeting included Stefanik, Scott and North Dakota Gov. This may help to explain why some influential Trump donors are especially wary of Ohio Republican Sen. J.D. Rubio, Stefanik, Scott and Burgum have all privately been pitched to Trump as top prospects with close ties to top business leaders. Those ties could bolster Trump's fundraising operation if one of them is chosen as his running mate, according to people familiar with the matter. Burgum could even help to self-fund Trump's campaign, just as he did for his own Republican primary run for president.

Persons: Donald Trump, Brendan Mcdermid, Trump, Ike Perlmutter, Elise Stefanik, Rupert Murdoch, Glenn Youngkin, Billionaire, South Carolina Sen, Tim Scott, Scott, Larry Ellison, Perlmutter, Florida Republican Sen, Marco Rubio's, Rubio, Stefanik, Doug Burgum, Marc Short, Mike Pence, Ohio Republican Sen, J.D, Vance, Vivek Ramaswamy, It's, Vivek, Ramaswamy, it's, I'm, Joe Biden's, Burgum Organizations: Reuters, Marvel Entertainment, New York, Republican, Virginia Gov, Billionaire Trump, Oracle, Fox, CNBC, Florida Republican, Republican National Committee, North Dakota Gov, Mar, Trump, Ohio Republican, Ivy League, Commission Locations: Freeland , Michigan, U.S, South Carolina, Palm Beach, Fla, Scott, Ohio

☆ Robert Kraft says elite schools are to blame for 'hate' on campus
▼ + stars: | 2024-05-02 | by ( Paul Squire | ) www.businessinsider.com time to read: +1 min

Robert Kraft says top schools' leadership and faculty have "failed" students as protests continue. The Patriots owner and megadonor to Columbia University pulled his support for the Ivy last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "The leadership and faculty of so many of our leading educational institutions have failed their students," the 82-year-old sports exec wrote.

Persons: Robert Kraft, —, Robert Kraft isn't, Kraft Organizations: Patriots, Columbia University, Ivy, Service, New England Patriots, Business Locations: Israel, Gaza

☆ How one 'Squad' member avoided an avalanche of pro-Israel money
▼ + stars: | 2024-04-24 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +5 min

When Summer Lee ran for Congress in 2022, she had to battle a wave of pro-Israel spending. AdvertisementGoing into this year, Rep. Summer Lee seemed likely to be a top target for pro-Israel groups. Both AIPAC and another key pro-Israel group, Democratic Majority for Israel (DMFI), opted to stay out of the primary. Pro-Israel groups spent money against Lee not just in the primary, but in the general election as well. Meanwhile, progressive groups supporting Lee spent nearly $710,000, and on Sunday, Ocasio-Cortez came to Pittsburgh to rally with Lee.

Persons: Summer Lee, Lee, —, Bhavini Patel, Mark Mellman, Sen, Bernie Sanders's, Alexandria Ocasio, Cortez —, That's, o6e7abRSr2 —, Patel, Jeff Yass, Cortez, Lee —, Joe Biden —, Biden, who've Organizations: Service, Democratic, American Israel Public Affairs Committee, Israel, Washington Post, Rep, AIPAC, Pennsylvania, House, Democratic Socialists of America, o6e7abRSr2 — AIPAC, Democratic Party, GOP, Law Locations: Israel, Pittsburgh, Alexandria, Squirrel Hill, Gaza, Emboldening

☆ Billionaire Columbia donor Leon Cooperman slams student protesters
▼ + stars: | 2024-04-23 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Leon Cooperman, a billionaire Columbia donor, weighed in on the crisis on the university's campus. Unlike the megadonor Robert Kraft, Cooperman said he's not pulling his donations. AdvertisementThe Wall Street titan Leon Cooperman is the latest billionaire to weigh in on student protests over Israel's war in Gaza. But unlike the megadonor Robert Kraft, Cooperman said he'd continue to give to Columbia even as he trashed student demonstrators. Kraft said he'd continue to support the school's Kraft Center for Jewish Student Life, which is named after him.

Persons: Leon Cooperman, Robert Kraft, Cooperman, he's, —, he'd, Israel, Turkey —, Nemat, Shafik, Peace —, Goldman Sachs, Kraft, megadonors, Marc Rowan, Lauder, Ronald Lauder, Les Wexner, Claudine Gay, Liz Magill Organizations: Service, CNBC, Columbia University, Columbia, Hamas, Capitol, — Columbia, Apartheid, Columbia Students, Justice, Jewish, Peace, New York City Police Department, Barnard College, Columbia Business School, Hunter College, Kraft, Patriots, school's Kraft Center for Jewish, Cooperman, Yale, New York University, Harvard, University of Pennsylvania Locations: Columbia, Gaza, Cooperman, Bronx, Israel, United States, Cyprus, Jordan, Turkey, Palestine

☆ It looks like Trump might regret RFK Jr.'s campaign
▼ + stars: | 2024-04-22 | by ( Madison Hall | Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Conventional wisdom suggests that RFK Jr.'s presidential campaign could stop Biden from reelection. Biden leads Trump in an NBC News survey when third-party candidates are in the mix. AdvertisementFormer President Donald Trump's allies may end up regretting Robert F. Kennedy Jr.'s long shot presidential campaign. In the survey, NBC found that a greater share of Trump voters flock to the noted vaccine skeptic's campaign when their presidential choices are expanded beyond just Trump and Biden. Trump leads Biden by 2 points (within the margin of error) in a two-on-two rematch, but the advantage flips to Biden by the same margin when the field is expanded to Biden, Trump, Kennedy, Jill Stein, and Cornel West.

Persons: Biden, Trump, —, Donald Trump's, Robert F, Kennedy Jr, Kennedy, Joe Biden's, Jill Stein, Cornel West, Timothy Mellon, Mike Pence, Democrat — Organizations: RFK Jr, NBC, Service, NBC News, Trump, Biden, Kennedy, GOP, New, Democratic Party, The New York Times, Democrat, Democratic Locations: New York, The

☆ RFK Jr. qualifies for battleground Michigan’s ballot
▼ + stars: | 2024-04-18 | by ( Aaron Pellish | ) edition.cnn.com time to read: +3 min

CNN —Independent presidential candidate Robert F. Kennedy Jr. officially qualified for the ballot in Michigan, a key battleground state that could prove pivotal in deciding the outcome of the 2024 presidential election. Natural Law Party of Michigan chair Doug Dern told CNN the party nominated Kennedy in a convention on Wednesday. The Michigan Secretary of State’s office confirmed to CNN the party’s nomination has been approved and Kennedy will appear on the state’s ballot. In a hypothetical head-to-head matchup between Trump and Biden, Trump earned 48% support from Michigan voters, while Biden earned 45% support. Michigan is the second state where Kennedy has officially qualified for the ballot.

Persons: Robert F, Kennedy Jr, Kennedy, Nicole Shanahan, Doug Dern, Joe Biden, Donald Trump, Biden, Trump, Hillary Clinton, Gary Johnson, Jill Stein, Timothy Mellon Organizations: CNN, Independent, Natural Law Party, Natural Law Party of Michigan, Michigan, Trump, Biden, Democratic, Libertarian, Green Party, Democratic National Committee, Kennedy’s, GOP, Kennedy, Muslim, Committee, Federal, Commission, PAC Locations: Michigan, Grand Rapids , Michigan, Gaza, Utah, New Hampshire, Hawaii , Nebraska , Idaho, North Carolina , Iowa, Nevada

☆ A Trove of ByteDance Records Mistakenly Went Public. Here’s What They Say.
▼ + stars: | 2024-04-18 | by ( Mara Hvistendahl | ) www.nytimes.com time to read: +1 min

Somehow, thousands of pages of sealed court documents relating to the birth of TikTok’s owner, ByteDance, were mistakenly released by a Pennsylvania court. The documents — emails, chat transcripts and memos — are a fascinating window into ByteDance’s origins. They also tell a new version of the ByteDance origin story, one with fits and starts on the way to becoming one of the world’s most highly valued start-ups. The ByteDance origin story, as we know it, has the ring of Silicon Valley lore. As the story goes, the company’s founder, Zhang Yiming, sketched out the idea on a napkin for an employee of a Susquehanna subsidiary in 2012.

Persons: Jeff Yass, ByteDance, Zhang Yiming Organizations: Susquehanna International Group, Republican, Susquehanna Locations: Pennsylvania

☆ How an Obscure Chinese Real Estate Start-Up Paved the Way to TikTok
▼ + stars: | 2024-04-18 | by ( Mara Hvistendahl | Lauren Hirsch | ) www.nytimes.com time to read: +1 min

In 2009, long before Jeff Yass became a Republican megadonor, his firm, Susquehanna International Group, invested in a Chinese real estate start-up that boasted a sophisticated search algorithm. Behind the scenes, employees of a Chinese subsidiary of Mr. Yass’s firm were so deeply involved, records show, that they conceived the idea for the company and handpicked its chief executive. They said in one email that he was not the company’s “real founder.”As a real estate venture, 99Fang ultimately fizzled. They say that 99Fang’s chief executive — and the search technology — resurfaced at another Susquehanna venture: ByteDance. ByteDance, the owner of TikTok, is now one of the world’s most highly valued start-ups, worth $225 billion, according to CB Insights, a firm that tracks venture capital.

Persons: Jeff Yass, Republican megadonor, 99Fang, Yass’s, —, Zhang Yiming Organizations: Republican, Susquehanna International Group, Mr, Susquehanna Locations: ByteDance

☆ Biden fund receives large donation from son of Republican megadonor Larry Ellison
▼ + stars: | 2024-04-17 | by ( Brian Schwartz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden fund receives large donation from son of Republican megadonor Larry EllisonCNBC's Brian Schwartz joins 'The Exchange' to share more details on the $930K donation from David Ellison, the son of Oracle chairman Larry Ellison.

Persons: Larry Ellison, Brian Schwartz, David Ellison

☆ Biden fund gets big donation from son of Republican megadonor Larry Ellison
▼ + stars: | 2024-04-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

David Ellison, CEO of Skydance Media attends the 81st Annual Golden Globe Awards at The Beverly Hilton on January 07, 2024 in Beverly Hills, California. David Ellison, the son of Republican megadonor Larry Ellison, gave $929,600 to back the re-election efforts of President Joe Biden, putting him among the top recent donors to the incumbent Democrat. David Ellison's donation is the largest recorded contribution that the Skydance Media CEO ever made to a federal candidate, according to Federal Election Commission records. David Ellison's donation comes as his father, Larry Ellison, the chairman of Oracle, has kept his wallet firmly shut this election cycle. Larry Ellison donated more than $31 million to Republican candidates during the 2022 congressional midterms, according to data from OpenSecrets.

Persons: David Ellison, The Beverly Hilton, Larry Ellison, Joe Biden, David Ellison's, George Conway, Donald Trump, Dustin Moskowitz, Charles Myers, bundler, Biden, Soros, Myers, George Soros, Biden's, Trump, —, Jeffrey Katzenberg, Katzenberg, Kurt Rappaport, Rappaport Organizations: Skydance Media, The Beverly, Commission, Biden, Facebook, Oracle, Trump, CNBC, Democratic, Republican, Hollywood Locations: Beverly Hills , California, OpenSecrets, Los Angeles

☆ Republican megadonor Jeff Yass, inner circle give millions to shape schools, courts
▼ + stars: | 2024-04-09 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

The firm and the foundation are twin enterprises of Republican megadonor Jeff Yass, and a small group of allies. The foundation is run by Yass and other veteran Susquehanna executives, according to the documents that are current through 2022. The Susquehanna Foundation is one of two foundations that Yass and his closest friends have funded and led. The other foundation is even less well known: the Claws Foundation. Similar to Susquehanna, Claws is the charitable arm of one person: Arthur Dantchik, a co-founder of Susquehanna International Group with Yass, is the sole listed donor to Claws Foundation.

Persons: Jeff Yass, Arthur Dantchik, Dantchik, Brendan Fischer, Summer Lee, Donald Trump, Jeffrey Yass Organizations: Republican, Susquehanna Foundation, Susquehanna International Group, Susquehanna, Claws Foundation, Susquehanna International, Sterling Foundation Management, CNBC, Cato Institute, Institute for Justice, Supreme, Atlas Network, Competitive Enterprise, Competitive Enterprise Institute, Susquehanna Growth Equity Fund III, Moderate PAC, Democratic Rep, Politico, Democratic Locations: Yass, Bala Cynwyd, Pennsylvania, Susquehanna, Virginia, Dantchik, Washington, Pitchbook

☆ Trump turns to his 'old cast' to raise millions for 2024 and the PAC paying his legal bills
▼ + stars: | 2024-03-25 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The hedge fund founder is hosting a splashy fundraising dinner for Trump April 6 at his house in Palm Beach, Florida. But Paulson is not the only GOP kingmaker who is privately gearing up to help Trump. "It's the old cast coming back together to take it across the finish line," said an advisor to one of Trump's bundlers. Many of these "old cast" members are business leaders who have been close to Trump for years. As for the money going to pay Trump's legal bills, at least some of the people attending the Paulson event don't seem to care.

Persons: Donald Trump, John Paulson, Mike Segar, Trump, Paulson, Republican megadonor Rebekah Mercer, Robert Mercer, Rebekah, Oliver Contreras, Rebekah Mercer, Todd Ricketts, Wilbur Ross, Small Business Administration Linda McMahon, Woody Johnson, Meredith O'Rourke, Susan Necheles, Brendan Mcdermid Organizations: Economic, of New, Reuters Veteran, CNBC, Trump, GOP, Republican, New York, The Heartland Institute, Washington Post, Chicago Cubs, Trump Commerce, Small Business Administration, Trump's, New York Jets, NBC News, Save America PAC, Republican National Committee, America, Former U.S, Reuters Trump Locations: of New York, Manhattan , New York, U.S, Palm Beach , Florida, Palm Beach, Trump, Washington ,, Trump's U.S, United Kingdom, Former, New York City

☆ Big Republican Donor Jeff Yass Owned Shares in Trump Media Merger Partner
▼ + stars: | 2024-03-24 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

Jeff Yass, the billionaire Wall Street financier and Republican megadonor who is a major investor in the parent company of TikTok, was also the biggest institutional shareholder of the shell company that recently merged with former President Donald J. Trump’s social media company. A December regulatory filing showed that Mr. Yass’s trading firm, Susquehanna International Group, owned about 2 percent of Digital World Acquisition Corp., which merged with Trump Media & Technology Group on Friday. It’s unclear if Susquehanna still owns those shares, because big investors disclose their holdings to regulators only periodically. But if it did retain its stake, Mr. Yass’s firm would become one of Trump Media’s larger institutional shareholders when it begins trading this week following the merger. Shares of Digital World have surged about 140 percent this year as the merger with the parent company of Truth Social, Mr. Trump’s social media platform, drew closer and Mr. Trump became the presumptive Republican nominee for president.

Persons: Jeff Yass, Republican megadonor, Donald J, Trump Organizations: Wall Street, Republican, Susquehanna International Group, Trump Media & Technology Group, Susquehanna, Trump, Truth

☆ John Oliver says Clarence Thomas has less than 48 hours to take his $1 million-a-year deal and get off the SCOTUS bench
▼ + stars: | 2024-03-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Clarence Thomas still has about two days to accept John Oliver's deal to quit the Supreme Court. Thomas once said that the job of a Supreme Court justice was "not worth doing for what they pay." AdvertisementJohn Oliver says Supreme Court Justice Clarence Thomas still has less than 48 hours to accept his million-dollar offer to quit the court. During a February episode of "Last Week Tonight," Oliver promised Thomas $1 million a year to leave the SCOTUS bench. But it is worth doing for the principle," Thomas told the Bar Association in Savannah, Georgia, in 2001.

Persons: Clarence Thomas, John Oliver's, Oliver, Thomas, —, John Oliver, SCOTUS, Joe Biden's, I've, gesturing, Ginni Organizations: Service, GOP, Bar Association, Business Insider Locations: Savannah , Georgia

☆ TikTok ban: Tech VC Keith Rabois threatens Republicans with funding halt ahead of House vote
▼ + stars: | 2024-03-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

"Will never fund any Republican candidates or leadership PACs (or the NRSC) run by Republicans who vote against the TikTok legislation," venture capitalist Keith Rabois wrote on X. "Support for the TikTok bill is an IQ test" for members of Congress, Rabois wrote in an email to CNBC. In February, Rabois gave $500,000 to the Congressional Leadership Fund, a political action committee that backs House Republican candidates, according to a Federal Election Commission filing. A managing director at Khosla Ventures, Rabois gave just over $41,000 combined last year to the National Republican Senatorial Committee. Rabois said that whether or not he continues to support the NRCC will be partly tied to how Republican leadership handles the upcoming vote.

Persons: Keith Rabois, Will, ByteDance's, Rabois, Donald Trump, Elon Musk, Chuck Schumer, ByteDance, Mike Johnson, Steve Scalise, Tom Emmer, TikTok Organizations: Khosla Ventures, TechCrunch, San Francisco Design Center, Republicans, CNBC, Congressional, Fund, Republican, Tesla, Senate, Democrat, National Republican, Committee, National Republican Congressional Committee, CCP Locations: San Francisco , California, United States, China, American, La

☆ Trump met with a billionaire GOP donor with a huge stake in TikTok just days before he publicly tried to save the app
▼ + stars: | 2024-03-11 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Trump's change of heart came days after he met with a billionaire investor with 15% stake in TikTok. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRepublican former President Donald Trump recently said he is against banning Tiktok, a reversal from his previous position. His comments came just days after meeting with a billionaire GOP donor with a large stake in the company. In his interview with CNBC on Monday morning, Trump denied talking to Yass about TikTok.

Persons: Trump, ByteDance, —, Donald Trump, Zuckerschmuck, Jeff Yass, Biden, Kellyanne Conway Organizations: Service, Republican, Truth, Facebook, CNBC, US Treasury, Politico, Breakers, New York Times, Trump, Susquehanna International Group, Growth, GOP, Philadelphia Inquirer, Trump Administration, for Growth, Trump White House Locations: TikTok, Palm Beach , Florida, Yass

☆ Elon Musk makes it clear: He's not going to donate to Trump's campaign
▼ + stars: | 2024-03-06 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

Elon Musk says he's not going to donate to either Donald Trump or Joe Biden. The New York Times reported that Trump met with Musk while looking for cash for his campaign. AdvertisementThe billionaire Elon Musk wrote on Wednesday morning that he wouldn't be donating "to either candidate" for president, a declaration that came after The New York Times reported that Musk huddled with Donald Trump in Florida. "Just to be super clear, I am not donating money to either candidate for US President," Musk wrote on X.Musk's refusal isn't all that surprising. "I would not vote for Biden," Musk told the journalist Andrew Ross Sorkin at a New York Times event.

Persons: Elon Musk, he's, Donald Trump, Joe Biden, Trump, Musk, —, Trump's, Joe Biden's, hasn't, Biden, Andrew Ross Sorkin, I'm, Nikki Haley's, Robert F, Kennedy Jr, Kennedy, Nikki Haley Organizations: The New York Times, Service, US, New York Times, Trump, Twitter, Democratic Locations: Florida

☆ DNC accuses pro-RFK Jr. super PAC of campaign finance violations
▼ + stars: | 2024-03-04 | by ( Aaron Pellish | ) edition.cnn.com time to read: +2 min

CNN —The Democratic National Committee has accused the super PAC backing Robert F. Kennedy Jr.’s presidential campaign of committing additional campaign finance violations on Monday, a further escalation of Democrats’ efforts to diminish Kennedy’s independent White House bid. The super PAC announced last week that it had gathered enough signatures to qualify Kennedy for appearance on the November ballot in Arizona and Georgia. “It’s clear that they, along with Robert F. Kennedy Jr. and his campaign, don’t believe that the rules apply to them.”CNN has reached out to American Values 2024, de Becker and the Kennedy campaign for comment. Democrats have paid for billboards outside multiple Kennedy campaign events in recent weeks boosting Mellon’s support for Kennedy. In addition to donating in support of Kennedy, de Becker’s company has provided security for Kennedy during his presidential run.

Persons: Robert F, Kennedy Jr, ’, Gavin de Becker, Kennedy, Mary Beth Cahill, de Becker, Timothy Mellon’s, Donald Trump, De Becker, de, Joe Biden Organizations: CNN, Democratic National, PAC, White, DNC, Federal, Commission, Republican, Democratic Locations: Arizona, Georgia

☆ John Oliver just made Clarence Thomas an offer he thinks the SCOTUS judge can't refuse
▼ + stars: | 2024-02-19 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementJohn Oliver says he will give Supreme Court Justice Clarence Thomas a million bucks a year if he quits the Supreme Court immediately. Besides offering Thomas money, Oliver said he would also throw in a $2.4 million motorcoach. Oliver spent most of the episode discussing the Supreme Court and the issues he said were plaguing it — one of them being Thomas. But it is worth doing for the principle," Thomas told the Bar Association in Savannah, Georgia, according to the Post. He's said it's not worth doing 'for the grief,'" Oliver said of Thomas during his Sunday show.

Persons: John Oliver, Clarence Thomas, Thomas, Oliver, Ginni, ProPublica, Harlan Crow, Paul, Tony, Novelly, he's, He's, it's, he'd Organizations: GOP, The New York Post, Bar Association, HBO, Business Insider Locations: Savannah , Georgia

☆ DNC alleges RFK Jr. campaign illegally coordinated with outside group on signature gathering operation
▼ + stars: | 2024-02-09 | by ( Aaron Pellish | David Wright | ) edition.cnn.com time to read: +6 min

Kennedy has stated that his goal is to appear on the ballot in all 50 states and DC,” the DNC wrote. But the complaint argues that coordination is required for the ballot access efforts by American Values and Team Kennedy, and thereby the group’s support runs afoul of campaign finance laws. Kennedy campaign manager Amaryllis Fox Kennedy denied coordinating with the outside group in a statement to CNN. In the complaint, the DNC alleges the PAC “must coordinate” with the Kennedy campaign to successfully operate its supplemental signature gathering operation. It’s pretty clear that Trump and his mega donors are propping up RFK Jr. as a stalking horse,” DNC adviser Ramsey Reid said.

Persons: Robert F, Kennedy Jr, ’, Kennedy, “, “ Mr, ” Kennedy, —, ”, Amaryllis Fox Kennedy, Tony Lyons, Bobby Kennedy, ” Lyons, Jr, ” Deirdre Goldfarb, Donald Trump, Tim Mellon, Donald Trump’s, Lis Smith, ” Mellon, “ We’re, Trump, Ramsey Reid Organizations: CNN, Democratic National Committee, White, DNC, ”, American, PAC, Trump, Republican, RFK, America, GOP, RFK Jr Locations: United States, Michigan , Arizona, Georgia

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