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☆ Opinion: Even if Trump can’t stay awake this week, the jury will have reason to
▼ + stars: | 2024-04-30 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +6 min

CNN —Welcome to week two of the Trump 2016 election interference trial. And the case Manhattan District Attorney Alvin Bragg brought is, at heart, a documents case – Trump has been charged with 34 counts of felony record falsification, actions allegedly taken to cover up hush money payoffs connected to the 2016 election. But as demonstrated by longtime Trump assistant Rhona Graff’s testimony Friday afternoon, the methodical nature of the testimony and evidence doesn’t mean it will be dull for the jury. The testimony of Gary Farro, Cohen’s onetime banker, is emblematic of what we are likely to hear from other witnesses this week. When defense counsel elicited from Graff on cross-examination that Trump was a good boss, she became a free character witness.

Persons: Norman Eisen, “, Donald Trump, David Pecker, Norm Eisen, Attorney Alvin Bragg, – Trump, Rhona Graff’s, Trump’s, paramours, Karen McDougal, Stormy Daniels, Pecker, Dallas ”, ” –, Trump, Michael Cohen, Daniels, Gary Farro, Cohen’s, Farro, Graff, Cohen, Rebecca Mangold, McDougal, Mangold, It’s, Team Trump Organizations: CNN, National Enquirer, Attorney, Trump, Dallas, Prosecutors, Team, DA Locations: Manhattan

☆ Opinion: Trump should go to jail if he violates judge’s gag order again
▼ + stars: | 2024-04-30 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +8 min

Merchan sanctioned Trump for violating his gag order for nine posts and reposts on his Truth Social site and campaign website, targeting witnesses and jurors in his Manhattan prosecution. In his written order, summarized from the bench at the start of the trial on Tuesday, the judge also warned Trump that if he persists in violating the gag order, he faces jail time. Perhaps the new sanctions — or those likely to come in response to the newest four allegations of gag order violations — will be the end of it. As I have previously explained, Trump’s argument that the gag order infringes his First Amendment rights is specious. In any event, even if Trump believes those things, that is no excuse under New York law to violate a court order.

Persons: Norman Eisen, “, Donald Trump, Norm Eisen, Juan Merchan, Merchan, Trump, ” Trump, incarcerate, Nelson Mandela, it’s, —, ”, Michael Cohen, Stormy Daniels, Trump’s Organizations: CNN, Trump, Liberal, New, White House Locations: Manhattan, New York

☆ Markets will rebel if Trump or any president tries to control the Fed, Harvard economist says
▼ + stars: | 2024-04-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Markets would resist executive influence over the Federal Reserve, Kenneth Rogoff told Bloomberg TV. Inflation expectations would jump while the dollar would tank, the Harvard professor said. Donald Trump allies have reportedly been brainstorming ways for him to exert more influence over the Fed, if elected. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPolitical attempts to influence the Federal Reserve won't go over well with markets, Harvard's Kenneth Rogoff said.

Persons: Kenneth Rogoff, Donald Trump, —, Harvard's Kenneth Rogoff Organizations: Federal Reserve, Bloomberg, Service, Reserve, Business

CNN —New York Judge Juan Merchan has fined former President Donald Trump for repeatedly violating the gag order in the hush money trial. Merchan ruled Trump violated the gag order nine times for criticizing expected trial witnesses in posts on social media and his campaign page. Reposts are endorsements, judge saysIn last week’s hearing on gag order violations, Trump’s defense argued that reposts of other people’s words do not violate the gag order and that the posts represent protected political speech in response to attacks. Second, Merchan acknowledged that the gag order does allow Trump to respond to political attacks, but said criticisms of key witnesses were not allowed. This is the first sanction against Trump for violating the gag order in this case.

Persons: Juan Merchan, Donald Trump, Merchan, Trump, “, ” Trump, ” Merchan, ’, ”, Prosecutors, Michael Cohen, Stormy Daniels, Todd Blanche, Cohen, David Pecker Organizations: CNN, New, Trump, Truth, Prosecutors, AMI, New York Locations: New York, New York State

☆ Trump advisers are mulling penalties for any countries that stop using the dollar, report says
▼ + stars: | 2024-04-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Donald Trump's advisors are discussing penalties for countries that move away from the dollar, sources told Bloomberg. 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 . AdvertisementEconomic advisors to Donald Trump are working out plans to blunt de-dollarization efforts, which could include penalties on any economy that moves away from the greenback. As of March, the dollar still leads in global payments, making up 47.4% of transactions, SWIFT data shows.

Persons: Donald, —, Donald Trump, Trump, Emmanuel Macron, hasn't, Nouriel Organizations: Bloomberg, Service, greenback, West, United, CNBC Locations: Ukraine, China, Russia, Saudi Arabia, United Arab Emirates, Europe

☆ Mark Meadows asked the Supreme Court to recognize his 'just following orders' defense. A right-wing justice wasn't buying it.
▼ + stars: | 2024-04-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Mark Meadows has requested Supreme Court to recognize immunity for president's subordinates. One of Trump's own Supreme Court appointees seemed to draw the opposite conclusion. AdvertisementBefore the Supreme Court heard oral arguments in former President Donald Trump's immunity case, Mark Meadows tried to get his foot in the door. AdvertisementJudges have denied Meadows's attempts to move his criminal case to federal court, which could be more favorable legal territory. AdvertisementA Trump appointee had the opposite approachIn Thursday's hearings, the Supreme Court didn't directly take up the issue.

Persons: Mark Meadows, Trump's, —, Donald Trump's, Trump, Joe Biden's, Meadows, doesn't, didn't, Neil Gorsuch —, John Sauer, Gorsuch, Sauer, we've, they're, Anthony Michael Kreis, George Terwilliger, Michael Dreeben, Amy Coney Barrett, Barrett, Donald Trump, Neil Gorsuch, Carolyn Kaster, Samuel Alito, Alito, Kreis, Richard Nixon, Ronald Reagan, That's, it's Organizations: Trump, Service, Republican, Attorney's, Supreme, Constitutional Convention, Georgia State University, Justice Department, Department of Justice, Kreis Locations: Georgia, Meadows, Fulton County, Atlanta, Fulton

☆ CNN Analysis: No, Trump’s legal woes aren’t helping him
▼ + stars: | 2024-04-28 | by ( Harry Enten | ) edition.cnn.com time to read: +5 min

Trump’s success might make you believe that he has turned the conventional wisdom on its head – that somehow, his legal troubles are helping him politically. There isn’t much of a sign that Trump’s legal woes are helping him among the wider electorate, even if they aren’t hurting him necessarily. Consider Trump’s polling against President Joe Biden. You might think that Trump would be gaining against Biden, if the cases against Trump were helping him. It’s not clear whether the money Trump’s raising because of appeals to his base during his legal troubles is offsetting the amount his committees are spending.

Persons: Donald Trump, Joe Biden, Trump, Biden, pollster, pollsters, don’t, Trump’s, isn’t, he’s, I’m Organizations: CNN, Republican, Biden, Trump, Marist College, Reuters, New York Times, Siena College, NBC, Quinnipiac University, Marquette University Law School, Times, Financial Times Locations: York, Quinnipiac, New York

☆ Misinformation has created an alternative world for some Americans
▼ + stars: | 2024-04-28 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +10 min

O’SULLIVAN: So much of mainstream American politics now is being infected and affected by what is happening on what was once considered the real fringes — fringe platforms, fringe personalities. O’SULLIVAN: A lot of people got kicked off the major social media platforms after January 6. Because major social media platforms like Facebook have these rules. But I think just overall, in 2016, all the guards were down when it came to social media. And then in 2020 there was a big crackdown from the social media platforms, which got a huge amount of blowback from conservatives.

Persons: CNN —, —, CNN’s Donie O’Sullivan, Trump, Anderson Cooper ”, Joe Biden didn’t, They’ve, they’ve, we’ve, Rachel Powell, “, O'Sullivan, It’s, Joe Black, Donald Trump, O’Sullivan, Black, Joe Biden, it’s, You’re, ”, Tim Alberta, Christiane Amanpour, Caleb Campbell, — he’s, You’ve, you’ve, Elon Musk, WOLF, There’s, she’ll, She’s Organizations: CNN, FBI, Pastors, Facebook, Twitter, Elon, Trump Locations: Colorado, Alberta, West Virginia, Trump

CNN —Jurors will now have a three-day weekend to think about what they heard during the first full week of testimony in the historic Donald Trump hush money trial. In one instance, Bove pointed to FBI notes from a 2018 interview, where agents had written that Pecker testified Trump did not thank him or AMI during a January 6, 2017, meeting at Trump Tower. In that interview, Pecker testified that Trump had in fact thanked him during that 2017 Trump Tower meeting. Trump cracks a smile for his longtime assistantTrump’s longtime assistant Rhona Graff testified for less than an hour. He replied, “Of course I do.”Graff no longer works for Trump, but she spoke positively about her experience at the Trump Organization and having Trump as a boss.

Persons: Donald Trump, David Pecker, pummel, Stormy Daniels, Michael Cohen, Trump’s, Rhona Graff, Cohen, Trump, Karen McDougal’s, Banker Gary Farro, Daniels, Farro, He’s, Emil Bove, Pecker, Bove, McDougal, Prosecutors, Joshua Steinglass, Steinglass, Karen McDougal, ”, Graff, Susan Necheles, ” Graff, “, humanize Trump, ” Trump, Hope Hicks Organizations: CNN, American Media Inc, National Enquirer, Trump Organization, Trump, First Republic Bank, AMI, Trump Tower, Trump Org, ” Defense Locations: Delaware

☆ Video: Conway on what he thinks is ‘worst case scenario’ if Trump’s January 6 trial is delayed
▼ + stars: | 2024-04-25 | by ( Clemente Duran-Ballen | ) edition.cnn.com time to read: 1 min

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☆ Supreme Court justices dance around question of whether Trump could pardon himself if he wins reelection
▼ + stars: | 2024-04-25 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

Self-pardoning wasn't on the table at Thursday's Supreme Court hearing. The Supreme Court has never ruled on whether such a move would be permissible. The purpose of the hearing was for the Supreme Court to hear arguments over whether Trump should be immune from criminal prosecution for his conduct as president. He told Michael Dreeben, the lawyer representing Smith's team, that the question might be crucial as the Supreme Court deliberates the scope of presidential immunity. In order to obtain a pardon, he would have to be convicted and serve at least five years of a sentence.

Persons: Alito, —, Donald Trump, could've, Trump, — Samuel Alito, Neil Gorsuch —, Jack Smith's, Smith, Gorsuch, he'll, We've, it's, Michael Dreeben, haven't, Gerald Ford, Richard Nixon, Dreeben, Joe Biden, Stormy Daniels Organizations: Thursday's, Trump, Service, NBC, Mar, DC Circuit, Justice Department's, Justice Department Locations: New York, Manhattan, Georgia

☆ Justice Ketanji Brown Jackson warns of the Oval Office turning into a 'crime center' if Trump gets the sweeping immunity he wants
▼ + stars: | 2024-04-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +1 min

Justice Ketanji Brown Jackson seemed alarmed about Trump's ask for sweeping immunity for presidents. Jackson wanted to know how future presidents would be disincentivized to commit crimes. She expressed fear it could turn the Oval Office into "the seat of criminal activity in this country." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "I'm trying to understand what the disincentive is from turning the Oval Office into, you know, the seat of criminal activity in this country."

Persons: Ketanji Brown Jackson, Jackson, —, Donald Trump Organizations: Service, Business

☆ Supreme Court might not give Trump sweeping immunity — but it's likely to give him the one victory he wants
▼ + stars: | 2024-04-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

But a majority of Supreme Court justices appear ready to hand the former president an immediate victory. Still, the Supreme Court justices do not appear likely to dismiss the former president's claims quickly, raising the likelihood that Trump may not face trial for trying to overturn the 2020 election before November. He drew his arguments from an earlier Supreme Court case that mapped the line for presidential immunity in civil matters. The Supreme Court weighs Trump's immunity claim. It is possible that the Supreme Court could rule that a more detailed review of Trump's conduct is best left to a lower court.

Persons: Donald Trump, —, Trump, Jack Smith, Trump's, you've, Brett Kavanaugh, Sauer, Kavanaugh, Tanya Chutkan, Smith, Joe Biden, it's, John Sauer, Jabin, Samuel Alito, Alito, Amy Coney Barrett, Barrett, Michael Dreeben, Dreeben, Ketanji Brown Jackson, Jackson, John Roberts, Jackon, Justice Alito, Roe, Wade, Anthony Kennedy's, Hodges, Neil Gorsuch Organizations: Service, Trump, Washington, Getty Locations: DC, Dobbs v, Obergefell

It's unclear when the Supreme Court will release its decision on Trump's claims. Trump's trial was supposed to have begun last month, but depending on how the Supreme Court rules in this case, it could be delayed past the election. As of now, Trump's Manhattan hush-money trial is his only criminal trial to have started. Trump could not attend oral arguments at the Supreme Court due to the New York trial, in which he stands charged with 34 counts of business fraud related to hush-money payments made to porn star Stormy Daniels. Their ruling could have sweeping effects on the future of the presidency, particularly if they accept some of Trump's argument that a Nixon-era Supreme Court decision on civil immunity applies to criminal charges as well.

Persons: —, Donald Trump, Sonia Sotomayor, D, John Sauer, Sauer, Saur, Sotomayor interjected, he's, Sotomayer, Jack Smith, Trump, Stormy Daniels, Smith, Nixon, Joe Biden Organizations: Service, Business, Trump Locations: Manhattan, York

astead herndonLast year, the comedian was Roy Wood Jr., a veteran of “The Daily Show” on Comedy Central —archived recording (roy wood jr.) Happy to be here. I don’t think you can ignore anything that the American people are bringing to you. So I think that’s where it ain’t funny to a lot of people. And I think that’s what we’re — those are the only two things we’re armed with is either laughs or yelling. But now do you want the funny guy that’s going to be in control of your uterus?

Persons: astead herndon, Jon Stewart, Wanda Sykes, roy, Dark Brandon, Roy Wood Jr, astead herndon —, I’ll, I’m, Clarence Thomas, There’s, Trump, it’s, Donald Trump, —, Biden, ” I’m Astead, ”, Showtime ”, that’ll, astead herndon Really, It’ll, astead, Jim Messina, Joe Biden, Rupert Murdoch, That’s, Harry Styles, Don Lemon, Harris, Ron Klain, exoticize Joe Biden, Scranton Joe, we’re, you’re, Obama, herndon, we’ve, Bob Dole, that’s, George Floyd, They’re, what’s, Roy, Buddy, who’s, Trayvon Martin —, let’s, Ludacris, Kim Kardashian, Ray J, Kardashian, astead herndon Roy, he’s, Joe Biden’s, It’s, I’ve, He’s, George Lopez, they’re, astead herndon I’m, there’s, John Oliver — astead herndon, “, Sarah Palin, Tina Fey’s, Nikki Haley, ain’t, Haley, Nikki Haley can’t, donald, Ron “ DeSanctimonious, astead herndon It’s, who’ve, Obama Obama, Lock, Hillary’s, Marco, You’re, Little Marco, Karine Jean, Pierre, astead herndon That’s, Donald Trump’s, Stormy Daniels, Jonah Bromwich, haven’t, jonah bromwich You’ve, We’ve, Michael Cohen, David Pecker, don’t, Trump — jonah bromwich, He’ll, biden, astead herndon Joe Biden, Let’s, She’s Organizations: White, Super, Comedy, “, Disney, The New York Times, Showtime, astead herndon, Trump, Biden, Paramount, BET, Scranton, Republicans, Florida, M University, Black College, Republican, Democratic Party, Democratic, Democrat, RFK, Party, Tea Party, SNL, Democrats, Tower, National, ”, AMI, Trump — Locations: Washington , DC, France, America, ” I’m Astead Herndon, herndon, Scranton, Tallahassee, Birmingham , Alabama, Birmingham, astead herndon, South Carolina, CPAC, Palestine, Israel, Manhattan, Florida, Tampa, Pennsylvania

☆ The Supreme Court is about to decide if a president can get away with committing crimes while in office
▼ + stars: | 2024-04-24 | by ( Jacob Shamsian | Brent D. Griffiths | ) www.businessinsider.com time to read: +12 min

Donald Trump is asking the Supreme Court to recognize that he had total legal immunity as president. Trump is asking the Supreme Court to grant him a sweeping immunity mandate as he runs to recapture the presidency. "This may indeed be the most important US Supreme Court case in the history of our country," he told journalists at a panel organized by the Defend Democracy Project. The Supreme Court will likely issue a decision in late April. "The Supreme Court need not stray into other questions just because Trump has made it easy for them.

Persons: Donald Trump, Jack Smith's, —, Trump, Jack Smith, Richard Nixon, David Frost, Smith, He's, Stormy Daniels, Todd Blanche, David Pecker, Tanya Chutkan, Barack Obama, Dana Verkouteren, doesn't, MANDEL NGAN, Nixon, Gerald Ford's, Ford, Leon Jaworski, indicting Nixon, Robert Ray, Bill Clinton, Monica Lewinsky, Donald Ayer, Ronald Reagan, George H.W, Bush, it's, Justice Department's, Chutkan, BRENDAN SMIALOWSKI, framers, Mark Meadows, Norm Eisen, Obama's Organizations: Service, Justice Department, Capitol, Department, Air Force, Nixon, Trump, Prosecutors, AP, Getty, Independent, Department of Justice, Defend, Justice, White House Locations: Washington , DC, Georgia, Florida, New York, Manhattan, United States, AFP, Fulton County

☆ Your questions about Trump’s immunity claim at the Supreme Court, answered
▼ + stars: | 2024-04-24 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +14 min

The US Supreme Court, after refusing to hear the claim on an expedited basis, took up the case after a lower court tore Trump’s immunity claim to shreds. We asked for your questions about the immunity claim, some of which I’ve tried to answer below with help from CNN’s reporting and Supreme Court reporters. When Smith asked justices to expedite the case and consider Trump’s immunity claim before an appeals court, they declined. If Trump’s immunity claim is upheld by the Supreme Court, what can anybody or any government body do to challenge the decision? MichaelThe Supreme Court is the final word on legal matters, so there is no higher authority to overrule its decision.

Persons: Donald Trump, Trump, I’ve, Chris, CNN’s, Joan Biskupic, Jack Smith, Donald Trump’s, Biden, Here’s, Thomas, Jan, Greg, Clarence Thomas, John Eastman, Gilbert None, Trump – Neil Gorsuch, Brett Kavanaugh, Amy Coney Barrett –, he’ll, Randall, Smith, it’s, Shouldn’t, Gore, John, Devan Cole, ” Cole, Cole, Juan Here’s Biskupic’s, Nixon, Fitzgerald, Richard Nixon, ”, It’s, acquit, ’, Curt Trump’s, George Washington’s, Nixon’s, Gerald Ford, Ford, Michael, Charles, SCOTUS, Sheryl, Massachusetts Nobody, convicting, Joe, Johnson Organizations: CNN, US, Trump, DC, DC Circuit, Supreme, Iowa Trump, White, House, Department Locations: Iowa, Arizona, Bush, California, Colorado, Brady, United States, New Jersey, New York, Georgia, The, York, Washington , DC, Massachusetts, Mississippi

☆ Opinion: Trump’s refusal to follow gag order could cost him
▼ + stars: | 2024-04-23 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +5 min

Norm Eisen Courtesy Norm EisenTuesday morning, however, will be something I have never seen before in my three decades of criminal law practice. Seven of the 10 came after Trump was put on notice of the gag order hearing and were rolled into it. As the Court found in issuing the gag order, Trump’s history of attacking his perceived foes presents a serious threat to the safety of witnesses and jurors (among others) and thus to the integrity of the trial. Moreover, the comments at issue concern the trial and are not in regard to Trump’s presidential campaign – at all. The judge may split the baby and order sanctions for some but not all of Trump’s statements.

Persons: Norman Eisen, “, Trump, Donald Trump’s, Norm Eisen, Juan Merchan, Attorney Alvin Bragg, Daniels, Michael Cohen, Merchan, they’re, Emil Bove, Cohen “, Mr, Cohen, ” Organizations: CNN, Trump, Attorney, TRUMP Locations: York

☆ How a gag order showdown explains everything about Trump
▼ + stars: | 2024-04-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“He knows what he’s not allowed to do, and he does it anyway.”Conroy was referring to Trump’s incessant testing of a gag order protecting witnesses, court staff and the jury. “Michael Cohen is a convicted liar and he’s got no credibility whatsoever,” Trump said in an interview with WPVI Philadelphia. Trump could face a ladder of escalating sanctionsProsecutors now want Merchan to fine Trump $1,000 for each of 10 alleged violations of the gag order and to warn that imprisonment could be an option if he continues to flout restrictions. Trump claims the gag order stifles his right to free speech and to campaign as a presumptive party nominee. And while a dispute over one partial gag order might seem like a small wrinkle in an individual case, it conveys a wider truth about Trump’s impact on American life.

Persons: Chris Conroy, Donald Trump, “, he’s, ” Conroy, Michael Cohen, Stormy Daniels, Juan Merchan, Trump, “ Michael Cohen, ” Trump, CNN’s John Miller, “ Judge Merchan, ”, Jeffrey Swartz, Jim Sciutto, CNN Max, lacerating, Merchan, Elizabeth Williams, Todd Blanche, doesn’t, CNN’s Erin Burnett, —, Jack Smith’s, there’s, •, Joe Biden’s, Volodymyr Zelensky, Biden, mishandle, He’s, president’s, Trump’s, George Conway, ” Conway, CNN’s Burnett Organizations: CNN, GOP, The New, Trump, Philadelphia, Prosecutors, New York City Department of Corrections, Cooley Law, US, Trump Organization, Conservative Political, Conference, Biden Locations: The New York, Washington ,, Georgia

☆ Hush-money judge repeatedly bench-slaps Donald Trump's lawyer over gag violations: 'You're losing all credibility!'
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

"You're losing all credibility," the judge railed when Blanche insisted Trump was "careful" online. "You're losing all credibility," New York Supreme Court Justice Juan Merchan angrily told the lawyer, Todd Blanche. It was at this point that the judge accused Blanche of "losing all credibility." Blanche's arguments at Tuesday's hearing, in defense of Trump's posts, fell roughly into three categories. Blanche's third argument was that reposting attacks on trial witnesses that were originally made by others was somehow exempt.

Persons: Todd Blanche, Blanche, Trump, —, Donald Trump, Juan Merchan, Merchan, Christopher Conroy, Timothy A, Clary, Trump's, Michael Cohen, Stormy Daniels, I've, Atilgan, Daniels, Cohen, Conroy, Jesse Watters, David Pecker, Pecker, Hillary Clinton, Ted Cruz, Alvin Bragg's, reimbursing Cohen, Karen McDougal, McDougal Organizations: Service, GOP, Prosecutors, Reuters, Trump, Anadolu Agency, Getty, Fox, Merchan, National Enquirer, Mar, Manhattan, Trump Organization Locations: Manhattan, Florida, Washington, DC

☆ Donald Trump will get $1.3 billion in Trump Media bonus shares if the stock doesn't crash today
▼ + stars: | 2024-04-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Trump is set to get millions of extra shares if Trump Media trades above $17.50 through Tuesday's session. That would see the former president awarded $1.3 billion in extra stock. AdvertisementTrump Media & Technology just has to manage not to crash Tuesday for former President Donald Trump to be awarded an extra $1.3 billion worth of stock in the Truth Social parent company. When Trump Media made its market debut in late March, the stock peaked sharply before crashing nearly 40% in a matter of weeks. Last week, Trump Media CEO Devin Nunes lashed out at short sellers for helping to tank the stock.

Persons: Trump, —, Donald Trump, Devin Nunes, Nunes Organizations: Trump Media, Service, Trump Media & Technology, Social, . Company, Trump, Bloomberg, Truth, Citadel Securities

☆ Truth Social: Donald Trump is on the verge of another $1 billion windfall
▼ + stars: | 2024-04-22 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

As long as Trump Media & Technology Group’s share price doesn’t spectacularly implode before Tuesday’s closing bell, Trump is on track to receive another 36 million shares as the owner of Truth Social. Even though Trump Media is losing money and Truth Social is very tiny, those new shares Trump is in line to receive would be valued at about $1.3 billion at current prices. Of course, Trump Media’s share price is subject to extreme volatility, meaning the value of this stake can swing wildly. ‘Grossly overvalued’Even though Trump Media’s share price has retreated since spiking to $66 last month, experts warn it remains overvalued based on fundamental metrics. Ritter, who has been studying IPOs for four decades, expects Trump Media’s share price to eventually plunge to just $1 or $2 per share.

Persons: Donald Trump, Trump, ”, Michael Ohlrogge, ‘, Matthew Kennedy, Kennedy, Jay Ritter, University of Florida . Ritter, Peter Byrne, Cooley Organizations: New, New York CNN, Trump Media & Technology, Truth, Trump Media, Trump, SEC, NYU School of Law, Renaissance, Facebook, Meta, University of Florida, NYU Locations: New York

☆ DJT SPAC: Trump Media Stock Price Collapse Is Only Going to Get Worse
▼ + stars: | 2024-04-22 | by ( Emily Stewart | ) www.businessinsider.com time to read: +6 min

Trump Media & Technology Group, which owns the conservative Twitter clone Truth Social, went public via SPAC in late March. Short sellers, if I had to guess, feel pretty good, even if Trump's company is trying to prevent them from betting against it. AdvertisementWhile Trump is a political figure, Trump Media's stock price is not really a political story. The same day, its stock price fell by 14%, though the next day it bounced. That TMTG's stock price has fallen isn't surprising.

Persons: I'm, Jim Cramer, Donald Trump's, Trump, DJT, it's, TMTG, isn't —, Peter Kafka, doesn't, TMTG isn't, Devin Nunes —, Devin Nunes, California —, He's, It's, Emily Stewart Organizations: Trump Media & Technology Group, Twitter, Republican, Nvidia, Truth, Meta, Trump, Trump Media & Technology, Business Locations: SPAC, TMTG, California

☆ Trump flip-flopped on absentee voting — but don't expect his supporters to start trusting the system now, political scientist says
▼ + stars: | 2024-04-21 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Donald Trump has inexplicably flip-flopped from his years of previous remarks disparaging the voting system and is now supporting absentee and early voting. "Absentee voting, early voting, and election day voting are all good options," the former president wrote on Truth Social on Friday afternoon. This story is available exclusively to Business Insider subscribers. AdvertisementWhile "vote-by-mail" and "absentee voting" are phrases often used interchangeably, there are minor differences in the procedures for each system. AdvertisementNicholas Grossman, an assistant professor of Political Science at the University of Illinois, told Business Insider it's unlikely Trump will maintain his newfound position supporting absentee and early voting.

Persons: Donald Trump, Trump, Jack Smith, Mitt Romney, Barack Obama —, Nicholas Grossman, Grossman, he's, That's, couldn't Organizations: Service, Business, US Post Office, Los Angeles Times, Science, University of Illinois, GOP, Trump, CNN, Republicans Locations: Trump, California

AdvertisementDonald Trump enters his first criminal trial every day flanked by lawyers, court officers, Secret Service members, and political advisors. AdvertisementFormer President Donald Trump speaks alongside his wife, former first lady Melania Trump, during a rare joint appearance as they arrived to vote in Florida's primary election. Bederow explained that Melania Trump's courtroom support could be "potentially very powerful" given the salacious nature of the hush-money case against Trump. Danilewitz said Trump's defense team may have a different strategy in mind when it comes to Melania Trump. If Trump's family does decide to show up Monday, they might want to wear sweaters.

Persons: Donald Trump's, —, Donald Trump, Melania Trump, Giorgio Viera, Mark Bederow, Bederow, Melania, I'm, Trump, Stormy Daniels, Daniels, Jill Huntley Taylor, Huntley Taylor, they're, he's, Julia Vitullo, Martin, Trump's, it's, Sam Bankman, Fried, Ghislaine Maxwell, Jeffrey Epstein, Jane Rosenberg Melania Trump, Jean Carroll, Carroll, Justin Danilewitz, Brendan McDermid, Arthur Aidala, Rudy Giuliani, Harvey Weinstein, It's, That's, Aidala, Danilewitz, Todd Blanche, Susan Necheles, Emil Bove, Gedalia Stern —, Steven Cheung, Jason Miller, Margo Martin, Natalie Harp, Clifford Robert, Donald Trump ., Ivanka Trump, Eric Trump, Donald Trump Jr, Donald Jr Organizations: Service, Secret Service, Getty, Trump, Prosecutors, Vera Institute of Justice, REUTERS, AP, Former Brooklyn, New, Trump Organization, Melania Trump, New York Times Locations: Manhattan, New York

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