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Former US President and Republican presidential candidate Donald Trump speaks during a rally in Doral, Florida, on July 9, 2024. Various Trump megadonors are also on the RNC lineup including venture capitalist David Sacks and investors Steve and Zach Witkoff. In total, the RNC will have over 80 speakers rallying support around Trump before the convention culminates in officially designating him the Republican presidential nominee. Notably missing from the RNC speaker list is former First Lady Melania Trump, as well as Trump's daughter and former White House advisor Ivanka Trump. Melania has so far been conspicuously absent from the Trump campaign trail, drawing mockery from President Joe Biden.
Persons: Donald Trump, Trump, frontrunners, frontrunners — Sens, JD Vance, Marco Rubio, Doug Burgum —, Sen, Tim Scott, Vivek Ramaswamy, David Sacks, Steve, Zach Witkoff, Mike Johnson, Tucker Carlson, Amber Rose, Melania Trump, White, Ivanka Trump, Melania, Joe Biden, Eric Trump, Lara Trump Organizations: Republican, Republican National Convention, Capitol Hill, frontrunners —, North Dakota Gov, GOP, RNC, Trump, Senate, Conservative, Republican Party Locations: Doral , Florida, R, Ohio, Savannah, Milwaukee
CNN —Six decomposing female bodies were found in a quarry in the Kenyan capital of Nairobi on Friday, according to police, sparking a protest at a nearby police station. The identities of the dead or how long the bodies had been at the quarry were not immediately clear. “It appears to be a dumping site for bodies and I suspect there could be more,” Hussein Khalid, executive director of human rights group Vocal Africa told CNN. The CNN crew also filmed Kenyan police beating and later arresting some paramedics who were helping injured protesters in Nairobi. The decision was taken “upon reflection, and a holistic appraisal” of his cabinet, he told reporters from State House Nairobi.
Persons: ” Hussein Khalid, , , Japheth, Douglas Kanja, Friday’s, William Ruto’s, Rigathi Gachagua, Musalia Mudavadi Organizations: CNN, Criminal Investigations, Africa, Kenyan, Kenya’s, State House Locations: Nairobi, State House Nairobi
A new problem is bedeviling humanitarian aid convoys attempting to deliver relief to hungry Gazans: attacks by organized crowds seeking not the flour and medicine that trucks are carrying, but cigarettes smuggled inside the shipments. In tightly blockaded Gaza, cigarettes have become increasingly scarce, now generally selling for $25 to $30 apiece. U.N. and Israeli officials say the coordinated attacks by groups seeking to sell smuggled cigarettes for profit pose a formidable obstacle to bringing desperately needed aid to southern Gaza. But the cigarettes have managed to slip through for weeks inside aid trucks, mostly through Kerem Shalom crossing into southern Gaza. Aid trucks that set off from the crossing into Gaza were then attacked by crowds of Palestinians, some of them armed, seeking the cigarettes hidden inside, according to U.N. and Israeli officials.
Persons: , Egypt —, Andrea De Domenico Organizations: United Nations, New York Times, Aid, Humanitarian Affairs Locations: Gaza, Kerem Shalom, Egypt, Jerusalem
CNN —Yet again, tens of thousands of people in Gaza are on the move, as the Israeli military issues fresh evacuation orders for a number of areas in Gaza City. It’s unclear how many people in Gaza City have heeded the latest evacuation order. The IDF confirmed to CNN that the evacuation order for parts of Gaza City was the third in the past 10 days. On July 2, the Israeli authorities clarified that the European Hospital in Khan Younis was not included in the evacuation order. Now, one of the main hospitals in Gaza City – the Al Ahli Baptist – has also closed its doors.
Persons: CNN —, Khan Younis, don’t, Khader Al Za’anoun, Wafa, Al Za’anoun, , ” Al Za’anoun, OCHA, Deir, Dawoud Abu Alkas, – Jonathan Whittall –, Tedros Ghebreyesus, , Nasser, Al, Hosam Naoum, Rasheed, Saleh, ” Saleh, ” OCHA, , Maysa Saleh, Khan Younis “, Louise Wateridge Organizations: CNN, Israel Defense Forces, UN, UN Office, Humanitarian Affairs, IDF, Reuters, European Hospital, World Health Organization, Cross, Nasser, WHO, Episcopal, Facebook, Norwegian Refugee Council, NRC Locations: Gaza, Gaza City, Shujaya, Old City, Daraj, Khan Younis, Rafah, Al Mawasi, Khan, Al Ahli, Jerusalem, Deir al, Deir
Former U.S. President and Republican presidential candidate Donald Trump looks on during his campaign event, in Racine, Wisconsin, U.S. June 18, 2024. In 2020, before Biden took office, the SEC accused Ripple and its founders of violating securities laws by acting as unregistered brokers of digital currency tokens, which the SEC regulates as securities. In 2023, the SEC filed a similar complaint against Coinbase, the largest U.S. crypto exchange platform. Trump has seized on this frustration in recent months, recasting himself from a crypto skeptic into a crypto supporter. Some in the crypto industry who are siding with Trump are going farther than just complaining about Gensler.
Persons: Donald Trump, David Sacks, Trump, Stuart Alderoty, Gary Gensler, Alderoty, Paul Grewal, Biden, Coinbase, Christopher Giancarlo, Heath Tarbert Organizations: U.S, Republican, CNBC, Securities and Exchange Commission, SEC, Trump, , Futures, Commission Locations: Racine , Wisconsin, U.S, San Francisco, Washington
Read previewSeveral Silicon Valley figures have offered their thoughts on President Joe Biden's performance in Thursday's presidential debate — and it's not a pretty picture. AdvertisementSome Silicon Valley figures have warmed up to TrumpHeading into Thursday's debate, the election was clearly splitting opinion among Silicon Valley figures. AdvertisementTonight was a clear victory … for memes — Elon Musk (@elonmusk) June 28, 2024Plenty of other tech figures did not hold back when discussing Biden's performance, however. Some tech figures leaned into mockery. Y Combinator cofounder Paul Graham posted on X that "Biden bombing the debate" was good for the party as a better candidate would emerge.
Persons: , Joe Biden's, it's, influencers, Donald Trump, Biden, Reid Hoffman, Vinod Khosla, Joe Biden, Kimberly White, Elon Musk, Musk, Elon, there's, Hoffman, Khosla, Trump, David Sacks, Sacks, — David Sacks, @DavidSacks, Jason Calacanis, Biden —, Nikita Bier, Shaun Maguire, Delian Asparouhov, Ralph Wiggum, Sarah Guo, Paul Graham, — Paul Graham, @paulg Organizations: Service, Business, Republican, Trump, Cuban Missile, America, Founders Fund, Democrats, Biden Locations: America, Los Angeles, Atlanta, Sequoia, Delian, San Francisco, Silicon
When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of corporate complaints about President Biden. The executives at the Business Roundtable, a group representing some of the country’s biggest corporations, objected to Mr. Biden’s proposals to raise taxes. While the meeting was not antagonistic, it was indicative of three and a half years of executive grousing about Mr. Biden. Business leaders have criticized his remarks on “corporate greed” and his appearance on a union picket line. A number of prominent figures in Silicon Valley and on Wall Street — including the venture capitalists David Sacks and Marc Andreessen, and the hedge fund magnate Kenneth Griffin — have grown increasingly vocal in their criticism of Mr. Biden, their praise of former President Donald J. Trump, or both.
Persons: Jeffrey Zients, Biden, , , Lina Khan, David Sacks, Marc Andreessen, Kenneth Griffin —, Mr, Donald J, Trump Organizations: White House, Business, Biden, Federal Trade Commission Locations: Washington, Silicon Valley
Recent headlines suggest that our nation’s business leaders are embracing the presidential candidate Donald Trump. His campaign would have you believe that our nation’s top chief executives are returning to support Mr. Trump for president, touting declarations of support from some prominent financiers like Steve Schwarzman and David Sacks. Mr. Trump continues to suffer from the lowest level of corporate support in the history of the Republican Party. I know this because I have worked with roughly 1,000 chief executives a year, running a school for them, which I started 35 years ago, and I speak with business leaders almost every day. The reality is that the top corporate leaders working today, like many Americans, aren’t entirely comfortable with either Mr. Trump or President Biden.
Persons: Donald Trump, Trump, Steve Schwarzman, David Sacks, Biden Organizations: Republican Party
Read previewLinkedIn cofounder Reid Hoffman had some choice words for venture capitalist David Sacks after he endorsed Donald Trump earlier this month. "Sadly, rather than originality, Sacks' letter awkwardly regurgitates pro-Trump groupthink." "The voters have experienced four years of President Trump and four years of President Biden," Sacks wrote in his letter. With respect to economic policy, foreign policy, border policy, and legal fairness, Trump performed better. Sacks' support for Trump — and Hoffman's vocal condemnation for it — comes as a growing faction of Silicon Valley elites have voiced their support for the former president post-conviction.
Persons: , Reid Hoffman, David Sacks, Donald Trump, Sacks, Joe Biden's, Biden, Hoffman, Trump, Sacks hasn't Organizations: Service, Business, Trump, Putin, Silicon, Republican
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewElon Musk seems to be taking a page out of Donald Trump's playbook. This story is available exclusively to Business Insider subscribers. Musk admitted in his March interview with Don Lemon that he takes a "small amount" of ketamine every other week. Representatives for Musk didn't immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon, Donald Trump's playbook, Trump, Musk, David Sacks, Chamath Palihapitiya, they've, Zuck, Mark Zuckerberg, Sam Altman, There's, Don Lemon, Lemon, Musk didn't Organizations: Service, White, Business, Tesla, SpaceX, Wall Street, Trump, Reuters, Republican, OpenAI, Microsoft, Representatives Locations: San Francisco
Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free-fall and millions of people struggling to buy food. Only two years ago Africa’s biggest economy, Nigeria is projected to drop to fourth place this year. Hospitals are overrun with women wracked by spasms from calcium deficiencies. A nation of entrepreneurs, Nigeria’s more than 200 million citizens are skilled at managing in tough circumstances, without the services states usually provide. They take up arms and defend their communities when the armed forces cannot.
Organizations: Unions Locations: Nigeria, stampedes
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCraft Ventures' David Sacks talks Trump fundraiser in Silicon ValleyHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: David Sacks, Trump, Brian Sullivan, Organizations: Craft Ventures, CNBC Locations: Silicon Valley
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech for Trump: Silicon Valley investors turn against BidenSilicon Valley investors held a mega fundraiser for former President Trump in the heart of San Francisco - what was once an overwhelmingly liberal bastion of America. It's the most visible sign yet of a growing circle of tech elites switching camps -- and they're vocal, emboldened and rich. This week on a special edition of TechCheck, we go to David Sacks' mansion, as tech shifts to Trump.
Persons: Trump, David Sacks Organizations: Tech, Trump, Silicon, Biden Locations: San Francisco, America
Trump in liberal San Francisco for high-dollar tech fundraiser
  + stars: | 2024-06-06 | by ( ) www.cnbc.com   time to read: +5 min
(Photo by Eva Marie Uzcategui/Getty Images)Republican presidential candidate Donald Trump will attend a fundraiser hosted by two tech venture capitalists in San Francisco on Thursday, a high-dollar event expected to draw Silicon Valley investors turned off by the Biden administration's policies. Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, said business regulations implemented during Biden's presidency had alienated some people in the tech industry. Trump's campaign raked in record amounts after the guilty verdict last week, and the San Francisco event will add to his coffers. Vance, a potential running mate for Trump who previously lived in San Francisco and worked in venture capital, will attend the event, according to a source familiar with his plans. San Francisco remains a fertile fundraising ground for Democrats.
Persons: Donald Trump, Eva Marie Uzcategui, David Sacks, Chamath, Sacks, Jacqueline, Trump, Democrat Joe Biden, Trevor Traina, Biden's, Biden, Traina, Palihapitiya, Jacob Helberg, Peter, Helberg, Palantir, Peter Thiel, we've, Billionaire Elon Musk, Musk, J.D, Vance, Kamala Harris, Harris Organizations: U.S, Mar, Biden, Venture, Reuters, Democrat, Trump, Republican, San, Democrats Locations: Lago, West Palm Beach , Florida, New York, San Francisco, Francisco, Austria, bitcoin, Silicon, Israel
David Sacks, a prominent venture capitalist and part of the "PayPal mafia," is holding the fundraiser at his Pacific Heights residence. Tickets sold for $50,000 a head, with a $300,000 tier that includes perks like a photo with Trump. The fundraiser in the heart of the tech capital represents a growing shift in sentiment toward Trump, especially in what's been historically a liberal stronghold. "I know there's going to be a lot of people who support Trump, but they don't want to admit it," Sacks said on the podcast last week. That's not to say Trump has lacked support from big money techies in the past.
Persons: Donald Trump, Stormy Daniels, David Sacks, Trump, Palihapitiya, Sacks, Hillary Clinton, he's, Peter Thiel Organizations: Republican, PayPal, Trump, Social Capital, Biden, Republican National Convention Locations: New York City, U.S, San Francisco, New York, what's
Soon, the three Republicans — Mr. Vance, Mr. Trump Jr. and Mr. Vance’s friend, David Sacks, the Silicon Valley entrepreneur — were getting to know one another for a half-hour or so in a private dining room of the Conrad Hotel. It was there, at that impromptu post-dinner hang hours after Mr. Trump became the presumptive Republican nominee, that Mr. Sacks signaled that he was all-in for Trump 2024. On Thursday evening, this time on his own California turf, it will be Mr. Sacks’s turn to host Team Trump. The former president himself is flying to San Francisco to attend a fund-raiser at Mr. Sacks’s $20 million home on the toniest street in the city’s tony Pacific Heights neighborhood. The private event, the first campaign fund-raiser since Mr. Trump’s criminal conviction last week, is expected to raise north of $12 million, according to people involved in the gathering.
Persons: J.D, Vance, Donald Trump Jr, — Mr, Trump, Vance’s, David Sacks, , Conrad, Sacks, Sacks’s Organizations: Republican, Trump Jr, Trump, Team Trump, tony Locations: Ohio, California, San Francisco, Heights
While Musk hasn't formally endorsed Trump, one reason Silicon Valley heavy-hitters could be gravitating toward a convicted former president is a desire to see less regulation on tech development in America. AdvertisementCuban, a vocal opponent of Trump who has expressed his support for Joe Biden, told Business Insider in an email that he views the support from Silicon Valley and Wall Street billionaires for Trump as "self-serving." "So unless it's very light touch, which is unlikely at this point, the more influence they have over Ai regulation the better the opportunity to advantage themselves." "It's still very early to be imposing regulation," Sacks said. That's not to say every Silicon Valley player investing in AI and Trump hopes to see an unrestrained, Wild West of artificial intelligence development.
Persons: , Donald Trump, Elon Musk, Shaun Maguire, Trump, David Sacks, Biden, Puck, Sacks, hasn't, Mark Cuban, Joe Biden, Cuban, BRENDAN SMIALOWSKI, Maguire, Sacks didn't, Garry Tan, Y, That's, Chamath, Palihapitiya, Musk, Rishi Sunak Organizations: Service, Silicon, Trump, Business, Sequoia Capital, Venture, Wall, acc, Securities and Exchange Commission, and Wildlife Service, British Locations: Russia, Ukraine, San Francisco, America, Silicon Valley, Cuban
Read previewFormer President Donald Trump's conviction yesterday on falsifying business records hasn't dissuaded high-profile supporters on Wall Street — some of whom are newly energized by the historic verdict. "Bluntly, that's part of why I'm supporting him," Maguire, a partner at Sequoia Capital, wrote on X about a potential conviction. AdvertisementTech investor David Sacks, who was reportedly in talks to hold a Trump campaign fundraiser at his San Francisco home, denounced the guilty verdict on X. "A sham trial designed for one purpose: to brand Donald Trump as a 'felon,'" Sacks wrote yesterday on X. AdvertisementIt wasn't only prominent business leaders on Wall Street circling their wagons.
Persons: , Donald Trump's, hasn't, Shaun Maguire, Maguire, David Sacks, Donald Trump, Sacks, Omeed Malik, Farvahar Partners —, Malik, Trump, haven't, Bill Ackman, Ron DeSantis, DeSantis, didn't, Elon Musk, Musk Organizations: Service, Trump, Republican, Business, Sequoia Capital, Tech, San, Farvahar Partners, CNBC, National Republican, Pershing, Wall Street Journal, he's Locations: White
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. While Silicon Valley has long been a liberal hub, Trump has been courting the big-pocketed tech executives and venture capitalists there. Others, like venture capitalist Marc Andreeson and Rabois, have not announced their support for Trump but have criticized Biden. The members of the monied West Coast class throwing their support behind Trump are mirroring some Wall Street counterparts. AdvertisementOf course, the growing number of influential Silicon Valley voices supporting Trump — Sacks and Palihapitiya have their popular podcast, Musk has his an entire social media platform — are not representative of many of the area's wealthy inhabitants.
Persons: , Shaun Maguire, Donald Trump —, Maguire, Hilary Clinton, David Sacks, Elon Musk, Keith Rabois, Trump, Chamath, Sacks, week's Trump, Biden, Musk, Marc Andreeson, Steve Schwarzman, he'd, Bill Ackman, Trump — Sacks, Palihapitiya, Marissa Mayer, Vinod Khosla Organizations: Service, Trump, Business, Silicon Valley, Big Tech, Blackstone, Biden Locations: Sequoia
Instead, Wall Street and Silicon Valley money is flowing into his re-election campaign following the ruling. “This verdict will have less than zero impact on my support,” Omeed Malik, the president of 1789 Capital and a co-host of a Trump fund-raiser last night at the Pierre hotel, told Bloomberg. “I haven’t heard anybody who gives a …,” he told CNBC of the conviction, using an expletive. Some big Silicon Valley names are doubling down. One who did is Shaun Maguire, a partner at Sequoia Capital, who gave $300,000 to the Trump campaign after the ruling, even though he acknowledged the decision could cost him friends and hurt business.
Persons: Donald Trump, ” Omeed Malik, Andy Sabin, , Biden, Bill Ackman, Trump, David Sacks, Shaun Maguire Organizations: Republican, Pierre, Bloomberg, CNBC, Trump, Sequoia Capital Locations: Silicon, San Francisco
Trump and Musk’s growing courtshipFor much of President Biden’s time in the White House, his relations with Elon Musk have been tense. They may be about to plunge to a new low after Biden’s re-election campaign hit out at reports that Donald Trump could make Musk an adviser if the Republican were to win in November. The president’s campaign sees mileage in targeting Trump’s ties to moguls. Musk and Trump met in March at the billionaire investor’s Palm Beach, Fla., estate, where the advisory role discussions took place. Peltz and Musk have also briefed Trump on a plan to invest in a project to prevent the possibility of voter fraud.
Persons: Trump, Biden’s, Elon Musk, Donald Trump, ” James Singer, DealBook, he’s, Musk, David Sacks, Peter Thiel, Steven Mnuchin, Rupert Murdoch, Nelson Peltz, hasn’t, Don Lemon, “ Let’s, , Biden, Tesla Organizations: Elon, Republican, Wall Street, Trump, Los Locations: Los Angeles, Palm Beach, Fla
But while Trump's small-dollar donors mobilize amid new Trump campaign ads labeling the former president a "political prisoner," Trump himself is gearing up to raise big money from wealthy Republicans. Trump campaign aides said late Thursday that it was unclear exactly how much the campaign had raised that day from small-dollar donors, but it was enough that the campaign's donation website crashed intermittently. Banks, a veteran Trump ally, told CNBC that Helberg is bridging the gap between Silicon Valley, Washington, D.C., and the defense industry. "I hope he'll play a big role in President Trump's second term and I look forward to seeing him in Milwaukee," Banks said. Helberg recently told The Washington Post that he gave $1 million in support of Trump after years of backing Democrats.
Persons: David Sacks, Chamath, Trump, Donald Trump, Joe Biden's, Barack Obama, Bill Clinton, Biden, Jacob Helberg, Alex Karp, Helberg, Palmer Luckey, Tommy Tuberville, Bill Hagerty, Jim Banks, Banks, Trump's, Hagerty Organizations: CNBC, Trump, Republicans, Hamptons, Republican, Madison, Republican National Convention, Garden, MSG, Radio City Music, NBC News, Democratic Party, Anduril Industries, D.C, Press, Anduril, Republican National Committee, Washington Post, Biden, Fund, Commission, America Locations: San Francisco, Texas, California, New York, New York City, Manhattan, Milwaukee, Sens, Ohio, Silicon Valley , Washington, United States, China, Israel
For weeks, the Gaza Strip’s southernmost city, Rafah, was one of the few places where desperate Gazans could find some aid and food. Bakeries sold bread; fuel powered generators; markets were open, if expensive. But since Israeli forces began an incursion in the city this month — effectively closing the two main crossings where aid enters — Rafah has become a place of fear and dwindling supplies. “There’s always something missing in the tent,” said Ahmed Abu al-Kas, 51, who is sheltering in Rafah with his family. “If we have bread, we don’t have water.
Persons: “ There’s, , Ahmed Abu al Locations: Gaza, Rafah, Kas
At a tech conference last week, Mr. Sacks said his view had changed. Such public support for Mr. Trump used to be taboo in Silicon Valley, which has long been seen as a liberal bastion. But frustration with Mr. Biden, Democrats and the state of the world has increasingly driven some of tech’s most prominent venture capitalists to the right. (He is set to co-host the fund-raiser for Mr. Trump alongside Mr. Others, like Marc Andreessen of Andreessen Horowitz and Shaun Maguire of Sequoia Capital, have criticized Mr. Biden without expressing support for Mr. Trump.
Persons: David Sacks, Donald J, Sacks, , Biden, Trump, Mr, Marc Andreessen, Andreessen Horowitz, Shaun Maguire, Keith Rabois Organizations: U.S . Capitol, Trump, Mr, Social Capital, Sequoia Capital, Khosla Ventures, Republicans, Congress Locations: Silicon Valley
Super PACs, which can accept unlimited donations, are legally barred from coordinating with or donating directly to politicians' campaigns. Advertisement"I'm gratified that a bipartisan group at the FEC has rightly rejected this baseless, headline-seeking complaint," Luke Thompson, the executive director of the super PAC, told Business Insider. "This super PAC was keeping him afloat as a candidate with research, messaging ideas, and all of the stuff that basically allowed him to remain viable." In recent years, it's become increasingly common for campaigns and super PACs to use public websites to get around existing campaign finance laws. Those materials had been funded by Never Back Down, a super PAC supporting the Florida governor.
Persons: , Republican Sen, JD Vance's, Peter Thiel, Donald Trump, Vance, Ellen Weintraub, Luke Thompson, Jonas Edwards, Jenks, Saurav Ghosh, they're, Ghosh, who's, Tim Ryan, Thiel, David Sacks, Rebekah Mercer, it's, Ron DeSantis's Organizations: Service, Commission, Republican, PAC, Campaign, Citizens United, Business, Legal, Citizens, Democratic, FEC, End Citizens, GOP Senate, Florida Gov, Florida Locations: Ohio, Florida
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