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Opinion | Bernie Sanders: Joe Biden for President
  + stars: | 2024-07-13 | by ( Bernie Sanders | ) www.nytimes.com   time to read: +1 min
I will do all that I can to see that President Biden is re-elected. I strongly disagree with Mr. Biden on the question of U.S. support for Israel’s horrific war against the Palestinian people. I strongly disagree with the president’s belief that the Affordable Care Act, as useful as it has been, will ever address America’s health care crisis. Our health care system is broken, dysfunctional and wildly expensive and needs to be replaced with a “Medicare for all” single-payer system. Health care is a human right.
Persons: Biden, Donald Trump —, Mr, Benjamin Netanyahu’s Organizations: Affordable Locations: France, United States
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDemocrats could suffer a "landslide defeat," sweeping them out of office everywhere, a former Obama advisor told The Atlantic. Since his disastrous debate performance last month, Biden has fallen further behind former President Donald Trump — even in states key to Biden's reelection. Last week, Sabato's Crystal Ball moved Michigan from "Lean Democratic" to "Toss Up" and Minnesota from "Likely Democratic" to "Lean Democratic." If accurate, the latest poll numbers would narrow Biden's path to victory, as he is already fighting in the swing states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.
Persons: , David Axelrod, Barack Obama's, Joe Biden's, Biden, Axelrod, Donald Trump —, Crystal Ball, Mark Levine Organizations: Service, Business, Electoral College, Bloomberg, Trump, Lean, Republicans, Democratic, Democratic Manhattan Borough, CNN Locations: Virginia , New Hampshire, Minnesota, Michigan, New Hampshire, New Mexico, Virginia, Maine, Arizona , Georgia, Nevada , North Carolina , Pennsylvania, Wisconsin
Read preview"The Daily Show" host Jon Stewart has criticized President Joe Biden's recent posture toward calls for the leader to step aside, saying the latter's defense is turning "Trumpian." This story is available exclusively to Business Insider subscribers. Only God could tell me to get out of the race,'" Stewart continued. In recent weeks, Biden has come under scrutiny after a dismal showing in his first presidential debate of 2024 against Trump. AdvertisementRepresentatives for Biden's campaign and Stewart did not immediately respond to requests for comments sent outside regular business hours by Business Insider.
Persons: , Jon Stewart, Joe Biden's, Stewart, Joe Biden, Donald Trump —, that's, Biden, Volodymyr Zelenskyy, Putin, Kamala Harris, Trump, George Stephanopoulos, Biden's, George Clooney, Barack Obama, Nancy Pelosi, Chuck Schumer Organizations: Service, Business, NATO, Biden, Trump, Democratic, Democratic House, Democrats, ABC News, Hollywood, The New York Times
Attendees dressed the part, streaming past photographers in custom sarees, lehengas and kurtas at an event that may set forthcoming trends in Indian wedding fashion. A lavish affairThe Ambani family has remained tight-lipped about proceedings in the build-up to Friday’s wedding, though rumors about the guest list and the identity of star performers have swirled in recent weeks. The celebrated couturier produced bespoke outfits for various members of the Ambani family throughout the month-long wedding celebrations. Sujit Jaiswal/AFP/Getty ImagesIt is not known precisely how much money the Ambani family has spent on the pair’s wedding celebrations. The weekend schedule concludes seven months of build-up to what has been described India’s wedding of year.
Persons: Anant Ambani, Radhika Merchant, Kim, Khloé Kardashian, Nick Jonas, Priyanka Chopra, Tony Blair, Rajinikanth, Sanjay Dutt, Ram Nath Kovind, Anant’s, Mukesh, John Cena, Francis Mascarenhas, Law Roach, Cherie Blair, Nick Jonas sparkled, sequins, Jonas, Prabal Gurung, Khloé, Nita Ambani, “ reimagine, Abu Jani Sandeep Khosla, Vijay Kumar, Monika Maurya, Ambani, Manish Malhotra, , Justin Bieber, haldi, Viren, Shaila Merchant, Anat Ambani, Mukesh Ambani, Nita, Sujit Jaiswal, Devanshi Zaveri, Jenica Kothari, It’s, , , Mark Zuckerberg, Bill Gates, Ivanka Trump, Rihanna, Pitbull, Isha, Anand Piramal Organizations: CNN, British, team, Reliance Industries, Forbes, Reuters Former British, Reuters International, New York Fashion, Brown University, Reliance, Encore Healthcare, Backstreet Boys, Beyoncé Locations: Mumbai, Varanasi, India’s Uttar Pradesh, AFP, , Antilia, Europe
And I think I’m the best qualified to win,” Biden told reporters at the NATO summit. CNN reported Thursday evening that Pelosi and former President Barack Obama have spoken privately about Biden and the future of his campaign. Another deeply painful ordealNo president has undergone a trial by news conference like the one Biden endured. And shortly afterwards, when a reporter asked Biden to weigh in on the qualities of his vice president, he referred to “Vice President Trump” instead of Kamala Harris. Tennessee Rep. Steve Cohen told CNN’s Anderson Cooper that Democrats need to stop their “fantasy games” and unite to beat Trump.
Persons: Joe Biden’s, Biden, Donald Trump, , ” Biden, , Jim Himes —, Nancy Pelosi, Biden’s, Pelosi, Barack Obama, poignantly, Trump —, George H.W, Bush —, Trump, Volodymyr Zelensky, Vladimir Putin, Nikki Haley, Trump ”, Kamala Harris, pollsters, CNN’s Edward, Issac Dovere, Jeff Zeleny, Obama, , MAGA, CNN’s MJ Lee, Himes, CNN’s Kaitlan Collins, you’re, Steve Cohen, CNN’s Anderson Cooper, I’m Organizations: CNN, NATO, Trump, Democratic, South Carolina Gov, White, House Intelligence, Connecticut Democrat, Tennessee Locations: West, Russian, Atlanta, Washington, Connecticut, United States of America
Read previewNATO is moving forward with a new initiative that will see it take greater control over Western efforts to arm and train Ukraine's military. The move comes as the alliance aims to solidify the long-term support for Kyiv as it battles the Russian invasion. Growing concern about the potential change in US leadership has hung over the highly consequential NATO summit in Washington this week. Ukraine's President Volodymyr Zelenskyy and US President Joe Biden at the 2024 NATO summit. "There are 32 countries in the alliance," the NATO official who spoke on the condition of anonymity said Thursday.
Persons: , Donald Trump —, Donald Trump, NICHOLAS KAMM, Volodymyr Zelenskyy, Joe Biden, Susan Walsh, Trump, Ivo Daalder, Laurynas Organizations: Service, Kyiv, NATO, Ukraine —, Business, Wednesday, Assistance, Training, White, Getty, Ukraine Defense Contact, AP, Ukraine, Russian, Trump, Wall Street, Kiel Institute, Politico, Republican, Democratic Locations: Russian, Ukraine, Washington, Germany, Poland, Romania, Slovakia, Kyiv, Russia, Europe, NATO
Incumbents pay the price in year of global elections
  + stars: | 2024-07-09 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +13 min
And elections in Taiwan and South Korea proved the dynamism of the idea that free elections can promote stable governance. The two round French election system once again kept the far-right out of power on Sunday but Macron’s gamble didn’t exactly pay off. An era of political turmoil now looms with a hung parliament, a likely shaky coalition and instability ahead of the next presidential election in 2027. Kevin Coombs/ReutersIndonesiaPrabowo Subianto, a former army general, won the presidential election in the world’s fourth most populous nation, which is home to its largest Muslim population. IranIran wasn’t supposed to have a presidential election this year.
Persons: El, they’ve, Donald Trump’s, Joe Biden, Trump —, Ursula von der Leyen, Emmanuel Macron, Le, Macron, Keir Starmer, Kevin Coombs, Suharto, Narendra Modi, Adnan Abidi, Imran Khan, Nawaz, Asif Ali Zardari, Benazir Bhutto, Sheikh Hasina, Vladimir Putin, Alexey Navalny, Putin, El Salvador, Nayib Bukele, , Bukele, Claudia Sheinbaum Pardo, ObturadorMX, Claudia Sheinbaum, Andrés Manuel López Obrador, Sheinbaum, Lai Ching, Yoon Suk Yeol, André Ventura, Peter Pellegrini, Robert Fico, Fico, Nelson Mandela —, , Macky Sall, Sall, Bassirou Diomaye Faye, Ebrahim Raisi, Ayatollah Ali Khamenei, Masoud Pezeshkian, ultraconservative Saeed Jalili, Pezeshkian Organizations: CNN, European Union, United States –, France, European People’s Party, Popular Front, Britain Voters, Conservative, Labour Party, Reuters, Reuters Indonesia Prabowo, Bharatiya Janata Party, BJP, Pakistan Muslim League, Pakistan People’s Party, Bangladeshi, Kremlin, El, El Salvador Strongman, El Salvador —, Getty, Democratic Progressive Party, Portugal Incumbents, Democratic Alliance coalition, Putin, Russian, South Africa Voters, National Congress, ANC, Democratic Alliance Locations: France, Britain, Iran, El Salvador, Slovakia, Russia, Indonesia, Mexico, South Africa, United States, India, Senegal, Taiwan, South Korea, Germany, London, Reuters Indonesia, Subianto, New Delhi, Reuters Pakistan, Pakistan, , Bangladesh, South Asia, America, China, Beijing, Portugal, Ukraine, Europe, Senegal Senegal, Africa, Sall, Iran Iran, Islamic Republic
CNN —The NATO summit was long planned to celebrate the alliance’s 75th anniversary, to lock in longterm military support for Ukraine and even to future-proof the West against a possible second term for Donald Trump. But his achievements, including Sweden and Finland’s entry into the group, will be eclipsed at the summit by his battle to save his political future. She added: “At this critical time for our country, President Biden must seriously consider the best way to preserve his incredible legacy and secure it for the future.”Biden will also have an important audience overseas. “Is it going to be President Biden? On the eve of the summit, Biden’s campaign distributed a memo lauding his leadership in keeping Kyiv standing more than two years after the Russian invasion.
Persons: Donald Trump, Joe Biden’s, George H.W, Biden, Sen, Patty Murray, ” Biden, Trump, Vladimir Putin, Kurt Volker, ” Volker, CNN’s Wolf Blitzer, Volker, , Joe Biden, John Kirby, , They’ve, Adam Smith, “ We’ve, CNN’s Jake Tapper, Joe ”, Putin, “ Donald Trump, Republican nominee’s, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Giorgia Meloni, Trudeau, Keir Starmer, CNN’s Alex Marquardt Organizations: CNN, NATO, Trump, Biden, United, Kyiv, Democratic, Senate, House Armed Services Committee, MSNBC, ABC News, Nordic, Republican, NATO Alliance, Canadian, Liberal Party, British Locations: Ukraine, Washington, George H.W . Bush, Sweden, Atlanta, Moscow, United States, Europe, Asia, European, Kyiv, Russian, Soviet Union, NATO, Toronto
Here are three true things about President Biden: He has done an excellent job as president. And he should step aside as his party’s nominee for president, probably in favor of Vice President Kamala Harris. Anyone who has been following American politics and policy has to be aware just how remarkable Biden’s achievements have been. But Biden, despite having only a razor-thin legislative majority, enacted major investments in infrastructure, advanced technology and green energy. Almost as many voters give credit for infrastructure to Trump — whose repeated promises to come up with a plan became a running joke — as to Biden, who got the job done.
Persons: Biden, , Donald Trump, Kamala Harris Organizations: International Monetary Fund, Trump Locations: American, America
CNN —If President Joe Biden is not the Democratic nominee coming out of the August party convention, it will have to be Vice President Kamala Harris. African Americans make up about 14% of the American population, yet in 2020 nearly 20% of Biden voters were Black, according to Pew Research Center. You think the ignominy of Harris campaigning for someone else is going to bring Black voters into the fold? The vice president is in the best position to receive Biden’s campaign funds, since her name is already listed on the campaign account. Are we prepared for our unvetted, untested Democratic nominee to flame out in the most important election of our lifetimes?
Persons: Bill Burton, Bryson Gillette, Obama, Joe Biden, Kamala Harris, Biden, Harris, Trump, isn’t Harris, , Gavin Newsom, Newsom, Sens, Cory Booker of, Raphael Warnock of, Wes Moore, SSRS, Harris —, Sen, John Edwards of, Ron DeSantis, Jeb Bush Organizations: Obama White House, CNN, Democratic, Biden, Pew Research, Trump, New York Times, Siena College, Black, Democratic Party, Maryland Gov, Florida Gov, Twitter, Facebook Locations: Pennsylvania, California, Washington, Cory Booker of New Jersey, Raphael Warnock of Georgia, John Edwards of North Carolina
The latest effort by the White House to quell the controversy is already disintegrating. His reasoning frustrated several governors who’d come to the White House to seek reassurance about Biden’s condition, sources said. “I’m not going anywhere,” Biden told military families gathered to watch July Fourth fireworks at the White House. And on Thursday, the presumptive GOP nominee offered to debate Biden one-on-one with without moderators. The increasingly unpromising state of the Biden campaign has many Democrats worried — one reason the ABC News interview and a scheduled press conference at the NATO summit in Washington next week will be so crucial.
Persons: Joe Biden, who’d, Biden, “ I’m, ” Biden, Karine Jean, Pierre, hadn’t, George Stephanopoulos, , Earl Ingram, , , he’s, Debbie Dingell, Trump, “ He’s, Gavin Newsom, “ That’s, ” Newsom, Kamala Harris, he’s “, Kevin Munoz, George W, Bush, Barack Obama, Crooked Joe Biden, ” Trump, we’ve, Jared Huffman, Biden’s, ” Huffman, Spelling, Huffman Organizations: CNN, ABC, Democratic Party, White, New York Times, Democratic, White House Press, Trump, Independence, Democratic National Convention, Senate, California Gov, curtailments, Republicans, NATO, California Democratic, “ CNN News Central Locations: Atlanta, Michigan, California, Washington
CNN —Amid the ongoing fallout from Joe Biden’s debate performance, talk in many top Democratic circles has already moved to who Kamala Harris’ running mate would be. A more open race, these top Democrats hope, would be for Harris’ running mate, with a focus on leading Democratic governors. “President Biden is our nominee, Vice President Harris is our running mate, and we will win this November,” he said. The anti-Trump coalition cannot afford to discount the strengths of the nominated Democratic running mate and current vice president. Harris’ answer: She’d turn around and say to him, “Why are you being so weird?”As vice president, Harris has tended to be known more for her word salads than sharp elbows like that.
Persons: CNN —, Joe Biden’s, Kamala Harris ’, Biden, Harris, That’s, it’s, Donald Trump’s, Harris ’, Roy Cooper, Andy Beshear, Josh Shapiro, J.B . Pritzker, Tim Walz, , they’ve, , hasn’t, We’ve, , Tim Ryan, he’s, ” Biden, Kevin Munoz, Harris —, I’ve, Kamala ” —, , it’s Kamala, “ Kamala Harris, Kamala, She’s, Nanette Barragán, ” she’s, ” Barragán, Biden’s, Timmaraju, she’s, Harris Harris, Biden metastasizing, Ezra Levin, Gregory Meeks, Trump Harris, Hillary Clinton, CNN’s Anderson Cooper, Jill Biden, ” Brian Fallon, Cooper, Beshear, ” Cooper, He’s, CNN’s Jeff Zeleny Organizations: CNN, Democratic, Biden, North Carolina Gov, Kentucky Gov, Pennsylvania, J.B, Illinois, NFL, Trump, , California Democrat, Congressional Hispanic Caucus, Democrats ’, Democratic doubters, Congressional Black Caucus, Democratic Party, New, CBC, Republican Locations: Minnesota, Alabama, Wisconsin, Ohio, California, Milwaukee, Detroit, Philadelphia, Atlanta, New York, North Carolina, Kentucky, Virginia , Montana, Iowa
WASHINGTON — After he gave his State of the Union speech in March, President Joe Biden seemed to have quieted persistent fears that, at 81, he was no longer up to the job. But a Democratic lawmaker who shook hands with Biden in the House chamber that night was troubled by his appearance. Biden's poor showing at the debate with Donald Trump last week threatens to end his campaign just four months before the election. A third Democratic lawmaker said that in recent months, Biden looked "exceedingly tired" when the two were together. Yet the interview comes eight days after Biden's appearance onstage with Trump — time enough for perceptions of his poor performance to calcify.
Persons: Joe Biden, Donald Trump's, WASHINGTON —, Biden, Donald Trump, who've, they've, Ronald Reagan, , Sen, Chris Coons, he's, Coons, " Coons, I've, who've vouched, Gerry Connolly, " Connolly, Connolly, Reagan, it's, I'm, You've, It's Organizations: U.S, Supreme, Republican, White, WASHINGTON, Democratic, Air Force, Trump, Biden, White House, Joint Chiefs, Staff, Los Angeles Times, Army Rangers, Omaha, ABC Locations: Washington , U.S, D, France, Paris, Pointe du Hoc
Read previewFormer First Lady Michelle Obama is the only Democrat capable of beating Donald Trump should President Joe Biden drop out of the race, a poll found. Around 50% said they would vote for Obama, while only 39% said they would vote for Trump. AdvertisementOther potential Democratic candidates all polled lower than Trump, with Vice President Kamala Harris trailing Trump at 43%-42%, California Gov. "Mrs. Obama supports President Joe Biden and Vice President Kamala Harris' re-election campaign." Obama campaigned for Biden in 2020, delivering the keynote speech at the DNC convention where she warned of the dangers of a second Trump term.
Persons: , Lady Michelle Obama, Donald Trump, Joe Biden, Obama, Biden, Kamala Harris, Gavin Newsom, Gretchen Whitmer, Michelle Obama, Mrs, he'd, She's, Barack Obama Organizations: Service, Trump, Democratic, Business, Trump ., Republican, Michigan Gov, NBC News, DNC, Biden, Washington Post Locations: California
Read previewFor most of President Joe Biden's White House tenure, Republicans have floated theories about the president's health and cast doubt on the veteran Democrat's leadership. Biden sought to use the debate to gain some momentum in a race that for weeks showed him tied with Trump in national polls. In the weeks leading up the Democratic National Convention in Chicago, this is not where the Biden campaign thought it'd be. But the former president is not in the clear in the eyes of the public, despite this week's Supreme Court ruling. Should Biden step aside, a more popular Democrat — backed by a party itching to defeat Trump again — could easily dispatch the former president in November.
Persons: , Joe Biden's, Donald Trump —, Biden, Trump, Biden's, Roe, Wade, they've, it'd, Mike Howell, Kamala Harris — who'd Organizations: Service, Republicans, Business, Trump, USA, Suffolk University, The New York Times, Siena College, Capitol, Democratic National Convention, Democratic, The Washington Post, Republicans pummeled Democrats, Biden, Daily Locations: Washington, Chicago
After last week’s debate disaster, some Democrats are trying to circle the wagons to protect President Biden, noting that Barack Obama lost his first debate as an incumbent president, too. Mr. Obama wasn’t 81 years old at the time of his debate debacle. And he came into the debate as a strong favorite in the election, whereas Mr. Biden was behind (with just a 35 percent chance of winning). A 35 percent chance is not nothing. But Mr. Biden needed to shake up the race, not just preserve the status quo.
Persons: Biden, Barack Obama, Obama, he’s, Donald Trump, Biden’s Organizations: Democratic Senate
But for anxious Democrats hoping Jill Biden will step in, don’t hold your breath. Jill Biden has been by his side for almost that entire time. Jill Biden believes that there is no one else who can defeat former President Donald Trump who poses a serious threat to democracy. President Biden and first lady Jill Biden, right, arrive on Marine One with granddaughters Natalie Biden, from left, and Finnegan Biden in East Hampton, N.Y. on Saturday -- two days after his disappointing debate performance. “Jill Biden, I begin to suspect, doesn’t want to talk about her feelings.
Persons: Kate Andersen Brower, Joe Biden, Jill Biden, Kate Brower katebrower.com Joe Biden, Catherine “ Jean ” Finnegan Biden, Biden, Valerie Biden Owens, Hunter, Jill, Joe isn’t, , , Joe, , you’ve, ’ ”, Barack Obama, Donald Trump, Melania Trump, à la Nancy Reagan, Nancy Reagan, Natalie Biden, Finnegan, Evan Vucci, Symone Sanders, Sanders, ” Jill, misspoke, Lady Jill Biden, Norman Jean Roy, Vogue Jill Biden, don’t, Biden’s, Camp David, “ Jill Biden, doesn’t, Singer, Trump, Hillary Clinton, Rosalynn Carter, Ronald Reagan, Rosalynn, Jimmy, Betty Ford, Carter, , Lady Bird Johnson, Hubert Humphrey, John F, Lady Bird Organizations: White, CNN, New, Stonewall, Republican, Finnegan Biden, Biden campaign’s, Vogue Magazine, Vogue, CBS, Camp, New York Times, Trump Locations: East Hampton, N.Y, Los Angeles, New Hampshire, Washington, Minnesota, Vietnam
Both of his prosecutions of Donald Trump — the Mar-a-Lago documents case in Florida, and the insurrection case out of Washington, DC — will be delayed and diminished by Monday's United States Supreme Court's immunity decision, legal experts predict. The SCOTUS decision found that former presidents are presumptively immune from prosecution for acts they took while in office. That review of the insurrection case — by the DC Circuit Court of Appeals and, likely, the Supreme Court once again — will take many months. Advertisement"The way the Supreme Court set up the new rule is that most everything the president does is 'presumptively immune,'" he said. By that new measure, any communication Trump has with another federal official is, for all practical purposes, immune from prosecution, he said.
Persons: , Jack Smith, Donald Trump —, SCOTUS, Trump, Cliff Sloan, Michel Paradis, Sloan, Paradis, Justice Barrett Organizations: Service, Monday's United, Business, DC, Appeals, Georgetown University, Columbia Law School, Prosecutors, Justice Department, Department, Trump Locations: Florida, Washington, Monday's United States, DC, Beach , Florida
WASHINGTON — The Supreme Court on Friday ruled in favor of a former police officer who is seeking to throw out an obstruction charge for joining the Capitol riot on Jan. 6, 2021, in a ruling that could benefit former President Donald Trump. Prosecutors in Trump's case said that even if Fischer wins, Trump's conduct would still be covered by a narrower interpretation of the statute. Fischer faces seven criminal charges, only one of which was the focus of the Supreme Court case. Even if the obstruction charge is ultimately dismissed, the other charges, including assaulting a police officer and entering a restricted building, will remain in place. In his election interference case, Trump faces four charges, including one count of obstructing an official proceeding and another of conspiracy to do so.
Persons: Micki Witthoeft, Ashli Babbitt, WASHINGTON —, Donald Trump, Joseph Fischer, Joe Biden's, Fischer, Trump, Trump's Organizations: WASHINGTON, Capitol, Trump, Sarbanes, Oxley, Justice Department, ., Prosecutors Locations: Washington , DC
There appeared to be an additional presence on stage with Democratic U.S. President Joe Biden and Republican former President Donald Trump in last night's CNN electoral debate: Vladimir Putin. The Russian leader was invoked roughly a dozen times in the 90-minute volley of verbal blows on domestic and foreign policy between the two candidates. Both have navigated the White House relationship with the Kremlin for a mandate each and shared very different views of the Russian leader. "I will have that war settled between Putin and Zelenskyy as president-elect before I take office on January 20th. The Russian leader has previously signaled interest in a potential prisoner swap for Gershkovich, rather than in financial compensation.
Persons: Joe Biden, Donald Trump, Vladimir Putin, Trump, , Putin, Volodymyr Zelenskyy, Zelenskyy, Russia —, Evan Gershkovich Organizations: Democratic U.S, Republican, CNN, Kremlin, Trump —, U.S, Kyiv, Wall Locations: Moscow, Russia, Ukraine, Washington, Ukrainian
Trump-backed candidates lost primary races in Utah, South Carolina, and Colorado. These defeats mark a rare trend of Trump endorsements failing in the 2024 election cycle. But in this week's primary elections, some Trump picks experienced rare losses. In Utah, Republican Rep. John Curtis — who has been critical of Trump — beat out Trump's chosen candidate Trent Staggs to take over Mitt Romney's open Senate seat. Staggs lost to Curtis by 20 points, according to projected race calls from the Associated Press, compiled by The New York Times.
Persons: Trump, , Donald Trump, John Curtis —, Trump's, Trent Staggs, Mitt Romney's, Staggs, Curtis Organizations: Trump, Service, Republican, Trump —, Associated Press, The New York Times Locations: Utah , South Carolina, Colorado, Utah
Shares of Trump Media & Technology Group closed up nearly 8% on Wednesday, adding to the stock's post-sell-off rally. Trump Media, which trades under the ticker "DJT," plummeted nearly 50% in the three weeks following the felony conviction of former President Donald Trump, Trump Media's majority shareholder. Shares of Trump Media closed at $26.75 last Thursday, its lowest level since April, but began rebounding on Friday. Trump Media, the parent company of social media platform Truth Social, started publicly trading on March 26 after merging with a special purpose acquisition company. The former president owns a nearly 65% stake in Trump Media, but he cannot sell any of his 114,750,000 shares until a postmerger lock-up period ends in late September.
Persons: Donald Trump, — Trump Organizations: Trump Media & Technology Group, Trump Media, Trump, U.S . Securities, Exchange Commission, Social Locations: Thursday's
As the Nevada caucuses drew to a close in February, Donald J. Trump and several top aides gathered for a quick dinner in a suite atop his hotel in Las Vegas before he descended and declared victory. But the Republican billionaire at the center of attention during the meal was not Mr. Trump — it was Dr. Miriam Adelson. The former president, by then on a glide path to the Republican nomination, wanted financial support from Dr. Adelson, a conservative megadonor, and she had a request or two. Be less bombastic, she told him, and speak more directly about the economy. But more important, she made clear to Mr. Trump and his top aides, Susie Wiles and Chris LaCivita, be patient.
Persons: Donald J, Trump, Miriam Adelson, Adelson, Susie Wiles, Chris LaCivita, Nikki Haley Organizations: Trump, Republican Locations: Nevada, Las Vegas
I’m still sorting through the Supreme Court’s immunity ruling, and while it’s way too early for a definitive interpretation (scholars will be arguing about it for years), it’s not too early for three broad conclusions. First, and most important, the Supreme Court granted a dangerous amount of discretion to presidents. The court might say that presidents aren’t above the law, but in reality, it established an extraordinarily broad zone of absolute immunity for presidents (one broad enough, as Justice Sonia Sotomayor notes in a dissent, to potentially protect presidents from prosecution for bribes and assassinations) and a tough test for prosecuting those acts that aren’t immune. To understand the most dangerous potential implications of this action, consider that a president has the extraordinary authority to order troops into American streets under the Insurrection Act. Then, once deployed, those troops would be under the command of a person who would almost certainly enjoy absolute immunity for the orders he gives them.
Persons: it’s, Sonia Sotomayor, John Roberts
But the LinkedIn co-founder is dumbfounded by the size of the social media fortune former President Donald Trump is sitting on. Trump’s conservative social media company, Truth Social owner Trump Media & Technology Group, is valued by Wall Street at a whopping $6 billion — even after a recent plunge in its share price. “That is wildly high,” Hoffman, who is now a director at Microsoft and a venture capital investor, told CNN. Trump’s stake is worth nearly $4 billionHoffman is hardly the first to express disbelief at the valuation of Trump Media. Based on Monday’s share price, Trump’s 114.75 million shares in Trump Media are valued at nearly $4 billion.
Persons: New York CNN — Reid Hoffman, Donald Trump, ” Hoffman, , Elon Musk’s, Hoffman, Trump, Meta, , Jay Ritter, Barry Diller Organizations: New, New York CNN, LinkedIn, Truth Social, Trump Media & Technology Group, Wall, Microsoft, CNN, Trump Media, Nasdaq, Reddit, Meta, Facebook, “ Trump Media, ” Trump Media, Trump, SEC, GameStop, AMC, University of Florida, ” Billionaire, MGM Resorts International, CNBC, White Locations: New York
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