Trump Organization intends to create 25 entities for future product or hotel licensing deals, monitor says
CNN
The monitor overseeing the Trump Organization’s finances wrote in its latest report that Donald Trump’s company intends to create 25 new entities for products or hotel licensing deals.
The monitor overseeing the Trump Organization’s finances wrote in its latest report that Donald Trump’s company intends to create 25 new entities for products or hotel licensing deals. “The Trump Organization informed the Monitor that, contingent upon the execution of certain agreements, it intended to create 25 new entities for the purpose of either licensing products or merchandise and hotel licensing deals. For these contemplated transactions, there have been no financial disclosures to third parties, and there is no ongoing requirement for any such disclosures. One entity was dissolved during this reporting period,” the monitor wrote. The monitor report did not specify if the potential deals will be domestic or foreign. CNN has reached out to the Trump Organization for comment. Trump’s family business came under scrutiny while he was in office for millions of dollars his properties received from foreign governments or government-controlled entities. He was sued for violating the emoluments clause of the US Constitution but the cases fizzled when the Supreme Court dismissed them as moot with Trump out of office. Since Trump left the White House, his real estate company has inked deals in Oman and Vietnam and has hosted various golf tournaments by the Saudi-backed LIV Golf tour.
President Donald Trump signed an executive order Tuesday to develop policy recommendations to expand access to and affordability of in vitro fertilization.
The Trump administration ordered legal service providers working with unaccompanied migrant children to stop their work, according to a memo obtained by CNN.
Louis DeJoy, the head of the US Postal Service, intends to step down, the federal agency said Tuesday, after a nearly five-year tenure marked by the coronavirus pandemic, surges in mail-in election ballots and efforts to stem losses through cost and service cuts.
The John F. Kennedy Presidential Library and Museum in Boston was forced to close Tuesday due to the “sudden dismissal of federal employees,” the library’s foundation said in a statement to CNN.
Brazil’s former President Jair Bolsonaro has been charged in connection with an attempted coup d’état, according to documents filed by prosecutors Tuesday evening.
A federal judge considering whether to indefinitely block President Donald Trump’s executive order banning transgender service members described it on Tuesday as having “unadulterated animus” toward transgender Americans.
Argentine President Javier Milei has defended himself for promoting a cryptocurrency whose value collapsed within hours of its launch, likening those who invested in the token after his endorsement to gamblers at casinos.
A federal judge declined on Tuesday to temporarily block Elon Musk and his Department of Government Efficiency from accessing federal data systems at a slew of executive branch agencies.
A Maryland court on Tuesday ordered a blogger known as Ziz who leads a cultlike group connected to six killings held without bail.
As President Donald Trump orders federal workers to return to the office, he spent the fourth straight day at home here at his Mar-a-Lago resort.
The federal judge overseeing the corruption case against New York City Mayor Eric Adams has scheduled a hearing Wednesday to consider the Justice Department’s controversial motion to dismiss the charges.
Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit.
The Trump administration has quietly fired multiple members of the “privacy team” and other officials from the office that oversees the hiring of federal workers, a move that limits outside access to government records related to the security clearances granted to Elon Musk and his associates, according to multiple sources familiar with the matter.