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.
Defense Secretary Pete Hegseth risked compromising sensitive military information that could have endangered US troops through his use of Signal to discuss attack plans, a Pentagon watchdog said in an unclassified report released Thursday. It also details how Hegseth declined to cooperate with the probe.
If nothing else, the controversy over the Trump administration’s second strike on an alleged drug boat in the Caribbean has surfaced a long-overdue debate about its already legally dubious first strikes.
Two top House lawmakers emerged divided along party lines after a private briefing with the military official who oversaw September’s attack on an alleged drug vessel that included a so-called double-tap strike that killed surviving crew members, with a top Democrat calling video of the incident that was shared as part of the briefing “one of the most troubling things” he has seen as a lawmaker.
Authorities in Colombia are dealing with increasingly sophisticated criminals, who use advanced tech to produce and conceal the drugs they hope to export around the world. But police and the military are fighting back, using AI to flag suspicious passengers, cargo and mail - alongside more conventional air and sea patrols. CNN’s Isa Soares gets an inside look at Bogotá’s war on drugs.
Young Americans are “a generation under profound strain” with little confidence in institutions and widespread economic concerns, according to a Harvard Institute of Politics survey of adults younger than 30 released Thursday.
As lawmakers demand answers over reports that the US military carried out a follow-up strike that killed survivors during an attacked on an alleged drug boat in the Caribbean, a career Navy SEAL who has spent most of his 30 years of military experience in special operations will be responsible for providing them.
The murder trial of Brian Walshe, who is accused of killing and dismembering his wife in 2023 continues. Follow for live updates.
The FBI arrested a person Thursday who investigators believe planted pipe bombs near the Republican and Democratic National Committee headquarters the night before the 2021 US Capitol riot.
Lawyers for the New York attorney general’s office are expected to appear in federal court in Albany on Thursday to try to disqualify a US attorney from investigating the state’s civil case against President Donald Trump.
A new poll shows more than 70% of Republicans with Obamacare coverage don’t want their enhanced premium subsidies to expire.
A safety volunteer accused of fatally shooting a man taking part in a “No Kings” protest last June in Salt Lake City while firing at another man he believed to be a potential mass shooter has been charged with manslaughter, prosecutors announced Wednesday.
The specter of the Trump administration’s immigration crackdown looms over the Somali diaspora in the Twin Cities – home to the nation’s largest Somali population.
Honduras’ former President Juan Orlando Hernández thanked US President Donald Trump for pardoning his US drug trafficking conviction amid criticism from lawmakers that the pardon undermines the White House’s efforts to stop drug trafficking.