Les Wexner, former owner of Victoria’s Secret, testified in a five-hour deposition regarding his relationship with Jeffrey Epstein, whom he claimed to have been unaware of the extent of Epstein’s crimes. Wexner described himself as gullible and naive about Epstein’s activities, admitting to drawing a humorous Playboy-style illustration in Epstein’s birthday book and denying any close friendship or sexual relationship with him. He also stated he dissociated from Epstein after learning of his criminal conduct and denied knowledge of properties linked to Epstein, including a house near his estate.
The estate of Jeffrey Epstein has agreed to pay up to $35 million to settle a class-action lawsuit brought by survivors, with the final amount depending on the number of claimants. The lawsuit alleges that Epstein’s co-executors, Darren Indyke and Richard Kahn, facilitated his sex trafficking and abuse, though they deny any wrongdoing. The settlement requires court approval and resolves all claims against them and the estate; multiple survivors have already received compensation, and Epstein's estate previously settled with two banks for a total of $365 million.
The Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize President Donald Trump to impose his global tariffs. The decision limits the President's authority to implement such tariffs without explicit congressional approval.
The U.S. Supreme Court has ruled that former President Trump's emergency global tariffs were unlawful, according to Georgetown Law Professor Gregory Shaffer.
President Donald Trump held the inaugural meeting of his Board of Peace in Washington, emphasizing the importance of peace in the Middle East. However, critics noted a contrast between his peace rhetoric and increasing military tensions in the region, particularly concerning Iran.
Senator Elizabeth Warren urged Bessent and Powell to rule out a bailout for World Liberty Financial, emphasizing the need for financial agencies to improve protections for retail consumers.
The article criticizes the U.S. government's allocation of $10 billion to President Trump’s Board of Peace, a private initiative overseeing Gaza's reconstruction, questioning its transparency and alignment with existing UN mechanisms. Despite ongoing humanitarian crises and Israeli military actions in Gaza, the funds are significantly limited, and the board's authority remains unclear and potentially unaccountable. Experts warn that the plan risks transforming Gaza into a heavily controlled enclave dominated by external interests, sidelining Palestinian voices and sovereignty aspirations. The piece highlights broader regional tensions, including the threat of war against Iran, which threaten to undermine peace efforts in Gaza and beyond.
The U.S. Supreme Court ruled that former President Trump exceeded his authority in using emergency powers to impose tariffs without congressional approval, invalidating the tariffs as illegal. California Governor Gavin Newsom urged Trump to refund billions of dollars collected from these tariffs, describing them as an illegal cash grab that harmed consumers and businesses. The ruling did not specify how refunds should be handled, but potential claims could amount to up to $170 billion. Trump indicated he would impose a new tariff and launch investigations, while other state officials, such as New York Governor Kathy Hochul, supported refunds to residents.
Former President Donald Trump announced plans to sign an order imposing a 10% global tariff under section 122, in addition to existing tariffs. He also criticized Supreme Court justices, though specific details are not provided in the summary.
Following the Supreme Court's ruling that his sweeping tariffs are illegal, former President Donald Trump claimed, "I can do anything I want, I could do anything to them (countries)... I'm allowed to destroy the country." The post garnered significant attention, with 19,000 votes and 1,600 comments.
The U.S. Supreme Court ruled that former President Donald Trump lacked the authority to impose tariffs under laws intended for national emergencies. Trump criticized the decision and vowed to impose additional tariffs.
The Supreme Court unanimously ruled that President Trump exceeded his authority by imposing most tariffs under a 1970s law, effectively striking down those tariffs. Trump criticized the decision but vowed to continue pursuing his trade agenda through other means, such as Section 232 tariffs. Business groups welcomed the ruling, emphasizing the potential for tariff refunds and economic benefits, while analysts highlighted ongoing challenges related to refund processes and legal disputes. The decision underscores limits on executive power in trade policy and leaves existing tariffs, including Section 232, unaffected.
