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politics-business1 year ago

"Biden's $6.6 Billion Boost for TSMC Chip Manufacturing in Arizona"

The Biden administration is providing $6.6 billion in federal funding to a semiconductor project led by the former CEO of Solyndra, the failed solar energy company that went bankrupt after receiving over $500 million in loans from the Obama administration. The project, run by Brian Harrison, will be carried out by Taiwanese chipmaker TSMC's Arizona subsidiary and aims to build a factory in Phoenix. This move has sparked criticism from Republicans over the administration's energy spending, especially given the history of Solyndra's financial troubles.

via Washington Free Beacon|
#biden-administration#green-energy#politics-business
politics-business1 year ago

"Truth Social's Impact on Trump's Finances and Stock Performance"

Donald Trump's net worth has surged to $7.5 billion following the public listing of his social network Truth Social, potentially offering a solution to his financial woes and legal troubles. However, his fundraising for the 2024 campaign and legal expenses have been lackluster, leading him to explore unconventional tactics such as selling special edition Bibles. While the IPO windfall could alleviate some financial pressure, the future of Truth Social's profitability remains uncertain, with the company reporting significant losses and facing challenges in monetizing its platform. Trump's ability to cash in on his newfound wealth is also complicated by a six-month lock-up period for major shareholders, including himself, and the risk of triggering a stock price decline if he attempts to sell his shares.

via Vox.com|
#donald-trump#financial-troubles#fundraising
politics-business1 year ago

"Trump's Financial Dilemma: The $454M Bond Deadline and New York Judgment"

As a $454 million fraud bond deadline looms, Donald Trump, who once claimed a net worth of over $10 billion, is facing financial challenges and legal battles. Despite his claims of wealth, he is struggling to come up with the money to satisfy a civil judgment in a bank-fraud case brought by New York Attorney General Tish James. With his assets tied up and limited available cash, Trump is seeking ways to meet the court's demands, including potential financial support from billionaire associates and navigating the complexities of his business holdings.

via New York Post |
#business#donald-trump#financials
politics-business1 year ago

"Biden Opposes Sale of US Steel to Japanese Company"

President Joe Biden opposes the planned sale of U.S. Steel to Nippon Steel of Japan, emphasizing the need for strong American steel companies and workers. The $14.1 billion deal has raised concerns about job losses, supply chains, and national security, with Nippon Steel promising no job cuts and committing to keeping the U.S. Steel name and Pittsburgh headquarters. Biden's stance aligns with his focus on American manufacturing and support from prominent unions, while also reflecting concerns about Nippon Steel's connections to China.

via Yahoo! Voices|
#joe-biden#manufacturing#nippon-steel
politics-business1 year ago

"Trump's High-Top Sneakers Sell Out Within Hours of $399 Launch"

Former President Donald Trump introduced a $399 pair of "Never Surrender High-Tops" at a Philadelphia sneaker event, a day after being ordered to pay $355 million in a civil fraud case. The shoes, featuring an American flag, were met with both cheers and boos. Despite claims of no political connection, the appearance was promoted by campaign officials. Trump, known for various money-making ventures, has sold everything from steaks to trading cards. The limited edition shoes, sold on a website linked to a company he owns, were completely sold out by Monday afternoon.

via Fox Business|
#business-ventures#civil-fraud-case#donald-trump
politics-business1 year ago

"Trump-Supporting Truckers Threaten New York Shutdown Amid Legal Losses"

Truckers supporting Donald Trump are threatening to boycott deliveries to New York City in protest of a court ruling that fined the former president $355 million for fraud. The boycott, initiated by conservative social media influencer Chicago Ray, has gained traction on social media, with truckers warning that it could significantly impact the city's supply chain and drive up prices for consumers. Trump has expressed support for the boycott, calling it a stand for freedom, while the influencer has distanced himself from being a leader of the movement.

via New York Post |
#boycott#fraud-ruling#new-york-city
politics-business1 year ago

"Trump's $399 Gold Sneaker Launch Met with Mixed Reactions at Philadelphia Convention"

Former President Trump received a mixed reception as he launched a new line of $399 gold high-top sneakers at a Philadelphia event, with both boos and cheers from the crowd. The launch came a day after a New York judge ordered Trump to pay $355 million in penalties for manipulating his net worth, potentially impacting his finances as he faces reelection. The "Never Surrender High-Tops" are available on a non-political website, but the event was met with a distinct reaction from the diverse audience.

via Business Insider|
#court-ruling#finances#philadelphia-convention-center
politics-business1 year ago

"Trump Introduces $399 Gold Sneakers Amid Legal Battles"

Former President Donald Trump unveiled a new line of self-branded merchandise, including gold sneakers and fragrance, at Sneaker Con in Philadelphia. The sneakers, priced at $199 to $399, are available for a limited time and limited to three pairs per customer, while the fragrance, Victory 47 Cologne and Perfume, is priced at $99. The products are the result of a licensing agreement with 45Footwear, not affiliated with Trump's campaign. Trump's appearance at the event was met with criticism and booing, and comes a day after a judge ordered him to pay $354 million in a New York civil fraud trial, which he plans to appeal.

via The Daily Beast|
#45footwear#donald-trump#fragrance
politics-business1 year ago

"Trump's Controversial $399 Gold Sneakers Launch Amid Legal Woes"

Donald Trump launches a line of $399 sneakers at a Philadelphia event, a day after being fined $355m for financial offenses. The "Never Surrender High-Tops" are part of his Trump-branded footwear collection, sold alongside Victory47 cologne and perfume. The unannounced launch follows a judge's order for Trump to pay hefty penalties for fraudulently overstating his net worth. With legal debts potentially exceeding $500m, Trump's latest money-making venture adds to a history of business endeavors, including digital trading cards and books, despite his ongoing legal troubles.

via Al Jazeera English|
#business-ventures#donald-trump#legal-troubles
politics-business1 year ago

"Trump Unveils 'Never Surrender' Sneaker Line Amid Legal Battles and Surprise Appearances"

Former President Donald Trump launched a sneaker line, "Trump Sneakers," a day after being ordered to pay nearly $355 million in a New York civil fraud trial. The sneakers, priced at $199 to $399, were unveiled at Sneaker Con in Philadelphia, with Trump expressing confidence in their success. Biden's campaign criticized Trump's appearance, and he is set to address supporters in Michigan amid mounting legal challenges, including a criminal trial and defamation judgment, totaling around $438 million in fines over the past four weeks.

via CNN|
#donald-trump#fraud-trial#legal-troubles
politics-business1 year ago

"Trump Unveils $399 'Never Surrender' Sneakers at Sneaker Con Amid Legal Battle"

Former President Donald Trump made a surprise appearance at "Sneaker Con" in Philadelphia to promote his new Trump-branded sneakers, priced at $399, a day after being ordered to pay $355 million in penalties for lying about his wealth. The website selling the sneakers also offers Trump-branded cologne and perfume. Trump's appearance was met with both boos and cheers, with supporters chanting "USA!" and detractors holding signs. The event drew a younger and more diverse crowd than Trump's usual rallies, and his campaign is hoping to win over more young and minority voters. This isn't the first money-making venture Trump has announced since launching his third campaign for the White House in 2022.

via The Associated Press|
#donald-trump#legal-troubles#politics-business
politics-business1 year ago

"Trump Defends Anheuser-Busch Amid Transgender Controversy"

Former President Donald Trump has been accused of being influenced by Anheuser-Busch InBev after calling for an end to the Bud Light boycott, following a controversial marketing campaign involving a transgender influencer. Trump's upcoming fundraiser, organized by a lobbyist for the company, and his ownership of up to $5 million worth of its shares have raised suspicions of a quid pro quo. The conservative backlash against Bud Light's marketing led to a significant sales plunge, prompting Trump's plea for a ceasefire, which some view as a strategic move to secure donations for his cash-strapped campaign. Anheuser-Busch InBev's financial struggles and efforts to repair its image following the controversy are also highlighted.

via Daily Mail|
#anheuser-busch#bud-light#conservative-backlash
politics-business1 year ago

"Trump Urges End to Bud Light Boycott Amid Controversy"

Caitlyn Jenner endorsed Donald Trump's call to end the boycott against Anheuser-Busch, praising the company as "incredible" despite backlash over its controversial ad campaign. Trump, in turn, lauded the brewer as a "great American brand" and suggested it deserves a second chance, while criticizing companies that "destroy America." The endorsement comes ahead of Trump's planned meeting with a lobbyist for Anheuser-Busch and a fundraiser co-hosted by him and congressional leaders. The controversy stems from an ad campaign featuring transgender influencer Dylan Mulvaney, which sparked a boycott and financial repercussions for the company.

via New York Post |
#anheuser-busch#boycott#bud-light
politics-business2 years ago

Vivek Ramaswamy's Political Journey: From Presidential Campaign to Future Role with Trump

Vivek Ramaswamy's unsuccessful presidential campaign led to a $120 million increase in his wealth, bringing his estimated net worth to $960 million. Despite spending $17 million on his campaign, he profited from the sale of shares in Roivant Sciences and the growth of Strive Asset Management. Ramaswamy's future plans remain uncertain, with speculation about a return to the private sector or a potential role in a second Trump administration.

via Forbes|
#politics-business#presidential-campaign#roivant-sciences
politics-business2 years ago

"2024 Antitrust Spotlight: Biden Administration Ramps Up Corporate Scrutiny"

The Biden administration is intensifying antitrust enforcement in 2024, targeting major corporations across various industries, including technology, healthcare, and retail. High-profile investigations are underway involving companies like Apple, Amazon, and Live Nation, with potential lawsuits that could significantly impact consumer practices and the business landscape. These actions could also influence Biden's reelection campaign and the government's future dealings with large corporations. With the election approaching, there's a push to move quickly on these cases to shape the future of corporate America's role in society.

via BNN Breaking|
##antitrust#bidenadministration