Trump Reportedly Wants To Use IRS To Go After Democrats—Here’s How He Could Do It

Donald Trump has refiled a $15 billion lawsuit against The New York Times, claiming defamation over an article that he argues misrepresented his business dealings. This legal action is significant as it highlights ongoing tensions between Trump and the media, and could set a precedent for how public figures engage with news organizations. The outcome may influence future defamation cases and the relationship between politicians and the press.

The article discusses how many of Donald Trump's donors have gained significant benefits during his second term, highlighting a trend where such favoritism has become more common and explicit compared to previous administrations. This matters because it raises questions about the integrity of political funding and the potential for corruption, as policies seem increasingly tailored to reward financial backers rather than serve the public interest.

As the Trump-Putin summit approaches, oil prices are expected to face a weekly loss. This is significant because geopolitical tensions and discussions between these two leaders can heavily influence global oil markets, impacting everything from fuel prices to economic stability.

John Bolton, the former national security adviser to Donald Trump, has been charged with sharing classified information, raising serious concerns about national security and the handling of sensitive data. This development is significant as it highlights the ongoing issues surrounding the protection of classified materials and the potential legal ramifications for those in power. The case could have broader implications for how classified information is managed and the accountability of public officials.

In the latest episode of TheStreet's Stocks and Markets Podcast, host Chris Versace discusses key topics affecting the financial landscape, including artificial intelligence, former President Trump, and tariffs. This podcast is essential for investors looking to navigate the complexities of today's market, as it provides insights from a seasoned Wall Street professional. Understanding these factors can help listeners make informed decisions in their investment strategies.

President Trump is taking steps to ensure that some ICE and TSA agents receive pay during the ongoing government shutdown, despite Congress not reaching a spending agreement. This move highlights the administration's commitment to supporting federal workers who are affected by the shutdown, which is crucial for maintaining morale and operational effectiveness in these agencies.

Former President Trump has announced that his administration is actively working on strategies to lower beef prices, a move that could significantly impact consumers and the agricultural sector. This initiative is important as it aims to alleviate financial pressure on families while supporting farmers and ranchers, potentially leading to a more stable economy.

Smartmatic, the voting-machine company, has been indicted over alleged bribery, which raises serious concerns about the integrity of electoral processes. This development is significant as it follows Smartmatic's previous defamation lawsuits against Trump allies, who accused the company of rigging the 2020 election. The indictment could have far-reaching implications for public trust in voting technology and the ongoing debates surrounding election security.

The Trump administration is facing a lawsuit over a controversial $100,000 fee for skilled worker visas, a program that many US tech companies rely on. The president has defended this fee, arguing that the program is being abused. This legal challenge highlights the ongoing tensions between immigration policies and the needs of the tech industry, which often depends on foreign talent to drive innovation and growth.

In a significant move, Trump has announced a deal aimed at reducing the costs of IVF treatment by allowing a Merck-owned company to be exempt from US tariffs and to list its fertility drugs on a future online marketplace. This initiative is crucial as it addresses the financial barriers many couples face when seeking fertility treatments, potentially making these essential services more accessible to those in need.

China's dominance in the processing of rare earth elements has significant implications for global technology and defense industries. These elements are essential for manufacturing a wide range of products, from smartphones to fighter jets. As the U.S. navigates its relationship with China, understanding this monopoly is crucial for policymakers and businesses alike.

In a significant move for families looking to expand, former President Trump has struck a deal with a drugmaker to lower the cost of a common IVF drug. This comes alongside new federal guidance that allows companies to offer fertility benefits separately from major medical insurance, similar to how dental and vision plans operate. This change is crucial as it could make fertility treatments more accessible to many, helping couples achieve their dreams of parenthood.

Volvo Group reported a 17% drop in profit for the third quarter, primarily due to weakening truck demand in the Americas. This decline highlights the challenges the company faces in a fluctuating market, which could impact its future growth and investment strategies. Understanding these trends is crucial for stakeholders as they navigate the evolving automotive landscape.

The FDA has approved expanded pediatric indications for Yuflyma, a significant development that allows more children to benefit from this treatment. This approval is crucial as it opens up new avenues for managing conditions in younger patients, ensuring they receive the care they need. With this decision, healthcare providers can now offer Yuflyma to a broader age group, potentially improving health outcomes for many families.

The US and UK have imposed sanctions on Chen Zhi, a Cambodian tycoon, and his Prince Group, accusing them of orchestrating a vast cyber-crime network in Southeast Asia. This operation allegedly involves large-scale online scams that exploit trafficked workers to deceive individuals globally. This matter is significant as it highlights the growing threat of cybercrime and the international efforts to combat such illicit activities.

Booz Allen Hamilton's stock rating has been downgraded to 'Hold' by TD Cowen, reflecting concerns over a challenging government environment. This decision highlights the pressures the company faces in securing contracts and maintaining growth amidst budget constraints and shifting priorities in federal spending. Investors should pay attention to how these factors may impact the company's performance moving forward.

BBVA's ambitious $19 billion hostile takeover bid for Sabadell has collapsed as only a quarter of Sabadell's shareholders accepted the offer, failing to meet the necessary 30% threshold for the deal to proceed. This outcome is significant as it highlights the challenges in mergers and acquisitions, particularly in the banking sector, and raises questions about BBVA's future strategies.

BBVA's ambitious $19 billion takeover bid for Sabadell has collapsed as only a quarter of Sabadell's shareholders accepted the offer, failing to meet the necessary 30% threshold for the deal to proceed. This outcome is significant as it highlights the challenges in mergers and acquisitions, particularly in the banking sector, and raises questions about BBVA's future growth strategies.