'This is a White House in crisis': Group chat security breach has Team Trump going in circles
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New York Post
a minute ago
- New York Post
Larry Fink's BlackRock loses bid to dismiss Texas climate collusion claims
A US judge on Friday largely rejected a request by top asset managers including BlackRock to dismiss a lawsuit filed by Texas and 12 other Republican-led states that said the companies violated antitrust law through climate activism that reduced coal production and boosted energy prices. US District Judge Jeremy Kernodle in Tyler, Texas, agreed to dismiss just three of the 21 counts in the states' lawsuit, that also names institutional investors State Street and Vanguard. The lawsuit is among the highest-profile cases targeting efforts to promote environmental, social and governance goals. Advertisement Texas and 12 other Republican-led states accused BlackRock, State Street and Vanguard of violating antitrust law through climate activism that reduced coal production and boosted energy prices. BlackRock CEO Larry Fink, above. AP Representatives for the companies did not immediately respond to requests for comment. The ruling by Kernodle, who was appointed by President Trump, means the states can move forward with their claims that the asset managers violated US antitrust law by joining Climate Action 100+, an investor initiative to take action to combat climate change, and used their shareholder advocacy in furtherance of its goals. Advertisement The companies have denied wrongdoing and called the case 'half-baked.' But the states' theories garnered support from Trump-appointed antitrust enforcers at the Department of Justice and Federal Trade Commission. The outcome of the lawsuit could have major implications for how the companies, which together manage some $27 trillion, approach their holdings and passive funds. AP The outcome of the lawsuit could have major implications for how the companies, which together manage some $27 trillion, approach their holdings and passive funds. One possible remedy sought by the plaintiffs would be for the fund firms to divest holdings in coal companies, which BlackRock has said would harm the companies' access to capital and likely raise energy prices.
New York Post
a minute ago
- New York Post
Corporation for Public Broadcasting — which funds PBS, NPR — to close after federal aid cut
The Corporation for Public Broadcasting — which distributes money to NPR and PBS — will shut down after the loss of federal funding, the nonprofit said on Friday. The Republican-controlled House of Representatives passed a $9 billion funding cut to public media and foreign aid last month. This included the elimination of $1.1 billion earmarked for the CPB over the next two years. 3 The House passed a $9 billion funding cut to public media and foreign aid last month, including the elimination of $1.1 billion earmarked for the CPB that distributes funding to National Public Radio and Public Broadcasting Service. AFP via Getty Images 3 President Trump argues that financing public broadcasting is an unnecessary expense and that its news coverage suffers from an anti-right bias. Getty Images 'Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,' CPB President and CEO Patricia Harrison said. CPB informed its employees that the majority of its staff will be let go as of September end, except a small transition team that will remain through January 2026 to ensure closeout of operations. Created by Congress in 1967, the CPB distributed more than $500 million annually to the PBS, NPR and more than 1,500 locally operated public radio and television stations. 3 Since 1967, CPB has distributed more than $500 million annually to the PBS, NPR and more than 1,500 locally operated public radio and television stations. Rafael Henrique – President Trump and many of his fellow Republicans argue that financing public broadcasting is an unnecessary expense and that its news coverage suffers from an anti-right bias. The Trump administration has also filed a lawsuit against three board members of the CPB who have not left their posts despite Trump's attempt to fire them.
CNN
2 minutes ago
- CNN
Corporation for Public Broadcasting will shutter after Trump funding cuts
The Corporation for Public Broadcasting announced on Friday that it will wind down its operations due to the successful Republican effort to defund local PBS and NPR stations across the country. The announcement came just over a week after President Donald Trump signed into law a rescissions bill clawing back congressionally approved federal funds for public media and foreign aid. Of the $9 billion in canceled funds, $1.1 billion was earmarked for the CPB. 'Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations,' CPB president and CEO Patricia Harrison said in a statement. 'CPB remains committed to fulfilling its fiduciary responsibilities and supporting our partners through this transition with transparency and care.' Officials at the organization, which was founded more than 60 years ago, said they are focused on helping local stations figure out how to cope with sudden budget shortfalls. Harrison has warned that some stations, particularly in rural areas, will have to shut down without federal support. Most larger stations have numerous other funding sources, including viewer and listener donations, to soften the blow dealt by Congress. Still, public media executives have warned that the interconnected system will be weakened in various ways without federal funding as a foundation. Most of the corporation's roughly 100 staff positions will be eliminated when the money runs out on September 30. The CPB will maintain a small transition team through January to guarantee 'a responsible and orderly closeout of operations,' it said in a statement. On Friday, the CPB also filed a voluntary dismissal of its lawsuit against President Trump for his attempts to remove three of five board members from the organization. The Trump administration's cuts to the CPB were the culmination of the president's months-long effort to defund public broadcasters, which the president has alleged are 'biased' against conservatives.
