Latest News
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Trump and Netanyahu agreed that the US should pressure Iran to reduce oil sales to China.
Axios, citing U.S. officials who were briefed about the issue, reported that President Donald 'Trump' and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday to work towards reducing Iran’s oil exports. Axios quoted a senior U.S. government official as saying, "We agreed that we would go full force and exert maximum pressure on Iran, such as regarding Iranian oil sales to China." China's Foreign Ministry did not respond immediately to a request for comment on Sunday, which was the first day of the Lunar New Year holiday. China is responsible for over 80% of Iran’s oil exports. Iran's oil revenues would be affected if this trade were to decrease. U.S. diplomats and Iranians held nuclear talks last week through Omani mediators in an effort to revive diplomacy. This was after the U.S. President positioned a 'naval flotilla' in the region as the American military prepared for possible sustained, weeks-long operations against Iran. Reporting by Lisa Baertlein, Los Angeles; Additional reporting by Che pan and Ryan Woo, Beijing; Editing and Sergio Non by Diane Craft and Sergio Non
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New Zealand prepares for heavy rain and severe gales following floods that killed one person
New Zealand's forecaster warned Sunday of intensifying heavy rains and severe 'gales' for the country's North Island. This comes a day after flooding that was linked to the death of a single person led to power outages and road collapses, as well as home evacuations. The weather forecaster stated that "a significant low deepens today east of the North Island, bringing severe gales and heavy rain to the eastern, middle, and southern North Island." On its website, the weather service said that the worst of the storm was expected to arrive late Sunday. This would be followed by a gradual easing on Monday. Heavy rains began 'bashing large areas of the country Friday and causing the flooding. The authorities declared a state-of-emergency on Sunday for the Otorohanga District, a hard hit agricultural region with about 10,000 residents, located 180 km south of Auckland, the nation's largest city. On Facebook, the 'Otorohanga district council said that teams of geotechnical engineers "spent last night assessing slips" and checking the structural stability of roads in the area. Powerco reported on its website that 2,452 homes remained without electricity on the North Island. Authorities reported that a man died Saturday in his car, apparently drowned by floodwaters. They also said that 80 people had been evacuated to an emergency center. Images shared on social media showed vast semirural neighborhoods submerged, and sections of road that had collapsed where floodwaters receded. Reporting by Sam McKeith, Sydney Editing Rod Nickel
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Judge rules that Exxon Mobil may sue the California Attorney General for defamation regarding recycling
The federal judge rejected the California Attorney General Rob Bonta’s request to dismiss Exxon Mobil’s lawsuit accusing Bonta of defamation for criticizing Exxon Mobil’s?advanced? plastics recycling initiatives. Bonta claimed that he had immunity from suit because he criticised Exxon while in his official capacity of Attorney General and within the "heartland' of his employment duties. The Beaumont, Texas judge said that whether Bonta criticised Exxon with good faith is a factual question to be decided later. Truncale said he had no jurisdiction to hear the claims made against the Sierra Club, Baykeeper Heal the Bay, and Surfrider Foundation. Bonta's Office did not respond immediately to requests for comment. This campaign of lies aimed at derailing our advanced recycling business has to stop. "We refuse to allow others to attack our reputation and technologies?for financial and political gains," said an Exxon spokesperson in a press release. Exxon is increasingly willing to defend itself against critics who claim that its operations are harmful to the climate or increase greenhouse gas emissions. In January 2025 the company based in the Houston suburb of Spring, Texas sued Bonta, almost four months after California filed a lawsuit accusing Exxon for decades of lying about the limitations on recycling. Exxon manufactures polymers that are used to create single-use plastics. Bonta, a Democrat from California, objected Exxon’s promotion of their advanced recycling technology. This process converts hard-to recycle plastic into fuel. REVIEW SOME CHALLENGING STATEMENTS Exxon alleged that Bonta had made 14 statements in interviews, on-line posts, and other public appearances. Three statements claimed that Exxon’s recycling plan "was not based on truth", that plastic waste "piled up" in Houston, despite recycling efforts and that only 5% of U.S.?plastic?waste was recycled, while the remainder polluted the environment, waters, oceans and wildlife. Two of these statements were taken from an interview. In a 46 page decision, Truncale stated that it "wouldn't be unfair" for the statements to be reviewed as possible defamation, because they clearly involved Exxon or were based on Texas-based sources. The judge stated that Bonta's immunity as an official "depends on whether his statements are objectively false." He added that Bonta made a statement in an email with a link to a fundraising campaign, and that "campaigning was not Bonta’s job." Truncale's appointment to the bench was made in 2019 by Republican president Donald Trump. Jonathan Stempel, New York; David Gregorio, Matthew Lewis and Matthew Lewis.
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Italian PM Meloni offers debt suspension to African states affected by climate shock
Giorgia meloni, the Italian prime minister, said that Italy and their 'African partners' had centered their recent talks on a re-evaluation of the continent's?debt burden. Rome offered countries a chance for them to suspend payments when they are hit by extreme weather events. Meloni, at the end of the second Italy-Africa meeting in Addis Ababa, said: "Today we once again focused on a central issue for?Africa which is debt." "We launched a wide initiative on debt conversion for joint development project. We are adding debt suspension clauses to?this for nations that have been affected by extreme weather events. Meloni will attend the plenary of the 39th meeting of the Assembly of Heads of State and Government of?African Union on Saturday in Addis-Abeba. She didn't give any?details about how the suspension mechanism proposed would work, or which states might?take it up. Italy's foreign policy has placed a high priority on cooperation with African nations, notably through its "Mattei Plan," whose goal, according to Rome, is to create long-term partnerships for energy, agriculture, and infrastructure. (Reporting and editing by Tomaszjanowski)
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Mali renews Barrick Mining’s Loulo licence for another 10 years
Mali's military leader said in a Friday statement that the government had approved a draft decree renewing Barrick Mining Loulo's gold mining permit for another 10 years. Mali, Africa's largest gold producer, settled a dispute with Barrick in November over profit-sharing, control and ownership of the Loulo-Gounkoto complex of gold mines after two years' negotiations. The dispute was sparked by 2023 mining codes that increased taxes and increased state stakes in projects. Barrick has agreed to withdraw from the World Bank’s dispute tribunal its arbitration case, while Mali said that it would release all employees of the Canadian company, drop all charges and give operational control to the Canadian miner. Barrick conducted a feasibility study as part of the permit renewal. The study identified economically viable reserves that could support six years of open-pit mining or 16 years of underground mines. Gross annual production is estimated to be 420,920oz, according to the statement. Loulo-Gounkoto, located in western Mali, is the 'largest producer in the country and Barrick's most lucrative mine. It will generate almost $900,000,000 in revenue by 2024. (Reporting and writing by Mali Newsroom; Editing and proofreading by David Gregorio).
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Sources say Valero, a US refiner, will import up to 6 million barrels Venezuelan crude oil in March.
Valero Energy will buy up to 6.5 millions barrels of Venezuelan oil in March for its Gulf Coast refining plants, making it 'the top foreign refiner since the United States captured Nicolas Maduro, in January. Valero is one of the first U.S. oil refiners that resumed imports after the United States signed a landmark $2 billion oil deal with Venezuela's interim government, and started to ease sanctions. If Valero can buy 10 or more cargoes of Venezuelan crude next month, which is equivalent to 210,000 barrels a day, then it will surpass U.S. oil giant Chevron in the United States as the largest refiner. This would be the highest amount of Venezuelan crude oil Valero has processed since the United States sanctioned Venezuela's oil industry in January 2019. Sources told us last month that Chevron, which is the only U.S. oil company producing in Venezuela, will increase its exports to 300,000 barrels per day (bpd) in March from 220,000 in January. Chevron refines about half of its exports in its refineries and sells the remainder to other U.S. refining companies. Valero receives a large share of the Venezuelan oil that Chevron sells to U.S. refining companies. Six sources claim that Chevron will supply Valero most of the oil the refiner plans to import in March. Valero also has negotiated a few?cargoes with trading houses, including Trafigura. Trafigura was the first company authorized by the U.S. Government last month to trade Venezuelan oil alongside Chevron. According to a shipping schedule seen by the. Sources warned that the loading schedules are not finalized, and may still be revised. The sources spoke under condition of anonymity in order to discuss confidential information. Vitol, Trafigura and Trafigura have declined to make any comments. Chevron PDVSA and Chevron did not respond immediately to requests for comments. A spokesperson for Valero referred to remarks made by executive Randy Hawkins following the release of its fourth quarter earnings on January 29, 2019. Hawkins said that Valero is in discussions with Venezuelan oil sellers and expects it to be a large portion of the heavy-crude purchased in February and march. Valero had a long-term agreement with PDVSA to purchase crude oil before U.S. sanctioned. Valero’s total refinery capacity for Venezuelan crude was around 240,000 bpd, before the expansion of its 435,000 bpd Port Arthur, Texas refinery, scheduled to take place in 2023. Hawkins stated that the company expects to now be able to?process a much greater?volume? of Venezuelan crude oil. VENEZUELA IMPORTS RAMP UP The United States Secretary of Energy Chris Wright stated in Caracas that Venezuela's oil exports and production are expected to increase "dramatically" in the next few months. After production cuts were reversed last month, the country's oil output reached 1 million barrels per day (bpd) this month. Exports jumped to 800,000 bpd during January. Wright, NBC News' correspondent on Thursday, said that oil sales in Venezuela under U.S. management have reached $1 billion since Maduro was captured. Another $5 billion will be deposited into a U.S. controlled fund over the next few months. Since January, the United States has issued 'general licenses' authorizing oil exports to Venezuela, fuel supplies, equipment for oil and natural gas production, oilfield extensions, and new investments. According to three sources, Valero is considering purchasing oil directly from PDVSA using the new authorizations. This could allow them to increase their volumes. PDVSA has so far refused to sell to companies that do not have individual U.S. licensing, as there are still questions about what is allowed and what is prohibited, according to sources.
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Holiday schedule for US economic and other data
Presidents Day, which falls on February 16, will impact the schedule for the release of major economic, energy and commodities reports in Washington for the week beginning February 15. The schedule is below. The times are in GMT/EST. Treasury announcements may be subject to change. Monday, February 16, 2019 Presidents Day. Closed: Federal government offices, Federal Reserve and International?Monetary Fund, stock and Bond markets. Tuesday, February 17, 2019 National Association of Home Builders releases U.S. Housing Market Index, February, 1000/1500 Conference Board releases Employment Trends, January 1000/1500. Rescheduled event from February 9. Treasury Dept. Treasury Dept. The U.S. Department of Agriculture releases weekly U.S. Export Inspections for Grains, Oilseeds, 1110/1600. Note: this week's inspections are delayed from Monday because of the holiday. Treasury Dept. Treasury Dept. Due to the holiday, this sale has been delayed. National Oilseed Processors Association releases U.S. monthly soya crushings, 1120/1700 Treasury Dept. Treasury Dept. Wednesday, February 18, Mortgage Bankers Association releases weekly Mortgage Application Survey, 0700/1200 Redbook releases weekly retail sales index 0855/1355. Note: this is a delayed update from Tuesday. Commerce Dept. Issues Durable Goods Report for December. Housing Starts Report for December. 0830/1330. Note: The Housing Starts report includes initial November estimates Federal Reserve releases Industrial Production for January, 0915/1415 Treasury Dept. Treasury Dept. Treasury Dept. Treasury Dept. Treasury Dept. Treasury Department issues Treasury International Capital Report for December, 16:00/2100 American Petroleum Institute releases weekly national petroleum reports, 1630/2130. Due to the holiday, Tuesday's report has been delayed. Thursday, February 19, 2019 Weekly Jobless Claims Reports by the Labor Dept. Weekly Jobless Claims Reports, 0830/1330 Commerce Dept. releases Advance Economic Indicators for December; International Trade?for December, 0830/1330 Commerce Dept. releases Advance Economic Indicators (AED) for December; International trade?for December 0830/1330 National Association of Realtors releases Pending Home Sales for the Month of January, 1000/1500 Energy Information Administration (EIA), 1030/1530, releases weekly U.S. Underground Natural Gas Stocks. Treasury Dept. Treasury Dept. Treasury Dept. Treasury Dept. Freddie Mac issues weekly U.S. mortgage rates, 1200/1700 EIA releases weekly petroleum stock and output data, 1200/1700. NOTE: time change from Wednesday due to holiday. Treasury Dept. Treasury Dept. Federal Reserve releases weekly balance sheet 1630/2130 Friday, February 20, 2019 Commerce Dept. No time limit is set for the Permit Revisions issued by Commerce Dept. NOTE: Report will include the initial November estimates. Commerce Department issues an advance (first estimate) of U.S. Q4 Gross Domestic Product; issues Personal Income for December, 0830/1330 Commerce?Dept. USDA Releases Weekly Export Sales, 0830/1330. Due to the holiday, export sales are released on Fridays. Commerce Department releases Single-Family Home Sales for December, 1000/1500. Commerce Department releases Single-Family Homes Sales for December, 1000/1500. Report will include November initial estimates Treasury Dept. Treasury Dept. USDA Cattle on Feed monthly, 1500/2000
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CORRECTED - S&P 500 slightly down as inflation and tech drop
The S&P 500 barely closed higher on Friday. Technology and communications services were down due to lingering fears of AI disruption, but equity markets gained support from optimism that cooling inflation data will support Federal Reserve rate cuts. The CME Group's FedWatch tool showed that U.S. consumer price increases were lower than expected in January. This led traders to increase the probability of a 25-basis point cut in interest rates in June from 48.9% to 52.3%. This is a very good number. This suggests we are still far from the Fed's 2% target, but that inflation is not increasing. Peter Cardillo is the chief market economist of Spartan Capital Securities, New York. Preliminary data shows that the S&P 500 rose 2.32 points or 0.03% to 6,835.08 while the Nasdaq Composite fell 52.04 points or 0.23% to 22,545.11. The Dow Jones Industrial Average increased 47.44 points or 0.10% to 49,499.42. Recent equity markets have retreated from record highs as fears about disruption by artificial intelligence fuelled a'selloff' in sectors from software to insurance and trucking companies. On Friday, the S&P 500 index for software and services closed at 0.9% while the S&P 500 technology sector dropped 0.5%. Friday's inflation data encouraged investor hopes for Fed rate cuts after Wednesday's stronger-than-expected January jobs data sowed doubts. Phil Orlando, the chief market strategist of Federated Hermes, predicted that trading would be more volatile in the coming months. This was in light of AI concerns, looming mid-term elections for the United States in November, and Kevin Warsh, who is expected to replace Fed Chair Jerome Powell in May. Orlando said that the inflation data was better than anticipated and the trend continues to be lower. He said that historically, when a Fed leader transition occurs in a midterm year, it has caused the market to hit "double-digit" air pockets. Megacap tech'stocks' were weak, with Applied Materials and Apple Inc. providing a big boost. The S&P 500 index's 11 major industries were led by the defensive utilities and real estate sectors. The healthcare sector also saw a rise in shares of Dexcom, Moderna and other companies after they reported their fourth quarter earnings. Shares of Applied Materials surged after the company forecast revenue and profits for its second quarter that exceeded Wall Street's expectations. Arista Networks, a provider of networking equipment, also gained in the session as it forecasted annual revenues that were above expectations. White House trade advisor Peter Navarro'said that there was no basis for reports that the 'administration planned to reduce steel and aluminium tariffs. Steel Dynamics and Nucor were among the steelmakers that came under pressure. Alcoa shares fell, as did Century Aluminum. Reporting by Sinead carew in New York; Johann Cherian, Twesha dikshit and Purvi Agarwal in Bengaluru, and editing by Shilpa Majumdar and Pooja desai.
Who is Trump's target?
After taking office, U.S. president Donald Trump continues to criticize and take action against corporate executives, institutions and corporations.
His actions, from innovative export deals to freezing university grants, have upended the status-quo between government, law and academia.
Trump has publicly attacked a number of influential individuals and entities.
HILTON WORLDWIDE HOLDINGS
Hilton has removed a Minneapolis-area hotel from its system after a Department of Homeland Security posted on X that the hotel operator had "impeded" law enforcement by refusing to accept bookings for Immigration and Customs Enforcement (ICE) agents.
"We will remove this hotel immediately from our system." Hilton has always been an open and welcoming place, the company stated on X.
After allegations of fraud against Somali immigrants, the Trump administration increased the number of police officers in Minnesota.
NETFLIX
Netflix has acquired Warner Bros Discovery’s film studios, streaming service and Warner Bros Discovery’s streaming arm for $72 billion. This gives Netflix control over one of Hollywood’s most iconic assets.
After a lengthy bidding war, Netflix's offer of nearly $28 per share beat out Paramount Skydance, which made several unsolicited offers to purchase Warner Bros.?Discovery and its cable television assets.
Donald Trump, the U.S. president, said that he would decide whether or not the proposed merger should go ahead. He cited concerns about the combined entity's market share. "That will be up to some economists... It is still a large market share. It's a big market share.
GUNVOR CEO? TO STEP DOWN
Gunvor, a global commodity trading company, announced that its CEO Torbjorn Tornqvist would step down and sell all of his shares in a management-led buyout. This comes after the U.S. labeled the firm as the "Kremlin’s puppet" because of its previous Russian connections.
Earlier this month, the firm announced that Americas director Gary Pedersen will take on the top role. Pedersen was hired just last year by the company.
In November, the U.S. Treasury sank Gunvor's largest ever deal for the acquisition of international assets owned by Russian oil giant Lukoil sanctioned by the U.S.
Pedersen’s promotion coincides Gunvor’s efforts to improve its relations with the U.S. The firm has been in active discussions to invest in U.S. assets producing oil and gas in recent weeks.
GOLDMAN SACHS
Goldman's Economic Research arm published a report in August which stated that U.S. consumer had absorbed 22 percent of tariff costs up to June. If the latest levies continue the same pattern, their share may rise to 67 percent.
Trump stated shortly after that "David Solomon, and Goldman Sachs, refuse to give credit when credit is due." In a post made on Truth Social.
Trump claimed that "mostly, companies and governments, some of which are foreign, pick up the tab". Solomon's former hobby of DJing was also a target for Trump.
Trump asked Intel CEO Lip-Bu Tang to resign in early August because of China ties. In April, it was reported that Tan had invested $200 million into hundreds of Chinese chip and advanced manufacturing firms, including some linked to the Chinese military.
"The CEO at INTEL is very CONFLICTED, and must resign immediately. Trump stated in a Truth Social post that there is no solution to the problem.
Tan replied to Trump by saying that he shared his commitment to the advancement of U.S. economic and national security, and that the Intel Board was "fully supportive" of the transformation work our company is doing.
After a meeting with Tan, Trump praised him and the U.S. Government decided to buy a stake in this chipmaker.
MICROSOFT
Trump said in September that the tech company should fire its global Affairs president Lisa Monaco.
Trump stated on Truth Social that "she is a threat to the National Security of the United States, especially in light of the large contracts Microsoft has with the United States Government." "I believe that Microsoft should terminate Lisa Monaco's employment immediately."
Trump stated that Monaco's position at Microsoft would give her access to sensitive information. "This kind of access cannot stand," said Trump.
Monaco, who joined Microsoft in July, worked as a security adviser in the former administration of former President Barack Obama and was the?deputy Attorney General in Joe Biden's Administration.
Elon Musk, the billionaire CEO of Tesla's electric car company, spent hundreds of million dollars to support Trump's reelection. Investors who bid up Tesla's stock anticipated that this move would benefit Musk's empire.
Musk and Trump, however, had a falling out in June, after Musk criticised Trump's tax-cutting and spending bill, claiming that it would increase the federal debt.
Musk responded to Trump's comments on Truth Social by threatening to cut off federal contracts and subsidies to Musk's businesses. Trump also said that the billionaire had "gone CRAZY", after the bill was amended to remove the mandate for electric vehicles.
JAGUAR LAND RIDER
Trump criticised Jaguar's rebranding campaign in August. He called the campaign "woke", "stupid" and linked it to the departure of its CEO.
Trump's remarks came at a time when Tata Motors announced that CEO Adrian Mardell would be retiring after more than 30 years with the company.
Jaguar unveiled last year a new visual identity and logo as part of its brand refresh to reposition itself as an electrical automaker. This move drew harsh online criticism and backlash from brand loyalists.
Trump has repeatedly threatened tariffs against Apple and its CEO, Tim Cook, over the sale of iPhones in the United States outside their country.
After a meeting with Cook in Doha, the capital of Qatar in May, Trump remembered that he confronted him about Apple's plans to manufacture the majority of iPhones sold in America in factories in India by 2026.
In a post on social media, Trump said he had told Cook "long time ago" "I expect that their iPhones will be sold in America, and not in India or anywhere else."
Early in August, Trump announced that Apple would invest another $100 billion dollars in the U.S. This will bring its total commitment domestically to $600 billion within the next four-year period. Cook gave Trump an American souvenir made with 24-karat-gold base.
AMAZON.COM
Trump complained to Jeff Bezos, former CEO of Amazon.com in April about a report that stated the company would display the prices to show the impact tariffs have on the ecommerce retailer Amazon.com.
Amazon, however, said that it only briefly considered charging import fees for certain goods following Trump's announcement of tariffs in April, but abandoned the plan after the White House accused Amazon of a hostile political act.
Trump told reporters later that Bezos "very quickly" solved the problem and was "very nice".
BANK OF AMERICA & JPMORGAN CHASE
In August, Trump claimed that JPMorgan CEO Jamie Dimon and BofA CEO Brian Moynihan discriminated against him. He had earlier said that they didn't provide banking services for conservatives.
In a video speech at the World Economic Forum, Trump stated, "What you are doing is wrong." In a question and answer session with CEOs and corporate leaders assembled on stage, Trump did not provide any evidence of wrongdoing.
Dimon, the CEO of JPMorgan Chase was also mentioned. "You, Jamie and everyone, I hope you are going to open your bank up to conservatives." Both lenders have repeatedly denied allegations of "debanking."
WALMART
Trump stated in May that Walmart,?China and American consumers should "eat tariffs" to avoid burdening them. This was after Doug McMillon had said that the retailer couldn't absorb all tariffs-related costs due to narrow retail margins.
Walmart should STOP blaming tariffs for the price increases across the chain. Walmart made BILLIONS of DOLLARS in the last year. This was far more than anticipated, Trump wrote on social media.
Trump didn't call McMillon out personally but he did publicly criticize Walmart for attributing the price increases in May to tariffs that his administration imposed.
CRACKER BAREL
A retail chain was blindsided by an unexpected reaction when it changed its logo to remove the image of a man in overalls known as "Uncle Herschel", leaning on a barrel.
Cracker Barrel announced in late August that it would stick with its decades old logo and scrap plans for a brand new one after social media backlash. This included criticism from U.S. president Donald Trump.
"Congratulations Cracker Barrel on changing your original logo. "All of your fans are very appreciative," Trump said after the company reversed its decision on Truth Social.
COMCAST
Trump criticised Comcast's cable news network MSNBC over its coverage of his government. Trump told reporters that MSNBC was changing its name to MS NOW because the network's owners were ashamed.
Trump called Comcast "weak, ineffective and headed by Brian Roberts" last week.
SMITHSONIAN INSTITUTION
In anticipation of the U.S. 250th Anniversary, the White House announced that it would lead an internal review for some Smithsonian Museums and Exhibitions. Declaration of Independence.
In an executive directive issued in March, Trump stated that the institution was under the influence of "racist, divisive ideology" over the past few years.
HARVARD UNIVERSITY
Trump has targeted the oldest and richest American university. He has cancelled about $2.5 billion in federal grants, and is mounting efforts to stop research funding for Harvard. This is part of a larger campaign to change U.S. Universities, which Trump claims are gripped with antisemitic, "radical-left" ideologies.
We are going to remove Harvard's tax exemption status. "It's what they deserved!" In May, Trump posted a message on his social media platform.
Trump announced on September 30, that his administration is close to a deal, which would include a payment of $500 million by Harvard University. This comes after months spent negotiating over school policies.
COLUMBIA UNIVERSITY
The Trump administration announced in March that it would cancel $400 million of federal funding for Columbia University because of how the university handled protests last year.
This is just the beginning of many arrests to come. "We know that there are many more students at Columbia University and other Universities in the Country who have engaged pro-terrorists, antisemitic and anti-American activities, and the Trump Administration won't tolerate it," Trump wrote in a post on social media.
These comments were made after the arrest Mahmoud Khalil, a Palestinian graduate who was a major participant in the protests.
In July, the University announced that it would pay the U.S. Government?over 200 million dollars in settlement with Trump's Administration.
LAW FIRMS
Trump issued an executive order in March that restricted access to federal facilities and suspended security clearances of its employees due to their ties with Hillary Clinton and DEI policy.
Trump said that it was an "absolute honor" to sign the order. Trump had also issued a similar order in March against the New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, which he subsequently retracted after reaching a settlement.
In February, the law firm Covington & Burling was confronted with Trump's Presidential Memorandum, which suspended all security clearances of Peter Koski, and Covington employees, who had assisted former Special Counsel Jack Smith in prosecuting Trump.
Covington has said that it will continue to represent Jack Smith in spite of these measures.
Trump said, "We will continue to hold those who are responsible for weaponizing government and who supported this accountable."
THE NEW YORK TIMES PENGUIN RANDOM HOUSE
Trump has filed a $15 billion lawsuit for defamation against the New York Times, and Penguin Random House as part of his legal assault on media giants he claims have treated him unfairly.
THE WALL STREET JOURNAL
Trump filed a lawsuit against the Wall Street Journal, its owners and Rupert Murdoch for at least $10 Billion in July over the newspaper's claim that his name appeared on a 2003 greeting to Jeffrey Epstein which included a sexually explicit drawing and references to secrets that they shared. (Reporting by Deborah Sophia, Juveria Tabassum, Niket Nishant, Shivansh Tiwary, Savyata Mishra, Kritika Lamba, Arsheeya Bajwa, Zaheer Kachwala, Puyaan Singh, Pooja Menon, Dharna Bafna and Anshuman Tripathy in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila and Arun Koyyur)
(source: Reuters)