• Hollywood's new obsession is a twist on the classic soap opera

    Attendees at a screening for ReelShort's "Wings Of Fire."

    Tiffany Rose/Getty Images for ReelShort

    2025-06-03T08:42:01Z

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    This story is available exclusively to Business Insider
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    Mini-drama apps have grabbed Hollywood's attention as they've gained popularity in the US.
    The apps offer bite-sized, mobile-friendly episodes that people are paying to watch.
    They could be a low-cost alternative to traditional shows for Hollywood giants.

    Mini-drama apps made popular in Asia are surging in the US — and Hollywood is taking notice.These apps are best known for their soapy melodramas featuring princes, werewolves, and more, which are presented in bite-sized vertical episodes and meant for mobile phones. China-backed ReelShort is the most prominent purveyor of these, with typical titles like "The Double Life of My Billionaire Husband." Another top player is DramaBox.Hollywood has been trying to figure out how it can capitalize on the mini-drama craze, and studios like Lionsgate have been evaluating opportunities in the space."I get an overwhelming number of questions about this topic every week," said David Freeman, head of digital media at CAA. "Talent is actively exploring the space, creators are drawn to it due to the low cost of content production, and major companies are evaluating their strategic approach."Freeman said some key questions were which categories work well and whether the format could be expanded to the unscripted realm."In time, I anticipate that Netflix will find a way to successfully integrate vertical video and potentially make it part of their strategy to engage Gen Z audiences," he continued.As TV and streaming giants spend more money on sports at the expense of traditional TV and film, producers, studios, and other players are casting around for other entertainment markets and ways to serve audiences on the cheap.Social-media stars have already been getting a second look from Hollywood. And now, so are mini-dramas. Industry players said they'd taken note of the marketing on TikTok that the mini-drama apps are throwing behind their stars.App tracker Appfigures counts 215 short drama apps in the US and estimated US spending on them more than doubled in the past 12 months, to more than million a month in gross revenue.

    Still from "Breaking the Ice" on ReelShort.

    ReelShort

    Hollywood is curious about mini-dramasAgents and others told Business Insider that while Hollywood is buzzing about mini-dramas, companies are generally still in the initial stages of exploring the format.
    One traditional player that's making concrete moves in the space is TelevisaUnivision. It's planning to debut 40 telenovela-style minidramas on ViX, its streaming platform, and intends to expand to other genres like docs and comedy.Others are at least mini-drama curious. Lionsgate, for one, has been in the early stages of exploring the format, a person familiar with the studio's plans said. Hallmark is another studio that's discussed the format internally, a person familiar with the company's thinking said.Select Management Group, an influencer talent management firm, is looking for mini-drama actors to sign, primarily those prominent on ReelShort.Select's Scott Fisher said verticals have "become another place you find talent," much like YouTube birthed digital stars like MrBeast and Emma Chamberlain.People have questionsDespite Hollywood's interest, it's unclear how these vertical dramas could fit into the traditional film and TV system, which emphasizes high production values and guild-protected talent.And people in Hollywood told BI they had plenty of questions.Here are a few:These mini-dramas often fall below the budget threshold that would trigger certain rules from the Hollywood guilds. But how can legacy companies take advantage of these productions' low costs without alienating the guilds and their members?Soapy melodramas are the most popular form of vertical series, but are they extendable to other genres such as reality TV, docs, and true crime? A+E Global Networks is taking the unscripted route, launching a slate of original series for mobile around its History brand in an effort to reach young viewers.Can they make real money? The appeal is that they're cheap to make, but how big of a business can they be? And what's the right mix of revenue between ads and viewer payments? ReelShort parent Crazy Maple Studio's founder Joey Jia said last year that viewers typically paid to a week.How should they distribute them? TelevisaUnivision has its own platforms to post such shows. But production companies that don't have their own distribution arms could use the likes of TikTok or YouTube and share the revenue with the platform.Are these dramas too far out of Hollywood's comfort zone for it to get right? Hollywood insiders remember how Quibi, Jeffrey Katzenberg's idea to make quick-bite shows, went down in ignominy. The big difference is that Quibi's episodes were more highly produced than today's vertical dramas and didn't employ a "freemium," pay-as-you-go model.'It's just a matter of time'

    Paramount's "Mean Girls" experiment on TikTok bore some resemblance to mini-dramas.

    Paramount Pictures

    Some media insiders think it's inevitable that big streamers and studios will at least test the format's potential.They've already shown some willingness to play with different formats and distribution platforms. For example, Paramount put "Mean Girls" on TikTok in 23 segments lasting one to 10 minutes. And YouTube and Amazon's Prime Video could make sense as distributors because they're already set up as platforms that allow people to rent or buy individual movies or shows."There's just a question of how far are they going to stray from doing what they normally do," Fisher said of the Hollywood players.Industry analyst Evan Shapiro sees mini, vertical-shot dramas as "toilet television," something made for watching on mobile phones and fitting the scrolling mentality. He added that he believes the format is a natural way for companies to incubate shows for TV."It's just a matter of time before you see a drama from one of these players and a fast follow into other formats," Shapiro said. "The big question is, how do we monetize that. But if it takes off, it converts to a premium, wide-screen format for TV."Geoff Weiss contributed reporting.
    #hollywood039s #new #obsession #twist #classic
    Hollywood's new obsession is a twist on the classic soap opera
    Attendees at a screening for ReelShort's "Wings Of Fire." Tiffany Rose/Getty Images for ReelShort 2025-06-03T08:42:01Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Mini-drama apps have grabbed Hollywood's attention as they've gained popularity in the US. The apps offer bite-sized, mobile-friendly episodes that people are paying to watch. They could be a low-cost alternative to traditional shows for Hollywood giants. Mini-drama apps made popular in Asia are surging in the US — and Hollywood is taking notice.These apps are best known for their soapy melodramas featuring princes, werewolves, and more, which are presented in bite-sized vertical episodes and meant for mobile phones. China-backed ReelShort is the most prominent purveyor of these, with typical titles like "The Double Life of My Billionaire Husband." Another top player is DramaBox.Hollywood has been trying to figure out how it can capitalize on the mini-drama craze, and studios like Lionsgate have been evaluating opportunities in the space."I get an overwhelming number of questions about this topic every week," said David Freeman, head of digital media at CAA. "Talent is actively exploring the space, creators are drawn to it due to the low cost of content production, and major companies are evaluating their strategic approach."Freeman said some key questions were which categories work well and whether the format could be expanded to the unscripted realm."In time, I anticipate that Netflix will find a way to successfully integrate vertical video and potentially make it part of their strategy to engage Gen Z audiences," he continued.As TV and streaming giants spend more money on sports at the expense of traditional TV and film, producers, studios, and other players are casting around for other entertainment markets and ways to serve audiences on the cheap.Social-media stars have already been getting a second look from Hollywood. And now, so are mini-dramas. Industry players said they'd taken note of the marketing on TikTok that the mini-drama apps are throwing behind their stars.App tracker Appfigures counts 215 short drama apps in the US and estimated US spending on them more than doubled in the past 12 months, to more than million a month in gross revenue. Still from "Breaking the Ice" on ReelShort. ReelShort Hollywood is curious about mini-dramasAgents and others told Business Insider that while Hollywood is buzzing about mini-dramas, companies are generally still in the initial stages of exploring the format. One traditional player that's making concrete moves in the space is TelevisaUnivision. It's planning to debut 40 telenovela-style minidramas on ViX, its streaming platform, and intends to expand to other genres like docs and comedy.Others are at least mini-drama curious. Lionsgate, for one, has been in the early stages of exploring the format, a person familiar with the studio's plans said. Hallmark is another studio that's discussed the format internally, a person familiar with the company's thinking said.Select Management Group, an influencer talent management firm, is looking for mini-drama actors to sign, primarily those prominent on ReelShort.Select's Scott Fisher said verticals have "become another place you find talent," much like YouTube birthed digital stars like MrBeast and Emma Chamberlain.People have questionsDespite Hollywood's interest, it's unclear how these vertical dramas could fit into the traditional film and TV system, which emphasizes high production values and guild-protected talent.And people in Hollywood told BI they had plenty of questions.Here are a few:These mini-dramas often fall below the budget threshold that would trigger certain rules from the Hollywood guilds. But how can legacy companies take advantage of these productions' low costs without alienating the guilds and their members?Soapy melodramas are the most popular form of vertical series, but are they extendable to other genres such as reality TV, docs, and true crime? A+E Global Networks is taking the unscripted route, launching a slate of original series for mobile around its History brand in an effort to reach young viewers.Can they make real money? The appeal is that they're cheap to make, but how big of a business can they be? And what's the right mix of revenue between ads and viewer payments? ReelShort parent Crazy Maple Studio's founder Joey Jia said last year that viewers typically paid to a week.How should they distribute them? TelevisaUnivision has its own platforms to post such shows. But production companies that don't have their own distribution arms could use the likes of TikTok or YouTube and share the revenue with the platform.Are these dramas too far out of Hollywood's comfort zone for it to get right? Hollywood insiders remember how Quibi, Jeffrey Katzenberg's idea to make quick-bite shows, went down in ignominy. The big difference is that Quibi's episodes were more highly produced than today's vertical dramas and didn't employ a "freemium," pay-as-you-go model.'It's just a matter of time' Paramount's "Mean Girls" experiment on TikTok bore some resemblance to mini-dramas. Paramount Pictures Some media insiders think it's inevitable that big streamers and studios will at least test the format's potential.They've already shown some willingness to play with different formats and distribution platforms. For example, Paramount put "Mean Girls" on TikTok in 23 segments lasting one to 10 minutes. And YouTube and Amazon's Prime Video could make sense as distributors because they're already set up as platforms that allow people to rent or buy individual movies or shows."There's just a question of how far are they going to stray from doing what they normally do," Fisher said of the Hollywood players.Industry analyst Evan Shapiro sees mini, vertical-shot dramas as "toilet television," something made for watching on mobile phones and fitting the scrolling mentality. He added that he believes the format is a natural way for companies to incubate shows for TV."It's just a matter of time before you see a drama from one of these players and a fast follow into other formats," Shapiro said. "The big question is, how do we monetize that. But if it takes off, it converts to a premium, wide-screen format for TV."Geoff Weiss contributed reporting. #hollywood039s #new #obsession #twist #classic
    WWW.BUSINESSINSIDER.COM
    Hollywood's new obsession is a twist on the classic soap opera
    Attendees at a screening for ReelShort's "Wings Of Fire." Tiffany Rose/Getty Images for ReelShort 2025-06-03T08:42:01Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Mini-drama apps have grabbed Hollywood's attention as they've gained popularity in the US. The apps offer bite-sized, mobile-friendly episodes that people are paying to watch. They could be a low-cost alternative to traditional shows for Hollywood giants. Mini-drama apps made popular in Asia are surging in the US — and Hollywood is taking notice.These apps are best known for their soapy melodramas featuring princes, werewolves, and more, which are presented in bite-sized vertical episodes and meant for mobile phones. China-backed ReelShort is the most prominent purveyor of these, with typical titles like "The Double Life of My Billionaire Husband." Another top player is DramaBox.Hollywood has been trying to figure out how it can capitalize on the mini-drama craze, and studios like Lionsgate have been evaluating opportunities in the space."I get an overwhelming number of questions about this topic every week," said David Freeman, head of digital media at CAA. "Talent is actively exploring the space, creators are drawn to it due to the low cost of content production, and major companies are evaluating their strategic approach."Freeman said some key questions were which categories work well and whether the format could be expanded to the unscripted realm."In time, I anticipate that Netflix will find a way to successfully integrate vertical video and potentially make it part of their strategy to engage Gen Z audiences," he continued.As TV and streaming giants spend more money on sports at the expense of traditional TV and film, producers, studios, and other players are casting around for other entertainment markets and ways to serve audiences on the cheap.Social-media stars have already been getting a second look from Hollywood. And now, so are mini-dramas. Industry players said they'd taken note of the marketing on TikTok that the mini-drama apps are throwing behind their stars.App tracker Appfigures counts 215 short drama apps in the US and estimated US spending on them more than doubled in the past 12 months, to more than $100 million a month in gross revenue. Still from "Breaking the Ice" on ReelShort. ReelShort Hollywood is curious about mini-dramasAgents and others told Business Insider that while Hollywood is buzzing about mini-dramas, companies are generally still in the initial stages of exploring the format. One traditional player that's making concrete moves in the space is TelevisaUnivision. It's planning to debut 40 telenovela-style minidramas on ViX, its streaming platform, and intends to expand to other genres like docs and comedy.Others are at least mini-drama curious. Lionsgate, for one, has been in the early stages of exploring the format, a person familiar with the studio's plans said. Hallmark is another studio that's discussed the format internally, a person familiar with the company's thinking said.Select Management Group, an influencer talent management firm, is looking for mini-drama actors to sign, primarily those prominent on ReelShort.Select's Scott Fisher said verticals have "become another place you find talent," much like YouTube birthed digital stars like MrBeast and Emma Chamberlain.People have questionsDespite Hollywood's interest, it's unclear how these vertical dramas could fit into the traditional film and TV system, which emphasizes high production values and guild-protected talent.And people in Hollywood told BI they had plenty of questions.Here are a few:These mini-dramas often fall below the budget threshold that would trigger certain rules from the Hollywood guilds. But how can legacy companies take advantage of these productions' low costs without alienating the guilds and their members?Soapy melodramas are the most popular form of vertical series, but are they extendable to other genres such as reality TV, docs, and true crime? A+E Global Networks is taking the unscripted route, launching a slate of original series for mobile around its History brand in an effort to reach young viewers.Can they make real money? The appeal is that they're cheap to make, but how big of a business can they be? And what's the right mix of revenue between ads and viewer payments? ReelShort parent Crazy Maple Studio's founder Joey Jia said last year that viewers typically paid $5 to $10 a week.How should they distribute them? TelevisaUnivision has its own platforms to post such shows. But production companies that don't have their own distribution arms could use the likes of TikTok or YouTube and share the revenue with the platform.Are these dramas too far out of Hollywood's comfort zone for it to get right? Hollywood insiders remember how Quibi, Jeffrey Katzenberg's idea to make quick-bite shows, went down in ignominy. The big difference is that Quibi's episodes were more highly produced than today's vertical dramas and didn't employ a "freemium," pay-as-you-go model.'It's just a matter of time' Paramount's "Mean Girls" experiment on TikTok bore some resemblance to mini-dramas. Paramount Pictures Some media insiders think it's inevitable that big streamers and studios will at least test the format's potential.They've already shown some willingness to play with different formats and distribution platforms. For example, Paramount put "Mean Girls" on TikTok in 23 segments lasting one to 10 minutes. And YouTube and Amazon's Prime Video could make sense as distributors because they're already set up as platforms that allow people to rent or buy individual movies or shows."There's just a question of how far are they going to stray from doing what they normally do," Fisher said of the Hollywood players.Industry analyst Evan Shapiro sees mini, vertical-shot dramas as "toilet television," something made for watching on mobile phones and fitting the scrolling mentality. He added that he believes the format is a natural way for companies to incubate shows for TV."It's just a matter of time before you see a drama from one of these players and a fast follow into other formats," Shapiro said. "The big question is, how do we monetize that. But if it takes off, it converts to a premium, wide-screen format for TV."Geoff Weiss contributed reporting.
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  • 4 top partners quit Paul Weiss, Big Law firm that cut deal with Trump

    Attorneys Karen Dunnand Jeannie Rhee, along with their fellow partners, Bill Isaacson and Jessica Phillips, have resigned from Paul Weiss to start their own firm.

    Kevin Lamarque/REUTERS

    2025-05-24T01:27:10Z

    d

    Read in app

    This story is available exclusively to Business Insider
    subscribers. Become an Insider
    and start reading now.
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    Four top Paul Weiss partners announced Friday that they've resigned to start their own firm.
    Paul Weiss is one of the firms that made a deal with Trump to reverse an EO against the firm.
    The Big Law firms that have negotiated with Trump have faced criticism from others in the profession.

    Four partners at Paul Weiss announced Friday that they are leaving the white-shoe firm, which two months ago struck a deal with the Trump administration.Karen Dunn, a star litigator who has helped Democratic candidates prepare for presidential debates, her longtime partners Bill Isaacson and Jessica Phillips, and the former prosecutor Jeannie Rhee said in an email addressed to "partners and friends" that they are starting their own firm.The high-profile departures underscore the ongoing turmoil at Big Law firms surrounding the firms' handling of punitive executive actions from President Donald Trump's administration. The departing lawyers did not give a reason for leaving in their statement.Several major firms — including Perkins Coie and Jenner & Block — chose to challenge the legality of the orders in court, and have so far been successful after two judges declared two different orders unconstitutional. Other firms, including Paul Weiss, chose to make deals with the administration, prompting concern among associates and partners over their willingness to cooperate rather than fight.The new firm's name isn't clear. Since April, several domain names containing Dunn's name and those of other lawyers have been registered anonymously. None of the websites contains any details, and it's not clear who registered them.The lawyers have represented prominent clients like Google, Amazon, and Apple over the years. Isaacson is one of the country's top antitrust litigators. Antitrust issues have been a focus for both former President Joe Biden and Trump, who have criticized the power of large tech companies. Rhee managed the firm's Washington, DC, office, and Dunn co-chaired its litigation department."It has been an honor to work alongside such talented lawyers and to call so many of you our friends," their departing email said. "We hope to continue to collaborate with all of you in the years to come and are incredibly grateful for your warm and generous partnership."Paul Weiss's chair, Brad Karp, said in a statement, "We are grateful to Bill, Jeannie, Jessica, and Karen for their many contributions to the firm. We wish them well in their future endeavors."The departures come several months after the Trump administration began targeting Big Law firms with punitive executive actions. Among them was Paul Weiss, which faced an executive order that revoked the security clearances of the firm's attorneys and ordered a review of its government contracts.On March 20, Trump announced on Truth Social that he would drop the executive order against Paul Weiss after negotiating a deal that would require the firm to end any diversity, equity, and inclusion initiatives in its hiring practices and contribute million of pro bono legal services to causes aligned with the administration's priorities, such as veterans affairs issues and the administration's antisemitism task force.Business Insider previously reported that the copy of the deal shared internally among Paul Weiss partners omitted language regarding DEI that was present in the president's announcement.Other firms that chose to negotiate with Trump also saw high-profile departures from partners and associates concerned with their firms' decisions not to challenge the administration.Wilkie Farr lost its longest-serving lawyer in April after Joseph Baio, a partner who'd worked there for 47 years, resigned over the firm's preemptive deal with Trump, The New York Times reported.Another firm, Skadden, Arps, Slate, Meagher & Flom, made a preemptive deal with the Trump administration in late March to avoid a similar executive order against it. The decision led to a series of public resignations from several Skadden associates, including Rachel Cohen and Brenna Frey.Cohen told Business Insider she had not been in touch with the attorneys who had resigned from Paul Weiss on Friday.
    #top #partners #quit #paul #weiss
    4 top partners quit Paul Weiss, Big Law firm that cut deal with Trump
    Attorneys Karen Dunnand Jeannie Rhee, along with their fellow partners, Bill Isaacson and Jessica Phillips, have resigned from Paul Weiss to start their own firm. Kevin Lamarque/REUTERS 2025-05-24T01:27:10Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Four top Paul Weiss partners announced Friday that they've resigned to start their own firm. Paul Weiss is one of the firms that made a deal with Trump to reverse an EO against the firm. The Big Law firms that have negotiated with Trump have faced criticism from others in the profession. Four partners at Paul Weiss announced Friday that they are leaving the white-shoe firm, which two months ago struck a deal with the Trump administration.Karen Dunn, a star litigator who has helped Democratic candidates prepare for presidential debates, her longtime partners Bill Isaacson and Jessica Phillips, and the former prosecutor Jeannie Rhee said in an email addressed to "partners and friends" that they are starting their own firm.The high-profile departures underscore the ongoing turmoil at Big Law firms surrounding the firms' handling of punitive executive actions from President Donald Trump's administration. The departing lawyers did not give a reason for leaving in their statement.Several major firms — including Perkins Coie and Jenner & Block — chose to challenge the legality of the orders in court, and have so far been successful after two judges declared two different orders unconstitutional. Other firms, including Paul Weiss, chose to make deals with the administration, prompting concern among associates and partners over their willingness to cooperate rather than fight.The new firm's name isn't clear. Since April, several domain names containing Dunn's name and those of other lawyers have been registered anonymously. None of the websites contains any details, and it's not clear who registered them.The lawyers have represented prominent clients like Google, Amazon, and Apple over the years. Isaacson is one of the country's top antitrust litigators. Antitrust issues have been a focus for both former President Joe Biden and Trump, who have criticized the power of large tech companies. Rhee managed the firm's Washington, DC, office, and Dunn co-chaired its litigation department."It has been an honor to work alongside such talented lawyers and to call so many of you our friends," their departing email said. "We hope to continue to collaborate with all of you in the years to come and are incredibly grateful for your warm and generous partnership."Paul Weiss's chair, Brad Karp, said in a statement, "We are grateful to Bill, Jeannie, Jessica, and Karen for their many contributions to the firm. We wish them well in their future endeavors."The departures come several months after the Trump administration began targeting Big Law firms with punitive executive actions. Among them was Paul Weiss, which faced an executive order that revoked the security clearances of the firm's attorneys and ordered a review of its government contracts.On March 20, Trump announced on Truth Social that he would drop the executive order against Paul Weiss after negotiating a deal that would require the firm to end any diversity, equity, and inclusion initiatives in its hiring practices and contribute million of pro bono legal services to causes aligned with the administration's priorities, such as veterans affairs issues and the administration's antisemitism task force.Business Insider previously reported that the copy of the deal shared internally among Paul Weiss partners omitted language regarding DEI that was present in the president's announcement.Other firms that chose to negotiate with Trump also saw high-profile departures from partners and associates concerned with their firms' decisions not to challenge the administration.Wilkie Farr lost its longest-serving lawyer in April after Joseph Baio, a partner who'd worked there for 47 years, resigned over the firm's preemptive deal with Trump, The New York Times reported.Another firm, Skadden, Arps, Slate, Meagher & Flom, made a preemptive deal with the Trump administration in late March to avoid a similar executive order against it. The decision led to a series of public resignations from several Skadden associates, including Rachel Cohen and Brenna Frey.Cohen told Business Insider she had not been in touch with the attorneys who had resigned from Paul Weiss on Friday. #top #partners #quit #paul #weiss
    WWW.BUSINESSINSIDER.COM
    4 top partners quit Paul Weiss, Big Law firm that cut deal with Trump
    Attorneys Karen Dunn (left) and Jeannie Rhee (right), along with their fellow partners, Bill Isaacson and Jessica Phillips, have resigned from Paul Weiss to start their own firm. Kevin Lamarque/REUTERS 2025-05-24T01:27:10Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Four top Paul Weiss partners announced Friday that they've resigned to start their own firm. Paul Weiss is one of the firms that made a deal with Trump to reverse an EO against the firm. The Big Law firms that have negotiated with Trump have faced criticism from others in the profession. Four partners at Paul Weiss announced Friday that they are leaving the white-shoe firm, which two months ago struck a deal with the Trump administration.Karen Dunn, a star litigator who has helped Democratic candidates prepare for presidential debates, her longtime partners Bill Isaacson and Jessica Phillips, and the former prosecutor Jeannie Rhee said in an email addressed to "partners and friends" that they are starting their own firm.The high-profile departures underscore the ongoing turmoil at Big Law firms surrounding the firms' handling of punitive executive actions from President Donald Trump's administration. The departing lawyers did not give a reason for leaving in their statement.Several major firms — including Perkins Coie and Jenner & Block — chose to challenge the legality of the orders in court, and have so far been successful after two judges declared two different orders unconstitutional. Other firms, including Paul Weiss, chose to make deals with the administration, prompting concern among associates and partners over their willingness to cooperate rather than fight.The new firm's name isn't clear. Since April, several domain names containing Dunn's name and those of other lawyers have been registered anonymously. None of the websites contains any details, and it's not clear who registered them.The lawyers have represented prominent clients like Google, Amazon, and Apple over the years. Isaacson is one of the country's top antitrust litigators. Antitrust issues have been a focus for both former President Joe Biden and Trump, who have criticized the power of large tech companies. Rhee managed the firm's Washington, DC, office, and Dunn co-chaired its litigation department."It has been an honor to work alongside such talented lawyers and to call so many of you our friends," their departing email said. "We hope to continue to collaborate with all of you in the years to come and are incredibly grateful for your warm and generous partnership."Paul Weiss's chair, Brad Karp, said in a statement, "We are grateful to Bill, Jeannie, Jessica, and Karen for their many contributions to the firm. We wish them well in their future endeavors."The departures come several months after the Trump administration began targeting Big Law firms with punitive executive actions. Among them was Paul Weiss, which faced an executive order that revoked the security clearances of the firm's attorneys and ordered a review of its government contracts.On March 20, Trump announced on Truth Social that he would drop the executive order against Paul Weiss after negotiating a deal that would require the firm to end any diversity, equity, and inclusion initiatives in its hiring practices and contribute $40 million of pro bono legal services to causes aligned with the administration's priorities, such as veterans affairs issues and the administration's antisemitism task force.Business Insider previously reported that the copy of the deal shared internally among Paul Weiss partners omitted language regarding DEI that was present in the president's announcement.Other firms that chose to negotiate with Trump also saw high-profile departures from partners and associates concerned with their firms' decisions not to challenge the administration.Wilkie Farr lost its longest-serving lawyer in April after Joseph Baio, a partner who'd worked there for 47 years, resigned over the firm's preemptive deal with Trump, The New York Times reported.Another firm, Skadden, Arps, Slate, Meagher & Flom, made a preemptive deal with the Trump administration in late March to avoid a similar executive order against it. The decision led to a series of public resignations from several Skadden associates, including Rachel Cohen and Brenna Frey.Cohen told Business Insider she had not been in touch with the attorneys who had resigned from Paul Weiss on Friday.
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  • Have we finally solved mystery of magnetic moon rocks?

    i ate a rock from the moon

    Have we finally solved mystery of magnetic moon rocks?

    Simulations show how effects of asteroid impact could amplify the early Moon's weak magnetic field.

    Jennifer Ouellette



    May 23, 2025 2:36 pm

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    5

    NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center

    Credit:

    OptoMechEngineer/CC BY-SA 4.0

    NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center

    Credit:

    OptoMechEngineer/CC BY-SA 4.0

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    NASA's Apollo missions brought back moon rock samples for scientists to study. We've learned a great deal over the ensuing decades, but one enduring mystery remains. Many of those lunar samples show signs of exposure to strong magnetic fields comparable to Earth's, yet the Moon doesn't have such a field today. So, how did the moon rocks get their magnetism?
    There have been many attempts to explain this anomaly. The latest comes from MIT scientists, who argue in a new paper published in the journal Science Advances that a large asteroid impact briefly boosted the Moon's early weak magnetic field—and that this spike is what is recorded in some lunar samples.
    Evidence gleaned from orbiting spacecraft observations, as well as results announced earlier this year from China's Chang'e 5 and Chang'e 6 missions, is largely consistent with the existence of at least a weak magnetic field on the early Moon. But where did this field come from? These usually form in planetary bodies as a result of a dynamo, in which molten metals in the core start to convect thanks to slowly dissipating heat. The problem is that the early Moon's small core had a mantle that wasn't much cooler than its core, so there would not have been significant convection to produce a sufficiently strong dynamo.
    There have been proposed hypotheses as to how the Moon could have developed a core dynamo. For instance, a 2022 analysis suggested that in the first billion years, when the Moon was covered in molten rock, giant rocks formed as the magma cooled and solidified. Denser minerals sank to the core while lighter ones formed a crust.
    Over time, the authors argued, a titanium layer crystallized just beneath the surface, and because it was denser than lighter minerals just beneath, that layer eventually broke into small blobs and sank through the mantle. The temperature difference between the cooler sinking rocks and the hotter core generated convection, creating intermittently strong magnetic fields—thus explaining why some rocks have that magnetic signature and others don't.
    Or perhaps there is no need for the presence of a dynamo-driven magnetic field at all. For instance, the authors of a 2021 study thought earlier analyses of lunar samples may have been altered during the process. They re-examined samples from the 1972 Apollo 16 mission using CO2 lasers to heat them, thus avoiding any alteration of the magnetic carriers. They concluded that any magnetic signatures in those samples could be explained by the impact of meteorites or comets hitting the Moon.

    Bracing for impact
    In 2020, two of the current paper's authors, MIT's Benjamin Weiss and Rona Oran, ran simulations to test whether a giant impact could generate a plasma that, in turn, would amplify the Moon's existing weak solar-generated magnetic field sufficiently to account for the levels of magnetism measured in the moon rocks. Those results seemed to rule out the possibility. This time around, they have come up with a new hypothesis that essentially combines elements of the dynamo and the plasma-generating impact hypotheses—taking into account an impact's resulting shockwave for good measure.

    Amplification of the lunar dynamo field by an Imbrium-­sized impact at the magnetic equator.

    Credit:

    Isaac S. Narrett et al., 2025

    They tested their hypothesis by running impact simulations, focusing on the level of impact that created the Moon's Imbrium basin, as well as plasma cloud simulations. Their starting assumption was that the early Moon had a dynamo that generated a weak magnetic field 50 times weaker than Earth's. The results confirmed that a large asteroid impact, for example, could have kicked up a plasma cloud, part of which spread outward into space. The remaining plasma streamed around to the other side of the Moon, amplifying the existing weak magnetic field for around 40 minutes.
    A key factor is the shock wave created by the initial impact, similar to seismic waves, which would have rattled surrounding rocks enough to reorient their subatomic spins in line with the newly amplified magnetic field. Weiss has likened the effect to tossing a deck of 52 playing cards into the air within a magnetic field. If each card had its own compass needle, its magnetism would be in a new orientation once each card hit the ground.
    It's a complicated scenario that admittedly calls for a degree of serendipity. But we might not have to wait too long for confirmation one way or the other. The answer could lie in analyzing fresh lunar samples and looking for telltale signatures not just of high magnetism but also shock.Scientists are looking to NASA's planned Artemis crewed missions for this, since sample returns are among the objectives. Much will depend on NASA's future funding, which is currently facing substantial cuts, although thus far, Artemis II and III remain on track.
    Science Advances, 2025. DOI: 10.1126/sciadv.adr7401  .

    Jennifer Ouellette
    Senior Writer

    Jennifer Ouellette
    Senior Writer

    Jennifer is a senior writer at Ars Technica with a particular focus on where science meets culture, covering everything from physics and related interdisciplinary topics to her favorite films and TV series. Jennifer lives in Baltimore with her spouse, physicist Sean M. Carroll, and their two cats, Ariel and Caliban.

    5 Comments
    #have #finally #solved #mystery #magnetic
    Have we finally solved mystery of magnetic moon rocks?
    i ate a rock from the moon Have we finally solved mystery of magnetic moon rocks? Simulations show how effects of asteroid impact could amplify the early Moon's weak magnetic field. Jennifer Ouellette – May 23, 2025 2:36 pm | 5 NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center Credit: OptoMechEngineer/CC BY-SA 4.0 NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center Credit: OptoMechEngineer/CC BY-SA 4.0 Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only   Learn more NASA's Apollo missions brought back moon rock samples for scientists to study. We've learned a great deal over the ensuing decades, but one enduring mystery remains. Many of those lunar samples show signs of exposure to strong magnetic fields comparable to Earth's, yet the Moon doesn't have such a field today. So, how did the moon rocks get their magnetism? There have been many attempts to explain this anomaly. The latest comes from MIT scientists, who argue in a new paper published in the journal Science Advances that a large asteroid impact briefly boosted the Moon's early weak magnetic field—and that this spike is what is recorded in some lunar samples. Evidence gleaned from orbiting spacecraft observations, as well as results announced earlier this year from China's Chang'e 5 and Chang'e 6 missions, is largely consistent with the existence of at least a weak magnetic field on the early Moon. But where did this field come from? These usually form in planetary bodies as a result of a dynamo, in which molten metals in the core start to convect thanks to slowly dissipating heat. The problem is that the early Moon's small core had a mantle that wasn't much cooler than its core, so there would not have been significant convection to produce a sufficiently strong dynamo. There have been proposed hypotheses as to how the Moon could have developed a core dynamo. For instance, a 2022 analysis suggested that in the first billion years, when the Moon was covered in molten rock, giant rocks formed as the magma cooled and solidified. Denser minerals sank to the core while lighter ones formed a crust. Over time, the authors argued, a titanium layer crystallized just beneath the surface, and because it was denser than lighter minerals just beneath, that layer eventually broke into small blobs and sank through the mantle. The temperature difference between the cooler sinking rocks and the hotter core generated convection, creating intermittently strong magnetic fields—thus explaining why some rocks have that magnetic signature and others don't. Or perhaps there is no need for the presence of a dynamo-driven magnetic field at all. For instance, the authors of a 2021 study thought earlier analyses of lunar samples may have been altered during the process. They re-examined samples from the 1972 Apollo 16 mission using CO2 lasers to heat them, thus avoiding any alteration of the magnetic carriers. They concluded that any magnetic signatures in those samples could be explained by the impact of meteorites or comets hitting the Moon. Bracing for impact In 2020, two of the current paper's authors, MIT's Benjamin Weiss and Rona Oran, ran simulations to test whether a giant impact could generate a plasma that, in turn, would amplify the Moon's existing weak solar-generated magnetic field sufficiently to account for the levels of magnetism measured in the moon rocks. Those results seemed to rule out the possibility. This time around, they have come up with a new hypothesis that essentially combines elements of the dynamo and the plasma-generating impact hypotheses—taking into account an impact's resulting shockwave for good measure. Amplification of the lunar dynamo field by an Imbrium-­sized impact at the magnetic equator. Credit: Isaac S. Narrett et al., 2025 They tested their hypothesis by running impact simulations, focusing on the level of impact that created the Moon's Imbrium basin, as well as plasma cloud simulations. Their starting assumption was that the early Moon had a dynamo that generated a weak magnetic field 50 times weaker than Earth's. The results confirmed that a large asteroid impact, for example, could have kicked up a plasma cloud, part of which spread outward into space. The remaining plasma streamed around to the other side of the Moon, amplifying the existing weak magnetic field for around 40 minutes. A key factor is the shock wave created by the initial impact, similar to seismic waves, which would have rattled surrounding rocks enough to reorient their subatomic spins in line with the newly amplified magnetic field. Weiss has likened the effect to tossing a deck of 52 playing cards into the air within a magnetic field. If each card had its own compass needle, its magnetism would be in a new orientation once each card hit the ground. It's a complicated scenario that admittedly calls for a degree of serendipity. But we might not have to wait too long for confirmation one way or the other. The answer could lie in analyzing fresh lunar samples and looking for telltale signatures not just of high magnetism but also shock.Scientists are looking to NASA's planned Artemis crewed missions for this, since sample returns are among the objectives. Much will depend on NASA's future funding, which is currently facing substantial cuts, although thus far, Artemis II and III remain on track. Science Advances, 2025. DOI: 10.1126/sciadv.adr7401  . Jennifer Ouellette Senior Writer Jennifer Ouellette Senior Writer Jennifer is a senior writer at Ars Technica with a particular focus on where science meets culture, covering everything from physics and related interdisciplinary topics to her favorite films and TV series. Jennifer lives in Baltimore with her spouse, physicist Sean M. Carroll, and their two cats, Ariel and Caliban. 5 Comments #have #finally #solved #mystery #magnetic
    ARSTECHNICA.COM
    Have we finally solved mystery of magnetic moon rocks?
    i ate a rock from the moon Have we finally solved mystery of magnetic moon rocks? Simulations show how effects of asteroid impact could amplify the early Moon's weak magnetic field. Jennifer Ouellette – May 23, 2025 2:36 pm | 5 NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center Credit: OptoMechEngineer/CC BY-SA 4.0 NASA Lunar sample 60015 on display at Space Center Houston Lunar Samples Vault, at NASA's Johnson Space Center Credit: OptoMechEngineer/CC BY-SA 4.0 Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only   Learn more NASA's Apollo missions brought back moon rock samples for scientists to study. We've learned a great deal over the ensuing decades, but one enduring mystery remains. Many of those lunar samples show signs of exposure to strong magnetic fields comparable to Earth's, yet the Moon doesn't have such a field today. So, how did the moon rocks get their magnetism? There have been many attempts to explain this anomaly. The latest comes from MIT scientists, who argue in a new paper published in the journal Science Advances that a large asteroid impact briefly boosted the Moon's early weak magnetic field—and that this spike is what is recorded in some lunar samples. Evidence gleaned from orbiting spacecraft observations, as well as results announced earlier this year from China's Chang'e 5 and Chang'e 6 missions, is largely consistent with the existence of at least a weak magnetic field on the early Moon. But where did this field come from? These usually form in planetary bodies as a result of a dynamo, in which molten metals in the core start to convect thanks to slowly dissipating heat. The problem is that the early Moon's small core had a mantle that wasn't much cooler than its core, so there would not have been significant convection to produce a sufficiently strong dynamo. There have been proposed hypotheses as to how the Moon could have developed a core dynamo. For instance, a 2022 analysis suggested that in the first billion years, when the Moon was covered in molten rock, giant rocks formed as the magma cooled and solidified. Denser minerals sank to the core while lighter ones formed a crust. Over time, the authors argued, a titanium layer crystallized just beneath the surface, and because it was denser than lighter minerals just beneath, that layer eventually broke into small blobs and sank through the mantle (gravitational overturn). The temperature difference between the cooler sinking rocks and the hotter core generated convection, creating intermittently strong magnetic fields—thus explaining why some rocks have that magnetic signature and others don't. Or perhaps there is no need for the presence of a dynamo-driven magnetic field at all. For instance, the authors of a 2021 study thought earlier analyses of lunar samples may have been altered during the process. They re-examined samples from the 1972 Apollo 16 mission using CO2 lasers to heat them, thus avoiding any alteration of the magnetic carriers. They concluded that any magnetic signatures in those samples could be explained by the impact of meteorites or comets hitting the Moon. Bracing for impact In 2020, two of the current paper's authors, MIT's Benjamin Weiss and Rona Oran, ran simulations to test whether a giant impact could generate a plasma that, in turn, would amplify the Moon's existing weak solar-generated magnetic field sufficiently to account for the levels of magnetism measured in the moon rocks. Those results seemed to rule out the possibility. This time around, they have come up with a new hypothesis that essentially combines elements of the dynamo and the plasma-generating impact hypotheses—taking into account an impact's resulting shockwave for good measure. Amplification of the lunar dynamo field by an Imbrium-­sized impact at the magnetic equator. Credit: Isaac S. Narrett et al., 2025 They tested their hypothesis by running impact simulations, focusing on the level of impact that created the Moon's Imbrium basin, as well as plasma cloud simulations. Their starting assumption was that the early Moon had a dynamo that generated a weak magnetic field 50 times weaker than Earth's. The results confirmed that a large asteroid impact, for example, could have kicked up a plasma cloud, part of which spread outward into space. The remaining plasma streamed around to the other side of the Moon, amplifying the existing weak magnetic field for around 40 minutes. A key factor is the shock wave created by the initial impact, similar to seismic waves, which would have rattled surrounding rocks enough to reorient their subatomic spins in line with the newly amplified magnetic field. Weiss has likened the effect to tossing a deck of 52 playing cards into the air within a magnetic field. If each card had its own compass needle, its magnetism would be in a new orientation once each card hit the ground. It's a complicated scenario that admittedly calls for a degree of serendipity. But we might not have to wait too long for confirmation one way or the other. The answer could lie in analyzing fresh lunar samples and looking for telltale signatures not just of high magnetism but also shock. (Early lunar samples were often discarded if they showed signs of shock.) Scientists are looking to NASA's planned Artemis crewed missions for this, since sample returns are among the objectives. Much will depend on NASA's future funding, which is currently facing substantial cuts, although thus far, Artemis II and III remain on track. Science Advances, 2025. DOI: 10.1126/sciadv.adr7401  (About DOIs). Jennifer Ouellette Senior Writer Jennifer Ouellette Senior Writer Jennifer is a senior writer at Ars Technica with a particular focus on where science meets culture, covering everything from physics and related interdisciplinary topics to her favorite films and TV series. Jennifer lives in Baltimore with her spouse, physicist Sean M. Carroll, and their two cats, Ariel and Caliban. 5 Comments
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  • Executive order against Jenner & Block ruled unconstitutional

    A judge on Friday struck down Donald Trump's executive order against the Big Law firm Jenner & Block, ruling the order unconstitutional.

    Evelyn Hockstein/REUTERS

    2025-05-23T22:08:46Z

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    The executive order targeting Big Law firm Jenner & Block was ruled unconstitutional on Friday.
    In his ruling, District Judge John Bates said the EO retaliated against the firm for protected speech.
    This is the second executive order targeting a Big Law firm that has been struck down.

    Another of President Donald Trump's executive orders targeting a Big Law firm has been struck down after a US District Judge on Friday said the action against Jenner & Block was unconstitutional.The entire order, which revoked the security clearances of the firm's attorneys and required a review of its government contracts, was invalidated by the judge's ruling, representing a major win for Jenner & Block."The order raises constitutional eyebrows many times over. It punishes and seeks to silence speech 'at the very center of the First Amendment,'" US District Judge John Bates, of the District Court of DC wrote in his ruling, adding that Trump's order did so "via the most 'egregious form of content discrimination — viewpoint discrimination,'" and "in an unacceptable attempt to 'insulate the Government's laws from judicial inquiry.'"A spokesperson for Jenner & Block directed Business Insider to their public statement following the ruling, which said that the firm is "pleased with the court's decision to decisively strike down an unconstitutional attack on our clients' right to have zealous, independent counsel and our firm's right to represent our clients fully and without compromise.""Our decision to fight the executive order in court is rooted in Jenner & Block's history and values: we fiercely advocate for our clients under all circumstances," the firm's statement continued. "This ruling demonstrates the importance of lawyers standing firm on behalf of clients and for the law. That is what Jenner will continue to do for our clients — paying and pro bono — as we look to put this matter behind us."Representatives for the White House did not immediately respond to a request for comment from Business Insider.The decision from US District Judge John Bates, an appointee of former President George W. Bush, is the second order striking down an executive order from Trump targeting a law firm.Earlier this month, another judge blocked an order targeting Perkins Coie, ruling that Trump's use of federal power "an overt attempt to suppress and punish certain viewpoints."Judges have also temporarily paused executive orders targeting the law firms Susman Godfrey and Wilmer Hale, pending decisions on whether to permanently block them.At an April hearing for Jenner & Block's case, Bates snapped at the Justice Department lawyer, Richard Lawson, who argued Trump's executive order should stand."Give me a break," Bates said, as Lawson argued federal agencies should follow Trump's command because Jenner & Block engaged in "racial discrimination."In the now-blocked executive order, Trump specifically singled out attorney Andrew Weissmann, a Jenner employee who served as a lead prosecutor in Robert Mueller's special counsel's office, which investigated Trump's ties to Russia in 2016. The order described Weissmann's career as "rooted in weaponized government and abuse of power."Judge Bates's ruling described Trump's order and the subsequent legal battle over its legality as "no run-of-the-mill retaliation case," adding that the president "has displayed a great deal of animosity toward Jenner." "Further adverse actions would not be shocking — and could very well offend the Constitution as plainly as Executive Order 14246 does," Bates wrote. "But Article III requires this Court to place its faith in future courts to prevent harm from befalling Jenner if and when that occurs."
    #executive #order #against #jenner #ampamp
    Executive order against Jenner & Block ruled unconstitutional
    A judge on Friday struck down Donald Trump's executive order against the Big Law firm Jenner & Block, ruling the order unconstitutional. Evelyn Hockstein/REUTERS 2025-05-23T22:08:46Z d Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? The executive order targeting Big Law firm Jenner & Block was ruled unconstitutional on Friday. In his ruling, District Judge John Bates said the EO retaliated against the firm for protected speech. This is the second executive order targeting a Big Law firm that has been struck down. Another of President Donald Trump's executive orders targeting a Big Law firm has been struck down after a US District Judge on Friday said the action against Jenner & Block was unconstitutional.The entire order, which revoked the security clearances of the firm's attorneys and required a review of its government contracts, was invalidated by the judge's ruling, representing a major win for Jenner & Block."The order raises constitutional eyebrows many times over. It punishes and seeks to silence speech 'at the very center of the First Amendment,'" US District Judge John Bates, of the District Court of DC wrote in his ruling, adding that Trump's order did so "via the most 'egregious form of content discrimination — viewpoint discrimination,'" and "in an unacceptable attempt to 'insulate the Government's laws from judicial inquiry.'"A spokesperson for Jenner & Block directed Business Insider to their public statement following the ruling, which said that the firm is "pleased with the court's decision to decisively strike down an unconstitutional attack on our clients' right to have zealous, independent counsel and our firm's right to represent our clients fully and without compromise.""Our decision to fight the executive order in court is rooted in Jenner & Block's history and values: we fiercely advocate for our clients under all circumstances," the firm's statement continued. "This ruling demonstrates the importance of lawyers standing firm on behalf of clients and for the law. That is what Jenner will continue to do for our clients — paying and pro bono — as we look to put this matter behind us."Representatives for the White House did not immediately respond to a request for comment from Business Insider.The decision from US District Judge John Bates, an appointee of former President George W. Bush, is the second order striking down an executive order from Trump targeting a law firm.Earlier this month, another judge blocked an order targeting Perkins Coie, ruling that Trump's use of federal power "an overt attempt to suppress and punish certain viewpoints."Judges have also temporarily paused executive orders targeting the law firms Susman Godfrey and Wilmer Hale, pending decisions on whether to permanently block them.At an April hearing for Jenner & Block's case, Bates snapped at the Justice Department lawyer, Richard Lawson, who argued Trump's executive order should stand."Give me a break," Bates said, as Lawson argued federal agencies should follow Trump's command because Jenner & Block engaged in "racial discrimination."In the now-blocked executive order, Trump specifically singled out attorney Andrew Weissmann, a Jenner employee who served as a lead prosecutor in Robert Mueller's special counsel's office, which investigated Trump's ties to Russia in 2016. The order described Weissmann's career as "rooted in weaponized government and abuse of power."Judge Bates's ruling described Trump's order and the subsequent legal battle over its legality as "no run-of-the-mill retaliation case," adding that the president "has displayed a great deal of animosity toward Jenner." "Further adverse actions would not be shocking — and could very well offend the Constitution as plainly as Executive Order 14246 does," Bates wrote. "But Article III requires this Court to place its faith in future courts to prevent harm from befalling Jenner if and when that occurs." #executive #order #against #jenner #ampamp
    WWW.BUSINESSINSIDER.COM
    Executive order against Jenner & Block ruled unconstitutional
    A judge on Friday struck down Donald Trump's executive order against the Big Law firm Jenner & Block, ruling the order unconstitutional. Evelyn Hockstein/REUTERS 2025-05-23T22:08:46Z Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? The executive order targeting Big Law firm Jenner & Block was ruled unconstitutional on Friday. In his ruling, District Judge John Bates said the EO retaliated against the firm for protected speech. This is the second executive order targeting a Big Law firm that has been struck down. Another of President Donald Trump's executive orders targeting a Big Law firm has been struck down after a US District Judge on Friday said the action against Jenner & Block was unconstitutional.The entire order, which revoked the security clearances of the firm's attorneys and required a review of its government contracts, was invalidated by the judge's ruling, representing a major win for Jenner & Block."The order raises constitutional eyebrows many times over. It punishes and seeks to silence speech 'at the very center of the First Amendment,'" US District Judge John Bates, of the District Court of DC wrote in his ruling, adding that Trump's order did so "via the most 'egregious form of content discrimination — viewpoint discrimination,'" and "in an unacceptable attempt to 'insulate the Government's laws from judicial inquiry.'"A spokesperson for Jenner & Block directed Business Insider to their public statement following the ruling, which said that the firm is "pleased with the court's decision to decisively strike down an unconstitutional attack on our clients' right to have zealous, independent counsel and our firm's right to represent our clients fully and without compromise.""Our decision to fight the executive order in court is rooted in Jenner & Block's history and values: we fiercely advocate for our clients under all circumstances," the firm's statement continued. "This ruling demonstrates the importance of lawyers standing firm on behalf of clients and for the law. That is what Jenner will continue to do for our clients — paying and pro bono — as we look to put this matter behind us."Representatives for the White House did not immediately respond to a request for comment from Business Insider.The decision from US District Judge John Bates, an appointee of former President George W. Bush, is the second order striking down an executive order from Trump targeting a law firm.Earlier this month, another judge blocked an order targeting Perkins Coie, ruling that Trump's use of federal power "an overt attempt to suppress and punish certain viewpoints."Judges have also temporarily paused executive orders targeting the law firms Susman Godfrey and Wilmer Hale, pending decisions on whether to permanently block them.At an April hearing for Jenner & Block's case, Bates snapped at the Justice Department lawyer, Richard Lawson, who argued Trump's executive order should stand."Give me a break," Bates said, as Lawson argued federal agencies should follow Trump's command because Jenner & Block engaged in "racial discrimination."In the now-blocked executive order, Trump specifically singled out attorney Andrew Weissmann, a Jenner employee who served as a lead prosecutor in Robert Mueller's special counsel's office, which investigated Trump's ties to Russia in 2016. The order described Weissmann's career as "rooted in weaponized government and abuse of power."Judge Bates's ruling described Trump's order and the subsequent legal battle over its legality as "no run-of-the-mill retaliation case," adding that the president "has displayed a great deal of animosity toward Jenner." "Further adverse actions would not be shocking — and could very well offend the Constitution as plainly as Executive Order 14246 does," Bates wrote. "But Article III requires this Court to place its faith in future courts to prevent harm from befalling Jenner if and when that occurs."
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  • Crypto investors saw Trump as their champion. Now they’re not so sure

    It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar.But Thursday night’s dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president.While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president’s push into meme coins isn’t helping their efforts to establish the credibility, stability and legitimacy they had thought his administration would bring to their businesses.After feeling unfairly targeted by the Biden administration, the industry has quickly become a dominant political force, donating huge sums to help Trump and crypto-friendly lawmakers. But that’s also served to tether the industry—sometimes uncomfortably—to a president who is using crypto as a platform to make money for his brand in unprecedented ways.“It’s distasteful and an unnecessary distraction,” said Nic Carter, a Trump supporter and partner at the crypto investment firm Castle Island Ventures, who said the president is “hugging us to death” with his private crypto businesses. “We would much rather that he passes common-sense legislation and leave it at that.”

    Concerns about Trump’s crypto ventures predate Inauguration Day

    At the swanky Crypto Ball held down the street from the White House three days before he took office on Jan. 20, Trump announced the creation of the meme coin $TRUMP as a way for his supporters to “have fun.”Meme coins are the crypto sector’s black sheep. They are often created as a joke, with no real utility and prone to extremely wild price swings that tend to enrich a small group of insiders at the expense of less sophisticated investors.The president’s meme coin is different, however, and has a clear utility: access to Trump. The top 25 investors of $TRUMP are set to attend a private reception with the president Thursday, with the top four getting crypto-themed and Trump-branded watches.Trump’s meme coin saw an initial spike in value, followed by a steep drop. The price saw a significant increase after the dinner contest was announced. Its creators, which include an entity controlled by the Trump Organization, have made hundreds of millions of dollars by collecting fees on trades.First lady Melania Trump has her own meme coin, and Trump’s sons, Eric and Don Jr.—who are running the Trump Organization while their father is president—announced they are partnering with an existing firm to create a crypto mining company.The Trump family also holds about a 60% stake in World Liberty Financial, a crypto project that provides yet another avenue where investors are buying in and enriching the president’s relatives. World Liberty has launched its own stablecoin, USD1. The project got a boost recently when World Liberty announced an investment fund in the United Arab Emirates would be using billion worth of USD1 to purchase a stake in Binance, the world’s largest cryptocurrency exchange.A rapidly growing form of crypto, stablecoins have values pegged to fixed assets like the U.S. dollar. Issuers profit by collecting the interest on the Treasury bonds and other assets used to back the stablecoins.Crypto is now one of the most significant sources of the Trump family’s wealth.“He’s becoming a salesman-in-chief,” said James Thurber, an American University professor emeritus who has long studied and taught about corruption around the world. “It allows for foreign influence easily. It allows for crypto lobbying going on at this dinner, and other ways. It allows for huge conflicts of interest.”

    How Trump changed his mind on crypto

    “I’m a big crypto fan,” Trump told reporters aboard Air Force One during last week’s trip to the Middle East. “I’ve been that from the beginning, right from the campaign.”That wasn’t always true. During his first term, Trump posted in July 2019 that cryptocurrencies were “not money” and had value that was “highly volatile and based on thin air.”“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade,” he added then. Even after leaving office in 2021, Trump told Fox Business Network that bitcoin, the world’s most popular cryptocurrency, “seems like a scam.”Trump began to shift during a crypto event at his Mar-a-Lago club in Florida in May 2024, receiving assurances that industry backers would spend lavishly to get him reelected. Another major milestone came last June, when Trump attended a high-dollar fundraiser at the San Francisco home of David Sacks.He further warmed to the industry weeks later, when Trump met at Mar-a-Lago with bitcoin miners. The following month, he addressed a major crypto conference in Nashville, promising to make the U.S. the “crypto capital of the planet.”Those close to Trump, including his sons and billionaire Elon Musk, helped further push his embrace of the industry. Sacks is now the Trump administration’s crypto czar, and many Cabinet members—including Commerce Secretary Howard Lutnick and Defense Secretary Pete Hegseth—have long been enthusiastic crypto boosters.“I don’t have faith in the dollar,” Transportation Secretary Sean Duffy said in a 2023 interview. “I’m bullish on bitcoin.”

    Trump + crypto: A political marriage of convenience

    Many top crypto backers were naturally wary of traditional politics, but gravitated toward Trump last year. They bristled at Democratic President Joe Biden ‘s Securities and Exchange Commission aggressively bringing civil suits against several major crypto companies.Since Trump took office, many such cases have been dropped or paused, including one alleging that Justin Sun, a China-born crypto entrepreneur, and his company engaged in market manipulation and paid celebrities for undisclosed promotions.Sun, who once paid million for a piece of art involving a banana taped to a wall, and then ate the banana, helped the Trumps start World Liberty Financial with an early million investment.Sun has disclosed on social media that he is the biggest holder of $TRUMP meme coins and is attending Thursday’s dinner.“I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said.

    Are Trump family profits hurting other crypto investors?

    Trump has signed executive orders promoting the industry, including calls to create a government bitcoin reserve. In March, Trump convened the first cryptocurrency summit at the White House.But some of the industry’s biggest names, often brash and outspoken, have kept mostly mum on Trump’s meme coins and other projects.“It’s not my place to really comment on President Trump’s activity,” Coinbase CEO Brian Armstrong said at a recent public event.Meanwhile, a top legislative priority for crypto-backers, a bill clarifying how digital assets are to be regulated, has advanced in the Senate. But some Democrats have tried to stall other pro-crypto legislation over the president’s personal dealings.“Never in American history has a sitting president so blatantly violated the ethics laws,” Democratic Rep. Stephen Lynch of Massachusetts said during a contentious House hearing earlier this month.The White House referred questions about dinner attendees to the Trump Organization, which didn’t provide a list of who is coming.“The President is working to secure GOOD deals for the American people, not for himself,” White House spokeswoman Anna Kelly said in a statement.In addition to Sun, however, some attendees have publicized qualifying for the dinner. Another will be Sheldon Xia, the founder of a cryptocurrency exchange called BitMart that’s registered in the Cayman Islands.“Proud to support President Trump’s pro-crypto vision.” Xia wrote in both English and Chinese on social media.Thurber, the expert on government and ethics, said Trump’s “personal attention to crypto at this dinner helps the crypto industry.”“But also it’s risky,” he said, “because they could all lose a lot of money.”

    —Will Weissert and Alan Suderman, Associated Press
    #crypto #investors #saw #trump #their
    Crypto investors saw Trump as their champion. Now they’re not so sure
    It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar.But Thursday night’s dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president.While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president’s push into meme coins isn’t helping their efforts to establish the credibility, stability and legitimacy they had thought his administration would bring to their businesses.After feeling unfairly targeted by the Biden administration, the industry has quickly become a dominant political force, donating huge sums to help Trump and crypto-friendly lawmakers. But that’s also served to tether the industry—sometimes uncomfortably—to a president who is using crypto as a platform to make money for his brand in unprecedented ways.“It’s distasteful and an unnecessary distraction,” said Nic Carter, a Trump supporter and partner at the crypto investment firm Castle Island Ventures, who said the president is “hugging us to death” with his private crypto businesses. “We would much rather that he passes common-sense legislation and leave it at that.” Concerns about Trump’s crypto ventures predate Inauguration Day At the swanky Crypto Ball held down the street from the White House three days before he took office on Jan. 20, Trump announced the creation of the meme coin $TRUMP as a way for his supporters to “have fun.”Meme coins are the crypto sector’s black sheep. They are often created as a joke, with no real utility and prone to extremely wild price swings that tend to enrich a small group of insiders at the expense of less sophisticated investors.The president’s meme coin is different, however, and has a clear utility: access to Trump. The top 25 investors of $TRUMP are set to attend a private reception with the president Thursday, with the top four getting crypto-themed and Trump-branded watches.Trump’s meme coin saw an initial spike in value, followed by a steep drop. The price saw a significant increase after the dinner contest was announced. Its creators, which include an entity controlled by the Trump Organization, have made hundreds of millions of dollars by collecting fees on trades.First lady Melania Trump has her own meme coin, and Trump’s sons, Eric and Don Jr.—who are running the Trump Organization while their father is president—announced they are partnering with an existing firm to create a crypto mining company.The Trump family also holds about a 60% stake in World Liberty Financial, a crypto project that provides yet another avenue where investors are buying in and enriching the president’s relatives. World Liberty has launched its own stablecoin, USD1. The project got a boost recently when World Liberty announced an investment fund in the United Arab Emirates would be using billion worth of USD1 to purchase a stake in Binance, the world’s largest cryptocurrency exchange.A rapidly growing form of crypto, stablecoins have values pegged to fixed assets like the U.S. dollar. Issuers profit by collecting the interest on the Treasury bonds and other assets used to back the stablecoins.Crypto is now one of the most significant sources of the Trump family’s wealth.“He’s becoming a salesman-in-chief,” said James Thurber, an American University professor emeritus who has long studied and taught about corruption around the world. “It allows for foreign influence easily. It allows for crypto lobbying going on at this dinner, and other ways. It allows for huge conflicts of interest.” How Trump changed his mind on crypto “I’m a big crypto fan,” Trump told reporters aboard Air Force One during last week’s trip to the Middle East. “I’ve been that from the beginning, right from the campaign.”That wasn’t always true. During his first term, Trump posted in July 2019 that cryptocurrencies were “not money” and had value that was “highly volatile and based on thin air.”“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade,” he added then. Even after leaving office in 2021, Trump told Fox Business Network that bitcoin, the world’s most popular cryptocurrency, “seems like a scam.”Trump began to shift during a crypto event at his Mar-a-Lago club in Florida in May 2024, receiving assurances that industry backers would spend lavishly to get him reelected. Another major milestone came last June, when Trump attended a high-dollar fundraiser at the San Francisco home of David Sacks.He further warmed to the industry weeks later, when Trump met at Mar-a-Lago with bitcoin miners. The following month, he addressed a major crypto conference in Nashville, promising to make the U.S. the “crypto capital of the planet.”Those close to Trump, including his sons and billionaire Elon Musk, helped further push his embrace of the industry. Sacks is now the Trump administration’s crypto czar, and many Cabinet members—including Commerce Secretary Howard Lutnick and Defense Secretary Pete Hegseth—have long been enthusiastic crypto boosters.“I don’t have faith in the dollar,” Transportation Secretary Sean Duffy said in a 2023 interview. “I’m bullish on bitcoin.” Trump + crypto: A political marriage of convenience Many top crypto backers were naturally wary of traditional politics, but gravitated toward Trump last year. They bristled at Democratic President Joe Biden ‘s Securities and Exchange Commission aggressively bringing civil suits against several major crypto companies.Since Trump took office, many such cases have been dropped or paused, including one alleging that Justin Sun, a China-born crypto entrepreneur, and his company engaged in market manipulation and paid celebrities for undisclosed promotions.Sun, who once paid million for a piece of art involving a banana taped to a wall, and then ate the banana, helped the Trumps start World Liberty Financial with an early million investment.Sun has disclosed on social media that he is the biggest holder of $TRUMP meme coins and is attending Thursday’s dinner.“I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said. Are Trump family profits hurting other crypto investors? Trump has signed executive orders promoting the industry, including calls to create a government bitcoin reserve. In March, Trump convened the first cryptocurrency summit at the White House.But some of the industry’s biggest names, often brash and outspoken, have kept mostly mum on Trump’s meme coins and other projects.“It’s not my place to really comment on President Trump’s activity,” Coinbase CEO Brian Armstrong said at a recent public event.Meanwhile, a top legislative priority for crypto-backers, a bill clarifying how digital assets are to be regulated, has advanced in the Senate. But some Democrats have tried to stall other pro-crypto legislation over the president’s personal dealings.“Never in American history has a sitting president so blatantly violated the ethics laws,” Democratic Rep. Stephen Lynch of Massachusetts said during a contentious House hearing earlier this month.The White House referred questions about dinner attendees to the Trump Organization, which didn’t provide a list of who is coming.“The President is working to secure GOOD deals for the American people, not for himself,” White House spokeswoman Anna Kelly said in a statement.In addition to Sun, however, some attendees have publicized qualifying for the dinner. Another will be Sheldon Xia, the founder of a cryptocurrency exchange called BitMart that’s registered in the Cayman Islands.“Proud to support President Trump’s pro-crypto vision.” Xia wrote in both English and Chinese on social media.Thurber, the expert on government and ethics, said Trump’s “personal attention to crypto at this dinner helps the crypto industry.”“But also it’s risky,” he said, “because they could all lose a lot of money.” —Will Weissert and Alan Suderman, Associated Press #crypto #investors #saw #trump #their
    WWW.FASTCOMPANY.COM
    Crypto investors saw Trump as their champion. Now they’re not so sure
    It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump’s crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar.But Thursday night’s dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president.While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president’s push into meme coins isn’t helping their efforts to establish the credibility, stability and legitimacy they had thought his administration would bring to their businesses.After feeling unfairly targeted by the Biden administration, the industry has quickly become a dominant political force, donating huge sums to help Trump and crypto-friendly lawmakers. But that’s also served to tether the industry—sometimes uncomfortably—to a president who is using crypto as a platform to make money for his brand in unprecedented ways.“It’s distasteful and an unnecessary distraction,” said Nic Carter, a Trump supporter and partner at the crypto investment firm Castle Island Ventures, who said the president is “hugging us to death” with his private crypto businesses. “We would much rather that he passes common-sense legislation and leave it at that.” Concerns about Trump’s crypto ventures predate Inauguration Day At the swanky Crypto Ball held down the street from the White House three days before he took office on Jan. 20, Trump announced the creation of the meme coin $TRUMP as a way for his supporters to “have fun.”Meme coins are the crypto sector’s black sheep. They are often created as a joke, with no real utility and prone to extremely wild price swings that tend to enrich a small group of insiders at the expense of less sophisticated investors.The president’s meme coin is different, however, and has a clear utility: access to Trump. The top 25 investors of $TRUMP are set to attend a private reception with the president Thursday, with the top four getting $100,000 crypto-themed and Trump-branded watches.Trump’s meme coin saw an initial spike in value, followed by a steep drop. The price saw a significant increase after the dinner contest was announced. Its creators, which include an entity controlled by the Trump Organization, have made hundreds of millions of dollars by collecting fees on trades.First lady Melania Trump has her own meme coin, and Trump’s sons, Eric and Don Jr.—who are running the Trump Organization while their father is president—announced they are partnering with an existing firm to create a crypto mining company.The Trump family also holds about a 60% stake in World Liberty Financial, a crypto project that provides yet another avenue where investors are buying in and enriching the president’s relatives. World Liberty has launched its own stablecoin, USD1. The project got a boost recently when World Liberty announced an investment fund in the United Arab Emirates would be using $2 billion worth of USD1 to purchase a stake in Binance, the world’s largest cryptocurrency exchange.A rapidly growing form of crypto, stablecoins have values pegged to fixed assets like the U.S. dollar. Issuers profit by collecting the interest on the Treasury bonds and other assets used to back the stablecoins.Crypto is now one of the most significant sources of the Trump family’s wealth.“He’s becoming a salesman-in-chief,” said James Thurber, an American University professor emeritus who has long studied and taught about corruption around the world. “It allows for foreign influence easily. It allows for crypto lobbying going on at this dinner, and other ways. It allows for huge conflicts of interest.” How Trump changed his mind on crypto “I’m a big crypto fan,” Trump told reporters aboard Air Force One during last week’s trip to the Middle East. “I’ve been that from the beginning, right from the campaign.”That wasn’t always true. During his first term, Trump posted in July 2019 that cryptocurrencies were “not money” and had value that was “highly volatile and based on thin air.”“Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade,” he added then. Even after leaving office in 2021, Trump told Fox Business Network that bitcoin, the world’s most popular cryptocurrency, “seems like a scam.”Trump began to shift during a crypto event at his Mar-a-Lago club in Florida in May 2024, receiving assurances that industry backers would spend lavishly to get him reelected. Another major milestone came last June, when Trump attended a high-dollar fundraiser at the San Francisco home of David Sacks.He further warmed to the industry weeks later, when Trump met at Mar-a-Lago with bitcoin miners. The following month, he addressed a major crypto conference in Nashville, promising to make the U.S. the “crypto capital of the planet.”Those close to Trump, including his sons and billionaire Elon Musk, helped further push his embrace of the industry. Sacks is now the Trump administration’s crypto czar, and many Cabinet members—including Commerce Secretary Howard Lutnick and Defense Secretary Pete Hegseth—have long been enthusiastic crypto boosters.“I don’t have faith in the dollar,” Transportation Secretary Sean Duffy said in a 2023 interview. “I’m bullish on bitcoin.” Trump + crypto: A political marriage of convenience Many top crypto backers were naturally wary of traditional politics, but gravitated toward Trump last year. They bristled at Democratic President Joe Biden ‘s Securities and Exchange Commission aggressively bringing civil suits against several major crypto companies.Since Trump took office, many such cases have been dropped or paused, including one alleging that Justin Sun, a China-born crypto entrepreneur, and his company engaged in market manipulation and paid celebrities for undisclosed promotions.Sun, who once paid $6.2 million for a piece of art involving a banana taped to a wall, and then ate the banana, helped the Trumps start World Liberty Financial with an early $75 million investment.Sun has disclosed on social media that he is the biggest holder of $TRUMP meme coins and is attending Thursday’s dinner.“I’m excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said. Are Trump family profits hurting other crypto investors? Trump has signed executive orders promoting the industry, including calls to create a government bitcoin reserve. In March, Trump convened the first cryptocurrency summit at the White House.But some of the industry’s biggest names, often brash and outspoken, have kept mostly mum on Trump’s meme coins and other projects.“It’s not my place to really comment on President Trump’s activity,” Coinbase CEO Brian Armstrong said at a recent public event.Meanwhile, a top legislative priority for crypto-backers, a bill clarifying how digital assets are to be regulated, has advanced in the Senate. But some Democrats have tried to stall other pro-crypto legislation over the president’s personal dealings.“Never in American history has a sitting president so blatantly violated the ethics laws,” Democratic Rep. Stephen Lynch of Massachusetts said during a contentious House hearing earlier this month.The White House referred questions about dinner attendees to the Trump Organization, which didn’t provide a list of who is coming.“The President is working to secure GOOD deals for the American people, not for himself,” White House spokeswoman Anna Kelly said in a statement.In addition to Sun, however, some attendees have publicized qualifying for the dinner. Another will be Sheldon Xia, the founder of a cryptocurrency exchange called BitMart that’s registered in the Cayman Islands.“Proud to support President Trump’s pro-crypto vision.” Xia wrote in both English and Chinese on social media.Thurber, the expert on government and ethics, said Trump’s “personal attention to crypto at this dinner helps the crypto industry.”“But also it’s risky,” he said, “because they could all lose a lot of money.” —Will Weissert and Alan Suderman, Associated Press
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  • Trump Memecoin Holders Set to Dine With US President, Tron Founder Justin Sun Confirms Attendance 

    US President Donald Trump is set to host a special dinner for the largest holders of his $TRUMP memecoin on May 22. President Trump is reportedly expected to dine with 220 holders of the "Official Trump" token at the Trump National Golf Club in Potomac Falls, Virginia. On the heels of the upcoming event, the price of the memecoin surged by over 11 percent to trade aton international exchanges on Wednesday.Meanwhile, a group of US senators and other individuals also plan to protest outside the golf course, accusing the President of using his political influence over the crypto market.Here's What We Know About the EventGuests have received a formal invitation to the event via email. The invite includes details on the dress code as well as timings for the event. All guests will reportedly need to submit to a background check before attending the galaEarlier this month, a Bloomberg report had highlighted that a majority of the top 25 $TRUMP token holders used foreign exchanges to purchase the memecoin, indicating they were based outside of the US.Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner. At 1.4 million token holdings, Sun is listed as the largest holder of the memecoin. Sun confirmed Tuesday that he had received an invite to the event.“I'm excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said in a post on X.Singapore-based crypto startup MemeCore is second on the Trump memecoin leaderboard and a representative from the company is likely to mark their presence, Fortune reported.The 220 dinner guests collectively hold an estimated millionworth of the $TRUMP token, that was launched on January 17.Trump Memecoin ProtestRobert Weissman from the nonprofit group Public Citizen is said to be organising the protest outside Trump's dinner venue. Democratic senator Jeff Merkley is also reportedly planning to join the protest.President Trump's son Eric Trump told the press that “most of these people are paid to protest”.At present, the Official Trump token ranks 37th on CoinMarketCap's crypto index. This means that the memecoin with the market cap of billion, is currently the 37th largest altcoin in the market.

    For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

    Further reading:
    Cryptocurrency, Donald Trump, Memecoin, Trump token, Gala Dinner 

    Radhika Parashar

    Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com.
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    Trump Memecoin Holders Set to Dine With US President, Tron Founder Justin Sun Confirms Attendance 
    US President Donald Trump is set to host a special dinner for the largest holders of his $TRUMP memecoin on May 22. President Trump is reportedly expected to dine with 220 holders of the "Official Trump" token at the Trump National Golf Club in Potomac Falls, Virginia. On the heels of the upcoming event, the price of the memecoin surged by over 11 percent to trade aton international exchanges on Wednesday.Meanwhile, a group of US senators and other individuals also plan to protest outside the golf course, accusing the President of using his political influence over the crypto market.Here's What We Know About the EventGuests have received a formal invitation to the event via email. The invite includes details on the dress code as well as timings for the event. All guests will reportedly need to submit to a background check before attending the galaEarlier this month, a Bloomberg report had highlighted that a majority of the top 25 $TRUMP token holders used foreign exchanges to purchase the memecoin, indicating they were based outside of the US.Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner. At 1.4 million token holdings, Sun is listed as the largest holder of the memecoin. Sun confirmed Tuesday that he had received an invite to the event.“I'm excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said in a post on X.Singapore-based crypto startup MemeCore is second on the Trump memecoin leaderboard and a representative from the company is likely to mark their presence, Fortune reported.The 220 dinner guests collectively hold an estimated millionworth of the $TRUMP token, that was launched on January 17.Trump Memecoin ProtestRobert Weissman from the nonprofit group Public Citizen is said to be organising the protest outside Trump's dinner venue. Democratic senator Jeff Merkley is also reportedly planning to join the protest.President Trump's son Eric Trump told the press that “most of these people are paid to protest”.At present, the Official Trump token ranks 37th on CoinMarketCap's crypto index. This means that the memecoin with the market cap of billion, is currently the 37th largest altcoin in the market. For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube. Further reading: Cryptocurrency, Donald Trump, Memecoin, Trump token, Gala Dinner  Radhika Parashar Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More Related Stories #trump #memecoin #holders #set #dine
    WWW.GADGETS360.COM
    Trump Memecoin Holders Set to Dine With US President, Tron Founder Justin Sun Confirms Attendance 
    US President Donald Trump is set to host a special dinner for the largest holders of his $TRUMP memecoin on May 22. President Trump is reportedly expected to dine with 220 holders of the "Official Trump" token at the Trump National Golf Club in Potomac Falls, Virginia. On the heels of the upcoming event, the price of the memecoin surged by over 11 percent to trade at $14.27 (roughly Rs. 1,222) on international exchanges on Wednesday.Meanwhile, a group of US senators and other individuals also plan to protest outside the golf course, accusing the President of using his political influence over the crypto market.Here's What We Know About the EventGuests have received a formal invitation to the event via email. The invite includes details on the dress code as well as timings for the event. All guests will reportedly need to submit to a background check before attending the galaEarlier this month, a Bloomberg report had highlighted that a majority of the top 25 $TRUMP token holders used foreign exchanges to purchase the memecoin, indicating they were based outside of the US.Justin Sun, the owner of the Tron blockchain, is among the VIP attendees of this gala dinner. At 1.4 million token holdings, Sun is listed as the largest holder of the memecoin. Sun confirmed Tuesday that he had received an invite to the event.“I'm excited to connect with everyone, talk crypto, and discuss the future of our industry,” Sun said in a post on X.Singapore-based crypto startup MemeCore is second on the Trump memecoin leaderboard and a representative from the company is likely to mark their presence, Fortune reported.The 220 dinner guests collectively hold an estimated $147.5 million (roughly Rs. 1,261 crore) worth of the $TRUMP token, that was launched on January 17.Trump Memecoin ProtestRobert Weissman from the nonprofit group Public Citizen is said to be organising the protest outside Trump's dinner venue. Democratic senator Jeff Merkley is also reportedly planning to join the protest.President Trump's son Eric Trump told the press that “most of these people are paid to protest”.At present, the Official Trump token ranks 37th on CoinMarketCap's crypto index. This means that the memecoin with the market cap of $2.86 billion (roughly Rs. 24,467 crore), is currently the 37th largest altcoin in the market. For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube. Further reading: Cryptocurrency, Donald Trump, Memecoin, Trump token, Gala Dinner  Radhika Parashar Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More Related Stories
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  • Lincoln Center unveils major transformation by Hood Design Studio, Weiss/Manfredi, and Moody Nolan

    The Lincoln Center for the Performing Arts has unveiled a major redesign of its Amsterdam Avenue edge, transforming the western boundary of its Manhattan campus. The million redevelopment, led by Hood Design Studio, Weiss/Manfredi, and Moody Nolan, will remove the longstanding wall at Damrosch Park, opening the complex to the surrounding community with a new park, improved access, and a major outdoor performance venue. Archinect first reported on the appointment of the design team in March 2024.
    Image credit: Brooklyn Digital FoundryImage credit: Brooklyn Digital FoundryThe redesign introduces a more welcoming edge to the cultural campus with new entrances, expanded sidewalks, and green space along Amsterdam Avenue. A new theater and plaza, seating up to 2,000, will anchor the development, supporting year-round performances and community events. Surrounding features include a mist-animated water element, shaded groves, and flexible gathering spaces. 
    Image credit: Brooklyn Digi...
    #lincoln #center #unveils #major #transformation
    Lincoln Center unveils major transformation by Hood Design Studio, Weiss/Manfredi, and Moody Nolan
    The Lincoln Center for the Performing Arts has unveiled a major redesign of its Amsterdam Avenue edge, transforming the western boundary of its Manhattan campus. The million redevelopment, led by Hood Design Studio, Weiss/Manfredi, and Moody Nolan, will remove the longstanding wall at Damrosch Park, opening the complex to the surrounding community with a new park, improved access, and a major outdoor performance venue. Archinect first reported on the appointment of the design team in March 2024. Image credit: Brooklyn Digital FoundryImage credit: Brooklyn Digital FoundryThe redesign introduces a more welcoming edge to the cultural campus with new entrances, expanded sidewalks, and green space along Amsterdam Avenue. A new theater and plaza, seating up to 2,000, will anchor the development, supporting year-round performances and community events. Surrounding features include a mist-animated water element, shaded groves, and flexible gathering spaces.  Image credit: Brooklyn Digi... #lincoln #center #unveils #major #transformation
    ARCHINECT.COM
    Lincoln Center unveils major transformation by Hood Design Studio, Weiss/Manfredi, and Moody Nolan
    The Lincoln Center for the Performing Arts has unveiled a major redesign of its Amsterdam Avenue edge, transforming the western boundary of its Manhattan campus. The $335 million redevelopment, led by Hood Design Studio, Weiss/Manfredi, and Moody Nolan, will remove the longstanding wall at Damrosch Park, opening the complex to the surrounding community with a new park, improved access, and a major outdoor performance venue. Archinect first reported on the appointment of the design team in March 2024. Image credit: Brooklyn Digital FoundryImage credit: Brooklyn Digital FoundryThe redesign introduces a more welcoming edge to the cultural campus with new entrances, expanded sidewalks, and green space along Amsterdam Avenue. A new theater and plaza, seating up to 2,000, will anchor the development, supporting year-round performances and community events. Surrounding features include a mist-animated water element, shaded groves, and flexible gathering spaces.  Image credit: Brooklyn Digi...
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  • Hood Design Studio, Weiss/Manfredi, and Moody Nolan reveal Lincoln Center Campus West Side redesign

    Hood Design Studio, Weiss/Manfredi, and Moody Nolan were selected in March 2024 to revamp Lincoln Center’s west side, and increase access from Amsterdam Avenue. Renderings were shared today of the improvement project.

    The most noticeable change will be the removal of the tall wall that has long divided Amsterdam Avenue from the performing arts center. A new amphitheater at Damrosch Park will accompany the wall’s removal.
    The overall project is both contemporary and deeply rooted in New York City urban renewal history.
    The new view from Amsterdam AvenueSix decades ago, Robert Moses’s Lincoln Square Development Plan displaced 7,000 New York families and 800 businesses to make way for Lincoln Center. It destroyed San Juan Hill, a once thriving Black and Latine community. An imposing barrier wall was built on Amsterdam Avenue, dividing public housing residents at Amsterdam Houses from the complex.

    Today, tourists sequester at Josie Robertson Plaza, where the iconic Revson Fountain is sited between midcentury buildings by Max Abramovitz, Wallace K. Harrison, and Philip Johnson. They rarely venture to Damrosch Park on the western edge, where the Guggenheim Bandshell is located.
    Local community members have advocated for removing the wall at Damrosch Park for years. The new design will tear down this wall, making way for a new, world-class outdoor performance venue, and community park spaces.
    The new amphitheaterAerial view of the new amphitheaterMost presciently, this will allow for more seamless access from Amsterdam Houses, but also LaGuardia High School, and the five high schools at the Martin Luther King, Jr. Educational Complex.

    Renderings show the shell amphitheater partially roofed in white fins. The ovular form hugs perimeter seating down below.
    The urban design draws from Lincoln Center’s modernist ensemble, the team said. It retains a strong central axis that echoes the campus’s symmetrical layout pierced by new formal entry points. New materials, textures, colors, and accessibility upgrades bring contemporary touches.
    The western side will have easy access to Josie Robertson Plaza.New plaza facing Amsterdam AvenueSidewalk improvements will entail an improved bus waiting area, an expanded sidewalk between 62nd and 65th Streets, added greenery and shade on the west side, and more benches. There will also be a new garden at the new Damrosch Park entrance.
    New terraced seating will provide a means for accessing the complex or hanging out.The concourse that connects Amsterdam Avenue to the 1 Train Subway on Broadway will have better lighting, among other upgrades.
    New seating will be added along West 65th Street near the high schools for students to enjoy.
    A shaded area is another public placeNADAAA and the nonprofit Hester Street previously facilitated the community engagement process, findings later shared in a report that informed the more recent urban design project by Hood Design Studio, Weiss/Manfredi, and Moody Nolan.
    The project is slated for completion in May 2028.
    #hood #design #studio #weissmanfredi #moody
    Hood Design Studio, Weiss/Manfredi, and Moody Nolan reveal Lincoln Center Campus West Side redesign
    Hood Design Studio, Weiss/Manfredi, and Moody Nolan were selected in March 2024 to revamp Lincoln Center’s west side, and increase access from Amsterdam Avenue. Renderings were shared today of the improvement project. The most noticeable change will be the removal of the tall wall that has long divided Amsterdam Avenue from the performing arts center. A new amphitheater at Damrosch Park will accompany the wall’s removal. The overall project is both contemporary and deeply rooted in New York City urban renewal history. The new view from Amsterdam AvenueSix decades ago, Robert Moses’s Lincoln Square Development Plan displaced 7,000 New York families and 800 businesses to make way for Lincoln Center. It destroyed San Juan Hill, a once thriving Black and Latine community. An imposing barrier wall was built on Amsterdam Avenue, dividing public housing residents at Amsterdam Houses from the complex. Today, tourists sequester at Josie Robertson Plaza, where the iconic Revson Fountain is sited between midcentury buildings by Max Abramovitz, Wallace K. Harrison, and Philip Johnson. They rarely venture to Damrosch Park on the western edge, where the Guggenheim Bandshell is located. Local community members have advocated for removing the wall at Damrosch Park for years. The new design will tear down this wall, making way for a new, world-class outdoor performance venue, and community park spaces. The new amphitheaterAerial view of the new amphitheaterMost presciently, this will allow for more seamless access from Amsterdam Houses, but also LaGuardia High School, and the five high schools at the Martin Luther King, Jr. Educational Complex. Renderings show the shell amphitheater partially roofed in white fins. The ovular form hugs perimeter seating down below. The urban design draws from Lincoln Center’s modernist ensemble, the team said. It retains a strong central axis that echoes the campus’s symmetrical layout pierced by new formal entry points. New materials, textures, colors, and accessibility upgrades bring contemporary touches. The western side will have easy access to Josie Robertson Plaza.New plaza facing Amsterdam AvenueSidewalk improvements will entail an improved bus waiting area, an expanded sidewalk between 62nd and 65th Streets, added greenery and shade on the west side, and more benches. There will also be a new garden at the new Damrosch Park entrance. New terraced seating will provide a means for accessing the complex or hanging out.The concourse that connects Amsterdam Avenue to the 1 Train Subway on Broadway will have better lighting, among other upgrades. New seating will be added along West 65th Street near the high schools for students to enjoy. A shaded area is another public placeNADAAA and the nonprofit Hester Street previously facilitated the community engagement process, findings later shared in a report that informed the more recent urban design project by Hood Design Studio, Weiss/Manfredi, and Moody Nolan. The project is slated for completion in May 2028. #hood #design #studio #weissmanfredi #moody
    WWW.ARCHPAPER.COM
    Hood Design Studio, Weiss/Manfredi, and Moody Nolan reveal Lincoln Center Campus West Side redesign
    Hood Design Studio, Weiss/Manfredi, and Moody Nolan were selected in March 2024 to revamp Lincoln Center’s west side, and increase access from Amsterdam Avenue. Renderings were shared today of the improvement project. The most noticeable change will be the removal of the tall wall that has long divided Amsterdam Avenue from the performing arts center. A new amphitheater at Damrosch Park will accompany the wall’s removal. The overall project is both contemporary and deeply rooted in New York City urban renewal history. The new view from Amsterdam Avenue (Brooklyn Digital Foundry) Six decades ago, Robert Moses’s Lincoln Square Development Plan displaced 7,000 New York families and 800 businesses to make way for Lincoln Center. It destroyed San Juan Hill, a once thriving Black and Latine community. An imposing barrier wall was built on Amsterdam Avenue, dividing public housing residents at Amsterdam Houses from the complex. Today, tourists sequester at Josie Robertson Plaza, where the iconic Revson Fountain is sited between midcentury buildings by Max Abramovitz, Wallace K. Harrison, and Philip Johnson. They rarely venture to Damrosch Park on the western edge, where the Guggenheim Bandshell is located. Local community members have advocated for removing the wall at Damrosch Park for years. The new design will tear down this wall, making way for a new, world-class outdoor performance venue, and community park spaces. The new amphitheater (Brooklyn Digital Foundry) Aerial view of the new amphitheater (Brooklyn Digital Foundry) Most presciently, this will allow for more seamless access from Amsterdam Houses, but also LaGuardia High School, and the five high schools at the Martin Luther King, Jr. Educational Complex. Renderings show the shell amphitheater partially roofed in white fins. The ovular form hugs perimeter seating down below. The urban design draws from Lincoln Center’s modernist ensemble, the team said. It retains a strong central axis that echoes the campus’s symmetrical layout pierced by new formal entry points. New materials, textures, colors, and accessibility upgrades bring contemporary touches. The western side will have easy access to Josie Robertson Plaza. (Brooklyn Digital Foundry) New plaza facing Amsterdam Avenue (Brooklyn Digital Foundry) Sidewalk improvements will entail an improved bus waiting area, an expanded sidewalk between 62nd and 65th Streets, added greenery and shade on the west side, and more benches. There will also be a new garden at the new Damrosch Park entrance. New terraced seating will provide a means for accessing the complex or hanging out. (Brooklyn Digital Foundry) The concourse that connects Amsterdam Avenue to the 1 Train Subway on Broadway will have better lighting, among other upgrades. New seating will be added along West 65th Street near the high schools for students to enjoy. A shaded area is another public place (Brooklyn Digital Foundry) NADAAA and the nonprofit Hester Street previously facilitated the community engagement process, findings later shared in a report that informed the more recent urban design project by Hood Design Studio, Weiss/Manfredi, and Moody Nolan. The project is slated for completion in May 2028.
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