Protesters in Chicago last month. KAMIL KRZACZYNSKI
AFP via Getty Images
Judge won’t block Trump from sending National Guard to Chicago, for now. Officials from Illinois and Chicago sued yesterday to stop President Trump from deploying National Guard troops to Chicago, as conflicts between the president and Democrat-led areas escalate. A federal judge declined to immediately grant that request, but scheduled a full hearing for Thursday. Trump wants the troops to quell protests of ICE agents’ aggressive immigration enforcement in Chicago. The local officials’ lawsuit argues that he’s motivated by hostility toward the city and its leaders rather than a true emergency. The president also sought to deploy the National Guard to Portland, OR, but a different federal judge blocked that twice over the weekend. The White House is appealing in Oregon, and the President has also said he could invoke the Insurrection Act to bypass the courts.
Fifth Third to buy Comerica as regional lenders consolidate. In what Bloomberg calls the biggest US bank deal this year, Fifth Third said it would acquire Comerica for $10.9 billion in stock. The acquisition, expected to close in the first quarter next year, would create the ninth-largest bank in the country with $288 billion in assets. The announcement sent Wall Street tongues wagging about whether a wave of consolidation could be coming to regional banking, as smaller banks look to compete with giants like JPMorgan and may want to take advantage of the Trump administration’s more open stance toward big mergers.
Talks toward ending Gaza war began in Egypt. Yesterday, on the eve of the two-year anniversary of the Oct. 7, 2023, attack that prompted the war in Gaza, Israel and Hamas started indirect talks in a Red Sea resort town to discuss President Trump’s 20-point peace plan. Both sides are under pressure to agree to a ceasefire, but they are also believed to be far apart on key issues—including whether Hamas will disarm and the withdrawal of Israeli troops. Going into the discussions, Hamas said it would agree to release its remaining hostages in exchange for a release of Palestinian prisoners held by Israel, but those details are still being hashed out as well. The White House is pushing for the talks to move quickly, and the initial phase is likely to take several days.—AR
Judge won’t block Trump from sending National Guard to Chicago, for now. Officials from Illinois and Chicago sued yesterday to stop President Trump from deploying National Guard troops to Chicago, as conflicts between the president and Democrat-led areas escalate. A federal judge declined to immediately grant that request, but scheduled a full hearing for Thursday. Trump wants the troops to quell protests of ICE agents’ aggressive immigration enforcement in Chicago. The local officials’ lawsuit argues that he’s motivated by hostility toward the city and its leaders rather than a true emergency. The president also sought to deploy the National Guard to Portland, OR, but a different federal judge blocked that twice over the weekend. The White House is appealing in Oregon, and the President has also said he could invoke the Insurrection Act to bypass the courts. Fifth Third to buy Comerica as regional lenders consolidate. In what Bloomberg calls the biggest US bank deal this year, Fifth Third said it would acquire Comerica for $10.9 billion in stock. The acquisition, expected to close in the first quarter next year, would create the ninth-largest bank in the country with $288 billion in assets. The announcement sent Wall Street tongues wagging about whether a wave of consolidation could be coming to regional banking, as smaller banks look to compete with giants like JPMorgan and may want to take advantage of the Trump administration’s more open stance toward big mergers. Talks toward ending Gaza war began in Egypt. Yesterday, on the eve of the two-year anniversary of the Oct. 7, 2023, attack that prompted the war in Gaza, Israel and Hamas started indirect talks in a Red Sea resort town to discuss President Trump’s 20-point peace plan. Both sides are under pressure to agree to a ceasefire, but they are also believed to be far apart on key issues—including whether Hamas will disarm and the withdrawal of Israeli troops. Going into the discussions, Hamas said it would agree to release its remaining hostages in exchange for a release of Palestinian prisoners held by Israel, but those details are still being hashed out as well. The White House is pushing for the talks to move quickly, and the initial phase is likely to take several days.—AR
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