Saudi crown prince to visit the White House today. Saudi Arabia’s Crown Prince Mohammed bin Salman will be in DC today for his first trip to the US since the 2018 murder of journalist Jamal Khashoggi. MBS and President Trump are expected to discuss deepening ties on commerce, AI, and possibly nuclear energy. Trump is hoping to move forward with the $600 billion investment pledge Saudi Arabia made when he was there in May, while MBS is looking for security guarantees. In advance of the visit, Trump announced yesterday that the US would sell stealthy F-35 jets to Saudi Arabia. But the Wall Street Journal points out that with oil prices down and big commitments to domestic projects, MBS may have less money to spend on “checkbook diplomacy.” Still, many CEOs are expected at the dinner honoring him tonight.
Sinclair buys stake in Scripps, hoping for local TV consolidation. The two broadcast station owners don’t have a merger deal yet, but Sinclair, which owns 178 affiliate stations, revealed in a regulatory filing yesterday that they’ve had “constructive” talks and that it has taken an 8% stake in Scripps, which owns ~60 stations. Investors like the idea: Scripps stock soared 40%. The effort to purchase Scripps comes after Sinclair began a strategic review to consider potential sales and acquisitions. Its push to get even bigger also follows the company pressing the FCC to relax rules that ban a broadcaster from owning stations that reach more than 39% of the country—and FCC Chair Brendan Carr has said he agrees.
Trump says he would sign the bill to release Epstein files if it passes. With the House poised to vote on a bill to force the Justice Department to release its files on the late sex offender and financier Jeffrey Epstein this week, President Trump told reporters yesterday he’d sign it, though he also said, “The whole thing is a hoax.” The president had opposed such a release for months and had urged lawmakers to reject the bill, but on Sunday, he abruptly shifted his position, saying on Truth Social that Republicans should support it. Trump’s change of heart led more Republicans to publicly support the bipartisan measure yesterday, according to Politico. Meanwhile, former Treasury Secretary and former Harvard President Larry Summers is stepping back from his public commitments after his emails with Epstein were made public.—AR
Saudi crown prince to visit the White House today. Saudi Arabia’s Crown Prince Mohammed bin Salman will be in DC today for his first trip to the US since the 2018 murder of journalist Jamal Khashoggi. MBS and President Trump are expected to discuss deepening ties on commerce, AI, and possibly nuclear energy. Trump is hoping to move forward with the $600 billion investment pledge Saudi Arabia made when he was there in May, while MBS is looking for security guarantees. In advance of the visit, Trump announced yesterday that the US would sell stealthy F-35 jets to Saudi Arabia. But the Wall Street Journal points out that with oil prices down and big commitments to domestic projects, MBS may have less money to spend on “checkbook diplomacy.” Still, many CEOs are expected at the dinner honoring him tonight.
Sinclair buys stake in Scripps, hoping for local TV consolidation. The two broadcast station owners don’t have a merger deal yet, but Sinclair, which owns 178 affiliate stations, revealed in a regulatory filing yesterday that they’ve had “constructive” talks and that it has taken an 8% stake in Scripps, which owns ~60 stations. Investors like the idea: Scripps stock soared 40%. The effort to purchase Scripps comes after Sinclair began a strategic review to consider potential sales and acquisitions. Its push to get even bigger also follows the company pressing the FCC to relax rules that ban a broadcaster from owning stations that reach more than 39% of the country—and FCC Chair Brendan Carr has said he agrees.
Trump says he would sign the bill to release Epstein files if it passes. With the House poised to vote on a bill to force the Justice Department to release its files on the late sex offender and financier Jeffrey Epstein this week, President Trump told reporters yesterday he’d sign it, though he also said, “The whole thing is a hoax.” The president had opposed such a release for months and had urged lawmakers to reject the bill, but on Sunday, he abruptly shifted his position, saying on Truth Social that Republicans should support it. Trump’s change of heart led more Republicans to publicly support the bipartisan measure yesterday, according to Politico. Meanwhile, former Treasury Secretary and former Harvard President Larry Summers is stepping back from his public commitments after his emails with Epstein were made public.—AR
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