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Perkins Coie and WilmerHale Ask Judges to Block Trump’s Orders

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Two federal judges on Wednesday appeared sympathetic to arguments from elite law firms asking for definitive relief from President Trump’s executive orders targeting them.

Lawyers for two firms, Perkins Coie and WilmerHale, have asked the courts to permanently block the Trump administration from carrying out the orders, arguing that the measures are so blatantly unconstitutional that no trial is necessary.

The orders, they stressed, pose a critical threat to their businesses and the legal profession writ large. The firms have clients and have employed lawyers Mr. Trump opposes politically.

The judges presiding over their cases, Beryl A. Howell and Richard J. Leon of the Federal District Court in Washington, said they would take some time to reach a final decision. But both appeared receptive to the firms’ position that Mr. Trump was retaliating against them for speech he does not like.

Mr. Trump singled out Perkins Coie and WilmerHale for punishment in March with individualized executive orders, owing largely to past legal work on behalf of clients opposing Mr. Trump and policies he had championed. Among other measures, the orders directed federal agencies not to contract with the firms or permit their staff into federal buildings, and to suspend security clearances held by their lawyers.

Both firms had been involved in investigations concerning Russian disinformation during the 2016 election, and the question of whether Russian influence had been designed to benefit Mr. Trump’s campaign. And both noted in court filings that the president himself had said repeatedly that he had singled them out specifically because of their previous clients.

The government has asked that the lawsuits be dismissed, arguing that the orders were all within the president’s authority and an expression of political speech.

During a hearing Wednesday morning, Judge Howell spent two hours challenging Richard Lawson, a Justice Department lawyer who represented the government in both cases, to speak to a panoply of issues with the orders.

She repeatedly cast doubt on Mr. Lawson’s insistence that the White House, after careful consideration, had moved in good faith to rein in a small handful of law firms it deemed reckless, demanding they do free public interest work in exchange for being allowed to continue operating as usual.

Judge Howell also asked Mr. Lawson to speak to an expert opinion filed in the case by J. William Leonard, a former Defense Department official who worked for decades overseeing security clearances, and who compared Mr. Trump’s orders with tactics Senator Joseph McCarthy employed during the Red Scare.

“The arbitrary directive of immediate suspension of security clearances not for any personal conduct by any clearance holder but rather simply for that individual’s association with a law firm is no different analytically than if a directive were issued to immediately suspend the security clearances of all Jews or Muslims, all members of the LGBTQ+ community, all women, or all registered Democrats or Republicans,” Mr. Leonard had written in his report.

The outcome of the two cases on Wednesday, along with several nearly identical ones involving other firms, hold profound implications for the legal community, particularly after the president’s executive orders and threats caused a deep rift among elite corporate firms.

Facing similar threats from the White House, some high-powered firms responded by bowing to pressure, offering hundreds of millions of dollars worth of pro bono work on issues Mr. Trump supports in an attempt to escape persecution. To avoid attracting the president’s ire, none of the 10 largest firms by revenue initially signed onto a legal brief expressing support for Perkins Coie after it became the first firm subject to an order.

While discussing the case of Paul, Weiss, one of the firms that cut a deal, Mr. Lawson told Judge Howell that it was well within the president’s authority to rescind security clearances when their holders had fallen out of favor.

“When it comes to the national security clearances, an essential factor is trust in the holder,” he said.

“And $40 million worth of free legal services is enough to have the president trust Paul, Weiss again,” Judge Howell shot back.

Even as the Justice Department has maintained in court that the president’s orders were sincere and apolitical, designed to protect U.S. interests, Mr. Trump has continued to weigh in online, lashing out at the firms and the judges hearing the cases.

“I could have a 100% perfect case and she would angrily rule against me,” he wrote on Truth Social less than two hours before Judge Howell presided over the Perkins Coie case. “It’s called Trump Derangement Syndrome, and she’s got a bad case of it. To put it nicely, Beryl Howell is an unmitigated train wreck.”

Perkins Coie and WilmerHale, as well as Jenner & Block and Susman Godfrey, two other firms that chose to fight Mr. Trump’s executive orders in court, have already been granted temporary injunctions stopping the orders from taking effect while litigation proceeds.

On Wednesday, lawyers for both Perkins Coie and WilmerHale firmly rejected the government’s position, breaking down the different sections of the orders, which, among other things, accused them of interfering in elections and employing diversity and equity practices in hiring that Mr. Trump has framed as racist and tried to stamp out across the country.

Both described the orders as carelessly put together and nakedly political, pointing to apparent contradictions.

A lawyer representing Perkins Coie, Dane Butswinkas, noted that the lawyers who had drawn Mr. Trump’s rage had left the firm years ago, and that the firm’s involvement with Hillary Clinton’s political campaign, which Mr. Trump’s order referred to, happened in 2016.

“The president had a whole four years after that, where it didn’t seem like it hindered national security — it took nine years for it to hinder national security,” he said.

With both judges appearing inclined to agree that Mr. Trump’s actions seemed designed to exact revenge, both firms urged them to definitively block the orders before they caused wider intimidation and submission among elite firms.

“They claim we’re hysterical — I plead guilty,” Mr. Butswinkas said. “But there’s an old saying: Just because you’re paranoid doesn’t mean they’re not out to get you.”



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Today on Sky Sports Racing: Doncaster, Chepstow and Fontwell feature | Racing News

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Doncaster, Chepstow and Fontwell all host live action on a busy Friday, live on Sky Sports Racing.

2.33 Doncaster – Elements Of Fire and Music Of Time headline novice contest

John and Thady Gosden saddle Elements Of Fire, who made a winning debut when showing a game attitude to score at Chelmsford. He will be popular to step forward as he tackles turf for the first time in this Weekend Winners On Sky Sports Racing Novice Stakes.

Music Of Time built on his debut to see off a useful type over this course and distance in October, and a bold bid can be expected on his return under Dougie Costello in the Godolphin blue.

Of the others, Roaring Twenties is fit, having finished third at Kempton earlier this month, while Owen Burrows introduces the choicely-bred Remmooz.

6.05 Chepstow – Doyouknowwhatimean fancied for Skelton team

Dan Skelton continues to push for a first trainers’ title ahead of Sandown this weekend, and he fields Doyouknowwhatimean in this feature Dunraven Windows Handicap Chase at Chepstow.

A fortuitous winner when narrowly prevailing here on Monday, he will hope to defy a 7lb penalty and record some much-needed prize money for the team.

Ballybreeze doubled his tally over fences when comfortably landing a decent Newbury race on his last start and must be feared, having been rated much higher in the past.

Ballybreeze
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Ballybreeze

Le Fauve and Bowmore complete the lineup, with Charlie Todd and Bowmore aboard.

6.17 Fontwell – Sunshine Diamond and Marlacoo do battle

Sunshine Diamond joined this yard having scored on his final start in Ireland and made a pleasing debut when making all at Southwell in October. He has won both starts in cheekpieces and could have more to offer as he returns from a 204-day break for this Sky Sports Racing Sky 415 Handicap Hurdle.

Tom Lacey’s Marlacoo got off the mark over hurdles when justifying favouritism at Ayr in February and looks the chief threat as he switches to handicap company.

Up The Straight and the consistent yet frustrating Shengai Enki complete the shortlist.

Best of the rest

A strong-looking Play At The Races Stableduel Novice Stakes at Doncaster (4.15pm) sees a few nice horses go to post. Godolphin’s Corolla Point – a three-year-old gelded son of Blue Point – looked promising on debut at Yarmouth the last day and will be well-fancied for the Charlie Appleby operation. In opposition, Blue Rc (also by Blue Point) dead-heated with I Maximus on his first appearance but should be better for the run this time around. Tasalla is a half-brother to July Cup winner Mill Stream and also goes here.

Gemma Tutty’s Singoura tops the weights in Doncaster’s Sky Sports Racing 415 Handicap at 4.50pm. Switching to the turf for the first time under Joanna Mason, this three-year-old filly has shown she handles seven furlongs after a nice showing at Southwell back in December.

Miss Goldfire may finally break a luckless run in the 5.15pm Gary Wraight Memorial Mares’ Novices’ Hurdle at Fontwell, having finished a runner-up on his three previous starts for Harry Fry. Lahinch Wave and Abbey Law recorded victories last time out, the latter for the Lucy Wadham team – who have recorded a +22.50 level stakes profit thus far this term.

Sangiovese looks likely to headline Fontwell’s Play At The Races Stableduel Handicap Chase at 5.47pm, having recorded a six-length triumph on good ground at Huntingdon the last day. Over at Chepstow, keep an eye out for Paul Nicholls’ Seeyouinmydreams (5.35pm) and Dalamoi (7.35pm).

Watch Doncaster, Chepstow and Fontwell – live on Sky Sports Racing…



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Tripped Up: I Gave Up My Seat for $800, but Frontier Forgot to Pay Me.

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In March 2024, I was awaiting my $96 Frontier Airlines flight from Fort Lauderdale, Fla., to Trenton, N.J., when gate agents announced they were seeking 20 volunteers to fly the next day instead, in order to lighten the aircraft’s load. The offer: an $800 credit for a future flight. (Or was it multiple future flights? This was the subject of debate among passengers.) I stepped forward, and was asked to write my email address on a piece of paper, which was passed around for the other volunteers to do the same. The gate agent was patient and polite, but didn’t provide me with any receipt. When I returned the next day for my makeup flight, he was there again, so I asked why I hadn’t received an email with the credit, as other passengers had. He didn’t know. Later, I reached out to Frontier, but the carrier made it very hard to reach a human by phone and sent me emails that didn’t really make sense. I did get a $384 payment — not a voucher — a few days after the flight, but since Frontier still owed me about $300 from a cancellation the year prior, I thought it was for that. Can you help? Linda, Princeton, N.J.

Let me get this straight: Frontier’s method for keeping track of volunteers due $800 vouchers was to have them scrawl their email addresses on one piece of paper?

That’s a rhetorical question, because you emailed me the photo you snapped of said sheet, which showed a list of 10 email addresses in a wide variety of handwriting. That’s where I started when I dug into your problem, writing to the other nine email addresses to ask if they had gotten their credits — in some cases for the multiple travelers in their party.

Eight wrote back to tell their stories. All (except you) had received vouchers, although three complained, unprompted, about the scribble-down-your-email-address system, and several grumbled that the vouchers turned out to be for one-time use. One, Dino of Fort Washington, Pa., managed to persuade Frontier to split his family’s four $800 vouchers into eight $400 vouchers.

With help from the documentation you sent, the responses from your fellow passengers and a helpful email back and forth with Jennifer de la Cruz, a Frontier spokeswoman, I have figured out what happened, and gotten you back as much as — or maybe more than — you deserve.

Asking passengers to jot down their email addresses, Ms. de la Cruz wrote, is “not standard procedure.” Instead, gate agents are instructed to find the customer’s reservation in the system, confirm the contact information is correct, and annotate it as voluntarily or involuntarily denied boarding.

The difference is important. Compensation for involuntary denied boarding — bumping — is governed by U.S. Transportation Department rules, whereas airlines can offer whatever they want to seek volunteers. Your name somehow found its way onto the involuntary list, which in this case meant you would receive four times the amount of your original $96 ticket, or $384. That explains the $384 that Frontier refunded your credit card two days after the original flight. (It had nothing to do with the 2023 cancellation.) Frontier has now sent you a $450 voucher to bring the amount to a little over the $800 you were promised.

Ms. de la Cruz also looked into money — $302 to be exact — you say you were owed from that 2023 cancellation. She said your local travel agent erred in what and how much you were due. It was not a refund, the spokeswoman said, but a voucher, and worth only $54 after fees were deducted. That voucher was issued in 2023 and expired three months later. (You claim never to have received it.)

As a courtesy, Ms. de la Cruz said Frontier would send you the $302, and you told me you received an email that promised $302, in the form of check. (For a company that charges you extra if you don’t check in via its app, Frontier sure uses a lot of paper!)

You and several other passengers, by the way, gave kudos to the gate agent. Let’s give him the benefit of the doubt that he did not know the Frontier system — as it turns out he did not work directly for Frontier, but for Trego Dugan Aviation, a contractor. It’s a very common arrangement these days — even gate agents wearing airline-branded uniforms are often contractors. This agent was even kind enough to jot down his work email address so you could follow up. Alas, your message to him bounced back, not the first time in this story that a handwritten email address led someone astray.

So what’s the lesson for anyone thinking of giving up a seat for a voucher? Be wary of anything a gate agent promises you verbally, and always politely try to get a receipt or other written evidence. Ask to watch as the agent enters your information, and take a picture of the screen and the agent — with consent. Favor cash over vouchers, which are nearly always time-limited, and ask for a complimentary hotel room if your substitute flight isn’t until the next day.

Some positive news for potential Frontier volunteers: Ms. de la Cruz said (independently of this article) that Frontier has since changed its policies to make vouchers good for more than one flight. That’s a good thing, because as Megan of Doylestown, Pa., one of the volunteers on that handwritten list, wrote to me, “Spending $800 on a Frontier flight is not easy.”

I’ll say, at least if you’re just booking one seat. I played around with the Frontier booking page and — attention North Dakotans — you can, as of this writing, get a last-minute round-trip flight from Fargo to Cancún, Mexico, with extra legroom and checked baggage, for just under $750.

If you need advice about a best-laid travel plan that went awry, send an email to TrippedUp@nytimes.com.



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Has Trump’s Tariff Fight Passed Its Peak?

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“We have three airplanes that we had in China ready for delivery. I think we’ve got two of those already back and we’re bringing the third airplane back. They have in fact stopped taking delivery of aircraft due to the tariff environment.”

— Kelly Ortberg, the C.E.O. of Boeing, on CNBC on Wednesday. The company, whose longstanding ties to Beijing have been strained by U.S. tariffs, planned to deliver 50 airplanes to China this year, but may no longer do so.

“The United States was more than just a nation. It’s a brand, it’s a universal brand, whether it’s our culture, our financial strength, our military strength, America rose beyond just being a country — it was like an aspiration for most of the world, and we’re eroding that brand right now.”

— Ken Griffin, the C.E.O. of Citadel, speaking Wednesday at Semafor’s World Economy Summit in Washington. He added: “I’ll tell you what’s not going to happen is people are not going to race to build manufacturing in America, because with the policy volatility, you actually undermine the very goal you’re trying to achieve.”

“If, ultimately, costs are passed to us from those that we buy handsets from, unfortunately, for the customer, we’re going to have to come up with some new ways for them to figure out how to digest that increase in pricing.”

— John Stankey, the C.E.O. of AT&T, on Wednesday’s earnings call explaining that customers may have to pay more for phones.

“One of the important things that we need in our industry is we, first of all, I need clarity, and then I need consistency. Because, as I said, if you know a new vehicle, a brand-new vehicle, comes out every five or six years. To make those investments and to be good stewards of our owner’s capital, I need to understand what the policy is.”

— Mary Barra, C.E.O. of General Motors, speaking Wednesday at the Semafor event, when asked about whether she planned to invest more in U.S. manufacturing.


Even before winning re-election, President Trump had made clear that he would treat crypto very differently from former President Joe Biden, promising to unshackle the industry from tight regulation.

He has done so — and then some. The news that he is now offering a private dinner to the top 220 investors in his $TRUMP memecoin is the latest reminder that he won’t just champion the industry, but will also embrace it for personal profit.

“Have Dinner with President Trump and the $TRUMP Community!” read an invitation. “Let the President know how many $TRUMP coins YOU own!”



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Gerwyn Price says Rotterdam conditions were ‘unfair’ after winning Night 12 of Premier League Darts in Liverpool | Darts News

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Gerwyn Price has reiterated his frustrations about the “unfair” conditions during the Premier League night in Rotterdam, saying he had a reason to “throw his toys out the pram”.

Price took to social media a week ago to slam the draught at the Rotterdam Ahoy after his quarter-final exit to Nathan Aspinall, writing it was a “pointless” evening with “darts blowing everywhere”.

The Welshman rebounded in Liverpool in Week 12 to secure his third nightly win of the season and boost his hopes of securing a Play-Off spot, beating Chris Dobey, Rob Cross and finally Luke Humphries.

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Highlights from Price’s 6-4 win over Luke Humphries in the Liverpool final as he secured his third nightly victory of the season

Speaking to Sky Sports about his win at the M&S Bank Arena, Price said: “When the conditions are good and it’s a fair game I play some good darts.

“Sometimes I do throw my toys out of the pram when things don’t go my way but I had a reason last week. We don’t deserve to play in those conditions.

“They say we have to play in Rotterdam every year but surely they can find a venue where it is fair for everyone?

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Speaking on Love The Darts, Laura Turner and Chris Murphy discuss Price’s comments about the conditions in Rotterdam

“People say it is the same for every player but it definitely isn’t. Some throw heavier darts, longer points, thicker flights, it’s not the same for everyone.

“If you had the World Snooker Championship and lifted one leg up on one end, put it down on the other end, I’m sure Ronnie [O’Sullivan] wouldn’t be happy with that.”

Price: Making the Play-Offs is my priority

Price’s third nightly triumph, which followed wins on Week Three in Dublin and Week Six in Nottingham, leaves him third in the table on 20 points – three clear of fifth-placed Michael van Gerwen – with four rounds of the regular season remaining.

The top four players after Week 16 will reach the Play-Offs at London’s O2 on Thursday May 29.

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Watch Price’s two ton-plus checkouts in his quarter-final victory over Chris Dobey

Price added: “I just want to make top four. It doesn’t matter whether it’s one, two, three or four as long as I am at the O2 in a few weeks. That’s my priority.

“I managed to get five points today and that eases the pressure. I am playing really well so there is no reason I can’t win every week.”

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Price produced this magnificent checkout of 151 during his win over Humphries

Sky Sports Darts pundit John Part added: “I think Price will have to bank a few more points just to be on the safe side for the Play-Offs but he is looking really good.

“Of all the players aside from [table topper] Luke Littler, he is the most fearless. He will know he can beat anyone if he plays his game.”

Night 13 fixtures in Birmingham

Quarter-finals

  • Luke Littler vs Stephen Bunting
  • Nathan Aspinall vs Chris Dobey
  • Luke Humphries vs Gerwyn Price
  • Rob Cross vs Michael van Gerwen

Watch live on Sky Sports Main Event and Sky Sports Action from 7pm on Thursday May 1.



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Trump’s Tariffs Expected to Grind Germany’s Growth to a Halt

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Germany’s economy will not grow for the third year in a row, the government said on Thursday, scaling back a previous prediction as President Trump’s tariffs bite into Europe’s largest economy, leaving it stagnant.

In January, the German government had predicted 0.3 percent economic growth, but Mr. Trump’s tariffs of 25 percent on imported automobiles, steel and aluminum threaten to hit Germany’s export-oriented economy hard, as could the turbulence in the markets caused by the yo-yo nature of how the tariffs have been imposed.

“The German economy, which is already suffering from weak foreign demand and reduced competitiveness, is particularly affected by the U.S. trade policy,” Robert Habeck, Germany’s economy minister, told reporters in Berlin on Thursday.

Germany is the only member of the Group of 7 nations whose economy has failed to grow in the past two years.

A new German government will take power after the expected next chancellor, Friedrich Merz, is sworn in on May 6. He has promised to spur growth, aided by looser borrowing limits that will allow the government to spend hundreds of billions of euros on defense and infrastructure.

But many of the problems plaguing Germany are homegrown, and economists warn that unless the country tackles some of the underlying structural problems — including a burdensome bureaucracy, one of Europe’s highest corporate tax rates and soaring energy prices — even the extended borrowing will not bring relief.

“It is still unclear whether and which reforms the next federal government will implement,” Mr. Habeck said. “The structural problems must be tackled quickly and consistently. This will determine whether the German economy receives a boost to its competitiveness or whether all of the money goes up in smoke.”

Germany is also facing a demographic problem, leading to a shrinking work force and a drop in productivity. At the same time, the country is grappling with a surging anti-immigrant sentiment, which is making it difficult for companies to attract the skilled foreign workers they need to remain competitive.

Many companies have scaled back their growth outlook as they digest the 10 percent blanket tariff on goods exported to the United States and await the outcome of a 90-day pause on higher levies.

The trade war is expected to be a drag on the economy next year as well. The government now predicts growth of 1 percent for 2026.

“If the new German government does not take decisive and swift countermeasures, we could even face a significant third consecutive year of recession,” said Helena Melnikov, managing director of the German Chamber of Commerce and Industry.

“It is therefore all the more important that the future German government shifts into forward gear and finds solutions to the customs dispute with the U.S.A., especially at the E.U. level,” Ms. Melnikov said.

This week, the International Monetary Fund also predicted that Germany’s economy would not grow this year, cutting its forecast to 0 percent from 0.2 percent in January. It noted that stronger consumption driven by rising wages and the willingness of the next government in Berlin to take on more debt could have a positive effect on growth.

Growth across the wider eurozone, which includes Germany and 26 other E.U. members, was also scaled down to 0.8 percent from 1 percent, the I.M.F. said.



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Indicted ‘Bitcoin Jesus’ Pays Roger Stone $600,000 to Lobby for Him

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Roger J. Stone Jr., the longtime associate of President Trump’s, has been lobbying for a pioneering cryptocurrency investor known as “Bitcoin Jesus” who is facing federal fraud and criminal tax charges, according to congressional filings.

Mr. Stone filed paperwork last month indicating that he had been retained by Roger Ver, an early Bitcoin investor who was charged last year and accused of shielding his cryptocurrency holdings from $48 million in taxes.

Mr. Stone noted in a filing last week that he had been paid $600,000 by Mr. Ver since early February to help his client’s case, partly by trying to abolish the tax provisions at the heart of the charges.

Mr. Ver, a former California resident who renounced his U.S. citizenship in 2014, was arrested last year in Spain, according to the Justice Department, which announced plans at the time to extradite him.

Mr. Ver disputed the charges, claiming in a social media post in January that he was being threatened with a possible sentence of more than 100 years in prison because of his political views and his role in promoting cryptocurrency.

In the video, which was framed as an appeal to Mr. Trump, Mr. Ver linked his case to the president’s grievances about the weaponization of the justice system.

As footage of former President Joseph R. Biden Jr. and former Vice President Kamala Harris appeared on the screen, Mr. Ver said that “if there’s anybody that knows what it’s like to be the victim of lawfare for spreading American ideals, it’s Donald Trump.”

“They’re doing the exact same thing to me that they’ve done to you,” he added.

Mr. Ver did not respond to a request for comment.

His lobbying, public relations and legal campaign comes as Mr. Trump has embraced cryptocurrency and dialed back efforts to crack down on the industry, which donated millions of dollars to committees raising money for Mr. Trump’s presidential campaign and inauguration.

Mr. Trump’s family is involved in several cryptocurrency-related ventures.

His administration has announced initiatives to stimulate the industry, and has backed away from enforcement against crypto companies. Mr. Trump pardoned a different Bitcoin pioneer who was sentenced to life in prison in 2015 for creating Silk Road, the world’s largest online drug marketplace.

Last month, he also granted pardons to three founders of the cryptocurrency exchange BitMEX who had pleaded guilty in 2022 to violating guidelines in the Bank Secrecy Act, a law that protects against money laundering.

Other figures in the crypto world have been angling for clemency, including Sam Bankman-Fried, the founder of the failed FTX crypto exchange who is serving a 25-year sentence for fraud.

Mr. Ver’s case has become something of a cause célèbre among cryptocurrency enthusiasts, who have called for a pardon.

In December, Mr. Stone’s website posted an essay by an activist titled “Why Roger Ver deserves a presidential pardon.”

In the final month of his first term, Mr. Trump pardoned Mr. Stone’s conviction for obstructing a congressional investigation into Mr. Trump’s 2016 campaign and its possible ties to Russia.

But Mr. Stone told The New York Times that he was not relying on his decades-long relationship with Mr. Trump to help Mr. Ver.

“I have not lobbied any official in the executive branch of government including the president regarding his case or a pardon,” Mr. Stone wrote in a text message. Instead, he indicated that he was hired primarily to advise Mr. Ver’s lawyer.

In court filings, Mr. Ver’s legal team has called the tax laws in question “inscrutably vague as to their application to digital assets of the kind that underlie the charges.” His lawyers have challenged the constitutionality of the so-called “exit tax” requiring Americans to settle tax obligations before renouncing their citizenship.

Prosecutors accused Mr. Ver of concealing the value of his Bitcoin holdings while preparing his expatriation tax filings.

Mr. Stone indicated in his lobbying filings that he had lobbied the House about “ending the exit tax and reform of cryptocurrency tax policy.”

Mr. Stone said in a text message that he had discussed Mr. Ver’s case with lawmakers, and had “at all times advocated reform of the current laws regarding taxes upon expatriation.”



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Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending

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Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for some of the country’s largest consumer-oriented companies.

On Thursday, PepsiCo cut its full-year guidance outlook, citing a reduction in consumer spending as well as the impact the company is feeling from increased global tariffs.

“Relative to where we were three months ago, we probably aren’t feeling as good about the consumer now,” Jamie Caulfield, the chief financial officer of PepsiCo, told Wall Street analysts and investors on an earnings call Thursday morning.

The company, which manufactures Pepsi and Gatorade drinks as well as popular snacks like Doritos and Cheetos, cut its profit forecast for the full year to flat from its earlier guidance that expected earnings growth to be in the mid-single digits. It reported a decline of 1.8 percent in revenue, to $17.9 billion, for the quarter that ended March 22, and a drop of 10 percent in net income, to $1.8 billion, from a year earlier.

PepsiCo’s stock fell more than 4 percent, to $136, by early afternoon.

Comments made on PepsiCo’s earnings call echoed what executives at other consumer companies have said in recent days about how apprehension in the global economy is key to less consumer spending. The pullback has started to weigh on some companies’ revenues and dampen their outlook for the coming months, especially as they try to calculate the costs they’ll incur from the Trump administration’s new or increased tariffs on imported goods.

At Chipotle, same-store sales fell for the first time since 2020 in the most recent quarter, the chain reported this week. Uncertainty about the path forward for the U.S. economy started to affect spending in February, the company said, shortly after President Trump’s inauguration — a trend that continued into April.

“It was all around this idea of saving money, economic uncertainty — they’re eating at home more frequently than they’re eating out,” Scott Boatwright, the burrito chain’s chief executive, said when asked about consumer behavior. The underlying trend, he added, is “really tied to the consumer sitting on the sideline.”

Chipotle also lowered its full-year guidance. Beyond sluggish consumer spending, the chain said it expected Mr. Trump’s tariffs imposed in April — a broad 10 percent duty on many imports and tariffs on aluminum — to raise the company’s food, beverage and packaging costs this year.

Another signal of distress among shoppers: Consumers are doing less laundry to scale back on detergent purchases, an executive from Procter & Gamble, which makes household staples like Tide detergent, told Yahoo Finance.

On Thursday, P.&G. cut its full-year outlook and said whiplash on tariff policy had factored into a “pause” in consumption as consumers also tried to make sense of stock market volatility and job market uncertainty, said Andre Schulten, the company’s chief financial officer.

Signs that economic concerns are starting to affect consumer spending are appearing in the airline industry, too. American Airlines pulled its full-year guidance on Thursday, mirroring a move last month from Delta Air Lines. Robert Isom, the chief executive of American Airlines, told CNBC on Thursday that domestic leisure travel “fell off considerably” starting in February.

The most recent survey from the Conference Board showed consumer confidence tumbling in March to its lowest level since January 2021. Americans are increasingly anxious about their jobs and finances, the business group reported.

Hoping to entice consumers who are tightening wallets, executives at PepsiCo said it was offering less expensive, under $2, individual bags of snacks along with smaller snack packs in stores.

PepsiCo said it had calculated into its lower profit estimates the higher costs associated with the tariffs. “We also factored in some of our mitigation plans, some we will be able to execute more quickly than others,” Mr. Caulfield said on the call on Thursday.

Analysts had been keeping a close eye on the impact that tariffs would have on the food and beverage industry, specifically a 25 percent tariff on imported aluminum.

And while Wall Street analysts have been watching for potential fallout of the Trump administration’s trade wars on sales of American brands in key international markets, specifically Europe and China, PepsiCo said its global markets performed well in the first quarter.

In the United States, the popularity of using Ozempic and other weight-loss drugs has curbed sales for snacks and shifted purchases to smaller portions, Ramon Laguarta, the chief executive of PepsiCo, told analysts.

PepsiCo is also navigating demands by Health Secretary Robert F. Kennedy Jr. This week, Mr. Kennedy declared that “sugar is poison” during a news conference and said he had “an understanding” with major food manufacturers to remove petroleum-based food colorings from their products by the end of 2026.

Mr. Laguarta said that PepsiCo had been an industry leader in reducing sodium and sugar in products and that more than 60 percent of its business was from products with no artificial colors. In the next few years, he added, the company will have “migrated all the portfolio into natural colors or at least provide the consumer with natural color options.”



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Trump Urges Russia to ‘STOP!’ After Deadly Attack on Ukraine’s Capital

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President Trump made an unusually sharp appeal to President Vladimir V. Putin of Russia on Thursday, calling on him to stop his bombing campaign in Ukraine and agree to a peace deal after the deadliest attack on Kyiv in nearly a year.

“Not necessary, and very bad timing. Vladimir, STOP! 5000 soldiers a week are dying. Let’s get the Peace Deal DONE!” Mr. Trump wrote on social media.

Russia’s missile attack came a day after the Trump administration threatened to abandon peace talks if Ukraine did not accept a U.S. peace proposal that heavily favored Russia.

Mr. Trump’s comments were striking because he has mostly avoided even mild criticism of Mr. Putin in his handling of the talks so far. Instead, he has directed most of his anger toward President Volodymyr Zelensky of Ukraine, calling him a “dictator” and describing him as the main impediment to a peace deal.

While Mr. Trump made clear he was running out of patience for the two sides to agree on a peace deal, he also sought to pre-emptively divert blame should the negotiations fall apart, a sign that he is perhaps more pessimistic than he was when he regained the presidency brimming with confidence about his talent as a negotiator.

The Russia-Ukraine war, which Mr. Trump had previously said he could resolve in “24 hours,” was now, he suggested, a matter of great difficulty and complexity.

“This isn’t my war,” Mr. Trump said during a Thursday Oval Office meeting with Norway’s prime minister. “It’s Biden’s war.”

Mr. Trump refused to draw a moral distinction between Russia and Ukraine, or to blame Mr. Putin for his invasion — something he has repeatedly refused to do in his second term.

He reiterated, though, that he was “not happy” with Russia’s deadly attack on Kyiv overnight, which came as the Trump administration demanded that Mr. Zelensky accept a peace settlement that would grant Russia essentially all the territory it had gained in the war, while offering Ukraine tenuous security assurances from the Europeans.

The plan, which would also block Ukraine from ever joining NATO, was rejected by Mr. Zelensky, infuriating Mr. Trump.

Pressed about what concessions Russia had offered, Mr. Trump said that it had agreed to stop “taking the whole country.” Mr. Putin’s military has failed to make any significant territorial gains recently.

Mr. Trump added that it would be hard for Ukraine to gain back the territory it had lost during Russian invasions that took place during the presidencies of Barack Obama and Joseph R. Biden Jr. Ukraine getting back Crimea, which Russia annexed in 2014, would be “a very difficult thing to do,” he said. But Mr. Trump claimed that he was “using a lot of pressure” behind the scenes on both Russia and Ukraine.

Senior administration officials, including Secretary of State Marco Rubio, have signaled that Mr. Trump is getting impatient and might walk away from the negotiations if Russia and Ukraine do not come to an agreement soon. If the United States withdraws from the talks, and cuts off its supply of weapons to the Ukrainian military, Mr. Putin would have a greater chance of capturing more of the country.

When a reporter on Thursday asked Mr. Trump whether he would impose new sanctions on Russia after the overnight bombing of Kyiv, Mr. Trump declined to say, adding only that he should be asked again in a week. He said that he wanted to see what progress his team could make through negotiations.

Mark Rutte, NATO’s secretary general, also met with Mr. Trump on Thursday at the White House, to discuss the war in Ukraine and an upcoming NATO summit. Mr. Rutte said afterward that he had a “very good meeting” with Mr. Trump, and that he did not think the United States would walk away from the Russia-Ukraine talks.

While Mr. Trump has said he believes Mr. Putin wants to make peace, Mr. Rutte said on Thursday that he did “not know” whether that was the case.

“There is something on the table now, I think, where Ukrainians are really playing ball, and I think the ball is clearly in the Russian court,” Mr. Rutte added.

Mr. Trump on Thursday also raised expectations for another difficult diplomatic effort his administration is undertaking this weekend with a hostile foreign government, when an American negotiating team begins technical talks with the Iranians in Oman.

“I think we’re doing very well on that, an agreement with Iran,” Mr. Trump said.

The Israeli government has been pushing Mr. Trump to support a military campaign that would destroy Iran’s nuclear facilities. The president has so far withheld his support for Israel’s mission, preferring to give diplomacy a chance. But he has also insisted that he will never allow Iran to obtain a nuclear weapon.



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Publisher of PCMag and Mashable Sues OpenAI

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Ziff Davis, the digital publisher behind tech sites like Mashable, PCMag and Lifehacker, sued OpenAI on Thursday, joining a wave of media companies accusing the artificial intelligence giant of stealing its content.

Ziff Davis is one of the largest publishers in the United States, with more than 45 sites globally that together attract an average of 292 million visitors per month, and is among the biggest media companies pressing a claim against OpenAI.

(The New York Times has sued OpenAI and its partner, Microsoft, claiming copyright infringement of news content related to A.I. systems. The two companies have denied the suit’s claims.)

In a 62-page complaint filed in federal court in Delaware, where OpenAI is incorporated, Ziff Davis says the tech company has “intentionally and relentlessly reproduced exact copies and created derivatives of Ziff Davis works,” infringing on the publisher’s copyrights and diluting its trademarks. It claims that OpenAI used Ziff Davis content to train its artificial intelligence models and generate responses through its popular ChatGPT chatbot.

“OpenAI has taken each of these steps knowing that they violate Ziff Davis’s intellectual property rights and the law,” the complaint says.

The company is seeking at least hundreds of millions of dollars in its lawsuit, according to two people familiar with the matter.

A spokesman for OpenAI said in a statement that its models were “grounded in fair use,” referring to the legal standard for use of copyrighted material.

“ChatGPT helps enhance human creativity, advance scientific discovery and medical research, and enable hundreds of millions of people to improve their daily lives,” the statement said.

Many executives in the publishing industry, which was profoundly disrupted by the widespread adoption of technologies such as search and social media, have regarded the growing popularity of artificial intelligence with increasing unease. Powerful A.I. systems built by companies like OpenAI have been trained on copyrighted content, drawing an outcry from many media companies.

Those companies have generally responded in one of two ways: striking deals to license their content to companies like OpenAI for millions of dollars, as in the case with News Corp, the publisher of The Wall Street Journal, or filing lawsuits to seek damages and reaffirm their rights to intellectual property.

Many of those claims are still working their way through courts. This month, a U.S. judicial panel consolidated several claims against OpenAI, including the one brought by The Times.

Executives at Ziff Davis have been considering for months which path to take, one of the people said. The company decided to sue, in part, in the hope that other publishers would follow.



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