
Trump says he's 'very disappointed' with Musk
Trump says he's 'very disappointed' with Musk
June 5, 2025 | 5:28 PM GMT
President Donald Trump on June 5 said he was unsure about his future relationship with Elon Musk after the tech mogul criticized the One Big Beautiful Bill.
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Nevada Supreme Court approves Jon Gruden appeal in NFL lawsuit, blocks arbitration
The Nevada Supreme Court has sided with Jon Gruden in an appeal, marking the latest victory in his ongoing lawsuit against the NFL. The decision, which was made official on Monday, blocks the NFL from sending the case into arbitration. One of the issues at hand was an arbitration clause in the NFL's constitution, which the league argued kept Gruden from being able to make the lawsuit public. But on Monday, the Nevada Supreme Court ruled 5-2 in favor of the former Las Vegas Raiders coach, finding that the clause is "unconscionable" and does not apply to Gruden, as he is a former employee, via NBC's Mike Florio. Gruden sued the NFL shortly after resigning from the Raiders in 2021, but his latest legal battles have been around the manner of the lawsuit. Gruden has wanted his trial to be public, as part of a quest to expose what he believes were deliberate leaks in the NFL; the league, meanwhile, wanted a closed-door arbitration. Gruden originally won before a trial court, but a Nevada Supreme Court panel overturned the ruling in May 2024 as part of a lengthy appeal. Per court documents, Gruden's lawyers filed for a rehearing on the appeal last summer, which was denied. A month later, they filed for an en banc reconsideration, which was granted in October. The panel officially sided with Gruden on Monday. The NFL has yet to comment on Gruden's latest legal victory, but it is likely that the league will appeal the ruling in the U.S. Supreme Court, which may or may not decide to hear the case. Gruden sought public lawsuit in court to expose 'the truth' Gruden resigned from his job as Raiders head coach in 2021 after a New York Times report exposed his email exchanges with former Washington Football Team executive Bruce Allen, among others, that showed his use of racist, anti-gay and misogynistic language. Gruden sued the NFL and commissioner Roger Goodell in 2021, accusing them of plotting to destroy his career via a "malicious and orchestrated campaign" by leaking those emails. The emails surfaced from an investigation into the Washington Commanders and then-team owner Dan Snyder. The lawsuit argues that Gruden was targeted in the alleged leaks and that "there is no explanation or justification" for why the correspondence of others in the league was not exposed. Gruden had previously vowed that "the truth will come out" regarding unnamed others around the NFL. NFL sought closed-door arbitration The NFL has since made multiple attempts to strike down the lawsuit, arguing that a clause in Gruden's contract with the Raiders requires him to seek dispute settlement via arbitration. Gruden's attorneys have argued that the clause doesn't apply since he his no longer an employee of the Raiders and that his dispute is with the NFL, not the Raiders. In 2022, Nevada 8th Judicial District Court Judge Nancy Allf denied the NFL's effort to dismiss the lawsuit and ruled that the case could continue in open court. NFL spokesman Brian McCarthy dismissed Gruden's lawsuit as meritless after the district court ruling and vowed to appeal. 'The allegations are entirely meritless and the NFL will vigorously defend against these claims,' McCarthy's 2022 statement reads.

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Sinclair launches strategic review of broadcast unit, weighs spinoff of Ventures
(Reuters) -Sinclair said on Monday its board has authorized a strategic review of the company's broadcast business and it is considering a separation of its Ventures portfolio, sending its shares up 15% in extended trading. The review comes as media companies are exploring options for their cable TV businesses, as audiences rapidly abandon linear TV in favor of streaming platforms. Sinclair owns, operates and provides services to 178 television stations in 81 markets. The Ventures portfolio is comprised of Sinclair's private equity and real-estate assets, a cable network that includes coverage of most of tennis' top tournaments called the Tennis Channel, as well as its ad tech unit, Digital Remedy. "We expect separating Ventures will crystallize significant value that the market has overlooked within our current structure, giving us even more flexibility to drive our broadcast strategy forward," CEO Chris Ripley said. The Ventures business made nearly $11 million in minority investments during the second quarter. The company cautioned that the strategic review may not result in any transaction or change. For the quarter ended June 30, Sinclair's total revenues decreased 5% to $784 million. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Trump meets with Intel CEO after demanding he resign
US President Donald Trump on Monday said he had a "very interesting" meeting with the chief of US chip maker Intel, just days after calling for his resignation. Trump said on his Truth Social platform that he met with Lip-Bu Tan along with Secretary of Commerce Howard Lutnick and Secretary of Treasury Scott Bessent. "The meeting was a very interesting one," Trump said in the post. "His success and rise is an amazing story." Trump added that members of his cabinet are going to spend time with Tan and bring the president "suggestions" next week. Intel did not respond to a request for comment. Trump demanded last week that the recently-hired boss of Intel resign "immediately," after a Republican senator raised national security concerns over his links to firms in China. "The CEO of INTEL is highly CONFLICTED and must resign, immediately. There is no other solution to this problem," Trump posted on Truth Social last Thursday. Tan released a statement at the time saying that the company was engaged with the Trump administration to address the concerns raised and ensure officials "have the facts." Intel is one of Silicon Valley's most iconic companies but its fortunes have been dwarfed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business. In a statement, Tan said there has been "a lot of misinformation circulating" about his past roles at Walden International and Cadence Design Systems. "I have always operated within the highest legal and ethical standards," Tan said. The Malaysia-born tech industry veteran took the helm at struggling Intel in March, announcing layoffs as White House tariffs and export restrictions muddied the market. Intel's niche has been chips used in traditional computing processes, which are steadily being eclipsed by the AI revolution. gc/bjt Sign in to access your portfolio