logo
Trump says he hasn't been asked to pardon Maxwell, Santos, likely won't pardon Diddy

Trump says he hasn't been asked to pardon Maxwell, Santos, likely won't pardon Diddy

Yahoo5 days ago
President Trump said he hasn't been asked to pardon disgraced financier Jeffrey Epstein's longtime associate Ghislaine Maxwell or former Rep. Geroge Santos (R-N.Y.), adding that he likely would not give a pardon to rapper Sean 'Diddy' Combs.
The president was asked about the three individuals serving prison sentences in a Newsmax interview that aired on Friday.
'They have talked to me about Sean, but they haven't talked to me about the two,' he told host Rob Finnerty.
When asked if he would grant clemency for Maxwell — who is serving a 20-year prison sentence — in exchange for her testimony, Trump replied, 'I'm allowed to do it. But nobody's asked me to do it.'
'I know nothing about it. I don't know anything about the case, but I know I have the right to do it,' the president continued. 'I have the right to give pardons. I've given pardons to people before, but nobody's even asked me to do it.'
The president has previously said he hadn't thought about a pardon for Maxwell, who recently met with Deputy Attorney General Todd Blanche as the administration faces increasing pressure to release more information from the Epstein files. An attorney for the convicted sex offender also has said he hasn't talked to Trump about a potential pardon.
The Justice Department earlier last month released a memo concluding Epstein, a convicted sex offender, died by suicide and did not keep a client list, leading to massive outrage from within the Republican Party.
Meanwhile, Trump also didn't rule out a pardon for Santos, who surrendered for a 7-year sentence last week after pleading guilty to federal wire fraud and identity theft charges.
The president said, 'He lied like hell.'
'And I didn't know him, but he was 100 percent for Trump,' he continued, adding that 'his vote was solid' when he was in Congress.
The president also said that no one has talked to him about a pardon for the former GOP lawmaker, who was expelled from the House in 2023. Santos has said he will be seeking clemency from Trump.
'You know, you could blame the other side for not checking him out,' Trump told Finnerty. 'He didn't do all those things that he said… you could say the media missed it. Everybody missed it. They found out about this stuff after the election was won.'
On if he would consider a pardon for Combs, who was acquitted last month of sex trafficking and racketeering and convicted of lesser prostitution-related offenses, Trump said Combs is 'half innocent.'
He cited though that the rapper was friendly to him before his political career and then didn't support him when he ran for president.
'I was very friendly with him. I got along with him great, and he seemed like a nice guy. I didn't know him well. But when I ran for office, he was very hostile,' Trump told Newsmax 'And it's hard, you know? I'm like you, we're human beings, right? And we don't like to have things cloud our judgment, right?'
'But when you knew someone and you were fine and then you run for office and he made some terrible statements, so I don't know, it's more difficult,' the president added. 'It makes it more — I'm being honest — it makes it more difficult to do.'
When asked if it's more likely that he would not grant Combs clemency, Trump replied, 'I would say so.'
Before the rapper was convicted, Trump said he'd 'look at the facts' when pressed on a pardon for him.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stock market today: Dow, S&P 500, Nasdaq climb as Wall Street eyes Trump moves on Fed
Stock market today: Dow, S&P 500, Nasdaq climb as Wall Street eyes Trump moves on Fed

Yahoo

time2 minutes ago

  • Yahoo

Stock market today: Dow, S&P 500, Nasdaq climb as Wall Street eyes Trump moves on Fed

US stocks rose on Friday as Wall Street assessed President Trump's nomination of Stephen Miran to the Federal Reserve Board of Governors and took in his new regime of sweeping tariffs. The Dow Jones Industrial Average (^DJI) rose 0.5%, and the benchmark S&P 500 (^GSPC) gained 0.7%. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.8%. Gold futures (GC=F) in New York rose above London prices on Friday after the Financial Times reported that the US now plans to put tariffs on gold bar imports. Stocks had traded mixed during the day on Thursday as investors assessed a reshaped trade landscape after Trump's deadline for countries to strike deals on tariffs expired, setting in motion higher duties on dozens of countries worldwide. The indexes trimmed earlier losses following Trump's nomination of Stephen Miran, current chairman of the Council of Economic Advisors, to serve on the Fed board. Read more: The latest on Trump's tariffs Miran's nomination must pass Senate approval, and it's unclear how long that might take with lawmakers on August recess. Trump's decision on Miran also underscored his search for the next Fed chair. He has talked up the "two Kevins" — current economic adviser Hassett and former Fed governor Warsh — and a report on Thursday said current governor Christopher Waller is seen as the favorite by Trump's team. Amid all the jockeying, about 90% of bets are on the current Fed to cut rates in September. This week has been a bumpy ride for Wall Street. Monday opened with markets recovering from a disappointing slew of job data that stoked fears of broader economic troubles and led to increased rate cut bets. Corporate earnings and the question of how companies like Apple (AAPL) might weather Trump's latest tariffs largely drove investor sentiment throughout the week. Trump's tariffs are pummeling top automakers. The hit is $11.7 billion — and climbing The auto sector is taking President Trump's tariffs on the chin, Yahoo Finance's Pras Subramanian reports. Subramanian writes: Read the full story here. Altcoins rally after Ripple's stablecoin acquisition, Chainlink's reserve launch Altcoins were rallying early Friday following news that Ripple ( would buy a stablecoin payments platform and Chainlink will launch a funded reserve for its own tokens, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers Trade Desk (TTD) stock fell by more than a third during premarket trading on Friday after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. If losses hold, the decline in Trade Desk stock would wipe out more than $12 billion from the company's market capitalization. The stock was off by 38% just after the opening bell. The Trade Desk, which specializes in helping advertisers buy and optimize digital ad campaigns, has concentrated on large global advertisers, making them more vulnerable to tariff uncertainty. "The impact of tariffs and related policies on these [large] businesses are very real," Green said on the earnings call. "Most others rely heavily on SMBs, and our platform is largely concentrated on the large global advertisers. So we see the effects that are directly impacting them." "I would argue that this is a short-term negative," he added, noting that the company's focus on large companies "is almost always a positive, but just in this moment, it's negative because of how uniquely they're being affected by the tariffs and related policies." The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. Stocks rise at the open US stocks moved higher at the open on Friday as investors continued to digest President Trump's sweeping tariffs and absorbed his nomination of Stephen Miran to the Federal Reserve Board of Governors. The Dow Jones Industrial Average (^DJI) rose 0.3%, while those on the benchmark S&P 500 (^GSPC) gained 0.35%. The tech-heavy Nasdaq Composite (^IXIC) also gained nearly 0.4%. Gold rises after US Customs determines the metal is subject to Trump's tariffs Gold (GC=F) prices rose 0.85% on Friday to $3,483 per ounce as the industry learned that gold bars are not exempt from President Trump's latest across-the-board tariffs, which went into effect Thursday, as previously thought. Bloomberg reports: Read more here. SoundHound stock soars on record revenue fueled by AI, automation demand SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 2% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. Good morning. Here's what's happening today. Economic calendar: No notable releases. Earnings: Canopy Growth (CGC), fuboTV (FUBO), Wendy's (WEN) Here are some of the biggest stories you may have missed overnight and early this morning: Apple is back on Trump's good side. The cost? $600 billion. Not everyone on Wall Street is still convinced a cut is coming Trump's tariffs hit automakers with $11.7B blow — and rising Tesla disbands Dojo supercomputer team in blow to AI effort US sparks fresh turmoil in gold with surprise tariff Firefly stock loses altitude after sizzling stock market debut TSMC's July sales grow 26% on sustained demand for AI chips Under Armour forecasts downbeat quarterly sales, shares drop Intel CEO dogged by decades of China chip bets, board work China defends buying Russian oil after Trump's tariff threat SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push Tesla CEO Elon Musk disbands Dojo supercomputer team Tesla (TSLA) stock fell 0.2% in premarket trading following news that CEO Elon Musk is shutting down the company's Dojo team, its multibillion-dollar supercomputer unit that was viewed as central to the company's AI efforts. Bloomberg reports that Peter Bannon, who was heading up Dojo, is leaving Tesla. Dojo also lost about 20 workers recently to DensityAI, a stealth startup created by ex-Tesla executives. The remaining Dojo employees are being reassigned to other compute projects within Tesla. Musk previously called Dojo "a long shot," but one worth taking. Now, Tesla plans to rely on partners like Nvidia (NVDA) and Advanced Micro Devices (AMD) for training its AI models and machine learning that go into electric vehicles' Full Self-Driving software and Optimus robots. Tesla also announced a $16.5 billion deal last month with Samsung to secure AI chips through 2033. Read more here. Under Armour forecasts downbeat quarterly sales, shares drop Under Armour (UA) stock slumped 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. New York gold futures spike over spot price after tariff shock Gold futures (GC=F) in New York rose above London prices after the FT reported that the US now plans to put tariffs on 1kg gold bar imports. Bloomberg News reports: Read more here. Oil heads for worst run since 2021 as traders discount US curbs Oil is heading for its longest losing run since 2021, as markets digested the US efforts to try and end the war in Ukraine and whether this would not impact overall supplies, alongside Trump's tariffs on India due to its purchase of Russian crude oil. Bloomberg News reports: Read more here. Trump's tariffs are pummeling top automakers. The hit is $11.7 billion — and climbing The auto sector is taking President Trump's tariffs on the chin, Yahoo Finance's Pras Subramanian reports. Subramanian writes: Read the full story here. The auto sector is taking President Trump's tariffs on the chin, Yahoo Finance's Pras Subramanian reports. Subramanian writes: Read the full story here. Altcoins rally after Ripple's stablecoin acquisition, Chainlink's reserve launch Altcoins were rallying early Friday following news that Ripple ( would buy a stablecoin payments platform and Chainlink will launch a funded reserve for its own tokens, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Altcoins were rallying early Friday following news that Ripple ( would buy a stablecoin payments platform and Chainlink will launch a funded reserve for its own tokens, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers Trade Desk (TTD) stock fell by more than a third during premarket trading on Friday after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. If losses hold, the decline in Trade Desk stock would wipe out more than $12 billion from the company's market capitalization. The stock was off by 38% just after the opening bell. The Trade Desk, which specializes in helping advertisers buy and optimize digital ad campaigns, has concentrated on large global advertisers, making them more vulnerable to tariff uncertainty. "The impact of tariffs and related policies on these [large] businesses are very real," Green said on the earnings call. "Most others rely heavily on SMBs, and our platform is largely concentrated on the large global advertisers. So we see the effects that are directly impacting them." "I would argue that this is a short-term negative," he added, noting that the company's focus on large companies "is almost always a positive, but just in this moment, it's negative because of how uniquely they're being affected by the tariffs and related policies." The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. Trade Desk (TTD) stock fell by more than a third during premarket trading on Friday after CEO Jeff Green warned that tariff uncertainty began to weigh on some leading global advertisers. If losses hold, the decline in Trade Desk stock would wipe out more than $12 billion from the company's market capitalization. The stock was off by 38% just after the opening bell. The Trade Desk, which specializes in helping advertisers buy and optimize digital ad campaigns, has concentrated on large global advertisers, making them more vulnerable to tariff uncertainty. "The impact of tariffs and related policies on these [large] businesses are very real," Green said on the earnings call. "Most others rely heavily on SMBs, and our platform is largely concentrated on the large global advertisers. So we see the effects that are directly impacting them." "I would argue that this is a short-term negative," he added, noting that the company's focus on large companies "is almost always a positive, but just in this moment, it's negative because of how uniquely they're being affected by the tariffs and related policies." The Trade Desk's second quarter earnings of $0.18 per share were in line with analyst estimates. Revenue of $694 million beat analyst estimates of $686 million, according to S&P Global Market Intelligence. The company expects third quarter revenue of at least $717 million, roughly in line with estimates. Read more here. Stocks rise at the open US stocks moved higher at the open on Friday as investors continued to digest President Trump's sweeping tariffs and absorbed his nomination of Stephen Miran to the Federal Reserve Board of Governors. The Dow Jones Industrial Average (^DJI) rose 0.3%, while those on the benchmark S&P 500 (^GSPC) gained 0.35%. The tech-heavy Nasdaq Composite (^IXIC) also gained nearly 0.4%. US stocks moved higher at the open on Friday as investors continued to digest President Trump's sweeping tariffs and absorbed his nomination of Stephen Miran to the Federal Reserve Board of Governors. The Dow Jones Industrial Average (^DJI) rose 0.3%, while those on the benchmark S&P 500 (^GSPC) gained 0.35%. The tech-heavy Nasdaq Composite (^IXIC) also gained nearly 0.4%. Gold rises after US Customs determines the metal is subject to Trump's tariffs Gold (GC=F) prices rose 0.85% on Friday to $3,483 per ounce as the industry learned that gold bars are not exempt from President Trump's latest across-the-board tariffs, which went into effect Thursday, as previously thought. Bloomberg reports: Read more here. Gold (GC=F) prices rose 0.85% on Friday to $3,483 per ounce as the industry learned that gold bars are not exempt from President Trump's latest across-the-board tariffs, which went into effect Thursday, as previously thought. Bloomberg reports: Read more here. SoundHound stock soars on record revenue fueled by AI, automation demand SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 2% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. SoundHound AI (SOUN) reported record revenue in its second quarter results, as its expansion into new verticals, such as restaurants and hospitals, helped fuel 217% year-over-year revenue growth. The stock rocketed 2% higher in premarket trading on Friday. SoundHound develops artificial intelligence solutions that businesses use for automation and to create conversational experiences for their customers. In Q2, SoundHound reported strong growth in its automation, automotive, and enterprise AI for customer service verticals. The company posted a GAAP loss of $0.19 per share on $42.7 million in revenue. Last year, SoundHound reported a loss of $0.11 per share and revenue of $13 million. SoundHound also raised its 2025 revenue outlook to $160 million to $178 million, up from its previous forecast of $157 million to $177 million. "The investments we are making are already showing high returns," SoundHound CFO Nitesh Sharan said on the company's earnings call. Sharan noted that the company sees a path to profitability "in the near-term horizon. Listen to the earnings call here. Good morning. Here's what's happening today. Economic calendar: No notable releases. Earnings: Canopy Growth (CGC), fuboTV (FUBO), Wendy's (WEN) Here are some of the biggest stories you may have missed overnight and early this morning: Apple is back on Trump's good side. The cost? $600 billion. Not everyone on Wall Street is still convinced a cut is coming Trump's tariffs hit automakers with $11.7B blow — and rising Tesla disbands Dojo supercomputer team in blow to AI effort US sparks fresh turmoil in gold with surprise tariff Firefly stock loses altitude after sizzling stock market debut TSMC's July sales grow 26% on sustained demand for AI chips Under Armour forecasts downbeat quarterly sales, shares drop Intel CEO dogged by decades of China chip bets, board work China defends buying Russian oil after Trump's tariff threat SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push Economic calendar: No notable releases. Earnings: Canopy Growth (CGC), fuboTV (FUBO), Wendy's (WEN) Here are some of the biggest stories you may have missed overnight and early this morning: Apple is back on Trump's good side. The cost? $600 billion. Not everyone on Wall Street is still convinced a cut is coming Trump's tariffs hit automakers with $11.7B blow — and rising Tesla disbands Dojo supercomputer team in blow to AI effort US sparks fresh turmoil in gold with surprise tariff Firefly stock loses altitude after sizzling stock market debut TSMC's July sales grow 26% on sustained demand for AI chips Under Armour forecasts downbeat quarterly sales, shares drop Intel CEO dogged by decades of China chip bets, board work China defends buying Russian oil after Trump's tariff threat SoftBank buys Foxconn's Ohio plant to jumpstart Stargate AI push Tesla CEO Elon Musk disbands Dojo supercomputer team Tesla (TSLA) stock fell 0.2% in premarket trading following news that CEO Elon Musk is shutting down the company's Dojo team, its multibillion-dollar supercomputer unit that was viewed as central to the company's AI efforts. Bloomberg reports that Peter Bannon, who was heading up Dojo, is leaving Tesla. Dojo also lost about 20 workers recently to DensityAI, a stealth startup created by ex-Tesla executives. The remaining Dojo employees are being reassigned to other compute projects within Tesla. Musk previously called Dojo "a long shot," but one worth taking. Now, Tesla plans to rely on partners like Nvidia (NVDA) and Advanced Micro Devices (AMD) for training its AI models and machine learning that go into electric vehicles' Full Self-Driving software and Optimus robots. Tesla also announced a $16.5 billion deal last month with Samsung to secure AI chips through 2033. Read more here. Tesla (TSLA) stock fell 0.2% in premarket trading following news that CEO Elon Musk is shutting down the company's Dojo team, its multibillion-dollar supercomputer unit that was viewed as central to the company's AI efforts. Bloomberg reports that Peter Bannon, who was heading up Dojo, is leaving Tesla. Dojo also lost about 20 workers recently to DensityAI, a stealth startup created by ex-Tesla executives. The remaining Dojo employees are being reassigned to other compute projects within Tesla. Musk previously called Dojo "a long shot," but one worth taking. Now, Tesla plans to rely on partners like Nvidia (NVDA) and Advanced Micro Devices (AMD) for training its AI models and machine learning that go into electric vehicles' Full Self-Driving software and Optimus robots. Tesla also announced a $16.5 billion deal last month with Samsung to secure AI chips through 2033. Read more here. Under Armour forecasts downbeat quarterly sales, shares drop Under Armour (UA) stock slumped 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. Under Armour (UA) stock slumped 12% before the bell on Friday after the sportswear maker forecast second-quarter revenue below Wall Street estimates. The company is grappling with muted demand in North America due to still-high inflation and tariff uncertainty. Reuters reports: Read more here. New York gold futures spike over spot price after tariff shock Gold futures (GC=F) in New York rose above London prices after the FT reported that the US now plans to put tariffs on 1kg gold bar imports. Bloomberg News reports: Read more here. Gold futures (GC=F) in New York rose above London prices after the FT reported that the US now plans to put tariffs on 1kg gold bar imports. Bloomberg News reports: Read more here. Oil heads for worst run since 2021 as traders discount US curbs Oil is heading for its longest losing run since 2021, as markets digested the US efforts to try and end the war in Ukraine and whether this would not impact overall supplies, alongside Trump's tariffs on India due to its purchase of Russian crude oil. Bloomberg News reports: Read more here. Oil is heading for its longest losing run since 2021, as markets digested the US efforts to try and end the war in Ukraine and whether this would not impact overall supplies, alongside Trump's tariffs on India due to its purchase of Russian crude oil. Bloomberg News reports: Read more here. Sign in to access your portfolio

Ammunition Depot Issues Update on California Ammunition Sales - Ninth Circuit Victory on Hold as State Seeks En Banc Review
Ammunition Depot Issues Update on California Ammunition Sales - Ninth Circuit Victory on Hold as State Seeks En Banc Review

Yahoo

time2 minutes ago

  • Yahoo

Ammunition Depot Issues Update on California Ammunition Sales - Ninth Circuit Victory on Hold as State Seeks En Banc Review

Ninth Circuit Victory on Hold as California Seeks En Banc Rehearing BOCA RATON, Fla., Aug. 8, 2025 /PRNewswire/ -- In a major Second Amendment ruling, a three-judge panel of the Ninth Circuit Court of Appeals has struck down California's 2016 law requiring background checks for ammunition purchases and prohibiting direct mail-order sales, declaring those laws unconstitutional. . The decision, issued in Rhode v. Bonta, marks a significant victory for Ammunition Depot, the California Rifle & Pistol Association (CRPA) and fellow plaintiffs challenging those laws. However, California officials have now moved to challenge that ruling by seeking a rehearing en banc (full court review) at the Ninth Circuit, which means the panel's decision will not take effect immediately. As a result, California's current ammunition regulations, including in-store background checks and restrictions on direct shipments of ammo, remain in force pending further court proceedings. Under the still-operative law (Proposition 63, passed in 2016), California residents must buy ammunition through in-state licensed dealers and undergo a background check for each purchase, which effectively bans direct online ammo sales to homes. Ammunition Depot is urging its California customers to remain patient and continue following all current state laws regarding ammunition transactions while the legal process unfolds. Under the California DOJ's interpretation, the state's ammunition restrictions remain in effect while the case proceeds. The company will immediately begin direct shipments to California customers if and when the court's mandate is allowed to take effect, but that cannot happen unless Ammunition Depot prevails in the next phase of the case. "We know this is frustrating for California gun owners who were hopeful the recent court decision would restore their ammo buying freedom right away," said Seth Weinstein, Founder & Managing Partner of Ammunition Depot. "Unfortunately, the victory is on hold because the State of California is fighting tooth and nail to keep these restrictions in place. We respect the legal process, but believe Californians' rights should not be delayed any longer. Our customers in California have waited years for relief, and we're not about to give up now, we'll continue this fight to its finish." The California Attorney General has formally requested that a larger panel of Ninth Circuit judges reexamine the case. This next phase of the case could take several months, depending on whether en banc review is granted and how quickly the court acts. First, the active judges of the Ninth Circuit will decide whether to grant en banc review. If granted, an 11-judge panel will be convened to rehear the case, likely later this year or in early 2026. Because California has now filed for en banc review, the panel's ruling will not take effect unless that petition is denied or resolved. The mandate remains pending, and the 2016 California ammunition laws continue to be enforced during this stage of the appeal. "We anticipated that California would not back down easily, and we are fully prepared to see this through," Weinstein continued. "The Ninth Circuit's decision was a huge win for the Constitution and millions of law-abiding Californians, and we remain confident that win will ultimately prevail, whether at an en banc hearing or at the Supreme Court. California's leaders have made it clear they won't back down, and neither will we. We owe it to our customers and all Californians to keep fighting until their rights are restored." In the meantime, Ammunition Depot will continue to keep California customers informed. The company previously celebrated the Ninth Circuit panel's ruling as a historic affirmation of Second Amendment rights, and it remains a lead plaintiff in defending that ruling through the next stages of Weinstein emphasized that California customers must still abide by current law until the case is fully resolved. "California law remains unchanged for now," said Weinstein. "We urge all California customers to continue purchasing ammunition through licensed in-state channels. We know it's frustrating, but we don't want anyone caught in a legal gray area. If you attempt to order from us today, we regret that we are still unable to ship to you under the current law. But hang tight; we are hopeful that day is coming. We have fought for years to make online ammo sales to California legal again, and we are not stopping now." Ammunition Depot will provide additional updates as soon as the Ninth Circuit or Supreme Court provides clarity on the next steps. The company remains optimistic that the result will be a permanent victory for California gun owners. "We've come this far, and the momentum is on our side," Weinstein said. "It may take a bit more time, but we believe freedom will win out. We want to thank all our customers for their support and patience. We promise to notify everyone as soon as we are legally able to resume shipments to California. That day will be cause for celebration, not just for our company, but for everyone who values the Second Amendment." About Ammunition Depot: Founded in 2011, Ammunition Depot is one of the largest online retailers and suppliers of ammunition, firearms, and tactical gear in the United States. The company is dedicated to offering the best products at competitive prices while promoting and protecting the Second Amendment rights of all Americans. For more information, please visit PR Contact:Ammunition DepotJeff WisotPhone: (561) 381-9526Email: Or Murray Road AgencyJonathan HarlingEmail: View original content to download multimedia: SOURCE Ammunition Depot 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤

An EPA proposal could lead U.S. auto makers to shift their strategy on EVs
An EPA proposal could lead U.S. auto makers to shift their strategy on EVs

Yahoo

time2 minutes ago

  • Yahoo

An EPA proposal could lead U.S. auto makers to shift their strategy on EVs

A new Environmental Protection Agency (EPA) proposal to revoke a landmark greenhouse gas finding could reshape the auto industry, which until now has had to abide by strict emissions guidelines. The EPA on July 29 announced it is planning to revoke an "endangerment finding" from 2009 that has served as the legal and scientific basis for the agency's regulation of greenhouse gas emissions across multiple industries, including motor vehicles, power plants, oil and gas producers and aircraft. The proposal, which still needs to go through a public comment period, focuses on regulations affecting the auto industry. If passed, it would repeal all greenhouse gas standards for light-, medium- and heavy-duty vehicles and heavy-duty engines. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service "With this proposal, the Trump EPA is proposing to end 16 years of uncertainty for auto makers and American consumers," Lee Zeldin, the administrator of EPA, stated in the announcement. Strict standards for emissions and fuel efficiency introduced during the Obama administration and expanded during the Biden administration, which also provided generous EV funding, has led many auto makers to add electric vehicles to their fleets in recent years. Others, like Volvo, have taken things a step further and committed to a fully electric future. But the landscape is shifting under President Trump, who has pushed forward a deregulatory agenda. Experts say that if this proposal passes, it will ease pressure on auto makers to produce electric cars, enabling them to adapt their mix of EV and gas-powered vehicle offerings to meet consumer demand. "It gives auto makers a little bit better ability to build, to produce and put vehicles on market that are more closely aligned with the pace of electric adoption right now," said Stephanie Brinley, a principal automotive analyst at S&P Global. John Bozzella, president and CEO Alliance for Automotive Innovation, which represents most of the major car manufacturers in the U.S., said in an email to CBS MoneyWatch that the trade association is reviewing the announcement. "At the same time," he added, "there's no question the vehicle emissions regulations finalized under the previous administration aren't achievable and should be revised to reflect current market conditions, to keep the auto industry in America competitive, and to keep the industry on a path of vehicle choice and lower emissions." A spokesperson from the EPA said Congress never explicitly gave EPA authority to impose greenhouse gas regulations for cars and trucks and that the agency's proposal to revoke the endangerment finding "does not prohibit vehicle manufacturers from developing EVs or different vehicles." Focus on consumer demand Experts say that even amid a shifting regulatory landscape, consumer preference will continue to drive auto makers' decisions. "Their focus is going to be on making vehicles more affordable and dealing with the fact that consumers, not the government, are standing in the way of the mass adoption for EVs," Patrick Anderson, founder of Michigan-based consulting firm Anderson Economic Group. The rate of electric vehicle adoption has been steady over the last several years, although the majority of Americans still fuel their cars at the pump. Demand for the vehicles has waned over the last year, according to data on light vehicle registration from S&P Global Mobility. From January to May, the electric vehicle market share was 7.3%, compared with 8% for the entire year of 2024, data from the auto intelligence provider shows. But while consumer demand may have stalled slightly over the past year, auto makers will still want to offer low-emissions products in order to stay competitive both at home and abroad, Ivan Drury, director of insights at online car marketplace Edmunds, told CBS MoneyWatch. "Every auto maker is a global competitor, and even though they might not be selling as well here, they could sell elsewhere better," he said. Impact would take time Experts say the proposal, if passed, wouldn't drastically change any near-term plans of auto makers, given the time and money they have already invested in their product lines. "If had already planned to build X number of this kind of vehicle, you can change that, but not necessarily tomorrow," said Brinley. "So that's gonna have to be planned out." Product development cycles at car manufacturers span five to 10 years, according to a report from Eurasia Group, a global research firm. The exact strategy and speed with which companies make changes would vary from auto maker to auto maker, according to experts. "For now, auto makers would enjoy the flexibility and lower costs from less stringent emissions limits, particularly in their nonelectric fleet planning," the report from Eurasia says. There are concerns among some companies that the EPA's proposal, if passed, would inject a degree of chaos into industry, David Victor, a professor at University of California San Diego, told CBS MoneyWatch. Also, the rule-making process will likely be challenged in the courts, he said. "[Auto makers] will not get a reliable new set of rules anytime soon," said Victor. The EPA is holding a virtual public hearing on the proposed rule on Aug. 19-20, with a public comment period open through Sept. 15. Global stock markets react to Trump's sweeping tariffs in effect now Sean "Diddy" Combs wants to go back to Madison Square Garden in the future, attorney says Neil deGrasse Tyson weighs in on plans for a moon-based nuclear reactor

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store