Mongolia gets a new prime minister who pledged to address the economic demands of protesters
Lawmakers approved former parliament speaker Zandanshatar Gombojav as prime minister by an overwhelming majority in a vote late Thursday night.
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Yahoo
22 minutes ago
- Yahoo
Another judge denies the DOJ's effort to unseal Epstein-related grand jury transcripts
A federal judge on Wednesday denied the Trump Justice Department's motion to unseal grand jury transcripts in Jeffrey Epstein's New York sex trafficking case, dealing the DOJ its latest loss on the subject, in a ruling that spotlights the government's bumbling legal effort and lack of transparency in the Epstein scandal. The ruling from U.S. District Judge Richard Berman follows an Aug. 11 decision from another judge in New York that rejected the DOJ's motion to unseal transcripts in the case of convicted Epstein associate Ghislaine Maxwell, as well as a July ruling from a judge in Florida rejecting DOJ's Epstein-related unsealing effort in that state. Ruling against the DOJ in the Maxwell case, U.S. District Judge Paul Engelmayer wrote that '[a] member of the public, appreciating that the Maxwell grand jury materials do not contribute anything to public knowledge, might conclude that the Government's motion for their unsealing was aimed not at 'transparency' but at diversion — aimed not at full disclosure but at the illusion of such.' Similarly rejecting the effort in Epstein's case specifically, Berman wrote Wednesday that the unsealing motion appeared to be a diversion from the full scope of Epstein-related files in the government's possession. He wrote that the grand jury testimony is just a 'hearsay snippet' of Epstein's alleged conduct, and that the information in the Epstein grand jury transcripts 'pales in comparison' with the information in the DOJ's hands. He also criticized the government for not properly notifying victims before filing the motion. Epstein died in 2019 while being held on trafficking charges in New York, with the medical examiner deeming his death a suicide. Maxwell was subsequently convicted and is appealing while simultaneously seeking a pardon from President Donald Trump. After she met with Deputy Attorney General Todd Blanche, Trump's former personal defense lawyer, the government moved Maxwell to a minimum-security facility. That raised speculation about what benefits the administration might grant her as the White House faces political backlash from its refusal to release all the Epstein-related information in its possession, as promised. This is a developing story. Check back for updates. Subscribe to the Deadline: Legal Newsletter for expert analysis on the top legal stories of the week, including updates from the Supreme Court and developments in the Trump administration's legal cases. This article was originally published on
Yahoo
an hour ago
- Yahoo
Why Taiwan Semiconductor Stock Tumbled Today
Key Points The U.S. government wants to take a 10% stake in Intel. It also wants to convert the free grant money that it already promised Intel into payment for Intel shares. The government may do the same thing to TSMC. 10 stocks we like better than Taiwan Semiconductor Manufacturing › Contract semiconductor manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM) stock slid 2.2% through 12:22 p.m. ET Wednesday. Why? As you may have heard by now, President Trump is planning to take an equity stake in Intel (NASDAQ: INTC). All the cool kids are doing it Following passage of the Biden administration's CHIPS Act supporting the U.S. semiconductor industry, Intel was awarded $10.9 billion in grants. But as Bloomberg reports, the Trump White House is now negotiating with Intel to convert those grants into a 10% stake in Intel stock. But Intel wasn't alone in winning CHIPS Act grants. As CNBC points out, Taiwan Semiconductor (TSMC) was awarded $6.6 billion in U.S. government semiconductor subsidies. And now it seems U.S. Commerce Secretary Howard Lutnick may want to convert that grant into an equity stake as well. What does this mean for Taiwan Semiconductor Manufacturing stock? That's the question investors are pondering today: What does this mean for TSMC? If Commerce converts its $6.6 billion grant into a $6.6 billion investment in TSMC stock, it will effectively remove $6.6 billion in "free money" from TSMC's balance sheet. But TSMC would still get to keep the $6.6 billion -- in exchange for handing shares over to the government. It might also be better positioned to win further government subsidies. But what if the rumors prove false? What if the government invests only in Intel, and not in TSMC? That would seem to give the government a big incentive to make sure Intel "wins" the semiconductor market, perhaps at TSMC's expense. This is bad news for TSMC. Should you invest $1,000 in Taiwan Semiconductor Manufacturing right now? Before you buy stock in Taiwan Semiconductor Manufacturing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Taiwan Semiconductor Manufacturing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $654,781!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,076,588!* Now, it's worth noting Stock Advisor's total average return is 1,055% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 18, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Intel and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: short August 2025 $24 calls on Intel. The Motley Fool has a disclosure policy. Why Taiwan Semiconductor Stock Tumbled Today was originally published by The Motley Fool 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
Associated Press
an hour ago
- Associated Press
Nigeria mosque attack death toll rises to 50, lawmaker says
ABUJA, Nigeria (AP) — The death toll from a shooting at a mosque in northwestern Nigeria has risen to 50, a local official said Wednesday. Gunmen stormed the mosque in the town of Unguwan Mantau, in Katsina state, during morning prayers on Tuesday, according to lawmaker Aminu Ibrahim. 'The bandits killed 30 people and burnt 20 others during attacks on several villages,' Ibrahim told the state parliament on Wednesday. There has been no immediate claim of responsibility for the attack. Such attacks are common in Nigeria's northwestern and north-central regions, where local herders and farmers often clash over limited access to land and water. An attack last month in north-central Nigeria killed 150 people. The prolonged conflict has become deadlier in recent years, with authorities and analysts warning that more herdsmen are taking up arms. On Tuesday the Katsina state commissioner, Nasir Mu'azu, said the army and police have deployed in the area of Unguwan Mantau to prevent further attacks, adding that gunmen often hide among the crops in farms during the rainy season to carry out assaults on communities. He said the mosque attack was likely in retaliation for a raid by Unguwan Mantau townspeople at the weekend when several gunmen were ambushed and killed. Dozens of armed groups take advantage of the limited security presence in Nigeria's mineral-rich regions, carrying out attacks on villages and along major roads. The farmers accuse the herders, mostly of Fulani origin, of grazing their livestock on their farms and destroying their produce. The herders insist that the lands are grazing routes that were first backed by law in 1965, five years after the country gained its independence. Separate from the conflict between farming and herding communities, Nigeria is battling to contain Boko Haram insurgents in the northeast, where some 35,000 civilians have been killed and more than 2 million displaced, according to the United Nations.
