California Man Indicted for Assaulting Federal Officer
Cole Allen, a 31-year-old California man, has been indicted on four charges, including assaulting a federal officer with a deadly weapon, following an attempted attack at the White House Correspondents' Dinner on April 25. Federal prosecutors allege that Allen, armed with a shotgun and other weapons, fired at a Secret Service agent during his attempt to breach a security checkpoint at the Washington Hilton, where President Trump and senior officials were present. Allen, who is also charged with attempted assassination and firearm offenses, is scheduled for arraignment on May 11.
EEOC sues New York Times over discrimination claims
The Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against the New York Times, alleging discrimination against a white male employee who claims he was denied a promotion due to the newspaper's diversity, equity, and inclusion policies. The lawsuit, filed in U.S. District Court for the Southern District of New York, asserts that the Times violated Title VII of the Civil Rights Act by favoring non-white and female candidates for a deputy position, despite the plaintiff being a well-qualified candidate. The New York Times has rejected the allegations, stating its employment practices are merit-based.
Vornado CEO Criticizes NYC Mayor Over Tax Policies
Steve Roth, CEO of Vornado Realty Trust, criticized New York City Mayor Zohran Mamdani during an earnings call, equating the 'tax the rich' slogan to racial slurs and condemning a recent video where Mamdani used hedge fund billionaire Ken Griffin's $238 million penthouse as a backdrop for a proposed pied-à-terre tax. Roth's remarks reflect broader frustrations among New York's business elite, particularly regarding a planned $6 billion office development in Midtown Manhattan, which may be jeopardized by the city's current political climate. He urged Mamdani to adopt a more business-friendly approach to foster economic growth.
SEC proposes semiannual earnings reports for public companies
The Securities and Exchange Commission has proposed a rule change that would allow public companies in the United States to file earnings reports semiannually instead of quarterly, a shift supported by President Donald Trump. Under the new proposal, companies would submit a full annual report while having the option to file a new form 10-S twice a year, potentially reducing the frequency of mandatory disclosures. This change is expected to reignite discussions about transparency and the impact on retail investors.
