Apr 20, 2017

Bill O'Reilly to receive up to $25m exit payout from Fox News

Jeff Christensen / AP

After Bill O'Reilly's firing from Fox News yesterday, the former host stands to receive an exit payout of up to $25 million — the equivalent of one year of his salary — from the network, per the NYT.

O'Reilly signed a new deal with Fox News through the 2020 election earlier this year, but the network was already aware of his percolating sexual harassment scandal. The new contract allowed Fox News to cut ties with O'Reilly if new harassment allegations came to light and limited a potential exit payout to a year's worth of his salary.

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Situational awareness

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images

New global coronavirus cases shake Asian stocks

Health workers spray disinfectant in Seoul on Feb. 24. Photo: Chung Sung-Jun/Getty Images

New cases of the novel coronavirus have rocked asset prices in Japan, South Korea and Italy, as those nations and others have ratcheted up emergency efforts to contain the outbreak.

What's happening: Asian stock markets continued to tank overnight, as South Korea's Kospi dropped nearly 4%, Australia's ASX fell by 2.3% and Hong Kong's Hang Seng declined by 1.8%. MSCI’s index of Asia-Pacific stocks outside Japan touched its lowest since early February.

In photos: Trump visits Taj Mahal after massive rally in India

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images

President Trump visited India's Taj Mahal on Monday, hours after telling a massive crowd at a rally in Ahmedabad that he hopes to reach a trade deal with his "true friend" Prime Minister Narendra Modi during his two-day visit to the country.

Why it matters: The countries are forging deeper ties as India’s location, size and economic growth make it the "obvious counterweight to China" for American policymakers.

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