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Photo: Drew Angerer / Getty Images

The New York Times reports that Jared Kushner's family's business, Kushner Companies, received substantial loans from companies after Kushner attended White House meetings with their executives.

Why it matters: "There is little precedent for a top White House official meeting with executives of companies as they contemplate sizable loans to his business, say government ethics experts," per the Times. Kushner stepped down as CEO from the company when he joined the White House, but has "retained a vast majority of his interest."

  • The loans received include one for $184 million from Apollo Global Management, which was in talks with officials over infrastructure policy, and another for $325 million, from Citigroup, following a White House meeting with Kushner and the CEO last year.
  • A spokesman for Kushner's lawyer Abbe Lowell, Peter Mirijanian, told the Times that Kushner "has taken no part of any business, loans or projects with or for" his family company since he became a White House official.
  • Former director of the Office of Government Ethics, Don Fox, told the NYT: "Why does Jared have to take the meeting? Is there not somebody else who doesn't have these financial entanglements who can brainstorm freely with these folks?"

Go deeper: Trump family vs. John Kelly

Go deeper

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: The good and bad news about antibody therapies — Fauci: Hotspots have materialized across "the entire country."
  2. World: Belgium imposes lockdown, citing "health emergency" due to influx of cases.
  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
  8. 🎧Podcast: The vaccine race turns toward nationalism.
Dan Primack, author of Pro Rata
Updated 6 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
8 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.