The entrance to the Trump International Hotel is viewed on June 5, 2018 in Washington, D.C. Photo: George Rose via Getty Images

A federal judge has rejected President Trump's attempt to dismiss a lawsuit alleging he has violated the emoluments clause of the Constitution by doing business with foreign governments, the Washington Post reports.

Why it matters: The emoluments clause was drafted to prevent foreign governments from gaining influence in the U.S. in exchange for gifts, payments or other benefits. The Trump Organization has hosted foreign leaders at its Washington hotel, but argues they are paying for a service and thus not providing Trump with a gift.

What's next: Per the Post, the parties that brought the suit, DC and Maryland attorneys general, hope to search company records and interview Trump Organization employees "to determine which foreign countries have spent money at Trump’s hotel in downtown Washington."

Go deeper

Ben Geman, author of Generate
13 mins ago - Economy & Business

GM dives full-throttle into electric

GMC Hummer EV. Photo courtesy of General Motors

What has LeBron James as a pitchman, some slightly awkward promotional phrasing ("watts to freedom"), and a six-figure starting price? The electric GMC Hummer.

Driving the news: General Motors unveiled the vehicle — a reborn version of the deceased mega-guzzler — with a highly produced rollout Tuesday night that included a World Series spot. The company also began taking reservations.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: Studies show drop in COVID death rate — The next wave is gaining steam — The overwhelming aftershocks of the pandemic.
  4. Education: Schools haven't become hotspots.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.