Feb 22, 2019

Report: New York prepared to prosecute Manafort in case of Trump pardon

Paul Manafort. Photo: Mark Wilson/Getty Images

New York County District Attorney Cyrus Vance Jr. is prepared to file tax charges against Paul Manafort in the event that he is pardoned by President Trump for his conviction in the Mueller investigation, Bloomberg reports, citing two sources familiar with the matter.

Why it matters: Trump has not ruled out a presidential pardon for his former campaign chairman, who is set to be sentenced — and could face at least 19 years in prison — in Virginia on March 8 and D.C. on March 13. Vance has reportedly been investigating Manafort since 2017, months after he was charged for tax and financial fraud by the special counsel. Bloomberg notes, however, that laws that prevent defendants from being charged twice for the same crime could make the case difficult to prosecute.

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Bob Iger to step down as CEO of Disney

Photo: Jeff Kravitz/FilmMagic

The Walt Disney Company said Tuesday that it had named longtime Disney executive Bob Chapek as CEO Bob Iger's successor, effectively immediately. Iger will remain executive chairman of the company through 2021.

Why it matters: Iger is credited with having successfully turned around Disney’s animation and studio businesses and with the strategic acquisition of Marvel, Pixar, Lucasfilm and 21st Century Fox. Most recently, he was the person behind Disney's successful launch of its Netflix rival Disney+.

India gives Trump warm welcome as brutal protests rip New Delhi apart

People supporting India's new citizenship law beat a Muslim man in New Delhi, India. Photo: Danish Siddiqui/TPX/Reuters

While President Trump enjoys a hero's welcome in India, that nation's capital is being torn apart by violent protests between Hindus and Muslims.

The state of play: At least 186 people — 56 police officers and 130 protesters — have been injured and 10 killed in recent clashes, a New Delhi police spokesperson told the AP.

Go deeperArrow41 mins ago - World

Wall Street sees 2nd day of brutal sell-off

Photo: Johannes Eisele/AF via Getty Images

The stock market fell another 3% on Tuesday, following Monday’s sell-off. Bond yields touched record lows.

The big picture: Stocks continued to fall as the CDC said it expects the coronavirus to spread in the U.S. The Dow and S&P are more than 7% below the record highs seen earlier this month.

Go deeperArrowUpdated 56 mins ago - Economy & Business