Aug 3, 2017

Report: Kushner Cos. subpoenaed over visa-focused pitches to investors

Pablo Martinez Monsivais / AP

New York federal prosecutors have subpoenaed Kushner Cos., the New York property development business owned by Jared Kushner's family, per the Wall Street Journal reports.

This is over a New Jersey development financed in part by a visa program. The company had solicited Chinese investment, saying up to 300 individuals who invested half a million dollars each into the project would be eligible for green cards through the EB-5 visa program.

Kushner Cos. general counsel, Emily Wolf, said the company "did nothing improper" and is cooperating with legal requests for information.

Jared Kushner resigned from his role in the business before joining his father-in-law's administration, but he reported receiving between $1-5 million in capital gains from the development in question. His White House role was mentioned in advertising pitches, but the family denies that it was using his position to draw investment.

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Experimental coronavirus vaccine to be tested on humans

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Photo: Win McNamee/Getty Images

The vaccine that the National Institute of Allergy and Infectious Diseases (NIAID) and drugmaker Moderna have been developing to combat the coronavirus is ready to be tested on humans, NIAID director Anthony Fauci told the Wall Street Journal.

The state of play: The rapidly developed vaccine will be tested on 20–25 healthy volunteers in April to determine whether two doses will be safe and generate an immune response to protect against infection. Results will be available in July or August, Fauci told WSJ.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.