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Photo: Alex Wong/Getty Images

President Trump's attorney Rudy Giuliani told Fox News' Laura Ingraham that the audio of Michael Cohen and Trump speaking about a payment to Playboy model Karen McDougal, which was leaked to CNN on Tuesday, gives "no indication of any crime being committed."

Why it matters: The recording suggests that Trump had knowledge of the purchase for the rights of McDougal's story, who claims she had an affair with Trump years ago. Giuliani, however, stood by his claim that Trump was unaware of the transaction.

"I got tapes even longer...how about 4,000 hours of mafia people on tapes? I know how to listen to them...This tape is clear crystal clear when you listen to it. I dealt with much worse tapes than this."
— Giuliani
  • On Trump's awareness of the purchase of McDougal's story: "I mean, he may or may not have known about McDougal's claims. I don't know that. But he didn't know about this transaction."
  • He said Trump insists that Cohen not pay with cash: "[H]e says don't pay with cash. And then Cohen says, no, no, no, and the president says check. ... The point is the president wants the transaction to be memorialized."
  • "There's no way the president is going to be talking about setting up a corporation and then using cash unless you are a complete idiot. Again, the president is not an idiot."
  • Giuliani said there are no other tapes: "We have all of the tapes in our possession. We have transcripts of all them. We are comfortable with them. And there are no — there are no others."

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Dunkin' Brands agrees to $11B Inspire Brands sale

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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.

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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.