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AP / Remy de la Mauviniere

The Weinstein Company said today that it will receive a rescue investment from Colony Capital, a private investment firm led by Trump confidant Tom Barrack. Colony also has entered into exclusive negotiations to buy some or all of The Weinstein Company's assets.

Statement from Tom Barrack: "We will help return the Company to its rightful iconic position in the independent film and television industry."

Statement from TWC director Tarak Ben Ammar: "We believe that Colony's investment and sponsorship will help stabilize the Company's current operations, as well as provide comfort to our critical distribution, production and talent partners around the world."

Dollar details: None yet.

History: Colony Capital in 2010 bought Miramax, the studio founded by Harvey and Bob Weinstein before forming The Weinstein Company. While under Colony's ownership, Miramax and TWC would come to form a strategic partnership. Colony sold Miramax in early 2016.

In case you've been under a rock: The Weinstein Co. has been upended in the past two weeks by dozens of sexual assault and harassment allegations against co-founder and (now former) CEO Harvey Weinstein.

Barrack backgrounder: The Colony Capital CEO is a longtime friend of President Trump, and spoke on his behalf last summer at the Republican National Convention. But he also made political waves last week by telling the Washington Post: "In my opinion, he's better than this."

Go deeper

5 hours ago - World

Over 170 Palestinians injured in clashes with Israeli police in Jerusalem

An injured man is carried away as Israeli security forces clash with Palestinian protesters at the al-Aqsa mosque compound in Jerusalem. Photo: Ahmad Gharabli/AFP via Getty Images

At least 178 Palestinians have been injured in clashes with Israeli police in Jerusalem, Reuters reported late Friday.

The big picture: The clashes come amid growing anger over the threatened eviction of Palestinians from their homes on land claimed by Jewish settlers in East Jerusalem. Tensions have also escalated in the occupied West Bank in recent weeks.

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Coronavirus cases hit a seven-month low — Majority back vaccine proof requirements for travel, schools and work — The race to avoid a possible "monster" COVID variant.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations — Americans' return to the skies could benefit smaller airlines.
  5. World: WHO authorizes China's Sinopharm COVID-19 vaccine for emergency use — Mixed response in Europe to Biden's vaccine patents bombshell.
  6. Variant tracker: Where different strains are spreading.

Ohio GOP censures Rep. Anthony Gonzalez over Trump impeachment vote

Photo: Bill Clark/CQ-Roll Call, Inc via Getty Images

The Ohio Republican Party on Friday censured Rep. Anthony Gonzalez (R-Ohio) and called for him to resign for voting to impeach former President Trump in January, Reuters reports.

The big picture: Gonzalez is the latest Republican lawmaker to be punished for voting to impeach the former president on a charge of inciting the deadly Jan. 6 insurrection.