Apr 7, 2017

Trump Org settles suit with D.C. chef José Andrés

Pablo Martinez Monsivais, John Minchillo / AP

The Trump Organization and celebrity chef José Andrés have settled a nearly two-year-old lawsuit over Andrés' decision to back out of plans to open a restaurant in the Trump International Hotel, reports The Washington Post.

The drama: Andrés, a Spanish immigrant, pulled out of his lease in 2015 citing Trump's controversial rhetoric toward Mexican immigrants during the campaign. Trump sued him for $10 million.

The company, run by Trump's sons Donald Jr. and Eric, issued a joint statement with Andrés' firm, ThinkFoodGroup, Friday morning, but didn't reveal the details of the settlement. Donald Jr. called the deal a "win-win" for both parties, and stated that the company was glad to "put this matter behind us and move forward as friends."

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Trump on coronavirus misinformation from China: "Every country does it"

President Trump brushed aside allegations that China — as well as Russia and Iran — are spreading misinformation about the origin of the coronavirus during a 64-minute call with "Fox & Friends" on Monday, telling the hosts that "every country does it."

Why it matters: Multiple verified Chinese government Twitter accounts have promoted different conspiracy theories, and Chinese foreign ministry deputy spokesperson Zhao Lijian suggested that the virus come from a U.S. military lab, Axios' Bethany Allen-Ebrahimian reports.

Go deeperArrow6 mins ago - World

Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

Zuckerberg: "Local journalism is incredibly important" to fighting coronavirus

Photo: Sven Hoppe/picture alliance via Getty Images

Mark Zuckerberg, signaling his personal involvement in a new Facebook commitment of $100 million to bolstering local journalism, told me that "very local work" is vital to his big mission of bringing the world closer together.

What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."