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Looming Trump charges follow criticism of N.Y. prosecutor for not acting sooner By Reuters

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©Reuters. Workers remove scaffolding at the New York City Courthouse at 80 Center Street, where Manhattan District Attorney Alvin Bragg is continuing his investigation into former U.S. President Donald Trump, in Manhattan, New York City, U.S. March 18, 2023. REUTERS/ andrew

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By Luc Cohen

NEW YORK (Reuters) – A New York City prosecutor who was publicly criticized for declining to indict Donald Trump last year appears to be on the verge of pursuing the first criminal indictment against a former president in the history of the to raise the United States.

Trump said Saturday that he expects to be arrested this week on charges from Manhattan District Attorney Alvin Bragg, who is investigating whether Trump falsified business records by demanding his reimbursement of his former attorney and fixer Michael Cohen for a $130,000 payment Dollars that Cohen paid to the porn star, Stormy Daniels, whose real name is Stephanie Clifford, has concealed.

The payment, made in the final weeks of Trump’s 2016 White House campaign, was intended to ensure Daniel’s silence over an affair she allegedly had with Trump, prosecutors said. A Bragg spokesman declined to comment Saturday.

Trump said on his Truth Social platform he expects to be arrested on Tuesday and called on his supporters to protest.

Trump, who is running for the Republican presidential nomination in 2024, did not say he had been officially notified of impending impeachments and did not discuss the potential charges in the post.

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Thousands of Trump supporters stormed the US Capitol on January 6, 2021 aCentre County Reporter he falsely claimed in a fiery speech that his election defeat was the result of widespread fraud.

Bragg, a Democrat, took office in January 2022 aCentre County Reporter his predecessor indicted the former president’s family business and its chief financial executive over a 15-year tax fraud scheme.

A prosecutor leading that investigation, Mark Pomerantz, resigned in February 2022 aCentre County Reporter Bragg declined to charge Trump with financial crimes himself. Pomerantz has publicly criticized Bragg’s decision not to press charges and published a book about the investigation.

Pomerantz said concerns about potentially losing the case should be balanced against the ability to “encourage disrespect for the law” by not filing charges when warranted.

Bragg has defended his decision.

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“I bring hard cases when they’re done,” Bragg said in a Feb. 7 news conference. “The Mark Pomerantz case just wasn’t done yet. So I said to my team, let’s keep working.”

Trump has called the investigation a “witch hunt.”

Earlier this year, a grand jury began hearing evidence in the case.

Cohen previously testified that Trump directed him to arrange the payment, and Cohen pleaded guilty to campaign finance violations and other charges in December 2018.

“It would be an unprecedented and unheard-of selective prosecution if the Attorney’s Office charged former President Trump, a victim of extortion, with a felony because his attorney at the time, Michael Cohen, a convicted liar, paid the extortionist,” Trump said. Attorney Susan Necheles in a statement on March 10.

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Proving Trump intended to commit a crime could be one of Bragg’s biggest challenges, said Jennifer Beidel, a partner at the law firm Saul Ewing and a former federal prosecutor.

“One would think that the former president would try to argue that people independent of him make their own decisions about what to do, perhaps out of motivation to please him, but perhaps not under his direction,” said Beil.

Bragg, the first black district attorney in Manhattan, was previously a federal prosecutor and a senior official in the New York State Attorney General’s office, where he led a lawsuit that forced the dissolution of the former president’s eponymous charitable foundation.

Shortly aCentre County Reporter he took office, his critics criticized a planned waiver of the prosecution of some minor offences, a reduction in pre-trial detention and a cap on the length of sentences. Bragg argued that “excessive incarceration” did not improve public safety.

In the biggest trial win of his tenure so far, his office won the Trump Organization’s tax fraud conviction last December. Allen Weisselberg, the organization’s former chief financial officer, had pleaded guilty and testified against the company in court.

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Several observers have defended Bragg against Pomerantz’s criticism.

“Bragg’s decision not to pull the trigger in February 2022 … was perhaps brave, not cowardly,” Andrew Weissman, a former federal prosecutor, wrote in a Washington Post review of Pomerantz’s book. “He had little to gain politically from the decision and a lot to lose.”

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Rocket Lab targets Neutron launch price to challenge SpaceX

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rocket lab is building a larger, reusable launch vehicle called the Neutron and is targeting a price near $50 million per launch to challenge it Elon Musk’s SpaceX.

“We are positioning Neutron to compete head-to-head with the Falcon 9,” Rocket Lab’s chief financial officer Adam Spice said earlier this week while speaking at a Bank of America event in London on Tuesday.

The company announced Neutron when it went public in 2021, with Spice saying the rocket remains on track to debut in 2024 its fourth quarterly report last month, Rocket Lab said it has begun production of Neutron’s first armor structures, as well as construction of the launch pad for the rocket. The company plans to conduct the first “hot-fire test” of an Archimedes engine that will power Neutron “by the end of the year,” Spice said.

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SpaceX is touting a $67 million Falcon 9 launch, and Spice says Rocket Lab is aiming to match that on a cost-per-kilogram basis for satellite customers. That means Neutron is “targeting a launch service cost of $50 million to $55 million,” Spice said.

Spice also noted that Rocket Lab expects to fly the reusable Neutron boosters “10 to 20 times” each, within range of the current reusable performance of a Falcon 9 booster.

“We ultimately expect margins on Neutron launches to be in the range of about 50%,” added Spice. He estimated the commodity cost of each neutron at $20–$25 million, with “nearly half of that” coming from the rocket’s upper, non-reusable second stage.

Additionally, with SpaceX pushing hard to develop its massive Starship rocket, Spice alluded to the potential for the company to veer away from flying Falcon 9 missions.

“We don’t have any hard data on that, but if that were to happen, that would certainly be an incredibly optimistic thing for Neutron,” Spice said.

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In the meantime, Spice said Rocket Lab aims to maintain its position as the “dominant player” in the small satellite launch market sub-sector with its Electron vehicles. The company expects to launch three Electron missions in the second quarter, two of which have already been completed, and is “on track” to launch 15 missions this year, Spice said.

More than rockets

Spice also stressed to the Bank of America audience that Rocket Lab is “much more than” just a rocket company. In fact, the company’s acquisitions and expansion into building satellite components and spacecraft have become the majority of its quarterly revenue.

“All of this leads to the biggest opportunity in space that’s really on the application side,” Spice said.

As CEO Peter Beck has previously notedRocket Lab’s goal is to create an “end-to-end platform for customers” who need space-based services. Spice said the company wants to operate satellites and “deliver data to our customers and develop a recurring revenue stream from it,” essentially eliminating the need for other companies to build and operate their own satellites.

“A lot of the companies that we are [launching to orbit on Electron] are very unnatural space facility owners,” Spice said, adding that “the best space facility owner is someone who can launch.”

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Rocket Lab CEO on the importance of the US Space Force mission to the company
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Rivian Automotive wants more engineers working at its manufacturing plant

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Electric vehicle company Rivian plans to go public

News from Spencer Platt/Getty Images

Rivian Automotive (NASDAQ:RIVN) is reportedly planning to move more of its manufacturing engineering team to its Normal, Illinois manufacturing facility to accelerate production of electric trucks and SUVs

Sources indicate a will to reorganize

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Tesla Stock: Cathie Wood Sells $27 Million Of TSLA To Buy The Dip On Coinbase, Block

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Fund manager Cathie Wood and her firm ARK Invest Management sold millions of Tesla shares on Thursday, inviting shares of Tesla coin base (COIN) as the crypto exchange stock fell after receiving a Securities and Exchange Commission warning.




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Tesla Stock Sale

Wood unloaded a total of 139,642 Tesla (TSLA) shares on Thursday were valued at $26.84 million based on the closing price of 192.22, according to an investor update on Thursday night. The company sold 119,630 shares of its ARK Innovation ETF (ARKK) and 20,012 shares from the ARK Next Generation Internet ETF (ARKW).


Coinbase stock crashes as SEC turns aggressive


The sale ended a Tesla buying streak for Wood. Added ARC Tesla shares valued at $12.6 million on March 8th after buying 1.3 million shares in December and January, according to Barron’s data. Tesla shares closed Thursday 5.5% higher than their March 8 close and 1% below their Dec. 1 close. Tesla stock is up 76% so far this year.

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TSLA shares tumbled 0.9% on Friday.

Buy the Coinbase Dip

Meanwhile, ARK Invest added 268,928 shares of Coinbase worth $17.83 million based on Thursday’s close of 66.30. ARK added 230,599 shares to ARKK and 38,329 shares to ARKW, respectively.

COIN shares fell 14% on Thursday after the company announced it received a Wells Notice from the SEC late Wednesday, warning that the regulator intends to recommend enforcement action for potential securities violations. Coinbase and its executives remain firm in their belief that their products are compliant.

On March 21, Wood sold 160,887 shares of Coinbase from the ARK Fintech Innovation ETF (ARKF) to mark ARK’s first COIN stock sale of the year.

COIN stock rose 2.3% on Friday. Coinbase shares have rocketed 101% year-to-date. Still, shaken by crypto panics, Coinbase stock remains well below its all-time high of 368.90 set on Nov. 9, 2021.

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Wood and ARK also bought 320,557 shares of the payment processor block (Q), valued at $19.84 million based on Thursday’s close of 61.88. SQ stock slipped 2% on Friday.


Square drops short seller fees, company considers legal action


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