A New York Times analysis of tax records showed that more than 200 companies, special-interest groups and foreign governments have funneled millions of dollars to President TrumpDonald John TrumpNorth Korea unveils large intercontinental ballistic missile at military parade Trump no longer considered a risk to transmit COVID-19, doctor says New ad from Trump campaign features Fauci MORE’s properties while reaping benefits from the president and his administration. 

Nearly a nearly a quarter of the entities have not been previously reported.

Sixty patrons, who promoted specific interests to the Trump administration, spent almost $12 million on expenses associated with the Trump Organization during the first two years of Trump’s presidency. The Times reported nearly all of these customers saw their interests move forward. 

In interviews with almost 250 business executives, club members, lobbyists, Trump property employees and current administration officials, sources detailed to Times how Trump conducted business and interacted with customers who were seeking help from the administration.

The newspaper also used Trump’s tax-return data, lobbying disclosures, Freedom of Information Act requests and other public records to construct a database of groups, companies and governments that had business before the administration and spent money on Trump properties.

The Trump Organization’s customers included foreign politicians, Florida barons, a Chinese billionaire, a Serbian prince, clean-energy advocates, petroleum industry leaders, small government advocates and contractors. The newspaper noted that some of the president’s customers did not see their interests fully fulfilled but noted “whether they won or lost, Mr. Trump benefited financially.”

More than 70 advocacy groups, businesses and foreign governments held events at Trump Organization properties that previously were at different locations or developed new events to be hosted at the properties. Religious organizations also participated by throwing prayer meetings, banquets and tours on Trump properties.

At least two dozen

Welcome to Thursday’s Overnight Health Care.



Donald Trump wearing a suit and tie: Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn't visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent


© Getty Images
Overnight Health Care: Regeneron asks for emergency authorization of coronavirus treatment Trump received | McConnell says he hasn’t visited White House in two months due to coronavirus | Employer-sponsored health insurance premiums rise 4 percent

Regeneron filed for emergency authorization of its antibody COVID-19 treatment drug, just hours after President Trump claimed it basically cured him. Mitch McConnell hasn’t been to the White House in months, and a new analysis shows Americans’ job-based health care is continually getting more expensive.

We’ll start with Regeneron:

Regeneron asks for emergency authorization of coronavirus treatment Trump received

Biotech company Regeneron late Wednesday applied for emergency authorization for an experimental antibody treatment praised by President Trump.

“Subsequent to our discussions with regulatory authorities, we have submitted a request to the U.S. Food and Drug Administration for an Emergency Use Authorization (EUA) for our REGN-COV2 investigational antibody combination for COVID-19,” the company said in a news release.

The move came just hours after the president praised the efficacy of the treatment in a short video message posted on Twitter.

“They gave me Regeneron, it’s called Regeneron,” Trump said in the five-minute video Wednesday afternoon. “It was unbelievable. I felt good immediately. I felt as good three days ago as I do now.”

Why it matters: Trump was taking several drugs for his illness, so it’s not clear which helped him feel better. He claimed he has the “emergency use authorization all set,” but the FDA is supposed to make decisions based on science and not demands from the president. Regeneron’s drug is still undergoing clinical trials, and while early results seem promising, the company has not released data to back up its claims.

Read more here.

McConnell says he hasn’t visited White

(Bloomberg) — The Trump administration’s potential restrictions on two Chinese payments giants would reverberate far beyond politics, potentially affecting multibillion-dollar deals, shaking up international commerce and even shaping the evolution of the global financial system.



a person sitting on display in a store: An advertisement for Tencent Holdings Ltd.'s WeChat Pay digital payment service is displayed outside a restaurant in Hong Kong, China, on Tuesday, Sept. 1, 2020. WeChat Pay and Ant Group's Alipay account for the majority of the mobile payments transactions in China.


© Bloomberg
An advertisement for Tencent Holdings Ltd.’s WeChat Pay digital payment service is displayed outside a restaurant in Hong Kong, China, on Tuesday, Sept. 1, 2020. WeChat Pay and Ant Group’s Alipay account for the majority of the mobile payments transactions in China.

U.S. officials have stepped up behind-the-scenes talks in recent weeks about possibly restricting the expansion of Ant Group’s Alipay and Tencent Holdings Ltd.’s WeChat Pay over concerns that the digital payment platforms threaten national security, Bloomberg reported on Wednesday.

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Read more: U.S. explores curbs on Ant Group, Tencent payment systems

If the administration proceeds, the most immediate hit would be to Ant Group’s plan for a stock listing in Shanghai and Hong Kong, a deal that could rank as the world’s largest initial public offering. Some international companies have been working with the payment apps and could see those strategies hurt or derailed. And while restrictions may ultimately head off potent competitors to U.S. and European banks, it could also — depending on how China responds — thwart their own planned expansion into the world’s second-largest economy.

Here’s a breakdown of the many companies with business at stake as President Donald Trump’s administration weighs its decision:

Ant’s IPO

Investors have been eager to pile into Jack Ma’s Ant Group. After gauging early interest, the company is seeking to raise at least $35 billion in its IPO, people familiar with the matter have said, potentially topping Saudi Aramco’s record $29 billion sale. Ant lifted the target based on an increased valuation of about $250 billion, which would exceed the market

  • Jennifer Taub is a legal scholar and advocate who’s testified as a banking law expert before Congress and appeared on MSNBC and CNN. 
  • The following is an excerpt from her new book, “BIG DIRTY MONEY: The Shocking Injustice And Unseen Cost of White Collar Crime.”
  • In it, she examines white collar crime, its history, and why these offenders fail to face the consequences that street level criminals do from Congress and the Supreme Court.
  • She explains how the country’s biggest crimes — like the financial crisis in 2008 to the ongoing opioid epidemic — have taken a toll in its citizens on a systematic level and the US can do better moving forward. 
  • Visit Business Insider’s homepage for more stories.

America, we have a big dirty money problem.

The corporate crime, elite impunity, and public corruption disease did not infect us overnight, though. We’ve been exposed now for so very long that we are almost immune. Almost.

If you still get angry when you see prosperous predators get away with it, we still have a chance to fight back. I’m ready to speak up about what’s broken and promote specific, significant, and enduring fixes. At the end of this chapter, following these proposed solutions, I’ll explain why and how you can join this effort.

You don’t need a law degree or a lobbyist’s contact list to exert influence. There are more honest people in America who believe that when we get big money out of politics and when big businesses and the elite are made to obey the law, we are all safer and our society is more just. 

Cover.BIg Dirty Money

“BIG DIRTY MONEY: The Shocking Injustice And Unseen Cost of White Collar Crime,” By Jennifer Taub.

Courtesy of Penguin Random House


In a nutshell, here’s the problem:

The extremely wealthy and

As restaurants across Texas continue to suffer due to inadequate revenue during the coronavirus pandemic, representatives at the Texas Restaurant Association have drastically changed their rallying cry.

No longer is Texas Restaurant Association CEO Emily Williams Knight telling restaurant owners to lean on the government for help during a once-in-a-lifetime crisis. She’s now saying that more federal financial aid is not coming. At least, not fast enough to save another 10% of restaurants in Texas from failing.

“I can no longer string along our restaurants,” Knight says. “There isn’t financial relief coming.”

Discussions, though rocky, had continued between Democrats and Republicans until President Donald Trump told them to “stop negotiating,” he wrote in a tweet on Oct. 6.

Knight believes that this news from the White House “means thousands of additional restaurants will close.”

President Donald Trump holds his face mask as he stands on the Blue Room Balcony upon returning to the White House on Monday.

The Democrats’ $2.2 trillion bill, an updated version of the HEROES act, might still provide stimulus checks someday. The House of Representatives passed the act on Oct. 1. But even before Trump halted talks, Knight believed that financial help for restaurants seemed unlikely. Major news events like the Supreme Court justice nominee discussion, last week’s presidential debate, the president’s COVID-19 diagnosis and, of course, the upcoming presidential election slowed Congressional talks.

“We have given up,” Knight says. “Washington, D.C., and our elected officials have played games. … There’s nothing but partisan politics to blame for this.”

Representatives from the national Independent Restaurant Coalition are still optimistic that both Democrats and Republicans want to help restaurants eventually. Secretary of the Treasury Steve Mnuchin offered a separate plan that gives $120 billion to restaurants and hotels in his $1.62 trillion proposal. Trump called Mnuchin’s plan “very generous” in a tweet.

Congress remains gridlocked over how to provide Americans additional relief related to the coronavirus pandemic. (Photo by Win McNamee/Getty Images)

University of Houston professor Nancy Beck Young, Ph.D., guesses a relief package could land in mid to late