New grand jury seated for next stage of Trump investigation
NEW YORK — New York prosecutors have convened a special grand jury to consider evidence in a criminal investigation into former President Donald Trump’s business dealings, a person familiar with the matter told The Associated Press on Tuesday.
The development signals that the Manhattan district attorney’s office was moving toward seeking charges as a result of its two-year investigation, which included a lengthy legal battle to obtain Trump’s tax records.
The person familiar with the matter was not authorized to speak publicly and did so on condition of anonymity. The news was first reported by The Washington Post.
Manhattan District Attorney Cyrus Vance Jr. is conducting a wide-ranging investigation into a variety of matters such as hush-money payments paid to women on Trump’s behalf, property valuations and employee compensation.
The Democratic prosecutor has been using an investigative grand jury through the course of his probe to issue subpoenas and obtain documents. That panel kept working while other grand juries and court activities were shut down because of the coronavirus pandemic.
A year later, rallies, moments of silence honor George Floyd
MINNEAPOLIS — A family-friendly street festival, musical performances and moments of silence were held Tuesday to honor George Floyd and mark the year since he died at the hands of Minneapolis police, a death captured on wrenching bystander video that galvanized the racial justice movement and continues to bring calls for change.
Floyd’s sister Bridgett and other family members held a moment of silence at a “Celebration of Life” event at a downtown Minneapolis park that included music, food trucks, an inflatable bouncy house and a vaccination stand. A few miles away, at the site of the intersection where Floyd died, dozens of people kneeled around a steel fist sculpture for several minutes — symbolizing the 9 minutes, 29 seconds during which Floyd was pinned down.
From wire sources
“It’s been a troubling year, a long year,” Bridgett Floyd told the crowd downtown. “But we made it. … The love is here. George is here.”
Other members of Floyd’s family met in Washington with President Joe Biden and Vice President Kamala Harris, who urged Congress to quickly pass a law in Floyd’s name that would bring changes to policing. A moment of silence to honor Floyd was also held in New York and a rally was held in Los Angeles. Globally, a rally took place in Germany and Floyd’s death was marked by U.S. embassies in Greece and Spain.
Hours before the Minneapolis festivities, the intersection where Floyd died was disrupted by gunfire.
Schools try pep-rally tactics to get students vaccinated
SAN DIEGO — A growing number of public schools are using mascots, food trucks and prize giveaways to create a pep-rally atmosphere aimed at encouraging students to get vaccinated against the coronavirus before summer vacation.
Districts from California to Michigan are offering free prom tickets and deploying mobile vaccination teams to schools to inoculate students 12 and up so everyone can return to classrooms in the fall. They are also enlisting students who have gotten shots to press their friends to do the same.
Officials are concerned that once school lets out, it will be even tougher to get enough teens vaccinated in time to guarantee widespread immunity on campuses.
The massive effort has just gotten underway because it was only two weeks ago that federal regulators authorized the Pfizer vaccine for children 12 to 15. Moderna said Tuesday that its COVID-19 vaccine strongly protects kids as young as 12, a step that could put it on track to become the second option for that age group in the U.S. Younger children are not yet eligible.
So far, about 14% of the nation’s 15 million kids ages 12 to 15 have received their first shot, according to the Centers for Disease Control and Prevention. Among 7.5 million teens ages 16 and 17, that number goes up to 34%, and about 22% have had both shots, according to the latest figures released Monday. The doses are scheduled about three weeks apart.
GOP senators ready $1T infrastructure counteroffer to Biden
WASHINGTON — Senate Republicans revived negotiations Tuesday over President Joe Biden’s sweeping investment plan, preparing a $1 trillion infrastructure proposal that would be funded with COVID-19 relief money as a counteroffer to the White House ahead of a Memorial Day deadline toward a bipartisan deal.
The Republicans said they would disclose details of the new offer by Thursday, sounding upbeat after both sides had panned other offers.
At the White House, press secretary Jen Psaki declined to address the new plan, but said: “We expect this week to be a week of progress.”
Talks over the infrastructure investment are at a crossroads as Biden reaches for a top legislative priority. The White House is assessing whether the president can strike a bipartisan deal with Republicans on his American Jobs Plan or whether he will try to go it alone with Democrats if no progress is made in the days ahead.
Yet the administration and the GOP senators remain far apart over the size and scope of the investment needed to reboot the nation’s roads, bridges and broadband — but also, as Biden sees it, the child care centers and green energy investments needed for a 21st-century economy. They also can’t agree on how to pay for it.
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Board fight at Exxon intensifies spotlight on climate change
NEW YORK — ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue of rising urgency for many shareholders.
The investor group is pushing to replace four of the oil giant’s board members with executives they say are better suited to both strengthen the company’s finances and lead it through the transition to cleaner energy. The fight represents a moment of reckoning for major publicly traded companies to address a global crisis.
Engine No. 1, the name of the hedge fund that has mounted the challenge, owns just a sliver of Exxon’s shares. But the dissident slate of board members it has put forward commands the backing of some of the country’s most powerful institutional investors, including the largest public pension funds.
Regardless of the outcome of the shareholder vote, to be announced after the annual shareholder meeting Wednesday, the challenge reflects momentum among consumers, investors and government leaders around the globe to pivot away from fossil fuels and invest in a future where energy needs are increasingly met using renewable sources. To that end, President Joe Biden has set the ambitious goal of slashing America’s greenhouse gas emissions in half by the end of the decade.
“We’re at a tipping point,” said Aeisha Mastagni, portfolio manager at the California State Teachers’ Retirement System, known as CalSTRS, one of the nation’s largest pension funds and among the major institutional investors that backed the alternative group of directors. “You’re seeing investors from all around the world that are wanting to see better disclosure around climate change risk, you’re seeing shareholder proposals that are passing with increased shareholder support, and now we have this monumental vote at ExxonMobil.”