Business

Home Business

Billionaire Makes Massive Political Contribution To Trump

1
Image via Pixabay free images

One of the largest single disclosed gifts ever…

A reclusive billionaire from a storied American family with a legacy dating back to the Gilded Age has made one of the largest political contributions in the history of American politics.

Timothy Mellon, heir to the Mellon banking fortune, made a $50 million contribution to the pro-Trump super PAC, Make America Great Again Inc.

At the end of April, the organization had only $34.5 million.

In a memo following Mellon’s donation, the PAC announced it had reserved $100 million in advertising through Labor Day.

The New York Times continues:

Mr. Mellon is now the first donor to give $100 million in disclosed federal contributions in this year’s election. He was already the single largest contributor to super PACs supporting both Mr. Trump and Robert F. Kennedy Jr., who is running as an independent. Mr. Mellon has previously given $25 million to both.

Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons

Democrats have sought to portray Mr. Kennedy as a spoiler supported by Republicans, in part by emphasizing Mr. Mellon’s dual contributions and seemingly split loyalties. The pro-Kennedy super PAC has distributed quotations from the hard-to-reach Mr. Mellon, and for a blurb that appears on the cover of Mr. Mellon’s upcoming book, Mr. Kennedy called the billionaire a “maverick entrepreneur.”

It is not clear what Mr. Mellon’s mega-donation means for his support of Mr. Kennedy going forward. He has so far toggled between giving to support both candidates. His most recent donation to Mr. Kennedy’s super PAC was a $5 million contribution in April.

But Mr. Mellon’s $50 million gift will significantly help pro-Trump forces narrow the financial advantage that President Biden and his allies have enjoyed so far. Miriam Adelson, the casino billionaire and widow of Sheldon G. Adelson, who died in 2021, has also made plans to fund a pro-Trump super PAC with at least as much money as the $90 million that her family gave in the 2020 campaign, although much of the cash has yet to arrive.

Mellon’s contributions follow Donald Trump‘s conviction in a hush money trial.

Critics argue that the case is politically motivated and based on an overly broad interpretation of campaign finance laws. They add that such payments are common among public figures seeking to avoid public scrutiny.

The Mellon family‘s wealth started when an Irish immigrant named Thomas Mellon founded T. Mellon & Sons’ Bank in Pittsburgh in 1869. His sons, Andrew W. Mellon and Richard B. Mellon, later grew the bank into a strong financial institution. This bank eventually became Mellon Financial Corporation, one of the largest banking institutions in the United States.

During the late 19th and early 20th centuries, Andrew Mellon played a crucial role in financing and supporting key industries such as aluminum, oil, and steel, contributing to the growth of major corporations, such as Gulf Oil, and Union Steel. As secretary of the Treasury from 1921 to 1932, his influence shaped the economic policies of the 1920s, known as the Mellon Plan, which contributed to the economic boom of the decade.

National Photo Company Collection, Public domain, via Wikimedia Commons

In 2007, Mellon Financial Corporation merged with The Bank of New York to form BNY Mellon, one of the world’s largest asset management and securities services companies, preserving their 150-year legacy in banking and finance.

Article Published With The Permission of American Liberty News

Fox News Host Laura Ingraham Joins Board of Trump Jr.’s New SPAC

0

Fox News primetime host Laura Ingraham has been named a board member of a new special-purpose acquisition company (SPAC) led by Donald Trump Jr..

The blank-check firm, Colombier Acquisition Corp. III, filed its registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday, planning to raise 26 million units at $10 each — a total IPO target of about $260 million.

The stated mission of the new SPAC is stirring: the company intends to “fund the next chapter of American Exceptionalism and help Make America Grow Again.”

A Powerful Line-Up

This initiative brings together heavyweight conservative and business voices:

  • Donald Trump Jr. himself is listed as a director of the SPAC.
  • Ingraham, as noted, takes a board seat, aligning her media voice with pro-growth, America-first business leadership.
  • Others on the board include billionaire investor Chamath Palihapitiya (often dubbed “Wall Street’s SPAC king”), Blake Masters (a former president of the Thiel Foundation and GOP Senate candidate-turned-investor), and conservative business leader Chris Buskirk of 1789 Capital.
  • The SPAC is sponsored by 1789 Capital — a firm with ties to Trump family allies including Trump Jr. — and led operationally by finance veteran Omeed Malik.

Why This Matters for the Republican Agenda

  1. Scaling American Growth — The SPAC presents an opportunity to invest in high-potential private companies that are aligned with conservative economic principles: innovation, domestic manufacturing, job creation. It echoes longstanding themes of shrinking dependency on foreign supply chains and revitalizing American industry.
  2. Bringing Conservative Media Into the Arena — Laura Ingraham’s role on the board is significant beyond her television presence. It bridges the media platform with private-capital activity in service of a pro-growth agenda, reinforcing conservative alignment across cultural and economic spheres.
  3. Leveraging the Trump Ecosystem — This SPAC is further proof of increasing alignment between the Trump family’s business interests and the conservative movement. With Trump Jr. at the helm and Fox News hosts like Ingraham working in the same orbit, the cultural and economic wings of the movement are becoming more integrated. Some might view this as a consolidation of influence — and for supporters, it represents an effective mobilization of talent, media, capital and ideas.
  4. Messaging Strength — The marketing language around “American Exceptionalism,” “Make America Grow Again,” and taking bold action to merge private champions into public markets resonates deeply with patriotic, pro-growth, and pro-Liberty voters and investors. It signals optimism about the future of U.S. business and opportunity.

Considerations for Conservative Investors & Supporters

  • Alignment of values and vision: This venture clearly invites participation by those who believe in American economic strength, renewal of manufacturing, and innovation under a conservative framework.
  • Risk and reward: As with all SPACs, there are inherent risks — particularly the uncertainty of what private company will be merged and how the market will react. However, the backing of high-profile conservative leaders may bring a unique brand strength and network effect.
  • Cultural impact: Ingraham’s involvement means that conservative media will potentially be linked to private-market outcomes. This could amplify messaging but also raise questions about separation of media and business roles (a subject of debate).
  • Timing: The filing was recent, and the IPO process is underway. As the venture develops, more details will emerge (which company they will target, when, etc.). Supporters should watch for updates and ensure that the company they merge with aligns with the broader vision.

What’s Next

Supporters in the conservative movement will likely view this development as a concrete manifestation of turning media influence into economic muscle — shaping culture and business in tandem.

The IPO units are expected to trade under the ticker “CLBR U” on the New York Stock Exchange (NYSE).

The next steps will include selecting a target company to merge with, closing the deal, and executing on growth plans. Investors should monitor the company’s announcements and disclosures via SEC filings.

Media watchers will track how this move influences the relationship between conservative media, the Trump business ecosystem, and public market investment.

Report: Trump Company Seeks To Trademark His Name On Airports

0
Donald Trump via Gage Skidmore Flickr

As Florida legislators weigh a proposal to rename Palm Beach International Airport after President Donald J. Trump, a related trademark filing by a company associated with the Trump Organization is drawing national attention — and predictable political reactions.

Public records show that DTTM Operations, an entity tied to the Trump Organization, filed trademark applications on Feb. 13 for “President Donald J. Trump International Airport” and “Donald J. Trump International Airport.”

A spokesperson for the Trump Organization said the filings are purely defensive and not intended to generate revenue.

“To be clear, the President and his family will not receive any royalty, licensing fee, or financial consideration whatsoever from the proposed airport renaming,” spokesperson Kimberly Banza said in a statement. She explained that the trademark applications are meant to prevent “bad actors from infringing upon or misusing the name.”

The proposal to rename the airport comes as Florida’s GOP-controlled legislature considers honoring Trump, whose Mar-a-Lago residence is located in Palm Beach. Supporters see the move as a fitting recognition of a former and current president with deep ties to the region and a significant political legacy.

Critics, however, have seized on the trademark filings to raise concerns about potential conflicts of interest. Dylan Hedtler-Gaudette of the nonprofit Project on Government Oversight argued that the situation highlights broader questions about presidential business holdings.

Trademark attorney Josh Gerben, who first reported on the filings, described the move as unusual, noting that while airports have been named after past presidents, a sitting president’s private company seeking trademark protection in advance appears to be unprecedented.

Gerben suggested that the filings raise technical legal questions about whether a publicly owned airport would need permission to use the name if it were trademarked — though no such arrangement has been proposed.

The broader political backdrop is hard to ignore. President Trump has long been a polarizing figure, and even routine legal filings tied to his name tend to generate outsized scrutiny. Supporters argue that trademark protection is standard practice for high-profile public figures and brands, particularly given Trump’s long history as a global business leader.

The White House has not indicated that the president is personally involved in the legislative effort. Trump has also denied reports that he is seeking to have other major transportation hubs, such as Washington’s Dulles Airport or New York’s Penn Station, renamed in his honor.

For now, the proposal remains in the hands of Florida lawmakers. Whether the renaming effort moves forward — and whether the trademark filings ultimately matter — will depend on decisions made at the state level.

New York Launches Probe Into Trump Judge

4
Gavel via Wikimedia Commons Image

The New York State Commission on Judicial Conduct has launched an investigation into a New York attorney’s claim that he advised Judge Arthur Engoron in the case against former President Donald Trump.

Attorney Adam Leitman Bailey told WNBC-TV that he had a courthouse conversation with Engoron three weeks before the judge would slap Trump with a $454 million penalty for fraudulently inflating the value of his assets.

New York judges are barred from considering outside opinions in such a way when litigating a case, yet Bailey said he discussed the legal questions at length with the judge.

Judge Engoron’s ruling ordered Trump to pay nearly $355 million, Donald Jr. and Eric to each pay $4 million, and ex-Trump Org chief financial officer Allen Weisselberg to pay $1 million. The order also barred Trump from serving as a corporate officer or a director of a company in New York for three years, and barred his sons for two years. The Trumps did avoid the so-called “corporate death penalty;”

“I actually had the ability to speak to him three weeks ago,” Bailey said in an interview with the station on Feb. 16, just hours before the judge issued his ruling.

“I saw him in the corner [at the courthouse], and I told my client, ‘I need to go,’” he recounted.

“And I walked over, and we started talking … I wanted him to know what I think and why … I really want him to get it right,” the attorney continued.

He said he “explained to” Engoron that ruling against Trump would have far-reaching implications beyond destroying the former president, including damaging New York’s economy.

If Trump were forced to pay a hefty fine and shut down his business, it would make other companies concerned about similarly being targeted at any time, even when there were no actual damages or victims, as in this case.

Trump’s legal team raised the same points, which Engoron ignored in his verdict.

In a later interview with WNBC, Bailey walked back his claims slightly, saying they “didn’t even mention the word ‘Donald Trump’” during their conversation.

However, the attorney admitted that it was understood exactly what they were discussing.

“Well, obviously, we weren’t talking about the Mets,” Bailey said.

According to the New York State Rules of Judicial Conduct, “a judge shall not initiate, permit, or consider ex parte communications, or consider other communications made to the judge outside the presence of the parties or their lawyers.”

Al Baker, a spokesman for the state’s Office of Court Administration, denied that the judge had broken those rules.

“The decision Justice Engoron issued February 16 was his alone, was deeply considered, and was wholly uninfluenced by this individual,” Baker said in a statement, according to WNBC.

Watergate Prosecutor Says ‘Trump Is Toast’ In Fraud Trial 

6
Slowking4, CC BY-SA 3.0 , via Wikimedia Commons

Former Watergate prosecutor Nick Ackerman said former President Trump is “toast” in his New York civil fraud case.

New York Attorney General Letitia James’ case accuses Trump, his two adult sons, the Trump Organization, and top executives of falsely inflating the values of Trump’s real estate properties and other assets in order to get tax benefits and better loan terms.

James seeks around $250 million in damages, and she wants to bar Trump and his co-defendants from running another business in New York.

According to The Hill, Ackerman argued people are not only focused on the former president’s testimony but also his deposition with James’s lawyers last summer, where he invoked the Fifth Amendment more than 400 times.

“Now what does it mean to take the Fifth Amendment? It means that you are refusing to answer a question, because a truthful answer would tend to be incriminating,” Ackerman said. “Then what did Donald Trump do last week? He went into court and said, ‘Oh, I didn’t do anything fraudulent, I wasn’t involved in a fraud.’ Which is just the opposite what in effect he was saying when he took the Fifth Amendment in his deposition.”

“So you’ve got contradictory testimony,” Ackerman continued. “You can use his assertion of the Fifth Amendment against him to basically find that he’s lying, that he’s manipulating the system when he goes in, refuses to answer questions, answers the questions in a half-baked manner.”

Earlier this week when Trump took the stand he fiercely defended his business practices and condemned those involved in the case as politically motivated “Trump haters.”

“I just don’t see how this judge at the end of the day is not going to find that, with respect to Donald Trump … ‘Liar, liar, pants on fire,’” Ackerman said.

Ackerman said that in his more than 40 years of civil law experience, he has never seen anyone “do such a stupid move as to suddenly start testifying” after they’ve taken the Fifth Amendment.

Trump To Nominate New Commerce Secretary

0
Donald Trump via Gage Skidmore Flickr

On Tuesday, President-elect Donald Trump is expected to announce his nomination for Secretary of Commerce: Howard Lutnick.

Lutnick is the chair and CEO of Cantor Fitzgerald and is also currently serving as co-chair of the Trump transition. He has notably publicly embraced Trump’s tariff plans, which will be a major part of the job leading Commerce.

The CEO was considered a front-runner to serve as Trump’s Treasury secretary along with Scott Bessent, who served as economic adviser on the Trump campaign.

Trump just released a statement:

I am thrilled to announce that Howard Lutnick, Chairman & CEO of Cantor Fitzgerald, will join my Administration as the United States Secretary of Commerce. He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative.

In his role as Co-Chair of the Trump-Vance Transition Team, Howard has created the most sophisticated process and system to assist us in creating the greatest Administration America has ever seen.

Lutnick beat out Linda McMahon for the role leading Commerce who was considered a front runner and previously led the Small Business Administration during Trump’s first term.

McMahon is also a co-chair of his transition effort.

This is a breaking news story. Click refresh for the latest updates.

Trump Launches New Streaming Platform

0
Donald Trump via Gage Skidmore Flickr

Presumptive Republican presidential nominee Donald Trump’s media company announced the launch of a new video streaming platform this week.

The Daily Caller reported that Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, went public after shareholders approved a merger with Digital World of Acquisition Corporation (DWAC) in March. Trump’s media company detailed its plans to roll out its “new live TV streaming platform” in an email announcement.

“Trump Media & Technology Group Corp. (NASDAQ:DJT) (‘TMTG’ or the ‘Company’), operator of the social media platform Truth Social, announced today that after six months of testing on its Web and iOS platforms, the Company has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network (‘CDN’),” the announcement reads.

The Daily Caller has more:

Trump’s streaming platform will be introduced in three phases, the announcement states. First, it will appear on the Truth Social app. Next, the streaming app will become available separately for download on phones, tablets and additional devices. Phase three of its rollout will encompass Trump’s streaming platform becoming available for download as an app on TVs.

Trump’s streaming service will host content “that has been cancelled, is at risk of cancellation, or is being suppressed on other platforms and services,” the announcement reads. Genres of content include “news networks, religious channels, [and] family-friendly content including films and documentaries.”

D.C. Waitress Fired After Vowing To Refuse Service To Trump Officials

6

A Washington, D.C.-based server has been fired after proudly saying in an interview that she planned to refuse service to Trump officials.

The server was previously employed by Beuchert’s Saloon on Capitol Hill. She took part in a report by Washingtonian magazine about how the service industry would respond to President-elect Donald Trump’s team if they patronized her place of employment.

Most individuals who were interviewed remained anonymous, but Suzannah Van Rooy provided her real name. 

“I personally would refuse to serve any person in office who I know of as being a sex trafficker or trying to deport millions of people,” the server told the outlet, as The Daily Wire previously reported. “It’s not, ‘Oh, we hate Republicans.’ It’s that this person has moral convictions that are strongly opposed to mine, and I don’t feel comfortable serving them.”

“People were a lot more motivated the first time around to do those kinds of shows of passion. This time around, there is kind of a sense of defeat and acceptance,” Van Rooy added. “But I hope that people still do stand up to this administration and tell them their thoughts on their misbehavior.”

Beuchert’s Saloon denounced Van Rooy’s comments and confirmed she was no longer employed there, per Fox News Digital. The neighborhood restaurant and bar called her statements “reprehensible” and “unforgivable.”

“Recent comments made by a member of staff who had no authority to speak on behalf of our entire restaurant have been, quite rightly, flagged as inappropriate, hostile, intolerant, and unacceptable. This staff member does NOT speak for us as a restaurant,” Beuchert’s Saloon said in a statement.

Beuchert’s saloon provided a follow-up after the backlash from the employee’s comments.

“Not only do Ms. Van Rooy’s comments clearly violate our zero-tolerance policy on discrimination, but her decision to sign into our social media accounts in the middle of the night to post her own rhetoric in wildly offensive responses to comments is a further breach of conduct and protocol. She has no authority to speak on our behalf, and her comments do not reflect the positions of over twenty other people who make up our staff,” the statement said.

“For these reasons as well as the sheer dismay and disgust we feel at her unforgivable behavior, Ms. Van Rooy has been dismissed immediately. Our staff and families (many of whom are personally offended by Ms. Van Rooy’s comments about them) are still reeling from what Ms. Van Rooy said and did, and we as a restaurant are simply horrified to be associated with base prejudice.”

Trump’s Truth Social Merger Deal Hits A Pause

0
Photo via Gage Skidmore Flickr

It’s a bad time to be Trump…

New reports indicate the potential merger deal with the former President’s Truth Social platform is dead in the water.

The Daily Beast reports:

The public shell corporation that has been preparing to merge with former President Donald Trump’s technology firm—the parent company of his social media platform, Truth Social—announced Thursday that it was dropping its plans to pursue the merger through a specialized process called a ​​private investment in public equity (PIPE) transaction. The company also said it planned to return $533 million it had raised from investors to complete the deal. The merger between Digital World Acquisition Corp. (DWAC), a special purpose acquisition company, and Trump Media & Technology Group failed to materialize by a September 2022 deadline set by U.S. regulators, giving DWAC the option to back out of the deal. A TMTG spokesperson claimed in a release Thursday that the two companies still planned to merge and said the development was, in fact, a positive step—but declined to comment when pressed by Reuters to say how backing out of the PIPE deal would benefit either party.

This is a breaking news story. Click refresh for the latest updates.

Palm Beach County Signs Off On Trump Airport Trademark Deal

2
Image via Pixabay

Palm Beach County commissioners narrowly approved a controversial trademark agreement Tuesday that clears the way for Palm Beach International Airport to be renamed after President Donald Trump — pushing forward a politically charged project that has divided local leaders and raised fresh concerns about taxpayer costs and oversight.

In a 4-3 vote, the commission signed off on a licensing deal with DTTM Operations LLC, the Trump family company that manages the president’s trademarks. The agreement gives Trump’s organization significant control over how the airport’s new identity is used, including authority over branding, marketing materials and the sale of airport-themed merchandise.

The vote marks the first official action by county commissioners tied directly to the airport renaming effort, which was mandated earlier this year by Florida lawmakers and signed into law by Gov. Ron DeSantis.

Under the agreement, the airport is expected to adopt the name “President Donald J. Trump International Airport,” matching trademark filings submitted by Trump’s company in February.

Supporters of the deal argued the county had little choice but to move forward after state lawmakers forced the renaming through Tallahassee. Republican commissioners said approving the trademark agreement ensures Palm Beach County retains at least some role in negotiations surrounding the airport’s future branding and operations.

But critics warned the agreement grants unusually broad authority to Trump’s business organization while locking the county into a deal with no clear exit strategy.

Democratic commissioners Gregg Weiss, Joel Flores and Bobby Powell Jr. voted against the measure, saying they were given less than 24 hours to review the final agreement before Tuesday’s meeting.

They also raised concerns about provisions allowing Trump’s company to approve how the president’s image and biography are used in airport promotions and displays. Another clause requires airport retailers to source airport-branded merchandise only from vendors approved by Trump’s organization.

Trademark attorney Josh Gerben said portions of the agreement go beyond what is typically included in standard licensing deals.

“Normally a trademark agreement focuses on quality control standards,” Gerben said. “It’s unusual to see language requiring retailers to purchase merchandise from approved sellers selected by the trademark owner.”

County Attorney David Ottey defended the provision during Tuesday’s meeting, saying it was designed to maintain quality standards and insisting the Trump family would not financially benefit from sales made inside the airport. However, county officials acknowledged they still do not know which vendors may ultimately be approved.

The agreement also contains no termination clause, meaning Palm Beach County would remain bound by the deal indefinitely unless state law changes in the future.

Beyond the political controversy, county officials continue to warn about the financial impact of the renaming project. Administrators estimate the airport overhaul — including signage changes, marketing updates, federal documentation and operational adjustments — could cost taxpayers roughly $5.5 million.

County leaders have repeatedly urged the state to cover those costs rather than forcing local officials to redirect funding away from other infrastructure projects.

Officials have also raised concerns in recent months about possible safety and logistical complications tied to changing the airport’s name, particularly involving aviation systems, emergency coordination and federal regulatory updates.

Still, with Tuesday’s approval now complete and Trump having already signed the agreement over the weekend, the renaming effort appears poised to move ahead — cementing one of the most politically symbolic airport name changes in the country.

This article originally appeared on Official Trump Tracker. Republished with permission.