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Judge orders Trump administration to stop threatening election officials with criminal charges
The Justice Department recently sent letters to state and local election officials across the country warning them of criminal penalties related to failing to comply with records retention.
Peltola denies knowing about Alaska spoiler candidate as Justice Department escalates investigation
Democratic Senate candidate Mary Peltola denied Thursday that she knew anything about an effort to put another candidate on the Alaska ballot with the same name as the Republican incumbent as the Justice Department escalated a criminal investigation with new grand jury subpoenas.
Which Dan? Alaskans on the double Sullivan ballot for senate
The Justice Department has dramatically accelerated a criminal probe into whether Alaska Democrats sought to confuse voters by recruiting a Senate candidate intended to siphon votes from the Republican, according to people familiar with the investigation. CNN’s Kyung Lah talked to early voters.
Justice Department’s Dan Sullivan criminal probe accelerates after Alaska campaign revelations
The Justice Department has dramatically accelerated a criminal probe into whether Alaska Democrats sought to confuse voters by recruiting a Senate candidate intended to siphon votes from the Republican, issuing
Trump administration kills science ed program named for Lou Stokes; Rep. Shontel Brown appeals
U.S. Rep. Shontel Brown wants the Justice Department to provide the evidence it used to support canceling several National Science Foundation programs including one named after former Rep. Louis Stokes of Cleveland
Federal judge warns Trump administration bid to set aside 20,000 California mail ballots would ‘wreak havoc’
A federal judge is refusing to allow the Justice Department to intervene in California’s ongoing mail-in ballot counting, warning that the Trump administration’s request to segregate 20,000 ballots to vet voters’ citizenship would “wreak havoc and disrupt the election that is already underway.”
DOJ fires back at Dem AG over Election Day guidance telling officials when to call cops on federal agents
The Justice Department slammed Jay Jones' Election Day guidance as "bluster" after Virginia advised poll workers to call police on DOJ monitors.
Judge Questions Trump Administration’s Need to Target Noncitizen Voters
In the legal tangle between the Justice Department and California, a federal judge on Tuesday deferred a ruling but said the government already had a remedy it could use after the election.
Grand jury refuses to indict former White House aide Cassidy Hutchinson, AP sources say
It's the latest setback in the Justice Department's efforts to charge Trump's perceived adversaries.
Trump administration asks Washington state to hold more than 400 people’s ballots
The Justice Department has claimed the individuals may not be eligible to vote, weeks after making a similar request in California.
Appeals court declines to block California from counting 20,000 disputed ballots
An appeals court has declined to rule on whether California elections officials can count roughly 20,000 ballots that the Justice Department alleges belong to noncitizen voters. Monday's decision sets the
Former FBI director faces new attempt at prosecution from Trump administration
It would be the third criminal case that the Justice Department has brought against the longtime critic and foe of President Donald Trump.
Judge: Maurene Comey was illegally fired from Justice Department
A federal judge on Monday found the Justice Department’s firing of Maurene Comey, a former federal prosecutor who presided over several high-profile cases including those of Jeffrey Epstein and Sean “Diddy” Combs, was unconstitutional.
9th Circuit questions DOJ demand to set aside 20,000 California mail ballots
A panel of federal appellate judges on Sunday questioned the timing, constitutionality and authority of the Justice Department's demand
9th Circuit panel questions basis for feds' request to block 20,000 California ballots
Two judges questioned the Justice Department's lawyer about how the Trump administration's position squared with the law.
Judges skeptical of Trump administration effort for force California to set aside mail ballots
A three-judge US Circuit Court of Appeals panel expressed significant skepticism Sunday over the Justice Department’s desire to inject itself into California’s midterm vote-counting process by forcing election officials to set aside the votes of suspected noncitizens who have been issued mail ballots.
Trump’s Election Attacks Enter New Pre-emptive Phase
A lawsuit by the Justice Department challenging a potential narrow loss by the GOP Senate incumbent in Alaska reflects a new tactic by the president to try to shape the election results.
Blanche defends DOJ lawsuit blocking Alaska Senate results if Republican loses
Attorney General Todd Blanche defended the Justice Department's suit over Alaska's Senate race in an interview on CNN.
Adam Schiff responds to DOJ’s Alaska threat: ‘it’s Alaska’s business’ to run elections
In an exclusive interview with Meet the Press, Sen. Adam Schiff (D-Calif.) says “it's not the federal government's business to run Alaskan elections,” after the Justice Department sued to block certification of Alaska’s election results if Sen. Dan Sullivan loses, due to another candidate with the same name appearing on the ballot.
Justice Department orders California counties to set aside ballots from suspected noncitizens
The Justice Department on Friday ordered California election officials to identify suspected noncitizens on voter rolls and set aside their mail-in ballot – warning that officials who knowingly count ballots cast by noncitizens could face criminal liability.
What to Know About Alaska’s Senate Race
President Trump told the Justice Department to intervene in the race, where polling shows Republicans at risk of losing a seat.
Corey Lewandowski Always Found His Way Back to Trump. Until Now.
The Justice Department has opened an inquiry into Mr. Lewandowski. President Trump has not jumped to his defense.
Trump administration sues to block Alaska Senate certification if Republican Sen. Dan Sullivan loses in November
The Justice Department said the presence of two Dan Sullivans on the ballot makes it “vital” that the state “not certify any election result that may be impacted by voter confusion.”
Justice Dept. Moves to Block Certification of Alaska Senate Race Results if Republican Loses
The Justice Department, in a highly unusual court filing, argued that confusion over candidates with similar names could taint the election result.
Department of Health and Human Services and the Justice Department’s Civil Division Announce Anti-Fraud Healthcare Self-Disclosure Pilot Program
HHS launched a six-month Healthcare False Claims Act Self-Disclosure Pilot Program for healthcare companies
Virginia State Senator L. Louise Lucas charged in public corruption case
The 82-year-old surrendered to authorities to face charges Thursday, the Justice Department said. She was charged along with a half-dozen others.
Feds claim 17,000 other potential noncitizen voters in California
Filings in the Justice Department's lawsuit accusing California officials of facilitating election fraud reveal new details about the underlying investigations.
Obama calls Trump administration’s investigation into Ilhan Omar ‘appalling’
Former President Barack Obama on Sunday called the Justice Department’s investigation into Rep. Ilhan Omar “appalling,” saying the government is attempting to intimidate and deport one of President Donald Trump’s most outspoken critics.
Week in Politics: Trump's Russian diesel deal update; why the DOJ is suing California
We look at where things are in the deal President Trump says he made to import Russian diesel, plus the reason why the Justice Department is suing California.
Why America’s Political Divide Is Also an Economic Divide
Plus, the Justice Department sued California to block mail-in ballots from 20,000 people, and Trump nixed the planned livestream of a military execution.
Rep. Ilhan Omar's phone seized and relatives subpoenaed in probe, AP source says
The Justice Department has historically sought to avoid public investigative actions involving a candidate within 60 days of a primary or general election
Trump administration escalates voter roll fight with threats against California election officials
The Trump administration threatened to take legal action against California election officials if they did not review a list of alleged noncitizens on Los Angeles’ voter rolls within 48 hours, according to a Tuesday letter from the Justice Department obtained by CNN.
Justice Dept. Issues Subpoenas in Ilhan Omar Investigation
After years of investigation, the Justice Department appears to be intensifying a criminal inquiry into the immigration history of Ilhan Omar, a Minnesota Democrat, and her family.
Rep. Ilhan Omar’s home searched by federal agents in ongoing criminal probe
The Justice Department did not provide details about the nature of the investigation.
Federal agents search Rep. Ilhan Omar’s home in criminal probe, AP sources say
The Justice Department said in a statement Monday that Homeland Security Investigations agents executed a judicially authorized search warrant
Trump’s DOJ probes major TV networks over response to White House ban of CNN
The Justice Department is investigating the five major US TV networks for possible antitrust violations, opening yet another front in the Trump administration’s pressure campaign against the press.
Justice Department probes TV networks over Trump pool boycott
The Justice Department is investigating ABC, CBS, CNN, NBC and Fox News over their joint boycott of White House coverage. The boycott came after The White House pulled credentials from CNN, MS NOW and Politico.
AG Blanche, other high-level DOJ appointees can take part in political campaigns, memo says
The Justice Department has loosened the guidelines for the attorney general and other senior political appointees, allowing them to participate in political activities.
Justice Department asks court to let Trump reinstate White House press ban
The Justice Department argued that President Donald Trump should be allowed to reinstate his White House ban of CNN, MS NOW and Politico in a court filing late Friday ahead of a hearing next week in the lawsuit from the news companies.
Massachusetts man charged with cyberstalking conservative podcaster Katie Miller
The Justice Department charged a military veteran Thursday for allegedly making dozens of disturbing texts and calls to Katie Miller, a conservative podcaster married to White House senior adviser Stephen Miller, and her family.
DOJ ramps up fight against federal judges after some in Minnesota speak to media about immigration surge cases
The Justice Department is filing a judicial misconduct complaint against nearly all the federal judges in Minnesota, Attorney General Todd Blanche announced Wednesday, in an escalation in tensions between the Trump administration and the judicial branch, which came to a head during the winter surge of immigration enforcement.
Jack Smith appears for Senate Judiciary Committee hearing in Washington
Jack Smith, former special counsel at the Justice Department, looks on ahead of his testimony before a Senate Judiciary Committee hearing at Capitol Hill in Washington, D.C., US, September 29,
Kurt Olsen, key Trump 2020 election denier, departs Justice Department
Kurt Olsen, a lawyer who aided President Donald Trump’s 2020 election reversal schemes before joining his second administration, left the Justice Department Monday, a person familiar with the departure told CNN.
Second Prosecutor Quits Trump’s ‘Grand Conspiracy’ Case
The resignation adds to the setbacks to the most sweeping effort by the Justice Department to fulfill the president’s desire to take revenge against the federal officials who have investigated him.
Federal judge rolls back landmark disability protections
The Justice Department said in June that it would no longer enforce laws that prioritized people with disabilities living and receiving services in their communities, rather than in nursing homes or facilities. It is making good on that promise.
Autonomous AI hacks raise thorny questions of legal accountability
The Justice Department has a long history of investigating and prosecuting hackers who break into a private company’s network. But what happens when the hackers aren’t human? That’s the question
Justice Department Sides With Churches in Political Speech Case
The Justice Department told an appeals court it largely agrees with the religious groups suing it over how far churches can wade into politics and still keep their tax-exempt status.
2nd NYC health system makes deal
A second major New York City health system has struck a deal with the Trump administration to no longer provide gender-transition care to adolescents and pay a penalty to the federal government, the Justice Department announced on Friday.
Under pressure from Trump administration, NYU Langone Health will end gender-affirming care to minors and pay an $8.5M fine
The head of Gender Equality New York assailed NYU Langone for its "surrender" to the Justice Department, and the Trump administration for "attacking our small, marginalized community."
Ban on selling handguns to young adults under 21 is unconstitutional, Justice Department says
The Justice Department says federal law banning licensed firearms dealers from selling handguns to young adults under age 21 is unconstitutional and can’t be enforced | KNX News 1070 AM
Ban on selling handguns to young adults under 21 is unconstitutional, Justice Department says
The Justice Department says federal law banning licensed firearms dealers from selling handguns to young adults under age 21 is unconstitutional and can’t be enforced | Newsradio 1140 WRVA
Attorney General Blanche blurs Justice Department boundaries by appearing at political events
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with recent speeches at political events that mark a sharp departure from norms meant to protect the Justice Department from the appearance of partisan bias.
Attorney General Blanche's appearances at political events blur Justice Department boundaries
WASHINGTON (AP) — Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with recent speeches at political events that mark a sharp departure from norms meant to protect the Justice Department from the appearance of partisan bias.
Attorney General Blanche's appearances at political events blur Justice Department boundaries
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with speeches at political events that depart from longstanding norms meant to protect the Justice Department from the appearance of partisan bias.
Attorney General Blanche's appearances at political events blur Justice Department boundaries
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with speeches at political events that depart from longstanding norms meant to protect the Justice Department
Blanche's appearances at political events test Justice Department norms
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with speeches at political events that depart from longstanding norms meant to protect the Justice Department from the appearance of partisan bias.
Attorney General Blanche's appearances at political events blur Justice Department boundaries
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with speeches at political events that depart from longstanding norms meant to protect the Justice Department from the appearance of partisan bias | WWL
Attorney General Blanche's appearances at political events blur Justice Department boundaries
Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with speeches at political events that depart from longstanding norms meant to protect the Justice Department from the appearance of partisan bias | K-DAWN
Attorney General Blanche's Appearances at Political Events Blur Justice Department Boundaries
WASHINGTON (AP) — Attorney General Todd Blanche is blurring traditional boundaries between politics and federal law enforcement with recent speeches at political events that mark a sharp departure from norms meant to protect the Justice Department from the appearance of partisan bias. Blanche took ...
Blanche’s Political Campaigning Breaks an Ethical Norm Going Back to Watergate
The attorney general’s campaign politicking for Republicans adds to the degradation of post-Watergate values at the Justice Department.
Trump ordered DOJ not to appeal ruling that loosened limits on "gangster weapons," sources say
President Trump ordered the Justice Department not to appeal a court ruling that loosened restrictions on firearms known as "gangster weapons," sources familiar with the matter told CBS News.
Judge refers Philadelphia’s progressive district attorney to DOJ for prosecution
A federal judge referred Philadelphia District Attorney Larry Krasner and one of his top prosecutors to the Justice Department for potential obstruction of justice, perjury and false statements tied to the recent review of a 2009 murder conviction.
Trump loyalist probing Mar-a-Lago search says DOJ tensions sparked his resignation
“Lanes got crossed,” Joe diGenova told NBC News after his departure from the Justice Department.
Justice Department secures first-of-its-kind deportation through secretive court
(CNN) — In a victory for President Donald Trump, the Justice Department announced Friday that it secured a first-of-its-kind deportation through the Alien Terrorist Removal Court, a secretive tribunal that
Justice Department secures deportation of Afghan woman through secretive ‘Alien Terrorist’ court
In a victory for President Donald Trump, the Justice Department announced Friday that it secured a first-of-its-kind deportation through the Alien Terrorist Removal Court, a secretive tribunal that had never been used before the administration activated it this summer.
Justice Department directs states to hold on to 2024 election records
The Justice Department sent letters to 29 states and the District of Columbia
Justice Department directs states to hold on to 2024 election records
The Justice Department sent letters to 29 states and the District of Columbia
Justice Department directs states to hold on to 2024 election records
The Justice Department sent letters to 29 states and the District of Columbia
Justice Department directs states to hold on to 2024 election records
The Justice Department sent letters to 29 states and the District of Columbia
Trump admin pick to oversee a conspiracy investigation into president’s foes resigns
The Trump administration’s pick to oversee a conspiracy investigation into the president’s foes has resigned under pressure from the Justice Department.
Colorado congressman asks DOJ to investigate violent student ICE walkout
U.S. Rep. Jeff Crank is asking the Justice Department to investigate violence at last week’s anti-ICE student walkout in Denver, including whether outside organizations helped organize, fund, or influence the demonstration. Crank sent a letter Tuesday requesting the investigation to Harmeet K. Dhillon, assistant attorney general for civil rights at the U.S. Department of Justice. […]
DOJ Official Queried a Dozen Journals on 'Partisan' Views in 2025
The Justice Department fulfilled the public records request for the letters just as their author departed the agency.
Within days of the January 2025 inauguration, more than 3,000 taxpayer-funded federal data sets from the CDC, the Justice Department and the Office of Personnel Management were pulled offline, and Harvard public health researchers held marathon sessions scraping the pages before they vanished
Within days of the January 2025 inauguration, thousands of federal datasets began disappearing from public websites. Researchers scrambled to mirror the pages before they vanished — and much of what was captured cannot fully replace what was lost.
Is Work Starting for Trump’s Arch? It Depends Who’s Asking.
The Justice Department told a court the government would only conduct archaeological excavation, a day after a Trump official announced the project was in motion.
Exclusive | DOJ Staff Were Told to Pause Antitrust Work With Canadian Government
The Justice Department said that an official who sent a “Pause on Canada” email had misunderstood a directive and that it continues to cooperate with the Canadian government amid a trade dispute.
Federal judge tosses Trump lawsuit over young trans athletes in California school sports
In a major LGBTQ+ rights victory, the justice department cannot force the state to ban trans girls from women’s sports
Without Trump’s name, Kennedy Center may need to be demolished, DOJ says
The Justice Department made the claim in a court filing in the saga over whether the president's name can be added to the cultural institution
Without Trump’s name, Kennedy Center may need to be demolished, DOJ says
The Justice Department made the claim in a court filing in the saga over whether the president's name can be added to the cultural institution
Monogram Health to pay $2.4M to settle Medicare Advantage upcoding allegations
The Justice Department told Healthcare Dive that Monogram, a home health company, overcharged Medicare through contracts with Cigna and Humana by inflating diagnostic codes.
Judge in Don Lemon indictment asks to see grand jury records, adding to growing scrutiny of Justice Department cases
A federal judge in Minnesota will probe this week whether grounds exist to toss the Justice Department’s case against journalist Don Lemon. It’s the latest example of judges’ growing skepticism of whether the department is behaving ethically behind closed doors in grand jury proceedings.
Supreme Court again denies Trump's push to toss out $5 million verdict in E. Jean Carroll case
Trump and the Justice Department are also asking the high court to toss out a second Carroll verdict totaling $83 million.
Blanche declines to pledge independence from the White House
Attorney General Todd Blanche on Sunday declined to commit to always acting independently of the White House, a concern among critics who worry the Justice Department is carrying out President Donald Trump’s political agenda.
Blanche Refuses to Say He’ll Always Be Independent of Trump as Attorney General
The new head of the Justice Department said on “Meet the Press” on Sunday that the president had never asked him to prosecute specific people — and never would.
Todd Blanche makes plea for unity at Justice Department
In his inaugural address to the Justice Department workforce on Thursday, Attorney General Todd Blanche pledged to make the department “more faithful to its highest ideals than when I found it.”
Trump DOJ formally stakes out bold claim that presidential advisers outside government are protected by privilege
Communications that President Donald Trump has with advisers who don’t even work for his administration can be protected by executive privilege, the Justice Department said in a memo Monday evening that comes amid lawsuits and a possible Democratic takeover of Congress.
In Confirming Blanche, Senators Endorse a Justice Dept. Under Trump’s Sway
Time and again, Todd Blanche has made it clear that he believes President Trump possesses a nearly limitless right to directly control the actions of the Justice Department.
A pardoned Capitol riot defendant wants her restitution money back. The Justice Department wants to keep it
After the protracted demise of the $1.776 billion fund meant to pay perceived victims of government lawfare, prosecutors say they don’t have to give a now-pardoned January 6, 2021, defendant her restitution money back.
Blanche's attorney general confirmation is in doubt as GOP Sen. Murkowski opposes his nomination
Republican Sen. Lisa Murkowski said Friday she will oppose Todd Blanche’s nomination as attorney general, narrowing the confirmation path for President Donald Trump’s pick to lead the Justice Department.
The Latest: Senate committee votes to hold Fauci in contempt over refusal to answer questions
A Senate committee has voted to hold Dr. Anthony Fauci in contempt of Congress and refer him to the Justice Department for potential prosecution over his refusal to answer questions at a hearing last week on his handling of the COVID-19 pandemic
WA lawyers seek to hand Trump admin 21st loss in voter-roll lawsuits
Attorneys for the Justice Department and WA Secretary of State Steve Hobbs clashed at a court hearing over a federal lawsuit demanding state voter data.
OpenAI pays $3.2 million to settle US worker bias claim
OpenAI disputes the Justice Department's view, but said it wanted to move forward with a program to support employees "requiring immigration support."
MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
What a new Justice Department filing says about the ‘botched’ Reflecting Pool renovation
The Justice Department on Friday said the rush to complete President Donald Trump’s renovation of the Lincoln Memorial Reflecting Pool led to “hasty and botched work,” shedding new light on the problems behind the Washington landmark’s $14 million facelift.
Trump’s reflecting pool debacle takes a predictably scandalous turn
Nothing about what happened Friday, when the Justice Department dropped its case against a purported Lincoln Memorial Reflecting Pool vandal, was completely surprising.
VA Employee, CEO Plead Guilty to $14 Million Health Care Kickback Scheme
The Florida-based individuals worked together to fraud patients of the VA Community Care Program (VACCP), per the Justice Department.
Blanche nomination in peril as key GOP senator rails on DOJ over controversial fund
Todd Blanche’s nomination to be President Donald Trump’s attorney general is hanging in the balance with a key GOP senator saying the Justice Department has not done enough to assure him a controversial $1.8 billion “anti-weaponization” fund won’t move forward.
Biden ghostwriter tapes to be released
Former President Joe Biden is declining to appeal a court ruling that allows the Justice Department to publicize recordings of conversations between him and a writer collaborating on his memoir.
SEE IT: Mills denies alleged DOJ investigation, claims political opponent is behind it
Rep. Cory Mills, R-Fla., is denying allegations from a source familiar to Fox News that the Justice Department is investigating him, claiming a Florida Republican primary opponent is behind it. (Credit: Nicholas Ballasy for Fox News Digital)
Rep. Jim Jordan refers Jack Smith for possible prosecution, saying he have have misled on Trump probe
Jordan referred Smith to the Justice Department for possible prosecution related to closed-door testimony about whether he had obtained records of lawmakers while investigating Trump's efforts to overturn his 2020 presidential election loss. Lawyers for Smith deny the allegation and say he testified truthfully.
House Republican accuses Smith of lying about Trump probe and refers him for possible prosecution
A key Republican lawmaker says he believes that special counsel Jack Smith may have lied to Congress while testifying about his investigation of President Donald Trump and that the Justice Department should consider prosecuting him