Author: Sarah Shamim
Published on: 24/10/2025 | 00:00:00
AI Summary:
Trump has begun construction of a $300m ballroom on the site of what was the White House’s East Wing. It involves tearing down the existing East Wing, which had housed the first lady’s offices and was used for ceremonies. The work is being funded via private donations from individuals, corporations and tech companies, including Google and Amazon. YouTube will pay $22m towards the ballroom construction as part of a legal settlement with Trump relating to a lawsuit he brought in 2021 over the suspension of his account. YouTube and Google have the same parent company, Alphabet. The White House did not disclose how much donors would contribute. On September 30, a US federal judge ruled that shareholders could pursue a narrowed lawsuit accusing the company of hiding key business risks, including the risk of a lawsuit by the Securities and Exchange Commission (SEC) the company illegally monopolised online search and search advertising. In February, Lockheed Martin agreed to pay $29.74m to resolve federal allegations that the company had overcharged the US government. The brothers are US investors and entrepreneurs known for cofounding the cryptocurrency exchange Gemini and Winklevoss Capital. Last month, the SEC agreed to settle a lawsuit over Gemini’s unregistered cryptocurrency-lending programme offered to retail investors.
Original: 1012 words
Summary: 207 words
Percent reduction: 79.55%
You must log in or # to comment.