Eric TrumpPresident Trump’s son announced Friday that he intends to file a lawsuit against MS NOW (formerly MSNBC) and host Jen Psaki. The decision came after a monologue on her show that raised questions about whether his business interests and accompanying his father on an important trip to China constituted a conflict of interest.
On her show The Briefing, Psaki Mentioned ALT5 Sigma, a US-based fintech company las vegas Eric Trump previously served as a board observer and is currently seeking to work with Chinese Computer chip manufacturer. The deal aims to establish an AI data center and various other AI-related initiatives linked to the Chinese government. She cited information from the Financial Times.
“I plan to sue @jrpsaki and @MSNOWNews over the following clip,” Trump’s Son said on X. “To be clear: Contrary to her monologue and blatant lies, I have never been on the ALT5 board – not now and never will be.”
Here’s what Eric Trump said on China trip
Eric Trump’s name and listing have been removed from ALT5’s leadership page, Bloomberg reported late last month. However, he said Friday that “anyone with basic access Google And anyone willing to open a company’s annual report or proxy statement will know this. “
Executive Vice President trump card The group further claimed that he had “zero involvement in any merger discussions involving any public entity.” “I have zero business interests in China. No real estate, no investment, nothing!”
“The reason I went on this trip is: as a son who loves my dad, I couldn’t miss spending this incredible moment by his side. @LaraLeaTrump and I went to the Great Wall of China during bilateral talks,” he said of his wife, laura trump.
Eric Trump and his wife were spotted leaving Air Force One on Thursday along with a number of other U.S. business executives. The panel included Tesla CEO Elon Musk, Apple CEO Tim Cook, BlackRock Chairman and CEO Larry Fink, Boeing CEO and President Kelly Ortberg, Citi Chairman and CEO Jane Fraser, Nvidia CEO Jensen Huang and Goldman Sachs’ David Solomon.
Throughout Trump’s two terms in office, his companies have faced widespread scrutiny, with critics claiming the US president has used his time in office to benefit his family and his business ventures.
Jen Psaki fires back at Eric Trump
MS NOW’s Jen Psaki dedicated her “The Brief” show Friday night to fact-checking Eric Trump, who had threatened legal action against her and the network over Thursday’s reports about his business interests.
“Today, the adult son of President Eric Trump went after us on social media, accusing us of lying,” the former Biden press secretary told her audience.
“Specifically, Eric took issue with our characterization of him as… a board member of a company called ALT5.”
Psaki also walked viewers through what she called the “complicated” history of Trump’s formal relationship with the company, emphasizing that ALT5 had earlier announced that Trump would be a member of its board of directors and that SEC filings and the company’s website at one point identified him as a director.
“In a subsequent filing with the SEC, Eric Being designated as an ‘observer’ to the board – a role that usually means you can’t vote at board meetings, but you can attend meetings,” she explains.
However, Psaki believes that the more important issue is ALT5’s close relationship with World Liberty Financial, the Trump family cryptocurrency company co-founded by Eric.
Trump’s participation in the Nasdaq opening last year coincided with ALT5 commemorating its acquisition of a 7.5% stake in World Liberty Financials’ token supply, a deal worth $1.5 billion.
“Of course, Eric said he had no business interests in China and that he attended his father’s official visit for one reason and one reason only: as a loving son who adores his father,” Psaki said. “I’ll let you be the judge.”
