Business Maverick: WeChat Users Want to See Evidence Behind Trump’s Ban on App

The US WeChat Users Alliance asked the judge Thursday to order the government to turn over the evidence on an expedited basis so that they can use it in their bid for a preliminary injunction. The U.S. is opposing the evidence request.

The U.S. is arguing the group isn’t entitled to any evidence because the executive order has no legal effect on them and courts can’t review national security determinations by the president. Only the Commerce Department’s implementation of the order may be challenged, the government maintains. Separately, Patrick Ryan, a TikTok employee who sued Trump last month to block a ban on the video-sharing app under the same executive order, on Thursday asked for a preliminary injunction against the Commerce Department enforcing Trump’s order. TikTok employees don’t even know if they will violate the order, which prohibits otherwise unspecified transactions with the company, by showing up for work or accepting a paycheck, Ryan said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Robinhood Probed by SEC Over Payments From High-Speed TradersRobinhood Markets faces a U.S. regulatory probe into whether the firm properly informed brokerage clients that it sold their stock orders to high-frequency traders and other Wall Street firms, according to a person with direct knowledge of the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Seven Nobel Winners Sign Letter Opposing Shelton Fed NominationA group of more than 100 prominent economists, including seven Nobel Prize laureates, have signed a new open letter to U.S. senators urging them to reject President Donald Trump’s nomination of Judy Shelton to the Federal Reserve’s Board of Governors.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tesla Share Price Has Gone MadBlunders with Paul Theron from Vestact
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Yum China Guides Hong Kong Listing Price at HK$412 EachYum China Holdings Inc. is telling prospective investors it plans to price its second listing in Hong Kong at HK$412 per share, putting it on course to raise HK$17.3 billion ($2.2 billion), according to people familiar with the matter.
Source: dailymaverick - 🏆 3. / 84 Read more »