Type: announcement

Senators Bill Cassidy and Cory Booker have filed an amicus brief opposing President Trump's 'weaponization' fund, labeling it a significant threat to Congressional authority and the constitutional order. This development highlights a rare bipartisan concern among lawmakers regarding the fund's implications for federal spending and governance.

The Obama Presidential Center, set to open on Juneteenth, represents a significant investment in Chicago's South Side, with a total cost of $850 million and a ticket price of $30, making it the most expensive presidential museum to visit. Its private operation by the Obama Foundation allows for greater flexibility in storytelling and aims to stimulate local economic growth.

John Bolton's agreement to plead guilty to retaining classified information highlights ongoing legal challenges faced by former Trump administration officials, which could have broader implications for political accountability and public trust in government.

Coinbase has launched a new product allowing traders to gain price exposure to private companies like SpaceX through perpetual futures contracts, catering to growing retail investor demand for pre-IPO opportunities.

Kalshi is developing a sophisticated new interface for its prediction markets, akin to a 'Bloomberg Terminal,' aimed at enhancing the trading experience for its most engaged users. This move could significantly elevate the platform's appeal and functionality in the competitive prediction market space.

Blackstone's decision to limit withdrawals from its $79 billion BCRED fund highlights growing liquidity concerns in private markets, as investor redemption requests surge amid fears of a broader downturn.

Pirelli is taking legal action against Grizzly Research following allegations of the company's significant ties to Russia, which could pose national security risks. This situation raises concerns for investors regarding Pirelli's reputation and financial stability amid geopolitical tensions.

A version of this article appeared in the CNBC Sport newsletter with Alex Sherman, which brings you the biggest news and exclusive interviews from the worlds of sports business and media.

Partners Group's decision to restrict investor withdrawals across more of its funds signals growing instability in the private equity sector, following a surge in redemption requests that has already affected private credit markets.

Finnish President Alexander Stubb advocates for a significant expansion of the European Union to include up to 40 member states, highlighting potential candidates such as the U.K., Canada, and Turkey. This proposal comes amid geopolitical shifts and could reshape the EU's global influence.