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The biggest event so far in the 2024 election cycle took place in New Hampshire Wednesday evening. 

Former President Trump participated in a town hall event hosted by CNN, with Kaitlan Collins serving as moderator.

The fact that the event was happening at all had drawn some criticism beforehand — mostly, but not exclusively, from liberals and the left.

On the other hand, a ratings bonanza was forecast by many media-watchers.

After all the hype, here are the main takeaways. A disaster for CNN

Trump did not so much win the event as CNN lost it — catastrophically.

Not all of the blame can be placed on Collins, though there were clearly moments when she could have pushed back faster or more strongly.

A far bigger problem was a decision, presumably taken by producers, to have a live audience “made up of Republicans and undeclared voters who tend to take part in New Hampshire’s Republican primary,” as Collins put it in her introductory remarks. Related coverage from the CNN town hall event: Trump snaps at CNN’s Kaitlan Collins: ‘You’re a nasty person’ Trump won’t commit to accepting 2024 election results Ocasio-Cortez on Trump town hall: ‘CNN should be ashamed of themselves’ Trump calls overturning Roe ‘a great victory,’ dodges on federal abortion ban Trump calls E. Jean Carroll a ‘whack job’ after sexual abuse verdict Trump refuses to say 2020 election wasn’t rigged at CNN town hall

What that meant was an audience loudly supportive of Trump at every turn — and plainly disdainful of Collins. 

Around halfway through the event, Trump’s description of Collins as “a nasty person” drew whoops of delight.

Not a single tough question was asked of Trump by any audience member.

Perhaps most strikingly of all, Trump’s denial of ever having met, much less abused, E. Jean Carroll, received raucous approval — despite a nine-person jury having found Trump liable for sexual abuse and defamation of Carroll only the previous day.

Offering his own spin on Carroll’s story, Trump wondered “What kind of a woman meets somebody and brings them up and within minutes you are playing hanky panky in a dressing room, OK?”

Many in the audience laughed.

Media figures, as well as politicians on the left, reacted with horror.

“I can’t believe this is being allowed on @CNN,” tweeted Gretchen Carlson, the former Fox News anchor whose allegations of sexual harassment sparked the downfall of that network’s one-time supremo, Roger Ailes. “This is promulgating the cult leadership of Trump — and people are laughing at sexual assault.”

Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted, “CNN should be ashamed of themselves. They have lost total control of this ‘town hall’ to again be manipulated into platforming election disinformation, defenses of Jan 6th, and a public attack on a sexual abuse victim.”

Ocasio-Cortez added, “The audience is cheering him on and laughing at the host.”

CNN shouldn’t create programming to please Ocasio-Cortez, of course — any more than it should mold coverage to please Trump.

But the network has serious questions to answer about an event that spiraled so abjectly — and set up one of its own rising stars for a humiliating failure. Trump was strikingly evasive on abortion

Collins did have some sliver of success when she pressed Trump on his position on abortion.

She was not able to wring from him a specific answer on whether he would sign a federal abortion ban if he were to win back the presidency in 2024. Yet, the vagueness and evasiveness of his response was revealing.

Trump proclaimed that the Supreme Court’s decision striking down Roe v. Wade last June was “a great victory.” His rationale was an unusual one.

The former president contended that the decision “was an incredible thing for pro-life because it gave pro-life something to negotiate with.”

The explanation that followed was not clear, but Trump appeared to be arguing that, with the erstwhile constitutional guarantee of a right to abortion gone, it was easier to make deals between liberals and conservatives on certain limits to abortion.

Trying to distance himself from the most rigid anti-abortion positions in his party — positions that have fared badly at the polls in recent months — he added, “I happen to believe in the exceptions” to outright bans.

Still, Trump several times avoided Collins’s question on whether he would sign a federal ban. Trump on the debt ceiling: ‘You’re gonna have to do a default’

The former president encouraged his party colleagues on Capitol Hill to hold to a hard line in the ongoing talks about the debt ceiling — even if it came at the price of the kind of U.S. default that virtually all credible economists say would be disastrous.

Trump vigorously backed the position put forward by Speaker Kevin McCarthy (R-Calif.) among others — that the debt ceiling should only be raised if President Biden and the Democrats accede to steep spending cuts.

The White House has declined to countenance that idea. Democrats often note that Republicans voted to raise the debt ceiling three times during Trump’s one term, even as he added more than $7 trillion to the national debt.

Trump insisted Republicans in Congress should stand firm.

“I say to the Republicans out there — congressmen, senators — if they don’t give you massive cuts, you’re gonna have to do a default,” he said.

He predicted that the Democrats would “absolutely cave” in the face of such a strong position.

But, he suggested, even if they did not and the U.S. went into default for the first time in its history, “it’s better than what we’re doing right now because we’re spending money like drunken sailors.” Election lies and downplaying Jan. 6

Perhaps the most predictable part of Wednesday’s event came with Trump’s standard lines about the 2020 election, and his minimization of what took place on Jan. 6, 2021.

In both cases, Collins tried to push back, but a combination of the Trump-backing crowd and his brash demeanor contributed to her getting steamrollered.

Trump said that 2020 was “a rigged election.”

It was not.

He also said that the protesters on Jan. 6 2021 “were there with love in their heart.”

Around 140 police officers were injured on Jan. 6, when a crowd ransacked the Capitol while seeking to overturn a legitimate presidential election and thwart the peaceful transfer of power.

Trump soon afterward became the first American president in history to be twice impeached. The second impeachment was for inciting the Jan. 6 riot. A big night for Trump spells trouble for his GOP rivals

CNN may well have delivered Trump his biggest boost yet in his quest for the 2024 GOP nomination — an ironic twist for a news network to which the former president almost always used to append the term “Fake News.”

All of the traits that Trump’s hardcore supporters admire were on full display on Wednesday — the belligerence, the swatting-aside of criticism and the mocking of opponents and adversaries.

He never came close to being trapped in any politically awkward spot — save perhaps when declining to answer whether he wanted Russia or Ukraine to win the war sparked by Russian President Vladimir Putin’s February 2022 invasion. Tornado touches down in Colorado, caught during live newscast Democrats target CNN over Trump town hall

Above all, CNN got humiliated at his hands — a sweet victory for conservatives who detest the network.

The event plainly reinforced Trump’s position as the dominant player in the GOP field.

That is very bad news for the rivals who are already trailing in his wake.

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Sports

Manfred to rule on Rose ban after Trump meeting

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Manfred to rule on Rose ban after Trump meeting

NEW YORK — Baseball commissioner Rob Manfred said he discussed Pete Rose with President Donald Trump at a meeting two weeks ago and he plans to rule on a request to end the sport’s permanent ban of the career hits leader, who died in September.

Speaking Monday at a meeting of the Associated Press Sports Editors, Manfred said he and Trump discussed several issues, including concerns over how immigration policies could impact players from Cuba, Venezuela and other foreign countries.

Manfred is considering a petition to have Rose posthumously removed from MLB’s permanently ineligible list. The petition was filed in January by Jeffrey Lenkov, a Southern California lawyer who represented Rose prior to the 17-time All-Star’s death at age 83.

“I met with President Trump two weeks ago … and one of the topics was Pete Rose, but I’m not going beyond that,” Manfred said. “He’s said what he said publicly. I’m not going beyond that in terms of what the back and forth was.”

Trump posted on social media Feb. 28 that he plans to issue “a complete PARDON of Pete Rose.” Trump posted on Truth Social that Rose “shouldn’t have been gambling on baseball, but only bet on HIS TEAM WINNING.”

It’s unclear what a presidential pardon might include. Trump did not specifically mention a tax case in which Rose pleaded guilty in 1990 to two counts of filing false tax returns and served a five-month prison sentence.

The president said he would sign a pardon for Rose “over the next few weeks” but has not addressed the matter since.

Rose had 4,256 hits and also holds records for games (3,562) and plate appearances (15,890). He was the 1973 National League MVP and played on three World Series winners.

An investigation for MLB by lawyer John M. Dowd found Rose placed numerous bets on the Cincinnati Reds to win from 1985-87 while playing for and managing the team. Rose agreed with MLB on a permanent ban in 1989.

Lenkov is seeking Rose’s reinstatement so that he can be considered for the Hall of Fame. Under a rule adopted by the Hall’s board of directors in 1991, anyone on the permanently ineligible list can’t be considered for election to the Hall. Rose applied for reinstatement in 1997 and met with Commissioner Bud Selig in November 2002, but Selig never ruled on Rose’s request. Manfred in 2015 denied Rose’s application for reinstatement.

Manfred said reinstating Rose now was “a little more complicated than it might appear on the outside” and did not commit to a timeline except that “I want to get it done promptly as soon as we get the work done.”

“I’m not going to give this the pocket veto,” Manfred said. “I will in fact issue a ruling.”

Rose’s reinstatement doesn’t mean he would automatically appear on a Hall of Fame ballot. He would first have to be nominated by the Hall’s Historical Overview Committee, which is picked by the Baseball Writers’ Association of America and approved by the Hall’s board.

Manfred said he has been in regular contact with chairman Jane Forbes Clark.

“I mean, believe me, a lot of Hall of Fame dialogue on this one,” Manfred said.

If reinstated, Rose potentially would be eligible for consideration to be placed on a ballot to be considered by the 16-member Classic Baseball Era committee in December 2027.

Manfred said he doesn’t think baseball’s current ties to legal sports betting should color views on Rose’s case.

“There is and always has been a clear demarcation between what Rob Manfred, ordinary citizen, can do on the one hand, and what someone who has the privilege to play or work in Major League Baseball can do on the other in respect to gambling,” Manfred said. “The fact that the law changed, and we sell data and/or sponsorships, which is essentially all we do, to sports betting enterprises, I don’t think changes that.

“It’s a privilege to play Major League Baseball. As with every privilege, there comes responsibilities. One of those responsibilities is that they not bet on the game.”

Manfred did not go into details on his discussion with Trump over foreign-born players other than to say he expressed worry.

“Given the number of foreign-born players we have, we’re always concerned about ingress and egress,” Manfred said. “We have had dialogue with the administration about this topic. And, you know, they’re very interested in sports. They understand the unique need to be able to go back and forth, and I’m going to leave it at that.”

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Technology

Palantir is soaring while its tech peers are sinking. Here’s why

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Palantir is soaring while its tech peers are sinking. Here's why

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the AIPCon conference in Palo Alto, California, US, on March 13, 2025.

David Paul Morris | Bloomberg | Getty Images

Tech stocks have struggled in 2025, as recession and trade war fears sap investor appetite for riskier assets.

Palantir is the exception.

Against a volatile market backdrop, the software maker’s stock has gained 45% and is the best performer among companies valued at $5 billion or more, according to FactSet. The closest tech names are VeriSign, up 33%, Okta, up 30%, Robinhood, up 29%, and Uber, up 29%.

President Donald Trump‘s frenzy of government department overhauls is partially to thank for the pop.

“When you think about macroeconomic concerns, you as a company need to be more efficient, and this is where Palantir thrives,” said Bank of America analyst Mariana Pérez Mora.

Palantir has set itself apart in the software world for its artificial-intelligence-enabled tools, gaining recognition for its defense and software contracts with key U.S. government agencies, including the military. In the fourth quarter, its government revenues jumped 45% year-over-year to $343 million.

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Companies have faced immense volatility in 2025 as tariffs threaten to jeopardize global supply chains and halt day-to-day manufacturing operations by hiking costs. Those fears have brought the broad market index down about 7% this year, while the tech-heavy Nasdaq Composite has slumped 11%.

Tech’s megacap companies — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla — are all down between 7% and 31% so far this year.

At the same time, the Trump administration has clamped down on government spending, giving Tesla CEO Elon Musk‘s Department of Government Efficiency freedom to slash public sector costs. Some administration officials have touted shifting dollars from consulting contracts to commercial software providers like Palantir, said William Blair analyst Louie DiPalma.

“Palantir’s business model is highly aligned with the priorities of the Trump administration in terms of increasing agility and being very quick to market,” he said.

That’s put Palantir in the league with major contractors such as Lockheed Martin and Northrop Grumman, which have outperformed in this year’s downdraft. Many companies in the space are also looking to partner with the firm and tend to flock to defense during recessionary times, DiPalma said.

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Palantir vs. the Nasdaq Composite

CEO Alex Karp has also been a vocal supporter of American innovation and the company’s central role in helping prop up what he called the “single best tech scene in the world” during an interview with CNBC earlier this year. Karp also told CNBC that the U.S. needs an “all-country effort” to compete against emerging adversaries.

But the ride for Palantir has been far from smooth, and shares have been susceptible to volatile swings. Shares sold off nearly 14% during the week that Trump first announced tariffs. Shares rocketed 22% one day in February on strong earnings.

Its inclusion in more passive and quant funds over the years and the growing attention of retail traders has added to that turbulence, DiPalma said. Last year, the company joined both the S&P and Nasdaq. Palantir trades at one of the highest price-to-earnings multiples in software and last traded at 185 times earnings over the next twelve months. That puts a steep bar on the stock.

“There really is no margin for error,” he said.

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Technology

NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

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NXP Semi shares sink on tariff concerns, CEO Kurt Sievers to step down

Kurt Sievers, chief executive officer of NXP Semiconductors NV, during the Federation of German Industries (BDI) conference in Berlin, Germany, on Monday, June 19, 2023.

Liesa Johannssen-Koppitz | Bloomberg | Getty Images

NXP Semiconductor Inc. fell about 8% on Monday after the chip company announced that CEO Kurt Sievers will step down as part of its latest earnings.

Here’s how the company did, versus LSEG consensus estimates:

  • Earnings per share: $2.64 adjusted vs. $2.58 expected
  • Revenue: $2.84 billion vs. $2.83 billion expected

Sievers will retire at the end of the year, with Rafael Sotomayor stepping in as president on April 28, 2025.

The company beat expectations on the top and bottom lines but cited a “challenging set of market conditions” looking forward.

“We are operating in a very uncertain environment influenced by tariffs with volatile direct and indirect effects,” Sievers said in an earnings release.

Sales in NXP’s first quarter declined 9% year over year.

The company posted $1.67 billion in auto sales during the first quarter, trailing analyst estimates of $1.69 billion.

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NXP Semi said that second-quarter sales would come in at a midpoint of $2.9 billion, ahead of the $2.87 billion that analysts were projecting. Second-quarter adjusted EPS will be $2.66, in line with analyst estimates.

The company logged first-quarter net income of $490 million, which was a 23% year-to-year drop from $639 million.

NXP’s net income per share was $1.92 compared to $2.47 during the same time a year ago. A drop of 22%.

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