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On July 13, 2006, Stormy Daniels says, she had sex with former President Donald Trump in his suite at the Harrah’s Lake Tahoe Hotel and Casino, where he was staying during the American Century Celebrity Golf Championship. At the time, Daniels was a 27-year-old porn star who had started writing and directing adult films, and Trump was a 60-year-old billionaire real estate developer who had gained renewed celebrity as the star of the NBC reality TV show The Apprentice. He had married his third wife, former model and future First Lady Melania Trump, the previous year, and their son was four months old.

A decade later, shortly before the 2016 presidential election, Daniels agreed to keep quiet about that alleged 2006 encounter in exchange for a $130,000 payment from Michael Cohen, Trump’s personal lawyer. That agreement is at the center of Trump’s first and possibly last criminal trial, in which Daniels testified this week at the New York County Criminal Courthouse in Manhattan. In trying to peddle her story to the press as Trump was running against Hillary Clinton, Daniels told the jury, “My motivation wasn’t money. It was to get the story out.”

That implausible claim illustrates a broader problem that the prosecution faces in trying to establish that Trump committed 34 felonies by disguising his 2017 reimbursement of Cohen’s payment to Daniels as legal fees. Even leaving aside the convoluted, legally dubious theory underlying those charges, prosecutors are relying on the testimony of several key witnesses who do not seem trustworthy.

Daniels said she decided to go public with her story in early October 2016, when The Washington Post published a 2005 video in which Trump bragged to Access Hollywood host Billy Bush about what he could get away with as a celebrity. “You know, I’m automatically attracted to beautiful [women],” Trump said. “I just start kissing them. It’s like a magnet. Just kiss. I don’t even wait. When you are a star, they let you do it. You can do anythinggrab them by the pussy. You can do anything.”

Prosecutors have emphasized the importance of that recording in understanding why Trump was eager to silence Daniels. His motivation, in turn, is crucial to the argument that the hush payment was a campaign expenditure, that Cohen therefore made an excessive campaign contribution by fronting the money, and that Trump falsified business records to cover up that crime.

“Those were Donald Trump’s words on a video that was released one month before Election Day,” lead prosecutor Matthew Colangelo said in his opening statement. “And the impact of that tape on the campaign was immediate and explosive. Prominent allies withdrew their endorsements; they condemned Donald Trump’s language….The Republican National Committee even considered whether it was too late to replace their own nominee and find another candidate for the election a month before Election Day.”

Trump and his campaign staff “were deeply concerned that the tape would irreparably damage his viability as a candidate and reduce his standing with female voters in particular,” Colangelo told the jury. So the next day, when Cohen learned from David Pecker, then the CEO of the company that owned theNational Enquirer, that Daniels was pitching her story, Trump “was adamant that he did not want the story to come out. Another story about sexual infidelity, especially with a porn star, on the heels of the Access Hollywood tape, could have been devastating to his campaign.”

As Daniels tells it, she was equally determined to tell her story. Yet she ultimately decided that was less important than reaping a windfall from her silence. Daniels did not publicly discuss her relationship with Trump until March 2018, when she appeared on 60 Minutes after unsuccessfully trying to get out of her nondisclosure agreement. This was two months afterThe Wall Street Journal revealed that Cohen had paid Daniels not to do what she eventually did anyway.

In April 2018, Daniels sued Trump for defamation after he called her account of what happened in Lake Tahoe a “fraud.” A federal judge dismissed that lawsuit on First Amendment grounds that October, and Daniels lost her appeal. She was ultimately ordered to cover more than $600,000 in Trump’s legal fees, which she said she would not do.

Since going public, The New York Times notes, Daniels “has leaned into her Trump-adjacent fame. She has sold merchandise, filmed a documentary, sat for high-profile interviews and written a book that was so tell-all it included detailed descriptions of the former president’s genitalia.”

Daniels’ testimony on Tuesday likewise was a bit too graphic for Judge Juan Merchan’s taste. “At one point,” theTimes reports, “he even issued his own objection, interrupting her testimony as she began to describe the sexual position she and Mr. Trump assumed.” During a sidebar discussion, Merchan remarked that Daniels’ testimony included “some things better left unsaid” and “suggested that Ms. Daniels might have ‘credibility issues.'”

Trump lawyer Susan Necheles highlighted what she said were inconsistencies between Daniels’ testimony and the account she gave in her 2018 memoir, Full Disclosure. Necheles also suggested that Daniels had invented an encounter in which she said a Trump supporter had threatened her and her baby daughter in a Las Vegas parking lot, noting that Daniels had not told the girl’s father about it.

More generally, the defense team argues that Daniels has financial and personal reasons to lie about Trump. Cohen paid Daniels “in exchange for her agreeing to not publicly spread false claims about President Trump,” Trump’s lead defense attorney, Todd Blanche, said in his opening statement. “When Ms. Daniels threatened to go public with her false claim of a sexual encounter with President Trump,” Blanche told the jury, “it was almost an attempt…to extort President Trump….It was sinister, and it was an attempt to try to embarrass President Trump, to embarrass his family….President Trump fought back, like he always does and like he’s entitled to do, to protect his family, his reputation, and his brand. And that is not a crime.”

None of this means that Daniels fabricated her account of a sexual encounter with Trump, which is completely consistent with his character and history. And strictly speaking, it does not matter whether Daniels is telling the truth about what she and Trump did in 2006, or even whether her story would been “devastating to his campaign,” which is doubtful for the same reasons: Voters knew about his adultery and his disregard for sexual consent, and they elected him anyway. They may very well do so again, even after a jury found him civilly liable for sexual assault. But under the prosecution’s theory, all that matters is that Trump was worried that Daniels’ story might hurt his chances; that he arranged the payoff for that reason, recognizing that he was thereby violating federal campaign finance rules; and that he tried to hide that crime with phony business records.

Daniels’ “credibility issues” nevertheless are apt to affect the weight that jurors give her testimony. Likewise with Pecker, who testified that he agreed to pay off two other people with potentially damaging stories about Trumpformer Trump Tower doorman Dino Sajudin and former Playboy Playmate Karen McDougalas part of an arrangement that included notifying Cohen about such threats, running positive stories about Trump in the National Enquirer, and running negative stories about his opponents. Pecker said he had similar, mutually beneficial arrangements with other celebrities, including politicians, and that he sometimes used dirt about them as leverage to obtain access and information.

In addition to those unsavory details about Pecker’s style of journalism, jurors heard that he and his company avoided federal prosecution by agreeing that the McDougal payoff qualified as an unlawful corporate campaign contribution. The legal pressure that resulted in Pecker’s cooperation casts doubt on that characterization and on his testimony that Trump was mainly worriedabout the election when he arranged the nondisclosure agreements with Sajudin, McDougal, and Daniels.

Cohen, the source of crucial links between the Daniels payment and the charges that Trump faces, has yet to testify. But Trump’s lawyers argue that he is a vindictive former loyalist who “cannot be trusted.”

Cohen “cheated on his taxes, he lied to banks, [and] he lied about side businesses he had with taxi medallions, among other things,” Blanche told the jury. He was “disbarred as an attorney, he’s a convicted felon, and he also is a convicted perjurer.” According to Blanche, Cohen had a grudge against Trump, because he “wanted a job in the administration” and “didn’t get one.” He therefore decided to “blame President Trump for virtually all of his problems.” Cohen is “obsessed with Trump,” Blanche said. He “rants and raves” about his former boss on podcasts and social media and “has talked extensively about his desire to see President Trump go to prison.”

Even Pecker, who had a relationship with Cohen that long predated the 2016 election, portrayed him as difficult, badgering, hotheaded, and extremely unpleasant. While all that may be legally irrelevant, Pecker’s testimony also suggested that Cohen was dishonest and unreliable, repeatedly promising to reimburse Pecker for the Sajudin and McDougal payments, which he never did.

This is the guy that prosecutors will be presenting as their star witness. Blanche claimed that “Mr. Cohen has misrepresented key conversations where the only witness who was present for the conversation was Mr. Cohen and, allegedly, President Trump.” Whether or not that’s true, establishing reasonable doubt about the veracity of Cohen’s account should not be difficult.

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Jets’ Scheifele misses G7 because of injury

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Jets' Scheifele misses G7 because of injury

Winnipeg forward Mark Scheifele did not play in Game 7 of the Jets’ first-round Stanley Cup playoff series against the St. Louis Blues on Sunday due to an undisclosed injury, coach Scott Arniel said.

Arniel ruled out Scheifele following the team’s morning skate. He was hurt in Game 5 — playing only 8:05 in the first period before exiting — and then did not travel with the Jets to St. Louis for Game 6. Arniel previously had said Scheifele was a game-time decision for Game 7.

Scheifele, 32, skated in a track suit Saturday, and Arniel told reporters the veteran was feeling better than he had the day before. Scheifele, however, was not able to participate in the Jets’ on-ice session by Sunday, quickly indicating he would not be available for the game.

Winnipeg held a 2-0 lead in the series over St. Louis before the Blues stormed back with a pair of wins to tie it, 2-2. The home team has won each game in the best-of-seven series so far.

The Jets’ challenge in closing out St. Louis only increases without Scheifele. Winnipeg already has been dealing with the uneven play of goaltender Connor Hellebuyck, a significant storyline in the series to date. Hellebuyck was pulled in all three of his starts at St. Louis while giving up a combined 16 goals on 66 shots (.758 SV%). In Game 6, Hellebuyck allowed four goals in only 5 minutes, 23 seconds of the second period.

Hellebuyck was Winnipeg’s backbone during the regular season, earning a Hart Trophy and Vezina Trophy nomination for his impeccable year (.925 SV%, 2.00 GAA).

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Stars expect Robertson, Heiskanen back in semis

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Stars expect Robertson, Heiskanen back in semis

Stars coach Pete DeBoer expects to have leading goal scorer Jason Robertson and standout defenseman Miro Heiskanen available in the Western Conference semifinals after both missed Dallas’ first-round series win over the Colorado Avalanche.

Following their thrilling Game 7 comeback victory over the Avalanche on Saturday night, the Stars await the winner of Sunday night’s Game 7 between the Winnipeg Jets and St. Louis Blues. If the Blues win, the Stars will have home-ice advantage in the best-of-seven series.

“I believe you’re going to see them both play in the second round, but I don’t know if it’s going to be Game 1 or Game 3 or Game 5,” DeBoer said after Saturday’s series clincher. “I consider them both day-to-day now, but there’s still some hurdles. It depends on when we start the series, how much time we have between now and Game 1. We’ll have a little better idea as we get closer.”

Robertson, 25, who posted 80 points (35 goals, 45 assists) in 82 games this season, suffered a lower-body injury in the regular-season finale April 16 and was considered week-to-week at the time.

Heiskanen hasn’t played since injuring his left knee in a Jan. 28 collision with Vegas Golden Knights forward Mark Stone. Initially expected to miss three to four months, the 25-year-old defenseman had surgery Feb. 4 and sat out the final 32 games of the regular season. In 50 games, he collected 25 points (five goals, 20 assists) and averaged 25:10 of ice time, which ranked fifth among NHL blueliners.

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

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U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

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