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Matt Gaetz targets CNN in new ad to "fight back" against sexual misconduct claims

Rep. Matt Gaetz (R-Fla.) announced Wednesday a six-figure ad buy for a spot that takes aim at CNN as part of an offensive to hit back at mounting sexual misconduct allegations, Politico first reported.

Driving the news: Gaetz is under federal investigation following sex trafficking allegations, and the House Ethics Committee has also opened an inquiry. Announcing the 30-second ad, to run in his Florida Panhandle district, Gaetz called on his Twitter followers to "help us fight back!"


  • The Friends of Matt Gaetz campaign committee said in the statement to Politico that the ad was designed to highlight a smear campaign against him, which it added was "aimed at taking out a Congressman of the United States."

The big picture: Gaetz has strongly denied all allegations against him.

  • Two of his senior aides resigned earlier this month over the claims, but Gaetz declared last Friday that he's not "going anywhere" and vowed he had "not yet begun to fight."

Of note: The ad features footage from Project Veritas, a conservative activist group known for using practices considered unethical in journalism, including deceptive editing and spreading disinformation.

  • A man identified as a CNN employee in the ad speaks about the news outlet's coverage of Gaetz.
  • Representatives for Gaetz and CNN did not immediately respond to Axios' request for comment.

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Mike Richards steps down as "Jeopardy!" host after offensive comments resurface

Mike Richards, the new host of "Jeopardy!," announced Friday he's stepping down after derogatory comments he made about women and Jewish people resurfaced in recent weeks.

Driving the news: Richards, who was named a co-host nine days ago, made the offensive comments in 2013 and 2014 from now-deleted episodes of his podcast, "The Randumb Show," The Ringer reports. Sony said Richards will remain the show's executive producer.

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Cryptocurrency jokes get serious

The cryptocurrency market is becoming one of the few places where internet meme culture can translate into serious money.

The big picture: "Joke" cryptocurrencies can thrive when bored people who have cash to spare look for new ways to entertain themselves with seemingly benign bets —hoping that one of those bets could turn into a lucrative investment

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GM boosts investment in electric, autonomous vehicles by $8 billion

General Motors plans to boost its cumulative investment in electric and autonomous vehicles to $35 billion from 2020-2025, a significant jump from a $27 billion target.

Driving the news: GM said this morning that the initiative will include building two new battery cell manufacturing plants in addition to the two already under construction in Tennessee and Ohio.

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