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Supreme Court says Manhattan prosecutors can obtain Trump's financial records

President Trump’s banks and accounting firms must turn over his financial records to Manhattan prosecutors, the Supreme Court ruled Thursday.

Why it matters: The ruling is a stinging loss for Trump, who has fought relentlessly to keep these records secret.


The backdrop: Manhattan prosecutor Cy Vance subpoenaed 8 years' worth of the president's tax returns as part of an investigation into hush money payments made to Stormy Daniels during the 2016 election.

  • Trump challenged those subpoenas as unlawful, but the court rejected that argument, ordering financial institutions to comply with Vance's subpoenas.

What's next: Vance subpoenaed those records as part of a secret grand jury process, so he likely cannot make them public before the election.

  • The Supreme Court will also rule today on separate subpoenas issued by a trio of House committees.

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EU proposes lifting non-essential travel restrictions for fully vaccinated

The European Commission on Monday proposed easing restrictions on non-essential travel for visitors who have been fully vaccinated against COVID-19.

Why it matters: The recommendation could be adopted by the European Union's 27 member states as early as May 5, paving the way for the return of summer travel to one of the world's most popular tourism destinations.

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Elon Musk suspends Tesla purchases with bitcoin

Consumers can no longer buy Tesla vehicles with bitcoin, CEO Elon Musk announced on Twitter Wednesday.

What he's saying: Musk cited the environmental concerns associated with bitcoin — the cryptocurrency has a massive carbon footprint — as his reasoning behind Wednesday's decision.

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