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Murdoch loses trust control bid for son Lachlan

Rupert Murdoch’s attempt to alter family trust for Lachlan’s control denied by Nevada commissioner, citing bad faith.

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Rupert Murdoch’s attempt to change the family trust to consolidate control under his son Lachlan has been rejected by a Nevada commissioner.

The ruling, made by Commissioner Edmund J. Gorman Jr., stated that Murdoch and Lachlan acted in “bad faith” while trying to amend the irrevocable trust, which divides control equally among Murdoch’s four oldest children.

The 96-page opinion characterised the plan as a “carefully crafted charade” intended to secure Lachlan’s executive roles unconditionally.

Murdoch’s lawyer expressed disappointment and plans to appeal the ruling.

FILE PHOTO: Media mogul Rupert Murdoch poses for a photograph with his sons Lachlan and James in London.

Media empire

This dispute is critical as it affects the future control of Murdoch’s media empire, which includes Fox News and other major outlets.

While the intention was not to diminish financial stakes, the ruling reflects deep family tensions, especially given differing political views among the siblings.

The commissioner noted Lachlan initiated the proposed changes, created a plan dubbed “Project Family Harmony,” and labeled James as a “troublesome beneficiary.”

Despite Lachlan and Rupert’s efforts, the attempt to marginalise James was deemed insufficiently justified by the court.

Murdoch’s family trust, established in 2006, retains his control until his death, and includes provisions allowing amendments.

However, the commissioner found that Murdoch and Lachlan’s actions were not supporting their siblings’ best interests.

The ruling is not final and may be contested further in court.

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Illinois sues to block Trump’s National Guard deployment

Illinois sues Trump to block National Guard deployment amid escalating clash over military force usage in cities

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Illinois sues Trump to block National Guard deployment amid escalating clash over military force usage in cities

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In Short:
– Illinois has sued Trump to stop National Guard deployment to Chicago amid legal concerns about military presence.
– Trump threatened to invoke the Insurrection Act if local officials obstruct federal responses to unrest.
Illinois has filed a lawsuit against President Donald Trump to prevent the federal deployment of National Guard troops to Chicago.
The challenge marks the state’s fourth legal action concerning the federal military’s presence in urban areas. Several courts in Oregon and California have already suggested that Trump may have overstepped his authority in similar cases.As National Guard troops from Texas were reportedly in transit to Chicago, the Illinois government expressed concerns over the situation, particularly after recent orders that would federalize local National Guard members.

The U.S. District Judge has permitted the federal government to continue its troop deployment while Illinois’ legal proceedings are ongoing.

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In a further escalation, Trump threatened to invoke the Insurrection Act. He stated this could occur if local officials impede federal responses to unrest.

While the law permits direct military engagement in civilian law enforcement, it has rarely been invoked since the early ’90s.

Legal Concerns

Democratic leaders argue that the president’s deployment aims to undermine local governance under the guise of law enforcement. Opponents claim that Trump is mischaracterising urban areas as unsafe, using military action to militarise cities unjustly.

Illinois Governor J.B. Pritzker accused Trump of exacerbating tensions and using troops for political gains. Conversely, Trump maintains that the conditions in Chicago necessitate federal intervention due to rising crime rates.


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Bitcoin rally raises sustainability fears

Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.

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Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.


Bitcoin has surged past $124,000, adding more than $1,300 in just 24 hours, one of its strongest rallies this quarter.

But analysts warn the momentum could be fading, as on-chain data shows network activity weakening despite rising prices.

#bitcoin #money #bitcoinsurge #tickernews


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New Ticker TV show The Connector launches to bridge Australia-UK

Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations

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Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations

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In Short:
– Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK opportunities through dialogue.
– It comes as Prime Minister Albanese promotes strong ties with London, emphasising cultural and economic connections between the nations.
Ticker Studios launches The Connector, hosted by Belinda Coates, facilitating Australia-UK opportunities through dialogue.
The new show highlights leaders and ideas enhancing connections between the two nations during a pivotal period.It comes as Prime Minister Anthony Albanese’s efforts to strengthen ties with London underline the partnership’s commercial and cultural importance. With 1.1 million UK-born residents in Australia and A$4.2 trillion in superannuation funds invested in UK infrastructure, these connections grow increasingly vital.

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Belinda Coates brings extensive experience in executive and advisory roles across various sectors. She is driven to reshape industries and create opportunities on both sides of the world.

Ahron Young, CEO of Ticker Studios, stated that now is the ideal time to highlight the talent and capital flowing between Australia and the UK. The Connector aims to spotlight innovators and changemakers bridging industries and borders.

“With so much talent and capital flowing between Australia and the UK, this is exactly the right time to tell these stories. The Connector will spotlight the innovators, leaders, and change-makers building bridges across industries and borders.”

Focus on people

Coates explained the programme’s focus on people, showcasing visionaries shaping the future and exploring collaboration’s role in generating opportunities. The show aims to inspire with stories highlighting resilience, growth, and ambition.

“This show isn’t about dry trade figures or policy—it’s about people. We’ll showcase the visionaries shaping the future in both countries, explore how collaboration sparks opportunity, and inspire audiences with stories of resilience, growth, and shared ambition.”

The Connector will debut on Ticker’s global streaming network this month, with new episodes released weekly. It will feature guest experts from various sectors, addressing relevant topics like housing affordability and building stock revitalisation.


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