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CNN: Trump signed letter of intent to build Trump Tower in Moscow

On Tuesday night, CNN's Chris Cuomo obtained a letter of intent to move forward with a Trump Tower in Moscow signed by now-President Trump on October 28, 2015.

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Why it matters: As Cuomo notes, the signed letter doesn't have direct legal implications or suggest obvious wrongdoing. But it does raise questions about why Trump has repeatedly denied having anything to do with Russia, especially as new details about the timeline of the Moscow project have emerged.

  • Trump's lawyer Rudy Giuliani claimed on Sunday that there could have been conversations about Trump Tower Moscow up until November 2016, and that while there was a letter of intent to go forward with the project, nobody ever signed it.

Report: Facebook gave Netflix and Spotify access to private messages

A Facebook protestor in London. Photo: Jack Taylor/Getty Images

Facebook gave technology companies more access to personal user data than was previously made public, according to "hundreds of pages of Facebook documents" obtained by the New York Times.

Why it matters: Facebook's privacy practices are the subject of an ongoing investigation by the Federal Trade Commission. Per the Times, the new records portray the "most complete picture yet" of Facebook's practices of sharing its users' data. Facebook has been under intense scrutiny in recent months after it disclosed a major security breach that could have left as many as 50 million users' accounts vulnerable.

Senate easily passes Trump-backed criminal justice reform bill

A hallway in between prison cells
Photo: Gili Yaari/NurPhoto via Getty Images

A Trump-backed bipartisan criminal justice bill passed the Senate Tuesday night by a margin of 87-12, despite ongoing efforts by Sen. Tom Cotton and other hardline conservatives to sink it.

Why it matters: For years, advocates and lawmakers have worked to reform the federal prison system only to have their efforts fall apart at the last minute. But with the help of Jared Kushner in the White House and a bipartisan Senate coalition, the First Step Act has made it past the Senate and will now likely become law — impacting thousands of current federal inmates.

Exxon asks EPA to regulate methane emissions from oil and gas

Flames for a flaring pit in an oil field
Flames from a flaring pit near a well in the Bakken Oil Field in North Dakota. Photo: Orjan F. Ellingvag/Corbis via Getty Images

ExxonMobil Corp., the world’s biggest publicly traded oil company, is calling on the Environmental Protection Agency to regulate emissions of methane from all new and existing oil and gas wells across the country, according to a letter obtained by Axios.

The big picture: Methane, a potent greenhouse gas, is the primary component of natural gas and is sometimes purposefully or inadvertently leaked in the production and transport of the fuel, as well as when drilling for oil. The EPA has been slow in its approach toward rolling back Obama-era methane rules, in part due to industry divisions.

The evisceration of Michael Flynn

Illustration: Sarah Grillo/Axios

In a surprise twist today, a federal judge delivered a withering brushback to anyone hoping Michael Flynn would get off easy for lying to the FBI.

The big picture: Prosecutors had asked U.S. District Judge Emmet Sullivan for leniency. But in the courtroom today, Sullivan lashed into Flynn, suggested leniency wasn't coming and told the retired general he should consider delaying the sentencing.

U.S. pledges billions of dollars of aid to Central America and Mexico

Mexico's President Andres Manuel Lopez Obrador delivers a press conference
Mexican President Andres Manuel Lopez Obrador. Photo: Alfredo Estrella/AFP via Getty Images

Two months after President Trump threatened to withhold aid from Central American countries for failing to stop a migrant caravan heading toward the U.S. border, the administration has pledged $5.8 billion worth of private and public development funding for Central America and $4.8 billion for southern Mexico, the AP reports.

Why it matters: The goal of the aid is to promote more stable security and economic conditions to encourage potential migrants to stay in their host nations instead of making the dangerous trip to the U.S. border. It's not yet clear if Mexico will provide anything in return for the billions of dollars worth of aid. The Washington Post has previously reported that Mexico and the U.S. have been working on a deal that would force all U.S. asylum-seekers to remain in Mexico until their applications are processed.

White House asks federal agencies to contribute to border wall funding

Sarah Sanders wears a quote while being interview outside the White House
Sarah Sanders. Photo: Mark Wilson/Getty Images

President Trump has asked every federal agency to contribute to the $5 billion in border wall funding he has demanded from Congress to avoid shutting the government down, White House Press Secretary Sarah Sanders told reporters on Tuesday.

The big picture: Last week, Trump said he'd be "proud" to shut down the government over funding for the border wall. But Sanders said the administration is now hoping they can prevent a shutdown by securing funding from elsewhere. Lawmakers have until Friday to pass a funding bill that will keep the government open.

Trump Foundation to dissolve after lawsuit with New York attorney general

Trump tower
Photo: Spencer Platt/Getty Images.

The Trump Foundation has agreed to dissolve in compliance with a lawsuit from New York Attorney General Barbara Underwood, which alleged that the charity was being used for President Trump's personal and political gain.

The big picture: While the closing of the charity is a victory for the AG's office, the broader lawsuit against the foundation, which seeks $2.8 million in restitution and penalties as well as a ban on Trump's children from serving on the board of other New York charities, will continue.

Streaming and legalized betting usher in new era for sports content

Illustration: Rebecca Zisser/Axios

The transition to streaming, the legalization of sports betting and the rise of esports have created new dynamics for the sports industry that will continue to play out next year.

The big picture: Sports betting is driving a new content industry. Betting on a sports event increases the likelihood of watching it on TV, according to a new telecommunications, media and technology report from Deloitte.

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