First day of jury selection wraps in Sean Combs sex crimes trial

The first day of jury selection wrapped Monday in New York in the blockbuster federal sex trafficking trial of music mogul Sean “Diddy” Combs, who stands accused of years of harrowing abuse.Combs, 55, has pleaded not guilty on all counts, insisting that any sex acts were consensual, but prosecutors say that for years, he coerced victims into drug-fueled sex parties using threats and violence.”Come on up, don’t be shy,” Judge Arun Subramanian said as the first batch of prospective panelists entered.As at his pre-trial hearings, Combs appeared aged, his once jet-black hair now gray. In accordance with the judge’s order, he was allowed to switch from prison attire to civilian clothing for his trial appearance.Jurors were given a supplementary 14-part questionnaire about their ability to fairly hear evidence from hip-hop artists, sex workers, and people involved in the use and distribution of drugs.They had already undertaken an exhaustive questionnaire on their ability to serve before arrival.After a marathon day of questions, both written and oral from the judge, prosecution and defense, 19 prospectives had been identified. Jury selection was due to continue Tuesday with only those potential jurors requested to attend follow-up questioning required to be present.Subramanian said he expected evidence to begin May 12.Combs faces one charge of racketeering conspiracy, the federal statute known by its acronym RICO that was once primarily used to target the mafia but in recent years has been wielded in cases of sexual abuse, including against the fallen R&B star R. Kelly.It allows government attorneys to project a long view of criminal activity rather than prosecuting isolated sex crimes.If convicted, the one-time rap producer and global superstar, who is often credited for his role in ushering hip-hop into the mainstream, could spend the rest of his life in prison. He reportedly turned down an 11th-hour plea deal.- ‘Freak-offs’ -Over the decades, Combs — who has gone by various stage names including Puff Daddy and P. Diddy — amassed enormous wealth for his work in music but also his ventures in the liquor industry.He was arrested by federal agents in New York in September 2024 and denied bail multiple times. Combs is being held at Brooklyn’s notorious Metropolitan Detention Center, a facility plagued by complaints of vermin and decay as well as violence.Core to the case against him is his relationship with his former girlfriend, singer Casandra “Cassie” Ventura, who is expected to be a key trial witness.A disturbing surveillance video from 2016, which was widely broadcast by CNN last year, shows Combs physically assaulting Ventura at a hotel.Prosecutors say that encounter occurred following one of the “freak-offs” — coercive, drug-fueled sexual marathons including sex workers that were sometimes filmed, according to the indictment.It is unclear how much of the CNN video will be shown to jurors as evidence — the footage’s quality has been a sticking point between the opposing legal teams — but Subramanian has ruled that at least some of it will be admissible.On Monday, one prospective juror was struck out for cause by the judge after describing the video as potentially “damning.”Another was dismissed after saying that his wife, a former attorney, had told him about taking depositions related to a deadly crowd crush at an event organized by Combs in 1991.”She found his behavior disturbing, she does not like him,” said the man.- ‘Perfect storm’ -In 2023, Ventura filed a civil suit alleging Combs subjected her to more than a decade of coercion by physical force and drugs as well as a 2018 rape.It was quickly settled out of court, but a string of similarly lurid sexual assault claims against the Grammy winner from both women and men followed.Industry watchers are monitoring Combs’s case as a potential inflection point in the music world which, beyond the case of Kelly, has largely evaded the #MeToo reckoning that has rocked Hollywood.Caroline Heldman — co-founder of the Sound Off Coalition, which is focused on sexual violence in music — said Combs’s case is a flashpoint of a broader pattern of industry tolerance and cover-up of abuse.”In the music industry, I think it’s the perfect storm of what celebrity does to people and what power does to people. It gives them an empathy deficit where the rules don’t apply to them,” she said.The proceedings will last an estimated eight to 10 weeks.

Stars shine at Met Gala, showcasing Black dandyism

It’s the first Monday in May, which means the stars are hitting the red carpet for the Met Gala, the extravagant Manhattan charity ball that this year spotlights Black style through the lens of dandyism’s subversive history.The blockbuster night’s theme explores the sharply tailored dandy aesthetic and its rich, complicated history. It also celebrates the opening of a corresponding exhibit at the Metropolitan Museum of Art’s Costume Institute.But for the fashionistas, the Met Gala is simply one of the world’s top red carpets with blinding star power.Oscar-nominated actor Colman Domingo and Formula One driver Lewis Hamilton, two of the co-chairs of fashion’s marquee event, were among the early arrivals alongside gala supremo Anna Wintour, the editor-in-chief of Vogue.Domingo paid tribute to the late Andre Leon Talley, Vogue’s first Black creative director and one of fashion’s towering figures, in a royal blue Valentino cape with a glittering white collar over a snazzy black and gold jacket and gray tweed trousers.Hamilton meanwhile wowed in a sharp cream suit and matching backwards cap, diamonds glittering in his ears, as well as on his lapel, cuffs and hands.And musician and designer Pharrell Williams, another co-chair, looked snappy in a short, pearl-encrusted white jacket and flared black tuxedo trousers. Among the women in attendance, actress Teyana Taylor definitely understood the assignment, arriving in a tailored black suit with red pinstripes and matching huge red coat, the back fully pleated and “Harlem Rose” embossed in the fabric.The evening comes five years after the enormous anti-racist uprising of the Black Lives Matter movement, which pushed a number of cultural institutions in the United States to grapple with their representation of race and diversity.This Met theme is years in the making but now coincides with Donald Trump’s recent efforts to quash institutional initiatives to promote diversity — a push to keep culture and history defined on the Republican president’s terms.The Met Gala and its exhibit, “Superfine: Tailoring Black Style,” promises a sharp contrast to that notion, a deep dive into Black dandyism from the 18th century to today.”Obviously, this exhibition was planned many years ago, and we didn’t know what would be happening in the political arena, but it’s taken on a new sense of importance and purpose,” Wintour told AFP. – ‘Dream’ -Guest curator and Barnard professor Monica Miller’s book “Slaves to Fashion: Black Dandyism and the Styling of Black Diasporic Identity” was the Met’s inspiration.Her book details how dandyism was a style imposed on Black men in 18th century Europe, when well-dressed “dandified” servants became a trend.But Black men throughout history subverted the concept as a means of cultivating power, transforming aesthetic and elegance into a means of identity establishment and social mobility.During the vibrant Harlem Renaissance of the 1920s and 1930s, men wore sharp suits and polished shoes as a show of defiance in racially segregated America.”Superfine” is a rare Costume Institute exhibition to spotlight men and male fashion, and the first to focus on Black designers and artists.At the theme’s announcement ceremony, Williams — Louis Vuitton’s creative director of menswear — called the exhibit “a dream.””As an artist who was literally born and raised in the shadow of where the African diaspora expanded into the country that would become America, celebrating an exhibit centered on Black dandyism and the African diaspora is really, for me, a full circle moment,” said Williams, who is from Virginia. The Met Gala was first organized in 1948 and for decades was reserved for New York high society — until Wintour transformed the party into a high-profile catwalk for the rich and famous in the 1990s.It remains a fundraiser for the Costume Institute, but it’s also a social media extravaganza where stars and sponsors mingle at a party that celebrates fashion in its most over-the-top form.According to The New York Times, a seat at the dinner in 2024 cost $75,000 and a full table went for $350,000. The famed Manhattan museum reported last year’s edition raked in some $26 million.Basketball legend LeBron James was named as an honorary chair, but withdrew Monday from appearing at the event, confirming reports that he suffered a knee injury last week and saying on X: “Hate to miss an historical event!”

Pentagon chief orders 20% cut in number of top officers

Pentagon chief Pete Hegseth on Monday ordered at least a 20 percent reduction in the number of active-duty four-star generals and admirals in the US military, a memo from the defense secretary said.The move is the latest major shakeup at the Pentagon under President Donald Trump’s administration, which has already fired a series of senior officers this year. The memo also calls for an additional 10 percent reduction in the number of general and flag officers, and a 20 percent cut in the number of general officers in the National Guard.It did not specify how the reductions would be accomplished.There were 38 four-star officers — the highest rank that can usually be achieved in the US military — and a total of 817 generals and admirals in the active-duty forces as of March 2025.The cuts are aimed at removing “redundant force structure to optimize and streamline leadership by reducing excess general and flag officer positions,” the memo said.Hegseth later posted a video on X about the changes, which he dubbed “less generals, more GIs.” In it, he said that despite the overall size of the military being far larger during World War II, there were fewer top officers at the time.Hegseth said the cuts would be carried out in two phases, starting with those to four-star officers and National Guard generals, and followed by the 10 percent cuts to the overall number of generals and admirals.- ‘Where fat can be cut’ -“This is not a slash and burn exercise meant to punish high ranking officers,” he said, adding: “This has been a deliberative process by working with the Joint Chiefs of Staff with one goal, maximizing strategic readiness and operational effectiveness,” he said.During his confirmation hearing in January, Hegseth argued that the Pentagon’s bureaucracy was top-heavy and in need of cuts, telling lawmakers: “It’s going to be my job, working with those that we hire and those inside the administration, to identify those places where fat can be cut, so it can go toward lethality.”Since beginning his second term in January, Trump has overseen a purge of top officers, including chairman of the Joint Chiefs of Staff general Charles “CQ” Brown, whom he fired without explanation in February.Other senior officers dismissed this year include the heads of the Navy and Coast Guard, the general who headed the National Security Agency, the vice chief of staff of the Air Force, a Navy admiral assigned to NATO, and three top military lawyers.Hegseth has insisted the president is simply choosing the leaders he wants, but Democratic lawmakers have raised concerns about the potential politicization of the traditionally neutral US military.The Pentagon also announced in February that it aimed to reduce the number of its civilian employees by at least five percent, as Trump’s administration moved to slash the federal workforce in the name of cost-savings.

US film studio shares slip on Trump tariff threat

Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions.Meanwhile oil prices tumbled after OPEC+ countries announced an output hike despite oversupply concerns and growing fears that Trump’s trade war could weaken demand.Globally, stock markets were mixed in holiday-thinned trading ahead of central bank decisions on interest rates later in the week.Wall Street indices finished a choppy session lower, with the S&P 500 losing 0.6 percent to snap a nine-day streak of gains.US stocks are coming off two strong weeks, with gains last Friday driven by strong jobs data and improving sentiment about US-China trade talks. Monday’s retreat “was indicative of consolidation after the market’s solid run off April lows,” said Briefing.com, which pointed to “ongoing resilience” that limited Monday’s losses.Shares in entertainment firms slid after Trump said Sunday he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being “devastated” by a trend of US filmmakers and studios working abroad.Lionsgate Studios dropped five percent, while Netflix, whose foreign productions for its subsidiaries have often become popular globally, saw its shares fall around two percent.Disney, Paramount and Warner Bros. Discovery also retreated.Shares in Berkshire Hathaway fell around five percent after influential investor Warren Buffett said Saturday that he would retire from leading the firm he built into a conglomerate worth more than $1 trillion.In Europe, Paris ended lower while Frankfurt climbed as Germany’s conservatives and center-left Social Democrats reached a coalition deal for governing.London was closed for a public holiday, as were Tokyo and Hong Kong in Asia.Investors are waiting for interest rate decisions this week, with the US Federal Reserve and the Bank of England holding policy meetings on Wednesday and Thursday respectively.”Our US economists expect the Fed to keep rates steady and avoid explicit forward guidance about the policy path ahead,” Deutsche Bank analysts said.- Brent below $60 per barrel -Oil prices fell sharply after Saudi Arabia, Russia and six other members of the OPEC+ oil cartel announced an output increase of 411,000 barrels a day for June, a month after a similar move had already caused prices to fall.Brent’s international benchmark crude fell below $60 per barrel for the first time since 2020 before rebounding somewhat.The price of crude has also been sliding because of fears of a global economic slowdown on the back of Trump’s tariff onslaught.Analysts were still trying to pinpoint the oil cartel’s motivation.”The weekend news wasn’t a shocker but the reasons behind the move remain uncertain,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.”The official communication says the group is bringing barrels back to the market because ‘fundamentals are healthy and inventories are low,'” Ozkardeskaya said.”Yet global growth expectations have been crumbling due to a heated trade war between the US and the rest of the world, and rising output only worsens oversupply concerns,” said Ozkardeskaya.- Key figures at around 2050 GMT -West Texas Intermediate: DOWN 2.0 percent at $57.13 per barrelBrent North Sea Crude: DOWN 1.7 percent at $60.23 per barrelNew York – Dow: UP 0.2 percent at 41,218.83 (close)New York – S&P 500: DOWN 0.6 percent at 5,650.38 (close)New York – Nasdaq Composite: DOWN 0.7 percent at 17,844.24 (close)Paris – CAC 40: DOWN 0.6 percent at 7,727.93 (close) Frankfurt – DAX: UP 1.1 percent at 23,344.54 (close)London – FTSE 100: closed for holidayTokyo – Nikkei 225: closed for holidayHong Kong – Hang Seng Index: closed for holiday Shanghai – Composite: closed for holidayEuro/dollar: UP at $1.1319 from $1.1297 on FridayPound/dollar: UP at $1.3296 from $1.3270Dollar/yen: DOWN at 143.72 yen from 144.92Euro/pound: UP at 85.10 pence from 84.10burs-jmb/bjt

US film studio shares slip on Trump tariff threat

Shares in US film studios slid on Monday following a threat by US President Donald Trump to impose 100 percent tariffs on foreign-made productions.Meanwhile oil prices tumbled after OPEC+ countries announced an output hike despite oversupply concerns and growing fears that Trump’s trade war could weaken demand.Globally, stock markets were mixed in holiday-thinned trading ahead of central bank decisions on interest rates later in the week.Wall Street indices finished a choppy session lower, with the S&P 500 losing 0.6 percent to snap a nine-day streak of gains.US stocks are coming off two strong weeks, with gains last Friday driven by strong jobs data and improving sentiment about US-China trade talks. Monday’s retreat “was indicative of consolidation after the market’s solid run off April lows,” said Briefing.com, which pointed to “ongoing resilience” that limited Monday’s losses.Shares in entertainment firms slid after Trump said Sunday he was ordering new tariffs on all films made outside the United States, claiming Hollywood was being “devastated” by a trend of US filmmakers and studios working abroad.Lionsgate Studios dropped five percent, while Netflix, whose foreign productions for its subsidiaries have often become popular globally, saw its shares fall around two percent.Disney, Paramount and Warner Bros. Discovery also retreated.Shares in Berkshire Hathaway fell around five percent after influential investor Warren Buffett said Saturday that he would retire from leading the firm he built into a conglomerate worth more than $1 trillion.In Europe, Paris ended lower while Frankfurt climbed as Germany’s conservatives and center-left Social Democrats reached a coalition deal for governing.London was closed for a public holiday, as were Tokyo and Hong Kong in Asia.Investors are waiting for interest rate decisions this week, with the US Federal Reserve and the Bank of England holding policy meetings on Wednesday and Thursday respectively.”Our US economists expect the Fed to keep rates steady and avoid explicit forward guidance about the policy path ahead,” Deutsche Bank analysts said.- Brent below $60 per barrel -Oil prices fell sharply after Saudi Arabia, Russia and six other members of the OPEC+ oil cartel announced an output increase of 411,000 barrels a day for June, a month after a similar move had already caused prices to fall.Brent’s international benchmark crude fell below $60 per barrel for the first time since 2020 before rebounding somewhat.The price of crude has also been sliding because of fears of a global economic slowdown on the back of Trump’s tariff onslaught.Analysts were still trying to pinpoint the oil cartel’s motivation.”The weekend news wasn’t a shocker but the reasons behind the move remain uncertain,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.”The official communication says the group is bringing barrels back to the market because ‘fundamentals are healthy and inventories are low,'” Ozkardeskaya said.”Yet global growth expectations have been crumbling due to a heated trade war between the US and the rest of the world, and rising output only worsens oversupply concerns,” said Ozkardeskaya.- Key figures at around 2050 GMT -West Texas Intermediate: DOWN 2.0 percent at $57.13 per barrelBrent North Sea Crude: DOWN 1.7 percent at $60.23 per barrelNew York – Dow: UP 0.2 percent at 41,218.83 (close)New York – S&P 500: DOWN 0.6 percent at 5,650.38 (close)New York – Nasdaq Composite: DOWN 0.7 percent at 17,844.24 (close)Paris – CAC 40: DOWN 0.6 percent at 7,727.93 (close) Frankfurt – DAX: UP 1.1 percent at 23,344.54 (close)London – FTSE 100: closed for holidayTokyo – Nikkei 225: closed for holidayHong Kong – Hang Seng Index: closed for holiday Shanghai – Composite: closed for holidayEuro/dollar: UP at $1.1319 from $1.1297 on FridayPound/dollar: UP at $1.3296 from $1.3270Dollar/yen: DOWN at 143.72 yen from 144.92Euro/pound: UP at 85.10 pence from 84.10burs-jmb/bjt

OpenAI abandons plan to become for-profit company

OpenAI CEO Sam Altman announced Monday that the company behind ChatGPT will continue to be run as a nonprofit, abandoning a contested plan to convert into a for-profit organization.The structural issue had become a significant point of contention for the artificial intelligence (AI) pioneer, with major investors pushing for the change to better secure their returns.AI safety advocates had expressed concerns about pursuing substantial profits from such powerful technology without the oversight of a nonprofit board of directors acting in society’s interest rather than for shareholder profits.”OpenAI is not a normal company and never will be,” Altman wrote in an email to staff posted on the company’s website.”We made the decision for the nonprofit to stay in control after hearing from civic leaders and having discussions with the offices of the Attorneys General of California and Delaware,” he added. OpenAI was founded as a nonprofit in 2015 and later created a “capped” for-profit entity allowing limited profit-making to attract investors, with cloud computing giant Microsoft becoming the largest early backer.This arrangement nearly collapsed in 2023 when the board unexpectedly fired Altman. Staff revolted, leading to Altman’s reinstatement while those responsible for his dismissal departed.Alarmed by the instability, investors demanded OpenAI transition to a more traditional for-profit structure within two years.Under its initial reform plan revealed last year, OpenAI would have become an outright for-profit public benefit corporation (PBC), reassuring investors considering the tens of billions of dollars necessary to fulfill the company’s ambitions.Any status change, however, requires approval from state governments in California and Delaware, where the company is headquartered and registered, respectively.The plan faced strong criticism from AI safety activists and co-founder Elon Musk, who sued the company he left in 2018, claiming the proposal violated its founding philosophy.In the revised plan, OpenAI’s money-making arm will now be fully open to generate profits but, crucially, will remain under the nonprofit board’s supervision.”We believe this sets us up to continue to make rapid, safe progress and to put great AI in the hands of everyone,” Altman said.- SoftBank sign-off -OpenAI’s major investors will likely have a say in this proposal, with Japanese investment giant SoftBank having made the change to being a for-profit a condition for their massive $30 billion investment announced on March 31.In an official document, SoftBank stated its total investment could be reduced to $20 billion if OpenAI does not restructure into a for-profit entity by year-end.The substantial cash injections are needed to cover OpenAI’s colossal computing requirements to build increasingly energy-intensive and complex AI models.The company’s original vision did not contemplate “the needs for hundreds of billions of dollars of compute to train models and serve users,” Altman said.SoftBank’s contribution in March represented the majority of the $40 billion raised in a funding round that valued the ChatGPT maker at $300 billion, marking the largest capital-raising event ever for a startup.The company, led by Altman, has become one of Silicon Valley’s most successful startups, propelled to prominence in 2022 with the release of ChatGPT, its generative AI chatbot.

Ford sees $1.5 bn tariff hit this year, suspends 2025 forecast

Ford reported a 65 percent drop in first-quarter profits Monday, citing a near-term drag on auto sales from new vehicle launches, as it withdrew its forecast amid tariff uncertainty.The carmaker estimated a full-year hit of about $1.5 billion in adjusted operating earnings following President Donald Trump’s myriad tariff actions since returning to the White House in January.Profits came in at $471 million, beating analyst expectations but just over a third of the level in the 2024 period, with revenues falling five percent to $40.7 billion.In the first quarter, Ford wholesale units fell seven percent from the year-ago level, a drop the automaker had previously telegraphed due to slowed output at plants in Kentucky and Michigan where new vehicles are being launched.In March, Ford began shipping the new Ford Expedition and Lincoln Navigator to customers.Profits fell in Ford’s “Pro” division, which is geared toward fleet and sales to businesses, and in its “Blue” division, which consists of conventional internal combustion engine cars. But losses declined in Ford’s electric vehicle division.Ford described its underlying business as “strong,” saying it had been on track with the prior projection of between $7 and $8.5 billion in adjusted operating earnings, excluding tariff-related impacts.Ford is “suspending” its guidance due to myriad uncertainties. Besides tariffs and potential retaliatory tariffs, Ford cited other “material near-term” risks as including potential supply chain disruption and uncertainty over emissions policy changes in Washington.”These are substantial industry risks, which could have significant impacts on financial results, and that make updating full year guidance challenging right now given the potential range of outcomes,” Ford said.The company expects 2025 pricing to be flat to slightly higher.As far as car sales, “we’re seeing a strong first half in the industry,” Chief Financial Officer Sherry House said of a period that included an uptick in sales to buyers who wanted to get ahead of tariffs.House expects “some potential compression” in sales in the second half of 2025 when prices could tick higher amid tariffs, resulting in a net for all of 2025 of flat or up about one percent.Ford fell 2.2 percent in after-hours trading.