Harvey Weinstein diagnosed with chronic myeloid leukemia: Sources
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(NEW YORK) — Harvey Weinstein has been diagnosed with a form of bone marrow cancer, sources told ABC News.
Weinstein has been diagnosed with chronic myeloid leukemia, sources said, adding that the former Hollywood producer is receiving treatment while jailed.
Weinstein’s authorized legal healthcare representative in New York, Craig Rothfeld, declined to comment, saying, “Out of respect for Mr. Weinstein’s privacy, we will offer no further comment.”
According to the American Cancer Society, chronic myeloid leukemia is a type of cancer that starts in the blood-forming cells of the bone marrow and invades the blood. The organization says approximately 15% of leukemias in adults are CML.
Weinstein is currently in prison on Rikers Island in New York, where he has experienced a slew of health issues amid his ongoing sexual assault trials.
In September, Weinstein was rushed to Bellevue Hospital for emergency heart surgery after experiencing chest pains, his representatives told ABC News, at the time.
In July, Weinstein’s representatives said he was hospitalized for a “myriad of health conditions,” including COVID-19 and double pneumonia.
Weinstein was also suffering from diabetes, high blood pressure, spinal stenosis, fluid on his heart and lungs, and various other conditions, he representatives said at the time.
The former movie mogul is being prosecuted again for sex crimes after his New York conviction was overturned on appeal.
On Sept. 19, while he was recovering from his procedure, Weinstein pleaded not guilty to criminal sex act in the first degree, based on the allegations of a woman who said he sexually assaulted her on one occasion in 2006 at a Manhattan hotel.
The latest indictment came months after the New York Court of Appeals overturned his 2020 sex crimes conviction. He had been found guilty of criminal sexual assault and third-degree rape and sentenced to 23 years in prison.
Weinstein has denied all claims of sexual misconduct, saying his encounters were consensual.
(YEMASSEE, S.C.) — The ongoing operation to capture 43 monkeys that escaped from a South Carolina lab nabbed at least one of the furry runaways on Saturday, according to officials.
Officials in the town of Yemassee said they recovered overnight one of the rhesus macaque monkeys that had escaped from Alpha Genesis Primate Research Center on Wednesday.
“She is well and having a peanut butter and jelly sandwich,” Alpha Genesis CEO Greg Westergaard said in a statement.
Yemasee officials said that “a significant number” of the escaped primates were located in a facility near where the rescued animal was found and were “jumping back and forth over the facility’s fence.”
“Alpha Genesis management and staff are on-site, actively feeding and monitoring the animals, and they will continue these efforts throughout the weekend,” the town’s officials said in a statement.
“The primates continue to interact with their companions inside the facility, which is a positive sign,” they added.
Westergaard said the monkeys were having a nap Saturday afternoon.
“They are coming down to the ground a bit more now. It is a slow process,” he said.
The creatures escaped when a new employee at the Alpha Genesis center left the door to their enclosure open, Yemassee Town Administrator Matthew Garnes said during a briefing Thursday with town officials.
The primates are all very young females weighing 6 to 7 pounds each who have never been tested, according to police. There is no public health threat, police said.
ABC News’ Bill Hutchinson contributed to this report.
Avishek Das/SOPA Images/LightRocket via Getty Images
(NEW YORK) — After waiting six months — and losing $4 billion on paper — former President Donald Trump faces a potential windfall from his social media company.
Half a year after the public company behind Trump’s Truth Social platform went public, the “lockup” agreement that prevented Trump from selling any of his 115 million shares expired on Thursday afternoon.
Beginning to sell his shares could allow Trump to profit handsomely from his stake in the company — which is currently valued at approximately $1.7 billion — but it could crater the stock for the company’s diehard supporters, many of whom invested their money in the company as a sign of their support for the former president.
At the same time, holding onto the investment would be a financial leap of faith for Trump, whose shares comprise a large percentage of his net worth but have lost billions of dollars in value over the last six months.
Asked about the choice last week, Trump vowed not to sell.
“They’re worth billions of dollars, but I don’t want to sell my shares,” Trump said. “I’m not going to sell my shares. I don’t need money.”
Trump’s choice comes amid new financial pressures and a significant reshuffling of his financial portfolio.
While Trump’s net worth has grown to $4.3 billion according to the most recent Forbes estimate, the former president owes over $560 million in civil judgments, which he is actively appealing. The majority of his personal wealth — once built on the namesake properties that shot him to fame — now stems from his shares in his social media company, Trump Media & Technology Group, which have fallen more than 70% since the company went public.
Analysts, meanwhile, have expressed concern about a further decline if Trump loses the November election.
Shares in Trump Media closed at a new low of $14.70 Thursday ahead of the lockup provision expiring, though the company enjoyed a 25% surge last week after Trump announced his plan to hold his shares.
“When he’s promised to do something, he’s kept his word,” said Jerry Dean McLain, a shareholder who purchased a hundred additional shares after Trump’s pledge. “He’s loyal to his followers — to his people — so I don’t have any reason not to believe him.”
‘Nothing like this’
Trump turned to the idea of creating his own social media company in the months following his ban from Twitter and other social media companies after the Jan. 6 attack on the Capitol. Truth Social launched in 2022, billing itself as a beacon for free speech on the internet with larger plans to expand into streaming.
“All of a sudden, I went from being No. 1 to having no voice,” Trump said about the benefit of Truth Social. “I’m not going to let that happen again.”
Despite multiple roadblocks — including a dispute with the company’s cofounders and its special purpose acquisition company paying a fine to settle fraud charges with the Securities and Exchange commission — the social media company went public in March.
Shares in the public company peaked at $66 in April, with analysts comparing the company to so-called “meme stocks” like AMC and GameStop, whose share prices surged based on investor enthusiasm rather than financial metrics.
By the summer, Trump Media’s stock price lingered around $30 before slumping to the teens in September, which some experts still believe is overvaluing the company, which only brought in $836,000 in revenue last quarter — a 30% decline from a year earlier. Based on the company’s cash per share, the stock is overvalued by 1,000%, according to University of Florida finance professor Jay Ritter.
With the company losing millions of dollars, reporting limited revenue, and offering an unproven business model, the stock’s performance has frequently tracked with Trump’s personal wins and losses. When Trump was convicted on 34 counts of falsifying business records in New York, the stock declined 14% in after-hours trading following the verdict. Shares then surged as much as 30% early trading on the Monday after Trump survived an assassination attempt in Butler, Pennsylvania.
“It’s much more of a speculative half-proxy for the former president’s reelection prospects and half kind of a long shot early-stage opportunity to get in on a potential new tech company and social media platform,” said Tyler Richey, an analyst at Sevens Report Research.
While it’s not unusual for a company’s stock price to fluctuate based on its corporate leadership, Trump’s relationship to the value of his company stands alone, according to Mike Stegemoller, a finance professor at Baylor University. Trump is the platform’s most notable user, he attracts new members to the platform, and he is the company’s largest shareholder.
“Publicly traded corporations … are somewhat dependent on personalities, but nothing like this,” said Stegemoller. “You’re getting this asset that generates cash flows, and you’re coupling that with a personality that’s pulling revenue to that asset.”
In regulatory filings, the company has acknowledged the risk of being tied to the former president. If Trump were to sell his shares or begin using another social media platform, the company’s stock value could suffer.
Trump, for his part, has vowed to continue posting on Truth Social.
“I love it. I use it as a method of getting out my word,” Trump said last week regarding the platform.
‘A much more profitable deal’
The lockup agreement that’s kept Trump from selling off his shares in the first six months is an arrangement that’s often used by public companies to prevent company leadership from taking actions that could affect the stock price, according to Ritter.
Trump’s 115 million shares means he owns more than half of the company, so selling those shares — which Trump would have to disclose within two days in a public filing — could trigger a massive selloff and tank the company’s stock price.
“As soon as folks know he’s getting out in any large amount, I would imagine shares would fall,” said Stegemoller.
According to Stegemoller, Trump’s announcement last week that he would not sell his shares is reasonable — not only because Trump likely wants the company to succeed, but also because selling his shares too rapidly could cost him money. Because he holds so many shares, Trump would be unlikely to fully offload them all before the stock price plummeted, forcing him to sell his remaining shares at a lower price.
Alternatively, Trump could slowly sell some of his shares, arrange a deal with a buyer, or use the shares as collateral for loans. Selling some of his shares would allow Trump to still own a controlling interest in the company while diversifying his portfolio, according to Stegemoller.
“Selling slowly over time in order to pull money out of his investment is a much more reasonable deal for him, and a much more profitable deal for him, too,” Stegemoller said.
Although Trump has publicly declared that he plans to hold his shares, executives in the company could consider selling their holdings, which could also impact the stock price.
“They might want to get out as quickly as possible, and rather than sell their shares gradually, it might be a rush for the exit,” said Ritter.
‘I’m not leaving’
Trump has suggested that the company’s sluggish stock performance is partially due to speculation about him stepping away from the company — a notion he tried to dispel last week.
“People think that I’m leaving. That’s why they’re down,” Trump said regarding shares in the company. “It’s different if I leave, but I’m not leaving. I love it.”
And some analysts believe the expiration of the lockup provision could prove to be a turning point for the company.
According to Richey, a recent spike in trading volume and other metrics suggest that the stock price might be reaching a bottom, while Trump’s decision to hold his shares could reassure investors.
Speculation about Trump’s chances of winning in the November election could also help the stock price.
“There’s still money in the markets supporting a Donald Trump win if you’re using the stock price as a proxy for the election outcome,” Richey said.
(PAWLET, Vt.) — A son has been arrested for the murder of his father, his father’s wife and her teenage son, who were found shot to death at their Vermont home, police announced Friday.
The triple homicide was discovered early Sunday. Officers responded to a report of a “suspicious person” and the investigation led them to a home in the town of Pawlet, Vermont State Police said.
Inside they found the three deceased victims — Brian Crossman Sr., 46, who was a Pawlet government official; his wife, Erica Crossman, 41; and her son and his stepson, Colin Taft, 13, police said. They were killed sometime early Sunday morning inside their home, police said.
Crossman Sr.’s son — Brian Crossman Jr., 23, of Granville, New York — now faces counts of aggravated murder in connection with the fatal shootings of his father, stepmother and stepbrother, Vermont State Police said Friday.
“The Vermont State Police investigation identified significant evidence that linked Crossman Jr. to the killings, including digital information, statements, injuries, and various interviews,” Vermont State Police said in a statement.
New York State Police located Crossman Jr. and took him into custody. He is being detained without bail pending an appearance before a judge in New York to initiate proceedings for his extradition to Vermont, police said.
Police have not released any details on an alleged motive in the killings.
He was set to appear in court in Glens Falls, New York, Friday afternoon. It is unclear if he has an attorney at this time.
It is unclear when he will return to Vermont, police said.
All three family members died from gunshot wounds and their deaths have been ruled as homicides by the Vermont Chief Medical Examiner’s Office, police said. Crossman Sr. was shot in the head and torso, Erica Crossman was shot in the head and her son had multiple gunshot wounds, police said.
Crossman Sr. had joined the Pawlet Select Board this year, where he served as a liaison to buildings and development and to the town’s highway department, according to the town’s website.
Pawlet Select Board Chair Mike Beecher remembered him as a “friend and neighbor” and a “hardworking community member.”
“This tragedy that struck him and his family has also hit our community hard, and we are shaken and grieving,” Beecher said in a statement Tuesday. “Our hearts go out to everyone affected by this devastating loss. The town of Pawlet will work to get through this as we always get through hard times, by supporting each other and doing our best to carry on.”
Pawlet, a town of about 1,400 people, is located in western Vermont on the New York state line.
