Overview
- Eric Trump said Friday he intends to sue MS NOW and Jen Psaki over a segment linking his Beijing trip to his ties with fintech firm ALT5 Sigma, and he denied any board role or business in China.
- Psaki responded Friday night by airing Nasdaq ceremony footage and company records that first identified him as an ALT5 director before later listing him as a board observer.
- SEC filings show Eric Trump as a nonvoting board observer, a role that lets a person attend meetings without authority to vote, and Bloomberg reported his name was removed from ALT5’s leadership page in April.
- The Financial Times reported ALT5 signed a memorandum of understanding with Chinese chipmaker Nano Labs to explore U.S. AI data centers, as ALT5 touts a partnership with the Trump family crypto venture World Liberty Financial.
- As of the latest reports, Eric Trump’s threat remains an announced intent with no lawsuit filed in court.