Overview
- Eric Trump said Friday he intends to sue MS NOW and host Jen Psaki over a segment that said he sat on the board of fintech firm ALT5 Sigma during his trip to China with President Trump.
- He denied any board seat or China business ties and said he traveled only as a loving son, adding that he and his wife, Lara, visited the Great Wall during the bilateral meetings.
- Psaki responded on-air Friday night, airing Nasdaq footage that introduced him as an ALT5 “board member” and citing SEC records that currently list him as a nonvoting board observer rather than a director.
- Coverage also points to ALT5’s deep ties to the Trump-family crypto venture World Liberty Financial, including a large token-and-equity deal, and a reported memorandum of understanding with Chinese chipmaker Nano Labs that drew congressional warnings.
- No lawsuit had been filed as of Saturday, and outlets emphasized different angles, with right-leaning reports highlighting his observer status and left-leaning reports focusing on Psaki’s fact-check and potential conflict-of-interest questions.