5 Things for Monday
Today the Supreme Court will hold their last public session before a long summer break. It is expected that the highest Court in the land will start to act on President Trump’s travel ban case, as well as a hotly contested case on the separation of church and state that stemmed from a Missouri church playground.
Overshadowing all of this though is Justice Anthony Kennedy. Rumors swirled over the weekend that the 80-year-old Justice would announce his retirement today. If that rumor turns out to be true (we’ll have to wait and see) - it would mean big changes for the Court. Justice Kennedy is a Democrat, and if the Democrats were to lose a justice this early in the President’s term, Mr. Trump could appoint another Republican- giving the party a strong hold on the Court.
Today could be the day that the Congressional Budget Office reveals their key budget analysis for the new health care bill. This will be a major piece of proof to whether the new bill will be supported or further rejected. Five Republican Senators have already come out against the recently revealed bill, any more than 3 voting against it would kill it. It was speculated before that the vote on the bill would take place late this week, but with growing uncertainty, it might actually be pushed until after Independence Day.
Narenda Modi, the prime minister of India, will be welcomed at the White House today by the President. The two are set to mainly discuss economic growth between the two large countries- which could cause some clashes. While the Indian Prime Minister wants to encourage the U.S. to build manufacturing plants in the Asian country, President Trump has been open about keeping manufacturing in the U.S.
Jury Selection for the trial of Martin Shkreli begins today in New York. Shkreli, a former pharmaceutical CEO, gained media attention when he unnecessarily raised the price of an HIV medication by 5,000 percent while in control of the company. He is accused of running a Ponzi scheme and taking millions of dollars from his former company to hedge fund investors.
The Takata Corporation filed for bankruptcy yesterday, after being overwhelmed by lawsuits from the largest recall in U.S. automotive history. If you don’t remember, it was found that Takata airbags could explode with too much force, causing shrapnel to hit passengers- 16 people died and numerous others were injured because of this.