\n<\/p>\n
Fox News host Laura Ingraham is joining a business venture that includes Donald Trump Jr \u2013 after she repeatedly criticized the business dealings of another president\u2019s son: Hunter Biden.<\/p>\n
Ingraham, Trump Jr and Chamath Palihapitiya, a business associate of Donald Trump\u2019s eldest son and namesake, were all listed as board members of a new venture seeking to go public on the stock market, according to Bloomberg. It purports to \u201cfund the next chapter of American Exceptionalism and help Make America Grow Again\u201d.<\/p>\n
A filing for the company, Colombier Acquisition Corp III, has designated it as a special-purpose acquisition company, or Spac, which is a shell company that raises money on the stock market before merging with an existing company that isn\u2019t on the market yet. The company is looking to raise $260m in its initial public offering (IPO).<\/p>\n
The announcement emphasizes the growing coziness between Fox and the Trump family. In February, Fox launched a weekend show featuring Lara Trump, Trump\u2019s daughter-in-law who joined the network as a contributor in 2021. While the network, during Joe Biden\u2019s Oval Office term, had appeared to grow cold toward Trump, it has fully embraced his second presidency.<\/p>\n
Ingraham, a longtime star of the network, was a vocal critic of Hunter Biden and his business dealings while his father was vice-president under Barack Obama. She argued that Biden utilized his dad\u2019s political influence to carry out business deals.<\/p>\n
Media Matters, a liberal media watchdog group, estimated that Ingraham mentioned Hunter Biden in more than 150 episodes of her show in 2023 and 2024, in the second half of his father\u2019s presidency. Last December, when Joe Biden pardoned his son, a move that was seen as controversial among liberals and conservatives, Ingraham compared the family to the Corleone mob family of the fictional Godfather movie franchise.<\/p>\n
\u201cGiven what we\u2019ve learned about the long-term corruption and deception of the Biden family, the Corleones have nothing on them,\u201d Ingraham said.<\/p>\n
Joe Biden had previously said he would not use his executive authority to pardon his son. But, upon pardoning him, the then president said his son had become a political target. In addition to controversial links to foreign companies while his father was vice-president, Hunter Biden was also found guilty of felony charges related to a handgun purchase in 2018 and federal taxes.<\/p>\n
Last November, after his father won the election, Trump Jr announced his new role at 1789 Capital, an investment firm with close ties to conservative donors. The company\u2019s website says that it funds \u201cthe next chapter of American exceptionalism\u201d. So far, it has invested in companies in AI, energy, defense and three of billionaire Elon Musk\u2019s companies. In September, the firm quietly passed $1bn in assets, according to Reuters.<\/p>\n
The company, in a statement to Reuters, said that it \u201cmaximizes transparency and compliance, even though no one at the fund has ever worked in government\u201d. The White House, meanwhile, has insisted that Trump and his family have never engaged in conflicts of interest.<\/p>\n
Trump and his eldest sons were found guilty of civil fraud in 2024. In August, an appeals court threw out the $355m penalty a New York judge ordered Trump to pay after he was deemed guilty of fraud in his real estate business, though the appeals court affirmed the overall fraud verdict.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fox News host Laura Ingraham is joining a business venture that includes Donald Trump Jr \u2013 after she repeatedly criticized the business dealings of another president\u2019s son: Hunter Biden. Ingraham, Trump Jr and Chamath Palihapitiya, a business associate of Donald Trump\u2019s eldest son and namesake, were all listed as board members of a new venture<\/p>\n","protected":false},"author":1,"featured_media":29671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[303,964,2621,6684,17504,2112,11708,150,81,7263],"class_list":{"0":"post-29670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-donald","10":"tag-fox","11":"tag-host","12":"tag-ingraham","13":"tag-joins","14":"tag-laura","15":"tag-news","16":"tag-trump","17":"tag-venture"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/29670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29670"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/29670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/29671"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}