Wisconsin Supreme Court takes up Trump case after circuit court judge dismissed

Fox News Flash top headlines for December 11

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The Wisconsin Supreme Court has taken on a case by President Trump’s legal team, seeking to have hundreds of thousands of ballots in Democratic Dane and Milwaukee Counties thrown out, even after a circuit court judge dismissed the case Friday.

The latest suit is an attempt by the Trump campaign to stop the Electoral College vote Monday, an effort that seemed like another fruitless attempt when it was dismissed by the circuit court judge earlier in the day — following a string of cases that have been thrownout in both lower and high courts throughout the country.

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Oral arguments are reportedly set to begin Saturday, in an unusually quick turnaround as the state’s high court races against the clock, reported the Wisconsin State Journal. 

Nasdaq to remove shares of 4 Chinese companies after U.S. order

(Reuters) – Index provider Nasdaq said on Friday it will remove shares of four Chinese construction and manufacturing companies after a U.S. order restricting purchase of their shares.

EU states urged not to entertain side deals with Britain in event of no-deal Brexit, says FT

LONDON (REUTERS) – European Union member states have been warned by Brussels to not break ranks or entertain the idea of side deals with Britain should trade talks fail, the Financial Times reported on Friday (Dec 11).

EU member states were warned not to do anything that would ease the consequences of a no-deal end to the Brexit transition period on Jan 1, the newspaper reported, citing a diplomatic note.

U.S. Proposes $1 Billion Arms Sale to Morocco After Israel Deal

The U.S. has proposed selling as much as $1 billion in weapons including Reaper drones to Morocco, just a day after President Donald Trump paved the way for a diplomatic deal with Israel by recognizing the country’s claims of sovereignty over Western Sahara.

The State Department sent informal notification of the proposed sale on Friday to Congress, which gets the ball rolling for formal processing of the sale, according to two people familiar with the matter who asked not to be identified discussing a sale that hasn’t been formally announced.

The agreement includes four weapons-capable MQ-9 Reaper drones along with laser-guided munitions, the people said. Reuters reported earlier that the deal was in the works.

On Thursday, Trump said Morocco and Israel agreed to establish full diplomatic relations and that he was recognizing Morocco’s sovereignty over the long disputed region of Western Sahara. That decision defied a global consensus and United Nations resolutions in which the international community declined to take sides in a conflict that has lingered in the years since a 1991 cease-fire.

Sporadic fighting between Morocco and the rebel group known as the Polisario Front claimed about 9,000 lives over 16 years.

BlackRock’s Fink Says IPO Fever Could End in ‘Many Accidents’

BlackRock Inc. Chief Executive Officer Larry Fink urged caution on the ebullient environment for initial public offerings.

Fink said some IPOs are being priced at levels that are ultimately “unsustainable.” He didn’t mention any companies.

“The question is: Is the market pricing in too large of a forward growth rate for these companies?” Fink said Friday at a virtual fintech event. “There are going to be many accidents.”

The public-offering fervor was on full display this week when DoorDash Inc. and Airbnb Inc. both soared after their IPOs. Home-rental company Airbnb more than doubled in its trading debut, rocketing to a valuation of more than $100 billion before the shares retreated Friday. DoorDash shares pushed its total value above $55 billion, compared with its last private-funding round valuation of $16 billion.

Discover Joins Mastercard, Visa in Cutting Ties With Pornhub

Discover Financial Services said it joined rivals Visa Inc. and Mastercard Inc. in halting acceptance of its cards on Pornhub.com.

Discover’s move was announced in an emailed statement from spokesman Jon Drummond. A spokesman for Pornhub didn’t immediately return a request for comment made late on Friday.

A New York Times column accused the website of distributing videos depicting child abuse and non-consensual violence. Pornhub has said any assertion that it allows material depicting child sexual abuse is untrue.

Mastercard said on Thursday it won’t allow its cards to be used on Pornhub and Visa has said it suspended acceptance of its cards on the site pending an investigation. American Express Co.’s cards aren’t accepted on Pornhub, and the firm has a longstanding policy that prohibits card acceptance on adult-content websites.

Twitter Users Snarkily Celebrate Supreme Court’s Rejection Of Trump

Friday’s news that the U.S. Supreme Court rejected a bid by outgoing President Donald Trump to overturn the election was music to the ears of many Twitter users.

But instead of singing the court’s praises, many Twitter users chose to indulge in schadenfreude, the German word that aptly describes the experience of pleasure or joy at the humiliation of another.

Some singled out Texas Attorney General Ken Paxton, the person who attempted to overthrow precedent by having the court overturn the results of four swing states that chose Joe Biden over Trump.

Others chose to mock Trump’s lawyer, Rudy Giuliani, instead.

Others predicted the Court’s next step.

Although Justices Clarence Thomas and Samuel Alito dissented from the decision, a few people pointed out that none of the three judges that Trump appointed to the court supported his efforts to overturn the will of voters.

The court’s decision makes it easier for Biden to take office. But one Twitter user said things aren’t completely over.

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