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Split Verdict In Diddy Case

Your unbiased daily news brief

Author

James Kratch
July 03, 2025

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Good Thursday morning. House Republicans were working late into the night trying to get President Donald Trump’s “Big Beautiful Bill” budget passed. Have a great holiday!

In Today’s Brief

  • New Jersey: Skydiving crash

  • Ukraine: Weapons freeze

  • Paramount: Trump settlement

  • Microsoft: Layoffs coming

  • Gold Cup: USA victory

... and more

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The Top Tip

Split decision

A Manhattan jury acquitted Sean “Diddy” Combs of racketeering conspiracy and two sex-trafficking counts

  • The news: The hip-hop mogul was convicted on two lesser counts of transporting women for prostitution. U.S. District Judge Arun Subramanian denied bail, so the 55-year-old remains jailed until a tentative Oct. 3 sentencing, where he faces up to 20 years in prison.

  • Why it matters: The split verdict spares Combs a potential life sentence yet hands prosecutors a rare #MeToo-era criminal win against a hip-hop mogul, freezing his liquor, fashion and media brands at a precarious moment.

  • Big picture: The case spotlights the reach — and limits — of RICO and sex-trafficking statutes in celebrity misconduct trials; survivor advocates hail Cassie Ventura’s testimony as a watershed, while defense lawyers say the outcome may make DOJ rethink sweeping enterprise charges in entertainment.

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Quick Tips

U.S. News

  • At least five people were hospitalized after a skydiving plane went off a New Jersey runway and crashed into nearby woods. went off a New Jersey. Seven people are missing after a fireworks factory exploded in California (More | More)

  • Attorneys for a Maryland man unlawfully deported to El Salvador alleged their client was tortured at the country's infamous CECOT prison. Kilmar Abrego Garcia now faces federal human smuggling charges (More)

  • Bryan Kohlberger formally pleaded guilty to killing four University of Idaho students. He accepted a plea deal for life in prison with no right to appeal after prosecutors agreed not to pursue the death penalty (More)

World News

  • U.S. missile and munitions shipments to Ukraine were abruptly halted; the Pentagon cited concerns about low stockpiles and said other partner nations could be impacted (More)

  • At least four people died after a ferry sank near Bali. Indonesian police said 65 were on board and dozens were missing (More)

  • The Pentagon said U.S. military strikes set back Iran's nuclear program by 1-2 years. Tehran has stopped cooperating with the IAEA (More | More)

Political News

  • Paramount Global agreed to a $16 million settlement with President Trump over a voter interference lawsuit related to a 60 Minutes interview with former Vice President Kamala Harris. Massachusetts Sen. Elizabeth Warren called for a congressional probe; the move is expected to allow Paramount's merger with Skydance Media to proceed (More)

  • Former Texas Rep. Colin Allred will run for Senate again. The Democrat and ex-NFL player lost to Sen. Ted Cruz by eight points in 2024 (More)

  • The Libertarian Party has asked billionaire Elon Musk to join its ranks. The former White House advisor has mused about starting a new political party (More)

Business & Markets

  • Major indexes closed mixed yesterday. The Nasdaq was up almost 100 points (Dow -0.02%, S&P 500 +0.47%, Nasdaq +0.94%).

  • Microsoft said it will lay off as many as 9K workers. Reports indicate the Xbox video gaming unit will be hit hard by cuts (More)

  • Del Monte Foods filed for bankruptcy. The 138-year-old canned foods company is seeking a buyer (More)

Entertainment & Sports

  • Diego Luna's goals powered the U.S. Men's National Team to a 2-1 win over Guatemala in the Gold Cup final. Team USA will meet Honduras or Mexico in the final of the continental soccer tournament on Sunday in Houston (More)

  • Four-time Formula 1 champion Max Verstappen is reportedly considering a move to Mercedes. He is currently third on the racing circuit for Red Bull this season (More)