Business
Trump’s pressure on the media is mounting, with Kimmel sidelined ‘indefinitely’
Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024.
Mike Blake | Reuters
President Donald Trump’s pressure on media companies is mounting.
On Wednesday, the Walt Disney Co. pulled “Jimmy Kimmel Live!” off the air “indefinitely” from its ABC network after the host made comments linking the alleged killer of conservative activist Charlie Kirk to Trump’s “Make America Great Again” movement.
The move is drawing comparisons to CBS’ cancellation of “The Late Show With Stephen Colbert” in July and raising questions about the protection of free speech in a Trump-era broadcast environment.
“We hit some new lows over the weekend with the MAGA Gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it,” Kimmel said during a monologue that aired Monday night.
“In between the finger-pointing there was grieving. On Friday the White House flew the flags at half-staff, which got some criticism, but on a human level you can see how hard the president is taking this,” he continued, teeing up a clip of Trump on the White House lawn.
Trump was asked how he was holding up in the wake of Kirk’s death, to which he answered, “I think very good,” before pivoting to point out that construction had started on the new $200 million ballroom project.
“He’s at the fourth stage of grief: construction,” Kimmel joked. “Demolition. Construction. This is not how an adult grieves the murder of someone he called a friend. This is how a 4-year-old mourns a goldfish. OK? And it didn’t just happen once.”
Kimmel has not been fired, but Disney heads wanted to speak with the host about what he should say when he goes back on the air, according to people familiar with the situation.
Trump weighed in on the matter Thursday, saying, “They should have fired him a long time ago. … He was fired for a lack of talent.”
FCC approval
Kimmel, ABC and Disney are the latest target of Trump’s scrutiny of media companies, which has intensified during his second term marked by high-profile defamation lawsuits, the defunding of public broadcasters and regulatory interference from the Federal Communications Commission.
“An inexcusable act of political violence by one disturbed individual must never be exploited as justification for broader censorship and control,” Anna Gomez, the lone Democratic FCC commissioner, wrote in a social media post Wednesday. “This Administration is increasingly using the weight of government power to suppress lawful expression.”
Gomez has been outspoken about the FCC’s and Trump’s interactions with media companies. In late July, when the government agency approved the merger of Paramount and Skydance, she wrote a statement of dissent, saying she was troubled by Paramount’s recent payment to settle a suit brought by Trump against Paramount-owned CBS over a “60 Minutes” interview with then-Vice President Kamala Harris.
“The Paramount payout and this reckless approval have emboldened those who believe the government can — and should-abuse its power to extract financial and ideological concessions, demand favored treatment, and secure positive media coverage,” she wrote at the time.
It’s not the first instance of Trump interfering with media mergers. He tried to block AT&T’s $85 billion merger with Time Warner in 2017 unless it sold off CNN. Ultimately, the deal went through in mid-2018.
The suspension of “Jimmy Kimmel Live!” came amid statements from FCC Chair Brendan Carr that suggested ABC’s broadcast license was at risk because of the remarks.
In a podcast interview Wednesday, before ABC’s announcement, Carr said the FCC was “going to have remedies that we can look at” with regard to Kimmel’s comments.
“Frankly, when you see stuff like this, I mean, we can do this the easy way or the hard way,” Carr said. “These companies can find ways to change conduct and take action, frankly, on Kimmel, or there’s going to be additional work for the FCC ahead.”
In August, Trump posted on his Truth Social platform that ABC and NBC should lose their broadcast licenses for what he called “unfair coverage of Republicans and/or Conservatives.”
“Crooked ‘journalism’ should not be rewarded, it should be terminated,” Trump said in the post.
Notably, Disney needs regulatory approval for a deal that would see the NFL buy 10% of ESPN in exchange for NFL Media assets.
Carr told CNBC’s “Squawk on the Street” on Thursday that Kimmel appeared to “mislead” the American public about facts regarding Charlie Kirk’s killing in the days leading up to his show’s suspension.
“The issue that arose here, where lots and lots of people were upset, was not a joke,” Carr said.
“It was not making fun,” Carr said. “It was appearing to directly mislead the American public about a significant fact that probably one of the most significant political events we’ve had in a long time, for the most significant political assassination we’ve seen in a long time.”
The show’s suspension also came after Nexstar Media Group said its ABC-affiliated stations would preempt Kimmel’s show “for the foreseeable future” beginning Wednesday.
Nexstar is seeking FCC approval for its planned $6.2 billion merger with Tegna. About 10% of the approximately 225 ABC affiliate stations are owned by Nexstar. Tegna owns about 5% of ABC’s affiliate stations.
Sinclair, which owns around 40 ABC affiliate stations, also indefinitely preempted “Jimmy Kimmel Live!” It said it would not lift that suspension until it had a formal discussion with ABC about the network’s “commitment to professionalism and accountability” and called on Kimmel to issue a direct apology to Kirk’s family.
Sinclair said in August it is exploring merger options for its broadcast stations, though it hasn’t yet reached a deal.
Retaliatory actions
In addition to clashes with the FCC, media companies have also been the target of defamation lawsuits in recent years. Paramount’s $16 million payout to settle Trump’s suit was the result of the most recent case.
A lawsuit against ABC News was settled in December 2024, in which the network agreed to pay $15 million toward Trump’s presidential library after Trump claimed anchor George Stephanopoulos made an inaccurate on-air assertion that the then-president-elect had been found civilly liable for raping writer E. Jean Carroll. Trump had been found liable for sexually assaulting and defaming Carroll. Trump denies Carroll’s claims that he attacked her.
Trump is currently suing The New York Times over articles and a book published during the 2024 campaign and The Wall Street Journal for a story that connected him to Jeffrey Epstein.
Additionally, Trump has barred specific reporters and whole news organizations from pooled press events for not using preferred terminology or for being critical of Trump.
The Associated Press is currently restricted from access to White House spaces like the Oval Office and Air Force One because it would not adopt the renaming of the Gulf of Mexico to the Gulf of America. And former CNN reporter Jim Acosta had his credentials stripped back in 2018 after clashing with Trump. The ban was later overturned.
— CNBC’s Alex Sherman, Luke Fountain and Dan Mangan contributed to this report.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC. Versant would become the new parent company of CNBC upon Comcast’s planned spinoff of Versant.
Correction: This article has been updated to reflect that Jimmy Kimmel’s comments aired on his show Monday night. A previous version misstated the day.
Business
HDFC Bank Changes Lounge Access Norms For Debit Cards From January 10– Details Here
New Delhi: If you often use your HDFC Bank debit card for free airport lounge access, this update is important for you. The bank has changed how complimentary lounge entry works on its debit cards. Instead of simply swiping your card at the lounge, customers will now need a digital voucher to get access. Also, the minimum spending requirement has been increased, reported Moneycontrol. These new rules will come into effect from January 10, and will apply to eligible debit cardholders going forward.
How the New Lounge Voucher System Works
Once your eligibility is confirmed, HDFC Bank will send you an SMS or email with a link to claim your lounge access voucher. You’ll need to verify your request by entering an OTP sent to your registered mobile number. You will receive a voucher code or QR code after successful verification which must be shown at the airport lounge to get entry.
Minimum Spend Requirement Increased
Under the revised rules, HDFC Bank debit card users will now need to spend at least Rs 10,000 in a calendar quarter to be eligible for complimentary airport lounge access. Earlier, the minimum spend required was Rs 5,000.
However, this condition will not apply to HDFC Infiniti Debit Card holders. Customers using the Infiniti card will continue to enjoy free lounge access without any minimum spending requirement.
Eligible Transactions and Free Lounge Visits by Card Type
Only purchase transactions made using the debit card will be considered while calculating the quarterly spending requirement. Other types of transactions will not be counted, as noted by Moneycontrol.
Meanwhile, the number of complimentary lounge visits remains unchanged and continues to depend on the debit card variant:
Millennia Debit Card: 1 free visit per quarter
Platinum Debit Card: 2 free visits per quarter
Times Points Debit Card: 1 free visit per quarter
Business Debit Card: 2 free visits per quarter
GIGA Debit Card: 1 free visit per quarter
Infiniti Debit Card: 4 free visits per quarter
This means cardholders should check both their spending eligibility and card type to know how many lounge visits they can enjoy.
Which Transactions Count and Voucher Validity Explained
Only purchase transactions made using the debit card will be counted towards the quarterly spending requirement. As per Moneycontrol, the following transactions will not be included:
ATM cash withdrawals
UPI or wallet payments (GPay, PhonePe, Paytm, etc.)
Credit card bill payments made via debit card
Debit card EMI transactions
New debit cardholders will also need to meet the Rs 10,000 spending requirement to become eligible for complimentary lounge access.
Voucher Validity:
Once issued, the lounge access voucher will remain valid till the end of the next calendar quarter, after which it will expire if not used.
What This Means for Debit Card Users
With the updated lounge access rules, HDFC Bank is clearly encouraging higher card usage and digital verification. Customers who regularly use complimentary lounge benefits will now need to keep a close watch on their quarterly spending and complete the voucher process in advance. As per Moneycontrol, physical debit card swipes will no longer work from January 10, making it important for travellers to switch to the new digital voucher system.
Business
NPS Changes In 2025: Know New Rules On Exit, Withdrawal, Lock-In And Entry
Pension Fund Regulatory and Development Authority has amended NPS exit and withdrawal rules to give subscribers greater flexibility, choice and control over their retirement savings.

The revised rules primarily target the non-government sector, where NPS participation is voluntary, covering both All Citizen and Corporate subscribers.

Non-government subscribers with an NPS corpus of more than Rs 12 lakh can now withdraw up to 80% of their savings as a lump sum, with only 20% mandatorily allocated to an annuity.

For All Citizen subscribers, the minimum lock-in period for premature exit has been removed, easing access to accumulated pension wealth.

At normal exit, non-government NPS subscribers can now withdraw up to 80% of their corpus as lump sum, with the mandatory annuity portion reduced to 20%.

The threshold for 100% lump-sum withdrawal has been raised significantly, with greater flexibility through systematic lump-sum or unit withdrawals for mid-sized corpuses.

Individuals joining NPS after age 60 will no longer face a vesting period and will also be eligible for up to 80% lump-sum withdrawal at exit.

Up to 25% of own contribution can be withdrawn for housing, medical needs, or loan repayment, with clearer timelines.

While core annuity requirements for government subscribers remain unchanged, higher corpus thresholds and systematic withdrawal options have been introduced.

The maximum entry and exit age under NPS has been increased to 85 years, allowing subscribers to stay invested longer.

Subscribers can now seek financial assistance from regulated institutions, with lenders allowed to mark lien on up to 25% of the subscriber’s own NPS contribution.

By simplifying exits, expanding withdrawal choices and improving liquidity, the amendments aim to make NPS more inclusive while safeguarding long-term retirement income.
Business
India-US trade: Exports rebound in November; supply-chain shifts and holiday restocking drive recovery, says GTRI – The Times of India
India’s exports to the US bounced back in November after two months of dip. The rebound was largely supported by supply-chain adjustments and pre-holiday season inventory restocking, according to the Global Trade Research Initiative (GTRI). This recovery came despite the US imposing 50 per cent tariffs on Indian goods since August.
November India-US trade snapshot amid higher tariffs
- Exports to the US rose 22.61 per cent in November to $6.98 billion, reversing declines seen between May and September.
- Smartphones (largest export item): Exports fell from $2.29 billion in May to $884.6 million in September, before rising to $1.8 billion.
- Gems and jewellery: Slumped from $500.2 million in May to $202.8 million in September, then rebounded to $406.2 million.
- Machinery and mechanical appliances: Declined to $516.8 million in September, before nearly returning to peak levels at $614.6 million in November.
- Pharmaceuticals: Shipments rose to $669.2 million in November, but remained below May levels.
- Mineral fuels and oils (tariff-exempt): Fell from $291.5 million in May to $251.5 million in September, before climbing to $274.3 million.
GTRI said the rebound came after a sharp fall in exports earlier in the year, triggered by uncertainty surrounding impending tariff hikes. GTRI Founder Ajay Srivastava said US buyers initially delayed orders and ran down inventories. “Once the higher tariffs became certain, exporters and US buyers began adjusting, absorbing part of the cost, renegotiating prices, and shifting toward less-affected or hard-to-substitute products,” he said.However, the think tank also warned that this recovery might not last. They claimed that it was more about adjusting to tougher tariffs rather than a permanent improvement. The think tank also added that businesses were using short-term strategies to cope with the new trade environment.
-
Business1 week agoHitting The ‘High Notes’ In Ties: Nepal Set To Lift Ban On Indian Bills Above ₹100
-
Business6 days agoStudying Abroad Is Costly, But Not Impossible: Experts On Smarter Financial Planning
-
Business7 days agoKSE-100 index gains 876 points amid cut in policy rate | The Express Tribune
-
Sports6 days agoJets defensive lineman rips NFL officials after ejection vs Jaguars
-
Tech1 week agoFor the First Time, AI Analyzes Language as Well as a Human Expert
-
Entertainment6 days agoPrince Harry, Meghan Markle’s 2025 Christmas card: A shift in strategy
-
Business4 days agoBP names new boss as current CEO leaves after less than two years
-
Business6 days agoFord to record $19.5 billion in special charges related to EV pullback
