US court rejects Trump's lawsuit against the Wall Street Journal over letter to Epstein
Federal judge in Miami closed the defamation lawsuit against Rupert Murdoch and the newspaper, on the same weekend that the Nasdaq fell 2.86%.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM TIMES BRASIL · 3 MIN
A Miami federal judge dismissed Trump's defamation lawsuit against Rupert Murdoch and The Wall Street Journal. According to Times Brasil, Saturday's decision (31), with 20 pages, ended the process with a resolution on the merits. The case revolved around a July 2025 report about an alleged 50th birthday letter that Trump sent to Jeffrey Epstein.
When justifying the decision, judge Darrin Gayles stated that Trump did not present plausible arguments of real intent, that is, that the newspaper had acted with the intention of publishing something false. Also according to Times Brasil, Gayles wrote that the amended complaint attempted to fabricate flaws in the investigation carried out by the vehicle.
The rejection was made with prejudice, which prevents further action on the same topic, according to Investing.com.
In trading on Friday (30), American indices closed down. According to the Money Times, the Dow Jones fell 1.09%, to 51,770.31 points, the S&P 500 fell 1.82%, to 7,580.07 points, and the Nasdaq lost 2.86%, to 25,436.999 points. It was the biggest daily percentage drop for the Nasdaq since June 5.
The sale was attributed to investors leaving the technology sector, concerned about companies' spending on artificial intelligence, according to Money Times. The trigger was the disappointing quarterly results from Intel and Amazon, released on Thursday (29).
The two issues run in parallel. On the one hand, the legal process ends, for now, with no chance of new action against the newspaper. On the other hand, the market reacts to the balance sheets and awaits the mid-term elections in the USA, scheduled for Tuesday (3).
What changes for the investor
The court decision has a limited direct effect on the market, as the case dealt with a dispute with the press and not company results. The point that weighs on investors is Friday's session, in which the fall of the Nasdaq was linked to concerns about spending on artificial intelligence and the balance sheets of Intel and Amazon. It is worth monitoring whether this topic remains at the center of technology investors' attention in the coming weeks, and whether the earnings season repeats the tone of disappointment. This analysis does not provide a buy or sell recommendation or price forecast.
Automatically translated from Portuguese.
