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The federal sex trafficking probe into Rep. Matt Gaetz is looking at trips he took to the Bahamas, CBS News says

Virginia General Assembly passes law allowing for legal possession of one ounce of Marijuana

  • The Virginia General Assembly passed a bill on Wednesday allowing for the legal possession of up to one ounce of Marijuana.
  • See more stories on Insider’s business page.

The Virginia General Assembly passed a bill on Wednesday allowing for the legal possession of up to one ounce of Marijuana.

Lieutenant Governor Justin Fairfax broke a 20-20 tie in the Virginia Senate, moving the legislation forward years earlier than anticipated.

The measure will go into effect on July 1, 2021. 

This story is developing. Check back for updates.

Lorry teeters on edge of bridge after smashing through safety barrier on M25




Mother calls 911 from police station about smothering daughters to death

How Teachers Are Exploring the Derek Chauvin Trial With Students

In Minneapolis, where George Floyd was killed, educators have used the trial as an opportunity to help their students examine the complex issues of race, policing and the criminal justice system.

By Dan Levin

KKR To Buy Therapy Brands

Investment firm KKR Wednesday said it has agreed to acquire a majority interest in Therapy Brands from its existing shareholders investment funds affiliated with Lightyear Capital LLC, Oak HC/FT and Greater Sum Ventures.

Existing investor PSG will participate in the transaction alongside KKR and continue to be a minority shareholder in Therapy Brands. Financial details of the transaction were not disclosed.

Founded in 2013, Therapy Brands provides end-to-end, purpose-built software solutions to streamline the full clinical, administrative and reimbursement workflows of healthcare professionals in multiple end markets.

“Provider and patient friendly technology-enabled solutions are more important than ever as the demand for mental and behavioral health services continues to rapidly increase,” said Kimberly O’Loughlin, CEO of Therapy Brands.

European Economics Preview: Eurozone Final Factory PMI Data Due

Factory Purchasing Managers’ survey data from euro area and other major European economies are due on Thursday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis is slated to issue German retail sales data for February. Economists forecast sales to grow 2 percent on month, reversing a 4.5 percent drop in January.

At 2.30 am ET, Swiss consumer price data is due. Prices are forecast to drop 0.3 percent on year in March, following a 0.5 percent fall in February.

At 3.15 am ET, Spain’s factory PMI is due. The index is seen at 56 in March versus 52.9 in February.

At 3.45 am ET, IHS Markit is set to release Italy’s manufacturing PMI data. Economists forecast the index to rise to 59.8 in March from 56.9 in February.

Thereafter, manufacturing PMI reports are due from France and Germany at 3.50 am and 3.55 am ET, respectively.

At 4.00 am ET, Eurozone final factory PMI is due. The index is seen at 62.4 in March, unchanged from flash estimate.

Half an hour later, UK Markit/CIPS final manufacturing PMI is due. Economists expect the index to match the flash score of 57.9 in March.

Reversing Trump, Biden Restores Aid to Palestinians

The move will once again make the United States a leading donor to the United Nations agency that assists about 5.7 million Palestinians in the Middle East.

By Pranshu Verma and Rick Gladstone

The federal sex trafficking probe into Rep. Matt Gaetz is looking at trips he took to the Bahamas, CBS News says

  •  
  • See more stories on Insider’s business page.

The Justice Department investigation into whether Florida Rep. Matt Gaetz broke federal sex trafficking laws is reportedly zeroing in on a series of trips Gaetz took to the Bahamas in 2018 and 2019 with a marijuana entrepreneur, according to CBS News.

Sources who spoke with CBS News said that Gaetz was joined by weed businessman and hand surgeon Jason Pirozzolo on his trips to the Bahamas, and that Pirozzolo paid for flights, hotels, and female escorts.

Investigators are reportedly looking at whether women were trafficked across state and international lines during those trips with Gaetz.

In a statement to CBS News, Gaetz’s office said: “Rep. Gaetz has never paid for sex, nor has he had sex with an underage girl. What began with blaring headlines about ‘sex trafficking’ has now turned into a general fishing exercise about vacations and consensual relationships with adults. Yesterday, we even learned of some nonsense ‘pardon’ story that turned out to be false, and today it’s just more euphemism. It’s interesting to watch the Washington wheels grinding so hard every time one of their falsehoods gets knocked down.”

Insider reached out to Gaetz’s office for comment.

This story is developing. Check back for updates.