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It is possible that President Donald Trump is impeached and removed from office, but still eligible for re-election in the 2020 presidential race, per Article I, Section 3 of the US Constitution, as Insider’s Grace Panetta reported.
The Constitution extends the consequences of impeachment as far as unseating and indicting a president.
However, one key passage in the articles of impeachment drafted by House Democrats and released on Tuesday, mentions disqualifying Trump from holding future office — which would require a second simple-majority vote in the Senate — in addition to impeachment.
“President Trump thus warrants impeachment and trial, removal from office, and disqualification to hold and enjoy any office of honor, trust, or profit under the United States,” reads a passage on page five of the articles of impeachment.
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The House introduced two articles of impeachment against President Donald Trump Tuesday focusing on abuse of power and obstruction of Congress. The Constitution extends the consequences of impeachment as far as unseating and indicting an official, but a vote to impeach does not prevent them from running for office in the future.

However, at the end of the first article of impeachment on page five (which pertains to abuse of power) there is a paragraph that nods to the 2020 election. It reads:

“Wherefore President Trump, by such conduct, has demonstrated that he will remain a threat to national security and the Constitution if allowed to remain in office, and has acted in a manner grossly incompatible with self-governance and the rule of law. President Trump thus warrants impeachment and trial, removal from office, and disqualification to hold and enjoy any office of honor, trust, or profit under the United States.”

This paragraph is significant for two reasons, as pointed out by The …read more

Source:: Business Insider

      

Shares in Aramco, the Saudi-owned oil giant, spiked 10% Wednesday when they hit the market in the world’s biggest-ever IPO.

The spike came as shares began trading on Riyadh’s Tadawul stock exchange, after years of wrangling over where they would list.

Due to regulations on the Tadawul, a 10% spike was the maximum possible for the debut.

The offering raised $25.6 billion, according to the Financial Times, putting it just ahead of the previous record IPO, which was the $25 billion amassed by Alibaba in 2014 in the New York Stock Exchange.

This is a developing story, more to follow.

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NOW WATCH: WeWork went from a $47 billion valuation to a failed IPO. Here’s how the company makes money.

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Source:: Business Insider

      

Canva’s Chief Product Officer and Co-Founder Cameron Adams reiterated confidence in his company’s massive $3.2 billion valuation, saying that the graphic design startup has “underlying financial stability” that other big-money tech companies don’t have.
Investor confidence in unicorn startups has waned after New York-based co-working startup WeWork went from a $47 billion valuation to talk of bankruptcy in just six weeks.
But Adams told Business Insider that while WeWork had investor hype, Canva has the financial stability that is necessary to achieve long-term success.
Adams added that the company has no plans for an IPO anytime soon but did not rule out the possibility in the future.
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MELBOURNE — Canva’s chief product officer and co-founder Cameron Adams reiterated confidence in his company’s massive $3.2 billion valuation, saying that graphic design startup has “underlying financial stability” that other big-money tech companies don’t have.

Adams told Business Insider during an interview at the Startup Grind APAC Conference in Melbourne, Australia, that his company’s consistent track record justified the recent valuation spurred by a $AU125 million ($85.2 million) funding round.

“That number definitely makes sense to us in terms of where our growth curve is, what we’ve got planned, our track record, everything that’s in motion,” Adams said. “Obviously we wouldn’t negotiate to get that kind of valuation if it wasn’t something that we believed in.”

Still, investors are skeptical of the Sydney-born private business, which has been able to raise an impressive amount of capital since its founding in 2012. The company has been referred to as a “unicorn” — a private company worth at least $1 billion — and co-founder Melanie Perkins has even embraced the term to describe her business.

Other noteworthy unicorns include Uber, Airbnb, and …read more

Source:: Business Insider