Souvenirs are displayed for sale in the window of a shop with a reflection of Windsor Castle, in Windsor, England, where Prince Andrew residence is nearby in the grounds of Windsor Great Park, Thursday, Jan. 13, 2022. A judge has — for now — refused to dismiss a lawsuit against Britain's Prince Andrew by an American woman who says he sexually abused her when she was 17. Stressing Wednesday that he wasn't ruling on the truth of the allegations, U.S. District Judge Lewis A. Kaplan rejected an argument by Andrew's lawyers that Virginia Giuffre's lawsuit should be thrown out at an early stage because of an old legal settlement she had with Jeffrey Epstein, the financier she claims set up sexual encounters with the prince. (AP Photo/Matt Dunham)
Buckingham Palace said on Thursday that Prince Andrew's honorary military titles and royal patronages have been returned to Queen Elizabeth II with her “approval and agreement."
More than 150 navy and army veterans had written to the queen asking her to strip Andrew of all his military ranks and titles after a U.S. judge said Wednesday a sex assault lawsuit against Andrew could go ahead.
In a joint letter issued by the group Republic, they said Andrew had “brought the services he is associated into disrepute.”
The palace said in a brief statement that “with the queen’s approval and agreement, the Duke of York’s military affiliations and royal patronages have been returned to the queen."
“The Duke of York will continue not to undertake any public duties and is defending this case as a private citizen," the statement added.
District Judge Lewis A. Kaplan rejected an argument by Andrew’s lawyers that Giuffre’s lawsuit should be thrown out at an early stage because of an old legal settlement she had with Jeffrey Epstein, the financier she claims set up sexual encounters with the prince.
He stressed that he wasn’t ruling on the truth of the allegations.
Andrew's lawyers have said that the royal never sexually abused or assaulted Giuffre and that he “unequivocally denies Giuffre’s false allegations against him.”
Palace officials have declined to comment on the “ongoing legal matter.”
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Mona Zhang, states cannabis policy reporter at POLITICO Pro joins Cheddar News to discuss major factors that caused Canada's retail marijuana sales to drop last year.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
The NCAA has updated its policy on transgender athletes, allowing each sport’s national governing body to make its own decisions for transgender participation. The new rule is in line with recent changes from the U.S. and International Olympic and Paralympic Committees. Joanna Hoffman, communications director of Athlete Ally, joined Cheddar News to discuss the potential impact of the new rule on the transgender community.
"Saturday Night Live" alum Will Forte is hosting the late-night comedy show this weekend alongside musical guest, Måneskin. Forte, who spent a decade working on the iconic NBC show, is currently starring in "MacGruber," the SNL-sketch-turned-movie that is now streaming on Peacock as a tv series.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
