Trump’s Defamation Lawsuit Against New York Times Triggers Stock Decline

Former US President Donald TRUMP has filed a $15 billion defamation lawsuit against the New York Times, alleging the publication serves as a Democratic Party mouthpiece. The legal action precipitated a 1.5% drop in NYT stock during Tuesday's trading session.

The complaint, filed in Florida federal court, cites a 2024 book and three pre-election articles as part of what Trump calls a 'decades-long pattern of intentional and malicious defamation.' Market reaction was immediate, with investors showing sensitivity to the media company's legal exposure.

Trump's Truth Social post escalated the confrontation, accusing the Times of systematic dishonesty regarding his presidency, family, and political movement. The lawsuit's market impact underscores the financial consequences of high-profile legal battles involving major media institutions.