00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A federal lawsuit has been filed to stop a UFC fight card planned for the White House South Lawn
00:07as part of Trump's 81st birthday and the nation's 250th anniversary, according to Politico.
00:14The Public Integrity Project filed a lawsuit on behalf of two Virginia residents,
00:18alleging the June 14th event violates National Park Service regulations
00:22that prohibit sporting events on federal parklands.
00:25They also contend Congress never authorized a towering arch plan for the venue
00:30and that the project skipped the required environmental review.
00:33The event, called Freedom 250, is expected to cost TKO Group Holdings $30 million.
00:40Bernstein analyst Ian Moore told Benzinga the event aligns with TKO's long-term growth plans
00:45and maintains an outperform rating with a $240 price target.
00:50Trump has suggested the White House UFC arena could become permanent,
00:54comparing it to the Eiffel Tower.
00:56For all things money, visit Benzinga.com.
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