Trump Administration Pulls Out of Saudi Festival Over Khashoggi Disappearance

Treasury Secretary Steven Mnuchin announced Thursday that he’s pulling out of the Future Investment Initiative (FII), a conference hosted by Saudi Arabia’s sovereign wealth fund that was dubbed the Davos of the Desert. That decision comes after major media companies—including Bloomberg, The New York Times, and The Washington Post—said they would not participate in the high-profile event after the disappearance of journalist Jamal Khashoggi. Fox Business reported Thursday that Goldman Sachs CEO David Solomon still plans to send executives to the conference, but not senior executives like himself and Dina Powell. In an interview with CNBC, Solomon called the alleged killing of Khashoggi “unacceptable.” Audio recordings described by a Turkish official to the Times reportedly indicate that Khashoggi was beheaded and dismembered by a team of Saudi agents inside the Istanbul consulate.