The Trump Organization on Friday announced that President-elect Donald Trump will not have any involvement in managing his real-estate and branding empire during his second term and appointed an outside ethics adviser to monitor major company actions – part of several measures the organization said it was taking to avoid conflicts of interest as Trump prepares to return to the White House later this month.

U.S. President-elect Donald Trump won't be involved in the day-to-day management of the Trump Organization once he takes office, the Wall Street Journal reported on Friday, citing an ethics plan from the company.

The company is set to release a series of ethics rules governing Donald Trump’s interactions with his business empire.

As greater Los Angeles burns, President-elect Donald Trump has unleashed a blistering volley against Gov. Gavin Newsom and stepped up threats to withhold federal aid to California, which some experts say could be enduring its most costly disaster ever.

President-elect Donald Trump took to Truth Social to criticize California Governor Gavin Newsom over the state's water policies amid ongoing fires blazing through Los Angeles, urging him to "immediately go to Northern California and open up the water main.