Speed Reads

Late Night Tackles Michael Cohen

Stephen Colbert is pretty sure Michael Cohen was a bad investment for Russian oligarchs, drugmakers, AT&T

On Tuesday night, Stormy Daniels' lawyer Michael Avenatti released documents, later confirmed, showing that President Trump's lawyer Michael Cohen had gotten millions from companies. A Russian oligarch's U.S. subsidiary paid Cohen $500,000, and AT&T ponied up, Stephen Colbert said on Wednesday's Late Show. "You paid for insights into this administration? He's a horny old racist who likes cheeseburgers more than his children — $200,000, please."

Drugmaker Novartis chipped in seven figures. "Side effects of taking money from Novartis may include headache, nausea, and extended jail time," Colbert said. "So they paid $1.2 million for access to the same administration that let Michael Wolff just sit around writing down everything he saw? No wonder drugs cost so much." The payments were all made in what Colbert jokingly called "crime-sized" chunks, "because the whole thing was supposed to be under the radar," he said, repeating a pertinent question from a source close to the deals: "How the f--k did Avenatti find out?"

"It's pretty crazy that the Stormy Daniels money could be traced all the way back to Vladimir Putin," Jimmy Fallon said on The Tonight Show. "In response, Putin said, 'Donald can spend allowance however he wants.'" This is "why Trump calls Putin his Sugar Vladdy," he added.

"Meanwhile, great news from North Korea — is not a sentence I was expecting to say, but it's actually true," Colbert said, pointing to the release of three Americans held by North Korea. "So credit where credit is due: The return of these prisoners is a good thing that Donald Trump helped happen. We can put it right up there with humiliating Ted Cruz and ... that's it." And CIA director nominee Gina Haspel "attempted to put her past behind her" at Wednesday's Senate confirmation hearing, "and like me, some of the senators there were not convinced that Haspel's torturing days were behind her," he said, helpfully reminding her that Trump favors waterboarding and worse. Watch below. Peter Weber