Federal appeals court blocks grant program for Black women entrepreneurs

Conservative activist Edward Blum's group sued the Fearless Fund over its Strivers Grant Contest.
The $20,000 grants were reserved for businesses majority owned by Black women.
A three-judge federal appeals court panel ruled the program likely illegal and racially exclusionary.
Two Trump-appointed judges supported blocking the program, while one Clinton-appointed judge dissented.
The Fearless Fund remains confident it will ultimately prevail as the case proceeds.