The New York judge who presided over Donald Trump’s hush money case on Friday sentenced the president-elect to an “unconditional discharge,” meaning he is now a convicted felon in the eyes of New York state law but will face no further penalties.

US President-elect Donald Trump has been sentenced to an "unconditional discharge" in his hush-money criminal trial. That means he will face no penalty in the form of prison time, probation or a fine. He will take office as the first US president with a felony conviction.

Fox News legal editor Kerri Urbahn breaks down the events in the New York courtroom as President-elect Donald Trump was sentenced by Judge Juan Merchan.

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.

The measures, which were immediately called insufficient by ethics lawyers, included appointing an outside lawyer and limiting Mr. Trump’s access to detailed financial information.

The Trump Organization announced Friday that the company will not enter into new agreements with foreign governments while Donald Trump is in office.

The judge, as expected, imposes no penalty. The outcome in Trump's felony case cements his conviction but frees him to return to the White House unencumbered by the threat of jail or a fine.

Despite his best efforts to stall proceedings, Donald Trump will be handed a sentence. Here is the news to know on Friday.