Legal

Kalshi CEO Tarek Mansour said prediction markets could soon face regulatory scrutiny over potential fraud and insider trading risks, a move he welcomed. Mansour, in Tuesday’s episode of “The Axios Show,” expressed concerns about the potential for fraudulent activities in the...

Deere & Company (NYSE:DE) late on Monday announced that it has reached a settlement in multidistrict “right to repair” litigation, resolving the case without any finding of wrongdoing. According to a Reuters report, Deere will pay $99 million to settle a U.S. “right to repair...

Shares of Universal Music Group N.V. (OTC:UNVGY) surged over 11% on Tuesday, as Bill Ackman’s hedge fund Pershing Square offered to buy the world’s biggest music label in a cash-and-stock deal worth around 55.8 billion euros ($64.4 billion). Under the deal, which is expected to be...

On Monday, OpenAI asked California Attorney General Rob Bonta and Delaware Attorney General Kathy Jennings to investigate Elon Musk and his associates, alleging "improper and anti-competitive behavior." OpenAI Seeks Regulatory Scrutiny Of Musk In a letter sent to the attorney generals, OpenAI...

The ongoing scandal involving SuperMicro Computer Inc. (NASDAQ:SMCI) poses a significant challenge to its longstanding partnership with Nvidia (NASDAQ:NVDA), but the impact may not be too harsh, says one expert. Sachin Ohal, CTO at International Systems Technologies, told Fortune that Nvidia'...

Paramount Skydance Corp. (NASDAQ:PSKY) is in talks to secure a massive $24 billion in equity commitments from three Gulf sovereign-wealth funds to support its takeover of Warner Bros. Discovery Inc. (NASDAQ:WBD). The Saudi Arabia-led consortium, which includes the Qatar Investment Authority...

The Trump administration invoked national security in an emergency appeal filed Friday with the U.S. Court of Appeals for the District of Columbia to resume construction of the White House ballroom, after a federal judge ordered the $400 million project halted. Security Breach Or Executive...

On Friday, former White House official Anthony Scaramucci defended Pam Bondi after her abrupt dismissal, arguing that satisfying President Donald Trump is nearly impossible. Scaramucci Says Bondi Met Expectations — But Still Fell Short Scaramucci pushed back against criticism of Bondi, saying she...

On Friday, Nevada judge Jason Woodbury moved to block prediction market platform Kalshi from offering event-based contracts in the state, siding with regulators who argue the products amount to illegal gambling. Nevada Judge Extends Ban On Kalshi At a hearing in Carson City, Woodbury said he would...

On Friday, an Italian court found that the contractual clauses Netflix Inc. (NASDAQ:NFLX) used to raise subscription prices between 2017 and early 2024 were unfair, siding with the consumer group Movimento Consumatori.  Court Rules Netflix Price Hikes Violated Consumer Law The court said the...

President Donald Trump has proposed a fiscal 2027 budget that would raise defense spending by some 44% while cutting non-defense discretionary programmes by 10%, according to a White House budget document released on Friday. The proposed surge in defense spending to $1.5 trillion, up from about $1...

Nepal’s authorities have uncovered an alleged fraud operation centered around expeditions to Mount Everest, where foreign trekkers were targeted for bogus rescue and medical claims. Alleged Everest Insurance Scam Targets Foreign Climbers The South Asian country’s Central Investigation...

In a recent alarming incident, a journalist became the victim of a sophisticated phishing attack, believed to be orchestrated by North Korean hackers. Ben Weiss, a journalist from Fortune, who had been covering the Democratic People’s Republic of Korea (DPRK), wrote that he was ensnared by a...

Rep. Pramila Jayapal (D-Wash.) criticized the tax rates of billionaires and expressed dissatisfaction with the current tax system.  Jaypal took to X on Thursday and pointed out that billionaires such as Meta Platform (NASDAQ:META) Mark Zuckerberg, legendary investor Warren...

Sen. Mark Warner (D-Va.) and Sen. Adam Schiff (D-Calif.) have demanded an investigation into potential insider trading within the government. The senators sent letters to the Securities and Exchange Commission (SEC) Chairman Paul Atkins and the Department of Defense (DoD) Inspector General...