President Joe Biden will reportedly suggest Christy Goldsmith Romero to replace Martin Gruenberg as the head of FDIC.
Legal & Regulatory
California Lawmakers Reject Newsom's $400M PG&E Budget Bid Amid Ongoing Political Standoff
California lawmakers rejected Governor Newsom's request to allocate an additional $400 million for PG&E in the state budget, continuing a political standoff.
Visa-Mastercard $30 Billion Swipe Fee Deal Setback as Judge Hints at Rejection
A federal judge in Brooklyn indicated that she will likely reject the $30 billion settlement between Visa, Mastercard, and retailers aimed at capping credit card swipe fees.
FDA Took Over a Year to Act on Whistleblower Tip About Abbott Nutrition, New Audit Finds
An audit revealed that the FDA took over 15 months to act on a whistleblower complaint about conditions at an Abbott Nutrition factory.
US Returns Additional $156 Million to Malaysia From Stolen 1MDB State Fund
The United States (US) has returned $156 million to Malaysia, which was recovered from assets seized in investigations into a global corruption scheme involving the 1Malaysia Development Berhad (1MDB) state fund.
Latest News
Former National Security Agency (NSA) director and retired US Army general Paul M. Nakasone has been named as the new board member of OpenAI.
Shareholders of Tesla approved the move to increase the pay package of CEO Elon Musk to $56 million.
Singaporean company Fullerton Healthcare faced charges of graft and corruption in bribes by co-founders, but one of them, David Sin, was granted permission to leave the country.
Disney has agreed to invest $17 billion in its Florida resort over the next decade or two under a new deal with a DeSantis-backed board, concluding a lengthy legal dispute.
According to its parent company Corus Entertainment, Global News laid off over 24 employees in Alberta, British Columbia, and Ontario due to economic pressures and regulatory challenges.
Thieves in Seattle swiftly target an electric vehicle charging station, snatching copper charging cables as part of a nationwide trend of cable thefts, prompting concerns over security.
Terraform Labs agrees to a $4.47 billion settlement with the SEC for investor asset loss, with co-founder Do Kwon also facing penalties and restrictions following determinations of fraud, impacting the cryptocurrency industry.
Japanese legislation penalizes digital corporations like Google and Apple that don't allow third-party applications and payment systems.
Two Russian-born American citizens were arrested for attempting to illegally export $500,000 worth of snowmachines from the US to Russia via China.
