MUFG, Japan's top bank, apologized after an employee stole over $6.6 million from safe deposit boxes; investigations are ongoing with compensation planned.
Legal & Regulatory
Biden Faces Lawsuit From Nippon, US Steel After Blocking Their $15B Merger
Nippon Steel and US Steel are suing the Biden administration after the merger between the two companies was blocked over national security concerns, despite promises of U.S. investments.
Alcohol Companies Struggle Financially Following Huge 'Cancer Risk' Warning from US Surgeons
US Surgeon General's advisory links alcohol to cancer, requiring warning labels on alcoholic beverages, which has caused stock declines for major alcohol companies.
Abortion Pills Face New Legal Restrictions as Trump Administration Reinforces 1873 Law
Groups against abortions in the US are targeting abortion pills through lawsuits, state laws, and potential federal action, raising access concerns nationwide.
Google Suggests Making Search Engine Deals Non-Exclusive to Avoid Selling Chrome and Android
Google proposes loosening its agreements with tech giants to address monopoly concerns, but critics argue this doesn't fully restore competition.
Latest News
The Trump team may scrap Tesla-opposed crash-reporting rules, potentially altering vehicle safety regulation.
Nvidia shares drop following Chinese probe into Mellanox acquisition, tied to escalating US-China chipmaking tensions and anti-monopoly concerns.
Trump's DOGE, led by Elon Musk, aims to streamline federal spending, modernize defense, and open opportunities for smaller tech firms in AI and autonomous systems.
AI rental pricing software in California faces bans and lawsuits over claims it inflates rents, limits competition, and worsens housing affordability.
Microsoft faces a £1B ($1.27B) lawsuit from UK firms over allegedly overcharging for Windows Server software used on rival cloud platforms, aiming to restrict competition and push customers to Azure.
A Delaware judge rejected Musk's $56B Tesla pay package again, ordering Tesla to pay $345M in legal fees despite shareholder support for reinstatement.
Canadian media outlets are suing OpenAI for allegedly violating copyright laws by using news articles to train ChatGPT, seeking punitive damages and future restrictions.
US airlines have collected billions in extra fees like seat selection and carry-on charges, sparking new Biden administration regulations to protect consumers.
Protests in New Delhi erupted against Gautam Adani over his $250 million bribery fee for a solar project, which India Prime Minister Modi allegedly allowed and protected.
