China’s Ant Group Slapped With Nearly $1 Billion Fine
Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer...
corporate crime
Meta’s Facebook Faces Fresh Threat to Sending Personalized Ads in EU
The surprise ruling could short-circuit the platform’s legal efforts to protect its ad-based business model on the continent. Source link
Microsoft CEO Satya Nadella Says $75 Billion Activision Deal Won’t Block Competition
What to Read Next Source link
WSJ News Exclusive | FTX Begins Talks on Reboot Amid Regulatory Crackdown on Crypto Exchanges
The failed crypto company is in initial discussions with investors about relaunching its international exchange. Source link
At 3M, Lawsuits Threaten to Transform the Company
ShareListen(2 min) Source link
Ozempic Maker Sues Spas and Clinics Selling Custom-Made Versions
Novo Nordisk accused the firms of false advertising, trademark infringement and unfair competition. Source link
FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Dispute Erupts Over Former Zappos CEO Tony Hsieh’s Happiness Brand
A friend of former Zappos CEO Tony Hsieh is suing the entrepreneur’s estate over ownership of the Delivering Happiness business....
Merck Challenges U.S. Government’s New Powers to Negotiate Drug Prices
The drugmaker filed a lawsuit saying Medicare’s drug-price negotiation program violates the company’s constitutional rights. Source link
Supreme Court Says Employer Can Sue Union for Losses Caused by Work Action
Justices say labor law doesn’t protect union from claims that workers endangered company property. Source link
Kia, Hyundai Thefts Continue Three Months After Carmakers Deployed Fix
ShareListen(2 min) Source link
Inside the Prison Where Elizabeth Holmes Could Serve Her Sentence
The all-women’s facility in Bryan, Texas, includes family visits, vegetarian meals and thin mattresses. Source link
TikTok Creators Sue Montana Over State’s Ban of Short-Video Platform
Suit against state’s attorney general alleges the ban of the social-media platform is unconstitutional and violates the First Amendment. Source...
Theranos Founder Elizabeth Holmes to Report to Prison May 30
The U.S. Court of Appeals for the Ninth Circuit had denied her request to stay out on bail. Source link
FTC Moves to Block Amgen’s $27.8 Billion Deal for Horizon Therapeutics
ShareListen(2 min) Source link
Elon Musk Issued Subpoena in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein
The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. Source link
Parts Maker Rejects Demand to Recall Air-Bag Inflators Regulators Call Unsafe
The NHTSA says inflators have been linked to explosions and fatalities, but the manufacturer disagrees. Source link
British Entrepreneur Mike Lynch Extradited to U.S. Over HP Case
The tech entrepreneur once hailed as Britain’s Bill Gates was extradited to the U.S., a year after a U.K. judge...
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs. Source...
DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
The Swedish lockmaker has agreed to sell some of its brands to another company. Source link
