Industry

FTC Secures Proposed Record $12 Million Penalty Against Edwards Lifesciences for Alleged HSR Filing Violation

The FTC obtained a proposed record $12M penalty against Edwards and Genesis, alleging they structured a 2024 med-tech deal to dodge HSR filing requirements.

$EW, #edwardslifesciences, #antitrust, #mergers, #medtech

U.K. names AWS, Google Cloud, Microsoft and Oracle as first ‘Critical Third Parties’ for finance

HM Treasury designated AWS, Google Cloud, Microsoft and Oracle as the U.K.’s first Critical Third Parties, triggering joint Bank of England-FCA-PRA oversight.

#cloud, #financialregulation, #uk, #cloudproviders

Texas Filing Shows Most of id Software’s Public Headcount Cut in Microsoft Xbox Layoffs

Texas WARN filing shows 136 id Software layoffs tied to Microsoft's Xbox cuts, removing much of the studio's public headcount and raising concerns about lost technical knowledge.

$MSFT, #gaming, #layoffs, #microsoft, #idsoftware

FTC and Five States File Proposed 10-Year Repair-Access Settlement With John Deere

The FTC and five states filed a proposed settlement requiring John Deere to give farmers and independent repair shops dealer-equivalent software tools and manuals for 10 years.

$DE, #deere, #righttorepair, #antitrust, #ftc, #farmers

Apple deepens Broadcom tie with multiyear chip pact, $1.5 billion Fort Collins expansion

Apple and Broadcom extend ties through 2031 in deals set to exceed $30B, produce 15 billion U.S.-made chips and fund a $1.5B Fort Collins expansion.

$AAPL, $AVGO, #apple, #broadcom, #chips, #manufacturing, #fortcollins

Judge Revives New York Fraud Claim Against DCG and Barry Silbert in Genesis Yield Lawsuit

A Connecticut federal judge revived a New York common-law fraud claim against Digital Currency Group and Barry Silbert in the Genesis Yield investor suit.

#cryptocurrency, #law, #digitalcurrencygroup, #genesis

Toyota to Invest $3.6 Billion to Double San Antonio Plant, Add Tacoma Line and 2,000 Jobs

Toyota will invest $3.6 billion to double its San Antonio plant, add a second Tacoma assembly line and create 2,000 jobs as production shifts from Mexico.

$TM, #toyota, #automotive, #manufacturing, #sanantonio, #texas

TeraWulf Signs 20-Year Lease with Anthropic for Kentucky AI Campus, Sees $19 Billion in Contracted Lease Revenue

TeraWulf said Anthropic will lease a 401 MW AI/HPC campus in Hawesville, Kentucky under a 20-year deal the company values at about $19 billion.

$WULF, #terawulf, #anthropic, #ai, #datacenters

FCA review warns agentic AI could reshape UK retail financial services by 2030, sets out seven regulatory steps

FCA review warns agentic AI could reshape UK retail financial services by 2030 and recommends seven regulatory steps to manage benefits and risks.

#ai, #financial-services, #regulation, #fca

Navient says law-firm ransomware exposed borrower Social Security numbers

Navient told the SEC a ransomware attack on an outside law firm accessed borrower data — including names, addresses, dates of birth and Social Security numbers.

$NAVI, #navient, #data-breach, #cybersecurity, #student-loans

Krafton, Unknown Worlds Settle Earnout Dispute Over Subnautica 2; CEO Ted Gill to Step Down

Krafton and Unknown Worlds reportedly settled a yearlong earnout dispute over up to $250M tied to Subnautica 2, with bonuses reportedly extended to all staff.

#krafton, #unknownworlds, #subnautica2, #earnout

South Korea targets Chungcheong with 392 trillion-won AI and semiconductor investment package

Seoul-backed 392 trillion-won package, led by Samsung and SK hynix, funds HBM, NAND, advanced packaging, AI data centers and biopharma in Chungcheong.

#southkorea, #semiconductors, #ai, #samsung, #skhynix

Former Goliath Ventures CEO Christopher Delgado Pleads Guilty in Crypto Fraud Case

Ex-Goliath Ventures CEO Christopher Delgado pleaded guilty to conspiracy, wire fraud and money laundering in a crypto scheme tied to hundreds of millions of dollars.

#cryptocurrency, #fraud, #finance, #goliathventures

DISH DBS and DISH Wireless file prepackaged Chapter 11 after AT&T spectrum-sale delay

DISH DBS and DISH Wireless filed prepackaged Chapter 11 on June 30 after an AT&T spectrum-sale delay left them unable to meet a $2.0bn July 1 debt.

#dish, #echostar, #bankruptcy, #spectrum, #att

U.K. FCA Publishes Final Crypto Rulebook, Sets Mandatory Authorization by Oct. 25, 2027

The U.K. FCA finalizes a comprehensive crypto rulebook and timetable, requiring authorization by Oct. 25, 2027, with rules for platforms, custodians and stablecoins.

#crypto, #regulation, #uk, #stablecoins