Truist and Fifth Third Halt Sales of Delaware Life Products Amid Federal Scrutiny Over Billionaire Mark Walter’s Assets
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Truist and Fifth Third Halt Sales of Delaware Life Products Amid Federal Scrutiny Over Billionaire Mark Walter’s Assets

Major financial institutions Truist Financial Corp. and Fifth Third Bancorp have suspended the distribution and sale of insurance and annuity products from Delaware Life. The move follows growing concerns over multi-agency federal investigations into how the insurer and its parent organization accounted for an estimated $20 billion in assets tied to affiliated entities controlled by […]
Prediction Market Legal Battles Escalate: Appeals Court Ruling Sets Stage for Supreme Court Showdown
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Prediction Market Legal Battles Escalate: Appeals Court Ruling Sets Stage for Supreme Court Showdown

Prediction market platforms have faced a significant legal setback as the 9th U.S. Circuit Court of Appeals ruled against classifying sports-related event contracts as “swaps.” This decision directly challenges the stance of platforms like Kalshi and Crypto.com, as well as the Commodity Futures Trading Commission (CFTC), which argue that such contracts are federal derivatives. Many […]
Federal Court Overturns Pentagon’s ‘Supply-Chain Risk’ Label Against AI Pioneer Anthropic
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Federal Court Overturns Pentagon’s ‘Supply-Chain Risk’ Label Against AI Pioneer Anthropic

A federal judge in California has struck down the Trump administration’s designation of artificial intelligence safety startup Anthropic as a national security supply-chain risk, ruling the label unlawful. U.S. District Judge Rita Lin declared that the classification, initiated by Defense Secretary Pete Hegseth, constituted “unlawful retaliation” violating the First Amendment, and was both “arbitrary and […]
Federal Court Rules Pentagon’s Blacklisting of AI Startup Anthropic Was Unlawful Retaliation
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Federal Court Rules Pentagon’s Blacklisting of AI Startup Anthropic Was Unlawful Retaliation

A federal court has ruled against the U.S. Department of Defense, declaring its decision to designate artificial intelligence startup Anthropic as a supply chain risk to be both unlawful and baseless. U.S. District Judge Rita Lin issued the ruling, stating that national security concerns do not grant the government a “blank check” to penalize or […]
Meta’s $18 Billion Settlement Brings New Teen Limits, But Critics Say It’s Not Enough
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Meta’s $18 Billion Settlement Brings New Teen Limits, But Critics Say It’s Not Enough

Social media giant Meta has agreed to an $18 billion settlement with numerous U.S. states, a landmark agreement that will see the company implement significant new restrictions aimed at protecting young users across its platforms, including Instagram, Facebook, and WhatsApp. This resolution comes amidst a lawsuit alleging that Meta deliberately designed its services to be […]