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Boston Beer sued by investors for misleading statements on seltzer biz

Sep 17, 2021 23:09 pm UTC| Law Economy

Investors are suing Boston Beer Co. for misrepresenting the sales performance of its seltzer product line, which includes Angry Orchard Hard Seltzer and Truly Hard Seltzer. At least three law firms have sued Boston...

Countless chicken meat buyers eligible to share in $181 million price-fixing settlement

Sep 16, 2021 21:57 pm UTC| Law Economy

A $181 million class-action price-fixing lawsuit settlement allows anyone who purchased chicken from a grocery store in the last decade-plus to be eligible for a share in the payments. Law firms Hagens Berman Sobol...

Judge orders Apple to alow app developers to receive payments outside its platform

Sep 10, 2021 23:53 pm UTC| Economy Law

A federal judge granted an injunction sought by Epic Games by ordering Apple Inc. to allow developers from receiving payments outside its App store, taking a big bite out of the Phone makers profitability. The App Store...

Coinbase receives lawsuit threat from SEC without explanation

Sep 10, 2021 23:41 pm UTC| Digital Currency Law

Nasdaq-listed cryptocurrency exchange Coinbase received a notice of potential legal action against its planned Lend program by the US Securities and Exchange Commission (SEC) on something that has yet to be...

Lawmaker vows to make India's cryptocurrency legislation 'distinct and unique'

Sep 10, 2021 23:39 pm UTC| Digital Currency Law

The chairman of Indias Parliamentary Standing Committee on Finance, Jayant Sinha, vowed to make the countrys cryptocurrency legislation distinct and unique by balancing stability and growth in recognizing the importance of...

Indian app developers hoping for solutions similar to S. Korea’s ‘anti-Google law'

Sep 09, 2021 15:46 pm UTC| Law Economy

Indian app developers are becoming more hopeful that the country would conceive solutions similar to South Koreas so-called anti-Google law. The new South Korean law lets apps use their preferred payment systems,...

California bill to require gender-neutral toy aisles

Sep 04, 2021 12:44 pm UTC| Law Economy

California is considering making gender-neutral toy aisles compulsory in its department stores, and impose fines of $250 to $500 on stores that do not comply, starting in January 2024 While the bill will not prohibit...

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Economy

WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo

Four days of high-stakes trade negotiations in Yaoundé, Cameroon ended in deadlock during the early hours of Monday, as World Trade Organization member states failed to agree on a reform agenda or renew a...

U.S. Trade Rep Dismisses WTO's Future Role After Failed Cameroon Summit

U.S. Trade Representative Jamieson Greer declared on Monday that the World Trade Organization will play only a marginal role in shaping future global trade policy, following a contentious ministerial meeting in Cameroon...

Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control

U.S. Treasury Secretary Scott Bessent reassured markets on Monday that the global oil supply remains stable, pointing to increased vessel traffic through the Strait of Hormuz as a key indicator of improving conditions....

Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes

Global aluminum prices shot up sharply on Monday, approaching levels not seen in nearly four years after Iranian missile and drone attacks caused significant damage to major smelting facilities across the Gulf region. The...

Goldman Sachs Sees Value in European Real Estate Stocks Despite Sharp Selloff

European real estate stocks have taken a significant hit since late February, tumbling roughly 14% as rising bond yields and widening credit spreads weigh heavily on the sector. According to Goldman Sachs, valuations have...

Politics

FBI Labels Michigan Synagogue Attack as Hezbollah-Inspired Terrorism

Federal authorities have officially classified the March 12 attack on Michigans largest Jewish temple as an act of terrorism motivated by pro-Hezbollah ideology. The FBIs Detroit field office confirmed the designation on...

Trump Administration Resumes Partial Asylum Processing After Temporary Halt

The Trump administration has announced it will resume processing certain asylum applications following a temporary suspension that was triggered by a high-profile shooting involving an asylum seeker. U.S. Citizenship and...

Trump's Name Spreads Across America: Airports, Warships, and Currency

Florida Governor Ron DeSantis signed legislation Monday renaming Palm Beach International Airport after former and current President Donald Trump, marking yet another addition to a growing list of American institutions,...

Israel Passes Death Penalty Law Targeting Palestinians in Military Courts

Israels parliament has approved a controversial new law establishing hanging as the default sentence for Palestinians convicted in military courts of carrying out deadly attacks. The legislation, championed by far-right...

U.S. Army Investigates Military Helicopters Flying Near Kid Rock's Home and Anti-Trump Protests

The U.S. Army has launched an administrative review after military Apache helicopters were spotted flying near the Nashville home of rock star and Trump supporter Kid Rock, as well as near anti-Trump demonstrations held...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...
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