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Sat, May 16, 2026 03:29 AM All times are UTC

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Johnson & Johnson spends $800 million to settle most gynecomastia lawsuits

Oct 31, 2021 19:18 pm UTC| Law Economy

Johnson Johnson disclosed that it spent $800 million in settling substantially all of the roughly 9,000 cases by men who claimed having developed excessive breast tissue in using the companys antipsychotic drug...

BTS’ agency warns of legal action against Army Coin's agency

Oct 30, 2021 23:21 pm UTC| Law Digital Currency Economy

Hybe, the K-pop corporation behind BTS, denied any connections with a cryptocurrency called Army Coin and warned of legal action against it for infringement. Army Coin has been listed on Bitget, a crypto exchange...

S. Korean watchdog proposes Facebook pay 300,000 won per victim over personal data breach

Oct 30, 2021 15:57 pm UTC| Law Economy Technology

The South Korean watchdog on personal information protection proposed that Facebook pay 300,000 won in compensation to each of 181 users over breach of their data. The Personal Information Protection Commission (PIPC)...

Roller derby team sues MLB's Cleveland Indians to prevent name change to Guardians

Oct 28, 2021 23:50 pm UTC| Law Sports Economy

Roller derby team Cleveland Guardians has sued the Cleveland Indians Major League Baseball (MLB) team for the latters attempt to use the same Guardians name at the conclusion of the 2021 baseball season. In a federal...

Washington State sues 19 chicken producers over alleged price fixing

Oct 27, 2021 23:54 pm UTC| Law Economy Business

Washington states attorney general Bob Ferguson sued the top 19 US poultry companies, alleging that they conspired to fix chicken prices. Among the defendants were Tyson Foods, Sanderson Farms, Pilgrims Pride Corp., and...

Rolexes traded in S. Korea's online secondhand market raise tax avoidance, money laundering issues

Oct 27, 2021 23:54 pm UTC| Law Life Economy

An increasing number of South Koreans are putting luxury goods and gold bars up for sale in the online secondhand markets, raising issues on tax avoidance and money laundering. According to Rep. Park Hong-Keun of the...

US Attorneys General petition FDA to promptly set limits over heavy metals in baby food

Oct 26, 2021 22:39 pm UTC| Law Business Economy

Attorneys general from 23 states are urging the FDA to promptly set the limits against high levels of heavy metals, such as arsenic, lead, cadmium, and mercury, in baby food. The FDA has already announced a program to...

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Economy

Gold Prices Post Worst Weekly Drop Since March as Strong Dollar and Fed Rate Hike Bets Pressure Metals

Gold prices tumbled sharply on Friday, recording their biggest weekly decline since mid-March as a stronger U.S. dollar and growing expectations of Federal Reserve rate hikes weighed heavily on the precious metals market....

Powell Named Fed Chair Pro Tempore as Trump Prepares to Install Kevin Warsh

The Federal Reserve Board announced Friday that Jerome Powell will serve as chair pro tempore until Kevin Warsh is officially sworn in as the next leader of the U.S. central bank. The move comes as President Donald Trump...

Dollar Surges as Fed Rate Hike Expectations Grow Amid Inflation and Global Bond Sell-Off

The U.S. dollar extended its rally for a fifth consecutive session on Friday, posting its strongest weekly performance in more than nine months as investors increased expectations for further Federal Reserve interest rate...

UK Stocks Slide as Labour Leadership Tensions and U.S.-China Talks Shape Markets

British stocks closed lower on Friday as political uncertainty surrounding the U.K.s ruling Labour Party pressured investor sentiment and weakened the pound for a fourth straight session. The FTSE 100 dropped 0.61%, while...

Cuba Weighs $100M U.S. Aid Offer Amid Fuel Crisis

Cuba said Thursday it is open to considering a $100 million humanitarian aid proposal from the United States, though officials remain doubtful about President Donald Trumps broader intentions as the island struggles...

Politics

Ukraine Begins Major POW Swap as 205 Soldiers Return from Russian Captivity

Ukraine has successfully brought home 205 service personnel from Russian captivity in the first phase of a large-scale prisoner exchange with Russia, President Volodymyr Zelenskiy confirmed on Friday. The operation marks a...

Matthew Wale Elected Solomon Islands Prime Minister After No-Confidence Vote

Matthew Wale has been elected as the new Prime Minister of the Solomon Islands after lawmakers voted out former leader Jeremiah Manele in a no-confidence motion last week. The Solomon Islands parliament selected Wale on...

Rubio Urges China to Release Jimmy Lai and Political Prisoners

U.S. Secretary of State Marco Rubio said the United States is seeking a positive response from China regarding repeated appeals for the release of jailed Hong Kong media tycoon Jimmy Lai and other political detainees....

US Hosts Israel-Lebanon Talks as Ceasefire Deadline Nears

The United States described the latest Israel-Lebanon talks in Washington as productive and positive as diplomats pushed to prevent renewed escalation ahead of a fragile ceasefire deadline. U.S. officials confirmed that...

Pentagon Halts Planned U.S. Troop Deployment to Poland Amid Europe Force Review

The Pentagon has reportedly canceled plans to temporarily deploy 4,000 U.S.-based troops to Poland, according to two U.S. officials, raising fresh concerns over the future of American military presence in Europe under...

Science

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

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...

Technology

FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices

Arm Holdings Plc (NASDAQ: ARM) is reportedly under formal investigation by the U.S. Federal Trade Commission (FTC) over concerns tied to its semiconductor licensing business, according to Bloomberg. The probe marks a...

Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates

Applied Materials posted record fiscal second-quarter revenue on Thursday and issued a stronger-than-expected forecast for the third quarter, fueled by rising global investment in artificial intelligence infrastructure and...

Anthropic Nears $30 Billion Funding Round at $900 Billion Valuation

AI startup Anthropic is reportedly close to securing a massive $30 billion fundraising deal that would value the company at approximately $900 billion, according to a Financial Times report published Friday. The new...

Nvidia’s China AI Chip Sales Remain Frozen Despite U.S. Approval

Nvidias efforts to expand AI chip sales in China remain stalled even after the U.S. approved several Chinese technology giants to purchase the companys H200 processors. Although around 10 Chinese firms, including Alibaba,...

Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth

Alibaba Group Holding Ltd. (HK:9988) saw its Hong Kong-listed shares jump sharply on Thursday after the Chinese e-commerce and technology giant reported better-than-expected quarterly earnings driven by strong momentum in...