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Capital One $425 million settlement with depositors should be rejected, US states say
Eighteen states say Capital One’s $425M settlement cheats savers, letting the bank avoid $2.5B in payouts on high-interest accounts.
Trump administration rehires hundreds of federal employees laid off by DOGE
Hundreds of federal employees laid off from managing government workspaces are being reinstated as Trump retreats from real estate cuts.
As Boeing’s stock rises on a new foreign deal, US officials signal China may be next to order planes
Boeing shares rose after a $8B Uzbekistan Airways Dreamliner order, with U.S. officials hinting a major China aircraft deal is near.
Powell signals Federal Reserve to move slowly on interest rate cuts
Fed Chair Jerome Powell signaled caution on more rate cuts, diverging from Trump-appointed officials pushing for faster, deeper reductions.
Tylenol maker rebounds a day after Trump’s unfounded claims about its safety
Kenvue shares rebounded after Trump linked Tylenol to autism, claims disputed by the company and lacking new scientific evidence.
Nvidia to invest $100 billion in OpenAI to help expand the ChatGPT maker’s computing power
Nvidia will invest $100B in OpenAI to build 10 GW of AI data centers, boosting ChatGPT’s computing power and expanding global AI infrastructure.
Pfizer to buy Metsera in $5B obesity drug deal
Pfizer will acquire Metsera for nearly $5B, boosting its push into obesity treatments with potential oral and injectable drugs.
Google faces antitrust déjà vu as US seeks to break up its digital advertising business
The DOJ seeks to break up Google’s ad business in a new trial, arguing the company abused its monopoly in digital advertising.
Trump, Xi discuss TikTok deal and easing US-China trade war
Trump and Xi discuss a TikTok deal that could keep the app in the U.S. while signaling progress in easing trade tensions between the nations.
FTC, states sue Ticketmaster, saying it forces fans to pay more for concerts and events
The Federal Trade Commission and a bipartisan group of state attorneys general, including Virginia, sued Ticketmaster and its parent company.
Trump asks Supreme Court to remove fed governor Lisa Cook
The Trump administration asked the Supreme Court to oust Fed Governor Lisa Cook, an unprecedented move to reshape the central bank’s independent board.
DC Council approves RFK stadium site for Commanders return
D.C. Council approved the $3.8B RFK Stadium redevelopment plan, clearing the way for the Commanders to build a new home stadium set to open in 2030.
