Top Stories

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  SpaceX Inks $60B Cursor Deal As Gibson Dunn, Kirkland Lead

  By Al Barbarino

  Elon Musk's SpaceX disclosed Tuesday that it has agreed to acquire Anysphere Inc., the developer of artificial i...(read more)

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  Judge Tosses XAI Trade Secret Case Against OpenAI

  By Ivan Moreno

  A California federal judge on Monday dismissed xAI Corp.'s trade secret lawsuit against OpenAI without leave to ...(read more)

• Texas Appeals Court Reverses $73M Train Accident Judgment

  By Spencer Brewer

  A Texas appeals court Tuesday reversed a $73 million judgment and ordered a new trial for a woman who sued Union Pacific Railroad Co. after a train hit her as she slept on the tracks, saying the trial court applied the wrong negligence standard.

• Del. Judge Won't Touch Jury's $83M Diagnostics IP Verdict

  By Dani Kass

  A Delaware federal judge on Tuesday upheld a jury's 2023 verdict finding that Guardant Health Inc. should pay TwinStrand Biosciences Inc. $83.4 million for willfully infringing diagnostic patents, refusing to overturn or enhance the award.

• Kalshi Shared Private User Data With Third Parties, Suit Says

  By David Steele

  A California man has hit Kalshi Inc. with a proposed class action in federal court, accusing the prediction market of illegally sharing its users' personal information through LinkedIn and Google website tracking codes.

• J&J Talc Trial In LA Ends With Deadlocked Jury

  By Craig Clough

  A mistrial was declared Monday by a Los Angeles state judge in a two-month trial over allegations Johnson & Johnson's talc products caused a woman's deadly mesothelioma after the jury deadlocked during deliberations, according to counsel for the plaintiff.

• CFPB Scraps 'Outdated' Credit Access Program Guidelines

  By Jon Hill

  The Consumer Financial Protection Bureau is withdrawing a 2020 advisory that gave lenders a road map for offering specially designed credit access programs for underserved communities, saying the guidance is "now outdated" after the agency's recent fair lending rule rollback.

• Blanche To Go Before Senate Panel July 15

  By Courtney Bublé

  Acting U.S. Attorney General Todd Blanche's nomination hearing is a month away, and the fate of his confirmation is likely in the hands of Sens. Thom Tillis, R-N.C., and John Cornyn, R-Texas.

• 4 Firms Advise On Yum Deal To Sell Pizza Hut For $2.7B

  By Al Barbarino

  Yum Brands said Tuesday it has agreed to sell Pizza Hut in two transactions valued at about $2.7 billion in total, with private equity firm LongRange Capital acquiring the business outside mainland China and Yum China Holdings buying the China operations.

• 3 Firms Steer Olin, Huntsman $2.4B All-Stock Merger

  By Jade Martinez-Pogue

  Chemicals companies Olin Corp. and Huntsman Corp. on Tuesday announced plans to merge in a $2.4 billion all-stock deal built by three law firms that is meant to create a "leading" North American chemicals company.

• 4th Circ. Turns Down Bacardi Challenge To Rum TM Renewal

  By Adam Lidgett

  The Fourth Circuit on Tuesday rejected Bacardi's challenge to the U.S. Patent and Trademark Office's renewal of a Cuban company's expired trademark registration for Havana Club rum, finding a retroactive approval to pay the registration fee to be valid.

• EU Parliament Approves Trade Deal With US

  By Dylan Moroses

  European Union lawmakers voted Tuesday to approve legislation implementing the bloc's safeguard-bolstered trade deal with the U.S. founded on a series of tariff cuts, moving one step closer to implementation that is expected before the end of the month.

• Ex-Judge Loses Bid To Undo ICE Obstruction Conviction

  By Britain Eakin

  Former Wisconsin state judge Hannah Dugan has failed in her attempt to use a Fourth Circuit decision to vacate her conviction for helping a defendant in her courtroom evade immigration agents, with a federal judge ruling Tuesday the decision involves fact patterns that differ from her case.

• Texas Insurer Hits Ch. 11 With $134M Debt, Prepackaged Plan

  By Rick Archer

  Insurance company Hallmark Financial Services has filed for Chapter 11 protection in Texas with a prepackaged plan to deal with nearly $134 million in debt with either a sale or an equity swap.