Top Stories

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  AI Giant Anthropic Launches Plans For Estimated $61B IPO

  By Jade Martinez-Pogue

  Claude developer Anthropic PBC on Tuesday set a price range for its long-anticipated blockbuster initial public ...(read more)

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  Mitsui Joins Bank To Buy Chip Materials Maker For $11.6B

  By Al Barbarino

  Mitsui Chemicals said Monday it has teamed up with the government-owned Development Bank of Japan to purchase se...(read more)

• Block Inc. Makes $150M Deal To End Cash App Fraud Suit

  By Craig Clough

  Block Inc. reached a deal for insurers to pay it $150 million to resolve a shareholder derivative suit alleging that compliance failures fueled an "explosion" of fraud and other illicit activity on the company's Cash App, according to a motion filed Monday seeking a California federal judge's preliminary approval.

• Grassley Defends Rush To Confirm Trump Judicial Picks

  By Courtney Bublé

  Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, on Tuesday defended how quickly the committee is moving to confirm President Donald Trump's judicial picks before Democrats control the Senate.

• JPMorgan Can't Reclaim $45M Over Frank Fraud, Investors Say

  By Jarek Rutz

  Three investors in college financial startup Frank told the Delaware Chancery Court on Tuesday that JPMorgan Chase Bank NA waived the $45 million in claims it wants to recover from the fraudulent $175 million acquisition of Frank.

• Judge Will Reduce 'Shocking' $88M Mesh Bellwether Verdict

  By Carolyn Muyskens

  A Massachusetts federal judge said Tuesday she will reduce an $88 million verdict awarded to an Alabama couple in the first bellwether hernia mesh trial against Medtronic subsidiary Covidien LP, saying the award appeared to be "the product of passion."

• Ark. Senators Accused Of Blocking Trump's 8th Circ. Pick

  By Courtney Bublé

  With time waning for a Republican-controlled Senate, President Donald Trump might lose an opportunity to fill a seat on the U.S. Court of Appeals for the Eighth Circuit.

• Lumber Giant Mercer International Hits Ch. 11 With $1B+ Debt

  By Alex Wittenberg

  Mercer International Inc. has filed for Chapter 11 protection in a Texas bankruptcy court with $1.6 billion of funded debt and a pre-negotiated restructuring plan that would hand control of the company to its creditors.

• Trump Taps DOJ Lawyer To Serve On EEOC

  By Vin Gurrieri

  President Donald Trump has nominated an attorney with the Justice Department's Civil Rights Division to fill one of two vacancies on the U.S. Equal Employment Opportunity Commission, potentially solidifying a three-member Republican majority through at least 2029.

• Nvidia Investor Sues Over CEO's Fling With Suspected Spy

  By Hailey Konnath

  An Nvidia shareholder Monday filed a proposed class action against the company and Chief Executive Officer Jen-Hsun "Jensen" Huang over Huang's alleged affair with a suspected Chinese spy, claiming that the chipmaker misled investors as to national security concerns and risks to the company's reputation.

• DOJ Says Lyft Drivers 'Insult And Demean' Disabled Riders

  By Rae Ann Varona

  The U.S. Department of Justice sued Lyft Inc. Monday in California federal court for $53 million, accusing the ride-hailing company of discriminating against passengers with disabilities, including former U.S. Circuit Judge David Tatel, whom the DOJ said was twice denied a ride because of his guide dog.

• 9th Circ. Pauses Some Calif. Climate Disclosure Requirements

  By Rae Ann Varona

  The Ninth Circuit ruled Monday that California can require companies to report greenhouse gas emissions from their own operations or from purchased energy, but temporarily blocked the state from requiring reporting of indirect emissions and climate-related financial risk.

• Calif. Voters Turn Down One-Time Tax On Billionaires

  By Maria Koklanaris

  California will not enact a 5% tax to be levied once on the wealth of billionaires in the state, the Associated Press determined Monday.

• Calif. Voters Reject Prop. 45 Fast-Tracking CEQA Reviews

  By Dorothy Atkins

  Golden State voters have rejected the California Chamber of Commerce-backed Proposition 45, which would have limited reviews under the California Environmental Quality Act and allowed developers to fast-track most housing, water and health projects.