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)

• Trump Asks High Court To Make Ballroom Decision Permanent

  By Katie Buehler

  President Donald Trump has asked the U.S. Supreme Court to make permanent its temporary order allowing construction to continue on the White House ballroom without further litigation, suggesting the justices could rely on an emergency docket ruling to quickly free the project from unnecessary "judicial superintendence." 

• Dems Vow More FCC Oversight, Want Their Seats Filled

  By Christopher Cole

  Democrats promised Tuesday to bring top Federal Communications Commission officials to Capitol Hill for aggressive oversight next year, as they took issue with President Donald Trump's nomination of a third Republican to the regulatory body but continuing to leave a Democratic seat open.

• Justice Asks Gov't To Pick Best 'Poison' In H-2A Fine Case

  By Britain Eakin

  A government attorney told the U.S. Supreme Court on Tuesday that it would be highly disruptive to require civil fines for H-2A visa program violations to be adjudicated solely in federal court, instead of through the U.S. Department of Labor's in-house court.

• 7th Circ. Mulls FCA Penalties For SuperValu Without Damages

  By Celeste Bott

  A Seventh Circuit panel grappled Tuesday with whether supermarket chain SuperValu Inc. could face billions of dollars in False Claims Act penalties for knowingly submitting false prescription drug claims when a jury found whistleblowers failed to prove the government suffered damages, with one judge characterizing the potential penalties as "mind-boggling."

• 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 For 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 Eyes Quick Ch. 11 To Restructure $1.6B

  By Alex Wittenberg and Hilary Russ

  Mercer International Inc. is seeking a speedy exit from Chapter 11, winning approval during its first bankruptcy court hearing on Tuesday to set a mid-December date for confirmation of its prepackaged plan to restructure $1.6 billion of funded debt and hand control of the company to 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.