Top Stories

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  Ill. Jury Awards $49.5M To Ethiopian Air Victim's Family

  By Lauraann Wood

  Illinois federal jurors awarded $49.5 million Wednesday to the family of a global health worker who died alongsi...(read more)

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  Warsh Confirmed As Trump's Next Federal Reserve Chair

  By Jon Hill

  The U.S. Senate signed off Wednesday on the White House's choice of Kevin Warsh to lead the Federal Reserve, cap...(read more)

• HealthSplash CEO Found Guilty In $450M Medicare Fraud Trial

  By Carolina Bolado

  A Florida federal jury found a former healthcare company executive guilty on Wednesday of swindling Medicare out of $450 million with software that created false prescriptions for orthotic braces.

• Latham, Davis Polk Lead AI Chipmaker Cerebras' $5.6B IPO

  By Jade Martinez-Pogue

  Artificial intelligence computing company Cerebras Systems Inc. raised roughly $5.6 billion in its blockbuster initial public offering that priced above range late on Wednesday, representing the largest IPO this year.

• Feds' Sanctuary City Suit Against Boston Scrutinized

  By Julie Manganis

  A Massachusetts federal judge appeared poised Wednesday to throw out a Trump administration lawsuit against the city of Boston over its "sanctuary city" policy limiting cooperation with federal immigration agents.

• Weinstein Reports Chest Pains Amid Jury Evidence Request

  By Frank G. Runyeon

  A jury deliberating in Harvey Weinstein's third Manhattan rape trial requested several pieces of evidence on Wednesday, including cross-examination testimony by his accuser, as the ex-Hollywood producer reported chest pains from the courthouse's holding area.

• Judge Asks If Musk Is Getting Special Treatment In SEC Deal

  By Jared Foretek

  A D.C. federal judge said Wednesday she would not simply "rubber-stamp" a deal to abruptly end the U.S. Securities and Exchange Commission's lawsuit against Elon Musk over his initial purchase of Twitter Inc. stock in 2022, asking at a status conference if Musk was getting special treatment.

• Man Who Sold Matthew Perry Fatal Ketamine Gets 2 Years

  By Rae Ann Varona

  A licensed drug addiction counselor who sold "Friends" actor Matthew Perry the ketamine on which he fatally overdosed in October 2023 was sentenced in California federal court Wednesday morning to two years in prison, having pled guilty to drug-related charges.

• Texas Judge Says X Can't Depose Tim Cook In ChatGPT Row

  By Spencer Brewer

  A Texas federal judge shot down a request by X Corp. to depose Apple Inc. CEO Tim Cook in a sprawling antitrust lawsuit X launched last year, but said Wednesday that it could depose Apple's head of software.

• Latham Guides Geothermal Startup Fervo's Upsized $1.9B IPO

  By Jade Martinez-Pogue

  Geothermal energy developer Fervo Energy hit the public markets on Wednesday after raising $1.9 billion in its upsized initial public offering.

• Spirit Employees File WARN Act Suit in Ch. 11

  By Emily Lever

  Laid-off employees of Spirit Airlines have filed a putative class action against the debtor, demanding two months' pay and benefits following Spirit's abrupt shutdown and the loss of their jobs.

• Ex-NY Judge Charged With $5M Real Estate Investment Scheme

  By Pete Brush

  A recently resigned Brooklyn state judge and a real estate investor were arrested Wednesday on federal charges they scammed $5 million from investors who backed their purported New Jersey commercial sale, allegedly pitched using the judge's good name.

• WWE Investors Want Sanctions For Deleted Signal Messages

  By Jarek Rutz

  Counsel for World Wrestling Entertainment shareholders urged the Delaware Chancery Court on Wednesday to draw evidence sanctions against former CEO Vince McMahon and other company leaders, arguing that deleted Signal messages, missing texts and discarded notes undercut the record in their challenge to WWE's $21.4 billion merger with Ultimate Fighting Championship.

• Trump 1st-Term Tariff Hikes On China Legal, Feds Tell Justices

  By Dylan Moroses

  President Donald Trump's first administration was well within its legal authority to increase tariffs on Chinese goods under a law utilized to address unfair trading practices, and the U.S. Supreme Court doesn't need to consider a challenge to those measures, the government told the justices.