Top Stories

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  2 Firms Guide Belden's $1.85B Deal For Wireless Co. Ruckus

  By Al Barbarino

  Belden Inc. said Thursday that it will acquire Ruckus Networks from Vistance Networks for about $1.85 billion, a...(read more)

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  Purdue's $125M McKinsey Deal Gets OK Ahead Of Ch. 11 Exit

  By Alex Wittenberg

  Purdue Pharma LP on Thursday secured a New York bankruptcy judge's approval of a $125 million agreement with McK...(read more)

• Fox News Can't Yet Duck Newsom's $787M Defamation Suit

  By Hailey Konnath

  A Delaware state judge Thursday refused to throw out California Gov. Gavin Newsom's $787 million defamation claims over Fox News' coverage of his June 6 phone call with President Donald Trump, ruling that Newsom has plausibly alleged that Fox News knew it was making false statements when it made them.

• OpenAI Judge Pauses Trial To Probe Musk Attys On $97B Bid

  By Dorothy Atkins

  A California federal jury trial over Elon Musk's challenge to OpenAI's for-profit conversion paused on a precarious note Thursday after Musk's legal team failed to object to a document during Musk's cross-examination, and inadvertently opened the door to wide-ranging and potentially damaging evidence into Musk's $97.4 billion acquisition proposal.

• Prediction Market Policing Getting 1st Test In Maduro Bet Case

  By Aislinn Keely

  The insider trading case against a U.S. Army sergeant who helped plan the capture of Venezuelan President Nicolás Maduro presents a compelling test for the statutory tools the government can use to police prediction markets, and it sends a message there's more to come, former prosecutors say.

• New Mexico AG Calls Meta Threat To Leave State 'PR Stunt'

  By Craig Clough

  New Mexico's attorney general responded Thursday to Meta Platforms' threat to pull social media products from the state if an upcoming bench trial over potential mandates to increase child safety goes poorly for the company, calling it a "PR stunt" that is "showing the world how little it cares about child safety."

• FirstEnergy Investor Class Recertified After 6th Circ. Remand

  By Jessica Corso

  An Ohio federal judge on Thursday recertified a class of FirstEnergy Corp. investors suing over the company's $1 billion bribery scandal, standing by his earlier ruling that plaintiffs adequately alleged misrepresentations following a Sixth Circuit remand of the case. 

• Trump Says Fixed-Price Procurement Deals Will Be Default

  By Madeline Lyskawa

  President Donald Trump issued an executive order Thursday making fixed-price contracts the default for federal contracting, as a part of an effort to tackle "unpredictable costs, bloated overhead, and weak performance incentives," which the president attributed to cost-reimbursement contracts.

• Trump Taps 3rd Surgeon General Pick, Drops Casey Means

  By Mark Payne

  President Donald Trump nominated his third pick to be surgeon general on Thursday, withdrawing consideration for Casey Means after her confirmation stalled in the Senate. 

• Trump Order Aims To Help More Workers Save For Retirement

  By Kellie Mejdrich

  President Donald Trump signed an executive order Thursday aimed at expanding workers' access to a low-cost retirement plan via a new government website, touting a $1,000 federal contribution match available under authority that Congress provided in a 2022 retirement law, the Secure 2.0 Act.

• Bitcoin Miner MARA Inks $1.5B Deal To Expand Power Assets

  By Al Barbarino

  Bitcoin miner MARA Holdings Inc. said Thursday it has agreed to buy FTAI Infrastructure Inc.'s Long Ridge Energy & Power unit for $1.5 billion, including assumed debt, in a deal steered by three law firms.

• Senate Advances Mont. Judge Pick Rated Unqualified By ABA

  By Courtney Bublé

  A judicial nominee for the District of Montana who was the only nominee of the second Trump administration so far to receive a "not qualified" rating from the American Bar Association advanced out of committee on Thursday.

• Exec Fired By 5-Hour Energy Founder Wins Trial Over Pay

  By Pete Brush

  A Manhattan federal jury credited severance claims from an executive who worked for the former publisher of Sports Illustrated, awarding him over $1 million after he was fired when the billionaire founder of 5-Hour Energy drinks took control, according to a Thursday verdict sheet.

• CFPB Slashes Small-Biz Lender Reporting In Newly Final Rule

  By Jon Hill

  The Consumer Financial Protection Bureau on Thursday finalized a major rollback of its Biden-era rule on small-business loan data collection, sharply narrowing the scope of financial institutions and activity subject to the statutorily mandated reporting regime.