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EU digital rules ‘should apply to Big Tech’s smart TVs’
The smart TVs of Google, Amazon, Apple and Samsung should come under the auspices of the EU’s Digital Markets Act (DMA) because of their growing market power, the world’s largest ?broadcasters have told EU antitrust chief Teresa Ribera. The call by the Association of Commercial Television and Video on Demand Services in Europe (ACT) comes…
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Supreme Court nixes class action challenge
The Supreme Court has refused to consider Eli Lilly and Takeda’s contention that a racketeering lawsuit against the pharma companies shouldn’t proceed as a class action. The lawsuit accuses the companies of violating the Racketeer Influenced and Corrupt Organizations Act by marketing the Actos diabetes drug without disclosing its link to bladder cancer. The case…
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World’s energy watchdog urges people to work from home
The International Energy Agency (IEA) is encouraging workers to work from home to combat soaring oil prices and impending fuel shortages caused by the conflict in the Middle East. The world’s energy watchdog has made 10 recommendations to help households and businesses prepare for protracted disruption to energy markets, including reducing highway speed limits by…
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White House defends Anthropic blacklisting in U.S. court
The Trump administration has in a court filing said that the Pentagon’s blacklisting of Anthropic was justified and lawful, and it opposes the artificial intelligence lab’s ?lawsuit challenging the decision. The legal filing says Anthropic is unlikely to succeed on its claims that its speech protections were violated under the U.S. Constitution’s First Amendment, asserting…
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SEC issues long-awaited crypto guidance
The Securities and Exchange Commission (SEC) has issued guidance explaining how it will define cryptocurrencies as securities and how ?a “non-security” digital asset could meet certain conditions to become an investment contract. The SEC’s new interpretation classifies crypto tokens into five categories: ?digital commodities, digital collectibles, digital tools, stablecoins and digital securities. The agency specified…
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Bank of America settles Epstein accusers’ lawsuit
Bank of America has reached a settlement in a civil lawsuit filed by a woman who accused the bank of facilitating her sexual abuse by Jeffrey Epstein. The lawsuit claimed that the bank ignored suspicious transactions related to Epstein, prioritizing profit over victim protection. U.S. District Judge Jed Rakoff previously ruled that the bank must…
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