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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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Proxy advisers warn Starbucks over risks from ongoing labor disputes
Starbucks is facing warnings from proxy advisory firms regarding potential financial and reputational risks linked to ongoing labor disputes with its U.S. union. Contract talks have stalled for over a year, but recent discussions are set to resume following a new proposal from the union. Analysts from Institutional Shareholder Services (ISS) raised concerns about the…
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Geopolitical risk analysis demand surges amid U.S.-Iran tensions
Reuters reports on a ?growing industry of ex-military and national security advisors who are helping Wall Street firms identify imminent military action. Around 6 p.m. ET on the day before U.S.-Israeli air strikes killed Iran’s Supreme Leader on Saturday February 28, for example, geopolitical risk consultancy WestExec Advisors advised clients that there was a 65%…
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Trump to invoke emergency law for California oil producer Sable
President Trump plans to invoke Cold War-era emergency powers for ?Sable Offshore as it looks to restart ?production from a cluster of offshore platforms off the southern Californian coast. Trump is preparing ?to summon authorities under the Defense Production ?Act to preempt state laws and ease permitting ?for the California oil producer. The planned order…
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