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Judge Rules Trump Overstepped Power by Sending National Guard to Portland

Judge Rules Trump Overstepped Power by Sending National Guard to Portland

A federal court has struck down former President Donald Trump’s decision to deploy National Guard troops to Portland, Oregon — calling it an unlawful use of military force within U.S. borders. In a sweeping 106-page decision, U.S. District Judge Karin Immergut — herself appointed by Trump — concluded that the administration had “no lawful basis” …

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Qatar’s QIIB Draws Strong Demand, Tightens Pricing on $500 Million Sukuk Sale

Qatar’s QIIB Draws Strong Demand, Tightens Pricing on $500 Million Sukuk Sale

Qatar International Islamic Bank (QIIB) has tightened the pricing on its latest $500 million five-year sukuk after investors piled in with orders nearing four times the issue size. The sukuk, structured as a senior unsecured Eurobond, carries a 4.50% coupon and was reoffered at 99.787, translating to a yield of 4.548%. Initial pricing was pitched …

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Texas Moves to Freeze Kenvue’s $400 Million Dividend Amid Tylenol Autism Controversy

Texas Moves to Freeze Kenvue’s $400 Million Dividend Amid Tylenol Autism Controversy

Texas Attorney General Ken Paxton has gone to court to stop consumer health company Kenvue from handing out a nearly $400 million shareholder dividend, arguing that the firm should preserve its cash as it faces mounting legal storms over Tylenol’s alleged links to autism and other health claims. The request, filed in state court Thursday, …

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Law Firm Turns Billable Hours into an AI Playground for Rookie Lawyers

Law Firm Turns Billable Hours into an AI Playground for Rookie Lawyers

In a move that sounds more Silicon Valley than legal ivory tower, Ropes & Gray is giving its newest lawyers permission to step away from the grind of billable hours—and dive into artificial intelligence instead. The firm’s latest experiment, fittingly dubbed “TrAIlblazers,” lets first-year associates spend nearly one-fifth of their required annual billable hours—about 400 …

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Sandwich of Defiance: D.C. Man Acquitted After Tossing Sub at Federal Agent During Trump-Era Crackdown”

Sandwich of Defiance: D.C. Man Acquitted After Tossing Sub at Federal Agent During Trump-Era Crackdown”

A federal courtroom in Washington closed a curious chapter of protest and politics when Sean Dunn — a former Justice Department staffer — was acquitted of assaulting a federal officer after throwing a sandwich at him during a tense night in the capital. The verdict ended a three-day trial that had less to do with …

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Unions Take Trump Administration to Court Over “Loyalty Test” in Federal Hiring

Unions Take Trump Administration to Court Over “Loyalty Test” in Federal Hiring

A coalition of unions representing federal employees has filed a lawsuit accusing the Trump administration of injecting political bias into government hiring by asking job applicants to demonstrate loyalty to the president’s policies. Filed in federal court in Boston, the lawsuit targets a question introduced by the Office of Personnel Management (OPM) as part of …

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Supreme Court Clears Trump’s Passport Rule, Closing Door on Gender Identity Recognition

Supreme Court Clears Trump’s Passport Rule, Closing Door on Gender Identity Recognition

In a sharp turn for transgender rights in America, the U.S. Supreme Court has allowed the Trump administration to move forward with its policy restricting passport sex designations to an individual’s sex assigned at birth — blocking transgender citizens from having their gender identities reflected on the document. The court’s unsigned order overturned a lower …

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Judge Slams Trump Administration for ‘Political Hunger Games,’ Orders Full SNAP Funding by Friday

Judge Slams Trump Administration for ‘Political Hunger Games,’ Orders Full SNAP Funding by Friday

A Rhode Island federal judge has ordered the Trump administration to immediately restore full food aid for over 42 million Americans, blasting it for attempting to slash Supplemental Nutrition Assistance Program (SNAP) benefits amid an ongoing government shutdown. Judge John McConnell, presiding from Providence, said the administration’s plan to issue reduced benefits was “politically motivated” …

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Mashreqbank Reenters Global Loan Arena with $1.5 Billion Asia-Backed Facility

Mashreqbank Reenters Global Loan Arena with $1.5 Billion Asia-Backed Facility

After more than ten years away from the syndicated loan market, UAE-based Mashreqbank is making a high-profile return—this time with strong Asian participation in a $1.5 billion dual-tranche facility. The deal is structured in two parts: a $1 billion three-year tranche and a $500 million five-year tranche, complete with an accordion option for future expansion. …

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Saudi-Backed GIB Raises $500 Million in Landmark AT1 Bond Debut

Saudi-Backed GIB Raises $500 Million in Landmark AT1 Bond Debut

Gulf International Bank – Saudi Arabia (GIB KSA), a key investment arm supported by the kingdom’s sovereign wealth giant, the Public Investment Fund (PIF), has made a strong market entrance with its first-ever Additional Tier 1 (AT1) bond. The bank priced its $500 million perpetual non-call 5.5-year AT1 bond at par, locking in a 6.625% …

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