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Costco Pushes Back as Tariff Refund Lawsuits Spread Across Corporate America

Costco Pushes Back as Tariff Refund Lawsuits Spread Across Corporate America

Costco is asking a federal court in Chicago to throw out a proposed consumer class action that claims the warehouse retailer should hand back money tied to now-invalidated Trump-era import tariffs. The dispute stems from a recent U.S. Supreme Court ruling that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA), triggering …

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Minnesota’s Crackdown on Prediction Markets Triggers Federal Court Fight

Minnesota’s Crackdown on Prediction Markets Triggers Federal Court Fight

A fresh legal clash is unfolding over the future of prediction markets in the United States after federal regulators moved to stop Minnesota from enforcing a sweeping new ban aimed at platforms such as Kalshi and Polymarket. The U.S. Commodity Futures Trading Commission filed suit Tuesday against the state, arguing that Minnesota crossed a constitutional …

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Washington Challenges Minnesota’s Sweeping Crackdown on Prediction Markets

Washington Challenges Minnesota’s Sweeping Crackdown on Prediction Markets

A fresh legal clash is unfolding over the future of prediction markets in the United States, with federal regulators moving swiftly against Minnesota after the state approved the country’s toughest restrictions yet on the industry. The Commodity Futures Trading Commission filed a lawsuit Tuesday seeking to stop Minnesota from enforcing a newly signed law that …

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OpenAI Wins the Case, But Altman Leaves Court With New Questions Hanging Over Him

OpenAI Wins the Case, But Altman Leaves Court With New Questions Hanging Over Him

Sam Altman walked out of federal court with a legal victory. What he did not leave with was a cleaner reputation. A California jury dismissed Elon Musk’s lawsuit against OpenAI, ruling that the billionaire entrepreneur had waited too long to challenge the company’s transformation from a nonprofit research lab into a commercial powerhouse. The decision …

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Trump Tax Truce Locks IRS Out of Past Scrutiny

Trump Tax Truce Locks IRS Out of Past Scrutiny

The U.S. Justice Department has issued an extraordinary directive shielding President Donald Trump, his family members and affiliated companies from any future IRS audits tied to past tax matters. The one-page order, signed by acting Attorney General Todd Blanche, states that federal tax authorities are permanently blocked from reopening or examining tax filings submitted before …

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ADNOC Distribution Turns Fuel Stops Into Fast-Food Hubs Across Three Countries

ADNOC Distribution Turns Fuel Stops Into Fast-Food Hubs Across Three Countries

Fuel stations across the Gulf and Egypt are about to look far less like pit stops and far more like compact lifestyle hubs. ADNOC Distribution and Americana Restaurants International PLC have unveiled a regional partnership aimed at reshaping roadside retail in the UAE, Saudi Arabia and Egypt. The plan centers on rolling out as many …

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PIF Explores Fresh Capital Push as Newcastle Eyes Billion-Pound Stadium Leap

PIF Explores Fresh Capital Push as Newcastle Eyes Billion-Pound Stadium Leap

Saudi Arabia’s Public Investment Fund is sounding out potential investors for a minority stake in Newcastle United as the club weighs one of the biggest infrastructure decisions in its modern history — whether to overhaul St James’ Park or build an entirely new home. People familiar with the discussions said the sovereign wealth fund is …

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UAE’s New Digital Banking Challenger Clears First Regulatory Hurdle

UAE’s New Digital Banking Challenger Clears First Regulatory Hurdle

Mal.ai has secured in-principle approval from the Central Bank of the UAE to move ahead with plans for a licensed banking operation in the Emirates, giving fresh momentum to the country’s fast-growing digital finance sector. The preliminary clearance follows what the company described as an extensive regulatory review process and pushes Mal Group closer to …

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COPAD’s Market Debut Tilts Toward Investor Exit as TCV Prepares to Cash Out

COPAD’s Market Debut Tilts Toward Investor Exit as TCV Prepares to Cash Out

Egyptian drugmaker COPAD Pharma is reshaping the blueprint for its planned stock market debut, with the upcoming offering now expected to serve largely as an exit window for existing shareholders rather than a pure capital-raising exercise. At the center of that shift is Tanmiya Capital Ventures (TCV), the private equity investor holding a 21% stake …

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Fifth Circuit’s Conservative Crusade Keeps Colliding With America’s Highest Court

Fifth Circuit’s Conservative Crusade Keeps Colliding With America’s Highest Court

The ideological tug-of-war inside the U.S. judiciary is no longer confined to the Supreme Court. Increasingly, some of the fiercest legal battles are emerging from the federal appeals court seated in New Orleans — the powerful 5th U.S. Circuit Court of Appeals — whose rulings have repeatedly tested the limits of even the Supreme Court’s …

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