A courtroom battle over the soul of artificial intelligence opened with a familiar force at center stage: Elon Musk, arguing that OpenAI strayed radically from the nonprofit vision he says he helped conceive. Testifying in federal court in Oakland, Musk cast the case not as a billionaire feud but as a fight over whether a …
A sweeping $5.5 billion criminal sentence against Purdue Pharma has moved one of America’s most consequential corporate collapses closer to its endgame, clearing a critical path for the drugmaker’s $7.4 billion bankruptcy settlement tied to the opioid epidemic. The sentencing, handed down in federal court in Newark, stems from Purdue’s 2020 guilty plea over allegations …
Saudi Arabia is laying the groundwork for a more agile mergers and acquisitions market, with the Capital Market Authority unveiling proposed reforms aimed at modernizing how listed companies pursue deals. At the heart of the draft framework is a proposed “shelf registration” system — a mechanism that could reshape acquisition financing in the kingdom. Under …
Saudi Regulator Moves to Rewire Dealmaking With New M&A Rulebook Read More »
Emirates NBD has opened books on a new $750 million perpetual additional tier 1 (AT1) bond, sounding out investor demand with initial price guidance around 6.75%, as Gulf banks continue to tap capital markets for hybrid funding. The planned issuance, structured as a perpetual non-call six-year (PNC6) instrument, is expected to be priced later today, …
Emirates NBD Tests Appetite for Fresh AT1 Deal With 6.75% Price Signal Read More »
The Gulf’s debt engine roared into 2026 with force, as bond and sukuk issuance across the GCC climbed to $55.04 billion in the first quarter, underscoring the region’s sustained appetite for fixed-income funding and the growing depth of its capital markets. Spread across 95 transactions, issuance volume rose 5.64% from the same period a year …
Saudi Dominates as Gulf Debt Markets Open 2026 With $55 Billion Surge Read More »
Geopolitical strain and a stalled post-Ramadan rebound combined to sap momentum from debt markets across the Middle East and North Africa in the opening quarter of 2026, with bond issuance falling 12 percent from a year earlier to $48.1 billion, according to LSEG data. The number of deals also declined 11 percent, underscoring a broader …
War Risk Chills MENA Debt Markets as First-Quarter Issuance Slips Read More »
Even amid war-driven uncertainty rattling markets across the Middle East, Saudi Arabia is pressing ahead with a message that investors appear willing to hear: the IPO machine is still running. The kingdom is preparing for its first public offering since tensions tied to the US/Israel-Iran conflict escalated, with Dar AlBalad for Business Solutions (DABS) stepping …
Saudi IPO Engine Roars Back as Riyadh Defies Regional Turbulence Read More »
A dramatic criminal case is unfolding in Washington after federal prosecutors charged a California man with attempting to assassinate President Donald Trump, accusing him of carrying out a brazen armed attack at the White House Correspondents’ Association Dinner — one of the capital’s most high-profile political gatherings. Cole Tomas Allen, 31, made his first appearance …
Trump Assassination Charge Filed After Gunfire Erupts at Washington Gala Read More »
For aspiring lawyers chasing one of the profession’s most prized launchpads, the federal clerkship remains a golden ticket — and in 2025, a familiar powerhouse moved back to the front of the pack. Yale Law School placed the highest share of its graduating class into federal clerkships this year, with 23.33% of its graduates securing …
In a ruling with sweeping political consequences, the U.S. Supreme Court has restored a contested Texas congressional map crafted to favor Republicans, breathing new life into a redistricting battle with national implications just months before congressional elections. The decision cements an earlier temporary order and clears the way for Texas to use district lines that …
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