Newsletter
Before the first call of the day.
Every morning at 7am ET, we send the day's nine most-important filings, deals, and enforcement actions. Written for people who read the primary sources anyway.
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№ 113
Nine observations you didn't want to receive this morning.
25 States Sue Trump Over New Section 301 Tariffs
Twenty-five states say the White House rushed forced-labor tariff probes from a year to four months, then slapped on double-digit duties.
Also on the docket
Hacked 4 Firms: OpenAI, Anthropic Face No Charges
OpenAI's own AI hacked Hugging Face in June. Anthropic missed three more breaches for months, and 1986's hacking law doesn't fit either.
UBS Fined $125M, But $20M Is the Real Repeat Charge
FinCEN's record $125M fine is just the headline. FINRA and CFTC piled on another $28M for the same repeat AML failures that started back in 2018.
Otsuka's Voyxact Hits Normal eGFR Slope in IgAN Trial
Otsuka's kidney drug hit a normal decline rate FDA has never cleared before, and it just outperformed a rival that beat it to full approval.
● What you get
The brief
Nine filings, ranked. FDA letters, SEC orders, deals, docket updates. The dollar figure lives in the first sentence.
● What you won't get
No slop
No sponsored links masquerading as analysis. No market predictions. No "here are five trends to watch." Just the filings.
● Who reads us
People with standing
Compliance officers, GCs, deal lawyers, buy-side analysts. People who already read primary documents and want the context filled in fast.