Deals
Ipsen Pays $796M for Memo, No Per-Share Premium in Sight
No share price, no premium to measure. Just a binary bet: $227M upfront now, up to $796M if potravitug clears its kidney-transplant trial.
Latest — Page 13
FDA
FDA Hits Sanofi's Genzyme With Second Warning Letter
Sanofi's Genzyme unit racked up its second FDA warning letter in under two years, this time tied to hemophilia drug Altuviiio and Thymoglobulin.
Legal
Fined $6.5M: Cliq Defied a 2015 FTC Fraud Order
A Nevada federal judge slashed the FTC's $52.9M ask to $6.5M, but still found Cliq in contempt for years of dodging a 2015 anti-fraud order.
Legal
EagleBank Pays $9.7M Over BSA Failures
EagleBank's compliance team flagged a check-kiting scheme in 2008. Executives overrode them anyway, and it cost $9.7M to make the DOJ go away.
AI
Anthropic's Fable 5 Cleared After 18-Day US Ban
Anthropic just traded engineering headcount and early model access for a lifted US export ban, a template AI compliance teams should study.
Legal
Advances H.R. 9330: First Federal EWA Framework
House Financial Services just voted to define wage-access fees as not-loans, pulling the rug from under every state AG's payday-lending case.
Deals
Fed's $16.6B Pandemic Loan Book Bleeds $2B More
A federal lending program built to rescue small businesses now owes taxpayers an answer: why is a third of its $16.6B book underwater?
Legal
JPMorgan Files to Vacate $4.2M Bodner Award
JPMorgan wants a federal judge to erase the $4.2 million award a FINRA panel gave a broker fired over a $642 deli platter ordered for absent clients.
Legal
Paid Up: AstraZeneca's $34M Kickback Settlement
AstraZeneca just became Ken Paxton's latest pharma kickback target, paying nearly $34M for 'free nurses' without admitting wrongdoing.
Deals
Bidders Balk at Atom Bank's £600M Ask
Atom Bank's £600M auction couldn't find a full-price buyer, and shareholders are now weighing whether management should pay the price.
Legal
Filed: SAFE Banking Act, House 7 Wins, Senate 0
The SAFE Banking Act has cleared the House seven times without a Senate vote. Cannabis reclassification may finally change that math.
Legal
SCOTUS Ruled 5-4: Trump Can't Fire Fed's Cook
Roberts held Trump's Cook firing violated the for-cause bar and denied her due process, while the same court backed his FTC firing.
Legal
Iran's 60-Day Sanction Waiver Stalls U.S. Banks
A June 17 MOU put Iran sanctions on a wind-down clock. Banks still carrying BNP's nearly $1 billion OFAC settlement won't move yet.
Legal
CFTC Probes Polymarket; $3.1M Hack Follows
Polymarket faces its first CFTC probe under Chairman Selig after fake-trade allegations, plus a $3.1M frontend hack in the same week.
Legal
EU Directive Targets €11B VAT Fraud, Forces AR Overhaul
EU Directive 2025/516 targets up to €11B in annual VAT fraud, and CFOs who treat it as an IT project will solve compliance and nothing else.
