AI
Stalled Anthropic $1.5B Deal: $3K Authors, $320M Lawyers
A federal judge stalled Anthropic's $1.5B copyright settlement Thursday, as authors earning $3,000 clash with lawyers seeking $320M in fees.
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SEC
Hunts Polymarket Insiders With AI: CFTC
CFTC chairman Selig says the agency is chasing hundreds of insider trading tips on prediction markets, with AI surveillance tools now live.
FDA
Recalled: Glass Found in 675 Sun Pharma Chemo Vials
Glass particles in 675 Sun Pharma cancer drug vials could trigger blood clots. The Indian plant making them has 10 years of FDA violations.
Legal
Cleared: CLARITY Act Advances, Coinbase Shares Surge
Senate committee cleared the CLARITY Act; banks are already lobbying to gut the stablecoin yield provisions before the floor vote.
Legal
Fined $53K Per Deepfake: FTC Enforcement Starts May 19
The FTC's $53,088-per-violation deepfake rule starts May 19, and compliance attorneys already know which way platforms will lean on this.
Legal
Clarity Act Cleared 15-9, Senate Floor Fight Next
Crypto's first federal rulebook passed committee 15-9, but needs 60 Senate floor votes and must clear a Trump family conflict-of-interest fight.
FDA
FDA Freezes Aardvark ARD-101 Trial, Stock Down 30%
FDA's full clinical hold on ARD-101 sent Aardvark down 30%, and two analyst firms warn the cardiac signal may cap what safe doses can do.
SEC
Cuts Cases: SEC's Woodcock Goes Quality Over Quantity
SEC enforcement chief Woodcock commits to quality over quantity, signaling that borderline inquiries could quietly fall off the agency's docket.
Deals
Pfeifer Exits AC Immune
Andrea Pfeifer ends her run at AC Immune, sending the company into its first-ever CEO search.
SEC
Judge Orders Musk, SEC to Explain $200M Deal
A federal judge wants answers on how Musk's SEC deal was reached, why it uses a trust, and whether White House meddling tainted the process.
FDA
Encoded Gene Therapy Cuts Dravet Seizures 76%
Encoded's gene therapy hit 76% seizure reduction in Dravet syndrome kids. Trial details are sparse and no regulatory path has been announced.
AI
Filed: 26 States Target AI Surveillance Pricing
Instacart's 23% grocery price gap experiment sparked a 26-state backlash: over 50 bills targeting AI surveillance pricing are now live.
Deals
equipifi Raises $34M to Build Bank BNPL
Left Lane Capital's $34M Series B in equipifi targets the 49% of credit union members already routing BNPL through outside providers.
SEC
Killed Citi's $24.5M CFPB Order 3 Years Early
CFPB killed Citi's Armenian discrimination order three years early. Vought told Congress the $24.5M fine was 17x the actual redress.
Legal
Disputes DOJ: Block Reserves $240M for Settlement
Block reserved $240M for a DOJ settlement it actively disputes, having already paid $295M to state and federal regulators for Cash App.
