Legal
FinCEN Issued AML Rules That Treat Stablecoin Issuers as Banks
FinCEN and OFAC issued a joint proposed rule on April 8 that would classify stablecoin issuers as financial institutions under the Bank Secrecy Act.
Latest — Page 22
Legal
Fed Rewrites FedNow's Two-Bank Rule to Allow Cross-Border Transfers
The Fed proposed replacing FedNow's two-bank transfer cap with an intermediary model, opening the platform to cross-border payments for the first time.
Legal
Filed: CFPB Asks D.C. Circuit to Allow 68% Staff Cut to 556
Acting Director Vought's plan would cut CFPB staff from 1,174 to 556 and reduce non-depository exams to 22 a year.
Deals
Polygon Targets $50M-$100M Equity Round as Token Sheds 90%
Polygon Labs seeks $50M-$100M in equity to build its Open Money Stack stablecoin platform, a bet on payments as its native token shed 90% of its value.
FDA
Merck Reworks Zhifei China Vaccine Deal
Merck renegotiated its China vaccine supply agreement with distribution partner Zhifei.
Deals
Steve Ubl Steps Down as PhRMA Chief Amid Drug Pricing Battle
PhRMA leader Steve Ubl plans to step down at a pivotal moment for pharma's most powerful DC trade group, Endpoints News reports.
SEC
Sue First: FCA Draws a Line on Car Finance Redress
Nikhil Rathi warned claims firms and law firms over the tension between car finance litigation and the FCA's redress scheme.
SEC
FinCEN and OFAC Propose Stablecoin AML and Sanctions Rules
Treasury's FinCEN and OFAC issued a joint proposed rule placing every U.S. stablecoin issuer under AML and sanctions compliance.
SEC
SEC Names Woodcock to Head 1,000-Person Enforcement Division
SEC Chairman Paul Atkins taps Gibson Dunn securities partner David Woodcock to lead the 1,000-person Enforcement Division, effective May 4, 2026.
Deals
Gilead Spends $14.77B on Three Deals, Then Hits Pause
Gilead bought Arcellx, Ouro, and Tubulis for $14.77B in under ten weeks. CFO says further big deals are unlikely this year, but the door stays open.
Deals
KreditBee Hits $1.5B Valuation on $280M Round, Joins Unicorn Club
KreditBee joins India's unicorn club as investors bet on the country's underserved lending market.
FDA
Lilly Foundayo Clears FDA; Novo's Oral Holds 5-Point Lead
Lilly's oral obesity pill approved but trails Novo on weight loss. Pharma's M&A sprint added $7.9B in deals and Trump's tariffs landed with carveouts.
Deals
Merck Cut Terns Bid by $1B After Leukemia Data Missed
Merck cut its Terns offer from $7.7B to $6.7B after Phase 1 leukemia data disappointed. The rival bidder walked entirely.
Deals
Whoop Closes $575M Series G as Health Tech Q1 Doubles Down on AI
Whoop's $575M Series G tops a Q1 health tech funding wave built on AI clinical workflow bets, with no post-money valuation disclosed yet.
SEC
SEC's FY2025 Enforcement Take Was $2.7B, Not $17.9B
The SEC's FY2025 enforcement haul drops to $2.7B once you strip the Stanford Ponzi and parallel criminal proceeds from the $17.9B headline.
