Legal
2 Teens Jailed 5.5 Years in £29M TfL Hack
Two teens got 5.5 years for a £29M TfL hack, the UK's first conviction under a law meant for critical-infrastructure sabotage, prosecutors say.
Latest — Page 8
Legal
3 Russians Indicted in $62M Bulletproof Hosting Case
DOJ charges a St. Petersburg trio who allegedly rented server space to ransomware gangs, no arrests, just a $10M bounty.
Deals
Cut 87% of Arcellx Staff After $7.8B Gilead Buy
Gilead paid $7.8B for Arcellx's CAR-T pipeline, then eliminated 192 of its 220 employees, 87% of the entire staff, within weeks of closing.
Deals
Buys Carolina Bank & Trust for $166M
First Bank is paying $166 million for a privately held SC lender with no public price to set a premium. It adds $831M in assets and 14 branches.
Legal
Custodia Petitions Supreme Court After 10th Circuit Loss
Custodia asks the Supreme Court to decide whether an unelected Fed bank president can veto a state-chartered bank's access to the payments system.
Legal
FDIC, OCC, NCUA Flag Risk on Non-Work-Authorized Borrowers
Three bank regulators just told lenders to price in deportation risk as a credit factor. The Fed didn't sign on, and that gap is the real story.
AI
Blocks Trump's Visa Rule Targeting 5 Researchers
A judge just blocked the State Department from deporting researchers for working in content moderation, fact-checking, or compliance roles.
Legal
NYC's Junk Fee Rule Hits Every Business With $3,500 Fines
NYC's proposed junk-fee rule stacks $3,500 fines per violation with no cure period, and a paperwork gap alone can flip liability onto the business.
Legal
Push Fed to Shelve 2023 Debit Interchange Rule
A credit union trade group wants the Fed's own 2023 debit-fee rewrite scrapped, not paused, amid ongoing litigation over the rule.
Deals
Attovia Files IPO to Chase Nemluvio's $4B Market
Attovia wants public money for a drug that hasn't started phase 2, betting it can unseat a franchise Galderma just repriced to $4B.
Legal
Treasury Sanctions 1VPNS Over Ransomware Ties
OFAC sanctioned a VPN service that priced ransomware access at $58 a pop, hitting hospitals and cities before Europol even named a suspect.
AI
26 Ex-Meta Workers Sue Over AI Layoff Picks
26 ex-Meta workers say a scoring algorithm, not a manager, decided who got cut in Meta's AI-driven layoffs, and Meta insists humans made the call.
FDA
Cleared Celcuity's Revtorpyk, Stock Jumps 7%
FDA cleared Celcuity's PI3K/mTOR inhibitor for breast cancer, sending shares up 7% and reviving buyout chatter for a one-drug biotech.
Deals
Buys TriCo: First Hawaiian's $2B Stock Deal
First Hawaiian is paying $63.12 a share in stock for TriCo, its second attempt at a mainland network since losing one to BMO in 2023.
AI
FTC Threatens Section 5 Suits Over State AI Fixes
The FTC says quietly adjusting AI outputs to satisfy a state bias law could now count as deceiving your customers. Comments close July 31.
