Chicago — This week in Orlando, Chicago Bears executives presented stadium plans to NFL owners, reiterating that the franchise is considering two primary locations: Arlington Heights, Illinois, and Hammond, Indiana. Team leaders said ownership impatience is growing, and officials noted that the Bears' progress depends on statewide legislative action and...
United States — This week multiple publicly traded companies announced investor presentations, capital actions, and shareholder-return programs. On May 19 and May 21, Rexford Industrial and Iovance scheduled investor conference presentations on June 3 and June 4 respectively; Co‑Diagnostics filed an at‑the‑market private placement on May 19; First US declared...
United States – The PCT Litigation Trust overseeing the bankruptcy of crypto custodian Prime Trust has filed a lawsuit in Delaware bankruptcy court seeking nearly $1 billion from Swan Bitcoin and its parent company, Electric Solidus. The trust alleges Swan used non-public information to execute a last-minute, coordinated withdrawal of...
United States – Google and Blackstone Inc. have formed a joint artificial intelligence cloud business to expand large-scale computing capacity for generative AI workloads, the companies announced this week. Blackstone will contribute an initial $5 billion in equity and hold a majority stake in the new entity, with leverage lifting...
Former U.S. President Donald Trump said he canceled a large-scale military strike on Iran that had been scheduled for Tuesday, May 19, after leaders from Qatar, Saudi Arabia and the United Arab Emirates asked him to delay the operation for several days. Trump disclosed the previously unknown plan in a...
Washington — On May 19, the United States Department of Justice moved to permanently dismiss all criminal fraud charges against billionaire Gautam Adani and his nephew Sagar Adani in the Eastern District of New York, after counsel filed for a pre-motion conference and federal prosecutors submitted a court request to...
Oakland, California. A federal jury on Monday, May 18, ruled unanimously that Elon Musk's lawsuit against OpenAI was time-barred under the statute of limitations, dismissing his claims after less than two hours of deliberation. Jurors concluded Musk had brought the case too late. The trial was widely viewed as a...
Los Angeles — A fast-growing brush fire ignited Monday morning in Simi Valley, Ventura County, just after 10 a.m., and had spread to more than 180 acres by shortly before noon, according to Ventura County Fire Department spokesperson Scott Dettorre; aerial footage showed at least one home on fire and...
Washington. Kevin Warsh will be sworn in as Chair of the U.S. Federal Reserve at the White House on Friday, President Donald Trump announced; the Senate confirmed Warsh to a four-year term in mid-May, and Jerome Powell served as acting chair to bridge the transition while an inquiry into Powell...
Washington — On Monday, the U.S. Treasury Department issued a temporary 30-day general license allowing energy-vulnerable nations to access Russian crude oil already loaded on tankers and stranded at sea. Treasury Secretary Scott Bessent said the extension, announced this week, intends to stabilize physical crude markets and reroute supply to...
