The European Commission fined Google a total of €890 million today (Thursday) for breaching the European Union’s Digital Markets Act. The penalties include a €430 million fine over Google Play and a €460 million fine over Google’s treatment of competing services in Search. The Google Play decision could have implications for fintech companies, brokers and…
The House Ways and Means Committee held a hearing Wednesday to advance GOP-sponsored legislation aimed at requiring more disclosures of foreign sources of funding for tax-exempt groups and the recipients of donations, while preventing religious faith-based organizations from losing their tax-exempt status based on their beliefs. Processing Content “The tax-exempt sector is about 15% of…
A federal judge ruled against Merrill Lynch’s attempts to restart paused litigation involving OpenArc Corporate Advisory, a massive $129 billion breakaway affiliated with Dynasty Financial Partners. In the previous motion, Merrill argued that the case against OpenArc, its key players and Dynasty needed to be restarted because Dynasty was reneging on alleged promises to be…
Echelon Wealth Partners, now Ventum Financial, settled gatekeeping and supervision findings for a $500,000 fine and $1.7m in disgorgement, while Virtu Canada agreed to a $1.1m fine and $405,789 in disgorgement over order-exposure breaches under the Universal Market Integrity Rules. Individual cases spanned discretionary trading and large-scale misappropriation. The report details a permanent bar and a $1,509,879…
Could Andy Burnham’s leadership mark a shift in tone and pace for the UK’s beleaguered economy? Business leaders hope so. Gregor Paterson, fund manager in the UK team at fund management group Amati Global Investors, highlights that the new prime minister ought to have the expertise on hand to do so. “Burnham himself has a…
Managing contracts at enterprise scale creates operational blind spots that can cost organizations millions annually. When teams can’t access critical terms, manual workflows bottleneck approvals and delay revenue. Compliance risks hide in untracked obligations, while missed renewals negotiate value. What makes a great Contract Lifecycle Management (CLM) platform is its ability to eliminate these inefficiencies…
Veteran pharmaceutical executive to lead Tessera’s next phase of growth as the company advances Gene Writing from platform innovation toward a broad clinical pipeline of genetic medicines SOMERVILLE, Mass., July 23, 2026 /PRNewswire/ — Tessera Therapeutics (“Tessera”), the biotechnology company pioneering a new approach to genetic medicine known as Gene Writing™, today announced the appointment…
2026 Honda Ridgeline pickup truck. Courtesy HondaHonda, Honda Motor on Thursday confirmed a next-generation model of its Ridgeline pickup truck will be produced in the U.S. following a temporary production stoppage later this year. The future of the midsize pickup truck has been in flux amid reports that there could be a production pause coming…
Letter Connor Axiotes is right to draw attention to the seriousness of frontier AI and its potential impact on the risk of cyber attacks (‘Humanity is no longer in control of its most awesome creation since the atom bomb’). But his assertion about the Bank of England’s cyber defences being unsophisticated is totally wrong, unfounded…
Much has been said about the non-bank high-frequency trading (HFT) firms that supposedly lurk on the anonymous spot foreign exchange primary venues of EBS Market and Matching, waiting to pick off the unsuspecting banks managing client risk. Some studies argue these firms can pull liquidity or widen spreads sharply in a crisis, a concern the…