Chip designers warm to U.S. bill despite big benefits to Intel

Chip designers warm to U.S. bill despite big benefits to Intel

July 18 (Reuters) – Major U.S. chip firms on Monday were coming around to support a package of chip industry subsidies despite earlier concerns that legislation awaiting a vote in the Senate disproportionately benefits manufacturers like Intel Corp (INTC.O). Senate Majority Leader Chuck Schumer has told lawmakers that a vote could come as early as … Read more

Judge in Twitter v. Musk made rare ruling: ordering a deal to close

Judge in Twitter v. Musk made rare ruling: ordering a deal to close

July 15 (Reuters) – The judge overseeing Twitter Inc’s (TWTR.N) $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger. Kathaleen McCormick took over the role of chancellor or chief … Read more

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Seven Iranians say used Binance for crypto after U.S. reimposed Iran sanctions Weak background checks, deep liquidity drew Iranians to Binance, traders say News of Iranian trading on Binance could draw U.S. regulatory scrutiny, lawyers say LONDON, July 11 (Reuters) – The world’s largest crypto exchange, Binance, continued to process trades by clients in Iran … Read more

Book publishers, Internet Archive ask court to decide ebook-lending fight

Book publishers, Internet Archive ask court to decide ebook-lending fight

Summary Law firms Related documents Internet Archive said its library program is protected from copyright claims Publishers say program is a front for mass infringement (Reuters) – A group of major book publishers and the Internet Archive both asked a Manhattan federal court Thursday to rule in their favor ahead of trial in a copyright … Read more

U.S. tech industry frets about handing data to states prosecuting abortion

U.S. tech industry frets about handing data to states prosecuting abortion

PALO ALTO, Calif., June 24 (Reuters) – The technology industry is bracing for the uncomfortable possibility of having to hand over pregnancy-related data to law enforcement, in the wake of the U.S. Supreme Court’s decision on Friday to overturn the Roe v. Wade precedent that for decades guaranteed a woman’s constitutional right to an abortion. … Read more

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

Elon Musk sued for 8 billion over alleged Dogecoin pyramid scheme

NEW YORK, June 16 (Reuters) – Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc (TSLA.O) and space tourism company … Read more

Musk threatens to drop Twitter deal if fake-account data not provided

Musk threatens to drop Twitter deal if fake-account data not provided

June 6 (Reuters) – Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc (TWTR.N) if the social media network failed to provide data on spam and fake accounts. In a letter to Twitter, the billionaire reiterated his request for details on bot accounts and said … Read more