News
Important Only
Mississippi hospitals already saving $1 million-plus through new Alliant and MHA program
By Chris MunroAug 19 - (The Insurer) - A new program launched by Alliant Insurance Services and the Mississippi Hospital Association (MHA) has already saved participating hospitals in the Magnolia State over $1 million in insurance premiums this year.The program, which was launched in 2024, offers M...Reuters
Tue, Aug 19
US approves potential sale of Javelin missiles-related equipment to Australia
Aug 19 (Reuters) - The U.S. State Department has approved the potential sale of Javelin Lightweight Command Launch Unit and related equipment to Australia for an estimated cost of $97.3 million, the Pentagon said on Tuesday. The principal contractors for the sale will be the Javelin Joint Venture be...Reuters
Tue, Aug 19
Digital entertainment firm Snail posts Q2 net loss
OverviewSnail Inc Q2 revenue of $22.2 mln vs $21.6 mln year agoNet loss for Q2 was $16.6 mln, compared to $2.3 mln profit last yearCompany announced development of proprietary stablecoin, marking strategic shiftOutlookSnail plans to launch ARK: Lost Colony later this yearCompany sees strong potentia...Reuters
Tue, Aug 19
Booking.com parent in $9.5 million 'junk fee' settlement with Texas
By Jonathan Stempel Aug 19 (Reuters) - The parent of Booking.com and other travel websites will pay $9.5 million to settle a Texas lawsuit claiming it deceptively marketed hotel rooms by omitting mandatory "junk" fees, enticing consumers with artificially low prices.Texas Attorney General...Reuters
Tue, Aug 19
U.S. strikes deportation deals with Honduras and Uganda, CBS News reports
By Christian MartinezAug 19 (Reuters) - The United States has struck deportation deals with Honduras and Uganda amid a search for additional agreements that would allow the U.S. to deport people living in the country illegally to third-party countries, CBS News reported on Tuesday.Citing internal d...Reuters
Tue, Aug 19
Trump escalates attacks against the Smithsonian Institution
WASHINGTON, Aug 19 (Reuters) - U.S. President Donald Trump said on Tuesday he asked his attorneys to go through museums in Washington while suggesting he would pressure the Smithsonian Institution like he has attempted to pressure colleges and universities."The Smithsonian is OUT OF CONTROL, whe...Reuters
Tue, Aug 19
U.S. strikes deportation deals with Honduras and Uganda, CBS News reports
Aug 19 (Reuters) - The United States has struck deportation deals with Honduras and Uganda amid a search for additional agreements that would allow the U.S. to deport illegal immigrants to third-party countries, CBS News reported on Tuesday.Reuters
Tue, Aug 19
'SPAC King' Palihapitiya makes a comeback with new blank-check IPO
By Manya Saini Aug 19 (Reuters) - Chamath Palihapitiya, dubbed Wall Street's "SPAC king" for his high-profile blank-check deals, is set to take his latest special purpose acquisition vehicle public, marking his return to the market after several years.American Exceptionalism Acquisiti...Reuters
Tue, Aug 19
US threatens to withhold funds over New York subway worker safety issues
By David Shepardson Aug 19 (Reuters) - The U.S. Transportation Department said on Tuesday it may withhold up to 25% of federal transit funding for New York state's Metropolitan Transportation Authority if the agency does not improve safety for subway track maintenance workers.The Federal Tran...Reuters
Tue, Aug 19
Musk's SpaceX, others win US court challenge to labor board's structure
5th Circuit rules NLRB structure likely unlawfulRuling blocks NLRB cases against SpaceX, Energy Transfer, Aunt BerthaNLRB paralyzed after Trump fired board member WilcoxBy Daniel Wiessner Aug 19 (Reuters) - A U.S. appeals court on Tuesday agreed with Elon Musk's SpaceX and two other companies...Reuters
Tue, Aug 19
Musk's advice-of-counsel defense faces test in Twitter lawsuit
By David Thomas Aug 19 (Reuters) - Investors suing Elon Musk are crying foul in a class action over the billionaire's delayed disclosure of his Twitter stake in early 2022, arguing that he wants to escape liability by citing legal advice he received from two prominent law firms without provid...Reuters
Tue, Aug 19
California Republicans file suit to block redistricting plan, New York Times reports
Aug 19 (Reuters) - Four California Republicans filed a lawsuit on Tuesday seeking to block Governor Gavin Newsom's redistricting plan, which would create five new Democratic U.S. congressional seats in his state, the New York Times reported. The Republicans argue in their emergency petition that...Reuters
Tue, Aug 19
Insurance IPOs pick up pace as markets rally, but returns lag
By Keira WingateAug 18 - (The Insurer) - A wave of insurance companies has tapped the public markets this year, with further IPOs expected, thanks to better equity conditions despite questions on how sustainable the momentum will be. Five insurance companies have gone public so far this year. The mo...Reuters
Tue, Aug 19
EXCLUSIVE-Nvidia working on new AI chip for China that outperforms the H20, sources say
Potential new chip based on latest Blackwell architecture, sources sayTrump has said he may allow Nvidia to sell more advanced chips in China But outlook for regulatory approval seen as highly uncertainNvidia hoping to deliver samples as early as next month, sources say By Liam Mo and Fanny Potkin ...Reuters
Tue, Aug 19
Trump administration to seek federal charges against people snared in DC crackdown, sources say
Federal prosecutors ordered to pursue aggressive charges in DC crackdownCriminal Division Chief Jonathan Hornok directs prosecutors to maximize federal charges in DCAttorney General Pam Bondi reports 465 arrests since Trump's police takeoverBy Sarah N. Lynch and Ned ParkerWASHINGTON, Aug 19 (Reu...Reuters
Tue, Aug 19
Israel weighs Hamas offer of 60-day Gaza truce and hostage release
Israel demands release of all 50 hostages for war to end, 20 of whom are alive, political source Hamas would exchange some hostages for Palestinian prisonersIsraeli commanders meet to plan capture of Gaza City while Netanyahu weighs offer, report saysBy Maayan Lubell and Nidal al-Mughrabi JERUSAL...Reuters
Tue, Aug 19
More Republican governors send National Guard to Washington, backing Trump
Republican governors deploy over 1,100 Guard troops to Washington, D.C.Trump's actions face legal challenges and opposition from local officialsWhite House says Guard troops protect federal property, not making arrestsBy Joseph Ax Aug 19 (Reuters) - Hundreds of additional National Guard troop...Reuters
Tue, Aug 19
Pivix confirms Gramm hire to lead new wholesale brokerage unit
By Chris MunroAug 19 - (The Insurer) - Pivix Specialty Insurance Services has confirmed the hire of Michael Gramm with the recruit tasked with building a business unit that underwrites brokered accounts.This publication revealed in May that Pivix, a recently launched and Ambac-backed MGU focused on ...Reuters
Tue, Aug 19
Commerce Department working on 10% Intel stake deal, White House says
WASHINGTON, Aug 19 (Reuters) - The Commerce Department is continuing to work on the prospect of the U.S. government taking a 10% stake in Intel INTC.O, the White House said on Tuesday, adding that U.S. Commerce Secretary Howard Lutnick is "ironing out the details.""The President wants to...Reuters
Tue, Aug 19
