News
Important Only
US SEC, SolarWinds reach preliminary deal to end breach lawsuit
By Chris Prentice and AJ Vicens NEW YORK, July 2 (Reuters) - The U.S. Securities and Exchange Commission has reached a deal in principle with SolarWinds Corp and its top security officer to end litigation tied to a Russia-linked cyberattack involving the software firm, they said in a court filing...Reuters
Wed, Jul 2
Ukraine voices concern as US halts some missile shipments
US pausing weapons shipments due to low stockpiles, say sources 'Total shock': Ukraine says military aid vital as Russian attacks riseDozens killed in recent air strikes on Ukrainian citiesBy Mike Stone, Max Hunder WASHINGTON/KYIV, July 2 (Reuters) - A decision by Washington to halt some ...Reuters
Wed, Jul 2
Monte dei Paschi bid for Mediobanca to run from July 14 after green lights
MILAN, July 2 (Reuters) - State-backed Italian bank Banca Monte dei Paschi di Siena BMPS.MI said its bid for rival Mediobanca MDBI.MI would start on July 14 after the country's markets watchdog approved the offer document for investors.Monte dei Paschi also said it had received unconditional app...Reuters
Wed, Jul 2
NYC Mayor Adams signs law to reduce insurance coverage mandates for taxis and for-hire vehicles
By Mia MacGregorJuly 2 - (The Insurer) - New York City Mayor Eric Adams has signed legislation to reduce the no-fault auto insurance liability coverage required for taxis and for-hire vehicles, aiming to ease financial burdens on drivers.The newly enacted law, Intro. 1050, restricts the New York Cit...Reuters
Wed, Jul 2
AOS settles with US over unauthorized Huawei shipments
By Karen FreifeldJuly 2 (Reuters) - Alpha and Omega Semiconductor Limited AOSL.O has agreed to pay $4.25 million to settle with the U.S. Department of Commerce for shipping items to China's Huawei Technologies in violation of export regulations, according to a department order posted on Wednesd...Reuters
Wed, Jul 2
OpenAI Is Going To Rent Additional 4.5 Gigawatts Of Data Center Capacity From Oracle- Bloomberg News Reporter Ludlow On X
July 2 (Reuters) - OPENAI IS GOING TO RENT ADDTIONAL 4.5 GIGAWATTS OF DATA CENTER CAPACITY FROM ORACLE- BLOOMBERG NEWS REPORTER LUDLOW ON XSource text: https://tinyurl.com/yc7hv8jnReuters
Wed, Jul 2
New Texas reciprocal exchange Thore set to begin underwriting with tech-enabled model
By David BullJuly 2 - (The Insurer) - The Homeowners Reciprocal Exchange (Thore) has received its certificate of authority from the Texas Department of Insurance after successfully placing its reinsurance program through broker Acrisure Re and is now preparing to underwrite its first policies in the...Reuters
Wed, Jul 2
Skateboarding-Olympic champion Trew, 15, surges into X Games record books
By Rory CarrollJuly 2 (Reuters) - Teenage Olympic champion skateboarder Arisa Trew has made history by winning more gold medals in the X Games summer disciplines than any other woman and told Reuters she has no intention of slowing down.The 15-year-old Australian beamed a wide smile as she was mobbe...Reuters
Wed, Jul 2
US judge blocks Trump asylum ban at US-Mexico border, says he exceeded authority
WASHINGTON, July 2 (Reuters) - A federal judge on Wednesday blocked President Donald Trump's asylum ban at the U.S.-Mexico border, saying Trump exceeded his authority when he issued a proclamation declaring illegal immigration an emergency and setting aside existing legal processes.Reuters
Wed, Jul 2
Trump settlement triggers 'widespread distress' at CBS News
'60 Minutes' staffer says the deal sets a 'horrible precedent' for the networkParamount needs Trump administration approval to seal Skydance mergerSen. Elizabeth Warren called for an investigation into donations to Trump presidential libraryBy Dawn Chmielewski LOS ANGELES, CALIFOR...Reuters
Wed, Jul 2
US calls Iran's decision to suspend IAEA cooperation unacceptable
WASHINGTON, July 2 (Reuters) - The United States said on Wednesday it was unacceptable that Iran had chosen to suspend cooperation with the International Atomic Energy Agency.Iranian President Masoud Pezeshkian put into effect on Wednesday a law passed by parliament last week to suspend cooperation ...Reuters
Wed, Jul 2
Expect more trade deals to be announced next week, US official says
July 2 (Reuters) - U.S. Deputy Treasury Secretary Michael Faulkender on Wednesday said he expects the Trump administration to announce some trade deals next week before its July 9 deadline."I would expect that we have a number of deals that are announced next week," Faulkender said in an int...Reuters
Wed, Jul 2
Exclusive: Baseline launches inaugural product with E&S property DIC quake program
By Chris MunroJuly 2 - (The Insurer) - Baseline Risk Partners has brought its first product to market, with the San Diego, California-based startup program administrator launching an E&S property difference in conditions (DIC) earthquake coverage.The new program, which has been spearheaded by Wa...Reuters
Wed, Jul 2
Astronomers get picture of aftermath of a star's double detonation
The double detonation obliterated a white dwarf starChile-based telescope obtains image of supernova aftermathSupernova occurred in Large Magellanic Cloud galaxyBy Will Dunham WASHINGTON, July 2 (Reuters) - The explosion of a star, called a supernova, is an immensely violent event. It usually inv...Reuters
Wed, Jul 2
Episurf Medical Announces Re-Structuring Initiatives And Increased Focus Towards US Market
July 2 (Reuters) - Episurf Medical AB EPISb.ST:EPISURF MEDICAL ANNOUNCES RE-STRUCTURING INITIATIVES AND INCREASED FOCUS TOWARDS THE US MARKETEPISURF MEDICAL AB - TO REDUCE HEADCOUNT IN EUROPEAN OPERATIONS AND SALESEPISURF MEDICAL AB - INITIATIVES EXPECTED TO LEAD TO SEK 20 MILLION ANNUAL COST SAVING...Reuters
Wed, Jul 2
DOJ investigating ex-DigitalMint employee over alleged BlackCat ransom kickbacks
By James ThalerJuly 2 - (The Insurer) - The U.S. Department of Justice is investigating a former employee of cyber incident response company DigitalMint for allegedly receiving kickbacks when handling ransom negotiations involving the cyber threat group BlackCat, three sources familiar with the situ...Reuters
Wed, Jul 2
