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WRAPUP 1-Judge temporarily blocks Trump admin from revoking Harvard enrollment of foreign students
Judge blocks policy affecting 7,000 visa holders, citing constitutional violationsTrump administration cities immigration and national security concerns, may appealHarvard says it faces retaliation for refusing to align with Trump's agendaBy Jonathan Stempel and Nate Raymond BOSTON, May 23 (R...Reuters
Fri, May 23
Trouble with AI 'hallucinations' spreads to big law firms
By Sara Merken May 23 (Reuters) - Another large law firm was forced to explain itself to a judge this week for submitting a court filing with made-up citations generated by an artificial intelligence chatbot.Attorneys from Mississippi-founded law firm Butler Snow apologized to U.S. District Judge...Reuters
Fri, May 23
US Supreme Court temporarily halts access sought by watchdog group to DOGE records
Watchdog group sought records on DOGE's operationsLower court found DOGE is likely subject to FOIA lawBy Andrew Chung WASHINGTON, May 23 (Reuters) - The U.S. Supreme Court on Friday temporarily paused judicial orders requiring the Department of Government Efficiency, established by President ...Reuters
Fri, May 23
Iran, US see hope for progress after US nuclear talks
Mediator says 'some but not conclusive progress' made Talks aim to reach new nuclear deal after 2015 accord unravelledDeep differences over uranium enrichment cast shadow over talksIran says it will hold US responsible for any Israeli strikes By Parisa Hafezi and John Irish DUBAI, May 23 ...Reuters
Fri, May 23
US Supreme Court temporarily halts access sought by watchdog group to DOGE records
WASHINGTON, May 23 (Reuters) - The U.S. Supreme Court on Friday temporarily paused judicial orders requiring the Department of Government Efficiency, established by President Donald Trump and spearheaded by his billionaire adviser Elon Musk, to turn over records and answer questions in the coming da...Reuters
Fri, May 23
Southern California Edison to pay $82.5 million to settle claims over 2020 Bobcat Fire damages
May 23 (Reuters) - Southern California Edison (SCE), a unit of utility Edison International EIX.N, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020.The U.S. government had filed a lawsuit against SCE in 2...Reuters
Fri, May 23
Oracle to buy $40 billion of Nvidia chips for OpenAI's US data center, FT reports
May 23 (Reuters) - Oracle ORCL.N will spend around $40 billion on Nvidia's NVDA.O higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.The data center, situated in Abilene, Texas, is part of the U.S. Stargate Project, led by top AI firms in ...Reuters
Fri, May 23
US top diplomat in Havana promises more sanctions on Cuba
Trump administration intensifies sanctions, adds Cuba to terrorism sponsor listEmbassy chief Hammer travels Cuba, engages with dissidents and citizensCuban government blames US embargo for economic crisis, disputes Hammer's claimsBy Dave Sherwood HAVANA, May 23 (Reuters) - The United States&#...Reuters
Fri, May 23
Inside Debt - May 23
To access a PDF version of this newsletter, please click here(Inside Debt will not be published on Monday, May 26, on account of the Memorial Day holiday) You can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: htt...Reuters
Fri, May 23
More California bar examinees wrongly told they failed, state bar says
By Karen Sloan May 23 (Reuters) - Nine more people who were initially told they failed California’s troubled February bar exam actually passed, the State Bar of California said in an email sent to test takers on Thursday, which Reuters reviewed.Those errors were in addition to the four test taker...Reuters
Fri, May 23
US, Iran teams meet for two hours in Rome
WASHINGTON, May 23 (Reuters) - U.S. special envoy Steve Witkoff held more than two hours of talks with an Iranian delegation in Rome on Friday about Tehran's nuclear program and agreed to meet again in the near future, a senior U.S. official said."The talks continue to be constructive – we m...Reuters
Fri, May 23
India to discuss with security agencies IndiGo's Turkish Airlines partnership
By Abhijith Ganapavaram NEW DELHI, May 23 (Reuters) - India will discuss with security agencies IndiGo's codeshare and leasing pacts with Turkish Airlines and decide on further action, its civil aviation minister said on Friday.The move follows growing public anger in India against Turkey'...Reuters
Fri, May 23
Tennis-Italian Cobolli to face Rublev in Hamburg final
HAMBURG, Germany, May 23 (Reuters) - Italy's Flavio Cobolli came from a set down to battle past Tomas Etcheverry of Argentina and reach the Hamburg Open final with a 2-6 7-5 6-4 win on Friday.With the French Open starting on Sunday, Cobolli dug deep to come from 3-1 behind in the second set befo...Reuters
Fri, May 23
TREASURIES-Yields ease on growth concerns as Trump threatens more tariffs
Trump threatens tariffs on Apple iPhones and on EU importsConcerns over government spending and inflation weigh on sentimentBond market to be closed Monday for U.S. holidayBy Karen Brettell May 23 (Reuters) - Longer-dated U.S. Treasury yields fell on Friday after President Donald Trump said h...Reuters
Fri, May 23
Trump says his tariffs on Apple will also apply to Samsung
WASHINGTON, May 23 (Reuters) - U.S. President Donald Trump said on Friday that a 25% tariff he says he will impose on Apple will also apply to Samsung and other smartphone makers.Trump, talking to reporters in the Oval Office, also said he was fine with leaving a 50% tariff in place on the European ...Reuters
Fri, May 23
US Justice Department reaches deal with Boeing to allow planemaker to avoid prosecution
WASHINGTON, May 23 (Reuters) - The U.S. Justice Department said on Friday it has struck a deal in principle with Boeing to allow it to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane crashes that killed 346 people.The agreement allows Boeing BA.N to avoid being branded a conv...Reuters
Fri, May 23
