Judge approves $1.5B copyright settlement between AI company Anthropic and authors
About 465,000 books are on the list of works pirated by Anthropic, according to Justin Nelson, an attorney for the authors.
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Trump signs executive order supporting proposed deal to put TikTok under US ownership
Much is still unknown about the actual deal in the works, but President Trump said at a White House signing ceremony Thursday that Chinese leader Xi Jinping has agreed to move forward with it.
Trump to put import taxes on pharmaceuticals, kitchen cabinets, furniture and heavy trucks
Trump said on Truth Social that the pharmaceutical tariffs would not apply to companies that are building manufacturing plants in the United States, which he defined as either “breaking ground” or being “under construction.”
Amazon to pay $2.5B to settle FTC allegations it duped customers into enrolling in Prime
The Seattle company will pay $1 billion in civil penalties—the largest fine in FTC history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday.
Economy expanded at faster-than-expected pace in 2nd quarter
U.S. gross domestic product—the nation’s output of goods and services—rebounded strongly in the spring from a 0.6% first-quarter drop.
Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan
The company said it also plans to redesign more than 1,000 locations in the next 12 months to give them a warmer, more welcoming feel.
White House budget office tells agencies to draft mass firing plans ahead of potential shutdown
A reduction in force would not only lay off employees but eliminate their positions, which would trigger yet another massive upheaval in a federal workforce that has already faced major rounds of cuts this year.
QB Daniel Jones’ fast start in Indianapolis has people wondering if he can keep playing this way
With the Colts, Jones appears to be blossoming into the franchise player the New York Giants expected after drafting him No. 6 overall in 2019 and again when they signed him to a $160 million contract extension in 2023.
Andretti Global hires Ron Ruzewski as team principal, reuniting him with driver Will Power
Ruzewski was one of three Team Penske executives fired during an Indianapolis 500 scandal.
Aces even WNBA semifinal series at 1-1 with blowout win over Fever
The best-of-five series heads to Gainbridge Fieldhouse in Indianapolis, where Game 3 is set for Friday night at 7:30 and Game 4 is scheduled for Sunday at 3 p.m.
Major League Baseball to use robot umpires for ball-strike challenges
The system has been in use at many Minor League Baseball parks since 2023, including at Victory Field in Indianapolis for Indians games.
Powell signals Federal Reserve to move slowly on interest rate cuts
Jerome Powell’s approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
CVS Health subsidiary Omnicare files for bankruptcy protection
The filing comes two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs.
Jury to look at whether Amazon tricked customers into joining Prime—and made it hard to leave
The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago and has alleged more than a decade of legal violations. A trial begin this week.
Trump administration seeks to redistribute $2.4B pulled from California’s high-speed railroad
The administration wants to use the money for a new $5 billion program announced Monday to fund rail projects to boost passenger rail traffic nationwide.
Spirit Airlines to furlough 1,800 flight attendants amid second bankruptcy
Known for its bright yellow planes and no-frills service, Spirit has had a rough ride since the COVID-19 pandemic, struggling to rebound amid rising operation costs and its mounting debt.
White House says it blocked U.S. Steel’s decision to stop processing steel at Illinois plant
U.S. Steel reversed course and said it would continue to supply raw steel slabs to Granite City “indefinitely” and that it had “found a solution to continue slab consumption at Granite City.”
Pfizer amps up push into obesity treatments with $4.9B deal for Metsera
Demand for obesity treatments has soared recently, due to unprecedented weight loss provided by regular injections of market leaders Wegovy from Novo Nordisk and Zepbound from Indianapolis-based Eli Lilly and Co.
Google faces antitrust déjà vu as US seeks to break up its digital advertising business
The federal trial will revolve around the conduct that resulted in U.S. District Judge Leonie Brinkema declaring parts of Google’s digital advertising technology to be an illegal monopoly.
White House says $100K H-1B visa fee won’t apply to existing holders
India’s government expressed concern Saturday that the Trump administration move would dramatically raise the fee for visas that bring tech workers to the United States. More than 70% of H-1B visa holders are from India.