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TikTok Finalizing Trio of Settlements in Addiction Litigation
TikTok is finalizing agreements to settle three upcoming trials related to allegations that its video product is addictive and harmful to minors. Plaintiffs’ attorneys Joseph VanZandt of Beasley Allen and Emily Jeffcott of Morgan & Morgan confirmed TikTok had resolved …
POSTED AUGUST 04, 2026 3:32 PM |
Government to Turn Kentucky Uranium Plant into AI Data Center
The U.S. Department of Energy is harnessing the artificial intelligence boom in its bid to convert another Cold War-era uranium enrichment site, tapping private equity to fund a $100 billion data center complex that will include its own new natural …
POSTED AUGUST 04, 2026 3:31 PM |
Bring It On: AI Strategy Sways Underwriter Choices of Employers
Property/casualty insurance underwriters are worried about AI tools taking over their jobs. Now, according to a recent survey, nearly three-quarters say they’re opting for companies with clear AI strategies as employers. The result shows up in the report “The Future …
POSTED AUGUST 04, 2026 2:39 PM |
Florida’s Edison Files for 9.8% Average Residential Rate Drop
Boca Raton-based Edison Insurance Co., now with more than 145,000 policies in force, has joined the list of Florida property insurers filing for rate decreases this year, three years after state lawmakers approved significant disincentives for claims litigation. Edison recently …
POSTED AUGUST 04, 2026 2:16 PM |
Lawsuit Says EEOC Has Halted All Federal-Sector Class Complaints
A labor union and two female prison employees filed a lawsuit late last month accusing a U.S. civil rights agency of unlawfully halting their sexual harassment case as part of wider order to indefinitely suspend proceedings in all federal-sector class …
POSTED AUGUST 04, 2026 1:45 PM |
Washington Man Charged With Starting Devastating Spokane Fire
A 37-year-old Washington State man has been arrested and charged with arson in connection with one of the wildfires that is devastating Spokane, the County Sheriff’s Office said in a statement. Aaron Farinacci, of Spokane, was taken into custody at …
POSTED AUGUST 04, 2026 1:27 PM |
Goldman Sachs, Talcott Launch $1 Billion Bermuda Reinsurance Sidecar
Talcott Financial Group and Goldman Sachs have launched a Bermuda-domiciled reinsurance sidecar West Grove Re, the life insurance provider said on Tuesday, which has so far raised $1 billion. The capital raise includes a credit facility and equity commitments from …
POSTED AUGUST 04, 2026 1:12 PM |
NYC Mayor Mamdani’s Rent Freeze Heaps Pressure on a Teetering CMBS Deal
A $506 million bet on thousands of New York rent-stabilized apartments has already soured for bond investors. Mayor Zohran Mamdani’s rent freeze threatens to make it worse. The commercial-property bond, backed by the mortgage on 53 buildings across Queens, Brooklyn, …
POSTED AUGUST 04, 2026 12:40 PM |
Hormuz Traffic at a Trickle as Ship Attacks Heighten Concerns
Observable traffic transiting the Strait of Hormuz remained at a trickle as attacks on vessels and Iranian threats heightened safety concerns for shipowners and crews considering a trip through the waterway. Shipping activity was subdued on Tuesday after six smaller …
POSTED AUGUST 04, 2026 10:32 AM |
China Signals Nation Is Ready to Lead Global Climate Action
China signaled it plans to take a more important role in steering the global campaign to tackle climate change, as officials offered further details on strategy to mitigate and adapt to rising temperatures. The nation “will constructively lead the multilateral …
POSTED AUGUST 04, 2026 9:56 AM |
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