Citi says the CLARITY Act has made significant progress, but DeFi controversies may delay its passage
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Google faces over 3.2 billion dollars ad tech monopoly claim, publishers granted permission to proceed with jury trial
A federal judge in New York has ruled that USA Today, Daily Mail, and a collective of about 5,000 publishers may each seek compensation of $900 millions, $600 millions, and $1.7 billions, respectively. The judge rejected Google's objections regarding the calculation of compensation amounts in the ruling. Google stated that the judge also dismissed some publishers' claims related to another ad purchasing tool and will defend itself in court against the remaining lawsuits.
Nike (NKE.US) reports Q1 revenue of $11.2 billions, continues to drive business restructuring
Nike released its financial report for the first quarter of fiscal year 2027.
Traders are betting on rising US Treasury yields, short positions surge and push up repo costs
Short positions on government bonds continue to increase, driving up the cost of repo borrowing.
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
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