The Court of International Trade has struck down a second round of global tariffs ordered by President Trump, after his earlier import taxes were outlawed by the U.S. Supreme Court. The decision is a victory for importers and a setback for the administration.
A judge approved a $1.5 million penalty for Elon Musk to settle an SEC lawsuit over his handling of his stake in the social network formerly known as Twitter. Judge Sparkle Sooknanan expressed "significant misgivings" but found the settlement met minimum fairness standards.
A judge approved a $1.5 million penalty for Elon Musk to settle an SEC lawsuit over his handling of the Twitter takeover. Despite "significant misgivings," the judge found the settlement fair and reasonable, noting it stemmed from Musk's failure to timely disclose his growing stake in Twitter in 2022.
Swedish startup Lovable is reportedly in talks to raise $300 million at a $13.2 billion valuation, doubling its previous valuation from December. Menlo Ventures is expected to lead the funding round. The company, less than three years old, has achieved $500 million in annualized revenue run rate.
German startup QuantumDiamonds has received €76 million in non-dilutive funding and €15 million in equity to develop semiconductor testing equipment. Leveraging quantum technology and synthetic diamonds, the company offers rapid defect detection, potentially saving chip manufacturers millions.
Ireland-based Manna Aero is launching a major US expansion, establishing an operations and manufacturing center in Tulsa, Oklahoma, expected to create 1,000 jobs. Fueled by $50 million in recent funding, the drone delivery startup aims to compete with major players like Zipline and Amazon.
Ireland-based Manna Aero is launching a major U.S. expansion, establishing an operations and manufacturing center in Tulsa, Oklahoma, aiming to employ 1,000 people. Fueled by $50 million in recent funding, the drone delivery startup plans to compete with major players like Zipline and Amazon, citing favorable regulatory environments and market potential.
