Johnson & Johnson (J&J) has secured marketing authorization from the US FDA for its Ottava robotic surgical system, allowing it to enter the soft-tissue robotic surgery market. The system, approved for several general surgery procedures, will initially launch with select US customers, challenging Intuitive Surgical's dominance.
The House narrowly approved a defense bill with $1.15 trillion for national security, proposing to rename the Department of Defense to the Department of War, and including a military pay raise. Democrats opposed the partisan bill over spending, social policies, and an attached elections overhaul.
The use of AI in medical prior authorization, intended to streamline approvals and reduce waste, is drawing significant criticism from physicians and patient advocates in the US. Concerns are rising over potential increases in wrongful denials and care delays, despite government and industry efforts to reform the process.
Polestar's decision to exit the US market by 2027, due to a rule banning Chinese-made connected vehicle software, leaves thousands of owners and dozens of dealers facing uncertainty about vehicle service, software updates, and resale value. Unlike bankruptcies, this exit is government-mandated, leaving stakeholders vulnerable.
The Delhi High Court has adjourned the hearing on Salman Khan's plea to stop the release of the film 'Kala Hiran: The Battle for Legacy'. The case, which alleges violation of personality rights, will now be heard on Friday due to a shortage of time.
US Treasury revoked General License X, impacting Iranian oil transactions. While crude oil prices rose due to tanker attacks near the Strait of Hormuz, Bitcoin remained stable, raising questions about market confidence and future inflation impacts.
The U.S. initiated retaliatory strikes against Iran on Tuesday following Iranian attacks on three commercial vessels in the Strait of Hormuz. These actions threaten to escalate regional conflict and impact global oil prices.
The U.S. Treasury Department is revoking its authorization for Iranian oil sales, a license that allowed production, delivery, and sale through August 21. This action follows a series of attacks on tankers in the Strait of Hormuz, with a U.S. official stating Iran's actions were unacceptable and will face consequences.
Coinbase has received UK regulatory approval to offer investment services, including trading equities and derivatives. This expansion allows UK users to access traditional financial instruments alongside crypto, moving Coinbase closer to its goal of becoming an "everything exchange."
Coinbase has obtained a UK investment services license, enabling it to offer products beyond crypto, including equities and derivatives, to both retail and institutional clients. This expansion aligns with its "everything exchange" vision and precedes the UK's new crypto regulatory regime.
Ripple has obtained a Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator, granting it full authorization under the EU's MiCA crypto framework. This allows Ripple to offer regulated crypto-asset services across the EEA, making it one of few digital asset companies fully compliant with MiCA.
MOL has received a one-month extension from the US Treasury to finalize negotiations for a controlling stake in Serbia's NIS, which is under US sanctions due to its majority owner Gazprom Neft. The deadline is now July 31, 2026.
The UK's Financial Conduct Authority (FCA) has finalized its crypto rulebook, effective 2027. Firms seeking market access must undergo a new authorization process under FSMA 2000, distinct from current AML registration. The application window opens Sept. 30, 2026, with late submissions facing restricted market access.
The UK's Financial Conduct Authority (FCA) has released its comprehensive crypto regulatory framework, introducing mandatory licensing, capital stress-testing, and enhanced rules against market manipulation and insider trading for crypto firms. The regime aims to bring digital assets under similar standards as other financial services, with a licensing window opening in September and the full framework going live in October 2027.
Polestar, the Swedish EV maker owned by Geely, cannot sell new cars in the US due to a Department of Commerce decision under the Trump administration's "Connected Vehicle Rule." The company will continue selling existing stock and focus on Europe.
Polestar will cease selling its 2027 model year and beyond electric vehicles in the US after the federal government denied authorization under a new rule banning vehicles with software from "countries of concern," including China. The Geely-owned automaker will continue existing sales but shift focus to Europe and other markets.
Binance withdrew its MiCA application in Greece due to a lack of timely decision, forcing it to seek authorization elsewhere. Reports indicate friction with regulators in Ireland and Latvia, with concerns over Binance's history of AML violations and governance structure.
The US Commerce Department has banned imports of new Polestar models from model year 2027 onward, citing a rule against connected cars from automakers with Chinese links. This decision blocks future models like the Polestar 5 and 6, though existing Polestar 3 and 4 SUVs will continue to be sold.
US Secretary of State Marco Rubio warned that imposing tolls on ships in the Strait of Hormuz would cause "total chaos," a stance echoed by Oman, which stated no fees would be levied. Iran, however, insisted on its authorization for passage and appeared to criticize Oman's new shipping route, intensifying a key point of contention in ongoing US-Iran negotiations.
Swedish EV maker Polestar, owned by China's Geely, is blocked from selling new cars in the U.S. market by the Department of Commerce under the "Connected Vehicle Rule," which restricts vehicles with Chinese software/hardware. Polestar will continue selling existing stock and shift focus to Europe.
Binance has restricted key services for European Union users, including halting new onboarding and limiting existing accounts, effective July 1. This follows the exchange's failure to secure Markets in Crypto-Assets (MiCA) authorization from an EU member state before the deadline, prompting users to consider moving assets to self-custody or other licensed providers.
US Secretary of State Marco Rubio stated the US rejects any nation's claim over the Strait of Hormuz, warning against tolls, during his Bahrain visit. Iran's Revolutionary Guard warned against unauthorized crossings, while Israel conducted drone strikes in Lebanon amidst ongoing US-Iran peace talks.
Crypto exchange Binance is withdrawing its MiCA application in Greece just before the EU's July 1 deadline, planning to seek authorization in another member state. This move, influenced by past regulatory resistance, may impact some EU users and highlights challenges for crypto firms under new regulations.
Iran's Islamic Revolutionary Guard Corps warned shipowners that unauthorized Strait of Hormuz transit routes are "unacceptable and dangerous," threatening action. This comes despite a recent US-Iran MoU to reopen the artery, leading to continued caution among operators.
