U.S. regulators will investigate developing new requirements for automakers to ensure safe vehicle exits, following incidents where people were trapped in cars with flush, electronically operated door handles, including Tesla vehicles. NHTSA denied a defect investigation into Tesla Model 3s but granted a petition for rulemaking.
European regulators fined Google €890 million under the Digital Markets Act (DMA) for allegedly favoring its own services in search and restricting app developers from promoting external offers. Google is reviewing the decision, considering an appeal, and claims DMA implementation degrades user experience and security.
US Food and Drug Administration's advisory committee will meet to decide if seven peptides, marketed for various wellness treatments, can be compounded by licensed pharmacies. The review comes amid soaring popularity, safety concerns from the FDA, and controversy over committee members' ties to peptide businesses.
European Union antitrust regulators approved Paramount Skydance's proposed acquisition of Warner Bros. Discovery after concessions, including divesting a film distribution stake. This approval comes as the deal faces delays in the U.S. due to a lawsuit filed by state attorneys general over antitrust concerns, with a California judge granting a temporary restraining order.
French regulators have passed a bill banning social media for children under 15, pending approval by the Constitutional Council. If enacted, France would be the first EU member to implement such a ban, aiming to counter negative health impacts and following similar regulations in Australia.
U.S. Rep. Anna Paulina Luna is accused of tipping off a MAGA influencer about Donald Trump's 2024 VP pick, JD Vance, leading to a winning bet on Polymarket. Both Luna and the influencer deny the allegations, which have triggered a Commodity Futures Trading Commission investigation. This follows other White House staffer betting controversies.
AliExpress has been fined €550 million by European Union regulators for failing to curb illegal, unsafe, and counterfeit goods on its platform, violating the Digital Services Act. The e-commerce giant plans to appeal the "disproportionate" penalty and faces an October 20 deadline to submit a compliance plan.
European pilots have completed C919 flight tests in China, finding no major hardware risks. While this is a step towards EASA certification, the timeline remains uncertain for the Chinese-made jet, which aims to compete globally.
EU regulators have accused Meta Platforms of failing to protect Facebook and Instagram users, especially children, from features encouraging compulsive use and harming wellbeing. Meta rejected the preliminary findings, which could lead to a fine of up to $12 billion.
The EU has warned Meta to change Facebook and Instagram's "addictive" design, citing features like infinite scroll and autoplaying videos that encourage compulsive use, especially among children. Failure to comply could result in a fine of up to 6% of its global annual turnover.
An expert warns the UK has become a 'wild west' for experimental peptides and steroids, with easy online access and lack of regulation leading to serious health risks and potential fatalities. Fitness influencers are reportedly selling these substances via platforms like Telegram.
The European Securities and Markets Authority (ESMA) has launched a Common Supervisory Action (CSA) to assess the operational resilience of crypto asset service providers (CASPs) under the MiCA framework. The review focuses on custody services, moving beyond initial licensing to examine practical security measures and risk management.
The European Commission has charged Meta Platforms with violating the EU's Digital Services Act, citing addictive features on Instagram and Facebook. Meta faces potential fines of up to 6% of global turnover if changes aren't made to features like autoplay and infinite scroll.
EU regulators have charged Meta with failing to tackle the "addictive design" of Facebook and Instagram, which they say harms users' mental and physical health. Features like video autoplay and infinite scroll were cited as contributing to compulsive use, particularly among children. Meta faces potential fines up to 6% of its annual turnover if found in breach of the Digital Services Act.
A judge reluctantly approved a $1.5 million settlement between Elon Musk and the SEC over his delayed disclosure of his stake in Twitter. The judge expressed "significant misgivings," noting the delay may have saved Musk $150 million.
White House officials stated they haven't received names from Senate Democrats for SEC and CFTC commissioner posts, despite requests. This comes amid concerns over understaffed financial regulators and pending crypto market structure legislation.
Binance is in preliminary talks with regulators for crypto licenses after withdrawing its MiCA application in Greece. Co-CEO Richard Teng noted that 70% of EU user funds left Binance for self-custody wallets, questioning MiCA's consumer protection goals. The exchange is also expanding in Asia.
India's FSSAI has issued show-cause notices to Lotte India, Ferns N Petals, and Kubera Foods for misleading food labels. Products were falsely advertised as '100% Natural' or 'Premium Chocolate' while containing undeclared ingredients or preservatives.
Michael Burry, famous for predicting the 2008 housing crash, has bought shares in DraftKings and Flutter Entertainment. He believes regulators will eventually crack down on prediction markets, benefiting these established sports-betting operators.
A dispute between the Trump White House and US media escalates as the FCC reviews if 'The View' qualifies as a 'bona fide news program.' ABC argues this infringes on free speech and editorial independence, while the FCC claims ABC is misleading the public.
The Bank for International Settlements (BIS) warns that the AI investment boom, while driven by genuine technological progress, may mirror the dot-com bubble's speculative excess. Concerns focus on whether current investments will yield sustainable returns, the concentration of financing, and the risk of inflated valuations despite AI's transformative potential.
Utah regulators revoked the license of Provo Canyon School's Springville campus, citing neglect and abuse, a facility where Paris Hilton alleged she was abused as a teen. Hilton, an advocate against such institutions, stated the school "failed the children in its care."
Large app companies are lobbying for changes to app store regulations, arguing fees are too high. However, the article contends most small developers pay little or nothing, benefiting from secure ecosystems. The CMA is urged to reform where needed without undermining the successful app economy.
China is increasing its yuan loan quota to 300 billion yuan and extending the facility's tenure to 2-3 years to meet international demand. A new electronic FIC trading platform developed by CFETS and HKEX is also set to launch.
