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The auto industry can breathe a little easier when it comes to tariffs. President Trump plans to sign an executive order that will give car and truck manufacturers some relief from import tariffs, amid fears those levies would impact U.S. factories. While the 25% tariffs will remain in place on imported vehicles and auto parts, … Read more
More than 30 top experts—including nine former OpenAI employees—have urged the attorneys general of California and Delaware to intervene in OpenAI’s proposed restructuring, which would allow the company to buy itself out from under its nonprofit’s control. In an open letter, they warn that the move would eliminate key governance safeguards and endanger OpenAI’s founding … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Kyiv and Washington have signed a memorandum of intent pledging to advance an agreement on an investment fund for Ukraine’s natural resources and energy assets, officials familiar with the matter told the Financial … Read more
Ripple, one of the biggest names in the cryptocurrency sector, recently purchased prime brokerage Hidden Road for $1.25 billion, underscoring how decentralization and traditional finance are officially meshing. Nic Puckrin, a crypto analyst and founder/CEO of The Coin Bureau, says the deal is indicative of this new trend and a positive for Ripple’s blockchain adoption … Read more
Rain, a startup offering employer-integrated earned wage access (EWA) app coupled with financial-wellness features like overdraft alerts and spending trends, has raised $75 million in an all-equity Series B round. The round was led by Prosus at a post-money valuation of $340 million. Rain plans to use the new funds to help it add credit … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Freshfields US was the only top 20 law firm to sign on to a legal brief supporting the efforts of Perkins Coie to contest an executive order from Donald Trump banning it from … Read more
The New York Giants have agreed to sign veteran quarterback Jameis Winston to a two-year, $8 million contract, according to Fox Sports. Winston cryptically referred to the deal in a post on X, reciting lyrics to the famed Frank Sinatra song “New York, New York,” with the message “Start spreading the neWs” and an apple … Read more
Elon Musk’s America PAC is offering registered voters in Wisconsin $100 each if they sign a petition against “activist judges who impose their own views.” Those payments come as another Musk-backed group is spending heavily in the state ahead of a Wisconsin Supreme court race. At the same time, The Washington Post reports Musk has … Read more
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Ribbit Capital, a venture firm known for its fintech investments, is raising $500 million for a new fund, a filing with the U.S. Securities and Exchange Commission (SEC) revealed on Wednesday. The new capital appears to be a part of the Palo Alto-based venture firm’s latest flagship fund, titled Ribbit Capital Y, the SEC filing … Read more
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