A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and WhatsApp and of enabling child sexual exploitation on those platforms. The jury found that Meta violated New Mexico’s consumer protection law and ordered the company to pay $375 million in civil penalties. “We respectfully disagree with the verdict and will appeal.” a Meta spokesperson said in a statement. “We work hard to keep people safe on our platforms and are clear about the challenges of…
Author: Awais
The expansion brings the firm’s footprint to five states, adding to its existing presence in Wisconsin, Michigan, and Minnesota. The move into Illinois and Florida represents the company’s first step into the Southeast and a broader push beyond its traditional Midwest base.
The proposed acquisition is Cencora’s latest push into retina services as the company looks to expand its specialty support business. Cencora doesn't expect the deal to close before the end of September.
Florida Peninsula Insurance Company is back in the catastrophe bond market looking to secure $150 million or more in named storm reinsurance from its third sponsorship of a Palm Re Ltd. (Series 2026-1) cat bond issuance, Artemis understands.Florida Peninsula secured $150 million of Florida named storm reinsurance from its debut catastrophe bond deal, the Palm Re Ltd. (Series 2024-1) issuance. The insurer then followed that up with a further $250 million of named storm reinsurance from a Palm Re Ltd. (Series 2025-1) cat bond issuance sponsored one year ago. Now the insurer is back and looking to add more catastrophe…
GLP-1s, a class of drugs used to treat type 2 diabetes, obesity, cardiovascular disease, and other conditions, have exploded in popularity in recent years due to their demonstrated effectiveness, but are often not covered by insurance, particularly for the treatment of obesity. According to KFF polling, about half (56%) of GLP-1 users say these drugs were difficult to afford, including one in four who say they were “very difficult” to afford. The Trump administration is pursuing various approaches to lowering the cost and expanding coverage of these medications. These approaches include striking “most-favored nation” deals with GLP-1 manufacturers Novo Nordisk and…
Leadership moves signal focus on strategy and regulation
The private aviation market is in another softening phase, but claims headwinds could cloud the outlook
A settlement between CVS' pharmacy benefit manager and antitrust regulators would leave UnitedHealth as the sole holdout in high-profile suit.
U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin has promised New Hampshire officials that his agency will expedite its review of the state’s request for a Clean Air Act waiver that will allow it to repeal its vehicle inspection and maintenance (I/M) program. The state can expect EPA to share its decision by “early summer” and issue a final decision “before the end of the year,” according to Zeldin, who noted that EPA has up to 18 months to decide on state petitions under the Clean Air Act but will fast-track New Hampshire’s. Under the Clean Air Act, the state…
Georgia-headquartered Oakbridge Insurance, one the largest privately owned brokerages, announced that longtime president and CEO Robbie Smith will be executive chairman, starting July 1. James Matt James, the current chief financial officer and chief acquisition officer, will be named CEO. Trae Vaughn, previously the managing director of the brokerage, will take on the role of president, the company said this week. “The vision and mission of Oakbridge remain unchanged,” James said in a news release. “We are doubling down on what has made us successful: a broadly aligned employee-centric model that empowers both the current and next generation of talent.”…
Valero Energy Corp. responded to a fire in a unit at its Port Arthur refinery in Texas on Monday, adding pressure to a US fuels market that’s already seen prices skyrocket due to the Middle East war. A fire broke out at a diesel hydrotreater, with the unit suffering severe damage, according to people familiar with the incident. The blaze was near the plant’s fluid catalytic cracker, and part of the refinery has been shut down, according to the people, who said a decision hasn’t yet been made whether to shut the entire plant. A few minor injuries were reported,…
Reinsurance broker Howden Re has released a new report in which the firm sets out a framework for introducing a secondary reinsurance market, noting that it would allow carriers to more efficiently allocate risk, which would ultimately improve and drive greater overall capital efficiency.The firm’s report explained that reinsurance functions as a type of contingent capital, highlighting that by taking on losses, it mitigates earnings volatility and diminishes the risk faced by equity and debt holders. “However, unlike debt or equity, reinsurance does not typically benefit from an active secondary market. Capital must be committed ex ante and priced to…
SoftBank Group Corp. is developing a data center-focused project in Ohio so massive that Chief Executive Officer Masayoshi Son said it would channel $500 billion into a single campus. “We are going to do the largest construction project in the country,” Commerce Secretary Howard Lutnick said Friday alongside Son and Energy Secretary Chris Wright at the site. While the US is witnessing a historic scramble by tech companies to build out artificial intelligence computing, the project’s scale described by Son and Trump officials has little precedent. At 10 gigawatts, the center would be among the largest — if not the…
The Status of Abortion-related State Ballot Initiatives Since Dobbs Last updated on March 27, 2026 Since the Supreme Court’s Dobbs decision, overturning Roe v. Wade, voters in 17 states have weighed in on ballot measures regarding abortion– some more than once. In November 2026, voters in Missouri, Nevada, and Virginia will weigh in on abortion measures that could change the legal status of abortion in their state. In addition, measures in Idaho and Nebraska are in the process of collecting signatures. In 2024, 10 states voted on abortion measures that sought to affirm that the state constitution protects the right to abortion. Nebraska voted on two measures: one seeking to protect abortion and the other seeking to ban abortion after the first trimester. Measures…