GOOD? UHG lawsuit, Gen Z hates AI, Disney vs. FCC, anti-pervert glasses
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UnitedHealth shareholders sue company over ‘corporate governance failures on a historic scale’
UBS fined record $125 million for money laundering violations
$125 million civil penalty to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law.
FinCEN said the fine is the largest ever assessed against a broker-dealer for BSA violations.
The settlement marks FinCEN's second enforcement action against UBS Financial Services, a subsidiary of the Swiss bank UBS. The firm had previously paid a $14.5 million penalty in December 2018 for similar failures, including inadequate monitoring of foreign currency wire transfers.
Despite assurances to regulators that it would fix the underlying problems, the firm subsequently failed to monitor more than 50,000 foreign currency wires with a combined value exceeding $10 billion.
SEC launches new enforcement unit aimed at accounting fraud
How??
The unit will be housed within the SEC’s Division of Enforcement and staffed by both attorneys and accountants with specialized skills related to financial reporting, accounting, and auditing in securities regulation, according to the announcement.
The announcement is “a little surprising” given the SEC’s current deregulatory focus under Chair Paul Atkins, Rebecca Fike, a partner in Reed Smith’s regulatory and enforcement group, told CFO Dive.
BIG DATA and AI BS
Paltrow played WeWork Rebekah Neumann
Anthropic is embedding invisible watermarks in Claude text and images
Young People Hate AI CEOs So Passionately That It’s Almost Hard to Believe
CNBC survey asked over 1,000 US adults aged between 18 and 34
Asked “who do you trust to act responsibly on AI?” the vast majority of participants said they “don’t trust” any of the nine figures.
Palantir’s extremely controversial CEO Alex Karp scored the lowest, with 81 percent choosing “don’t trust,” while Microsoft CEO Satya Nadella fared the best — albeit with a pitiful 35 percent “trust” score.
Everyone else fell in between: 79 percent of respondents said they don’t trust Peter Thiel, while a whopping 71, 70, and 69 percent said they “don’t trust” Mark Zuckerberg, Elon Musk, and Sam Altman, respectively
Meta, others lose appeal to drop thousands of social media addiction lawsuits
A U.S. Appeals Court [Judge Jacqueline Nguyen] said that thousands of lawsuits targeting Meta Platforms, ByteDance's TikTok and other social media outlets over claims that social media is harmful and addictive can proceed.
The court also denied Meta's request to postpone a trial over allegations that they used data from children to keep them on its platforms.
AI data center outrage is showing up everywhere from ads to elections
Spirit Flight Attendants Fight Google’s Data Bid for AI
The flight attendants want assurance that their confidential information will be removed from the sale of the defunct airline’s digital records
CULTURE WARS
PublicSquare's marketplace has struggled to grow despite political backing, prompting a costly shift to financial services
Disney is suing the FCC in a departure from former CEO Bob Iger's strategy
US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived
Ellison Is Now Willing to Sell CNN to Save His $111 Billion Deal
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Solar Panels on Storage Units: Illinois Is Going All In on This No-Brainer
First test flight of largest all-electric aircraft used just $5 of electricity
Trump ordered to release billions in climate grants meant for Black communities
a $2.8 billion program meant to help mitigate the harm from climate change and environmental issues in Black, low-income, and disadvantaged communities.
Trump tried to curb clean energy. It’s booming anyway
Clean energy additions will rise by a record 45 gigawatts this year, according to S&P Global Energy—equivalent to the average electricity demand of Turkey. The increase is roughly 25 percent higher than the record set in 2024.
It Just Got Way Easier to Sue Fossil Fuel Companies Over Climate Change
Climate attribution science
A new peer-reviewed study published earlier this month in Earth’s Future suggests that it is possible to demonstrate that “emissions from company X cause injury Y.”
It also could potentially provide evidence so industry could be forced to answer for climate impacts.
The new methodological framework has, for the first time, drawn a straight line from single corporate emitters like Exxon or Chevron, or even whole countries like the United States, to specific heatwaves and areas of extreme rainfall.
By running over 150 simulations across 8 different climate models, the study’s author, Christopher Callahan—an Earth systems scientist and assistant professor at Indiana University’s O’Neill School of Public and Environmental Affairs—built a statistical model to figure out the relationship between the amount of carbon dioxide in the atmosphere and the odds of extreme heat or rain. He then used real emissions data to calculate the extent to which specific fossil fuel emitters increased the risk of extreme weather.
SPEED ROUND
Jason Kelce Wants Fans to 'Pee on Computers' to Protest AI Water Use: 'We Want Your Pee'
Cards Against Humanity Unveils 'Sad Little Bitch' Elon Musk Monument Near Texas Starbase
France bans unsolicited telemarketing calls--$87,000 fine per call
‘We see a great impact on employees,’ CEO says
Excuse me? Body shamer.
