Author: completebodyneeds

The U.S. Transportation Department said Wednesday it is rescinding part of its long-standing civil rights regulations that prohibit conduct that has an unintended “disparate” impact. In April 2025, President Donald Trump ordered federal agencies not to enforce laws that prohibit policies and practices with discriminatory impacts that are often unintended. U.S. Transportation Secretary Sean Duffy said the department is making clear its regulations “prohibit only intentional discrimination, not conduct or activities that have a disparate impact,” and added USDOT will not take action on disparate-impact liability. Curbing so-called disparate impact liability, which is common in employment-related cases, removes a tool…

Eli Lilly, one of the world’s largest pharmaceutical makers, has won a federal court order against leaders of a Tennessee church and Florida and Tennessee-based pharmacy groups, after the drugmaker said the participants had crafted a years-long scheme that bilked Lilly of some $200 million in rebates for its popular weight-loss drug. “Through extensive pre-litigation investigation, Lilly has identified a network of interconnected individuals and entities who, since at least 2020, have been exploiting Lilly’s practice of paying rebates to PBMs (pharmacy benefit managers) to systematically defraud Lilly,” reads the pharmaceutical firm’s argument for a temporary restraining order on the…

It was an eventful first quarter, with the Iran conflict co-mingling with market concerns over the private credit exposures held by both European banks and insurers. Unsurprisingly, debt issuance has been affected, with March and much of April seeing a drought after a reasonably lively start to the year, although the on-off-again nature of peace talks has seen activity pick up. Insurers don’t appear to have been particularly affected so far both in their underwriting and investment portfolios, and it will be interesting to see what is said in their first half 2026 results. However, based on FY25 results, they…

A state court judge has denied motions by Meta Platforms and Google’s YouTube seeking a new trial after a jury found the companies liable for designing social media platforms that are harmful to young people. Los Angeles Superior Court Judge Carolyn Kuhl ruled on the motions on June 9, according to court documents. The companies had sought a new trial in a lawsuit filed by a woman who said she became addicted to Google’s YouTube and Meta’s Instagram at a young age because of their attention-grabbing design. A jury found the companies negligent and imposed $6 million in damages. Kuhl…

The top U.S. derivatives regulator on Wednesday released new draft regulations governing the burgeoning prediction markets industry, seeking to cement federal oversight over companies that have shot to the forefront of politics and sports betting while presenting new possible avenues for fraud. The proposal, if adopted, would set standards for the types of sporting wagers that are acceptable while leaving prediction markets on elections and politics outside a category of activities that garner stricter review, according to a draft made public by the U.S. Commodity Futures Trading Commission. In proposing new regulations, the CFTC aimed to address far-reaching questions about…

A licensed property-casualty insurance agent in Palm Beach Gardens has been charged with keeping payments for contractors’ surety bonds, then using the funds for personal gain. Checree Bryant, 51, of Innovative Bonding Services, was arrested last week and charged with embezzlement, fraud and larceny after investigators said she collected more than $90,000 for three bonds for a roofing company and a construction firm. But Bryant never sent the funds to Old Republic Surety Co., an investigator with the Florida Department of Financial Services said in a probable cause affidavit in Palm Beach County Circuit Court. “To date, and despite requests,…

A two-year investigation into immigrants with fake identity documents led to federal officials detaining 48 workers at a South Carolina metal casting business and six people facing state charges, including two top managers at the plant, authorities announced Thursday. Dozens of officials with federal and local law enforcement agencies raided Burnstein von Seelen Precision Castings in Abbeville on Wednesday. Immigration and Customs Enforcement officers took the workers into custody on alleged immigration violations, and the company’s plant manager and human resources director were arrested on allegations they knowingly hired immigrants in the U.S. illegally, state Attorney General Alan Wilson said…

Gov. Greg Abbott on Tuesday released sweeping regulatory recommendations on data centers for the Legislature to pass in the 2027 session, as Texas grapples with an explosion of artificial intelligence-driven development and soaring power demands. In a letter to state regulators, Abbott outlined a series of proposals designed to ensure data centers shoulder the costs of their growth rather than Texas ratepayers. Among his legislative priorities: • requiring new facilities to add power generation to the state’s power grid • requiring data centers pay for their own grid interconnection and infrastructure costs • mandating the use of “closed-loop” water systems,…

This edition of International People Moves details appointments at Willis Re and Arch Insurance International. A summary of these new hires follows here. Willis Re Taps Carpenter’s Summers as CEO of Global Specialties Willis Re, an international reinsurance broker, announced the appointment of Jim Summers as chief executive officer, Global Specialties, effective immediately. Jim Summers As CEO, Global Specialties, Summers will lead the strategic direction and drive growth across all specialty classes globally. Working closely with the senior leadership team, he will also help strengthen Willis Re’s global platform and support its long-term expansion plans. A highly respected market leader…

Off the coast of Oman over the weekend, 16 tankers clustered together to transfer millions of barrels of oil that had been stranded in the Persian Gulf. A month ago, that area had been entirely empty. They’re part of a growing number of tankers that are turning their transponders off to lift oil flows through the Strait of Hormuz from a trickle to a stream. While conventional vessel-tracking data show little change in shipments, senior shipping executives, Asian oil buyers and satellite images paint a different picture: That Hormuz is now a lot less blocked, with transits becoming more steady…