George Santos fined, temporarily banned from Kalshi prediction market - MS NOW
Former Republican congressman George Santos has agreed to pay more than $35,000 in fines and is temporarily barred from trading on Kalshi after federal regulators concluded he unlawfully manipulated a prediction market. The Commodity Futures Trading Commission announced Friday that Santos will pay a $17,500 civil penalty and forfeit an additional $17,570 in profits under a settlement resolving allegations that he improperly profited from trades tied to his attendance at President Donald Trump’s State of the Union address in February.
Oil companies are expected to reap big profits because of US-Iran conflict - AP News
1 of 5 | A display shows $110.04 for gasoline on a fuel pump at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File) 2 of 5 | FILE- A truck enters the Exxon Mobil Baytown Olefins Plant, Wednesday, April 29, 2026, in Baytown, Texas.
Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at cloud business - Fortune
The AI trade is coming to a realization: America’s best businesses are turning into utilities.Such is the fate that befalls Meta, whose shares fell as much as 10% in after-hours trading Wednesday after the company missed earnings owing to costs ballooning 55% (Meta’s stock later recovered some ground and was down 7%). Its operating income fell 8%, net income dropped 14%, and it barely eked out $784 million of free cash flow—just narrowly missing falling into negative territory and well below the roughly $12 billion in free cash flow the company has averaged over the previous eight quarters.
J&J offers $5.5bn settlement in lawsuits claiming talc link to cancer - Al Jazeera
Settlement resolves thousands of US lawsuits, with a record UK case against the company under way. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoA bottle of Johnson and Johnson Baby Powder By ReutersPublished On 28 Jul 202628 Jul 2026Johnson & Johnson (J&J) has agreed to pay $5.5bn to settle tens of thousands of lawsuits in the United States that allege its discontinued talc-based baby powder caused ovarian cancer.