Good morning. An AI startup that Palantir has sued for allegedly poaching its workers and stealing company secrets has denied the allegations and asserted in a legal filing Monday that Palantir is trying to “scare others away from leaving.”

Startup’s response to suit: Percepta, an artificial-intelligence company launched by two ex-Palantir employees and owned by venture firm General Catalyst, disputed Palantir’s claims that it violated noncompetition agreements. “In truth, Palantir is looking to scare others away from leaving and destroy Percepta before it can grow further,” lawyers for the startup said in the filing.

Why Palantir is suing: In October, Palantir sued Percepta, alleging its two co-founders—Hirsh Jain and Radha Jain (no relation)—had stolen trade secrets and violated their nonsolicitation agreements. It also accused a third employee, Joanna Cohen, of stealing confidential documents from Palantir before she left to work for Percepta.

The noncompete: The lawsuit against Percepta hangs on noncompetition agreements that Radha Jain and Cohen signed as part of their employment contracts with the company. Percepta said in its rebuttal that these agreements are “so broad that—if enforced according to Palantir’s interpretation—it would prevent them from working for any company that uses AI to help customers or clients to solve problems anywhere in the world for 12 months.”

Background: Palantir’s litigation joins a wave of legal battles over trade secrets and anticompetitive behavior in the AI sector. Elon Musk’s xAI sued ex-employees and competitors for alleged infractions, while data-labeling startup Scale AI sued competitor Mercor and a former employee who left to work for Mercor for allegedly stealing trade secrets.

Trump blasted federal prosecutors at White House event, calling them weak.

President Trump criticized a group of U.S. attorneys at a White House event last week, calling them weak and complaining they weren’t moving fast enough to prosecute his favored targets, according to people familiar with the exchange.

Dozens of U.S. attorneys, who lead prosecutors’ offices around the country, went to the White House Thursday for what was supposed to be a ceremonial photo shoot. After Attorney General Pam Bondi introduced the group of prosecutors, Trump criticized them as ineffective, saying the group was making it difficult for Bondi and Deputy Attorney General Todd Blanche to do their jobs, the people said.

Judge rules Orsted can resume work on Revolution Wind project.

Danish renewable energy company Orsted can get back to work on its Revolution Wind project for now, reports Sustainable Business’ Clara Hudson, despite the Trump administration’s attempt to shut it down.

A federal judge in Washington, D.C., on Monday agreed to the company’s request for a preliminary injunction against the Trump administration’s pause on the $5 billion project. The U.S. government in December paused the federal leases for five East Coast wind projects “due to national security risks identified by the Department of War in recently completed classified reports.”

• Even Oil Companies Are Nervous About Trump’s Crackdown on Offshore Wind

• The Supreme Court of Panama is winding up deliberations that will decide whether a Hong Kong company can run two ports at either end of the Panama Canal, a decision closely watched in Washington and Beijing.
   
• The Consumer Financial Protection Bureau is set to receive $145 million in funding intended to keep its operations running through March as the Trump administration pushes to cut back the agency, Risk Journal reports.
   
• An appeals court ruled the U.K.’s Serious Fraud Office can move forward with enforcing a claim against seismic device company Güralp Systems for breaching a 2019 deferred prosecution agreement over bribing a South Korean official, according to Risk Journal.
   
• Ben & Jerry’s independent board members accused parent company Magnum Ice Cream of blocking their attempts to appoint a former employee as a director, according to a court filing, the latest sign of tensions between the brand’s board and its owner.
   
• The Commodity Futures Trading Commission has launched an innovation advisory committee under its new chairman, reports Risk Journal, as the derivatives-market regulator looks to further develop rules for an evolving financial market.
   
• Paramount Skydance is planning to nominate directors to the Warner Bros. Discovery board and has filed a lawsuit asking for more financial information as it ramps up its effort to persuade Warner shareholders to vote against the Netflix takeover deal and in favor of its own hostile bid.
   
• New York is preparing to loosen its environmental law to make it faster and cheaper to build housing in the state.
   
• The U.S. Supreme Court has indicated that it may release opinions on Wednesday around 10 a.m. Eastern, sparking fresh speculation that the justices’ ruling in a crucial tariff case is close to hitting.

Trump tells Iranian protesters ‘help is on its way.'

President Trump on two occasions Tuesday told Iranians protesting against their government that “help is on its way,” the latest sign the U.S. might soon take action against a regime that mounting evidence shows has killed thousands of demonstrators during a popular revolt.

The message, delivered first on social media and then in a speech in Detroit, indicated that Trump is on the verge of a fresh intervention in Iran, potentially wading the U.S. into a confrontation with the country to support an uprising against state repression and a flailing economy.

• U.S. to Impose 25% Tariff on Countries Doing Business With Iran, Trump Says
• An Isolated Iran Finds China’s Friendship Has Limits
• Iran’s Gulf Rivals Warn U.S. Against Strike on Tehran

Global economy records stronger growth, but is on course for a weak decade, says World Bank.

The global economy is set to grow more rapidly than previously expected in the face of President Trump’s tariff hikes, thanks in part to a U.S. boom in AI investment, but is nonetheless on course for its weakest decade in half a century, the World Bank said Tuesday.

While the global economy has adjusted to a series of shocks that include the Covid-19 pandemic and the fallout from Russia’s full-scale invasion of Ukraine more successfully than anticipated, the big shocks keep on coming. The result is that the global economy is now on course for its weakest decade of growth since the 1960s, according to the World Bank, which expects global output to expand by 2.7% in 2027.

• Jamie Dimon on Tuesday defended the Federal Reserve after it was subpoenaed by the Justice Department, saying that “anything that chips away” at the central bank’s independence “is not a good idea.”
   
• President Trump’s assertion that the U.S. must own Greenland to expand its defenses there runs counter to decades of policy and undermines the deterrence of its global network of bases and alliances, say former American military and diplomatic officials.
   
• The market for premium cards is already hot. President Trump’s call for a temporary cap on credit-card interest rates could make it hotter.
   
• Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung are displaying unity amid rising Chinese pressure and U.S. trade shifts.
   
• The Wall Street Journal takes an in-depth look at the unraveling of Apple’s credit-card partnership with Goldman Sachs.

Oracle hack still generating ransom demands.

A growing number of companies are facing ransom demands from hackers who stole sensitive data through security flaws in widely-used Oracle business software nearly six months ago.

The breach, which exposed personal and financial data stored in Oracle E-Business Suite software, bore the hallmarks of an online extortion group known as Clop—a name derived from a Russian term for bed bug, cybersecurity experts said. The group is also known as Lace Tempest, Gold Tahoe and other aliases.

Oracle disclosed the breach in October and issued software patches designed to prevent further leaks. By then, data at more than 100 companies had likely been accessed in the attack, which may have begun as early as July, cybersecurity experts say. Oracle declined to offer further details on the breach.

• Iranians are using Elon Musk’s Starlink service to share protest videos globally, despite government jamming and confiscation efforts.
   
• The Pentagon has told lawmakers that it chose an aircraft painted in civilian colors to carry out a lethal Sept. 2 strike on an alleged drug boat in the Caribbean because the unit could be the quickest ready for the operation—not because it was trying to deceive the targets, according to a U.S. official and a congressional aide.
   
• President Trump said the U.S. economy was poised for solid growth this year, pointing to steadying inflation data as he sought to address one of Republicans’ biggest vulnerabilities ahead of this year’s midterm elections.
   
• At least six prosecutors have resigned from the U.S. attorney’s office in Minnesota over the Trump administration’s handling of the federal investigation into the killing of a woman by an ICE agent, according to people familiar with the matter.
   
• The value of a cryptocurrency launched Monday by former New York City Mayor Eric Adams went into free fall after one of its creators pulled about $2.5 million from the project hours after its debut, according to blockchain analysts.

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