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The Morning Risk Report: Corruption or Just Politics? Supreme Court Weighs New Bribery Case as More Clashes Are Brewing
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Good morning. The Supreme Court for years has been making it more challenging for prosecutors to bring corruption cases against public officials, guided by the belief that some of the dealmaking and fundraising in the political realm is unseemly but not illegal.
A new batch of cases making their way through the courts shows that where to draw the line remains in flux.
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The latest case: The Supreme Court on Monday heard a case that examines the viability of prosecutions against officials who take gratuities after performing actions that helped their benefactors. The case arises from an appeal by James Snyder, the former mayor of Portage, Ind., who was convicted of bribery in 2021.
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The defense: Lisa Blatt, a lawyer for Snyder, said the prosecution’s theory would potentially criminalize all sorts of thank-you gifts that constituents give to public officials, as well as campaign contributions made in recognition of an official’s past actions. “Congress did not plausibly subject all of these people to 10 years in prison just for accepting gifts,” Blatt told the court.
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Track record: The latest case comes on the heels of Supreme Court rulings last year that threw out a pair of corruption convictions stemming from the tenure of former Democratic New York Gov. Andrew Cuomo. In 2020, the Supreme Court also unanimously tossed a pair of public-corruption convictions in the New Jersey scandal known as Bridgegate. And in a unanimous 2016 ruling, the court invalidated the conviction of former Virginia Gov. Bob McDonnell.
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Content from: DELOITTE
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Life Sciences: Deciphering Fair Market Value for Digital Opinion Leaders
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Compensation arrangements between life sciences companies and digital opinion leaders require a new calculus that considers online engagement metrics, compliance, and updated fair market value calculations. Keep Reading ›
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Critics of Live Nation’s merger with Ticketmaster say it has stifled competition in ticketing and that the company should be broken up. PHOTO: JOE RAEDLE/GETTY IMAGES
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Justice Department to file antitrust suit against Live Nation.
The Justice Department is preparing to sue Live Nation as soon as next month, an antitrust challenge that could spur major changes at the biggest name in concert promotion and ticketing.
Potential charges. The agency is preparing to file an antitrust lawsuit against the Ticketmaster parent in the coming weeks that would allege the nation’s biggest concert promoter has leveraged its dominance in a way that undermined competition for ticketing live events, according to people familiar with the matter.
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Trump faces deep blue jury pool as hush-money case begins.
Donald Trump’s hush-money trial began Monday in one of the bluest parts of the country, where a jury full of Democrats could decide the presumptive Republican presidential nominee’s fate.
Jury selection in the case, involving the alleged coverup of a payment to buy a porn star’s silence, could take a week or more. The presiding judge as well as prosecutors and Trump’s lawyers are expected to question hundreds of prospective jurors to weed out anyone who can’t set aside their views of a former president whose
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The FBI has opened a criminal investigation into the circumstances leading up to last month’s deadly collapse of the Francis Scott Key Bridge in Baltimore, a law-enforcement official said on Monday.
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Embarq won a legal battle against bond investors that claimed that debt issued by the telecommunications firm to fund its leveraged buyout by Apollo Global Management triggered an event of default on an existing bond.
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"[A]ny time you have individuals or corporations trying to capitalize and profit on FOMO, or the “fear of missing out,” around a new technology or offering, it should raise red flags for regulators and compliance professionals alike."
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— SEC Enforcement Division Director Gurbir Grewal
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Smoke billows over the Israel-Lebanon border amid tensions in the area. RABIH DAHER/AGENCE FRANCE-PRESSE/GETTY IMAGES
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Israel’s next move after Iran attack involves complex calculations.
Israel intends to punish Tehran for the drone and missile barrage that represented Iran’s first-ever direct attack on its territory, Israeli officials said, but it faces a difficult challenge of finding a way of doing so that avoids further escalation, preserves the partnership that helped fend off the assault and doesn’t derail its war aims in Gaza.
Israel’s war cabinet met Monday to discuss how and when to respond to Iran’s attack, which Tehran said was in response to the killing by Israel of a senior Iranian general at an Iranian diplomatic building in Damascus, Syria. Israel hasn’t confirmed or denied involvement.
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Taiwanese President-elect Lai Ching-te is preparing to stock his national-security team with holdovers from the current administration, a signal to the U.S. that his incoming government won’t rock the boat too much as the White House grapples with geopolitical crises in Ukraine and Gaza.
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10%
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Share of its global workforce that Tesla plans to layoff as part of a shake-up that reflects a broader cooling in consumer demand for electric vehicles.
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The September cyberattack caused downed systems at MGM’s hotels and casinos for days. PHOTO: MADELINE CARTER/LAS VEGAS REVIEW-JOURNAL/ASSOCIATED PRESS
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MGM seeks to block FTC probe of 2023 cyberattack.
MGM Resorts International sued the Federal Trade Commission, seeking an injunction against an investigative demand in its probe of a September cyberattack against the hotel and casino operator.
The suit, filed Monday in the U.S. District Court for the District of Columbia, seeks FTC Chair Lina Khan’s disqualification or recusal from the investigation. It also alleges that the agency violated MGM’s Fifth Amendment rights and wrongfully applied rules meant for financial institutions in the course of its investigation.
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Goldman Sachs’s first quarter profit jumped 28%, bolstered by strong performance in investment banking and its growing business of managing money and investments for wealthy clients.
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A group of major book publishers have joined a lawsuit seeking to block school book banning in Iowa, the latest effort to counter the removal of works from school classrooms and libraries.
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Hannah Gutierrez-Reed, the armorer in charge of weapons on the set of “Rust” where a cinematographer was fatally shot, was sentenced Monday to 18 months in prison.
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Nearly 200 U.S. colleges and universities held contracts with Chinese businesses, valued at $2.32 billion, between 2012 and 2024, according to a review by The Wall Street Journal of disclosures made to the Education Department.
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