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Supreme Court Decision Could Force Trump to Refund $133.5 Billion in Tariffs

Key Points The Supreme Court is set to rule on the legality of Trump's tariffs imposed under the IEEPA. If the court rules against the administration, it could be required to refund more than $133.5 billion to importers. The tariffs in question include "reciprocal" duties and punitive tariffs imposed on countries such as China, Brazil, and India. President Trump has...

Morgan Stanley Becomes First Big US Bank to File for Crypto ETFs

Key Points Morgan Stanley is the first major U.S. bank to file for its own crypto ETFs. The bank plans to launch funds linked to the prices of bitcoin and Solana. This move is a sign of growing mainstream acceptance of cryptocurrencies. The regulatory environment under President Trump has encouraged banks to embrace digital assets. Many investors prefer ETFs for...

Italy Ends Investigation into Chinese AI DeepSeek After It Agrees to Add Warnings

Key Points Italy's antitrust regulator (AGCM) has closed its investigation into the AI system DeepSeek. The investigation was about whether DeepSeek adequately warned users about the risk of "hallucinations" or false information. DeepSeek agreed to binding commitments to make its disclosures more transparent and immediate. The AGCM approved the proposed changes and closed the case. Italy's antitrust authority has dropped...