Diligent has acquired 3rdRisk, an AI-native third-party risk management provider based in the Netherlands, as part of a move to expand its capabilities in vendor and supplier risk oversight.
Italy’s competition watchdog has opened a broad market investigation into how large-scale grocery retailers shape pricing and value distribution across the agri-food supply chain, as food prices continue to rise faster than inflation and farmers report mounting pressure on margins.
The UK’s online safety regulator Ofcom has opened a fresh set of investigations under the Online Safety Act, sharpening its focus on how platforms assess and manage risks tied to AI-driven services and illegal content. The actions target X over the use of its Grok AI chatbot, as well as Novi Ltd’s AI companion chatbot service, while also highlighting how regulatory pressure has already forced Snapchat to rethink its approach to illegal content risks.
The Federal Trade Commission has finalized a far-reaching settlement with General Motors and its connected-vehicle subsidiary OnStar, closing a case that puts the fast-growing connected car economy squarely in the regulator’s sights.
The European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA) signed a new Memorandum of Understanding with the Bank of England, the Prudential Regulation Authority, and the Financial Conduct Authority, formalizing how they will work together to oversee critical ICT third-party service providers under the EU’s Digital Operational Resilience Act.
Affiliates of Kaiser Permanente have agreed to pay $556 million to resolve federal allegations that they improperly inflated Medicare Advantage payments by submitting unsupported diagnosis codes, the Justice Department announced Wednesday.
The European Securities and Markets Authority published a second thematic note on sustainability-related claims, this time homing in on how firms describe ESG strategies in their communications. The focus is squarely on two of the most frequently used, and most inconsistently explained, terms in the market of ESG integration and ESG exclusions.