If you’ve been keeping an eye on the news, it might feel like corporate sustainability is in trouble. Stories about companies walking back their climate commitments seem to be everywhere—fueled by a mix of economic strain, shifting regulations, and political uncertainty. It’s easy to get the impression that businesses are losing their nerve when it comes to climate action.
Robinhood may have expected a slam dunk with its new prediction markets hub, but now it’s drawing full-court press from Massachusetts regulators. The popular trading app is under investigation by the office of Massachusetts Secretary of the Commonwealth Bill Galvin, after launching a new feature that lets users bet on the outcomes of events—starting with NCAA March Madness basketball games. The hub, which went live on March 17, invites users to buy and trade contracts tied to the likelihood of specific outcomes, from sports scores to Fed interest rate decisions.
As the world continues to grapple with a rapidly changing geopolitical landscape and the persistent threat of cyber attacks, financial institutions in Denmark are facing a unique set of challenges. While these concerns are growing, one thing is clear—confidence in the stability of Denmark’s financial system remains remarkably high. A recent survey conducted by the Danish Financial Supervisory Authority (Finanstilsynet) shows that geopolitical issues and cyber risks are at the top of the list for what’s keeping Denmark’s financial firms awake at night.
Live Nation Entertainment, the powerhouse behind Ticketmaster, has agreed to a $20 million settlement over accusations made by its shareholders. The settlement, still subject to court approval, comes as part of a class action lawsuit that claims the company misled investors about its competition strategies and potential antitrust risks—allegations that have been hanging over the company like a storm cloud.
The Financial Crimes Enforcement Network (FinCEN) has just issued an interim final rule that revises key aspects of the Corporate Transparency Act. As of now, U.S. companies and U.S. persons will no longer need to report their beneficial ownership information (BOI) to FinCEN. Instead, the new focus is squarely on foreign companies doing business in the United States, with a clearer framework that streamlines compliance requirements.
Over the weekend, DNA testing giant 23andMe made a staggering announcement that it was filing for Chapter 11 bankruptcy. While the company has certainly faced its fair share of challenges, the core issue here is far from just bad business decisions. At the heart of this struggle lies the fallout from a devastating data breach, which serves as a painful reminder of just how costly cybersecurity risks can be.
UK competition watchdog fines BT, IMG, ITV, and BBC £4.2M for illegal coordination of freelancer pay rates in sports production. Sky avoided penalties as a whistleblower, while the investigation revealed deliberate wage suppression for freelancer workers such as camera operators, sound staff, and production directors.