Regulation
Every Sainteur story on regulation, newest first.
Canada gave Stellantis 30 days to address the Brampton plant sale
Industry Minister Mélanie Joly says the automaker is on the hook for hundreds of millions of dollars, without naming a figure, after it agreed to sell the idle Ontario plant.
Jane Kim plans 70% and 65% insurance loss ratio minimums
Jane Kim declared herself the winner of the California Insurance Commissioner race after Ben Allen called to concede on Nov. 6. Her campaign plans minimum loss ratio standards of 70% for auto insurance and 65% for homeowners insurance, over rolling three-year periods.
Two senators are right to ask HHS about bets on clinical trials and FDA approvals
Their letter covers Kalshi contracts in the United States and Polymarket contracts on an international exchange. Kalshi said it limited the markets when it launched them in July.
United Airlines is restricting unauthorized AI agents from booking flights
United Airlines ($UAL) is restricting unauthorized third-party AI agents from booking flights, citing privacy risks and warning that automated AI check-in could violate FAA and DOT rules. AI can still be used to plan trips if it does not access united.com or the United app.
Chinese university on the U.S. Entity List bought two Nvidia H200 chips, Reuters reports
An October 21 notice from Northwestern Polytechnical University's School of Management named Shaanxi Bosuan Network Technology as the supplier of two H200 141G PCIe cards for 874,700 yuan. Reuters put that at about $123,000 and said the university also rented more H200 access.
Western Union sends Intermex a termination notice; Intermex rejects it
Western Union sent a termination notice after California’s DFPI issued conditions Western Union called unacceptable. The 2025 deal was $16.00 a share. Intermex rejected a purported termination and will pursue its remedies including specific performance and substantial damages.
NHTSA is asking whether Waymo's school-bus software recall did the job
NHTSA opened a recall query into Waymo after finding that a majority of reported school-bus passings came after a November 2025 software update. A query into whether that fix worked is not a closed case.
Democrats prepare oversight of Musk's DOGE role and companies
House and Senate gavels arrive in January, with planned probes of DOGE data access and whether Musk's companies benefited from his government role; Texas's incoming AG has pledged to scrutinize Starlink broadband grants.
NHTSA opens probe into more than 1.2 million Ford Explorers after reports of airbag burns
NHTSA said it opened a preliminary evaluation covering more than 1.2 million Ford ($F) Explorers after receiving eight complaints and four early warning reports alleging burn injuries. The agency said some law enforcement officers in Ford Explorer Police Interceptor vehicles suffered second- or third-degree burns after side-airbag deployments.
Avalanche to be core ledger for clearing on NYSE-affiliated 24/7 tokenized securities platform
Ava Labs says Avalanche is the core ledger for the clearing firm; the Journal reported exclusive Avalanche settlement on the exchange's planned round-the-clock venue, pending approvals.
Coinbase gets full federal trust charter for crypto custody
The charter follows April's conditional nod and excludes ordinary retail deposits and traditional lending at the trust bank; New York custody migrates over three years.
Nvidia's board met overnight to decide whether to oust CEO Jensen Huang
CNBC said Thursday that, so far, no outcome had been announced from the meeting. It followed a Journal report that the board was preparing to fire him and a Times report of a relationship with an executive who reported to him.
China blocks SoftBank's takeover of ABB's China robotics arm as FT cites AI data fears
It's the second major deal China has blocked this year, after Meta's Manus purchase, and SoftBank is weighing whether to try again.
OpenAI wants regulators to make large power users cover the grid costs they create
The new compact's commitments cover only future campuses OpenAI owns and operates, and the company also wants Congress to speed up transmission upgrades and clean-power incentives.
Democrats poised to take Congress as Wall Street braces for hearings more than new laws
Rep. Maxine Waters and Sen. Elizabeth Warren are expected to lead the House and Senate banking panels, with the power to set hearings, pick witnesses and issue subpoenas.
CVS Health plans to split into two companies, separating its pharmacies from Aetna
CVS Health plans to separate its roughly 9,000 drugstores from Aetna and Caremark, the Wall Street Journal reported, with the split planned for the first half of 2028.
Democrats win the House and Senate, and investors weigh what it means for AI and taxes
Bonds won the morning as investors bet gridlock will slow government spending and a Democratic Congress will look harder at AI.
US exchanges can now offer crypto-style perpetual futures on individual stocks
The CFTC says no-expiry futures on single stocks can trade under joint CFTC and SEC oversight, after this year's first US bitcoin perp.
China has told banks to pause new stock listings as markets slide, the FT reports
Reuters couldn't verify the Financial Times report of informal guidance, and the WSJ describes a narrower step that lets deals already in process continue.
North Korea denies stealing $6 billion from Binance after the FBI blamed its hackers
Elliptic now says launderers minted six NEAR memecoins to move about $430,000 in stolen funds so they look like trading profits.
NYSE owner ICE plans a US market for Hyperliquid-based perpetual futures
ICE would run a new regulated retail market and clearing structure for Trade[XYZ]'s perps and make a strategic investment in the company. The market needs CFTC and other approvals, and no launch date has been set.
Warren presses Anthropic on the ‘existential’ AI risks in its own IPO filing
The Senate Banking Committee's top Democrat sent Dario Amodei 10 multipart questions on safety and market risk, citing the risk factors in Anthropic's S-1.
CFTC is reportedly probing Polymarket again over US users on its offshore platform
The probe, part of a broader CFTC inquiry opened this year, is examining Polymarket's location controls and US advertising, according to people familiar with the matter. The CFTC and Polymarket declined to comment to Reuters.
CFTC sues Utah, saying the state is trying to shut down prediction markets
The agency says federal law preempts Utah's efforts against CFTC-registered exchanges. The court has yet to weigh in, and Utah won an earlier round against Kalshi.
NBA signs a prediction-market integrity pact that, per its own text, binds no one
The league's Oct. 26 deals give Kalshi and Polymarket NBA marketing rights. Its memorandum with the CFTC creates no legally binding obligations and leaves information sharing to each side's discretion.
Tesla's supervised FSD is approved in Latvia, the tenth EU country to sign on
Tesla ($TSLA) says its supervised driver-assist system is now approved in Latvia, with the rollout to begin soon, according to Tesla Europe on X. Latvia is the tenth EU country to back the Dutch approval, eletric-vehicles.com reported.
Alaska gas startup Polar LNG loses its top executives over alleged secret Russian funding
Former CEO Joel Riddle and other executives say sanctioned Novatek was quietly bankrolling the North Slope project. Polar LNG says Riddle was fired for cause and that it complies with U.S. law.
A Senate Democrat wants Tether's records on payments to Bo Hines' consulting firm
Sen. Richard Blumenthal sent letters to Tether and Nxum Group, citing Wall Street Journal reporting on payments made while Hines advised the White House on crypto. Tether says an internal investigation by outside counsel found no evidence of wrongdoing.
Tokenized stock trading topped $37 billion last quarter, and one token did much of the work
Dune says onchain trading of tokenized stocks and ETFs grew almost 18x since January. Its own dashboard shows a single BNB Chain token in about half the recent volume, in trades Dune says look programmatic or incentive-driven.
AI helped find critical PHP flaws, and a leak forced a rushed fix
Wiz and Calif found the PHP2Shell bugs with help from AI models, and PHP patched a day early after a leak. Now PHP has flagged a further flaw the patch doesn't fix, and officials say to take systems offline if they can't patch.
Musk's public cheerleading created a "mess" for SpaceX-Tesla merger talks, Reuters reports
Musk recused himself from the merger committees, then called the deal a good idea. Reuters' source says that raises questions about whether Tesla shareholders are fairly represented, with SolarCity's long legal fight in mind.
Alibaba slides as China's market regulator leans on online platforms over product quality
China's market regulator pressed Taobao's parent and its rivals to act as product-quality "gatekeepers." It outlined no immediate measures, but Alibaba's Hong Kong shares had their steepest intraday drop in two months, Investing.com reported.
OCC finalizes stablecoin rules under the GENIUS Act, effective Jan. 18, 2027
The bank regulator's final rule sets requirements for stablecoin issuers and custody. Existing US issuers that file a substantially complete application by Jan. 18, 2027, can generally expect waivers from the prior-approval requirement, but the application window isn't open yet.
Goldman, Microsoft and Alphabet object to OKX-ICE trading tokens of their shares
Seven more companies, including Microsoft, Alphabet and Goldman Sachs, have objected to tokenized versions of their shares on OKXICE, the planned 24/7 venue from OKX and NYSE parent ICE.
US orders DeepSeek out of federal civilian agency systems, including products built on it
A Homeland Security order bars civilian agencies from buying DeepSeek products and requires removal of DeepSeek-based tools, including third-party ones. China's foreign ministry objected.