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Corporate Spotlight
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OpenAI is introducing a tailored ChatGPT experience specifically for teens under 18, automatically directing identified minors to a version that restricts access to graphic and sexual content. The move comes amid increasing regulatory scrutiny and concerns about the impact of AI chatbots on younger users, with OpenAI emphasizing the importance of significant protections for this age group.
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Institutional investors, including pension funds, hedge funds and asset managers, are expected to strongly oppose President Donald Trump's proposal to end quarterly earnings reports. Many rely on frequent disclosures to closely monitor company performance and manage risk. Investors argue that quarterly updates are essential for tracking developments and making informed decisions, especially during volatile periods.
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Universal Pictures, The Walt Disney Co. and Warner Bros. Discovery have filed a copyright infringement lawsuit against Chinese AI firm MiniMax, alleging its Hailuo AI service generates images and videos of famous characters such as Darth Vader without permission. The lawsuit seeks to prevent further infringement and claims up to $150,000 in damages per work.
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 | Quality Built In. Risk Left Out. If you're using DevOps Center, you've already taken a big step toward scalable Salesforce delivery. But without testing built into your pipeline, speed can quickly become a risk. That's why Salesforce and Copado are teaming up. Join Salesforce and Copado on September 24th at 1PM EST to learn how Copado Robotic Testing integrates seamlessly with DevOps Center. Register now! |
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National News
The House passed two bills aimed at toughening penalties for young people charged with and convicted of crimes in the District of Columbia. One bill would lower from 16 to 14 the age at which youths can be charged as adults in certain cases. The other bill would limit the availability of reduced sentencing under the D.C. Youth Rehabilitation Act to people age 18 and younger, down from the current maximum age of 24.
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House Republicans have narrowly voted to extend President Donald Trump's authority over tariffs through March, effectively blocking challenges to his global tariff declarations. The measure passed 213-211 after Republican leaders persuaded holdouts by promising to shorten the block's duration in a future bill. Speaker Mike Johnson, R-La., defended the decision, saying Congress will exercise its authority when appropriate.
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Financial and Tax Update
US District Judge Gregory Van Tatenhove ruled in favor of the Federal Reserve's rule that limits debit card interchange fees to 21 cents per transaction. The decision comes in a lawsuit brought by a restaurant in Frankfort, Ky., challenging the rule. In August, a federal judge in North Dakota ruled against the Fed's cap in a separate case and stayed his decision to give the Fed an opportunity to appeal.
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The Federal Reserve announced a quarter-point reduction to a key interest rate and indicated that additional cuts are likely coming before the end of 2025. The reduction is the first since December and brings the overnight funds rate to a range between 4% and 4.25%. "In this less dynamic and somewhat softer labor market, the downside risks to employment appear to have risen," said Fed Chair Jerome Powell.
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House Republicans plan to combine the CLARITY Act, which would overhaul cryptocurrency regulation, with a bill that would prohibit the Federal Reserve from creating a central bank digital currency, after both bills gained House approval separately in July. The move aims to appease Republican hard-liners, but it faces challenges in the Senate, where a different crypto market structure bill, the Responsible Financial Innovation Act, is expected to be advanced.
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PLI Resources
Earn up to 3.5 credits. This program will focus on the Federal Rules of Evidence. On Sept. 26, learn to apply best practices and analyze strategic considerations for handling evidence at trial, including developing evidentiary issues around AI.
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Earn up to 11 credits. The digital revolution marches on. Technology continues to evolve at an unprecedented pace, with significant advancements in AI, regulatory and case law developments, and changes to industry "best practices." It is crucial for legal practitioners to be aware of and understand how these changes impact their clients' businesses and their practice of law. Launch this "informative and entertaining" program on demand, anywhere, anytime.
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Supreme Court and Federal Court Watch
The Justice Department filed a lawsuit alleging that Maine and Oregon violated federal laws by refusing to submit electronic copies of the states' voter registration lists and information about how they conduct maintenance of those lists. Previously, Oregon Secretary of State Tobias Read told the department that violations of voters' constitutional right to privacy would occur if the state shared data such as their home addresses, birth dates, and driver's license number or partial Social Security number.
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ICYMI: The most popular stories from our last issue
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