+ Trump moves to ease marijuana regulations.

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The Afternoon Docket

The Afternoon Docket

A newsletter by Reuters and Westlaw

 

By Sara Merken

What's going on today?

  • President Trump signed an order recommending the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy. Here’s a look at what that would mean for people shopping at dispensaries across the country. 
  • Instacart agreed to pay $60 million to settle the FTC’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers.
 

Hogan Lovells and Cadwalader plan merger to create law firm with $3.6 bln in revenue

 

REUTERS/Andrew Kelly

Global law firm Hogan Lovells and New York-based Cadwalader, Wickersham & Taft have agreed to merge, creating a combined group with 3,100 lawyers and $3.6 billion in annual revenue.

The merger will bring together Hogan Lovells' international business and finance clientele with that of Wall Street's oldest law firm, they said. The proposed transaction is subject to a partnership vote, set to be held in 2026.

The firms said the deal, which follows a string of major transatlantic and U.S. law firm tie-ups, would create the world's fifth largest law firm by revenue.

This week alone, Winston & Strawn and Taylor Wessing said they expect to combine in May, and Spencer Fane said it will enter New York through a combination with Golenbock Eiseman Assor Bell & Peskoe in February. Ashurst and Perkins Coie said last month that they plan to merge in the third quarter of next year.

Read more about the deal to create Hogan Lovells Cadwalader.

 

More top news

  • Trump administration imposes sanctions on two more ICC judges
  • US judge rejects LinkedIn antitrust settlement, citing ‘serious problems’
  • Banks win bid to block $3.6 billion mass forex UK lawsuit
  • Compass-Anywhere brokerage deal would hurt homebuyers, US Senators say
  • Lucasfilm wins bid to throw out UK lawsuit over 'resurrection' of 'Star Wars' character
  • Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU
  • Instacart to pay $60 million to settle FTC claims it deceived shoppers
  • Trump moves to ease US marijuana regulations, sparking industry hopes
  • Trump moves to ease cannabis restrictions - what does it mean for consumers?
 
 

RFK Jr proposes rules to cut US children's access to gender-affirming care

 

REUTERS/Ken Cedeno/File Photo

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr moved to cut access to gender-affirming care for children, proposing rules that would bar hospitals that deliver such care from Medicare and Medicaid programs and also prohibit Medicaid and children's health programs from paying for it.

Ahmed Aboulenein has more about the proposal here.

 

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In other news ...

President Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies … Pope Leo replaced Cardinal Timothy Dolan as leader of the Catholic Church in New York in a major shake-up of the country's Catholic leadership … A UPS-owned company plans to deploy AI to spot fakes amid a surge in holiday returns … U.S. consumer prices rose less than expected in the year to November, but households still faced affordability challenges. Plus: They quit government to protest Trump. Now they are running for Congress to stop him.

 
 

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