Cryptolaw

Novo Nordisk A/S is suing rival drugmaker Eli Lilly & Co. for showing what it calls misleading ads about obesity drugs in the US. Novo says Lilly is using outdated information when comparing Novo's Wegovy to Lilly's Zepbound. John Kuckelman, Novo Nordisk Group general counsel and senior vice president, speaks on "Bloomberg Open Interest." Lilly says in a statement to Bloomberg that it's ads are "truthful" and "transparent" and the company will defend "vigorously" against the Novo lawsuit.  (Corrects spelling of Novo Nordisk)

Apple and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Mark Gurman reports on "Balance of Power."

During a tense exchange, US Senator Elizabeth Warren challenges Federal Reserve Chairman Kevin Warsh over allegations of a longstanding culture of corruption and ethical lapses within the central bank, particularly focusing on personal stock trading by senior officials.

FCC Chairman Brendan Carr says it's "hard to see" a legitimate antitrust action against the Paramount Skydance purchase of Warner Bros. Discovery. He speaks on "Bloomberg Tech."

Apple sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. Apple alleges that OpenAI encouraged Apple employees to share information, components, drawings and other materials related to upcoming products. Mark Gurman reports.

Nobel laureate Paul Krugman, a research professor at the City University of New York's Graduate Center, says all jobs data is "noisy" when reacting to the June US employment report. Speaking on "Bloomberg The Close," Krugman also says he is "disturbed" by Federal Reserve Chairman Kevin Warsh's point of view on monetary policy and warns that the Supreme Court's Trump v. Slaughter ruling gives too much discretionary power to President Donald Trump.

The Singapore International Commercial Court (SICC) awarded more than US$3 million to 40 investors after finding Terraform Labs and Do Kwon liable for fraudulent representations about TerraUSD (CRYPTO:UST) during its May 2022 collapse.

Former FTC Commissioner Rebecca Slaughter says the US Supreme Court's decision to expand President Donald Trump's power to fire top government officials is "disturbing" and a "massive transfer of power from Congress to the President." She speaks on "Balance of Power."

A divided US Supreme Court struck down President Donald Trump's planned restrictions on birthright citizenship, saying an executive order Trump issued hours after his inauguration last year couldn't be squared with the Constitution's 14th Amendment. Tyler Kendall reports on Bloomberg Television.

Skilled immigrants who obtained an education and built careers in the US are increasingly wondering whether, amid restrictive US policies, opportunities they sought in America can be had elsewhere.