Illinois' Interchange Fee Prohibition Act remains tied up in court as industry experts warn that the law could create unnecessary complications for businesses. The law prohibits credit card issuers from charging interchange fees on portions of transactions, including taxes and gratuities. While supporters claim the transition will be easy, financial institutions and business advocates argue otherwise.
BMW’s conservative approach to electric vehicle (EV) adoption—investing in platforms that accommodate internal-combustion, hybrid, and electric powertrains—is paying off as the company navigates the complex transition to electrification.
Reports of impending U.S. Immigration and Customs Enforcement (ICE) raids under President Donald Trump have caused widespread fear among illegal aliens, leading to a significant drop in foot traffic in Chicago's Little Village neighborhood. Known as the "Mexico of the Midwest," the area’s shops and taquerias have seen sales plummet as residents stay indoors to avoid potential encounters with ICE agents.
Popular YouTuber Jimmy Donaldson, known as MrBeast, announced his intention to purchase TikTok in collaboration with a group of investors. The move comes as President Donald Trump extended the deadline for ByteDance, TikTok’s Chinese-based parent company, to divest its U.S. operations within 75 days to avoid a ban on the platform.
CNN, a division of Warner Bros. Discovery, plans to lay off hundreds of employees this week as part of a strategy to refocus its business around a global digital audience, according to a CNBC report on Wednesday.
On his second day in office, President Donald Trump addressed the H-1B visa program, acknowledging both sides of the contentious debate while emphasizing the need for "competent people" to contribute to the U.S. workforce. Speaking at a White House press event with CEOs Larry Ellison (Oracle), Masayoshi Son (Softbank), and Sam Altman (OpenAI), Trump described the importance of skilled immigration for economic growth while refraining from endorsing an expansion or reduction of the program.
President Donald Trump revoked the security clearances of 51 former intelligence officials who signed a letter claiming Hunter Biden's laptop was part of a "Russian information operation."
The nonprofit public interest law firm National Security Counselors (NSC) is set to file a lawsuit against the Department of Government Efficiency (DOGE), according to a report from The Washington Post.
The Department of Health and Human Services (HHS) ended funding for EcoHealth Alliance and its former President, Dr. Peter Daszak, for its involvement in gain-of-function research.
