Deregulation for the largest US banks, including Bank of America, Citigroup, Goldman Sachs and JPMorgan, are among the key 2H catalysts that BI litigation and policy analysts are watching. In this litigation and policy midyear outlook episode, the team also discusses key crypto legislation and why tech companies like Alphabet, Amazon.com, Apple and Meta will continue to face heightened antitrust enforcement. Other catalysts include an anticipated Supreme Court ruling likely holding US reciprocal tariffs unlawful. AI copyright cases may start going against LLMs. Nexstar and other US broadcasters could win a major victory, with the FCC expected to ease or eliminate media caps. BNP Paribas likely settles a Sudan genocide class-action and Swedbank likely incurs money-laundering penalties.

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The One Big Beautiful Bill is the key policy catalyst Bloomberg Intelligence analysts are watching this week. The bill likely hands wins to Apple, Disney, Alphabet and Boeing by locking in an offshore safe harbor and restoring foreign tax credits while shielding foreign entities from IRS scrutiny. REITs are also a big winner. First Solar, Nextracker, Array, Shoals and US solar peers are in line for a boost to domestic demand over the coming year as developers rush to break ground and qualify for tax credits. Medicaid cuts and an end to ACA subsidies will be a headwind for some insurers, provider-tax changes might not become a reality and orphan drugs likely benefit from IRA changes. State AI regulations survive for now but Congress shows it wants a light touch. Congress is restoring FCC power to hold auctions of wireless licenses.

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Key court rulings on June 23 and 25 in cases against Anthropic and Meta over the use of copyrighted material in large language models are among the catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The decisions are also relevant for Google, Microsoft, the New York Times, OpenAI and others. The team also discussed the outlook for antitrust enforcement of M&A under US President Donald Trump, with ramifications for several pending deals, such as Dick’s Sporting Goods-Foot Locker, Charter-Cox and Google-Wiz. CVS and Cigna Express Scripts are challenging an Arkansas law that would ban operators of pharmacy benefit managers from holding pharmacy licenses. Finally, we discussed the outlook for FCC deregulation, including removal of broadcast caps, with implications for Nexstar, Sinclair and Tegna.

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Swings in US tariff policies have convulsed markets and kept trading partners on edge, and court rulings might only be adding to the uncertainty. Stanford law professor Alan Sykes joins Bloomberg Intelligence litigation analyst Holly Froum to discuss May 28-29 rulings by the US Court of International Trade and Federal District Court of Washington DC striking down tariffs imposed on China, Canada and Mexico, and reciprocal tariffs. Professor Sykes examines the rulings, next steps, whether a continuation of a stay granted by the appellate courts presages reversal, what could happen on appeal and more in this Votes & Verdicts podcast.

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An update on the GENIUS Act stablecoin bill making its way through Congress — which is important to companies like Coinbase, Robinhood and Circle — was among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed potential bills to increase credit-card competition and cap credit-card fees, which could affect Visa, Mastercard, American Express and Discover. We also discussed pending motions to dismiss in a pair of antitrust cases - one by Texas and other red states against BlackRock, Vanguard and State Street alleging collusion to reduce coal output, and the other a Justice Department monopolization case against Visa over debit transactions. Finally, we discussed the status and outlook of lawsuits challenging US “Liberation Day” and fentanyl-related tariffs.

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The June 3 lifting of Wells Fargo’s asset cap imposed by the Federal Reserve in 2018 was among the key catalysts Bloomberg Intelligence analysts examined this week. BI’s litigation and policy team also discussed Michelle Bowman’s confirmation as Fed vice chair of supervision and what it means for deregulatory efforts for banks like JPMorgan and others. We also discussed closing arguments in the Justice Department’s antitrust case against Google over search, and the possible remedies the company might face, as well as the TikTok ban and what might happen as President Donald Trump’s order putting the ban on hold expires June 19. Last, we discussed FCC Commissioner Nathan Simington’s resignation and what it means for deregulatory efforts that might affect broadcasters like Nexstar, Sinclair, Tegna and Fox.

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Court rulings on May 28 and 29 deeming unlawful US tariffs on China, Canada and Mexico and reciprocal tariffs — with ramifications for retailers like Nike, automakers such as Ford, tech companies including Apple, and other sectors — are among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed President Donald Trump’s social-media posts about Fannie Mae and Freddie Mac and the complexities of exiting conservatorship and government ownership. Finally, they examined the FTC dropping its price discrimination case against PepsiCo.

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The passage of the Republicans’ tax-cut bill in the House and what happens next — with ramifications for multinational corporations, clean-energy companies like First Solar, and wireless carriers such as AT&T, T-Mobile and Verizon — are among the key catalysts Bloomberg Intelligence litigation and policy analysts are watching this week. The team also discussed stablecoin legislation advancing in the Senate and plans to attach credit card bills to it, with implications for card networks including Visa, Mastercard, American Express, and Capital One/Discover. We also discussed the hurdles to Fannie Mae and Freddie Mac exiting conservatorship and government ownership. Finally, we discussed the several lawsuits challenging US tariffs.

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