Blocks

US Judge Blocks $3.8 Billion Merger: Spirit Airlines Stock Plummets, JetBlue Shares Sink

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Miami, Florida – Shares of Spirit Airlines, an ultra-low-cost carrier, dropped 10% in premarket trade on Wednesday following a U.S. judge’s decision to block the airline’s $3.8 billion merger with rival JetBlue Airways. The judge agreed with the U.S. Department of Justice’s argument that the merger would harm ticket buyers, causing Spirit’s stock to lose nearly half of its market value. Meanwhile, JetBlue shares also fell by 1.3% before the bell, in line with other airline stocks. This ruling is seen as a favorable outcome for JetBlue, as Spirit’s business performance has declined since the … Read more

Trump Delivers Aggrieved Remarks in Fraud Trial as Judge Blocks Closing Statement

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NEW YORK — Former President Donald Trump delivered a defiant closing statement in a Manhattan courtroom on Thursday as he fought against a $370 million penalty and other sanctions in the civil fraud lawsuit brought by the New York Attorney General. Trump, who is also the frontrunner for the 2024 Republican nomination, claimed that the case was a form of election interference and criticized Attorney General Letitia James, whom he accused of harboring a personal vendetta against him. Trump and his legal team presented their final arguments in the case, with James’ office scheduled to … Read more

Federal Judge Temporarily Blocks Controversial Ohio Law Requiring Parental Consent for Children’s Social Media Use

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COLUMBUS, Ohio – A federal judge temporarily halted the enforcement of an Ohio law on Tuesday that would have required children to obtain parental consent in order to use social media apps. The Ohio law is similar to ones signed by Utah Governor Spencer Cox, which prohibit minors from using social media between certain hours and require age verification to open and maintain an account. These restrictions aim to protect children from targeted advertisements and addictive features that can have negative impacts on their mental health. The temporary restraining order was issued after a lawsuit … Read more

Federal Judge Blocks Ohio Law Requiring Parental Consent for Children’s Social Media Use

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COLUMBUS, Ohio – A federal judge has issued a temporary restraining order to halt the enforcement of a pending Ohio law that would require children to obtain parental consent before using social media apps. The order, issued by U.S. District Court Judge Algenon Marbley, came after NetChoice, a trade group representing major tech companies such as TikTok, Snapchat, and Meta, filed a lawsuit arguing that the law violates free speech rights and is overly broad and vague. Judge Marbley stated that while the intention to protect children is commendable, it is unlikely that Ohio will … Read more