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JP Morgan to pay $18 million fine over whistleblower protection violations -SEC

WASHINGTON (Reuters) -A JP Morgan Chase & Co unit will pay a $18 million civil penalty to settle charges it violated whistleblower protection rules, the U.S. Securities and Exchange Commission said on Tuesday. J.P. Morgan Securities LLC impeded “hundreds of advisory clients and brokerage customers from reporting potential securities law violations” to financial regulators, the …

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US Supreme Court sidesteps fight over transgender student bathroom access

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear an Indiana public school district’s defense of a policy barring transgender students from using bathrooms corresponding with their gender identity, as the justices steered clear – at least for now – of a contentious issue in the nation’s culture wars. The …

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US Supreme Court rejects Alaska’s bid to let state workers avoid union dues

By Daniel Wiessner The U.S. Supreme Court on Tuesday turned away Alaska’s bid to revive a Republican-backed policy to make it easier for state workers to opt out of paying union dues in the latest case aimed at limiting the influence of unions representing public-sector employees. The justices declined to hear the state’s appeal of …

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Restaurant Brands beefs up Burger King US turnaround with $1 billion Carrols deal

By Juveria Tabassum and Deborah Mary Sophia (Reuters) -Restaurant Brands will take full control of Carrols Restaurant Group in a deal that values the largest U.S. Burger King franchise at about $1 billion, accelerating a turnaround for the Canadian firm’s franchise model. The quick-service restaurant chain operator has rolled out a program to move away …

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Trump-linked stocks jump after former president’s emphatic win in Iowa Republican contest

By Medha Singh (Reuters) -Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump’s social media platform public, rose on Tuesday following his victory in the first Republican contest in Iowa for 2024 presidential race. The stock rose 15% to $19.76 as the win strengthened Trump’s case that …

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US lawmakers reach $78 billion tax deal for businesses, families

WASHINGTON (Reuters) -Congressional negotiators have agreed on a nearly $80 billion bipartisan deal providing tax benefits geared toward businesses and low-income families, the leaders of the Senate Finance and House Ways and Means committees said on Tuesday. The $78 billion package would temporarily expand the Child Tax Credit and boost the low-income housing tax credit …

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Honeywell’s quantum computing firm valued at $5 billion after latest fundraise

(Reuters) – Honeywell International said on Tuesday its quantum computing company, Quantinuum, was valued at $5 billion after a $300 million equity funding round, anchored by JPMorgan Chase. Mitsui & Co and Amgen also participated in the latest round, which took the total capital raised by Quantinuum since inception to about $625 million. Companies are …

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