+ FDIC countersues Capital One over bank collapses.

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The Afternoon Docket

The Afternoon Docket

A newsletter by Reuters and Westlaw

 

By Sara Merken

What's going on today?

  • Federal judges blocked Texas from using a new congressional map intended to flip several Democratic-held U.S. House of Representatives seats to Republican control in next year's midterm elections.
  • Hewlett Packard is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP's acquisition of his British tech firm Autonomy, the U.S. technology giant's lawyers told London's High Court.
  • Recent grand jury subpoenas for records related to the U.S. intelligence community’s work on Russian interference in the 2016 election, a topic that President Trump has long demanded prosecutions on, are likely to yield little to no new information for prosecutors, according to three sources close to the investigation.
 

Meta defeats antitrust case over Instagram, WhatsApp acquisitions

 

REUTERS/Gonzalo Fuentes/File Photo

Facebook parent company Meta defeated a U.S. attempt to unwind its acquisitions of Instagram and WhatsApp today when a federal judge ruled the company does not hold a social media monopoly. Read the opinion here.

The ruling gives Big Tech its first decisive win against the antitrust crackdown started in President Trump's first term, and is a major setback for the Federal Trade Commission, which is pursuing a separate antitrust case against Amazon. The agency sought to force Meta to restructure or sell Instagram and WhatsApp to restore competition, saying the company spent billions of dollars on the acquisitions to eliminate nascent competitors.

"Our products are beneficial for people and businesses and exemplify American innovation and economic growth," a Meta spokesperson said. "We look forward to continuing to partner with the Administration and to invest in America." The FTC did not immediately respond to a request for comment.

Read more from Jody Godoy and Mike Scarcella.

 

More top news

  • US lawmakers to vote on Epstein files release as Trump drops opposition
  • FDIC countersues Capital One over Silicon Valley, Signature bank collapses
  • US judge weighs if Trump administration can lawfully halt wind projects
  • DOJ subpoenas unlikely to yield new info on Russia probe pushed by Trump, sources say
  • US judge upholds New York law barring immigration agents from courthouses
  • HP seeking $1.8 billion from Mike Lynch's estate after UK Autonomy lawsuit
  • Federal judges block Texas from using new congressional map
 
 

Senator opposes FCC plan to reverse cyber rules adopted after Salt Typhoon attack

 

REUTERS/Dado Ruvic/Illustration

The top Democrat on the Senate Commerce Committee called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S. telecom companies last year.

Senator Maria Cantwell of Washington urged FCC Chair Brendan Carr to drop the plan to vote to rescind the ruling issued in January, which found that federal law requires telecommunications carriers to secure networks from unlawful access to or interception of communications. The ruling also said that carriers could be in breach if they failed to adopt certain cybersecurity practices.

A spokesperson for Carr, who was appointed by President Trump, did not immediately comment. In January, when the FCC was led by Democrat Jessica Rosenworcel, the agency also issued a proposed rule that sought comment on specific cybersecurity requirements.

Senator Ben Ray Lujan, a Democrat from New Mexico, has said China's alleged efforts likely represent "the largest telecommunications hack in our nation's history." Hackers targeted telecom companies such as Verizon, AT&T, Lumen and others. The Chinese government has denied responsibility. Read more from David Shepardson.

 

In other news ...

Microsoft and Nvidia plan to invest in Anthropic under a new tie-up that includes a $30 billion commitment by the Claude maker to use Microsoft's cloud services … Britain's MI5 security service issued a new warning to lawmakers about attempts by Chinese agents to collect information and influence activity … Brazil is hoping to land an early agreement on some of the most contentious issues at the COP30 climate summit. Plus, scientists have detected some of the oldest signs of life on Earth using a new method that recognizes chemical fingerprints of living organisms in ancient rocks.

 
 

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