A Texas federal jury found that Elon Musk's X, formerly Twitter, infringed upon a VidStream patent for capturing and sharing video on social media and must pay VidStream $105 million. The lawsuit was filed in 2016 after Twitter's acquisitions of Periscope, a livestreaming platform, and Vine, where users posted short-form videos.
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The US Supreme Court has scheduled May 15 arguments regarding President Donald Trump's executive order aimed at ending birthright citizenship for people born to parents who are in the US without legal permission. The Trump administration sought to allow the restrictions to take effect at least in parts of the country while the case proceeds in court, but the justices left the order on hold.
Juan Carlos Lopez-Gomez, who was born in Georgia, was released from a Florida jail after he was arrested under a Florida law that a federal judge has blocked, and his mother said she plans to file a lawsuit over the arrest. The law makes it a misdemeanor for adults who are in the US without legal permission to "knowingly" enter Florida. On Thursday, Leon County Judge LaShawn Riggans said Lopez-Gomez's birth certificate was authentic but that she lacked jurisdiction to release him because he was being detained upon a formal request from Immigration and Customs Enforcement.
A federal hiring freeze has been extended through July 15, with exemptions for people in military, public safety, immigration enforcement and national security roles, according to a directive from President Donald Trump. The directive says the pause will remain in effect past that date for the IRS unless the Treasury secretary decides ending the freeze is in the national interest.
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The Federal Reserve has proposed changes to stress tests for major banks, including averaging results over two years and providing banks an additional three months to adjust to capital requirements. The move aims to make the process more transparent and less volatile. Governor Michael Barr criticized the proposal, warning it could create a false sense of security, while Governor Adriana Kugler backed the plan but raised concerns about reduced responsiveness to current economic conditions. Public comments are due 60 days after publication of the proposal in the Federal Register.
President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, posting on social media that "Powell's termination cannot come fast enough" and urging immediate rate cuts amid tariff-driven economic uncertainty. The remarks reignite concerns over central bank independence, with Powell warning of inflation risks from trade policy, adding that the Fed's "independence is a matter of law" and that the Fed's statute does not allow the chair's removal "except for cause."
Treasury Secretary Scott Bessent is leading private meetings with the Federal Reserve and other banking agencies to streamline oversight and ease regulation. These efforts follow a February executive order from President Donald Trump aimed at tightening White House control over bank supervision. Bessent has emphasized coordination among regulators without consolidating agencies, but former Federal Reserve attorney Jeremy Kress has described the Treasury's actions as a "power grab" that could politicize financial regulation.
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A panel of the US Court of Appeals for the 4th Circuit rejected the Trump administration's appeal of US District Judge Paula Xinis' order for the government to facilitate the return of Kilmar Abrego Garcia to the US from El Salvador, to which the Maryland resident was deported in error. The panel wrote that the US Supreme Court order upholding Xinis' ruling does not allow the administration "to do essentially nothing." Judge J. Harvie Wilkinson wrote, "The government is asserting a right to stash away residents of this country in foreign prisons without the semblance of due process that is the foundation of our constitutional order."