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Three people are killed in a drone attack on a bus in Russia's Belgorod Region
Three people were killed by Ukrainian drones on Tuesday in the border region of Belgorod, Russia. Another 19 were injured in an attack 'on a bus' that was denounced by Moscow's Foreign Ministry. Two people were killed by a drone attack on a small business in a border village, according to regional authorities. A drone attack outside of the main city of the region, also known as Belgorod, killed another person. All but one of the injured passengers were taken to hospital for treatment after the bus was attacked in the town of Shebekino near the Ukrainian border. Moscow accuses Ukraine of launching systematic attacks against buses in various Russian regions. Maria Zakharova, spokesperson for the Russian Foreign Ministry, said that the latest strike demonstrated Ukraine's "maniacal persistence" in attacking public transport and taking revenge against the people of Ukraine because they were failing at the front. The Russian authorities in eastern Ukraine's Donetsk region, which are occupied by the Russians, said that?five people had been injured Tuesday after what they called a?"Ukrainian?drone strike on a bus. Russian authorities blamed Ukraine as well for an attack on a bus carrying Belarusian kids to a holiday site last month, in which a woman was killed and six children were injured. The Ukrainian military has denied the accusations. Rod Nickel (Reporting and Editing)
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US stocks are mixed as key tech earnings are announced by the Fed
U.S. stock markets were mixed Tuesday, ahead of the Federal Reserve's much-anticipated interest rate decision on Wednesday and key corporate earnings announcements. Investors dumped chipmakers over concerns about Chinese competition, and the 'funding' of the AI boom. However, the fall was reduced during New York trading. Boeing and Coca-Cola's gains helped offset the tumbling of chip stocks in advance of Apple and other tech company quarterly reports this week. However, the tech-heavy Nasdaq composite ended the day lower. What is the reason for this shift to non-tech names?" Ross Mayfield is an investment strategy analyst with Baird, based in Louisville, Kentucky. The labor market is still churning along, and there are signs that consumer spending in many places is increasing. The Dow Jones Industrial Average grew 1.03%, to 52 747.53. The S&P 500 rose 0.22%, to 7,429.22. And the Nasdaq Composite dropped 0.22%, to 24,876.91. Asian chipmakers were the main culprits of the earlier sell-off on Tuesday. South Korea's KOSPI plunged?more than 10 percent to a 3-month low. This triggered a circuit breaker on its way down, as it headed for its biggest monthly drop on record. It even exceeded the declines that occurred during the Asian Financial Crisis in 1997. The index has lost more than one third of its value since June. The MSCI All Country World Price Index dropped 0.33% from 1098 to 1104. It was at its lowest level since June 26. Investors are concerned about the circular funding and stretched valuations in this sector, after a spectacular rally in AI-linked stocks. After a report stating that China was manufacturing its own immersion deep ultraviolet (DUV), lithography machines at home, the latest decline followed. Meanwhile, CXMT's stock market debut Monday was a strong one for Chinese chipmaker CXMT. This fueled concerns over increased competition in memory chip industry. Dorian Carrell is the head of Schroders' multi-asset income. He said that there are concerns over the cost of borrowing and the amount of leverage required. He added, "We're now seeing questions about the profitability of semiconductors in Asia." The earnings this week of "Magnificent 7" members Microsoft.com, Amazon.com Meta, and Apple will be an important test for the market rally. This is especially true after Alphabet, Tesla, and other companies spooked investors with their negative cash flow reports last week. OIL SLIDES; U.S. Rate Move? The continued decline in oil prices and Treasury Yields has helped to ease some nerves before the Fed's rate announcement on Wednesday, which will be at the end of its two-day conference. The surge in oil prices, fueled by renewed fighting between the U.S. and Iran, last week had raised expectations of a rate hike, as policymakers struggled with an inflation rate that is stubbornly higher than the Fed's 2% target. Oscar Munoz is the head of U.S. Economics at TD Securities. He wrote in a report that "Higher oil costs due to Middle?East tensions" have increased inflation risk and strengthened the case for a hike. However, he believes more evidence will be needed before a majority can support it. The price of oil has fallen this week after Washington abruptly suspended?airstrikes against Iran on Saturday. Oman presented Iran with a Gulf-backed plan to manage the Strait of Hormuz that included?collecting fees for its use, according to a Gulf source on Tuesday and a Western diplomatic. Fed funds futures now price in a 32% probability of an increase on Wednesday. This is down from a 38% chance on Monday. U.S. crude dropped 4.14% to $79.16 per barrel. Brent was down 5.01% at $83.93 a barrel. The yield on the benchmark U.S. 10 year notes dropped 3.88 basis points to 4.602% from 4.641% at late Monday. The euro rose 0.18% against the dollar to $1.1387. The Japanese yen fell 0.07%, to 163.85 dollars, just above the four-decade low. Markets are on edge, fearing that Japan will intervene in the currency pair, especially if the Bank of Japan holds rates this week, and triggers another yen decline.
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Saudi Arabia claims to have intercepted drones that were launched by Iraq and targeted oil facilities
Saudi Arabia announced 'on Tuesday' that its air defenses intercepted and destroyed a number of drones that were launched from Iraqi territory in an attempt to 'target?oil?installations in the kingdom’s Eastern Province. This was the second attack of this kind in less than a week, and it raises the stakes as Riyadh tries to pressure Iraq to stop its territory being used as a launching pad against Saudi oil installations. Turki al-Maliki, a spokesperson for the Saudi Defense Ministry, said on X that drones had been 'launched by militias backed by Iran from Iraqi soil. Al-Maliki stated that Saudi Arabia retains the 'legitimate right to defend themselves and their 'national capabilities, and to respond "at a time and place appropriate to them. Iraqi Prime Minster Ali al-Zaidi, who ordered a Monday investigation into the incident and said that Iraq would not allow its land to be used against neighboring nations, also ordered a probe. Saudi Arabia's oil pipelines have been repeatedly targeted by missiles and drones during times of increased tensions in the region. Riyadh has attributed these attacks to Iran-backed groupings, but Tehran denies involvement. Saudi Arabia's foreign ministry called on the Iraqi government to do everything possible to stop Iraqi territory being used to launch attacks. Saudi Arabia's oil export and production infrastructure is located in the Eastern Province. (Reporting and editing by Mark Porter, Sanjeev miglani, and Muhammad Al Gebaly)
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Gold drops as dollar hovers around one-month high, Fed meeting in focus
The dollar was a major factor in the gold price's decline on Tuesday. Investors were waiting for the Federal Reserve to announce its interest rate decision this week, and the comments of Chairman Kevin Warsh, who would give them a hint as to the policy outlook. Gold spot fell by 1.2%, to $4.026.49 an ounce at 2:25 pm EDT (1825 GMT), having touched its lowest level since the 21st of July earlier in that session. ?U.S. Gold futures for August deliveries fell 0.9%, settling at $4.038.70. The U.S. Dollar has been stable near its 'one-month-high,' making the greenback price of bullion more expensive for overseas buyers. David Meger is director of metals at High Ridge Futures. He said that "Elevated Energy Prices remain a concern for Fed Members, and?the anticipated hawkishness by the Fed has pushed interest-rate hike expectation and the U.S. Dollar higher, applying pressure to the?gold markets." Bullion prices have fallen by about 24% in the last few months since the U.S.-Israeli War with Iran began late February. This is due to expectations that inflation-driven war could cause interest rates to rise for longer. Gold is often seen as a hedge against inflation. However, when rates rise, it can have a negative impact on the metal. Investors are now awaiting the Fed's decision on rates and Warsh’s comments Wednesday. The traders see a 70% chance that policymakers will hold rates steady on the Wednesday meeting, and 75% of a rate increase at the September central bank meeting. The U.S. The Personal Consumption Spending data for June is due Thursday and will also provide more clues about?the monetary policies. Commerzbank has lowered its year-end forecast for gold by $300 per ounce to $4,500. It added that a sustained return of gold ETF investors, and a recovery of gold prices, are unlikely without a change in interest rate expectations. Donald Trump, the U.S. president, said that Washington and Iran were having "good discussions" on Monday. He also stated that a possible resolution was likely. He said that if the negotiations fail, U.S. airstrikes would resume. Iran also made similar remarks about retaliation. Silver spot fell by 2.2%, to $57.11 an ounce. Platinum eased by 1%, to $1605.80. Palladium dropped by 2.3%, to $1261.91.
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US stocks rise ahead of Fed decision and tech earnings
U.S. stock prices rebounded on Tuesday from their earlier lows ahead of the release of important corporate earnings and the Federal Reserve’s highly anticipated interest rate decision on Wednesday. Investors dumped chipmakers over concerns about Chinese competition, and funding for the AI boom. Gains in other sectors have offset the decline in chips stocks during the U.S. session. The Dow Jones Industrial Average rose by 1.29%, to 52881.21, while the S&P 500 gained 0.37% at 7,440.40. The Nasdaq Composite increased by 0.04% at 24,940.99. The Asian chipmakers are at the core of the earlier selloff on Tuesday. South Korea's KOSPI plunged more than 10%, hitting a three-month high. This triggered a circuit breaker on its way down, as it headed?for the largest monthly drop on record. It surpasses the declines that were suffered during the Asian Financial Crisis in 1997. The index has more than tripled its value in the past 12 months, but it's lost more than a quarter of that value since then. The MSCI All Country World Price Index fell by 0.26%, to 1105. It had previously dropped to 1098. Investors have been concerned about circular funding and stretched valuations in the AI sector after a strong rally in this year. The latest decline followed a report that China was manufacturing its own immersion deep ultraviolet (DUV), lithography machines. Meanwhile, the strong debut of Chinese chipmaker CXMT on the stock market on Monday fueled concerns about increased competition in memory chip industry. Dorian Carrell is the head of Schroders' multi-asset income. He said that there are concerns about the costs and the amount of leverage required. He added: "We're now seeing questions about the profitability of semiconductors, especially in Asia." The earnings this week of "Magnificent 7" members Microsoft.com, Amazon.com Meta, and Apple, which are also companies that spend the most on AI will be seen by many as a test for the market rally. This is especially true after Alphabet, Tesla, and other tech giants spooked investors with their negative cash flow reports last week. OIL SLIDES, U.S. Rate MOVE EYED The continued decline in oil prices, Treasury yields and other financial indicators helped calm nerves before the Fed's rate announcement on Wednesday. The surge in oil prices, fueled by renewed fighting between the U.S. and Iran, has raised expectations that a rate?hike could be imminent as policymakers struggle to combat inflation, which remains stubbornly higher than the Fed's 2% target. Oscar Munoz is the head of U.S. Economics at TD Securities. He wrote in a report that "Higher oil costs due to Middle East tensions have increased inflation risk and?strengthened case for a rate increase, but more evidence will be needed before a majority supports it." The price of oil has dropped this week, following the abrupt suspension by Washington on Saturday of its airstrikes against Iran. Oman presented Iran with a Gulf-backed plan to manage the Strait of Hormuz and collect voluntary fees, according to a Gulf source on Tuesday. Fed funds futures now price in a 32% probability of a rate hike on Wednesday. This is down from Monday's 38%. The yield on benchmark U.S. 10 year notes dropped 4.09 basis points from?4.641% at the end of Monday. The euro rose 0.23% against the dollar to $1.1393. The Japanese yen fell 0.02%, to 163.75 dollars, just above the four-decade low. Markets are on edge, fearing that Japan will intervene in the currency pair, especially if the Bank of Japan holds rates this week, and triggers another yen decline.
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South Africa tribunal approves Equinix data centres despite activist objections
Cape Town's municipal authorities have approved the proposal of?Equinix to build two data centres within the city despite protests by environmental groups and activists over water use, electricity consumption, and other aspects. The U.S. listed company's planned development of the King Air Industria region is a significant step forward, especially as the demand for data centre infrastructure in Africa continues to rise. The proposed data centres are expected to need around 170 megawatts in power, making it one of the biggest projects being planned for South Africa. Teraco is Africa's biggest data-centre provider. It has stated that it has 189 MW critical power capacity on its campuses. The South African Housing Assembly, a grassroots movement, and the UK-based technology advocacy organization Foxglove were represented by Legal Resources Centre during the?tribunal proceedings. The groups claimed that there was insufficient information provided about the environmental footprint of the project and its resource requirements. "We've seen this playbook used by U.S. Big Tech companies time and time again: show up in a neighborhood, tell the residents as little as you can about the damage the data center will cause and then leave them to pick up all the pieces," said Rosa Curling, Foxglove's co-executive Director. The groups claimed they were evaluating a possible appeal. A spokesperson for Equinix confirmed that the company has purchased land in Cape Town, but it had not submitted a?site?development plan. A site development plan is a part of South Africa's planning system. It outlines how a project approved will be set up and operated. The spokesperson stated that "should we decide to move forward with any developments, we are committed to being transparent and will provide all stakeholders with detailed information in a timely manner." We understand the unique role we play in the communities where we operate and we work with local utilities, leaders of government and other stakeholders early on in the planning process to understand local priorities, listen and inform our decisions. Mark Potter edited the article.
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The 400 million ASML "printers" key to the AI chip boom
ASML is Europe's most valuable firm thanks to its dominance of lithography systems. These are?huge?chip printing? machines that cost up to $400 million and are essential to companies driving the?AI boom. Chipmakers have expanded their capacity quickly due to AI advances and the global expansion of data centers. ASML supplies memory chip makers such as SK Hynix and Micron, as well to TSMC which manufactures chips for Nvidia. In the middle of the product range, the company faces new competitors from China. It is also being pressured by the United States regarding exports of certain tools to?Asian nations. The Dutch company's success is due to the innovative technology it uses. How to tell apart your DUV, EUV and High NA ASML is a leading manufacturer of deep ultraviolet (DUV), extreme ultraviolet (EUV), and lithography machines. These machines are named after the wavelengths of light that they use to zap the microcircuitry of chips on silicon wafers. ASML's market share in the DUV segment, where tools that cost around $60 million each are made to produce chips for industrial and consumer electronics, is above 80%. This puts it ahead of its Japanese rivals Nikon and Canon. It is the only company in the world that has the monopoly on the EUV technology. However, rivals from China and the United States are trying to create alternatives. Standard EUV tools cost about $200 million, and are used in the production of AI chips and cutting-edge memory. ASML is testing its newest "High NA", EUV tools. These will be used in new generations of AI chip with smaller features over the next five years. So far, only a few have been produced. Each one is estimated to cost between $350 million and $400 million. The technology: HUGE MACHINES WORKING ON NANOSCALE The standard EUV machine for Nvidia chip production is about the size and weight of a school bus. It uses a complex system that includes lasers, magnets and mirrors to create microscopic circuitry on silicon wafers. The AI chips are mapped out by shining light patterns onto silicon wafers. Each wafer contains about 100 AI chips. The EUV wavelength measures 13.5 nanometers. A human hair is between 80,000 and 100,000 micrometers thick. LENSES AND MIRRORS The German industrial company Trumpf uses some of the most powerful lasers to blast tin droplets at a rate 50,000 times per sec. The light is guided into the heart by a system of mirrors manufactured by German optical systems maker Zeiss. These mirrors have surfaces that are smoother than those found in space telescopes. They are also kept in vacuum. Magnetically levitated stage move wafers faster than 3 meters/second, with acceleration and deceleration forces more than 15x that of gravity. How are ASML's huge machines delivered? The EUV machines, which are assembled in Holland, are then packaged into 40 containers and transported by cargo planes to the customer's chip fabrication plant. ASML expects to sell 65 systems this year, and 85 by 2027.
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Wildfires threaten Bordeaux's wine industry
Wildfires burning outside Bordeaux highlight the climate challenges that France's biggest wine region is facing. Producers are struggling with severe drought, increasing temperatures, and a?falling in wine consumption. Although growers claim that the fires are not a threat to Bordeaux’s famous vineyards, the repeated heatwaves and nearly two months of dry weather have caused vines to be stressed and resulted in one of the earliest vintages ever. Thomas Duroux said that the vineyards in Margaux, one Bordeaux's most prestigious regions, are still intact, and the wine quality will not be affected by the fires. He said that warning signs were everywhere. The scorching heat of France has exacerbated drought conditions and caused water shortages, as well as tinder-dry vegetation, which is fueling wildfires across the country and threatening crops. Wake-up Call The first to suffer were young vines whose roots had not yet reached enough moisture underground. "What we're experiencing this year should be a wake-up. We're facing a situation we've never seen before. Duroux said that we must not only limit the damage, but also consider the future. He added, "Our priority today is water resources - because without it?we won't be able to?plant vines under these conditions -- and adapting the vineyard so that it becomes more resistant to these climatic circumstances." This year, some local wine authorities sought exemptions to allow irrigation to produce vines. This was a remarkable step in a place where watering had been restricted to young and delicate vines. Duroux noted that many chateaux don't have enough water for their entire vineyard. He said that climate change has brought benefits to date, such as riper grapes and richer wines, and in hot years like 2020, 2022, and 2025, exceptional qualities. Growers say that without rain, vines may'shut themselves down to protect themselves and cause grapes to shrivel. This would result in a reduction of yields as well as?quality and push harvest dates to the earliest ever recorded. Climate change isn't the only industry challenge. Many French wine producers have been struggling with low prices for many years due to falling consumption, weaker export demand, and an oversupply. Some are forced to sell their wines at a loss. The crisis led to a?vine-pull program under which producers were paid to uproot vines in order to reduce production and rebalance market. Even the most prestigious wines are not immune to this?downturn. According to the Liv-ex Bordeaux 500 Index, the Bordeaux fine wine market lost nearly a fifth of its worth over the last?five years. The once-booming market for en primeur, where buyers buy wines as they age in barrels, has also slowed down, leading to several chateaux reducing prices. (Reporting by Sybille de La Hamaide. Gabriel Stargardter contributed additional reporting. Mark Potter (Editor)
The top cases in the US Supreme Court docket
The U.S. Supreme Court has been deciding important cases in its current term. These include voting rights, presidential power, tariffs and birthright citizenship. Other issues are race, transgender sportspeople, campaign finance laws, LGBT "conversion therapies" and federal agency authority. The term began in October, and will run through the end of June. Separately, the court has also acted in emergency cases in several cases that challenge President Donald Trump's policy.
VOTING RIGHTS ACT On April 29, the court gutted a crucial provision of the Voting Right Act, making minorities less likely to challenge electoral maps under the landmark civil right law as racially biased. The court blocked an electoral map which would have given Louisiana a 2nd U.S. Congress district with a majority of Black people. The decision severely undermined Section 2 in the Voting Rights Act which Congress passed to prohibit electoral maps that could dilute the power of minority voters. The ruling allowed Republican-led Southern States to demolish Democratic-held districts with majority-Black or majority-Latino voters ahead of November's midterm elections. After the Supreme Court gutted another part of the Voting Right Act in 2013, Section 2 gained more importance as a barrier against racial bias in voting. Black and Latinos tend to vote for Democratic candidates.
Birthright Citizenship The court expressed skepticism about the legality of Trump’s directive on April 1, to restrict the birthright citizenship of Americans. The justices asked the administration's attorney about the legal validity and practical implications of Trump's order. The lower court ruled against Trump's executive order that instructed U.S. agencies to not recognize citizenship for children born in the United States. If neither parent is a legal permanent resident or an American citizen, this is also known as a "green-card" holder. The court found that Trump's policies violated both the 14th Amendment of the U.S. Constitution and a federal law codifying birthright rights. The Supreme Court will likely rule by the end June.
TRUMP'S TARIFFS On February 20, the justices struck down Trump's sweeping trade tariffs, which he pursued in accordance with a law intended for national emergencies. This ruling has major implications for 'the global economy'. The ruling, which was 6-3 in favor of the lower court's decision, confirmed that Trump had exceeded his authority when he used this 1977 law. The court ruled that Trump's claim to have the authority to impose tariffs was not supported by the law in question, the International Emergency Economic Powers Act (IEEPA). Congress has the power to impose taxes and tariffs, not the President, according to the U.S. Constitution. Tariffs are at the heart of a global trade conflict that Trump started after he entered his second term in office. This war has alienated trading partner, affected financial markets, and created global economic uncertainty.
TRUMP'S FIRE OF FED OFFICIAL Justices expressed skepticism about Trump's attempt to fire Federal Reserve governor Lisa Cook, a move that could threaten the independence of the central bank. The justices said they would not grant Trump's request for a judge to overturn a decision that prevented him from firing Cook immediately while her legal case is being resolved. Congress created the Fed by passing a law, the Federal Reserve Act, that contained provisions designed to protect the central bank against political interference. The law stipulated that governors could only be removed "for cause" and did not specify the procedure for removal. Trump claimed that Cook's firing was due to unproven allegations of mortgage fraud, which she has denied. Cook, who is still in her position for now, said that the allegations were a pretext used to fire Cook over differences of monetary policy, as Trump pressures the Fed to reduce interest rates. The ruling is expected to be made by the end June.
PROTECTED STATUS OF IMMIGRANTS On April 29, the justices heard arguments examining Trump's administration's actions to strip humanitarian benefits from hundreds of thousands Haitian and Syrian migrants, as part of his signature crackdown on immigration. The Trump administration appealed two federal judge's rulings that halted its efforts to terminate Temporary Protected Status (TPS), which the U.S. Government had previously granted to over 350,000 Haitians and 6,100 Syrians. Some conservative justices seemed to agree with the administration that courts could not second-guess the decision of the government to end TPS. Several justices questioned also the claim of the challengers, that the administration failed to follow mandatory protocols when making decisions in accordance with the law governing TPS. The ruling is expected to be made by the end June.
Federal Trade Commission Firing The conservative justices of the court have indicated that they will uphold Trump's legality in firing a Federal Trade Commission Member and give an historic boost to president power, while also putting at risk a 90-year old legal precedent. On December 8, the court heard arguments in the Justice Department appeal of the lower court's ruling that the Republican President exceeded his authority by dismissing Democratic FTC member Rebecca Slaughter before the term she was due to finish. The conservative justices seemed sympathetic to the Trump Administration's argument that tenure protections granted by Congress to independent agency heads unlawfully infringed on presidential powers under the U.S. Constitution. Trump was allowed to remove Slaughter until the case concluded. The court is expected to make a decision by the end June.
TRANSGENDER SPORTS PARTIcipation The conservative justices seemed ready to uphold the state laws that ban transgender athletes from participating in female sports teams, amid an escalating nationwide effort to restrict transgender rights. On January 13, the court heard arguments from Idaho and West Virginia in appeals of lower courts' decisions siding with transgender student who challenged the bans imposed in both states for violating the U.S. Constitution as well as a federal antidiscrimination act. 25 other states also have laws similar to Idaho's. The conservative justices expressed concerns over imposing a uniform law on the whole country, amid a sharp disagreement and uncertainty about whether medications such as puberty-blocking hormones or gender affirming hormones remove male physiological advantages in sport. The ruling is expected to be made by the end June.
LGBT "CONVERSION THERAPEUTY" The court rejected on March 31, a Democratic-backed Colorado Law that prohibited psychotherapists from utilizing "conversion talk therapy" intended to change a LGBT minor's gender identity or sexual orientation. The 8-1 decision sided with the Christian licensed counselor who argued that the ban was an intrusion into free speech rights. The Colorado court rejected the argument that their law only protected speech, but regulated professional conduct. The court reversed a lower-court decision which had upheld a law brought by Kaley Chiles who argued it violated First Amendment protections from government abridgment.
HAWAII GUNS LAW The conservative Justices expressed skepticism about a Hawaii gun law which restricts the carry of handguns in public places, such as businesses. They appeared ready to expand the right to own a firearm again. On January 20, the court heard arguments in an appeal filed by opponents of the law, backed by Trump's administration. The challengers were appealing a ruling that Hawaii’s Democratic-backed measure complies likely with the U.S. Constitution’s Second Amendment right. Hawaii's law demands that a property owner "expressly authorize" the bringing of a handgun on private?property accessible to the public. Four other states in the United States have laws similar to Hawaii's. The ruling is expected to be made by the end June.
Drug Users and Guns The court, on June 18, limited the application of an U.S. Law that prohibits firearms possession by some drug users. It rejected a position taken the Trump administration which threatened the rights of millions Americans who use marijuana while owning firearms. The justices upheld the decision of a lower court to dismiss a charge of illegal gun possession brought under the law in question against Ali Hemani. Hemani is an American-Pakistani who lives in Texas and told authorities that he regularly used marijuana. The Supreme Court found the government failed to prove that its prosecution of Hemani complied?with the U.S. Constitution’s Second Amendment right "to keep and bear arms."
CAMPAIGN FUNDING The court heard arguments in December 9 on a Republican-led attempt to overturn federal limits on spending by parties and candidates coordinated with each other in a case that involved Vice President JDVance. The conservative justices seemed to be sympathetic towards the challenge. However, the three liberal members of the court appeared inclined to maintain the spending limits. The debate centers around whether federal limits on campaign spending coordinated with candidates' input violate First Amendment protections against government abridgment. Vance and Republican challengers have appealed the ruling of a lower court that upheld restrictions regarding the amount of money political parties can spend in campaigns, with input from candidates who they support. This type of spending is called coordinated party expenses. The ruling is expected to be made by the end June.
MAIL-IN-BALLOTS On March 23, conservative justices expressed skepticism about a Mississippi law that was challenged by Republicans. The law allows for a five-day period of grace to allow mail-in votes received after Election Day be counted. This case could lead to stricter voting laws across the country. The Trump administration supported the challenge against Mississippi's law that allows mail-in votes sent by certain voters be counted as long as they are postmarked before Election Day and received within five business days of a federal election. In Mississippi, absentee voting is only available to certain categories of voters. These include the elderly, disabled and those who live away from home. A lower court ruled that the law was unconstitutional. The court is expected to rule by the end June.
U.S. ASYLUM - PROCESSING: The court seemed likely to rule for the Trump administration's defense of its authority to reject asylum seekers if officials deem U.S. - Mexico border crossings to be too overburdened to process additional claims. On March 24, the court heard arguments in a dispute over a policy known as "metering," which Biden's administration dropped in 2021. The Republican president may want to reinstate it. It allowed U.S. immigration officers to stop asylum seekers and refuse to process their applications indefinitely. The decision is expected to be made by the end June.
WEEDKILLER CANER CLAIMS The court seemed divided on Bayer AG’s attempt to close down thousands of lawsuits alleging that the German company failed to warn users of the active ingredient of its Roundup herbicide causing cancer. On April 27, the court heard arguments in Bayer’s appeal of a Missouri state court jury verdict awarding $1.25million to a man called John Durnell, who claimed he had been diagnosed with non-Hodgkin's lymphoma following years of exposure. The lower court rejected Bayer’s argument that U.S. pesticide law bars lawsuits based on claims made under state laws. The ruling is expected to be made by the end June.
Human Rights Abuses Around the World The court heard arguments in April 28 on a case that has broad implications for American human rights litigation. Members of the Falun?Gong spiritual movement have accused Cisco Systems, of facilitating religious persecu- tion in China. Cisco appealed the 2023 ruling of a lower court that gave new life to the 2011 lawsuit brought under the Alien Tort Statute of 1789. The case accused Cisco of developing technology which allowed China's Government to monitor and persecute Falun-Gong members. Cisco asked the court to limit the scope the Alien Tort Statute which allows non-U.S. Citizens to sue in American courts over violations of international laws. The court is expected to make a ruling by the end June.
SEC "DISGORGEMENT" POWER On June 4, the court rejected a challenge against the U.S. Securities and Exchange Commission’s broad authority to recover illicit profits through a financial remedy known as disgorgement. This strengthened one of the key powers of the Wall Street watchdog. The court upheld the decision of a lower-court that had supported a broad use of disgorgement powers by the SEC. In this case, the Trump administration defended the SEC. The case was brought by an?defendant' who was ordered to pay more than $3,000,000 in ill-gotten gain and interest by a California court at the SEC's request.
FCC FINES FOR WIRELESS CARRIERIES The Supreme Court ruled on June 4, defending the Federal Communications Commission system of levying fines and ruling against AT&T's and Verizon's challenge to the agency. Trump's administration defended FCC's system of assessing financial penalties known as forfeiture order. The carriers argued that FCC's internal proceedings deprived them their right to a trial by jury under the U.S. Constitution.
'GEOFENCE" WARRANTS On April 27, the court heard arguments in a Virginia case about whether or not law enforcement's use a "geofence warrant" to identify suspects using data from a?cellphone near crime scenes is a violation of the Fourth Amendment's bar against unreasonable searches. Geofence warrants approved by the court compel companies, such as Alphabet’s Google in this instance, to search for mobile devices near crime scenes around the time of the crime. In this case, a defendant pleaded conditionally guilty to robbing an institution of higher learning while reserving the right to argue against evidence obtained from what he believes was an illegal search. The ruling is expected to be made by the end June.
CRISIS PREGNANCY COUNTER The court sided on April 29, with the operator in New Jersey of Christian faith-based "crisis pregnancies centers" that are anti-abortion and trying to impede an investigation by the state into whether these facilities engage in misleading practices. First Choice Women's Resource Centers brought a lawsuit against a subpoena issued by the state attorney general in 2023 to obtain information about the donors and doctors of the organization. The lawsuit had been dismissed by a lower court. First Choice's facilities are designed to discourage women from getting abortions.
RASTAFARIAN INMATE The conservative justices seemed inclined to reject the Rastafarian inmate's attempt to sue Louisiana state prison officials after they shaved his head in violation of religious beliefs. On November 10, the case was argued in front of the court under a federal statute protecting incarcerated persons from religious discrimination. Plaintiff Damon Landor's religion requires that he let his hair grow. He appealed the decision of a lower court to dismiss his lawsuit, because they found that the statute in question did not allow him to sue officials for money damages. The ruling is expected to be made by the end June.
DEATH ROW INMATE A man convicted in Alabama of a murder committed in 1997 was spared the execution on May 21, after the court upheld a ruling that the inmate has intellectual disabilities and is therefore ineligible to receive the death sentence. Alabama officials appealed a lower court decision on how to determine Joseph Clifton Smith’s intellectual capacity. The justices rejected the appeal. This method involved weighing the multiple intelligence quotient (IQ) test scores along with expert testimony. In a 2002 Supreme Court decision, the court ruled that executing a person with intellectual disabilities violated the Eighth Amendment of the U.S. Constitution prohibiting cruel and unusual punishment.
JURY COMPOSITION On May 28, the justices sided with an inmate on death row who claimed that prosecutors had discriminated against him by excluding Black potential jurors in a trial where he was found guilty in 2006 of his involvement in the murder?of a supermarket owner. The justices found that the state courts of Mississippi had not evaluated Terry Pitchford’s claim that four Black prospective jurors were unlawfully dismissed, in violation of a 1986 Supreme Court precedent called Batson v. Kentucky which prohibits exclusion based on race.
SENTENCE REDUCTIONS The court ruled that on May 28, judges could not order early release of prisoners based on the fact that they would receive shorter sentences following the 2018 criminal justice reform law. The court upheld lower-court decisions against two Pennsylvania men who were convicted of armed burglaries and sought compassionate release on the basis of the First Step Act that Congress passed many years after their sentences.
SECURITIES LITIGATION The court sided on June 11, with a group investment funds affiliated to BlackRock and other asset management firms in their attempt to defend against certain lawsuits filed by private plaintiffs based on a federal securities law. The court reversed an earlier ruling that allowed the hedge fund Saba Capital Master Fund, to sue the Investment Company Act of 1941 to invalidate fund bylaws that restricted the voting rights of activist shareholders. The Trump administration backed BlackRock and FS Credit Opportunities, as well as other funds in the case including Adams Diversified Equity Funds, Adams Natural Resources Funds and Royce Global Trust.
COX COPYRIGHT DISSENSION The court ruled that Cox Communications could not be held responsible for the piracy of songs by subscribers to its internet service. These labels included Sony Music, Warner Music Group Universal Music Group, and others. This ended their multi-billion dollar music copyright suit. The ruling of 9-0 overturned the decision by a lower court to order a trial to determine the amount the internet service provider was liable for the record labels under a form liability known as contributory copyright violation. Cox said that a retrial would have resulted in a verdict of up to $1.5 billion against the Atlanta ISP.
PHARMACEUTICAL SKINNY LABELS The court ruled that the generic version of Amarin Pharma Vascepa, a cardiovascular medication made by Hikma, did not violate Amarin Pharma patents. This decision could make generic drugmakers more resistant to patent suits involving "skinny label" claims. The justices reversed a decision by a lower court in favor of Amarin. Generic drugmakers argued that Amarin's victory in the case could have deterred them from producing and selling their cheaper drugs, and raised U.S. drug costs.
(source: Reuters)