The OCC’s recent review of major banks “debanking” disfavored customers included the adult entertainment industry among the industries deemed targeted. The classification of adult businesses as debanked legal businesses, combined with stablecoin regulations, may give the adult industry an avenue to banking and payments it has long been denied.

The path to tariff refunds remains uncertain despite the Court of International Trade’s holding retaining jurisdiction and constraining the government’s ability to limit refunds due to liquidation. With time running out and the Supreme Court’s ruling looming, importers are still filing CIT cases to try to preserve their refund rights.

Kalshi faces new legal challenges from ‘Loss Recovery’ LLCs using state gambling laws. These cases are forcing Kalshi into an uphill battle to stay out of state court. The likely outcome is increased legal uncertainty around the question of federal preemption on event contract markets.

The seminal, decade-long case of Marchand v. Barnhill is set for a February trial, where the Delaware Court of Chancery might finally have the opportunity to shepherd in a new era of corporate precedent for Caremark claims.

Pfizer’s offer to acquire GLP-1 maker Metsera triggered an aggressive counterbid from pharmaceutical giant Novo Nordisk. Novo’s novel two-pronged approach not only forced Pfizer to increase its bid; it also showed how creative deal-structuring tactics by market leaders could bypass regulatory scrutiny.

The FTC’s recent loss in its monopolization case against Meta is another data point on the curve suggesting that antitrust enforcement might not work against tech platform monopolies—or at least, can’t possibly work at the pace markets move.