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Judge Talwani Blocks Trump Grant Terminations; Billions in Awards Protected
Federal Judge Indira Talwani blocked the Trump administration from using an OMB termination clause to cancel $5 billion in federal grants. The ruling protects awards for public safety, research, and food security.
Will Smith Pulled Into $3M Jada Lawsuit as Ex-Friend Seeks His Testimony
Bilaal Salaam seeks Will Smith’s deposition in his $3 million lawsuit against Jada Pinkett Smith. Jada’s lawyers say no subpoena has been served and Will is not required to participate.
Trump Halts Offshore Wind Projects on National Security Claims; States Sue Back
Trump administration halts offshore wind projects citing national security risks, spending $2.7 billion on lease buyouts. California and other states threaten lawsuits over the decision.
Zhongji Innolight Targets Up to $7 Billion in Hong Kong Listing After July 17 Approval
Zhongji Innolight is nearing final clearance for what could become Hong Kong’s largest listing this year. Bloomberg reported on July 15, 2026, that China’s securities regulator was set to approve the deal. That approval clears the path for a Hong Kong Stock Exchange listing hearing this week. Zhongji Innolight now aims to raise to $7…
Red Robin Stock Down 0.14% to $7.02 as Burger Chain Plans Restaurant Sales and Closures
Red Robin stock slipped 0.14% Friday, trading at $7.02 per share. The casual dining chain continues executing its debt-reduction “First Choice Plan.” Red Robin expects to close roughly 20 additional locations during 2026. The company also targets closing its $72.5 million refranchising deal today, July 17. That transaction covers 86 company-owned restaurants sold to two…
Red Robin Cuts Up to 70 Stores as Debt Restructuring Accelerates
Red Robin closes restaurants and refranchises 116 locations to pay down $170M debt. CEO says 20 underperforming stores improved enough to avoid closure. Cary, NC location confirmed closing.
CXMT’s $8.6 Billion IPO to Generate at Least $41 Million in Fees for Chinese Investment Banks
CXMT’s $8.6 billion Shanghai IPO is set to generate substantial fees for underwriters. The memory chipmaker priced shares at 8.66 yuan, or $1.28 apiece. That values CXMT’s business at roughly $85.2 billion upon its Shanghai Star Market debut. CXMT’s offering surpasses SMIC’s 2020 record as the largest chip IPO in China. Subscriptions opened Thursday, July…
ASX Midday: Telstra (ASX: TLS) Edges Higher as BHP (ASX: BHP) Drops Nearly 3% on $900M Iron Ore Project
ASX midday trading on July 16, 2026, showed a mixed picture across major sectors. Telstra edged higher, building on Wednesday’s close near $4.89. BHP fell nearly 3% after unveiling a $900 million iron ore investment. The S&P/ASX 200 stayed roughly flat, down 0.3% in early Asia-Pacific trading. This ASX midday session highlights how commodity spending…
Hardee’s Franchisee Files Chapter 11 as 59 Stores Face Closure Risk
Hardee’s franchisee Superior Star files Chapter 11 bankruptcy on July 9, putting 59 stores at risk across 10 states due to a $7.04 million seller financing dispute and hidden liabilities from its 2023 acquisition.