David Jolly

1 week ago | news.bloombergtax.com | Andrew Ramonas |Jeff Harrington |David Jolly

ConocoPhillips and Exxon Mobil are avoiding the “Gulf of America.” Chevron and Hess are jumping in. President Donald Trump’s new name for the Gulf of Mexico, as it has been known since the 16th century, is fueling a corporate divide over what to call the body of water stretching from Florida to Texas. Big companies with ties to the area have deployed various aliases in communications with investors since Trump renamed the gulf in January—if they talk about it at all.

1 week ago | news.bloombergtax.com | David Jolly |Jeff Harrington

AI’s potential to outperform humans in certain functions, as in some aspects of health care, poses malpractice risks for firms and providers when they don’t use the optimal artificial intelligence tools, attorneys and industry insiders say. “I don’t think we’re there yet,” said Annmarie Giblin, an attorney at Norton Rose Fulbright who specializes in cybersecurity, privacy and data management.

2 weeks ago | news.bloombergtax.com | Cassandre Coyer |Catalina Camia |Jeff Harrington |David Jolly

A crucial step in handling the sale of genetic data from over 15 million 23andMe customers now rests largely in the hands of a law professor. The May 19 announcement that Regeneron Pharmaceuticals Inc. will buy most of the assets of the bankrupt genetic testing provider started a countdown for Washington University School of Law professor Neil Richards, the court-appointed privacy ombudsman, to investigate the company’s privacy policies.

3 weeks ago | news.bloombergtax.com | Andrew Ramonas |Jeff Harrington |David Jolly

Verizon Communications Inc.‘s deal to acquire Frontier Communications was approved Friday by the FCC, just a day after the carrier wrote to the agency’s chairman saying it was abandoning its DEI policies. Verizon told the Federal Communications Commission in a May 15 letter it was ending DEI responsibilities for employees, removing diversity references from employee training materials, and scrapping quantitative goals for supplier diversity.

3 weeks ago | news.bloombergtax.com | Cassandre Coyer |Jeff Harrington |David Jolly

The pending sale of millions of customer health records as part of Rite Aid Corp.‘s bankruptcy proceedings is putting a spotlight on data security protections as the health-care industry battles increasing cyber incidents. The pharmacy chain filed May 5 for Chapter 11 protection, less than a year since it exited its first bankruptcy in August 2024. A rival pharmacy is expected to acquire its most valuable assets: customers’ prescription information.