Bloomberg Law

21 hours ago | news.bloomberglaw.com | Anand Krishnamoorthy

Asian stocks traded in a tight range Thursday as a global relief rally started to give up momentum after mixed signals from the Trump administration on its plans for China tariffs. A regional of stocks swung between small gains and losses as market enthusiasm got curbed after Treasury Secretary cast doubt on a timely resolution to the US-China trade war. That trimmed the ’s gain Wednesday to 1.7%. The two days of losses and the in early Asian trade.

22 hours ago | news.bloomberglaw.com | Ram Anand |Netty Ismail

Coffee shop operator Zuspresso Sdn. plans to open nearly 200 new stores in Southeast Asia this year, after surpassing Starbucks as Malaysia’s largest coffee chain within five years of inception. The ZUS Coffee brand owner will open at least 107 new stores in Malaysia, add about 80 in the Philippines, and another six in Singapore, Chief Operating Officer Venon Tian said in an interview. The firm will also start its first stores in Thailand and Indonesia this year.

1 day ago | news.bloomberglaw.com | Jacqueline Thomsen |Katie Arcieri

The US Supreme Court has adopted a new federal rule on how courts handle initial steps in multidistrict litigation, teeing it up to go into effect later this year. The court on Wednesday transmitted to Congress the multidistrict litigation rule, among other changes to the federal rules of civil, appellate, and bankruptcy procedure. Unless Congress takes action, those rule changes will go into effect on Dec. 1.

1 day ago | news.bloomberglaw.com | Olivia Alafriz

A California federal judge appeared skeptical of Meta Platforms Inc.'s position that a dispute over insurance coverage for social media litigation should proceed in her court instead of Delaware state court, where insurers first filed their suit. Meta’s argument that insurers had no right to file suit “seems to make no logical sense,” Judge Yvonne Gonzalez Rogers of the US District of the Northern District of California said during a Wednesday hearing.

1 day ago | news.bloomberglaw.com | Mark Gurman

Senator Elizabeth Warren on Wednesday questioned Apple Inc. Chief Executive Officer Tim Cook on his discussions with the Trump administration ahead of the president’s retreat on tariffs covering crucial Apple products built in China. “The circumstances surrounding Apple’s exemptions raise fresh concerns about influence-peddling by huge well-connected corporations, and their ability to gain special favors from President Trump,” Warren wrote in a letter to Cook which was obtained by Bloomberg News.