Latest news with #ElliottStein
Bloomberg
16-05-2025
- Business
- Bloomberg
BI Weekend: Boeing Deal, Microsoft Job Cuts, US Drug Prices
Watch Alix and Paul LIVE every day on YouTube: Hosts: Paul Sweeney and Alix Steel On this podcast: - Elliott Stein, Bloomberg Intelligence Litigation Analyst, discusses his research titled 'SCOTUS Would Likely Let Trump Fire Powell Even If Markets Don't.' - George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, discusses China removing a ban on Boeing deliveries. - Sid Philip, Deputy Team leader for Global Aviation, discusses Boeing landing its biggest-ever aircraft order, with Qatar Airways agreeing to purchase up to 210 widebody aircraft. - Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses Microsoft job cuts. - Sam Fazeli, Bloomberg Intelligence, Director of Research for Global Industries and Senior Pharmaceuticals Analyst, discusses President Donald Trump attempting to lower U.S drug prices. - Austin Carr, Bloomberg Technology Reporter, discusses the Bloomberg Big Take story titled 'DeepSeek's 'Tech Madman' Threatens US Dominance of AI.' Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers.
Mint
07-05-2025
- Business
- Mint
Turkey's Halkbank Asks US Supreme Court to Toss Out Criminal Case
Turkey's state-owned Halkbank asked the US Supreme Court to consider tossing out criminal charges accusing the bank of helping Iran evade economic sanctions. In an appeal docketed at the high court Wednesday, Halkbank contended it is protected from prosecution by sovereign immunity. The filing follows a federal appeals court ruling in October rejecting Halkbank's arguments. Prosecutors allege that Halkbank helped free up $20 billion of restricted Iranian funds and helped launder at least $1 billion through the US financial system. The appeal centers on an issue the Supreme Court left open in 2023, when it said Halkbank wasn't protected by a 1976 federal statute that confers immunity on foreign governments in many circumstances. The high court said that law applies only to civil lawsuits, not criminal prosecutions. The bank now contends it is immune under what is known as 'common law,' the judge-made set of legal rules that sometimes apply when no statute governs. 'No court in history has ever criminally tried the instrumentality of another co-equal sovereign — even in cases involving commercial conduct,' Halkbank argued in its appeal. Halkbank's appeal is an 'uphill climb unlikely to succeed,' Bloomberg Intelligence analyst Elliott Stein said in April. He said the bank's best bet is likely to be a settlement with the Trump administration at a potential cost of $1 billion to $2 billion. Depending on how quickly the Justice Department files a brief in response, the high court might not say whether it will hear the appeal until its new term starts in October. The case is Turkiye Halk Bankasi v. United States, 24-1144. With assistance from Bob Van Voris. This article was generated from an automated news agency feed without modifications to text.
