Medtech firm Surgalign files for Chapter 11 bankruptcy

(Reuters) – Beleagured U.S. medical technology company Surgalign Holdings filed for a voluntary Chapter 11 bankruptcy on Monday. Surgalign filed for the bankruptcy with estimated assets and liabilities in the range of $50 million to $100 million in the Bankruptcy Court for the Southern District of Texas. The Deerfield, Illinois-based company said in March that…

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US judge orders Trump lawyers not to release evidence in documents probe

By Douglas Gillison and Kanishka Singh (Reuters) -A U.S. judge in Florida on Monday ordered defense lawyers for former President Donald Trump not to release evidence in the classified documents case to the media or the public, according to a court filing. The order from U.S. Magistrate Judge Bruce Reinhart also put strict conditions on…

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How U.C. Berkeley tried to buoy enrollment of Black students without affirmative action

By Sharon Bernstein BERKELEY, California (Reuters) – In the 25 years since California voters banned all consideration of race in college admissions, the state has spent more than $500 million to help create diverse student bodies across the University of California system – with some success. Yet in classes at the University of California at…

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US judge orders Enbridge to shut down portions of Wisconsin pipeline within 3 years

By Clark Mindock (Reuters) – A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. U.S. District Judge…

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Hyundai to consider joining Tesla’s North American charging standard alliance

SEOUL (Reuters) – Hyundai Motor will consider making its vehicles more readily compatible with the charging standard Tesla is pushing for in North America, the South Korean automaker’s CEO said on Tuesday. Tesla’s Superchargers make up about 60% of available U.S. fast chargers and Ford and General Motors have in recent weeks struck deals with…

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JPMorgan invests in financial technology provider Cleareye.ai

LONDON(Reuters) – JPMorgan has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday. The parties, which entered into a commercial partnership last September, did not provide the financial terms of the transaction. Trade finance refers to financial products offered by banks and other institutions that…

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Stellantis, Foxconn form 50-50 JV on semiconductors for auto industry

MILAN (Reuters) – Carmaker Stellantis and iPhone assembler Foxconn have created a 50-50 joint venture to design and sell semiconductors for the automotive industry from 2026. The joint venture, called SiliconAuto, will supply Stellantis, including its new ‘STLA Brain’ electronic and software architecture, Foxconn and other customers, the two companies said in a statement. “SiliconAuto…

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