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cial media firms face hefty fines under australia's new child protection law
Global social media companies could face fines up to A$50 million ($32.5 million) under new Australian legislation aimed at banning children under 16 from having accounts. The bill mandates that these firms take reasonable measures to prevent underage access, with penalties for systematic violations.
court upholds forced sale of broadband provider by sanctioned russian firm
LetterOne Holdings, a UK investment firm established by sanctioned Russian billionaires, has failed to overturn a British government-ordered sale of a broadband provider. The High Court ruled the government's decision was fair and reasonable, dismissing the challenge from the firm founded by Mikhail Fridman, Petr Aven, and German Khan.
The Supreme Court's recent ruling allows telecom service providers to claim Cenvat credits on excise duties for infrastructure like mobile towers, significantly enhancing the financial health of the telecom sector. This decision is expected to release over Rs 1,000 crore in working capital, facilitating accelerated digital infrastructure development across India. The ruling overturns a previous Bombay High Court decision, aligning with the Delhi High Court's stance and promoting fairness in taxation.
home care industry legal update on election impacts and future regulations
Join Polsinelli, NAHC, PQHH, and HCAOA for a crucial legal update on the Home-Based Care Industry in 2024. The session will address the political landscape's impact on key initiatives, including the FTC's non-compete ban, immigration reform, and reimbursement rates.The agenda includes a summary of election results, forecasts for legislation and regulation, anticipated state initiatives, and the influence of private equity in the sector.
enators urge investigation into musk putin calls over national security concerns
Two U.S. senators have requested investigations by the Pentagon and DOJ into alleged calls between Elon Musk and Vladimir Putin, citing national security concerns. They question Musk's reliability as a government contractor and the risks of SpaceX's monopoly on critical space capabilities. NASA Administrator Bill Nelson also expressed the need for an investigation, emphasizing the potential implications for national security.
UnitedHealth is defending its $3.3 billion acquisition of Amedisys against a DOJ lawsuit aimed at blocking the deal due to antitrust concerns. Optum, a subsidiary of UnitedHealth, argues that the merger will enhance care delivery and competition in the home health market, which remains highly competitive. The DOJ previously attempted to challenge UnitedHealth's acquisition of Change Healthcare in 2021, but that lawsuit was unsuccessful.
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