Finance

Credit Acceptance Corporation has reached a settlement with 41 state attorneys general that provides $694 million in cash and debt relief nationwide. In Georgia, $28 million will be paid directly to 4,890 consumers. The lawsuit alleged the company used deceptive, unfair and abusive practices in its subprime auto lending, including approving loans for borrowers it allegedly knew could not afford them.

Newly unsealed court filings show Microsoft and OpenAI executives discussed internally whether their AI systems were built using publishers’ content taken without permission. One Microsoft internal document described large-scale scraping of creative work as an “astonishing theft of unprecedented proportions,” adding that creators were not compensated. The filings also cite evidence that Bing Chat reproduced articles nearly verbatim, that GPT memorized more than 100 New York Times articles, and that the Times’ click-through rates fell 87% to 93% when users searched via Bing Chat rather than traditional web search.

Delta Air Lines plans to lift its daily flight volume at Los Angeles International Airport (LAX) to more than 200 at the peak of summer 2027, serving nearly 70 destinations. The carrier says it will be LAX’s largest airline by flights, seats and premium seats during summer 2027. Delta also announced new routes to Monterey and Philadelphia, and plans to increase service on the Raleigh-Durham route. The airline previously invested $2.3 billion in its Sky Way project connecting Terminals 2 and 3.

Tyson Foods and eight major pork processors agreed to pay $117 million to settle a class action. The lawsuit alleged the companies exchanged competitively sensitive information through Agri Stats to coordinate pork prices and supply, in violation of antitrust law. Tyson will pay the largest share, $85 million. The settlement covers consumers who indirectly bought pork products between 2014 and 2018, and all defendants deny wrongdoing.

A US jury found in favor of Stratasys in its patent infringement lawsuit against Bambu Lab, awarding about $27.6 million in damages. The verdict determined that Bambu Lab infringed four patents related to desktop 3D printing. Bambu Lab said it will appeal the decision. Stratasys filed the case in August 2024 and initially alleged infringement of ten patents.

Anthropic is expected to go public later this year at a valuation of about US$2 trillion, and could file with the SEC as early as this month. That would put it ahead of OpenAI, whose CEO has said the company plans to delay an IPO until 2027. OpenAI is also in talks with investors to raise a new funding round at a valuation of at least US$1.2 trillion.

A U.S. federal judge has made public a detailed remedies framework in Google’s ad tech antitrust case, though the specific terms have not yet been disclosed. Alphabet shares edged higher on Thursday, as investors’ initial reaction to the potential remedy appeared muted.

U.S. diesel prices hit a record $6.29 per gallon this week, up 68% from a year earlier, pushing up farmers’ fuel and transport bills across the Midwest and California. Some producers say daily fuel costs for a combine have doubled to as much as $1,500. Freight costs are also rising, including a 40% to 120% year-on-year jump to move produce out of California, adding pressure to the food supply chain, according to Energy Information Administration data.

Pfizer reported Q2 2026 results led by $15.03B Revenue and $0.77 Adjusted EPS, and PFE shares moved +1.52% in the completed reaction session. The analysis explains the earnings mix, financial outlook and three-month technical levels.

Costa Coffee has lost its position as the UK’s largest coffee chain after budget bakery Greggs moved ahead on store numbers. Costa reported losses of more than £13m for 2024, and parent company Coca-Cola’s planned sale of the brand fell through after bids and interest were reportedly significantly lower than expected. The UK coffee shop economy grew to £6.8bn in 2025, with more than 12,300 branded outlets, keeping competition intense.