GUnitedHealth shareholders sue company over ‘corporate governance failures on a historic scale’ UBS fined record $125 million for money laundering violations$125 million civil penalty to the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law.FinCEN said the fine is the largest ever assessed against a broker-dealer for BSA violations.The settlement marks FinCEN's second enforcement action against UBS Financial Services, a subsidiary of the Swiss bank UBS. The firm had previously paid a $14.5 million penalty in December 2018 for similar failures, including inadequate monitoring of foreign currency wire transfers.Despite assurances to regulators that it would fix the underlying problems, the firm subsequently failed to monitor more than 50,000 foreign currency wires with a combined value exceeding $10 billion.SEC launches new enforcement unit aimed at accounting fraudHow??The unit will be housed within the SEC’s Division of Enforcement and staffed by both attorneys and accountants with specialized skills related to financial reporting, accounting, and auditing in securities regulation, according to the announcement.The announcement is “a little surprising” given the SEC’s current deregulatory focus under Chair Paul Atkins, Rebecca Fike, a partner in Reed Smith’s regulatory and enforcement group, told CFO Dive.Andreessen Horowitz Focus of DOJ Probe Over Board DirectorsBIG DATA and AI BS Gwyneth Paltrow is rumored to be throwing a party for AI mogul Sam Altman. People don’t love the opticsPaltrow played WeWork Rebekah NeumannAnthropic is embedding invisible watermarks in Claude text and images Young People Hate AI CEOs So Passionately That It’s Almost Hard to BelieveCNBC survey asked over 1,000 US adults aged between 18 and 34Asked “who do you trust to act responsibly on AI?” the vast majority of participants said they “don’t trust” any of the nine figures.Palantir’s extremely controversial CEO Alex Karp scored the lowest, with 81 percent choosing “don’t trust,” while Microsoft CEO Satya Nadella fared the best — albeit with a pitiful 35 percent “trust” score.Everyone else fell in between: 79 percent of respondents said they don’t trust Peter Thiel, while a whopping 71, 70, and 69 percent said they “don’t trust” Mark Zuckerberg, Elon Musk, and Sam Altman, respectivelyMeta, others lose appeal to drop thousands of social media addiction lawsuitsA U.S. Appeals Court [Judge Jacqueline Nguyen] said that thousands of lawsuits targeting Meta Platforms, ByteDance's TikTok and other social media outlets over claims that social media is harmful and addictive can proceed.The court also denied Meta's request to postpone a trial over allegations that they used data from children to keep them on its platforms.AI data center outrage is showing up everywhere from ads to electionsSpirit Flight Attendants Fight Google’s Data Bid for AIThe flight attendants want assurance that their confidential information will be removed from the sale of the defunct airline’s digital recordsCULTURE WARSThe 'MAGA Alternative to Amazon' Is Fighting for Survival After Nearly $160M in Losses and 99% Stock CrashPublicSquare's marketplace has struggled to grow despite political backing, prompting a costly shift to financial servicesDisney is suing the FCC in a departure from former CEO Bob Iger's strategy US firms that kept DEI policies despite ‘go woke, go broke’ threats thrived Ellison Is Now Willing to Sell CNN to Save His $111 Billion DealE Solar Panels on Storage Units: Illinois Is Going All In on This No-Brainer First test flight of largest all-electric aircraft used just $5 of electricity Trump ordered to release billions in climate grants meant for Black communitiesa $2.8 billion program meant to help mitigate the harm from climate change and environmental issues in Black, low-income, and disadvantaged communiti