The Justice Department has opened an antitrust case targeting leading US egg producers, according to a Wall Street Journal report. The action signals federal prosecutors are scrutinizing whether major players in the egg supply chain coordinated pricing or supply in ways that violate competition law. The egg industry has faced sustained public and political pressure over sharp price increases in recent years, with a dozen eggs reaching record highs that drew congressional attention and consumer backlash. An antitrust case of this nature typically examines whether producers engaged in price-fixing, output restriction, or other collusive conduct, mechanisms that, if proven, would constitute per se violations under the Sherman Act. A successful prosecution or settlement could reshape pricing dynamics across the egg market, expose producers to significant civil and criminal liability, and invite follow-on private litigation from buyers and distributors. Watch for formal charges or grand jury activity as the next signal of how aggressively DOJ intends to pursue the case.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
