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Albertsons Loses to AIG, Chubb in Delaware on Opioid Litigation

Albertsons Cos. didn’t meet the threshold to secure insurance coverage for more than 100 lawsuits alleging the grocery chain stoked the opioid epidemic, a Delaware state court ruled, handing the latest loss to corporate policyholders looking for liability insurers to foot the bill for “public nuisance” litigation.

Skechers Ups Offer to Hedge Funds Challenging Price of 3G Buyout

Skechers USA Inc. increased its offer to resolve a lawsuit brought by hedge funds and other investors challenging 3G Capital’s $9.4 billion purchase of the footwear maker after settlement talks failed last year, according to people familiar with the situation.

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OpenAI Floats Idea of Global AI Governance Body With US, China

OpenAI would support the creation of a global governance body for artificial intelligence led by the US and including China as a member, a top company executive said, hours before the start of President Donald Trump’s high-stakes meeting with Chinese President Xi Jinping.

Musk’s xAI Races to Get Wall Street Firms to Use Grok Chatbot

Elon Musk’s xAI has recruited multiple Wall Street firms with ties to the billionaire’s business empire to test its Grok chatbot, according to people familiar with the matter, part of a push to bolster revenue ahead of parent company SpaceX’s initial public offering.