In a significant development for food delivery platforms and restaurant operators in New York City, DoorDash $DASH, Grubhub, and Uber Eats $UBER have settled their federal lawsuit challenging the city’s delivery fee cap. The dispute arose from a law enacted in May 2020 amid the COVID-19 pandemic that restricts the maximum commission fees these platforms can charge restaurants for delivery services. The agreement, filed in Manhattan federal court on Wednesday, allows occasional fees exceeding the current legal cap under revised city legislation.

On Tuesday, NYSE Arca submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval for listing the Truth Social Bitcoin Exchange-Traded Fund (ETF). Since their debut in January 2024, Bitcoin-focused ETFs have gained considerable traction, attracting billions of dollars in investment as market participants increasingly seek regulated and liquid instruments to access cryptocurrency exposure. This move coincides with related filings by Trump Media and Technology Group $DJT, which recently applied to trademark six investment products linked to Bitcoin, as well as the U.S. manufacturing and energy sectors.

Merck & Co. $MRK has reportedly entered discussions to acquire Swiss biotech firm MoonLake Immunotherapeutics $MLTX in a deal exceeding $3 billion, according to sources cited by the Financial Times. This potential acquisition underscores a broader industry trend where big pharma firms target clinical-stage biotech companies with promising late-stage assets to boost their immunology and specialty drug pipelines.