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U.S. businesses need to prepare for the 'volatile and unstable regulatory landscape' brought by President Trump's executive order. The order aims to block certain state-level AI laws, sparking constitutional controversy, but existing state laws remain enforceable.
Seattle federal judge John Chun on December 12 approved a shareholder motion to reconsider naming former Starbucks CFO Rachel Ruggeri as a defendant in the 'Triple Shot' case, involving control person liability under Section 20(a) of the Securities Exchange Act. A prior ruling on November 19 had dismissed all claims against Ruggeri.
Trump signed an executive order directing Attorney General Pam Bondi to form an AI litigation task force within 30 days to challenge state AI laws and calling for a national AI policy framework to supersede state laws. The move drew criticism from Senator Amy Klobuchar and others, but analysts believe corporate AI governance strategies will not change as a result.
Intuit has launched a new AI-driven platform designed to help growing and mid-market businesses turn data chaos into actionable insights, supporting real-time decision-making. The platform includes Intuit Enterprise Suite and Intuit Accountant Suite, which use AI agents to automate tasks, saving time and improving efficiency.
The latest Business Roundtable survey shows that confidence among CEOs of major U.S. companies rose this month, but employment plans have trended toward contraction for three consecutive quarters, with the willingness to lay off workers reaching its highest level since the Great Recession. Expectations for sales and capital expenditure improved slightly, and labor costs are regarded as the primary factor in inflation. The Federal Reserve cut interest rates by 25 basis points on the same day, with internal disagreements over inflation and employment risks.
During Costco's fiscal 2026 first-quarter earnings call, the company revealed that stores using pre-scanning technology have seen checkout speeds improve by 20%, and AI is being used for prescription drug price comparison and automated inventory replenishment. The CFO said efficiency gains from technology have fully offset wage and labor hour costs, but rising medical expenses continue to weigh on SG&A performance.
GlobalFoundries announced on Wednesday that Sam Franklin will officially serve as Chief Financial Officer, after holding the interim CFO role since October. The appointment comes about two months after former CFO John Hollister left for personal reasons. CEO Tim Breen stated that Franklin's leadership and financial expertise will help the company capitalize on opportunities presented by AI.
Lululemon announced on Thursday that CEO Calvin McDonald will step down at the end of January 2026, appointing CFO Meghan Frank and Chief Commercial Officer André Maestrini as interim co-CEOs. The company is seeking a new chief executive as its North American sales decline.
Dropbox announced on Wednesday that it has appointed Ross Tennenbaum, President of tax compliance software company Avalara, as its new Chief Financial Officer (CFO), effective December 16. Tennenbaum will succeed Tim Regan, who has decided to resign after serving as Dropbox's CFO for more than five years and being with the company for nine years. This executive change comes as Dropbox reports a slight decline in third-quarter revenue, with plans to strengthen the promotion of its AI search tool, Dash, and optimize its core storage business.
MoneyGram International announced the appointment of Marc Winniford as CFO, who spent 17 years at Wells Fargo and served as CFO of the corporate and investment banking division since 2022. The appointment comes at a critical time as the company advances its digital transformation following privatization.