SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
DOE Declares Power Grid Emergency as Extreme Heat Strains PJM Electricity Supply 
US Supreme Court Strikes Down Hawaii Gun Carry Law on Private Property 
US Judge Seeks Explanation for DOJ’s Decision to Drop Gautam Adani Bribery Case 
Italy Investigates Microsoft Over Microsoft 365 AI Subscription Price Hike 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Trump Administration to Launch Voluntary AI Standards for Frontier Models 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
Australia Plans Higher Fines for Social Media Firms Failing to Block Underage Users 
Smithsonian Rejects White House Claims of ‘Anti-American’ Bias 
Vietnam’s population hit the 100 million milestone. Where’s it headed? 
SK Hynix’s $28 Billion U.S. Share Sale Draws Massive Demand Amid AI Chip Boom 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
The U.S. Department of Justice has launched a grand jury investigation into allegations involving United Auto Workers (UAW) President Shawn Fain, according to internal union documents reviewed by Reuters. The probe focuses on claims that Fain improperly used his authority to benefit his fiancée and retaliated against senior union official Rich Boyer after he objected to those actions.
The investigation was disclosed in a June 18 email from the lead counsel for the independent federal monitor overseeing the UAW. The email stated that the monitor would withhold detailed findings related to the allegations out of respect for the ongoing DOJ grand jury investigation and would not publicly disclose the existence of the probe at that time.
Fain has strongly denied the allegations, describing the monitor’s findings as "bogus" and politically motivated. He claimed Boyer provided false information to the monitor and alleged that federal monitor Neil Barofsky holds a personal and political grudge stemming from disagreements over the UAW leadership’s call for a Gaza ceasefire in 2024.
The investigation comes as Fain seeks a second four-year term as UAW president in an election scheduled for later this year. Boyer is among the candidates challenging Fain for the union’s top leadership position.
The UAW declined to comment on the investigation. A lawyer representing the union stated that the organization itself is not the subject of the grand jury inquiry. The Department of Justice also declined immediate comment, while Boyer and his attorney did not respond to requests for comment.
The UAW has remained under federal oversight since a 2020 settlement that resolved a wide-ranging corruption scandal involving former union leaders. More than a dozen officials pleaded guilty to embezzling union funds for personal expenses, including luxury travel, liquor, cigars, golf outings, and hotel stays. Two former UAW presidents were sentenced to prison, prompting ongoing federal monitoring aimed at strengthening accountability and transparency within the union.
