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  Key Takeaways UK Supreme Court quashed Tom Hayes and Carlo Palombo’s convictions due to unfair trials . Jury misdirection deemed central to unsafe convictions—no retrial planned . Traders served 5.5 and 4 years respectively; Hayes lost family, career, mental health . Cases expose alleged scapegoating post-2008 crisis; US cleared all similar charges by 2022 . 7 other UK convictions may be challenged; calls for SFO reform and public inquiry . The Gavel Falls — Differently The wood-paneled silence of the UK Supreme Court cracked open yesterday. Tom Hayes and Carlo Palombo walked in as convicted felons. They walked out cleared men. Ten years of appeals, prison time, broken marriages—gone with a judicial pen stroke. The court didn’t exonerate their actions. It shredded the trials that put them away. Jury instructions were flawed. Unfair. Unsafe. The  Serious Fraud Office  won’t retry. Too late anyway . Who Were These Men? Tom Hayes traded for UBS and Citigroup. Carlo Palombo...

Key Takeaways Skydance commits to 2-year CBS News ombudsman role reporting to Paramount’s president to evaluate bias complaints . Paramount eliminated all DEI programs in February 2025, removing diversity hiring goals and its Office of Global Inclusion . FCC Chairman Brendan Carr conditioned merger approval on DEI elimination, calling such programs “invidious discrimination” . $16M Trump lawsuit settlement preceded the FCC deal, with rumors of $20M more in PSA commitments . The Ombudsman Gambit Skydance lawyer Stephanie Kyoko McKinnon put it in writing July 22. An ombudsman will take complaints about CBS News. Report straight to New Paramount’s president. For two years minimum. This person judges “bias or other concerns.” McKinnon cited Comcast’s NBCUniversal deal as precedent. Said the FCC liked this setup before. Called it a “mechanism effective in preventing editorial bias.” Jeff Shell becomes New Paramount’s president. David Ellison sits as CEO. They want this merger done . DEI Dis...