The coming Supreme Court decisions that could ripple across the business world

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Supreme Court News

Social Media,Consumer Financial Protection Bureau,Federal Agencies

The nation's highest court is expected to make rulings that could limit the reach of social media, the ability of federal agencies to crack down on companies...

The Supreme Court is weighing new boundaries for corporate America as its term ends in the coming weeks.

It argues that social media companies are entitled to their own First Amendment right to block users and user content from their platforms.But during oral arguments, justices from both sides of the ideological spectrum questioned whether the platforms' First Amendment claims conflicted with past Section 230 claims.

The Supreme Court has already shown in its decision on Thursday, which kept the CFPB intact, that it is not always receptive to cases that challenge the authority of federal agencies. The case at issue here is a high-profile dispute involving bankrupt OxyContin manufacturer Purdue Pharma and the billionaire Sackler family that once controlled it.Purdue filed for bankruptcy protection in September 2019 — under the pressure of thousands of lawsuits blaming it for fueling the opioid crisis — but none of the Sackler family members declared bankruptcy.

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