Companies Celebrate SEC's Legal Setback on Buyback Rule -- And Hope it's a Harbinger

Also, Blackstone raises a new worry about SEC's custody rule; Kalshi sues CFTC for rejecting election contracts

In a ruling that could have repercussions for Gary Gensler’s aggressive agenda, a federal appeals court gave the SEC a month to fix “deficiencies” in a rule that requires companies to disclose more information on stock buybacks. The case, brought by the U.S. Chamber of Commerce, is the first successful legal challenge of a Gensler-era regulation – and a…