Court Blocks Grant Program for Black Women Entrepreneurs

A U.S. federal appeals court has suspended the Fearless Fund's grant program for Black women business owners, ruling it discriminatory. The case, brought by the American Alliance for Equal Rights, claims the program violates the 1866 Civil Rights Act. The decision is part of a broader conservative effort against corporate diversity programs. Fearless Fund's CEO called the ruling devastating, while legal counsel is evaluating options to continue the fight. The case is closely watched as a bellwether for the future of diversity initiatives in business.