Bloomberg Business

Ex-Goldman Associate Charged With Insider Trading

Federal prosecutors charged a former employee at Goldman Sachs Group Inc. and Blackstone Inc. with securities fraud for allegedly tipping his friends to at least half a dozen deals.

Uber Freight Taps AI to Help Compete in Tough Cargo Market

With cargo shipments falling in the post-pandemic era, some shippers have turned to artificial intelligence to boost efficiency. The freight unit of Uber Technologies Inc. has tapped its vast data files to use AI to predict late shipments — and make suggestions for alternative routes.

IMF Says Argentina’s Spending Adds Risks to $44 Billion Deal

A public spending boom and generous tax cuts carried out by Argentina’s Economy Minister Sergio Massa, who’s also running for president in the October election, pose new setbacks to the country’s $44 billion program with the International Monetary Fund, according to the Washington-based lender.

J&J Sees Talc-Suit Surge After $9 Billion Settlement Tossed

Johnson & Johnson has seen at least a 28% surge in new lawsuits claiming its talc-based Baby Powder causes cancer a little more than five weeks after the company’s plan to resolve the cases was tossed from bankruptcy court.

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