EU Working on Plan to Delay Tariffs on EV Trade With the UK
The European Union is working on a plan that could delay the introduction of tariffs on electric vehicles shipped between the bloc and the UK, according to people familiar with the matter.
Bloomberg Business
Stablecoin Market Shrinks to Smallest Amount in More Than Two Years
PayPal Holdings Inc.’s widely touted introduction of its own stablecoin has done little to stop the contraction the of digital-asset sector that underpins the trading of most cryptocurrencies.
Gary Wang Says His Friend SBF Lied in Tweet: ‘FTX Was Not Fine’
A few days before FTX filed for bankruptcy, Sam Bankman-Fried sent out a tweet reassuring customers and investors that the cryptocurrency exchange and its assets were in good shape.
Google Rejects Trudeau’s Olive Branch, Threatens News Link Block Over New Law
Alphabet Inc.’s Google moved closer to blocking Canadians from viewing news links on its search engine, after it rejected government regulations meant to placate its concerns about an impending online content law.
G-7 Plans to Ask AI Companies to Agree to Watermarks, Audits
The Group of Seven nations are preparing to ask tech companies to agree to a set of rules to mitigate the risks of artificial intelligence systems as part of a proposal aimed at uniting the divided approaches in Europe and the US.
Treasuries Tumble With US Payroll Growth Blowing Past Estimates
(Bloomberg) — The painful reckoning underway in US government bonds entered a new phase this week as strong labor-market data drove long-maturity yields to new multi-year highs, with 30-year yields increasing the most since December.
Restaurants Retaining Workers Helps Fuel Blowout US Jobs Report
On the surface, the latest US jobs data suggest restaurants and bars are hiring at a blowout pace. But in reality, they’re probably just thinking twice about layoffs.
Quant Hedge Fund Two Sigma Accuses Employee of Misconduct That Cost Clients Money
Quant hedge fund Two Sigma Investments said it put a researcher on leave after the employee tampered with the $60 billion firm’s models, which resulted in losses for some clients.
FTX Latest: Caroline Ellison to Testify Next Week After Wang
FTX co-founder Gary Wang is on the stand Friday in the trial of Sam Bankman-Fried, the cryptocurrency exchange’s other co-founder. Wang, Bankman-Fried’s MIT roommate, is the first of three star witnesses testifying for the government.
Hedge Funds Won Big on Bets Amgen-Horizon Deal Would Go Through
Hedge funds Pentwater Capital Management, HBK Investments and Farallon Capital Management are reaping a windfall from bets that US regulators wouldn’t be able to stop Amgen Inc. from completing its $28 billion takeover of Horizon Therapeutics Plc.
