Bloomberg Business

Ex-Trump Fundraiser Tells Pras Michel Jury of 1MDB Plot

Former top Republican fundraiser Elliott Broidy gave federal jurors an inside account of how he and Grammy-winning rapper Pras Michel reaped payouts from a Malaysian tycoon to lobby President Donald Trump’s administration to help end a federal investigation into the 1MDB scandal.

Traders Rush to Cover Options Exposure During Peak Fed Uncertainty

Bond traders, lacking conviction about what the Federal Reserve will do next, have been dumping positions in interest-rate options at a breakneck pace. That’s also putting downward pressure on rate volatility following a surge in the immediate aftermath of the failure of Silicon Valley Bank.

The Spread Between AMC and APE Shares Is Narrowing

The gap between AMC Entertainment Holdings Inc.’s common-stock price and its preferred shares is narrowing significantly, as a lawsuit settlement boosted expectations that the conversion between the two units will go through.

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