Bloomberg Business

Crypto Trader’s Fraud Charges Show DeFi Isn’t Outside the Law

(Bloomberg) — Criminal charges against a crypto trader who claimed to have walked away with about $50 million worth of digital assets after exploiting a decentralized finance platform show that even as DeFi remains mostly unregulated, it offers no shield against the legal consequences of alleged fraud.

Lockheed Challenges Textron’s $7 Billion Army Helicopter Win

(Bloomberg) — Lockheed Martin Corp. is protesting the US Army’s choice of Bell Textron Inc. to build the service’s replacement for its mainstay Black Hawk assault helicopter by 2030, a potential $7 billion project that includes development and production if all options are awarded.

US to Require Negative Covid Tests for Travelers From China

The US will require airline passengers coming from China to show negative Covid-19 tests as global concerns over the virus’s spread ratchet higher since the country lifted restrictions aimed at stamping out infections.

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