Bloomberg Business

(Bloomberg) — FTX co-founder Sam Bankman-Fried, who has been in jail in the Bahamas, has agreed to be sent to the US to face multiple criminal charges.

Kathleen Moriarty, a lawyer who played an instrumental role in the creation of the first exchange-traded fund, has died. She was 69.

(Bloomberg) — Elon Musk’s Twitter-related headaches multiplied Tuesday, with the US Federal Trade Commission widening an investigation into the company’s handling of user data and police in Southern California seeking information about an alleged vehicle assault that might involve a member of his security detail.

(Bloomberg) — New Zealand will set levies on greenhouse gases from the nation’s farms at the lowest possible level so as not to overburden primary producers. 

Treasuries slumped for a third straight day Tuesday in the wake of a surprise tweak by the Bank of Japan to its policy of yield curve control that fueled debate about whether a nascent rally in bond markets is now over or just on pause.

(Bloomberg) — Elon Musk pushed back on criticism from one of Tesla Inc.’s most vocal supporters amid growing concern about the chief executive officer’s ability to manage Twitter Inc. and his other businesses.

Sparks Energy Inc., which provides storm response and other power infrastructure services, is nearing a deal to go public through a merger with 10X Capital Venture Acquisition Corp. III, a blank-check firm, according to people with knowledge of the matter.

(Bloomberg) — The Australian federal and New South Wales state governments will spend A$7.8 billion ($5.2 billion) on new electricity transmission to support more renewable power, as they rush to fill a looming energy shortage left by closing coal-fired plants.

The Bank of Japan’s sudden policy adjustment is ramping up pressure on the country’s international investors to hedge their foreign assets, a move that could send the yen even higher, according to Societe Generale SA.

US stocks oscillated between gains and losses throughout a volatile session on Tuesday, with technology shares still under pressure after last week’s hawkish central bank turn. Treasuries slumped, with the global bond market digesting the Bank of Japan’s sudden increase in its yield trading band.