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The lawsuit is the SEC's second in two days against a major crypto exchange, following its case against Binance, the world's largest cryptocurrency exchange, and founder Changpeng Zhao. Crypto companies including Coinbase have said SEC rules are unclear, and the regulator is overreaching by asserting oversight of their industry. Coinbase customers pulled more than $57 million from the exchange within a couple of hours of the filing, according to data firm Nansen. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Changpeng Zhao, Gary Gensler's, Gensler, Paul Grewal, Coinbase's, Nansen, Dado Ruvic, Gurbir Grewal, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Manya, Jason Neely, Louise Heavens, Chizu Nomiyama, Nick Zieminski Organizations: YORK, U.S . Securities, Exchange Commission, SEC, CNBC, Global Inc, Reuters Graphics, REUTERS, Coinbase, New, Blockchain Association, Court, Southern District of, Manya Saini, Thomson Locations: U.S, California, Manhattan, Solana, Cardano, New Jersey, Southern District, Southern District of New York, New York, Washington ,, Bengaluru

☆ Needing Younger Workers, Federal Officials Relax Rules on Past Drug Use
▼ + stars: | 2023-04-30 | by ( Ernesto Londoño | ) www.nytimes.com time to read: +1 min

Not long ago, urinating in a cup for a drug test was a widely accepted, if annoying, requirement to start a new job. The legalization of marijuana in more and more states in recent years upended that, prompting many employers to shelve hiring rules from the “Just Say No” era. There was a major holdout: the federal government, by far the nation’s largest employer. But now, it too is significantly relaxing drug screening rules as agencies struggle to replenish the ranks of a rapidly aging work force in a tight job market. have adopted more lenient rules regarding past use of marijuana among job candidates, officials acknowledge.

☆ South Carolina and Nebraska lawmakers voted down abortion bans, exposing a chasm on the issue for Republicans
▼ + stars: | 2023-04-28 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

— Abortion bans in deeply conservative Nebraska and South Carolina both fell short of advancing in close legislative votes amid heated debates among Republicans, yet another sign that abortion is becoming a difficult issue for the GOP. In South Carolina, lawmakers voted 22-21 to shelve a near-total abortion ban for the rest of the year. Katie Glenn, the state policy director for Susan B. Anthony Pro-Life America, characterized the failure of both proposed abortion bans as disappointing. The failure to advance abortion restrictions has confounded conservatives who dominate both Nebraska and South Carolina and exposed a chasm on the issue of abortion within the GOP. Riepe and some Republicans across the country have noted evidence pointing to abortion bans as unpopular with a majority of Americans.

☆ Uganda: Leading scientists urge President Museveni to veto anti-LGBT bill
▼ + stars: | 2023-04-19 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +3 min

CNN —A group of leading global scientists and academics have signed an open letter urging Ugandan President Yoweri Museveni to veto a hardline bill criminalizing homosexuality in the country. The Anti Homosexuality Bill 2023, which was passed by Ugandan lawmakers in March, is set to be either signed into law or vetoed by the president on Thursday. Before the bill was passed almost unanimously last month, President Museveni called on scientists to establish whether homosexuality was natural or learned. The letter has been signed by 15 leading scientists around the world, from countries including South Africa, the United States, Canada, the UK, Kenya, and Australia. Under the Anti Homosexuality Bill 2023, it would be a crime to even identify as lesbian, gay, bisexual, transgender, or queer.

☆ Adani trumpets stable ties to global banks in bid to ease investor worries, document shows
▼ + stars: | 2023-04-05 | by ( Aditya Kalra | ) www.reuters.com time to read: +3 min

The document, which was reviewed by Reuters, did not elaborate on how the lenders reaffirmed their commitment to the Adani group. Adani group did not respond to a request for comment. Mitsubishi UFJ Financial Group Inc (MUFG) (8306.T), Sumitomo Mitsui Financial Group Inc's (8316.T) SMBC unit, Mizuho Financial Group (8411.T), Standard Chartered (STAN.L) and Deutsche Bank (DBKGn.DE) did not immediately respond. CONCERNS ABOUT DEBTThe Hindenburg report had sparked concern among investors about banks' exposures to the Adani group. Now, 39% of Adani's debt is currently in the form of bonds, 29% is from global banks and 32% comes from public or private banks in India, the Adani document added.

☆ Potential regulator challenges to Big Tech M&A may have far-reaching consequences for the tech ecosystem
▼ + stars: | 2023-03-30 | by ( Paayal Zaveri | April Joyner | ) www.businessinsider.com time to read: +6 min

M&A deals involving large tech companies may get harder as US regulators ramp up scrutiny. If regulators increase scrutiny, it could deter other large tech companies from buying startups. More challenges to proposed tech M&A deals may also mean that the pool of potential acquirers shrinks. Of course, there are cases where a large tech company seeks to buy out a smaller, more innovative competitor because it is scared of getting displaced. "There has to be the hope and dream of selling to a larger tech company some day," Sherman said.

☆ Alibaba founder Jack Ma back in China after months abroad in sign Beijing may be warming to tech
▼ + stars: | 2023-03-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Alibaba founder Jack Ma has been seen in public in China after the first time in several months. The billionaire's reapprance may suggest Beijing is softening its stance toward the technology sector after an 18-month crackdown. Alibaba founder Jack Ma has been spotted in China after spending months abroad in a potential sign that Beijing is warming to technology giants again after a roughly 18-month crackdown on the sector. Ma has been traveling outside of China over the past few months and has been spotted in Spain, Japan and Thailand. "In so doing, the government intends to signal its warmth towards private sector and investors—if even Jack Ma is perceived as having been pardoned, everyone else should feel safe and welcome," Sun said.

☆ Amazon's devices head ditched the Echo in his living room for a smart TV
▼ + stars: | 2023-03-22 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

Amazon said Wednesday it has sold more than 200 million Fire TV devices globally, up from 150 million last January. "I don't have an Echo in there anymore, I just use my TV," Limp said. Limp, as you'd expect, rejects the idea that an Alexa-powered Fire TV will cannibalize the company's Echo devices. A portion of the layoffs, which are expected to total 27,000 employees, landed in Limp's organization, which oversees the development of products such as Alexa, Echo smart speakers and Kindle e-readers. WATCH: Amazon TV is next step for company to move into internet of things

[1/2] The processing facility at an oil sands operations near Fort McMurray, Alberta, September 17, 2014. The company joins Canada's biggest oil producers in urging policymakers to boost public funding for the costly technology that is seen as key to cutting emissions from the carbon-intensive oil sands. Until then, the company will pay Canada's carbon tax, set to rise to C$170 a tonne by 2030, Nicholson said. Canada's oil sands produced a record 3.15 million bpd in 2022 and are forecast to hit 3.7 million bpd by 2030, according to S&P Global. "The oil sands are long-life, low-decline assets," said Wood Mackenzie analyst Scott Norlin.

The Greens in particular, but also the SPD, want to invest more in the transition to a low-carbon economy. The FDP on other hand, seeks a return to solid public finances after signing off on hundreds of billions of euros of exceptional expenditure during the pandemic and energy crisis. German coalition disputes are also spilling over into European Union policymaking, sparking irritation among partners. Proportional representation, for example, means coalition governments are the norm, which can slow down decision-making. However singling out just one minister could could result in that minister's party exiting the coalition, he said.

SYDNEY/BENGALURU, March 3 (Reuters) - Adani shares surged on Friday after a $1.87 billion investment in the group by GQG Partners Inc eased concerns about the group's ability to attract funding, while the conglomerate lined up more road shows to shore up investor confidence. Adani Group will hold road shows this month in London, Dubai and several cities in the United States, according to a document seen by Reuters. Overall, Adani group firms' net debt totalled $24.1 billion as of September 2022. Adani Green Energy and Adani Transmission jumped 5% each. Dollar bonds issued by Adani entities also rallied, with Adani Green Energy's 2024 bond adding 2.3 cents on the dollar to trade at 85.5 cents, while most bonds issued by Adani Ports and Special Economic Zone, Adani Transmission and Adani Electricity Mumbai rose by more than 1 cent.

☆ KKR-backed BMC Software confidentially files for U.S. IPO - source
▼ + stars: | 2023-02-17 | by ( ) www.reuters.com time to read: +1 min

Feb 17 (Reuters) - KKR-backed technology firm BMC Software has confidentially filed for an initial public offering in the United States, a person familiar with the matter told Reuters, offering an early sign of a thawing market after a virtual shutdown for most of last year. As BMC sets out to test the IPO waters, a listing could see the company valued at between $14 billion and $15 billion, depending on the scale of market recovery, the source added. In 2018, private equity giant KKR & Co (KKR.N) had acquired BMC for $8.5 billion, including debt. The U.S. IPO market has recently begun to show some signs of recovery as investor fears around a looming recession and further monetary policy tightening from the Federal Reserve ease. The news of BMC filing for an IPO confidentially was first reported by Bloomberg News.

☆ Democrats Shelve Discharge Petition as Backup Plan to Raise Debt Ceiling
▼ + stars: | 2023-02-10 | by ( Lindsay Wise | Natalie Andrews | ) www.wsj.com time to read: 1 min

WASHINGTON—Top House Democrats have shelved, for now, plans to start a parliamentary process called a discharge petition as a way to force a vote to raise the nation’s borrowing limit, three people familiar with the strategy said. The decision reflects Democrats’ recognition that the petition process, which allows a majority of House lawmakers to bring a bill directly to the floor without the cooperation of leadership, is time-consuming, arduous and rarely successful. Democrats also said House Speaker Kevin McCarthy (R., Calif.) could use procedural maneuvers to thwart a petition should he oppose it.

Adani Group has denied the allegations, saying it complies with all laws and has made necessary disclosures over time. On Monday though, Adani Group said it will pre-pay $1.11 billion of loans on shares. Separately, JPMorgan on Tuesday said the group companies were still eligible for inclusion in the bank's bond indexes. The cumulative losses of Adani group's seven listed companies still stand at $109 billion despite Adani Ports and Special Economic Zone (APSE.NS) also gaining 2.6% on Tuesday and Adani Wilmar (ADAW.NS) adding 5%. Many Adani group companies report results this week.

☆ China's cities are struggling to pay their bills from three years of Covid and a real estate crash
▼ + stars: | 2023-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Rolling lockdowns seriously dented household incomes, leading many to reduce spending, which in turn resulted in less tax revenue for local governments. “China’s runaway local debt poses a serious threat to the country’s overall economic health and will weigh heavily on China’s still-nascent recovery,” said Singleton. Debt that is backed by local governments but which doesn’t show up on their balance sheets could be much bigger. That’s more than 20% higher than the estimate of 53 trillion yuan made by Goldman Sachs in 2021. Their debt squeeze could pose a serious threat to China’s financial system, particularly to small regional banks.

☆ Japan Inc strives to lure skilled workers as inflation, labour crunch bite
▼ + stars: | 2023-01-30 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +7 min

[1/2] A worker assembles an air drill at the factory of manufacturer Katsui Kogyo in Higashiosaka, Japan June 23, 2022. About a quarter of Japanese firms have offered inflation allowances or plan to do so, said corporate credit research firm Teikoku Databank. read moreThe private sector expects the drive to help boost productivity, meshing with Prime Minister Fumio Kishida's "new capitalism" initiative on wealth distribution that put a top priority on wage hikes. "Bonuses or inflation allowances would have only a limited impact on easing the pain of cost-push inflation, as consumers tend to save one-off payouts rather than spend," added Kiuchi, now an executive economist at the Nomura Research Institute. Workers have high expectations from this year's labour talks, which they hope will counter cost-push inflation while tackling the tight labour market to help boost the economy.

☆ News Corp plans to sell real estate giant Move Inc, valued at $1.4 billion, to CoStar as Rupert Murdoch shelves proposed merger of News Corp and Fox
▼ + stars: | 2023-01-25 | by ( Claire Atkinson | Daniel Geiger | ) www.businessinsider.com time to read: +3 min

News Corp is in talks to sell Move Inc, the operator of listings site Realtor.com, to CoStar. The news comes as executive chairman Rupert Murdoch shelves a News Corp merger with Fox. News Corp is planning to sell Move Inc., the California-based operator of Realtor.com and other real estate listings sites, to CoStar, a commercial real estate data and technology firm. One News Corp shareholder, Irenic Capital, had argued against the merger, suggesting that News Corp could benefit shareholders if it unlocked the value of its holdings including Dow Jones and the real estate assets. The balance is held by News Corp's digital real estate subsidiary REA.

☆ Ongoing headaches with F-35 fighter jets are rippling through the rest of the US military's combat aircraft fleet
▼ + stars: | 2023-01-12 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

US Air Force maintainers work on an F-35A at Nellis Air Force Base in Nevada in February 2020. Nial BradshawRussia's air force has been mocked for poor maintenance that has undercut its airpower in the Ukraine war. Particularly troubling was a November 2022 GAO study that analyzed readiness of 49 US military aircraft models between 2011 and 2021. A reassembled F-35A is hoisted during a training course at Hill Air Force Base in September 2022. The Air Force, Navy and Marine Corps together plan to spend $20.2 billion a year for tactical aircraft development and procurement between now and 2027.

But too often, this behavior is an excuse for avoiding the mucky work of maintaining relationships, both personal and professional. Many managers and employees want to escape the unchecked animus they experience online, preferring the workplace feel like a safe cocoon. This year we should all work to reverse the trend and lean in to conflict — and conflict resolution — instead. Perfectionism affects and, in turn, limits the ways we feel safe communicating, which makes perfect sense. The pandemic, not surprisingly, is another culprit, exacerbating students’ experience of relational tension.

☆ Analysis: Will Netanyahu clip the wings of his new cabinet hawks?
▼ + stars: | 2022-12-30 | by ( Dan Williams | ) www.reuters.com time to read: +6 min

Both are West Bank settlers averse to Palestinians' self-rule - let alone their hopes of statehood. Netanyahu's previous 15 years as premier saw him feathering the nests of the hawks in his cabinet - or clipping their wings - as he deemed necessary. But that may have to wait, as Ben-Gvir's portfolio does not grant major powers in the West Bank, which is under the overall control of the military. Arguably, Ben-Gvir, 46, and Smotrich, 42, can afford to shelve some of their agendas for this round with Netanyahu, 73. Smotrich's advocacy of Jewish claims on the West Bank is informed by a doctrinaire faith in Bible prophesy.

☆ Edgy Campaigns Are Out, TikTok Won’t Stop and Other 2023 Predictions for Marketers
▼ + stars: | 2022-12-19 | by ( Patrick Coffee | ) www.wsj.com time to read: +11 min

Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Most campaigns will focus on discounts to customers or showcase the usefulness of a company’s products, he said. Under this form of marketing, ad firms generally get paid upon completion of a desired end, such as a sale or download. In short, consumers should expect less “vacuous virtue-signaling” from marketers in the coming months, according to Mr. Proulx. But these platforms’ very struggles could result in ad bargains for marketers, said Mr. Solomon of Therabody.

☆ Michael Jordan: The NBA has renamed its MVP trophy after the Bulls great
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +15 min

Andrew D. Bernstein/NBAE/Getty Images Jordan poses for a Little League Baseball photo in the late 1970s. Ken Levine/Getty Images Jordan famously shrugs his shoulders after hitting another 3-pointer during the 1992 NBA Finals versus Portland. "There is a reason you call someone the Michael Jordan of ... neurosurgery, or the Michael Jordan of rabbis, or the Michael Jordan of outrigger canoeing. Chip Somodevilla/Getty Images Jordan continues to promote Nike's Jordan Brand across the world. Jordan Brand/Getty Images Jordan cries at the Kobe Bryant memorial in Los Angeles in February 2020.

☆ 'Top Gun' and 'Avatar' nab Golden Globe nominations, pointing the way for the Oscars
▼ + stars: | 2022-12-12 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —The cliché about award shows is that it’s an honor just to be nominated. Having endeavored to address those issues on both fronts, the Globes are here again, although not everyone has embraced the event or the HFPA with open arms. "Avatar: The Way of Water" debuts Dec. 16. The steep decline in award-show viewing, exacerbated by the pandemic, hasn’t made studios or talent any less enthusiastic about earning such recognition. In that sense, however tarnished the Golden Globes might be, its example could be another factor that helps point the way for the Oscars when those nominations are unveiled in January.

But many are delaying IPOs amid a stock market rout that has raised concerns over frothy tech valuations. In a statement to Reuters, Snapdeal said it has decided to withdraw the IPO prospectus "considering the prevailing market conditions", without elaborating. It adding that Snapdeal may reconsider an IPO in future depending on its need for capital and market conditions. The change of Snapdeal's plans comes as tech stocks in India that listed in recent years face investors' wrath. In August, TPG and Prosus-funded Indian online pharmcy PharmEasy withdrew papers for its $760 million IPO, while Warburg Pincus-backed seller of wireless earphones, boAT Lifestyle, also withdrew its papers in October.

☆ Live Results: Democrat Raphael Warnock and Republican Herschel Walker face off in the Georgia Senate runoff
▼ + stars: | 2022-12-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Raphael Warnock and Herschel Walker are fighting to the finish in Georgia's Senate runoff. Warnock is seeking a full 6-year term, while Walker hopes to knock off the incumbent Democrat. Both parties see the Senate runoff as a proving ground in advance of the 2024 presidential election. Before Warnock and Ossoff won their races last year, a Democrat hadn't won a US Senate seat in Georgia since Zell Miller in 2000. Walker has raised $58.3 million, spent $48.5 million, and has $9.8 million left to spend, as of November 16.

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