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☆ CNBC Daily Open: For banks, big profits don’t mean market gains
▼ + stars: | 2023-07-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The benchmark Stoxx 600 index retreated 0.11%, dragged down by telecom stocks after downbeat news from Nokia and Ericsson. Biggest bank gets biggerJPMorgan Chase's second-quarter net income surged 67% to $14.5 billion, or $4.75 per share. All figures beat Wall Street's estimates — and the bank's own, causing it to raise its expectations for the full year's net interest income.

Persons: Wall, Elon Musk, Sony's, Tanaya Macheel Organizations: JPMorgan Chase & Co, Headquarters, CNBC, Dow Jones, Nokia, Ericsson, Biggest, JPMorgan, First, Revenue, BBC, Activision, Activision Blizzard, U.S, Appeals, Federal, Microsoft, Activision's, PlayStation, of Locations: New York, First Republic, Southern, of New York

In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Ripple's XRP token went up 68% in the last 24 hours, leading a wider rally of major-cap altcoins, as crypto traders digest a key ruling that could stifle U.S. regulator efforts to stamp out digital asset trading. All four tokens were recently singled out as securities in the U.S. Securities and Exchange Commission's formal suits against popular crypto retail trading exchanges, including Binance and Coinbase . But the Thursday summary judgement from U.S. District Judge Analisa Torres calls that classification into question. Ripple maintained that its token is not a security — triggering ongoing confusion over which digital coins fall into which regulatory bucket.

Persons: Ripple's, Algorand's, Analisa Torres, Brad Garlinghouse, Renato Mariotti, Bryan Cave Leighton Organizations: U.S . Securities, Exchange, District, SEC, Labs, San, U.S . Southern, of New, U.S . Justice Department's Securities, Commodities Locations: Paris, France, San Francisco, U.S, of New York, Chicago

The employee, whom the person declined to name, received the letter in the past few weeks after appearing in May before a federal grand jury in Washington. Footage from the cameras at Mar-a-Lago has been at the center of the case against Mr. Trump and was an instrumental part of the evidence used to obtain a warrant to search Mar-a-Lago last August. hauled away a trove of more than 100 classified documents that Mr. Trump had taken with him from the White House and kept even after receiving a subpoena demanding their return. The surveillance footage was also key to the indictment that Mr. Smith’s office brought last month against Mr. Trump and his personal aide, Walt Nauta, in the Southern District of Florida. The indictment charges both men with conspiring to obstruct the government’s efforts to reclaim dozens of highly classified documents and Mr. Trump alone of illegally holding onto the documents after he left office.

Persons: Jack Smith, Donald J, Trump’s, Lago, Trump, Walt Nauta Organizations: Trump Organization, Prosecutors, Lago, White, Mr, Southern District of Locations: Washington, Mar, Florida, Southern District, Southern District of Florida

☆ Crypto scores a key legal victory in long-running regulatory feud
▼ + stars: | 2023-07-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

The news sent the price of XRP, a token designed for cross-border payments, up some 70% to about 92 cents. Torres’ ruling did fall partly in the SEC’s favor, as she found that some of Ripple’s sales — to hedge funds and other sophisticated buyers — did violate securities laws. Gensler has said that most crypto tokens — with bitcoin as a notable exception — are securities that fall under the SEC’s jurisdiction. ‘Some much needed sunlight’Despite the nuance of Torres’ ruling, crypto investors are cheering it as a long overdue win. “This ruling, although nuanced, provides some much needed sunlight and cheer into the altcoin space, those non-Bitcoin tokens.”

Persons: Analisa Torres, XRP, Gary Gensler, Torres ’, Stuart Alderoty, ”, “ XRP, “ We’ll, Gensler, Teresa Goody Guillén, Coinbase, Torres, Sam Bankman, Alex Mashinsky, Mashinsky, Antoni Trenchev Organizations: New, New York CNN, Securities and Exchange Commission, Southern, of, SEC Locations: New York, of New York, United States

☆ Cryptocurrencies head for a winning week after sharp rally fueled by Ripple court decision
▼ + stars: | 2023-07-14 | by ( Tanaya Macheel | ) www.cnbc.com time to read: 1 min

Cryptocurrencies headed for a winning week after a court decision Thursday fueled a sharp, broad crypto market rally. Bitcoin is on pace to end the week higher by about 3%, according to Coin Metrics, and on pace to finish above $30,000. Ripple's XRP led the rally after a judge in the Southern District of New York ruled that it's a security in some cases but not others. XRP is on track to end the week with a 65% gain. The token tied to Solana is up 30.5% for the week, Cardano's ada has gained 21% and Polygon's matic token in on track to finish 25% higher.

Persons: Cryptocurrencies, Ripple's XRP, Cardano's ada Organizations: Metrics, of, Solana, Polygon's Locations: Southern, of New York

☆ Jeffrey Epstein lawsuit: US Virgin Islands seeks $190 million from JPMorgan Chase
▼ + stars: | 2023-07-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

The government for the Virgin Islands said in a court filing it also wants JPMorgan Chase to implement an independent compliance consultant to prevent human trafficking and to separate its business and compliance functions. “This document does not reflect the nature of settlement conversations,” a spokesperson for JPMorgan Chase said. The Virgin Islands’ DOJ filed a brief in the United States District Court in the Southern District of New York on Friday. The Virgin Islands government filed its own lawsuit against JPMorgan Chase in December 2022. JPMorgan Chase CEO Jamie Dimon denied knowing about internal reviews of Epstein’s criminal conduct and his account with the bank when they were happening in depositions for the lawsuit.

Persons: Jeffrey Epstein’s, JPMorgan Chase, Epstein, Jeffrey Epstein, ”, JPM, Virgin, Denise George, Jamie Dimon, “ Organizations: New, New York CNN, JPMorgan Chase, Virgin, JPMorgan, Virgin Islands Department of Justice, Islands ’ DOJ, United States, Court, of, Virgin Islands, US Virgin Islands, ”, Firm, CNN Locations: New York, Florida, Southern, of New York, Manhattan, Beach

It also wants JPMorgan to pay damages to compensate Epstein's victims, pay punitive damages, separate its business and compliance functions, and hire a compliance consultant. The bank also called the U.S. Virgin Islands' arguments for damages "misdirected" and "not well founded." Friday's filing marks the first time the U.S. Virgin Islands has put a dollar figure on its lawsuit. In the U.S. Virgin Islands case, JPMorgan has sought to shift blame. The case is U.S. Virgin Islands v. JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: JPMorgan Chase, Jeffrey Epstein's, Epstein, Ariel Smith, Prince Andrew, Ehud Barak, Ghislaine Maxwell, Cecile de Jongh, Jes Staley, Staley, Jonathan Stempel, Nupur Anand, Luc Cohen, Jonathan Oatis, Deepa Babington Organizations: YORK, U.S . Virgin, JPMorgan, Virgin Islands, U.S . Virgin Islands, Deutsche Bank, U.S ., Barclays, Virgin, JPMorgan Chase Bank NA, U.S, Court, Southern District of, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, British, Southern District, Southern District of New York, New York

☆ Frank founder Charlie Javice gave JP Morgan millions of names and emails for college students she said were customers, but 'it was all fake,' prosecutor says
▼ + stars: | 2023-07-13 | by ( Nate Schweber | ) www.businessinsider.com time to read: +4 min

Javice is accused of grossly exaggerating the numbers of customers she had before her sale to JP Morgan. After hat after the initial deception to JP Morgan Chase, Javice and Amar pivoted to another, Fergenson said. Javice and Amar presented it all in a spreadsheet to JP Morgan Chase, representing all of the names to be Frank users, Fergenson said. Javice's attorney, Alex Spiro, who has alleged that JP Morgan Chase is retaliating against his client for her exposure of their violating of privacy laws, objected. "The government is just regurgitating to the court JP Morgan Chase's civil lawsuit," he said.

Persons: Frank, Charlie Javice, Javice, JP Morgan, Olivier Amar, JP Morgan Chase, Mr, Amar, Micah F, Fergenson, Morgan Chase, Alvin K, Hellerstein, nodded, —, Alex Spiro, Morgan, Judge Hellerstein Organizations: University of Pennsylvania's Wharton School of Business, Forbes, Fast Company, of, Securities and Exchange Commission Locations: Manhattan, Pennsylvania, Southern, of New York

☆ Ex-Celsius CEO is charged with fraud
▼ + stars: | 2023-07-13 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

New York CNN —US prosecutors charged the former CEO of bankrupt cryptocurrency platform Celsius Networks with defrauding customers and misleading them about the company’s business. An indictment unsealed Thursday in New York charges Alexander Mashinsky with securities fraud, wire fraud and commodities fraud. “Mashinsky portrayed Celsius as a modern-day bank, where customers could safely deposit crypto assets and earn interest,” the indictment states. Earlier this year, the New York attorney general’s office also sued Mashinsky for fraud. The Securities and Exchange Commission also filed civil fraud charges against Celsius and Mashinsky, and is seeking to permanently ban him from running an exchange and from buying or selling cryptocurrencies.

Persons: Alexander Mashinsky, Roni Cohen, Pavon, “ Mashinsky, Mashinsky, Sam Bankman, Binance, Benjamin Allee, “ Alex Mashinsky, ” Organizations: New, New York CNN, Commodity Futures, Commission, US, Southern, of, Federal Trade Commission, Securities, Exchange Commission Locations: New York, FTX, of New York

☆ XRP coin surges after judge delivers a huge win to Ripple in its case against the SEC
▼ + stars: | 2023-07-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Ripple's XRP token surged more than 30% at one point on Thursday after a judge in the Southern District of New York ruled that it's "not necessarily a security on its face." The price of XRP was last higher by 28.90% at about 60 cents a coin, according to Coin Metrics. The news gave hope to crypto investors, who breathed a sigh of relief that other altcoins may not be considered securities either. Polygon's matic token gained 11%, while litecoin and the token tied to Solana jumped 8%, and Cardano's token advanced 7%. "Also, it will likely have an important impact on the Binance and Coinbase lawsuits."

Persons: Ripple's, XRP, Cantor Fitzgerald's Elliot Han Organizations: of, Metrics, Solana, CNBC Locations: Southern, of New York, U.S

☆ XRP soars 61% after a judge says the cryptocurrency is not a security in a big win over the SEC
▼ + stars: | 2023-07-13 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

XRP soared as much as 61% on Thursday after a US judge said certain aspects of the sale of the token did not break federal securities laws. The SEC had sued Ripple for the sale of its XRP token in 2020 for the failure to register XRP as a security. US District Judge for the Southern District of New York Analisa Torres said the XRP token is "not necessarily a security on its face." But there are multiple facets of the ruling and it gets complicated depending on the type of sale of XRP. A motion for summary judgement filed by the SEC in its "aiding and abetting" allegations against Garlinghouse and Larsen was denied.

Persons: Brad Garlinghouse, Christian Larsen, of New York Analisa Torres, Torres, Garlinghouse, Larsen, bitcoin Organizations: SEC, Service, US, Southern, of, of New York, Twitter Locations: Wall, Silicon, of New

☆ Crypto Industry Secures Early Victory in Legal Battle With Regulators
▼ + stars: | 2023-07-13 | by ( David Yaffe-Bellany | More About David Yaffe-Bellany | ) www.nytimes.com time to read: +1 min

The cryptocurrency industry secured an early victory in its court battle with U.S. regulators when a federal judge ruled on Thursday that the sale on public exchanges of a digital asset called XRP complied with securities laws. For years, the Securities and Exchange Commission has argued that digital assets constitute securities, like stocks and bonds traded on Wall Street, and should be subject to the same strict regulations. sued two of the largest crypto exchanges, Coinbase and Binance, accusing them of marketing unregistered securities to the public. But the ruling on Thursday in a case involving the crypto company Ripple may complicate that argument and provide fodder for the crypto industry to defend itself in court. sued Ripple in December 2020, accusing the firm of violating securities laws in one of the first major legal fights involving cryptocurrencies.

Persons: Judge Analisa Torres Organizations: Securities and Exchange Commission, Wall, cryptocurrencies, U.S, Southern, of Locations: of New York

☆ Chamber of Commerce asks judge to block Medicare drug price negotiations before October
▼ + stars: | 2023-07-12 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The U.S. Chamber of Commerce on Wednesday asked a federal judge in Ohio to block Medicare's new powers to negotiate drug prices before Oct. 1. They argued that the drug negotiations violate the First and Fifth Amendments of the U.S. Constitution, as well as the separation of powers. The Chamber asked Judge Thomas Rose on Wednesday to block the negotiations before they get under way because they violate the due process clause. Drugmaker Abbvie , a member of the U.S. Chamber and the Dayton, Ohio area chamber, fears that its blood cancer drug Imbruvica will be selected for the negotiations this fall. The Medicare drug price negotiations do not provide these safeguards and impose price caps that are well below a drug's market value, the chamber's lawyers said.

Persons: Xavier Becerra, Drugmakers, Judge Thomas Rose, Drugmaker, Engler, Michael Staff Organizations: U.S . Chamber, Washington , D.C, Commerce, Wednesday, Medicare, Human Services, Constitution, HHS, Sixth Circuit, Appeals, Michigan Bell Telephone Co, Companies, Staff, Merck, Bristol Myers Squibb, Pharmaceutical Research, Manufacturers of America, U.S Locations: Washington ,, Ohio, Dayton , Ohio, Michigan, U.S

[1/2] E. Jean Carroll reacts as she exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, U.S., May 9, 2023. Lawyers for Carroll, 79, also accused Trump of springing his counterclaim too late, to "hold up yet again this otherwise trial-ready, much-delayed case." Trump has appealed the $5 million verdict. A Jan. 15, 2024 trial is scheduled before U.S. District Judge Lewis Kaplan, who handled the earlier trial. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Jean Carroll, Donald Trump, Brendan McDermid, Trump's, Roberta Kaplan, Carroll, Trump, Carroll's, District Judge Lewis Kaplan, Jonathan Stempel, Howard Goller Organizations: U.S, REUTERS, Elle, CNN, District, Carroll, Trump, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Southern District, Southern District of New York, New York

☆ Trump opposes quick trial date in classified documents case
▼ + stars: | 2023-07-11 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Former President Donald Trump on Monday night asked a federal court to hold off on setting a date for the criminal trial over his handling of classified documents, arguing that the unprecedented case requires "a measured consideration and timeline." Their 12-page filing put forward a slew of reasons to "postpone any consideration of a new trial date." They also gestured toward the complexities of discussing classified material in a criminal trial and the potential difficulty of selecting a jury during a presidential election. The attorneys also said they believe the indictment against Trump and Nauta will ultimately be dismissed. Judge Aileen Cannon, a Trump appointee, had initially scheduled the former president's criminal trial to start on Aug. 14.

Persons: Walt Nauta, Donald Trump, Stanley Woodward, James Lawrence King, Trump, Nauta, Aileen Cannon, Trump's Organizations: US Navy, White House, James Lawrence King Federal, Trump, Republican, Southern, Southern District of, Department of Justice, Presidential Records, Justice Department, DOJ Locations: Miami , Florida, Southern District, Southern District of Florida

☆ Fox News regular who accused Hunter Biden of having nefarious ties to China is now being charged with having nefarious ties to China
▼ + stars: | 2023-07-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Gal Luft claims he has proof of Hunter Biden profiting off his family name in deals with China. Luft himself has been charged by the DOJ with false statements and being a foreign agent of China. After months of secrecy surrounding the charges against Luft, the indictment has been unsealed. Prosecutors allege Luft created a written "dialogue" between Woolsey and an associate at CEFC China Energy, a state-run energy company, which was then published in a Chinese newspaper online. Christopher Clark, a lawyer for Hunter Biden, did not immediately respond to Insider's request for comment.

Persons: Gal Luft, Hunter Biden, Luft, Hunter, —, Trump, James Woolsey, Donald Trump's, Woolsey, LUFT, Biden, Biden's, Joe Biden's, Joe Biden, Christopher Clark, I'm Organizations: Service, DOJ, US, Monday, Foreign, Office, of, Luft Prosecutors, Global Security, New York Post, Central Intelligence Agency, Prosecutors, CEFC China Energy, United Arab, NY, China Energy, FBI, Biden, Washington Post, NY Post Locations: China, Wall, Silicon, Chinese, Cyprus, FARA, Southern, of New York, Libya, United Arab Emirates, Brussels, Belgium, —

The producers and a licensing company co-owned by L.M. Montgomery wrote "Anne of Green Gables," about the title character's childhood in a fictional town on Prince Edward Island, in 1908. New York-based Anne With An E LLC produces "Anne of Green Gables: A New Musical." The licensing company countersued the producers for trademark infringement in May and said the new musical would confuse consumers. The case is Anne With An E LLC v. Anne of Green Gables Licensing Authority Inc, U.S. District Court for the Southern District of New York, No.

Persons: Producers, Anne, Montgomery's, Prince Edward Island, Montgomery, Anne of, Cameron Reuber, Peter Sloane, Leason Ellis, Marc Rachman, Davis, Gilbert Read, Anne of Green, author's, Blake Brittain Organizations: Gables, L.M, Green, Broadway, Authority, Southern, of, Anne of Green Gables, Thomson Locations: Manhattan, Canadian, Prince, Gables, . New York, Green Gables, Connecticut, of New York, Washington

☆ Steve Bannon ordered to pay nearly $500,000 in legal fees to firm that represented him in subpoena fight
▼ + stars: | 2023-07-10 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —A New York judge has ordered Steve Bannon to pay his former attorneys nearly $500,000 in unpaid legal fees for work on various legal matters, including his fight against a subpoena by the congressional committee investigating the January 6, 2021, US Capitol attack. In a six-page order issued Friday, Judge Arlene Bluth ordered Bannon to pay $480,487.87 in unpaid bills as well as “reasonable legal fees” to his former lawyers who brought the lawsuit. “Defendant cannot receive the benefit of plaintiff’s legal representation and then insist he need not pay for it. An attorney representing Bannon in the litigation over past legal fees did not immediately respond to a request for comment. Bannon was convicted at trial of contempt of Congress for failing to respond to the subpoena and is appealing.

Persons: Steve Bannon, Davidoff Hutcher, Citron, Bannon, Arlene Bluth, ”, Bannon “, “, Donald Trump Organizations: CNN, US, Southern, of, Manhattan Locations: York, of New York

Lawyers for Dimon, the bank's chief executive, and Staley, a former private banking and investment banking chief, urged a dismissal in filings late Thursday in Manhattan federal court. Lawyers for Dimon and the directors said there was no showing that either knowingly ignored red flags about Epstein, or that Dimon was involved in keeping Epstein as a client. The so-called derivative lawsuit seeks to have the defendants or their insurers pay damages to JPMorgan, benefiting shareholders. It is also defending against a lawsuit by the U.S. Virgin Islands, where Epstein owned two neighboring private islands. Staley has expressed regret for his friendship with Epstein and denied knowing about his sex trafficking.

Persons: Jamie Dimon, Jes Staley, Jeffrey Epstein, Staley, Epstein, Dimon, Jonathan Stempel, David Holmes Organizations: YORK, JPMorgan Chase's, Dimon, JPMorgan, Lawyers, U.S ., Barclays, Miami General Employees & Sanitation Employees, Court, Southern District of, Thomson Locations: Manhattan, Miami, Pittsburgh, U.S . Virgin Islands, New York, U.S, Southern District, Southern District of New York

Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for the top job, with Pick seen as having a slight edge, the person said. A Morgan Stanley spokesperson declined to comment, as did Gorman, Pick, Saperstein and Simkowitz when contacted directly. SUCCESSION PLANNINGSince taking the helm, Australian-born Gorman, 64, has transformed Morgan Stanley through a series of major deals into a wealth management powerhouse that aims to manage $10 trillion in assets. Pick, 54, heads Morgan Stanley's institutional securities group, overseeing areas including investment banking, equities and fixed income. Saperstein, 56, is in charge of the wealth management unit that has bolstered Morgan Stanley's profits in recent years.

Persons: Morgan Stanley's, James Gorman's, Gorman, Morgan Stanley, Ted Pick, Andy Saperstein, Pick, Dan Simkowitz, Morgan, Merrill Lynch, You've, you've, Peter Orszag, Kenneth Jacobs, JPMorgan Chase, Jamie Dimon, Brian Moynihan, Lananh Nguyen, Paritosh Bansal, Megan Davies, Jamie Freed Organizations: YORK, U.S . Securities, Exchange Commission, U.S, Attorney's, Southern, of, McKinsey, White House, JPMorgan, Bank of America, Thomson Locations: London, New York, of New York, Australian

☆ Former Pfizer employee charged with Covid drug insider trading
▼ + stars: | 2023-06-29 | by ( ) edition.cnn.com time to read: +1 min

CNN —The US Securities and Exchange Commission on Thursday charged a former Pfizer employee and his friend for trading on insider information regarding the success of the company’s trial for Paxlovid, its Covid antiviral drug. The US Attorney’s Office of the Southern District of New York also charged Amit Dagar, the former Pfizer employee, and his friend Atul Bhiwapurkar, in a separate case. “The charges in this case relate to the personal conduct of a former Pfizer employee in violation of the company’s policies. Shares of Pfizer rose nearly 11% on November 5, 2021, the day the company announced the results of the Paxlovid trial. Bhiwapurkar, 45, of Milpitas, California, has been charged with two counts of securities fraud and one count of conspiracy to commit securities fraud.

Persons: Amit Dagar, Atul Bhiwapurkar, ”, Dagar, Bhiwapurkar Organizations: CNN, US Securities and Exchange Commission, Pfizer, Paxlovid, US, Office, Southern, of, ” Pfizer, SEC Locations: of New York, Hillsborough , New Jersey, Milpitas , California

"The SEC can pursue its claims only if the tokens and staking services it has identified are 'securities,'" Coinbase said. The SEC sued Coinbase on June 6, saying it made billions of dollars acting as a middleman including by trading at least 13 crypto assets, or tokens, such as Solana, Cardano and Polygon that should have been registered as securities. The lawsuit was filed one day after the SEC sued Binance, the world's largest cryptocurrency exchange, accusing it of inflating trading volumes, mishandling customer funds and lying about its operations. In a separate 177-page filing denying the SEC's substantive claims, Coinbase said it "welcomes regulation," but that the regulator was arbitrarily and without Congress' permission trying to fill the "regulatory gap" over crypto assets. The case is SEC v Coinbase Inc et al, U.S. District Court, Southern District of New York, No.

Persons: Coinbase, Binance, Gary Gensler, Jonathan Stempel, Richard Chang Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Agency, Nasdaq, Coinbase, Court, Southern District of, Thomson Locations: U.S, Manhattan, Solana, Cardano, Southern District, Southern District of New York, New York

[1/4] Spanish Labour Minister Yolanda Diaz reacts during a campaign rally for her new left-wing umbrella party Sumar in the southern district of Orcasitas, Madrid, Spain, June 24, 2023. POPE'S BLESSINGOnce a Communist, Diaz now shies away from labelling herself as such or appealing solely to left-wing voters, although she rarely misses an opportunity to criticise capitalism. "We need better wages, especially in a country where the causes of inflation are tremendous corporate margins," she said. Two days later, Diaz registered Sumar, which first surfaced as a loose movement to unite the left in 2022, as a potential kingmaker bloc to run in the election. Reporting by Belén Carreño and Elena Rodríguez in Madrid; editing by Andrei Khalip and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Yolanda Diaz, Isabel Infantes, Pedro Sanchez, Diaz, Sanchez, Vox, Sanchez's, Shostakovich, Billie Eilish, Pope Francis, Pope, Podemos, Belén Carreño, Elena Rodríguez, Andrei Khalip, Mark Heinrich Our Organizations: Spanish Labour, REUTERS, Socialists, Reuters, Socialist, People's Party, Spanish Socialist Workers ' Party, PSOE, Communist, Spanish Catholic Church, Thomson Locations: Orcasitas, Madrid, Spain, MADRID, Sanchez's, Ukraine

☆ Compliance chief at Chinese fintech company stole girlfriend's insider info to trade VMware, tech stocks
▼ + stars: | 2023-06-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Steven Teixeira, who served as chief compliance officer for the U.S. arm of China's LianLian Global, pleaded guilty to the federal charges under a cooperation agreement. Teixeira allegedly obtained insider information, including advance knowledge of Broadcom's announced $61 billion acquisition of VMware from 2022, and shared it with an associate for profit. Proofpoint was taken private in 2021 by private equity firm Thoma Bravo in a $12.3 billion deal, within the timeframe Teixeira was allegedly trading insider information. Teixeira allegedly shared the insider information with his associate, Jordan Meadow, who is also charged with violating federal insider trading laws. Kennedy and Van Hollen introduce bill to block foreign executives from insider trading

Persons: Steven Teixeira, Teixeira, Broadcom's, Thoma Bravo's, Proofpoint, Thoma, Jordan Meadow, Meadow, Scott Thompson, Kennedy, Van Hollen Organizations: U.S . Securities, Exchange Commission, New, U.S, SEC, VMware, Thoma Bravo, of Locations: New York, Southern, of New York, Philadelphia, Sens

☆ Judge rejects Donald Trump bid to dismiss E. Jean Carroll's first defamation lawsuit
▼ + stars: | 2023-06-29 | by ( Jonathan Stempel | Us Judge Facing Competency Probe Asks Court To Block Her Suspension | Blake Brittain | ) www.reuters.com time to read: +3 min

[1/3] FILE PHOTO-Former U.S. President and Republican presidential candidate Donald Trump attends the Oakland County GOP Lincoln Day Dinner in Novi, Michigan, U.S. June 25, 2023. Carroll's lawyer Roberta Kaplan, who is not related to the judge, said the decision "confirms that once again, Donald Trump's supposed defenses to E. Jean Carroll's defamation claims don't work." The judge also said Trump's criticism of Carroll went beyond "the outer perimeter of his official duties" as president. Trump, the front-runner for the 2024 Republican presidential nomination, is appealing the $5 million jury verdict. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Donald Trump, Rebecca Cook, Donald Trump's, E, Jean Carroll's, District Judge Lewis Kaplan, Carroll, Trump, Roberta Kaplan, Goodman, Judge Kaplan, Kaplan, countersued Carroll, Jonathan Stempel, Chizu Nomiyama, Jonathan Oatis Organizations: U.S, Republican, GOP, REUTERS, District, Trump, Elle, CNN, Carroll, Court, Southern District of, Thomson Locations: Oakland, Novi , Michigan, U.S, Manhattan, New York, Southern District, Southern District of New York

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