Amazon’s Alexa, Google’s Assistant Will Share JBL Smart Speaker
Alexa and Google Assistant will soon occupy the same line of high-end JBL speakers — a novel arrangement in the world of voice-connected devices.
Bloomberg Business
Switzerland Weighs New Money-Laundering Rules Amid US Criticism
Switzerland proposed new rules to toughen anti-money laundering laws as US officials ramp up their critique of what they say is weak sanctions enforcement.
Country Garden Posts Record Half-Year Loss Amid Default Fears
Country Garden Holdings Co. posted a record first-half loss, underscoring how China’s real estate slump has brought the property giant to the brink of a debt default.
Hedge Funds Are Shorting Stocks That Biden’s IRA Was Meant to Help
A number of hedge funds have started shorting renewable energy stocks, as they bet climate stimulus will tip debt-reliant green companies over the edge by fanning inflation and triggering even higher interest rates.
Russia’s Diesel, Fuel Exports Poised for August Slump as Refineries Undergo Work
Russian petroleum exports are on course to plunge this month to the lowest in ten months, amid a drop in oil processing as refiners prepare for planned autumn maintenance.
Bankman-Fried May Call Expert Witnesses at Up to $1,200 an Hour
Money can’t buy love or friends, but it can help you find a lot of expert witnesses.
Billion-Dollar Drugs’ Makers Set to Face Their First US Price Negotiations
Some of the most widely used drugs in the US may be heading for lower prices under Medicare, a move that could save taxpayers billions of dollars and squeeze profits for big pharmaceutical companies.
Italy to Push Cipollone for Unopposed ECB Board Seat After All
Bank of Italy Deputy Governor Piero Cipollone will be his country’s nominee for European Central Bank instead of his former colleague Daniele Franco, according to people familiar with the matter.
HP Tumbles Most in More Than Three Years on Tepid PC Demand
HP Inc. fell the most in more than three years after cutting its profit outlook and acknowledging that a rebound in personal-computer demand isn’t coming as quickly as hoped.
Crypto’s Enemy Gensler Put on Defensive by Grayscale Ruling
After two years of fines, threats and lawsuits, Gary Gensler had crypto reeling. But a pair of recent legal setbacks have Wall Street’s top cop on the defensive.