Business

On Monday, a federal judge took the unprecedented step of imposing sanctions on the Securities and Exchange Commission related to a lawsuit the agency brought against the Utah-based crypto company DEBT Box in July. The case drew widespread attention after the defendants accused the SEC of misrepresenting key facts when the agency obtained a temporary restraining order to freeze assets…

A top law firm faced allegations that it broke UK money-laundering rules by being too polite to ask a politically connected banker from a former Soviet republic how he got his cash. Dentons overrode an internal warning urging “extreme caution” in dealing with him as a client and failed to ask the banker where his wealth came from in case…

Boeing’s tumultuous year went from bad to worse on Monday after a “technical event” led a 787-9 Dreamliner to nosedive, injuring 50 people on a flight from Sydney to Auckland, New Zealand. One passenger, Brian Jokat, told the BBC that the plane “dropped unlike anything” he had ever experienced before, causing some passengers to hit the roof and break the…

The first over-the-counter birth control pill will be available in U.S. stores later this month, allowing American women and teens to purchase contraceptive medication as easily as they buy aspirin. Manufacturer Perrigo said Monday it has begun shipping the medication, Opill, to major retailers and pharmacies. A one-month supply will cost about $20 and a three-month supply will cost around $50, according…

Shares of Coinbase Global, the biggest U.S. cryptocurrency exchange, have nearly doubled over the last month—and were up some 265% over the last year—through trading on Monday, which saw the biggest single-day gain since January 2022. The stock closed at $229.15 after reaching as high as $236.46. Shares within the last year had fallen to as low as $46.43. Investors…

BYD Co. has been contacted by the Italian government as part of the country’s efforts to attract a second car manufacturer beyond Fiat maker Stellantis NV.  “We have some contacts to discuss about that,” Michael Shu, managing director of BYD Europe, said in an interview at the Geneva International Motor Show. The need for a second European plant “depends on…

BYD Co. is underscoring its European ambitions at the Geneva car show this week by showing off models including a 1,200-horsepower luxury sport utility vehicle that can float on water. The Yangwang U8 plug-in hybrid — which is also able to make a 360-degree “tank turn” on the spot — would compete with the Mercedes-Benz G-Class and the Land Rover…

Vaccines that protect against severe illness, death and lingering long Covid symptoms from a coronavirus infection were linked to small increases in neurological, blood, and heart-related conditions in the largest global vaccine safety study to date. The rare events — identified early in the pandemic — included a higher risk of heart-related inflammation from mRNA shots made by Pfizer Inc., BioNTech SE, and Moderna Inc., and an increased…

They say anything men can do, women can do better—which may include reaping the health benefits of regular exercise. That’s according to a new study published today in the Journal of the American College of Cardiology. An international team of researchers from the U.S. and China showed that women who exercise regularly have a significantly lower risk of an early…

When Vermont senator Bernie Sanders was running for president the first time, the Democratic Socialist turned some heads when he lambasted the choice overload in—of all places—the deodorant aisle. “You don’t necessarily need a choice of 23 underarm spray deodorants or of 18 different pairs of sneakers when children are hungry in this country,” Sanders told CNBC in 2015. “I…