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China Bars Unapproved Issuance of Yuan Stablecoins Abroad

China tightened curbs on cryptocurrencies and tokenized real-world assets, barring domestic entities from issuing digital tokens overseas and banning the offshore issuance of yuan-linked stablecoins without approval.

By Foster Wong

Cadwalader Trial Leaders Resign After Hogan Conflicts Review

Cadwalader litigation practice leaders Nicholas Gravante and Phil Iovieno resigned on Friday due to conflicts of interest with clients of the firm’s partner in a planned merger, Hogan Lovells.

Retailer Francesca’s Files Second Bankruptcy, Plans to Liquidate

Boutique women’s specialty retailer Francesca’s has filed for bankruptcy for the second time, saying it will close its stores and liquidate.

Trump Boosts Argentina Beef Imports in Affordability Push

President Donald Trump signed a directive on Friday further increasing the amount of beef imported into the US from Argentina, his latest move to address Americans’ concerns about affordability.

Dow Jones Industrial Average Exceeds 50,000 for First Time

The Dow Jones Industrial Average broke above the 50,000 level for the first time, as investors bid up the blue-chip gauge amid optimism over the US economy and corporate earnings.

Eye Care Firm SpyGlass Pharma Soars 65% In Trading Debut

SpyGlass Pharma Inc. shares jumped 65% in the biopharmaceutical firm’s trading debut after it raised $150 million in an initial public offering.

Pacira Beats Investor Suit Based on Drug Patent Litigation

Pacira BioSciences Inc. overcame investor allegations tied to statements about the strength of its patent fight for its top-selling painkiller while the biotech company was suing a competitor.

Stellantis Rout Nears €70 Billion After Surprise Writedowns

Fourteen months after Stellantis NV parted ways with a chief executive officer who surprisedinvestors with wayward results, his successor has pulled a similar move.

Trump Team’s Bitcoin Reserve Strategy Takes a Market Beating

The government didn’t pay for it — and it’s not planning to sell.

Cantor Takeover to Shrink O’Connor Footprint in Europe, Asia

Cantor Fitzgerald LP is shedding much of O’Connor’s presence outside of the US following its acquisition of the hedge fund from UBS Group AG, according to people familiar with the matter.