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Goldman, Ardian Bought CIC’s $1 Billion US Private Equity Stake

Goldman Sachs Group Inc. and Ardian SAS were on the other side of a $1 billion US private equity sale by China’s sovereign wealth fund, according to people familiar with the matter.

By Echo Wong

Pakistan Weighs ‘All Options’ to Sustain Reserves After UAE Move

Pakistan is considering financing from both countries and banks as options to help maintain foreign-exchange reserve levels amid soaring oil prices, Finance Minister Muhammad Aurangzeb said, after the United Arab Emirates asked for the full repayment of a $3 billion loan.

Corcept Leaders Sued Over Drug-Approval Remarks, Stock Sales

Corcept Therapeutics Inc. executives and directors misrepresented a drug candidate’s approval prospects while some of them made $67 million in insider stock sales, an investor alleges.

Foundation Building, Lone Star Offer $26 Million to End Lawsuit

Foundation Building Materials Inc. and Lone Star Funds affiliates have agreed to pay $26 million to resolve litigation over the drywall distributor’s $1.37 billion sale to American Securities LLC.

Zaslav, Malone Must Defend SiriusXM Restructuring Challenge

Claims that Warner Bros. Discovery CEO David Zaslav and other Sirius XM Holdings Inc. directors undermined public investors through a restructuring will advance in Delaware, a judge ruled Monday.

Ford CEO Farley Says Chinese Carmakers Should Be Kept Out of US

Ford Motor Co.’s top executive says allowing Chinese automakers to sell their cars in the US would be “devastating” to American manufacturing.

USDA Wants Farmers to Help With Fertilizer Probe as Prices Soar

The Trump administration is seeking information from farmers to help with an ongoing Justice Department probe into high costs for fertilizer, machinery and other farm inputs.

Fed Slashes T‑Bill Purchases in Sharper Than Signaled Pullback

The Federal Reserve said Monday it will buy about $25 billion of Treasury bills each month, a greater wind down than anticipated of a programthat was meant to ease short-term funding costs by rebuilding reserves in the financial system.

Hedge Funds Citron, Anson Sued Over Report on Biotech Company

Two hedge funds allegedly schemed to manipulate the stock prices of dozens of companies including biotechnology developer PolarityTE, according to a lawsuit brought by a PolarityTE investor.

One-Off Hits Threaten Confidence in Private Credit, Bailey Warns

Private credit funds are facing higher risks from one-off hits that could threaten confidence in the wider sector, Bank of England Governor Andrew Bailey warned on Monday.