Wall Street Journal

Sam Bankman-Fried’s FTX, Binance to Lead Purchase of Voyager Digital Assets

• The assets of a defunct cryptocurrency lender Voyager Digital Ltd VYGVQ have received the highest bids from cryptocurrency exchanges FTX and binance.
• Binance’s current supply is around $50 million, only marginally higher than the competing supply of FTX, led by Sam Bankman Fried. So far, however, no offer has been accepted.

Further regulatory observations for Amazon, $1.7bn proposed purchase of iRobot draws attention

• Federal cartel authorities investigated Amazon.com Inc AMZN purchase suggestion roomba Manufacturer iRobot Corp IRBT.
• Roomba dominates the smart vacuum market with a 75% market share by sales in the US
• The FTC formally requested documents from both companies explaining the proposal Purpose and rationale of the $1.7 billion deal.

Reuters

Boeing cuts 150 finance jobs in the US after the flight debacle

• Boeing Co B.A Shared plans to eliminate 150 finance jobs in the US in 2022 to streamline the corporate structure and focus on manufacturing and product development.
• Boeing increased its workforce by 10,000 earlier this year and its design and manufacturing departments.
• After two 737 MAX crashes in 2018 and 2019, the Federal Aviation Administration (FAA) has promised to keep Boeing under close scrutiny.

CVS Health, Walmart settle opioid lawsuit in West Virginia, Walgreens to go to court next year

• CVS Health Corp (NYSE: CVS) and Walmart Inc WMT will pay $147.5 million to resolve claims related to West Virginia’s opioid crisis, with CVS paying $82.5 million and Walmart paying approximately $65 million.
• Walgreens Boots Alliance Inc has not settled, and a trial has been postponed to June 2023, with Kroger Co KR also a defendant in the rescheduled trial.

General Electric Hires Mavi Zingoni as Head of Power Business

• General Electric Co GE has appointed Mavi Zingoni as Chief Executive Officer of his power…