Sam Bankman-Fried tried to influence witness as a result of Signal, DOJ alleges

Crucial Details

Sam Bankman-Fried must be barred from encrypted messaging software package, which includes Signal, more than fears of probable witness tampering, federal prosecutors explained in a letter to a Manhattan choose.
Prosecutors assert that Bankman-Fried’s overtures to FTX US standard counsel Ryne Miller constituted a probable endeavor at witness tampering.
The governing administration cited previously unreleased testimony from previous Alameda CEO Caroline Ellison as element of their justification for the ban.

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Finance

Stocks making the biggest moves after hours: Hims & Hers, Gitlab, Cleanspark, Webtoon Entertainment & more

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Check out the companies making headlines after the bell : Hims & Hers Health — Shares dropped more than 6% after the telehealth company guided for adjusted EBITDA in its current quarter of between $35 million to $55 million. Analysts polled by LSEG were expecting $70 million. Aecom — The infrastructure consulting stock added 2% […]

Finance

Series of court decisions weaken Democrats’ odds of winning the House

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Key Points Odds that the party wins control of the lower chamber have fallen to 75% from 85.3% on April 28. While Democrats are still favored to win control of the House, the odds they do it are at their lowest level since late December. Source

Finance

JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

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Key Points JPMorgan-led lenders cut FS KKR Capital’s credit facility by roughly $648 million, or 14%, while raising borrowing costs. FS KKR reported deepening losses and announced a $300 million support package from KKR for the troubled BDC days after the credit-line amendment. The fund, known by its ticker FSK, reported roughly $560 million in […]