Crime/Legal Action

Nevada gambling regulators approved on Thursday a limited license for MGM Resorts International shareholder Barry Diller to work in the state’s casino industry, after questioning the billionaire about a federal investigation into his purchases of Activision Blizzard Inc. shares.The Nevada Gaming Commission, which enforces anticorruption regulations in the state’s gambling industry, voted 4-1 to approve Mr. Diller for a two-year…

HONG KONG—China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.The ban, outlined in an internal notice by the party’s powerful Central Organization Department, could play a role in Chinese leader Xi Jinping’s efforts to increase his influence at a twice-a-decade leadership shuffle scheduled for later this year.…

Insurers significantly increased premiums for cyber coverage over the course of 2021, as a string of high-profile attacks and government action helped boost demand for products, data collected by industry bodies shows.Direct-written premiums collected by the largest U.S. insurance carriers in 2021 swelled by 92% year-over-year, according to information submitted to the National Association of Insurance Commissioners, an industry watchdog, and compiled by ratings firms. Analysts say that the increase primarily reflects…

In the classic hostile takeover, an aggressive acquirer pursues a reluctant quarry.But Elon Musk’s bid for Twitter Inc. appears headed to a bizarre place: Could Twitter force him to buy a company he might not actually want? Whether smokescreen, negotiating tactic, genuine concern or flight of fancy, Mr. Musk’s insistence that Twitter is overrun by spam bots has upended a deal that was eccentric from the outset and left both sides in difficult positions. Twitter shares continue to slide, and they…

Cerebral Inc. has replaced Chief Executive Kyle Robertson, according to a statement released by the company, a move Mr. Robertson called illegal after accusing board members of making him a scapegoat for the mental-health startup’s troubles.The board said in the statement that it has replaced Mr. Robertson with David Mou, the company’s president and chief medical officer. The leadership tumult comes as the company is facing a federal probe into its prescription…

Anthem Inc.’s chief information officer says he is working with Alphabet Inc.’s Google Cloud to create a synthetic data platform that will let the health insurance company better detect fraud and offer personalized care to its members. Anil Bhatt said the plan is to use algorithms and statistical models to generate approximately 1.5 to 2 petabytes of synthetic data, including artificially generated data sets of medical…

WASHINGTON—The Justice Department sued casino mogul Steve Wynn Tuesday to force him to register as a lobbyist in connection with his 2017 efforts to obtain a diplomatic favor long sought by Chinese authorities.The lawsuit comes almost a year after the department told Mr. Wynn to register under the Foreign Agents Registration Act and signaled that it would go to court to compel him to do so if necessary, as The Wall Street Journal reported at the time, citing people familiar with the matter.…

Three years after a mass shooting in New Zealand was live-streamed online, the spread of footage taken by the alleged shooter in Buffalo, N.Y., shows how social-media platforms still struggle to keep their platforms from being used to broadcast violent, extremist videos. The shooting rampage at a supermarket on Saturday, which left 10 people dead and three wounded, was broadcast on Twitch, a site owned by Amazon.com Inc. that specializes in live streaming. Three years after a mass…

Electric-vehicle startup Rivian Automotive Inc. is suing a key supplier of seats, warning that a pricing dispute could impact production of an electric van ordered by Amazon.com Inc., according to court records.Rivian in March sued the supplier, Ohio-based Commercial Vehicle Groupaccusing it of violating the supply contracts for seats by nearly doubling an initially agreed-upon price per unit, the court filings show. Electric-vehicle startup Rivian Automotive Inc. is suing a key supplier of seats, warning that a…

The U.S. Treasury Department outlined actions it plans to take to address illicit-finance risks, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against corruption. The national strategy for combating illicit finance, released Friday, is the latest iteration of a report the Treasury produces every two years. But this year’s strategy might be among the most important it has produced, Treasury officials said, given Russia’s…