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(Bloomberg) -- A lawyer for the US Securities and Exchange Commission told a jury that a former biotech executive’s $120,000 windfall on a trade in a competing company’s stock was “like betting on a game when you know who’s going to win” because he knew the pending takeover of his firm would likely boost its rival.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay

Just after the G7 Hiroshima Summit ended, China's Cyberspace Administration of China, or CAC, issued a statement requesting that "operators of critical information infrastructures in China should stop purchasing products made by Micron Technology" due to "national security risks." The U.S. Department of Commerce dismissed the ban issued Sunday as "unsubstantiated," while Micron, the biggest…

Tom Girardi's former CFO will remain in jail while defending himself on a federal wire fraud charge.

LOS ANGELES — The former chief financial officer of Tom Girardi's now-shuttered law firm will remain in custody after a federal judge in Los Angeles ruled Monday that his steps

A Chinese semiconductor maker accused of economic conspiracy opened its defense Monday in a California criminal trial by saying it relied on promises by a Taiwanese company, which later admitted to stealing U.S.-based Micron's trade secrets, that the dynamic random-access memory technology it was providing would be "clean" and not stolen.