Some of Tuesday’s top business news stories:
Associated Press
US exports to lobster-loving China go off cliff amid tariffs, by Patrick Whittle
CNN
Chinese AI unicorn Megvii files for Hong Kong IPO, by Laura He
Insiders are selling stock like it’s 2007, by Matt Egan
Bloomberg
The World’s Best-Performing Hedge Fund Is Up 278% This Year, by David Ramli
Wall Street Prepares for the End of a Crucial Era
CNBC
Spirit Airlines wants travelers to book flights via text message, by Leslie Josephs
Shares of pharma companies soar after Johnson & Johnson sees smaller-than-expected opioid fine, by Kate Rooney
Reuters
GlobalFoundries seeks to ban U.S. import of TSMC clients’ products, by Josh Horwitz
Amgen to buy Celgene psoriasis drug Otezla for $13.4 billion, by Michael Erman, Manas Mishra
News about business journalism
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Youngstown Biz Journal is adding an E-edition
Jeffrey adds residential real estate to his Houston Biz Journal beat
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Bloomberg News has hired Monique Mulima to cover Canadian aviation, automotive, rail and retail sectors. She has…
Wall Street Journal reporter Elaine Yu was among the layoffs in Asia last week. Yu has covered…
Mark Coast, the former business editor of The Press-Enterprise in California, died April 28 at…