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
SourceMedia hires chief content officer
Youngstown Biz Journal is adding an E-edition
Jeffrey adds residential real estate to his Houston Biz Journal beat
Why the FT invested in the Business of Fashion
