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Equifax executive charged with insider trading

Equifax logo
The Equifax logo in an illustration. Photo: Jaap Arriens/NurPhoto via Getty Images

The Securities and Exchange Commission is charging Jun Ying, a former executive at Equifax, with insider trading after he profited nearly $1 million by selling his shares ahead of the company's data breach announcement. Ying avoided roughly $117,000 in losses by selling before the breach that affected nearly 148 million U.S. customers, according to a report from the SEC.

What they're saying: “Corporate insiders who learn inside information, including information about material cyber intrusions, cannot betray shareholders for their own financial benefit,” said Richard R. Best, Director of the SEC’s Atlanta Regional Office.

Why you'll hear about this again: Equifax was at the center of a criminal probe by the U.S. Justice Department after multiple executives sold stock before the company disclosed it was hacked. The investigation was said to be centered around John Gamble, Joseph Loughran and Rodolfo Ploder — Ying, who was reportedly next in line to be CIO, was not among those initial names.

Ina Fried 5 hours ago
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Craigslist pulls personal ads after passage of sex-trafficking bill

Craigslist site
Craigslist site, with personals still listed as an option. Screenshot: Axios

Online classified site Craigslist has pulled its entire personal ad section after Congress passed a new sex-trafficking bill that puts more liability on Web sites.

Why it matters: Smaller tech companies and advocates for sex workers had feared a chilling effect if the bill becomes law.

Khorri Atkinson 7 hours ago
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China slaps reciprocal tariffs on U.S. imports

China's President Xi Jinping speaks next to President Trump. Photo: Nicolas Asfouri// AFP / Getty Images

China announced plans to impose reciprocal tariffs on $3 billion of imports from the U.S., hours after President Trump ordered levies on a range of Chinese goods.

The details: China's plan includes a 25% tariff on U.S. pork imports as well as 15% tariffs on American steel pipes, fruit and wine, according to Bloomberg.