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Photo: Ramin Talaie/Corbis via Getty Images

Malaysian prosecutors have filed criminal charges on Monday accusing Goldman Sachs subsidiaries and a former partner of the firm, Tim Leissner, of making false and misleading statements when facilitating the sale of international bonds for the country's state investment fund, 1MDB, the Wall Street Journal reports.

The big picture: Charges against the bank were considered possible for its connection to the multi-billion dollar scandal, though it's telling that Malaysia is charging Goldman Sachs itself. The bank denies any wrongdoing. Leissner already pleaded guilty to U.S. charges of bribery and money laundering related to the case earlier this year, and Malaysian authorities have detained another former Goldman executive, Roger Ng Chong Hwa.

Go deeper

Senate Armed Services chair dismisses Trump threat to veto defense bill

Sen. Jim Inhofe. Photo: Anna Moneymaker/Pool/AFP via Getty Images

Sen. Jim Inhofe (R-Okla.), chair of the Senate Armed Services Committee, told reporters Wednesday that he plans to move ahead with a crucial defense-spending bill without provisions that would eliminate tech industry protections, defying a veto threat from President Trump.

Why it matters: Inhofe's public rebuke signals that the Senate could have enough Republican backing to override a potential veto from Trump, who has demanded that the $740 billion National Defense Authorization Act repeal Section 230 of the Communications Decency Act.

Scoop: Uber in talks to sell air taxi business to Joby

Illustration: Sarah Grillo/Axios

Uber is in advanced talks to sell its Uber Elevate unit to Joby Aviation, Axios has learned from multiple sources. A deal could be announced later this month.

Between the lines: Uber Elevate was formed to develop a network of self-driving air taxis, but to date has been most notable for its annual conference devoted to the nascent industry.

Setting the Biden-era cybersecurity agenda

Illustration: Annelise Capossela/Axios

The Biden administration will face a wide array of cybersecurity challenges but can take meaningful action in at least five key areas, concludes a new report by the Aspen Cybersecurity Group.

Why it matters: Cybersecurity policy is a rare refuge from Washington's hyperpartisan dysfunction, as shown by the recent work of the bipartisan Cyberspace Solarium Commission. President-elect Joe Biden should have a real opportunity to make progress on shoring up the nation's cybersecurity and cyber capabilities without bumping up against a likely Republican-controlled Senate.