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Saudi crown prince was behind purchase of $450 million da Vinci

Saudi Press Agency via AP

Last night, a little-known Saudi prince was identified as the anonymous buyer who paid a record $450 million last month for a painting by da Vinci. According to the Wall Street Journal, that buyer was a proxy for Mohammad bin Salman, the Saudi crown prince.

The backdrop: Mohammad is in the midst of what he calls a crackdown on corruption, and has been criticized internationally as a power grab. That's interesting timing to pay nearly half a billion dollars for a painting.

Ina Fried 59 mins ago
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Craigslist pulls personal ads after passage of sex-trafficking bill

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 3 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.