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ByteDance closed a $290M funding round for Anew Labs, its newly spun-off AI drug discovery unit, at a $1.5B valuation, Reuters reports, citing two sources familiar with the matter. Moreover, the company that owns TikTok will retain 56% of the business after this round, according to the same sources. 

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Related capabilitiesInvestigations & White Collar DefenseCorporate & Securities Litigation 08.24.20263 minutes

The US Securities and Exchange Commission (SEC) has created a specialised unit within its Division of Enforcement to tackle accounting and financial reporting fraud, as well as wider misconduct in accounting and auditing.

Listen to “SEC Launches New Enforcement Unit for Accounting Fraud” 00:00 24:53

Alibaba Group (NYSE:BABA), the Chinese e-commerce group, has agreed to sell its video game division to Trustar Capital, the Asian private equity firm, in a transaction that Bloomberg News reported may value the unit at more than $1.5 billion.

Over 1,200 members of Israel’s Unit 8200 alumni community are expected to gather for the 8200 Alumni Association’s annual conference next month, bringing together entrepreneurs, technology professionals, investors, and business leaders as the organization looks to strengthen connections across one of Israel’s largest professional networks.

On August 5, the SEC announced the creation of a new unit within its Division of Enforcement that will concentrate on “accounting and financial reporting fraud” and “general misconduct in the accounting and auditing areas.” The unit will consist of two teams of attorneys and one team of accountants, some of whom are existing staffers…

Third-party sellers accounted for 60% of paid units sold on Amazon in Q1 2026, down from 61% in Q4 2025 and 62% the quarter before that. It’s the first time the metric has fallen for two consecutive quarters since Amazon began breaking it out in its quarterly reports in 2004.

Aug 7 (Reuters) – AI Financial Corp, a company closely affiliated with World Liberty Financial, the crypto venture ‌backed by the Trump family, has sold its Canadian ‌unit to New York-based Prime Delta, weeks after fintech firm Perpetuals.com ended ​talks to buy the subsidiary.