ARIAD PHARMACEUTICALS INC (ARIA)

The son of a pharmaceutical company director who provided secret information to a participant in a global insider-trading network should be sentenced to more than 18 months in prison, U.S. prosecutors told a judge in New York.

Covid-19 has put the biotech stocks in the spotlight, but treatments for the pandemic are far from the only reason investors should watch this space.

A Swiss trader who says he raked in $70 million by illegally using secret information from bankers was ordered freed from a New York jail on $10 million bond, after he was the star witness in a trial that shed light on a global insider-trading network.

The son of a pharmaceutical-company director was convicted of leaking company secrets to a close friend who prosecutors say was part of a global insider-trading network.

An employee of a New York restaurant owner accused of participating in a global insider-trading network told jurors he bought as many as 10 unregistered “burner” phones for his boss.

The criminal trial of a New York man may help explain how tens of millions of dollars in illicit profits were allegedly generated by a global insider-trading network that included a Greek pharmaceutical executive, a Goldman Sachs Group Inc. banker, a Monaco poker player, a Swiss trader and a Manhattan restaurant owner.