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Speaker 1: News when you wanted with Bloomberg News Now, I'm Brian Curtis.

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Speaker 1: In Hong Kong, Caroline Ellison was sentenced to two years

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Speaker 1: in prison for her role in the collapse of the

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Speaker 1: Crypto Exchange FTX. She was also ordered to forfeit some

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Speaker 1: eleven billion dollars by a federal judge. This comes despite

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Speaker 1: helping prosecutors in the conviction of Sam Bankman Freed, her

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Speaker 1: former boss and boyfriend. Bloomberg June Grosso has more on

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Speaker 1: the sentencing now.

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Speaker 2: Sam Bakmanfree got twenty five years, so compared to that

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Speaker 2: she only got two years, it seems I would consider

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Speaker 2: it pretty lenient, although there was a possibility that she

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Speaker 2: would get no time.

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Speaker 1: Bloomberg League anaist June Grosso FTX filed for bankruptcy in

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Speaker 1: late twenty twenty two. It exposed a fraud that prosecutors

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Speaker 1: said swindled ten billion dollars from customers, investors, and lenders.

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Speaker 1: China Central Bank has lowered the interest rate charged on

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Speaker 1: its one year policy loans. In addition, the bank withdrew

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Speaker 1: net liquidity via the lending facilit The PBOC cut the

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Speaker 1: rate of the medium term lending facility to two percent

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Speaker 1: from two point three percent, and it withdrew a net

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Speaker 1: forty one point four billion dollars via the facility. The

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Speaker 1: US Justice Department is suing Visa. It's alleging that the

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Speaker 1: global payments giant illegally monopolized the debit card market. It's

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Speaker 1: the Biden administration's first major anti trust case in the

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Speaker 1: financial services industry. Here's Attorney General Merrit Garland on the lawsuit.

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Speaker 3: VISA unlawfully uses its monopoly power to discourage potential rivals,

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Speaker 3: particularly technology companies, from competing in the debit transaction market.

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Speaker 3: In a VISA executive's own words, it views potential entrants

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Speaker 3: with deep merchant consumer networks as a quote existential threat

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Speaker 3: to its debit business.

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Speaker 1: Attorney General Merrick Garland. VISA representatives did not immediately respond

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Speaker 1: to a request for comment on the lawsuit. VISA shares

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Speaker 1: were down five and a half percent. President Biden used

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Speaker 1: his final address before world leaders at the United Nations

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Speaker 1: General Assembly to once again champion the value of alliance building.

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Speaker 1: Biden called for strengthening and expanding international institutions, including the

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Speaker 1: UN Security Council, and he told member states that major

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Speaker 1: challenges from development to refugee crises are best solved together.

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Speaker 4: I want to get things done together. In order to

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Speaker 4: do that, we must build a stronger and more effective

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Speaker 4: and more inclusive United Nations. The UN needs to adapt

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Speaker 4: and bring new voices and new prospectives. That's why we

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Speaker 4: support reforming and expanding the membership of the UN Security Council.

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Speaker 1: Biden also pitched collective action as the answer to concerns

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Speaker 1: concerns from climate change to artificial intelligence and synthetic drugs.

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Speaker 1: Israel has launched a new wave of attacks on HESBA

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Speaker 1: law in Lebanon. This comes after a day of air

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Speaker 1: strikes in southern Lebanon brought the two sides closer to

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Speaker 1: an all out war. Julie Norman is a Middle East

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Speaker 1: expert at University College London. She says, war is what

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Speaker 1: this is starting to look like.

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Speaker 5: The escalation that we've seen really can't be described in

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Speaker 5: any other terms. When we're looking at casualty numbers, you know,

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Speaker 5: over five hundred and thousands displaced and whatnot. I think

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Speaker 5: where some of the concern is around language, but more

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Speaker 5: on facts on the ground is to what degree is

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Speaker 5: this going to escalate?

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Speaker 1: Ucl political scientist Julie Norman. It remains to be seen

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Speaker 1: whether Israel's air campaign is followed by a ground invasion

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Speaker 1: and to what degree Iran or the United States would

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Speaker 1: become more involved. House members plan to pass a stopgap

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Speaker 1: funding bill and avoid an October first shut down. Bloomberg's

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Speaker 1: Amy Morris has the latest from Washington.

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Speaker 6: Lawmakers say they'll pass the measure even if they need

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Speaker 6: a two third super majority to do it. Because the

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Speaker 6: House skipped a procedural step in this process on Monday.

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Speaker 6: The vote will require two thirds of the House to

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Speaker 6: support it, and they do expect it to pass. It

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Speaker 6: is by partisan but there's still time for complaints from

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Speaker 6: hardline conservatives, and that could complicate Speaker Mike Johnson's path

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Speaker 6: to a full compromise funding bill in the lame duck session. Now,

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Speaker 6: with a House vote today, they're aiming for speedy Senate

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Speaker 6: approval by next week, and the continuing resolution funds the

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Speaker 6: government through December twentieth, so that means another spending showdown

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Speaker 6: just days before Christmas in Washington. Amy Morris Bloomberg Radio.

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Speaker 1: With a heated presidential campaign now in its final stretch,

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Speaker 1: hackers may now be looking to exploit America's partisan divide.

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Speaker 1: We get the story from Bloomberg's Nathan Hager in Washington.

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Speaker 7: The cybersecurity firm Relaquest says it has uncovered what it's

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Speaker 7: calling an extensive and coordinated phishing campaign aimed at voters.

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Speaker 7: Researchers say it includes more than five hundred fake websites

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Speaker 7: impersonating campaign pages, some of which asked for cryptocurrency. In

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Speaker 7: one case, they say, hackers sent an email that looked

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Speaker 7: like it came from the progressive group move On, but

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Speaker 7: with a link to malware known as sock Ghoulish. There's

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Speaker 7: no evidence any accounts were compromised, but sockgoulish is tied

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Speaker 7: to the sanctioned Russian cyber outfit Evil Corp. In Washington.

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Speaker 7: I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I'm Brian Curtis. This is Bloomberg