Treasury Secretary Scott Bessent cancelled all department contracts with Booz Allen Hamilton, citing a broader effort to eliminate 'waste, fraud, and abuse.'Shares of the large tech consulting company Booz Allen Hamilton Holding Corp (BAH 10.90%) traded nearly 11% lower, as of 2:09 p.m. ET today. The move came after the U.S. Treasury Department cancelled all contracts with the company, which is known for its extensive government work.Retribution for past data leakTreasury Secretary Scott Bessent said the de ...

Core Viewpoint - Two major U.S. investors in Coupang Inc have petitioned the U.S. government to investigate the South Korean government and consider imposing trade remedies due to concerns over unfair trade practices [1] Group 1: Investor Actions - The U.S. investors are seeking a formal investigation into the South Korean government's actions that they believe may harm their investments in Coupang Inc [1] - The petition indicates a growing concern among U.S. investors regarding the regulatory environment in South Korea and its impact on foreign investments [1] Group 2: Implications for Coupang Inc - The potential investigation could lead to trade remedies that may affect Coupang's operations and market position in the U.S. [1] - This situation highlights the increasing scrutiny of international trade practices and the potential repercussions for companies operating in multiple jurisdictions [1]