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U.S. man admits insider trading on Japan drug companies

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A former human resources consultant pleaded guilty on Monday to illegally sharing confidential information with a friend about deals involving Japanese drugmakers. Scott Allen, 45, of Atlanta, told Manhattan federal court Judge Deborah Batts that he had shared information about acquisitions by two Japanese drugmakers, Takeda Pharmaceutical Co Ltd and Dainippon Sumitomo Pharma Co Ltd, with a friend. (chicagotribune.com)

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