China has reportedly asked asset managers to soon end real-time display of estimated net value for mutual funds,

The Wall Street Journal’s editorial board has defended the newspaper’s decision to publish a defensive column from US Supreme Court Justice Samuel Alito, who dismissed allegations of wrongdoing detailed in an investigative news outlet before it had even published its story. The conservative justice – who authored the court’s landmark opinion overturning Roe v Wade one year ago – failed to disclose private jet travel and a luxury fishing trip with a hedge fund billionaire who would later repeatedly ask the nation’s highest court to intervene on his behalf, according to ProPublica’s findings published on 21 June. ProPublica, which has published several investigative pieces outlining alleged ethical lapses among members of the court, had yet to publish its report before The Wall Street Journal ran his column with the blunt and accusatory headline “ProPublica Misleads Its Readers”. Later that day, the editorial board defended its decision to run his defensive piece. “The political assault on the Supreme Court continues, and the latest Justice in the grinder is Samuel Alito,” the board wrote. “As usual, this is a non-scandal built on partisan spin intended to harm the Justice and the current Court majority.” The Wall Street Journal did not return The Independent’s request for comment or explain how it commissioned Mr Alito’s column and how the newspaper made a decision to publish a response to ProPublica before anyone read its reporting. “Justice Alito clearly wanted his defense to receive public disclosure in full, not edited piecemeal. We saw ProPublica’s list of 18 questions and had a good idea of where the reporters were going. The story proved us right,” the editorial board wrote. “It is also hilarious to be denounced for betraying the media brotherhood for the offense of scooping the competition,” the board added, appearing to dismiss criticism that the newspaper provided a venue for a powerful figure before allegations against him were publicised at length as merely a resentful media story. “This is the same crowd that would prefer if we didn’t exist,” the board added. “Their pearl-clutching reveals the degree of media conformity when it comes to approved progressive political targets like Justice Alito.” The board stated that it is defending the Supreme Court “because someone has to,” alleging that the investigations are not about sincere ethics questions but are instead about “the left’s fury at having lost control of the Court” and instead to “destroy” it. ProPublica’s founding editor-in-chief Paul E Steiger served as the managing editor of the Wall Street Journal from 1991 to 2007. Stephen Engelberg, ProPublica’s current editor-in-chief, told The New York Times that Mr Alito’s column “declared without anyone having read the article and without asking for our comment.” “We’re curious to know whether The Journal fact-checked the essay before publication,” he added. Read More Justice Alito tries to get ahead of damning report about billionaire gifts with defensive Wall Street Journal op-ed Wall Street Journal under fire for Justice Alito op-ed: ‘This has simply broken my brain’ Deb Haaland and Tribal leaders welcome Supreme Court decision upholding Indian Child Welfare Act Supreme Court rules Alabama discriminated against Black voters in major victory for voting rights

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