Good morning. At Amazon.com’s EWR9 fulfillment center in Carteret, N.J., reports Risk & Compliance Journal's Richard Vanderford, the workers don’t walk to and from shelves. The shelves come to workers.

• Amazon's 'goods-to-shelves' strategy: About 45,000 pods—the name given to the four-sided shelving units—are shuffled around the 1.3-million-square-foot facility on self-driving units that hoist and carry them to workers in a kind of choreographed waltz. Those workers either fill the pods with arriving goods or empty them to build packages for shoppers. An AI system situated in the cloud helps oversee the pods’ movements.
   
• Intent behind the design: The design of the system, which uses artificial intelligence and sensors, is meant to promote a mix of efficiency, ergonomics and safety, with the thinking that it is ultimately better to have shelving units, rather than employees, scurrying around its cavernous facilities.
   
• Improved safety: Amazon said its lost-time injury rate has fallen 69% from 2019 to 2022. Last year, lost-time injury rates were 21% higher at sites that didn’t use robotics technology.
   
• More data the key: “The promise of AI here is that you can actually just really up-level, by an order of magnitude, to the amount of data and the quality of data that decision makers have when they’re thinking about how they predict where the next injury is going to happen,” said Josh Butler, founder and chief executive of CompScience, whose company offers AI-driven technology that feeds into a business’s existing surveillance system.

Amgen’s $27.8 billion deal for Horizon Therapeutics clears key hurdle.

The Federal Trade Commission said Friday it had agreed to end its legal challenge of drugmaker Amgen’s $27.8 billion deal to buy Horizon Therapeutics, averting a trial that was to have started this month.

Ends states' claims as well. The pact also dismisses the antitrust claims of six states that joined the FTC in May seeking to block the deal over concerns that Amgen would illegally bundle its products with Horizon’s medicines for thyroid eye disease and gout. Amgen agreed in the proposed settlement to not bundle the Horizon treatments and swore off conditional rebates or other tactics that could entrench the monopoly position of Horizon’s products.

Private equity, hedge funds sue SEC to fend off oversight.

A coalition representing the biggest private-equity and hedge funds sued the Securities and Exchange Commission on Friday to block new regulations aimed at giving investors more transparency and better terms from asset managers.

Includes major PE and VC players. The lawsuit, filed in a conservative federal appeals court, argues that the SEC overstepped its legal authority in completing the regulations last week. Plaintiffs include the Managed Funds Association, American Investment Council, National Venture Capital Association, and the National Association of Private Fund Managers.

• A New York federal judge threw out the conviction of a former 21st Century Fox executive who was found guilty earlier this year of bribing FIFA soccer officials to secure the broadcasting rights to lucrative World Cup-related matches.
   
• South Africa’s president said Sunday that an official inquiry found no evidence supporting allegations made by the U.S. ambassador to the country that South Africa had delivered arms to Russia.
   
• President Vladimir Putin said Russia won’t rejoin a deal enabling Ukrainian grain to be shipped globally until the West meets its demands to facilitate Russian agricultural exports, after quitting an agreement that guaranteed the safety of a crucial part of the global food supply chain.
   
• U.S., U.K. and European Union officials plan to jointly press the United Arab Emirates this week to halt shipments of goods to Russia that could help Moscow in its war against Ukraine, according to U.S. and European officials.

Hurricanes and high yields come together on Wall Street.

The mounting cost of extreme weather events is turbocharging the market for catastrophe bonds. 

What they are. Designed in the mid-1990s in the aftermaths of Hurricane Andrew and the Northridge earthquake, these bonds allow insurers, companies and even governments to transfer some of the risk of a disaster to investors. For offering what is essentially reinsurance, investors get relatively high yields in return for the possibility they lose their money if hurricane winds top certain speeds, or damages exceed certain dollar thresholds.

More demand. Now, more frequent disasters are prompting increased issuance of these bonds, even as investors demand double-digit rates in some cases.

• China Is Lashed by Typhoon Rivaling Idalia
• Two Cyclones Hit Days Apart. Can Scientists Prove Climate Change Caused Them?

How worried should we be about AI’s threat to humanity? Even tech leaders can’t agree.

Artificial-intelligence pioneers are fighting over which of the technology’s dangers is the scariest.

Dualing concerns. One camp, which includes some of the top executives building advanced AI systems, argues that its creations could lead to catastrophe. In the other camp are scientists who say concern should focus primarily on how AI is being implemented right now and how it could cause harm in our daily lives.

• Hiring slowed this summer and unemployment rose in August, signs the labor market is cooling in the face of high interest rates.
   
• Bouts of rain in parts of the Midwest have alleviated the worst fears of drought-stricken corn crops and soybean crops, sending futures prices lower.
   
• We can already detect fires from space, soon after they start. Here’s why we don’t yet have a nationwide system for alerting us when they do—but could someday.
   
• Chinese nationals, sometimes posing as tourists, have accessed military bases and other sensitive sites in the U.S. as many as 100 times in recent years, according to U.S. officials, who describe the incidents as a potential espionage threat.

Ehrman, who joined the CFTC in 2013, will help whistleblowers present their cases to regulators and apply for awards, he said in an interview in July. Washington D.C.-based Phillips & Cohen also hired the first chief of the Securities and Exchange Commission’s whistleblower program, Sean X. McKessy, in 2016.

• North Korean leader Kim Jong Un is expected to travel to Russia soon to meet with President Vladimir Putin, U.S. officials said Monday, the latest sign that negotiations are accelerating over ammunition Moscow is seeking for its war in Ukraine.
   
• Stock market bulls are on edge heading into September.
   
• Voters overwhelmingly think President Biden is too old to run for re-election and give him low marks for handling the economy and other issues important to their vote, according to a new Wall Street Journal poll.
   
• There’s a saying that economic expansions don’t die of old age: They’re murdered by the Federal Reserve. If that’s the case, then the U.S. economy is outrunning its would-be assailant this year.
   
• Ukrainian troops are battling to break through Russian fortifications in their country’s south, but even successfully piercing the line will only mark a start. For a shot at real gains, Kyiv’s forces would need to turn a breakthrough into a breakout.

Follow us on X at @WSJRisk. Follow Risk & Compliance editor David Smagalla @DSmagalla_DJ and reporters Mengqi Sun @_MengqiSun, Dylan Tokar @dgtokar and Richard Vanderford @VanderfordRich.

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