This is MORNING EDITION from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
Federal prosecutors in Manhattan have brought charges in what they are calling the biggest insider trading case ever. A former hedge fund employee made about a quarter billion dollars for the fund after allegedly getting a sneak preview of clinical trial data for a new drug.
NPR's Ailsa Chang reports prosecutors believe this may lead them to even bigger cases.
As the holiday season takes hold in New York City, shoppers are heading to FAO Schwartz near Central Park for toys, and to Macy's on 34th Street for clothes or cookware. They shouldn't have a problem, Midtown Manhattan was largely unaffected by Hurricane Sandy. One major tourist attraction in lower Manhattan wasn't so lucky.
Dan Tucker, of member station WNYC, has this report from the historic South Street Seaport.
Afghan officials welcomed the release of Taliban prisoners by Pakistan in an attempt to jump-start a shaky peace process with the militant group. But many Afghans are wondering about the timing and the motive. They say mistrust born of decades of duplicity won't vanish with a few declarations or small gestures.
Secretary-General of the Afghan High Peace Council Mohammad Stanekzai was part of the delegation that recently traveled to Pakistan to discuss how the countries can cooperate and bring the Taliban to the negotiating table.
There has been a small but potentially important breakthrough in the faltering Afghan peace process. In what is considered a good-faith gesture, Pakistan last week released at least nine Afghan Taliban prisoners. The move is seen as part of an emerging new strategy by Pakistan as it eyes the looming drawdown of U.S. and Western troops in Afghanistan.