Jan 19 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– Microsoft Corp announced plans to lay off 10,000 workers as it looks to trim costs amid economic uncertainty and to refocus on priorities such as artificial intelligence.

– California has now become the largest state to sue the major companies on the insulin market, accusing them of illegally inflating the price of the treatment and spawning a financial and public health crisis.

– A Russian citizen, Anatoly Legkodymov, who ran the cryptocurrency exchange Bitzlato that federal prosecutors say transmitted at least $700 million in illicit funds has been arrested in Miami and charged with evading U.S. money-laundering safeguards. (Compiled by Bengaluru newsroom)