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☆ Details about Jane Street's top secret, $1 billion trade revealed in court
▼ + stars: | 2024-04-19 | by ( Alex Morrell | ) www.businessinsider.com time to read: +9 min

Lawyers also revealed that the trade earned Jane Street $1 billion last year and was on pace to earn even more for the firm this year. Jane Street worried about extinguishing the trade's viability, Brown said, intentionally leaving short-term profits on the table to maintain its long-term viability. But the company's profits from the strategy plummeted in the month after the traders joined Millennium, Jane Street says, falling 50% in March. Engelmayer denied the temporary restraining order, saying Jane Street did not establish irreparable harm. Jane Street may believe irreversible harm has already taken place, given its desire to keep details of the trade secret, including the country it operates in.

Persons: —, Jane Street, Paul Engelmayer, pilfered, Doug Schadewald, Daniel Spottiswood, Jane, Deborah Brown, Quinn Emanuel, Engelmayer, Brown, Spottiswood, Andrew Levander, Levander, Jane Street's, Rollo Baker, Elsberg Baker, Maruri, Judge Engelmayer, Baker Organizations: Service, Management, Business, Millennium, Jane Street, Bloomberg Locations: Manhattan, India, Schadewald

☆ Massive cosmic explosion creates rare elements in space
▼ + stars: | 2023-10-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CNN —The James Webb Space Telescope and other observatories witnessed a massive explosion in space that created rare chemical elements, some of which are necessary for life. Tracking stellar explosionsAstronomers have long believed that neutron star mergers are the celestial factories that create rare elements heavier than iron. What was unusual about this burst is that it lasted for 200 seconds, making it a long gamma-ray burst. One of the pair exploded as a supernova, leaving behind a neutron star, and then the same thing happened to the other star. Finding cosmic elementsAstronomers have been trying to determine how chemical elements are created in the universe for decades.

Persons: James Webb, ”, Andrew Levan, Levan, Webb, Fermi, Neil Gehrels, “, Dmitri Mendeleev, ” Levan, it’s, supernovas, Eric Burns, Om Sharan Salafia, Nancy Grace, “ Webb, Ben Gompertz, ” Gompertz Organizations: CNN, James Webb Space Telescope, Way Galaxy, Telescope, Radboud University, Observatory, Royal Society of Chemistry, Astronomers, Louisiana State University, National Institute for Astrophysics, Institute, Gravitational, School of Physics, University of Birmingham Locations: Netherlands, Italy, United Kingdom

☆ Hidden investors took over Corizon Health, a leading prison healthcare company. Then they deployed the Texas Two-Step.
▼ + stars: | 2023-08-21 | by ( Nicole Einbinder | Dakin Campbell | ) www.businessinsider.com time to read: +63 min

The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.

Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, —, Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp

☆ NASA's James Webb telescope spotted two stars crashing into each other so violently it could have created gold in space
▼ + stars: | 2023-07-11 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The James Webb Space Telescope picked up the blast from two neutron stars colliding. The blast, called a kilonova, created the perfect conditions to make space gold and platinum. The death of two neutron starsAn artist's impressino of a kilonova NASA's Goddard Space Flight Center/CI LabA kilonova happens when two neutron stars — collapsed supermassive stars — gravitate around one another and eventually crash. This particular blast, called GRB 230307A, was first detected by NASA's Fermi Gamma-ray Space Telescope on March 7, 2023, per Space.com. These only arise in very limited circumstances, like when two neutron stars collide.

Persons: James Webb, JWST, Fermi, Gold, Uli Deck, Andrew Levan Organizations: James Webb Space Telescope, Service, James Webb Space, Space Flight, Getty, Radboud University Locations: Wall, Silicon, Netherlands

☆ Ancient galaxy reveals a surprising way to annihilate a star
▼ + stars: | 2023-06-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

The explosion lasted just over a minute — considered long, like any gamma-ray burst, or GRB, that lasts more than two seconds. These violent, destructive bursts can leave behind dense remnants like neutron stars or result in the creation of black holes. Why ancient galaxies could hide star deathsDuring their search for the origin of the gamma-ray burst, astronomers used the Gemini South telescope located in Chile to observe the afterglow of the cosmic explosion. Compared with younger, more typical galaxies, ancient galaxies can have up to a million or more stars densely packed into their cores. But they had no evidence for any long gamma-ray bursts originating from ancient galaxies — until now.

Persons: NASA’s Neil Gehrels, ”, Wen, fai Fong, Andrew Levan, Albert Einstein, Jillian Rastinejad, Fong Organizations: CNN, fai, Northwestern University’s Weinberg College of Arts and Sciences, Radboud University, telltale, Center for Interdisciplinary Exploration, Research, Astrophysics, Northwestern Locations: Nijmegen , Netherlands, Chile, Northwestern

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