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The Major Supreme Court Cases of 2024No Supreme Court term in recent memory has featured so many cases with the potential to transform American society. In 2015, the Supreme Court limited the sweep of the statute at issue in the case, the Sarbanes-Oxley Act of 2002. In 2023, the Supreme Court temporarily blocked efforts to severely curb access to the pill, mifepristone, as an appeal moved forward. A series of Supreme Court decisions say that making race the predominant factor in drawing voting districts violates the Constitution. The difference matters because the Supreme Court has said that only racial gerrymandering may be challenged in federal court under the Constitution.

Persons: Donald J, Trump, Anderson, Sotomayor Jackson Kagan, Roberts Kavanaugh Barrett Gorsuch Alito Thomas, Salmon, “, ”, Mr, Nixon, Richard M, privilege.But, Fitzgerald, Vance, John G, Roberts, Fischer, Ruth Bader Ginsburg, Clarence Thomas, Samuel A, Alito Jr, Alito, ’, Moyle, Wade, Roe, Johnson, Robinson, Moody, Paxton, Robins, Media Murthy, Sullivan, Murthy, Biden, Harrington, Sackler, Alexander, Jan, Raimondo, ” Paul D, Clement, Dodd, Frank, Homer, Cargill Organizations: Harvard, Stanford, University of Texas, Trump, Liberal, Sotomayor Jackson Kagan Conservative, Colorado, Former, Trump v . United, United, Sarbanes, Oxley, U.S, Capitol, Drug Administration, Alliance, Hippocratic, Jackson, Health, Supreme, Labor, New York, Homeless, Miami Herald, Media, Biden, National Rifle Association, Rifle Association of America, New York State, Purdue Pharma, . South Carolina State Conference of, Federal, Loper Bright Enterprises, . Department of Commerce, Chevron, Natural Resources Defense, ”, SCOTUSPoll, Consumer Financial, Community Financial Services Association of America, Securities, Exchange Commission, Exchange, Occupational Safety, Commission, Lucia v . Securities, Federal Trade Commission, Internal Revenue Service, Environmental Protection Agency, Social Security Administration, National Labor Relations Board, Air Pollution Ohio, Environmental, Guns Garland, Alcohol, Tobacco, Firearms, Explosives, National Firearms, Gun Control Locations: Colorado, Trump v . United States, United States, Nixon, Florida, Gulf of Mexico, Dobbs v, Idaho, Roe, Texas, States, New, New York, Grants, Oregon, . California, Martin v, Boise, Boise , Idaho, Missouri, Parkland, Fla, Murthy v . Missouri, . Missouri, ., South Carolina, Alabama, SCOTUSPoll, Lucia v, Western

☆ Live Updates: Justices to Hear Obstruction Case That Could Bar Charges Against Trump
▼ + stars: | 2024-04-16 | by ( Adam Liptak | ) www.nytimes.com time to read: +6 min

Still, in an earlier case involving a different provision of the law, the Supreme Court said it should be tethered to its original purpose. Mr. Fischer is accused of entering the Capitol around 3:24 p.m. on Jan. 6, 2021, with the counting of electoral ballots having been suspended after the initial assault. But the question for the justices is legal, not factual: Does the 2002 law cover what Mr. Fischer is accused of? Indeed, the judges in the majority in an appeals court ruling against Mr. Fischer could not agree on just what the word meant. By a 5-to-4 vote, the Supreme Court agreed.

Persons: Donald J, Trump, Joseph W, Fischer, Trump’s, “, Mr, Judge Florence Y, Pan, Fischer’s, Justin R, Walker, Judge Walker, corruptly ’, ”, Judge Gregory G, Katsas, ” Judge Katsas, Ruth Bader Ginsburg, Elena Kagan, Kagan, Seuss Organizations: Sarbanes, Oxley, Enron, Capitol, Mr, ” Prosecutors, Yates, Supreme Locations: United States

☆ Justices question obstruction charge in Jan 6 rioter prosecution, which could affect Trump's case
▼ + stars: | 2024-04-16 | by ( Lawrence Hurley | Ryan J. Reilly | ) www.cnbc.com time to read: +4 min

Some justices expressed similar sentiments during Tuesday's arguments, asking whether the statute in question could be used to prosecute peaceful protesters, including people who at times have disrupted Supreme Court proceedings. Trump himself faces charges of violating the same law, as well as conspiracy to obstruct an official proceeding. Fischer faces seven criminal charges, only one of which is the focus of the Supreme Court case. He also faces charges of assaulting a police officer and entering a restricted building, among others. Conservative Justice Brett Kavanaugh questioned why the Justice Department needed to charge Fischer using the obstruction statute, noting that he faces the six other charges.

Persons: Micki Witthoeft, Ashli Babbitt, Fischer, WASHINGTON, Donald Trump, Joseph Fischer, Joe Biden's, Trump, Neil Gorsuch, Clarence Thomas, Brett Kavanaugh, Ginni Thomas, Trump's Organizations: U.S ., Appeals, District of Columbia, WASHINGTON —, U.S . Capitol, State, Trump, Conservative, Justice Department, Sarbanes, Oxley, Capitol, Prosecutors Locations: Washington ,, U.S, Washington, New York, Trump's

☆ Justices to Hear Obstruction Case That Could Bar Charges Against Trump
▼ + stars: | 2024-04-16 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

The Supreme Court will hear arguments on Tuesday in a case that could eliminate some of the federal charges against former President Donald J. Trump in the case accusing him of plotting to subvert the 2020 election and could disrupt the prosecutions of hundreds of rioters involved in the Capitol attack. The law figures in two of the federal charges against Mr. Trump in his election subversion case, and more than 350 people who stormed the Capitol have been prosecuted under it. If the Supreme Court sides with Mr. Fischer and says the statute does not cover what he is accused of having done, Mr. Trump is almost certain to contend that it does not apply to his conduct, either. The law, signed in 2002, was prompted by accounting fraud and the destruction of documents, but the provision is written in broad terms. Still, in an earlier case involving a different provision of the law, the Supreme Court said it should be tethered to its original purpose.

Persons: Donald J, Trump, Joseph W, Fischer Organizations: Sarbanes, Oxley, Enron, Capitol, Mr

☆ Jan. 6 Obstruction Case at Supreme Court Could Help Trump and Many Others
▼ + stars: | 2024-04-14 | by ( Adam Liptak | ) www.nytimes.com time to read: +1 min

At first blush, the case the Supreme Court will hear on Tuesday seems technical, requiring the justices to parse a decades-old statute mainly concerned with the destruction of business records. But the case has the potential to knock out half of the federal charges against former President Donald J. Trump for plotting to subvert the 2020 election, entangle hundreds of Jan. 6 prosecutions and help adjudicate the very meaning of the attack on the Capitol. The immediate question for the justices is whether a federal law aimed primarily at white-collar crime, the Sarbanes-Oxley Act of 2002, can be used to prosecute members of the mob who stormed the Capitol, including the defendant in the case, Joseph W. Fischer, a former Pennsylvania police officer. More than 300 people have been prosecuted under the law, which makes it a crime to obstruct an official proceeding. But its language is broad, and prosecutors say its plain terms cover Mr. Fischer’s conduct.

Persons: Donald J, Trump, Joseph W, Fischer, Fischer’s Organizations: Capitol, Sarbanes, Oxley, Enron Locations: Pennsylvania

Without ever clicking a mouse or touching a screen, Mark selected this command on his computer simply using signals from his brain. “I figured I had two choices: I could wallow in self-pity, or I could pick myself up by the bootstraps and do what I could to help,” Mark said. Synchron’s brain implant, the one Mark has, is called a Stentrode and consists of a stent with electrode sensors that can detect electrical brain activity. That external transmitter sits right above the internal transmitter and carries the signal from Mark’s brain to the computer almost instantaneously. Earlier this month, Musk also said Neuralink’s first human trial participant can control a computer mouse with their brain.

Persons: Sanjay Gupta’s, Erin Burnett OutFront, CNN —, Mark, Lou Gehrig’s, ” Mark, Elon Musk, ”, “, Sanjay Gupta, Synchron, Tom Oxley, hardwired, he’s, Mark didn’t, “ We’d, Maria Nardozzi, ” Oxley, CNN Mark, Musk’s Neuralink, Oxley, António Guterres, ” Elon Musk, Gonzalo Fuentes, Neuralink, Musk, Hope Organizations: CNN, BCI, US Food and Drug Administration, Netflix, US Securities and Exchange Commission, United Nations, Reuters, SpaceX Locations: Neuralink, UNESCO’s, Pennsylvania

☆ Neuralink is less advanced than these 4 brain-computer devices. See Elon Musk's competition.
▼ + stars: | 2024-02-08 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +10 min

Elon Musk's brain-computer interface company, Neuralink, has implanted into a first human patient. AdvertisementElon Musk announced his brain interface company, Neuralink , implanted its first human brain chip last week. Courtesy of Blackrock NeurotechToday, most people who have a BCI implanted in their head have a Blackrock device. For now, all implanted BCIs are a way for people with severe forms of paralysis to regain independence, using their thoughts to control devices and access the internet. The neurodegenerative condition rendered key muscles in her face limp, but a BCI device is helping her communicate again.

Persons: Elon, Musk, who've, —, Elon Musk, you'd, Blackrock Neurotech, Florian Solzbacher, Marcus Gerhardt, BrainGate Pat Bennett, Steve Fisch, Stanford Medicine BrainGate, Matthew Nagle, Nagle, they're, Gerhardt, Leigh Hochberg, Synchron, Dr, Thomas Oxley, Angela Weiss, stentrode, Musk —, Max Hodak, Hodak, didn't, Ann Johnson, Dutchman Gert, Jan Oksam, Oksam, we'll, Stephen Hawking Organizations: BCI, Service, Twitter, Blackrock, Blackrock Neurotech, Stanford Medicine, Brown University, BrainGate, Getty Images, Reuters, Bloomberg, University of California, Lausanne University, California –, Elon Locations: Massachusetts, Utah, Blackrock, Getty Images Brooklyn, Australia, San Francisco, Switzerland, California

☆ Neuralink competitor Synchron to ramp up brain implant production with equity stake in manufacturer
▼ + stars: | 2024-02-01 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device. Synchron announced Thursday that it has acquired a minority equity stake in the German manufacturer Acquandas, which has the unique ability to layer the metals that make up one component of the company's implant. Founded in 2012, Synchron has developed a brain-computer interface, or a BCI, called the Synchron Switch. During initial studies, Synchron has so far implanted six patients in the U.S. and four patients in Australia. Synchron declined to share the specific size of Synchron's stake in Acquandas or the exact number of devices it is producing.

Persons: Philip O'Keefe, Synchron, Tom Oxley, Riki Banerjee, Oxley, Acquandas Organizations: BCI, U.S . Food, Drug Administration, CNBC Locations: U.S, Australia, Acquandas

☆ Elon Musk's Neuralink implants brain tech in human patient for the first time
▼ + stars: | 2024-01-29 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

The company is developing a brain implant that aims to help patients with severe paralysis control external technologies using only neural signals. The in-human clinical trial marks just one step on Neuralink's path toward commercialization. Neuralink did not disclose how many human patients will participate in its initial in-human trial. Paradromics is aiming to launch its first trial with human patients in the first half of this year. Precision Neuroscience carried out its first in-human clinical study last year.

Persons: Elon, Neuralink, Musk, Stephen Hawking, Blackrock Neurotech, Tom Oxley's Organizations: U.S . Food, Drug Administration, FDA, SpaceX, BCI, Neuroscience, Paradromics, Blackrock Locations: U.S

☆ Abandoned golf courses are being reclaimed by nature
▼ + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com time to read: +9 min

CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.

Persons: ”, Guillermo Rodriguez, “, ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside

☆ Photos show the recently discovered wreck of a World War II-era submarine more than 80 years after a German sub sank it
▼ + stars: | 2023-10-20 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Researchers discovered the wreck of a World War II-era submarine off the coast of Norway this year. The HMS Thistle was a British sub that sank after being hit by a German vessel in 1940. AdvertisementAdvertisementA crew of Norwegian maritime researchers said they stumbled upon the long-lost wreck of a World War II-era British submarine that was torpedoed by a German submarine in 1940 just seven months after the war began. The HMS Thistle was torpedoed by a German submarine in April 1940. The HMS Thistle wreck is more than 500 feet below the ocean's surface.

Persons: —, Kjell Bakkeplass, Oxley, Bakkeplass Organizations: HMS Thistle, Service, Norway's Institute, Marine Research, Institute of Marine Research, HMS, British Royal Navy, Institute for Marine Research, Norwegian, Thistle, Royal Navy Locations: Norway, British, Norwegian, German, Rogaland

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ Bankman-Fried circus will be a singular clown show
▼ + stars: | 2023-10-04 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 4 (Reuters Breakingviews) - All eyes are on Sam Bankman-Fried as the cryptocurrency founder’s criminal trial gets underway this week. The high-profile case bears similarities to past scandals such as Enron and Countrywide Financial, when regulation followed investigations. Lawmakers hauled Wall Street analysts up to Capitol Hill to grill them about their “buy” ratings. Importantly, legislators passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, forcing banks to hold more capital, among other stipulations. It also is less prevalent – less than 20% of Americans have invested in crypto, according to the Pew Research Center.

Persons: Sam Bankman, FTX’s, Ken Lay, Arthur Andersen, Dodd, Frank Wall, Tom Brady, Bill Clinton, Fried, Lauren Silva Laughlin, Sharon Lam Organizations: Reuters, Enron, Countrywide Financial, Countrywide, Bank of America, Lawmakers, Sarbanes, Oxley, Frank Wall Street Reform, Consumer, The Securities, Exchange Commission, Pew Research Center, Louis Federal Reserve, Southern, Thomson Locations: Manhattan, New

☆ A Fossil Dream as Big as Texas
▼ + stars: | 2023-07-17 | by ( Asher Elbein | Nina Riggio | ) www.nytimes.com time to read: +1 min

Most people come to Ox Ranch — an 18,000-acre property outside Uvalde, Texas — for the thrill of hunting exotic animals in the Hill Country. Mr. LuJan is a commercial paleontologist, bald and often dressed in dinosaur-themed shirts and socks, who collects fossils and assesses their value for private clients. Such arrangements are not unusual in the vast and wealthy state, which is in the middle of a paleontological renaissance. That won’t be the case with Ox Ranch, and Mr. LuJan has bigger ambitions. But Mr. LuJan sees a paleontological void in the state, which has no public museum devoted solely to its fossil treasures.

Persons: Brent C, Oxley, Andre LuJan, LuJan Organizations: Uvalde , Texas — Locations: Uvalde , Texas, Texas

☆ Iowa Republicans pass a new 6-week abortion ban
▼ + stars: | 2023-07-12 | by ( Adam Edelman | ) www.cnbc.com time to read: +7 min

Reynolds, in a statement issued moments after the bill was passed, said she would sign the bill on Friday. As it currently stands, abortion remains legal in Iowa until the 20th week of pregnancy. The bill passed by Republicans, who control the Legislature, would ban abortions at the sixth week of pregnancy — or when, in some cases, a fetal pulse can first be heard via ultrasound. Republicans have often struggled to talk to voters about abortion rights in the year since the Supreme Court's Dobbs ruling overturned Roe v. Wade. The latest bill is nearly identical to a six-week ban that remains permanently blocked following an Iowa Supreme Court ruling last month.

Persons: Kim Reynolds, Reynolds, —, Holmes, Zach Boyden, Connie Ryan, Amy Bingaman, Bingaman, Iowans, Vicki Miller, Court's Dobbs, Roe, people's, Ron DeSantis, Mike Pence, Nikki Haley, Sen, Tim Scott of, Vivek Ramaswamy, Ramaswamy, Ruth Richardson, Dana Oxley, Oxley Organizations: Capitol, U.S . Iowa Republicans, Republican Gov, Republicans, Protesters, Iowa, Iowa Interfaith Alliance, Democratic, Republican, Florida Gov, South Carolina Gov, Democrats, Central, Iowa Supreme Locations: Iowa, Des Moines , Iowa, U.S, Des Moines, Tim Scott of South Carolina, Central States

June 16 (Reuters) - Iowa's highest court did not revive a 2018 ban on most abortions on Friday, meaning that abortion will remain legal in the state up to 20 weeks of pregnancy for now. Iowa passed a law banning abortion once a fetal heartbeat is detected, usually around six weeks, in 2018. The law was blocked because of the U.S. Supreme Court's longstanding 1973 ruling in Roe v. Wade, which guaranteed abortion rights nationwide. The Supreme Court overturned Roe last year, and Reynolds immediately sought to revive the 2018 law. The trial court judge said there was no legal mechanism for doing that, and three Supreme Court justices agreed.

Persons: Kim Reynolds, Roe, Wade, Alexis McGill Johnson, Chris Schandevel, today's, Reynolds, Thomas Waterman, Christopher McDonald, inequitable, Waterman, McDonald, Dana Leanne Oxley, Brendan Pierson, Alexia Garamfalvi, Aurora Ellis Organizations: Republican, Planned, U.S, Thomson Locations: Iowa, U.S ., Roe, New York

☆ Former SEC chief Harvey Pitt passes away at 78
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Harvey Pitt, a former chairman of the U.S. Securities and Exchange Commission, passed away on Tuesday, according to a statement from the director of the SEC Historical Society shared with Reuters. At the time, fellow SEC Commissioner Roel Campos said: "There has certainly never been anyone who loved this agency more than Chairman Pitt." Pitt was a graduate of St. John's University School of Law and the City University of New York, according to the SEC's website. He passed away on Tuesday, according to the statement from Jane Cobb, executive director of the SEC Historical Society. "Over the years, Harvey has been extremely generous with his time and sage advice," said Michael Piwowar, a former SEC commissioner.

Persons: Harvey Pitt, Pitt, George W, Bush, Roel Campos, Jane Cobb, Harvey, Michael Piwowar, Chris Prentice, Douglas Gillison, Niket, Shinjini Ganguli, Paul Simao Organizations: U.S . Securities, Exchange Commission, SEC Historical Society, Reuters, SEC, FBI, Enron, San Francisco Chronicle, Oxley, St, John's University School of Law, City University of New, Georgetown University, University of Pennsylvania, Kalorama Partners, Thomson Locations: City University of New York, Washington, New York, Bengaluru

☆ The Restaurant Service Charge Isn’t Going Anywhere
▼ + stars: | 2023-05-15 | by ( Priya Krishna | ) www.nytimes.com time to read: +1 min

Here’s a familiar restaurant scene: Dinner is over, the plates have been cleared and the server discreetly drops the bill on the table. But there’s something less familiar at the bottom of the check — a service charge, tacked on with little explanation. If not, should I leave more money? Is it rude if I ask my server any of this? “You shouldn’t have to ask,” said Chloe Lynn Oxley, a project manager in Washington, D.C., who dines out frequently and — like many diners — is often bewildered by the fees.

☆ Tellurian appoints Barclays' Simon Oxley as CFO
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: 1 min

Companies Tellurian Inc FollowMay 10 (Reuters) - U.S. liquefied natural gas (LNG) developer Tellurian Inc <TELL.A> said on Wednesday it has appointed Simon Oxley as chief financial officer, effective June 1. Oxley, who worked at Barclays Investment Bank as co-head of Oil & Gas Investment Banking for Europe, the Middle East, and Africa, will take over from Khaled Sharafeldin, who had been serving as the interim finance chief after Kian Granmayeh resigned from the CFO position in March. Oxley joins Tellurian after its Driftwood project has seen many setbacks including the cancellation of some LNG supply deals after two major potential customers last year raised concerns around the company's ability to finish the project. Reporting by Arshreet Singh; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Companies UBS Group AG FollowMay 1 (Reuters) - The U.S. Supreme Court on Monday agreed to examine how difficult it should be for financial whistleblowers to win retaliation lawsuits against their employers as the justices took up a long-running case involving Switzerland's UBS Group AG (UBSG.S). A Supreme Court ruling in favor of UBS could significantly curtail financial whistleblower lawsuits because it is often difficult for plaintiffs to prove a defendant's motives. Robert Herbst, a lawyer for Murray, said the 2nd Circuit decision ignored the text of the whistleblower law, adding that he looked forward to arguing the case before the Supreme Court. A UBS spokesperson said, "We expect the court will uphold the 2nd Circuit's decision." The Supreme Court is due to hear the case in its next term, which begins in October.

☆ Why Amazon quashed an Oregon bill that aimed to curb data center emissions
▼ + stars: | 2023-04-06 | by ( Annie Palmer | ) www.cnbc.com time to read: +4 min

On what was recently farmland, Amazon data centers have been built as close as 50 feet from residential houses in the Loudoun Meadows neighborhood on January 20, 2023, in Aldie, VA. Amazon's opposition to the clean energy measure is at odds with its broader push to improve its environmental impact. Amazon says it's on a path to using 100% renewable energy across its business by 2025, and is the largest corporate buyer of renewable energy. Experts have said the nation's out-of-date electrical grid remains a barrier to accelerating the transition to clean energy sources. Amazon has pledged to get all of its data centers running on renewable energy, but it has yet to divest completely from fossil fuels.

☆ Brain implant startup backed by Bezos and Gates is testing mind-controlled computing on humans
▼ + stars: | 2023-02-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +7 min

Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, using his BCI. Philip O'Keefe, one of Synchron's patients in the SWITCH clinical trial, was the first person in the world to tweet using a BCI device. About 20 months earlier, O'Keefe was implanted with Synchron's BCI. Synchron's technology has caught the attention of its competitors. Source: SynchronIn January, the medical journal JAMA Neurology published the peer-reviewed, long-term safety results from a trial of Synchron's BCI system in Australia.

☆ Lack of Crypto Audit Regulation Raises Questions About PCAOB Authority
▼ + stars: | 2023-02-17 | by ( Mark Maurer | ) www.wsj.com time to read: +6 min

Additionally, there isn’t a regulatory framework for audits for many crypto companies. The SEC, which oversees the PCAOB, is reviewing how crypto companies portray reports from audit firms in the aftermath of the FTX collapse. The PCAOB—which sets audit standards, inspects audits and disciplines audit firms—has said it can only oversee audits of public companies and SEC-registered broker-dealers. In a letter last month to PCAOB Chair Erica Williams, they said the watchdog ignored what they called questionable practices by auditors of crypto companies. Even potential improvements to crypto audit regulation might not prevent fraud in the crypto industry, said Andrew Kitto, an assistant professor of accounting at the University of Massachusetts Amherst and a former PCAOB economic research fellow.

Garvey had argued that the Sarbanes–Oxley Act of 2002 (SOX), which protects workers who report securities violations, can apply to securities fraud that occurs overseas but affects U.S. markets. Circuit said SOX's whistleblower protections do not prohibit securities fraud, so any impact on the U.S. was irrelevant in applying the law. Nor did Morgan Stanley, which has denied retaliating against Garvey. An administrative law judge ruled that SOX did not apply to overseas workers, and a review board agreed last year. For Garvey: pro seFor DOL: Reynaldo FuentesFor Morgan Stanley: Michael Kenneally of Morgan Lewis & BockiusOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. Audit Watchdog Looks to Strengthen Rules on Quality Controls
▼ + stars: | 2022-11-18 | by ( Mark Maurer | ) www.wsj.com time to read: +5 min

The regulator inspects audit firms’ approach to quality controls as part of its reviews. Fourteen audit firms issued audit reports for over 100 businesses apiece last year, the PCAOB’s website shows. Audit firms would have to conduct the first evaluation of their quality controls by the following Nov. 30. It is considering revising changes to rules on confirmations, a process by which audit firms obtain and evaluate audit evidence from independent third parties. The regulator is working to update more than 30 audit rules related to 10 of its standard-setting projects, many of which refer to outdated technology.

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