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FTX's former head of Europe bought the most expensive Titanic relic ever auctioned. The gold watch sold for $1.5 million, and belonged to John Jacob Astor IV. Gruhn is a German crypto law veteran who formerly served as the head of FTX Europe. Gruhn is now readying the launch of a new crypto trading venue called Perpetuals, and said he plans to restart FTX Europe under a different name. "From all the facts it was clear that FTX Europe did not and couldn't know about the fraud from SBF," he said.
Persons: John Jacob Astor IV, Gruhn, , Patrick Gruhn, Henry Aldridge, Astor, Andrew Aldridge, wasn't, Sam Bankman, Fried Organizations: Service, Titanic, titans, Henry Aldridge & Son Locations: Europe, German, America, United States, Gruhn
A gold pocket watch owned by Titanic's richest passenger sold at auction for around $1.5 million. The watch was owned by John Jacob Astor IV, a businessman who died when the ship sank in 1912. AdvertisementA gold pocket watch that belonged to the richest man on the Titanic has sold at auction for a record-breaking £1.175 million, which is roughly $1.5 million. Astor IV, who was 47 at the time the Titanic sank, helped his wife, Madeleine, onto a lifeboat and then smoked a last cigarette as the ship went down. Universal History Archive/Universal Images Group via Getty ImagesThe RMS Titanic sank in the early hours of April 15, 1912, after hitting an iceberg in the North Atlantic Ocean.
Persons: John Jacob Astor IV, , Henry Aldridge, Son's Instagram, Astor, Son, Astor IV, Madeleine, Wallace Hartley, Harland &, OceanGate Organizations: Titanic's, Service, Henry Aldridge & Son, Titanic, Getty, Harland, Harland & Wolff Locations: Devizes , Wiltshire, South West England, Belfast , Northern Ireland
Simon has a “complete mental health network” in New Hampshire and an apartment, said Dantas, who asked for home confinement, including an electronic monitoring device. Simon has a record of driving away from New Hampshire authorities, prosecutors said. Simon is now accused of multiple charges, including two counts of manslaughter, armed robbery, assault and leaving the scene of an accident. He appeared in court Thursday to be arraigned on several additional charges, including negligent operation of a motor vehicle and failing to stop for a police officer. In New Hampshire, Simon has served time in both the state corrections department secure psychiatric unit and in the state prison on charges including reckless conduct and assault.
Persons: Peter Simon, Paul Tracey, Roderick Jackson, Simon's, Lynda Dantas, Simon, Dantas, , Franklin Organizations: National Grid Locations: WALTHAM, Mass, Massachusetts, Woodsville , New Hampshire, Waltham, Cambridge, New Hampshire, Keene
Read previewThe insurance startup Devoted Health managed to raise another $175 million last week despite the venture-capital downturn. Devoted has raised more than $2 billion in funding to date. Funding raised by Devoted and other health-insurance startups isn't included in these figures. New funding follows rapid growthDevoted said the Series E funding round came after a year of fast growth. The round was led by a syndicate that included The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures, Devoted said.
Persons: , Bill Evans, megadeals, Oscar, Andreessen Horowitz, Catalyst Organizations: Service, Business, Rock Health Capital, Rock Health, Bright, Clover Health, Oscar Health, Highbury Holdings, Stardust Equity, Maverick Ventures, Fearless Ventures, Socium Ventures, Emerson, Prime Capital Partners, GreatPoint Ventures Locations: Waltham , Massachusetts
AbbVie will pay around $10 billion to add a potential blockbuster cancer treatment as cheaper versions of the drugmaker’s all-time best seller, Humira, cut into sales. But company leaders cautioned Thursday that a return on the deal they announced for drug developer ImmunoGen will take time to develop. The deal delivers Elahere, an ImmunoGen ovarian cancer treatment that AbbVie says could eventually reap billions of dollars in annual sales and drive long-term revenue growth. AbbVie has been dealing this year with cheaper competition for its top seller, the autoimmune disease treatment Humira. AbbVie and ImmunoGen said Thursday that the boards of both companies have approved the transaction.
Persons: AbbVie, Elahere, Humira, ImmunoGen Organizations: Food and Drug Administration, Inc Locations: U.S, Waltham , Massachusetts, Chicago , Illinois
Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.
Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, , ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON
[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest rates. Benchmark 10-year yields fell as low as 4.484%, the lowest since Sept. 26. The U.S. dollar index dropped to a six-week low after the jobs data. In afternoon trading, the dollar index fell 1.111%, with the euro up 1.07% to $1.0734.
Persons: Brendan McDermid, Detroit's, Brad McMillan, Jerome Powell, Caroline Valetkevitch, Harry Robertson, Chibuike, Jacqueline Wong, Miral Fahmy, Alison Williams, Mark Heinrich, Rod Nickel, Diane Craft Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Federal, United Auto Workers, Commonwealth Financial Network, Bank of England, Traders, U.S . Treasury, Dow Jones, Nasdaq, Apple, Brent, Thomson Locations: New York City, U.S, Waltham , Massachusetts, Central, New York, London
[1/2] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The job growth slowdown underscored views that the Federal Reserve may be done hiking interest rates. The data also showed the increase in annual wages was the smallest in nearly 2-1/2 years, pointing to an easing in labor market conditions. The pan-European STOXX 600 index (.STOXX) rose 0.17% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 1.44%. The U.S. dollar index dropped to a six-week low after the jobs data.
Persons: Brendan McDermid, Detroit's, Brad McMillan, Jerome Powell, Caroline Valetkevitch, Harry Robertson, Chibuike Oguh, Jacqueline Wong, Miral Fahmy, Alison Williams, Mark Heinrich, Rod Nickel Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Federal, United Auto Workers, Commonwealth Financial Network, Bank of England, U.S . Treasury, Dow Jones, Nasdaq, Apple, Brent, Thomson Locations: New York City, U.S, Waltham , Massachusetts, Central, New York, London
[1/4] U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. The index was on track for its largest one-day fall since July. The numbers for September were revised lower to show 297,000 jobs created instead of 336,000 as previously reported. Against the yen, the dollar slid 0.6% to 149.53 yen , capping a whirlwind week, in which the Japanese currency touched a one-year low against the dollar and 15-year trough against the euro. Sterling rose 1.1% versus the dollar to $1.2327, after earlier hitting a six-week high of $1.2350.
Persons: Dado Ruvic, Brad McMillan, Kazuo Ueda, Sterling, Jerome Powell, Gertrude Chavez, Dreyfuss, Chibuike Oguh, Alun John, Ankur Banerjee, Christina Fincher, Andrea Ricci Organizations: REUTERS, Sterling, Federal Reserve, Commonwealth Financial Network, Bank of Japan, Reuters, Treasury, U.S . Treasury Department, Thomson Locations: Waltham , Massachusetts, U.S, New York, London, Singapore
"Short term, if you're visiting a smaller biotech customer, what you're seeing is concerns about when the funding environment is going to improve. On the call, finance chief Stephen Williamson said core revenue growth and adjusted profit in 2024 will be similar to that in 2023. It also forecast 2023 adjusted profit of $21.50 per share, below analysts' estimates of $22.28. The medical equipment maker forecast adjusted earnings of $21.75 per share in 2024, short of analysts' estimates by $2.23. Third-quarter revenue of $10.57 billion missed analysts' expectations of $10.60 billion while adjusted profit of $5.69 per share topped estimates of $5.61, according to LSEG data.
Persons: Brian Snyder, Marc Casper, Stephen Williamson, Raymond James, Andrew Cooper, Bhanvi, Shinjini Ganguli, Shounak Dasgupta, Sriraj Organizations: REUTERS, Agilent Technologies, Reuters, Thomson Locations: Waltham , Massachusetts, U.S, China, Bengaluru
Thermo Fisher Scientific to buy Olink in $3.1 billion deal
  + stars: | 2023-10-17 | by ( ) www.reuters.com   time to read: +2 min
A company flag flies outside the offices of Thermo Fisher Scientific offices in Waltham, Massachusetts, U.S., August 2, 2023. The deal lifted Olink's U.S.-listed shares nearly 67% in early trading, while shares of Thermo Fisher were down over 1%. Olink's acquisition will help Thermo Fisher's customers in the biotech industry "to meaningfully accelerate discovery and scientific breakthroughs," Thermo Fisher CEO Marc Casper said. Thermo Fisher said it would pay Olink shareholders $26 per share, an about 74% premium to the U.S.-listed stock's closing price on Monday. The deal is a good fit for Thermo Fisher and "checks the box strategically," Evercore ISI analyst Vijay Kumar wrote in a note.
Persons: Brian Snyder, Fisher, Marc Casper, Vijay Kumar, Mariam Sunny, Krishna Chandra Eluri, Shilpi Majumdar Organizations: REUTERS, Olink, U.S, Thomson Locations: Waltham , Massachusetts, U.S, Sweden, Bengaluru
Our study suggests that both ADHD and major depressive disorder are risk factors for suicide attempt,” Freuer said in an email. Instead, “the increased risk for anorexia nervosa can be attributed entirely to ADHD,” Freuer said. Researchers looked for a link between ADHD and seven mental health conditions: anorexia nervosa, anxiety, bipolar disorder, major depression, PTSD, schizophrenia and at least one suicide attempt. “Also on the list are Tourette syndrome, obsessive compulsive disorder, depression, substance use disorders, eating disorders, learning disabilities and sleep dysfunction,” he added. Both children have the same biological disorder — ADHD — but different environments will uncover different symptoms such as anxiety or depression, Greenblatt said.
Persons: , Dennis Freuer, , ” Freuer, isn’t, ” Mayo, Freuer, “ Impulsivity, James Greenblatt, Greenblatt, ” Greenblatt, ideation Organizations: CNN, University of Augsburg, Mayo Clinic, Walden Behavioral Care, Mental Health Locations: Germany, Waltham , Massachusetts, fizkes
CNN —“Friends” director James Burrows writes in his new memoir that producers nearly recast Ross’ wife Emily, played by Helen Baxendale. In his new memoir “Directed By James Burrows,” he writes that Baxendale’s chemistry with Schwimmer didn’t always generate big laughs. Oliver Upton/NBCU Photo Bank/Getty Images“Often, you can’t recast, because of tight shooting deadlines or other logistical considerations,” Burrows wrote. Her character Emily was introduced in Season 4 and appeared in 14 episodes in all. Emily and Ross married in Season 5, but Ross said Rachel’s name during the vows by accident.
Persons: CNN —, James Burrows, Ross, Emily, Helen Baxendale, , Schwimmer, “ Schwimmer, Rachel, ” Rachel, Jennifer Aniston, Matthew Perry, Chandler Bing, Rachel Green, David Schwimmer, Ross Geller, Emily Waltham, Courteney Cox, Monica Geller, Matt LeBlanc, Joey Tribbiani, Oliver Upton, ” Burrows, it’s, ” Baxendale, Baxendale Organizations: CNN, Bank, Getty
Henrietta Lacks changed modern medicine when doctors took her cells without her consent in 1951. Despite that incalculable impact, the Lacks family had never been compensated. Henrietta Lacks' cells have been part of many medical breakthroughs. "The exploitation of Henrietta Lacks represents the unfortunately common struggle experienced by Black people throughout history," the complaint reads. "It was a long fight — over 70 years — and Henrietta Lacks gets her day."
Persons: Henrietta, HeLa, Ben Crump, Crump, didn't, Rebecca Skloot, Oprah Winfrey, Johns Hopkins, Fisher, George Floyd's, Alfred, Carter Jr, Chris Van Hollen, Ben Cardin, Van Hollen Organizations: Service, Johns Hopkins Hospital, Fisher Scientific Inc, Associated Press, HBO, Johns Hopkins Medicine, Maryland Democrats Locations: Wall, Silicon, Waltham , Massachusetts, Baltimore, Virginia, United States, Baltimore's
London's solar street thrives on people power
  + stars: | 2023-06-15 | by ( Natalie Thomas | ) www.reuters.com   time to read: +4 min
[1/5] Roofers install solar panels on the roof of renegade artists Dan Edelstyn and Hilary Powell's house in London, Britain, June 6, 2023. Dan Edelstyn and Hilary Powell raise funds to install solar panels on the rooftops of all the houses on their street. After raising 113,000 pounds ($141,000), partly through crowd-funding publicised by sleeping on their roof for three cold, winter weeks, artist couple Dan Edelstyn and Hilary Powell have arranged for solar panels to be installed on dozens of houses on their street. Households powered by solar panel-derived electricity draw less power from the national grid, cutting energy bills, and they can also sell any excess energy back. Industry analysts say community projects tend to be more efficient than individual solar installations as costs fall with scale.
Persons: Dan Edelstyn, Hilary Powell's, Hilary Powell, Anna Gordon LONDON, Powell, Ejaz Hussein, It's, Rebecca Dibb, Ofgem, Edelstyn, Sachin Ravikumar, Barbara Lewis Organizations: Industry, Octopus Energy, Community Energy, Thomson Locations: London, Britain, Waltham Forest
While last year was a bloodbath for some young health insurers, Devoted Health ended 2022 relatively unscathed. Several newly public health insurers have struggled with losses, and some have been forced to retrench to stay afloat. Devoted has won more Medicare Advantage members in 2023 than competitorsExecutives of Devoted Health's rivals. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderInsider's analysis of the latest federal enrollment data found that Devoted had 126,287 Medicare Advantage members as of March 1. Bright had 122,371 Medicare Advantage members at the two California health plans it owns, while Alignment Healthcare had about 109,221 Advantage members, according to Insider's analysis.
Signs of calm and stability in banking stocks, which have tanked in the past week following the collapse of Silicon Valley Bank (SVB), soon paved way for renewed selling as Credit Suisse shares fell to record lows. Reuters GraphicsThe STOXX 600 (.STOXX) index fell 1.67%, while Europe's broad FTSEurofirst 300 index (.FTEU3) fell 51.58 points, or 2.91%Investors rushed back into safe haven investments. "The Credit Suisse share price is falling and government bonds are rallying on the back of that. Markets are "spooked" by Credit Suisse headlines, said Richard McGuire, head of rates strategy at Rabobank in London. "For today Credit Suisse is the dish of the day but we don't think this will be a longer lasting trend," he said.
Three years later, at least 65 million people worldwide are estimated to have long COVID, according to an evidence review published last month in Nature Reviews Microbiology. An analysis of thousands of health records by the RECOVER trial found that non-Hispanic white women in wealthier areas were more likely than others to have a long COVID diagnosis. Researchers said that likely reflected disparities in access to healthcare, and suggests that many cases of long COVID among people of color are not being diagnosed. She has since been diagnosed with long COVID and can no longer work. Other infections such as Lyme disease can result in long-term symptoms, many of which overlap with long COVID.
FedEx Corp (FDX.N), which sparked a market selloff in September after pulling financial forecasts, provided financial guidance and announced plans for $1 billion cost cuts. Also, U.S. consumer confidence rose to an eight-month high in December as inflation retreated and the labor market remained strong while 12-month inflation expectations fell to 6.7%, the lowest since September 2021. It's been helped by upbeat corporate commentary and an improvement in consumer confidence," said Angelo Kourkafas, investment strategist at Edward Jones in St. Louis referring to Nike and FedEx. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. On U.S. exchanges 9.81 billion shares changed hands, compared with the 11.16 billion average for the last 20 sessions.
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