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☆ ‘Baby Reindeer:’ Judge allows defamation lawsuit against Netflix over show to proceed
▼ + stars: | 2024-09-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +4 min

CNN —A Scottish woman accused of stalking “Baby Reindeer” creator and star Richard Gadd can proceed with her defamation lawsuit against Netflix, after a federal judge in California refused to dismiss all of the claims. In a ruling published on Friday, Judge R. Gary Klausner wrote that while Fiona Harvey’s “purported actions are reprehensible,” the differences in how the show depicted these “could produce a different effect on the mind of a viewer.”Richard Gadd created and starred in "Baby Reindeer." The show topped most-watched lists worldwide after its debut in April, generating headlines and speculation about the characters and who inspired them. Jessica Gunning won an Emmy Award for her portrayal of Martha in "Baby Reindeer." Ed Miller/NetflixIn the lawsuit, Harvey alleges “several key differences” between herself and the character Martha, who stalked Gadd’s character Donny Dunn.

Persons: CNN —, Richard Gadd, R, Gary Klausner, Fiona Harvey’s “, ” Richard Gadd, Ed Miller, Klausner, Gadd, “, Richard Gadd’s, Harvey, sleuths, Martha Scott, ”, Jessica Gunning, Martha, Donny Dunn, ” “, Gadd …, Klaussner, ” Klausner Organizations: CNN, Netflix, Court, Central, Central District of, Guardian, Times Locations: California, Central District, Central District of California

☆ Netflix shouldn't have called 'Baby Reindeer' a true story, judge says, opening the way for defamation lawsuit
▼ + stars: | 2024-09-30 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +6 min

A judge has allowed a defamation lawsuit against Netflix's 'Baby Reindeer' to move forward. AdvertisementA judge has said that "Baby Reindeer" was wrongly labeled as a "true story," opening the way for a defamation lawsuit from the real-life "Martha" portrayed in the show to proceed. "Baby Reindeer" — a massive hit for Netflix — was first released in April. Jessica Gunning as Martha Scott in "Baby Reindeer" and Fiona Harvey on "Piers Morgan Uncensored." Related stories"Believing the series to be true, viewers immediately got to work trying to identify the real Martha," it added.

Persons: Netflix's, Fiona Harvey, Martha, Harvey, —, Richard Gadd, Netflix —, Gadd, it's, Donny Dunn, Martha Scott, Jessica Gunning, Piers Morgan, Gary Klausner, Klausner's, Ed Miller, Dunn, Harvey —, Klausner Organizations: Netflix, Service, Sunday Times

☆ How Truth Social could make former President Trump billions before turning a profit
▼ + stars: | 2024-07-24 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

Truth Social is a social media platform whose majority owner is former President Donald Trump. The public has limited access to Truth Social's usage data, which drives advertising sales, a key metric for success at Truth Social. Truth Social's parent company, Trump Media & Technology Group, is the product of a blank-check merger with a special purpose acquisition company, or SPAC, which was completed in March 2024. Securities and Exchange Commission filings for Trump Media & Technology Group mention a variety of risks, including that it could potentially fail to live up to its promise to generate users and advertisers. Watch the video above to learn more about Truth Social and its parent company, Trump Media & Technology Group.

Persons: Donald Trump, Michael Klausner Organizations: Truth, CNBC, Trump Media & Technology Group, Trump, TMTG's, Acquisition Corporation, Investors, Stanford Law School, Securities, Exchange, Trump Media & Technology, Social

☆ A Daily Pill to Prevent S.T.I.s? It May Work, Scientists Say.
▼ + stars: | 2024-07-18 | by ( Apoorva Mandavilli | ) www.nytimes.com time to read: +1 min

A daily dose of a widely used antibiotic can prevent some infections with syphilis, gonorrhea and chlamydia, potentially a new solution to the escalating crisis of sexually transmitted infections, scientists reported on Thursday. Scientists still have to resolve significant questions, including whether S.T.I.s might become resistant to the antibiotic and what effect it could have on healthy gut bacteria in people taking it every day. The approach would be recommended primarily to people at elevated risk of sexually transmitted infections during certain periods, said Dr. Jeffrey Klausner, an infectious diseases physician at the University of Southern California who was not involved in the new work. “The number of people who are really going to be offered this and take this is still very small,” he said. “In general, the more choices we have for people, the more prevention options we have, the better.”

Persons: Jeffrey Klausner, “, ” Organizations: University of Southern Locations: University of Southern California

☆ SoftBank's Arm soars in market debut to notch $60 bln valuation
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +3 min

Arm executives and CEO Rene Haas gather outside Nasdaq Market site, as Softbank's Arm, chip design firm, holds an initial public offering (IPO), in New York, U.S., September 14, 2023. REUTERS/Brendan McDermid Acquire Licensing RightsSept 14 (Reuters) - Shares in SoftBank's Arm Holdings ARM.O opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years. The stock opened at $56.10 per American Depositary Share compared with the initial public offering (IPO) price of $51, and steadily extended gains to just over $60. "The Arm IPO is the most hyped listing we've had in the markets for a while." Compiled by the Global Finance & Markets Breaking News teamOur Standards: The Thomson Reuters Trust Principles.

Persons: Rene Haas, Brendan McDermid, SALMAN MALIK, ANSON, ” OWEN LAU, JORDAN STUART, “, ” “, ’ ” DANIEL KLAUSNER, HOULIHAN, haven't, ”, ” KYLE RODDA, ANDREW Organizations: Nasdaq, REUTERS, Holdings ARM.O, OPPENHEIMER, FEDERATED HERMES, OF, PUBLIC, ROSENBLATT, Global Finance, Markets, Thomson Locations: New York, U.S, “

Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.

Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco

☆ The FBI seized $40,000 a couple held in a deposit box 2 years ago, but won't say why and won't return their cash
▼ + stars: | 2023-03-26 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

The FBI seized a couple's savings they held in a deposit box in a raid in March 2021. The couple were keeping $40,200 cash in their box and only found out about the raid on local news. "The FBI took my savings nearly two years ago but has never told me why," Linda Martin said in a press release. He added: "Then, the FBI sends copy-and-paste forfeiture notices that fail to tell owners anything about why it is trying to take their property. US Private Vaults shut down following the Beverly Hills raid and pleaded guilty to conspiracy to launder drug money.

☆ 3 big questions about the state of Goldman Sachs heading into its second-ever investor day
▼ + stars: | 2023-02-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

All eyes are on 200 West Street in lower Manhattan today, the global headquarters of Goldman Sachs and site of the bank's second-ever investor day. Goldman's first investor day, in 2020, included plenty of discussion about the importance of building out its consumer bank. Will new details emerge regarding the asset and wealth management division that show the business is heading in the right direction? Goldman's asset and wealth management division will likely get plenty of attention today. Speaking of David Solomon... Goldman's CEO appeared on a recent episode of the bank's podcast, "Exchanges at Goldman Sachs."

☆ Michael Klausner, the SPAC boom's chief naysayer, is trying to prevent another frenzy for good
▼ + stars: | 2023-02-27 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +6 min

Stanford Law professor Michael Klausner is suing a SPAC sponsor, claiming it misled investors. Michael Klausner, the Stanford Law professor who has become the chief critic of the SPAC boom, remembers the exact moment he realized SPACs were broken. It was 2017 – way before the investment vehicles took off in 2020 – and he was teaching a class on business transactions at Stanford Law School. In addition to getting all their money back with interest, they also get 20% of the final public company. Klausner was thrust into the role of being the SPAC boom's resident Cassandra, warning of calamity but never taken seriously.

A former New York weatherman who alleged in September that he was fired after someone sent nude webcam photos of him to his employer is speaking out against online “predators” following months of silence. After he learned the photos were taken, Adame asked Unit 4 Media for more information about the user who shared them. It is also unclear if the “pictures and videos” Adame refers to in his latest Instagram post are the same images referred to in the petition or additional images. Toward the end of his latest video, Adame shared a message with his followers. Adame told NBC News that he still hasn’t found work since his departure from NY1.

☆ A former Harvard chemist just raised $178 million for a biotech startup that plans to treat previously untreatable cancers
▼ + stars: | 2022-11-21 | by ( Andrew Dunn | ) www.businessinsider.com time to read: +6 min

The biotech FogPharma has raised $178 million in a Series D round. The longtime Harvard chemist Greg Verdine founded Fog to tackle "undruggable" cancers. Fog's drugs, known as polypeptides or short fragments of proteins, blur the line between small molecules and biologics, sharing characteristics of both types of medicines. Verdine calls it "the magic structure" for Fog's drugs. "I thought he'd be able to find things that bind, but I was very skeptical that he could turn them into drugs," Klausner told Insider.

☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
▼ + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.

☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
▼ + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.

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