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☆ Elon Musk drops suit against OpenAI and Sam Altman
▼ + stars: | 2024-06-11 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

In this photo illustration, the logo of 'OpenAI' is displayed on a mobile phone screen in front of a computer screen displaying the photographs of Elon Musk and Sam Altman in Ankara, Turkiye on March 14, 2024. Elon Musk on Tuesday withdrew his lawsuit against OpenAI and two of the company's co-founders, Sam Altman and Greg Brockman, in California state court. Musk's decision to file to dismiss the suit came just one day after he publicly criticized OpenAI and its new partnership with Apple. In February, Musk had filed a lawsuit against OpenAI, Altman and Brockman — the current CEO and president of OpenAI, respectively — for breach of contract and fiduciary duty. Last year, Musk debuted his own AI startup and OpenAI competitor, xAI, which last month announced a $6 billion Series B funding round.

Persons: Elon Musk, Sam Altman, OpenAI, Greg Brockman, Musk, Altman, Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, Andreessen Horowitz, X.AI, — CNBC's Lora Kolodny Organizations: Tuesday, Apple, CNBC, OpenAI, Microsoft, Elon, Sequoia Capital, Fidelity Management & Research Company, Musk Locations: Ankara, Turkiye, California, San Francisco

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.

Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, —, X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI

LOS ANGELES (AP) — The management team of Brian Wilson has petitioned to place him in a conservatorship because of his mental decline and the recent death of his wife, Melinda Ledbetter Wilson, who managed his daily life. The petition asks a judge to appoint two longtime Wilson representatives — publicist Jean Sievers and manager LeeAnn Hard — to be conservators overseeing his personal and medical decisions because “Mr. Wilson is unable to properly provide for his own personal needs for physical health, food, clothing, or shelter.”The two women “have had a close relationship with Mr. and Mrs. Wilson for many years, and Mr. Wilson trusts them,” according to the filing. Ledbetter — whose husband credited her with stabilizing his famously troubled life — had managed his daily needs before her death on Jan. 30, the petition says. The Wilson petition seeks only a conservatorship of his person, saying he does not need a conservator of the estate because his assets are in a trust, with Hard as a trustee.

Persons: Brian Wilson, Melinda Ledbetter Wilson, Wilson, Jean Sievers, LeeAnn, Mr, “, Ledbetter —, —, Gloria Ramos, Brian, “ Brian, Britney Spears, Ledbetter, Dr, Eugene Landy, Landy, mistreating Wilson, ” Wilson, “ Melinda Organizations: ANGELES, Beach Boys, Los Angeles Superior Court Locations: Los Angeles, California

Surgical castration “will always be pronounced” for those guilty of raping a child under the age of 10, according to the law's wording. Cases of rape against children between the ages of 10 and 13 will be punished by surgical or chemical castration. The younger the child, the greater the punishment,” Randriamanantenasoa said. Chemical castration is the use of drugs to block hormones and decrease sexual desire. Several countries and some U.S. states — including California and Florida — allow for chemical castration for some sex offenders.

Persons: Andry Rajoelina, Landy Mbolatiana Randriamanantenasoa, Randriamanantenasoa, “, ” Randriamanantenasoa, Jessica Lolonirina Nivoseheno, ” Organizations: —, Senate, Constitutional Court, Amnesty, AP Locations: ANTANANARIVO, Madagascar, California, Florida, africa

NEW YORK (AP) — Melinda Ledbetter Wilson, the longtime wife and manager of Brian Wilson whom the Beach Boys co-founder often credited for stabilizing his famously troubled life, has died at age 77. Wilson died Tuesday at the couple's home in Beverly Hills, California, Brian Wilson announced online. Brian Wilson's spokesperson Lauren Mele said Wednesday that she passed away “suddenly,” but no other details were available. We are lost,” Brian Wilson wrote on his web site. One day, in the mid-1980s, Brian Wilson turned up, looking to buy a car.

Persons: Melinda Ledbetter Wilson, Brian Wilson, Wilson, Brian Wilson's, Lauren Mele, “, ” Brian Wilson, “ Melinda, Melinda Wilson’s, Elizabeth Banks, Melinda Ledbetter, ”, Ledbetter, Melinda, Dr, Eugene Landy, Landy, Wilson ., Marilyn Rovell, Carnie, Wendy, Wilson Phillips, Melinda Wilson, can’t Organizations: Beach Boys, Washington Post Locations: Beverly Hills , California, Pueblo , Colorado, Whittier , California, Los Angeles

☆ Family of 85-year-old Florida woman, killed by an alligator while walking her dog, files wrongful death lawsuit
▼ + stars: | 2024-01-26 | by ( Brammhi Balarajan | Rebekah Riess | ) edition.cnn.com time to read: +4 min

CNN —The family of an 85-year-old woman who was killed by an alligator while walking her dog has filed a wrongful death lawsuit against the real estate company that owns and operates the southeast Florida subdivision where the attack happened. Gloria Serge was walking her dog in February 2023 along a pond in the Spanish Lakes Fairways development in Fort Pierce when a 10-foot alligator attempted to take her dog, CNN previously reported. She was knocked over and the reptile grabbed Serge by the foot and dragged her into the pond, ultimately killing her. The alligator was later caught and euthanized, according to the Florida Fish and Wildlife Conservation Commission. Wynne Building Corporation president Joel Wynne responded to the lawsuit saying, “We certainly understand the tragedy and the feelings of Mrs. Serge’s family.

Persons: Gloria Serge, Serge, Landy, Smith, “, Henry ’, Gary Lesser, Joshua D, Ferraro, PLLC, Gloria, ” Ferraro, Joel Wynne, Serge’s, ”, ” Wynne, Bill Serge Organizations: CNN, Florida Fish and Wildlife Conservation, Lesser, Florida Fish and Wildlife Conservation Commission, “, Building, WPTV Locations: Florida, Spanish, Fort Pierce

Unlike federal prosecutors – who kept their indictments carefully restricted to easily understood and more provable infractions, with few co-defendants – Willis went big. Under the agreement, Powell entered a guilty plea in six misdemeanor counts of conspiracy to intentionally interfere with the election in Georgia, a state that President Joe Biden won narrowly. And it's bad for Trump," O'Brien says. Trump once considered appointing Powell as a special counsel investigating election fraud in late 2020, after he lost the election. Her guilty plea, entered in a Fulton County courthouse Thursday, means Powell is formally acknowledging her role in attempting to subvert the election Trump lost.

Persons: Fani Willis, Donald Trump, –, – Willis, Rudy Giuliani, Scott McAfee, Willis, Sidney Powell, Trump, Scott Hall, Hall, Kevin O'Brien, Ford O'Brien Landy, O'Brien, Powell, Joe Biden, it's, Mai Ratakonda, Ratakonda, Giuliani, It's, Neal Katyal, Barack Obama Organizations: Fulton, Trump, United Democracy Center, of Locations: Fulton County, Coffee County, New York City, Georgia, of Georgia

The U.S. Securities and Exchange Commission (SEC) on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC accuses Binance and its CEO Changpeng Zhao of operating a "web of deception". The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. Reuters GraphicsFounded in 2012, Coinbase recently served more than 108 million customers and ended March with $130 billion of customer crypto assets and funds on its balance sheet. Tuesday's SEC lawsuit seeks civil fines, the recouping of ill-gotten gains and injunctive relief.

Persons: Binance, Changpeng Zhao, Kevin O'Brien, Ford O'Brien Landy, Coinbase, Nansen, Paul Grewal, Coinbase's, Ed Moya, bitcoin, Oanda's Moya, Dado Ruvic, Gary Gensler, Gensler, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Kevin Buckland, Leslie Adler, Christopher Cushing Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Global Inc, Exchange, REUTERS, Securities, Supreme, Beaxy Digital, Bittrex Global, CNBC, Blockchain Association, Reuters Graphics, U.S, Binance's U.S, Thomson Locations: Manhattan, Solana, Cardano, bitcoin, Binance, Binance.US, Binance's, Cayman Islands, New York, Washington, Tokyo

The U.S. Securities and Exchange Commission on Monday took aim at Binance, the world's largest cryptocurrency exchange. The SEC said Coinbase traded at least 13 crypto assets that are securities that should have been registered, including tokens such as Solana, Cardano and Polygon. More recently, it has taken aim at unregistered crypto broker dealer, exchange trading and clearing activity. Reuters GraphicsFounded in 2012, Coinbase recently served more than 108 million customers and ended March with $130 billion of customer crypto assets and funds on its balance sheet. Tuesday's SEC lawsuit seeks civil fines, the recouping of ill-gotten gains and injunctive relief.

Persons: Binance, Changpeng Zhao, Kevin O’Brien, Ford O’Brien Landy, Coinbase, Nansen, Paul Grewal, Coinbase's, Gary Gensler, Dado Ruvic, Gensler, Kristin Smith, Jonathan Stempel, Hannah Lang, Michelle Price, Lisa Shumaker, Leslie Adler Organizations: YORK, U.S . Securities, Exchange Commission, SEC, Global, Securities, Supreme, Exchange, REUTERS, Beaxy Digital, Bittrex Global, CNBC, Blockchain Association, Reuters Graphics, U.S, Thomson Locations: Manhattan, Solana, Cardano, U.S, Binance, New York, Washington

☆ New Hampshire Man Is Arrested After Threatening to Kill U.S. Senator
▼ + stars: | 2023-06-03 | by ( Jesus Jiménez | ) www.nytimes.com time to read: +1 min

A man from New Hampshire faces up to up to 10 years in prison after threatening to kill a United States senator because he was angry that the senator was “blocking military promotions,” according to federal court documents. The U.S. attorney’s office for the District of New Hampshire announced on Friday that Brian Landry, 66, of Franklin, N.H., had been charged with threatening to assault, kidnap or murder a United States official. Mr. Landry called a senator’s district field office on May 17 and left a threatening voice mail message, according to court documents. The senator who was threatened by Mr. Landry was not named in court documents, which only detailed that the senator has been in office since January 2021. You’re a dead man walking,” he said, adding some expletives.

Persons: Brian Landry, Landry, Mr, Landy, You’re, ” Organizations: United, District, New Hampshire Locations: New Hampshire, United States, U.S, Franklin, N.H

In the years that followed, male athletes treated their first sub-four-minute mile as a watershed moment – a rite of passage on the way to becoming a top middle-distance runner. “Back then, getting under that four-minute mile was a big thing, especially for milers,” he added. Edmund Hilary and Sherpa Tenzing Norgay had become the first people to summit the world’s highest peak the year before, and the first four-minute mile duly became running’s own Everest summit, expanding perceptions of human potential. Wes Santee, seen here competing in a three-mile cross-country race, came close to running a sub-four-minute mile during his career. “It still has some mystique,” Magness says about the status of the four-minute mile today.

☆ The criminal case against Sam Bankman-Fried and Caroline Ellison could put jilted FTX customers in the backseat
▼ + stars: | 2023-02-02 | by ( Sindhu Sundar | Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

The parallel criminal case against SBF, Caroline Ellison, and Gary Wang may be to blame. But they told a Delaware bankruptcy court recently that they hit a roadblock, accusing Sam Bankman-Fried and those close to him of not playing ball with them. The criminal case takes priorityEllison and Wang separately reached plea deals with federal prosecutors in Manhattan, copping to charges including wire fraud and conspiracy. But, experts told Insider, the deals require them to focus on working with prosecutors in the criminal case — even if it could be at the expense of other parties. But when both criminal and civil proceedings are ongoing, it's the criminal case that goes first in line, Snyder said.

☆ The house that helped secure Sam Bankman-Fried's $250 million bail package reportedly sits on land his parents leased from Stanford
▼ + stars: | 2023-01-31 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried's parents lease the land for their home from Stanford, the LA Times reports. They'd put up the $4 million home as collateral for the former FTX CEO's $250 million bail release. Bail terms are about flight-risk rather than if collateral can cover the full amount, legal experts said. The revelation once again prompts questions about how and why courts set bail terms, which are meant to ensure that a defendant doesn't flee while awaiting trial. Prosecutors are now also arguing that Bankman-Fried's bail restrictions must go further, and impose limits on whom he communicates with and how.

☆ Sam Bankman-Fried's not-guilty plea keeps his options open, says a former federal prosecutor who explains what the criminal case means for investors-turned creditors of FTX
▼ + stars: | 2023-01-08 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

The Commodity Futures Trading Commission's lawsuit had alleged that both Ellison and Wang knowingly deceived the public under Bankman-Fried's direction. O'Brien, a former assistant US Attorney for the Department of Justice, specializes in white-collar criminal defense and commercial and securities litigation. "When you get indicted, your first appearance in court, you don't know what the charges are. You're presented with a piece of paper, an indictment, but you don't know what the evidence is." But Bankman-Fried's plea doesn't have much to do with what the outcome will be for investors who lost funds on the exchange, O'Brien noted.

☆ Final farewell: From Sidney Poitier to Pope Emeritus Benedict a look back at the influential figures who died in 2022
▼ + stars: | 2023-01-01 | by ( Associated Press | ) www.nbcnews.com time to read: +55 min

Other world leaders who died in 2022 include former Soviet leader Mikhail Gorbachev, who died in August. The final days of 2022 saw the loss of some exceptionally notable figures, including Pope Emeritus Benedict XVI. Here is a roll call of some influential figures who died in 2022 (cause of death cited for younger people, if available):___JANUARY___Dan Reeves, 77. A Cuban-born artist whose radiant color palette and geometric paintings were overlooked for decades before the art world took notice. A prolific character actor best known for playing villains and tough guys in “The Manchurian Candidate,” “Ocean’s Eleven” and other films.

☆ Sam Bankman-Fried is set to testify before Congress on Tuesday. He could be grilled on his past statements — and expose himself to more legal risks.
▼ + stars: | 2022-12-12 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried plans to appear remotely before the House Financial Services Committee on Tuesday. The House Financial Services committee has its own investigative mandate, outlined by its role in inquiring into financial failures, and in helping to craft legislation to prevent similar episodes in the future. Participating could expose Bankman-Fried to more legal risksTestimony provided to House lawmakers would usually be under oath, thought not necessarily so. The House Financial Services committee, chaired by Democratic Representative Maxine Waters of California, comprises progressive political stars like Alexandria Ocasio-Cortez of New York and Rashida Tlaib of Michigan. The House Financial Services committee hearing is scheduled to kick off at 10 a.m. Eastern on Tuesday.

☆ Period underwear FAQS — answered
▼ + stars: | 2022-12-08 | by ( Kristen Rogers | ) edition.cnn.com time to read: +8 min

Period underwear has grown popular over the past few years for several reasons. Period underwear brands offer a variety of absorbencies since people have different flows. Does period underwear affect symptoms and period length? Some people on social media platforms and product reviews have reported a lighter flow or shorter period while wearing period underwear. “People should be able to access and use whatever type of period management tools that work best for them, including period underwear,” Brandi said.

☆ Political experts don't think the Trump Org's felony status is enough to kill Donald Trump's chances in 2024: 'At some point, the Republican party has to decide how much they're willing to overlook'
▼ + stars: | 2022-12-07 | by ( Lauren Frias | ) www.businessinsider.com time to read: +4 min

But experts don't think the conviction is enough to tamp down his chances in the 2024 election. "But at some point, the Republican party has to decide how much they're willing to overlook before they just cut him loose," Crouse said. "That's not really a logical analysis, that's more a poetic analysis, but I think it does have symbolic significance in that sense." "Even though [Trump] wasn't a defendant, it's at his feet, and it can be portrayed that way by his enemies both inside the Republican party and outside the Republican party," O'Brien added. "And I think that's going to weaken his candidacy" in 2024, especially as his hold on the GOP is challenged by a potential presidential hopeful: Florida Gov.

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