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☆ Silicon Valley CEO gets 8-year prison sentence in case over blood-testing company that gives off Elizabeth Holmes-Theranos vibes
▼ + stars: | 2023-10-19 | by ( Associated Press | Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

The CEO of medical testing company Arrayit was sentenced to 8 years in prison on Wednesday. Schena's case is similar to Elizabeth Holmes', who was sentenced to prison for defrauding investors in Theranos. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In meetings with investors, Schena claimed he was on the shortlist for the Nobel Prize and falsely represented that Arrayit could be valued at $4.5 billion, prosecutors said.

Persons: Arrayit, Elizabeth Holmes, —, Mark Schena, Schena, Holmes, State Henry Kissinger, George Shultz, Richard Kovacevich, William H, Foege, San Organizations: Service, US Department of Justice, Arrayit Corporation, Stanford University, SEC, State, Wells, Centers for Disease Control Locations: Theranos, Sunnyvale , California, San Jose , California, Texas

"He is the change that Argentina needs," said 28-year-old Milei voter Ayrton Ortiz at a recent rally in Buenos Aires province in support of the candidate. Those working with his campaign say it is his authenticity that has made him so successful, especially with two-fifths of the population in poverty and looking for a new voice. "You can like him or not, but he is himself," said Fernando Cerimedo, a political consultant who works on Milei's campaign. Many Milei voters say they are willing to take the risk. At the end of the month, you see how they count pennies and cry," said Milei voter Valentina Brites, 18.

Persons: Javier Milei, Agustin Marcarian, Juan Luis Gonzalez, Gonzalez, Milei, Donald Trump, Beppe Grillo, Ayrton Ortiz, Sergio Massa, Patricia Bullrich, MURRAY, MILTON, ROBERT AND LUCAS Milei, Karina, Conan, Murray, Milton, Robert, Lucas, Milton Friedman, Eduardo Eurnekian, Fernando Cerimedo, Fernando Morra, Valentina Brites, Javier, Anna, Catherine Brigida, Eliana Raszewksi, Lucinda Elliott, Adam Jourdan, Daniel Wallis Organizations: Argentine, La Libertad Avanza, REUTERS, American, Peronist, Forces, Libertad Avanza, Reuters, Thomson Locations: La Plata, Buenos Aires, Argentina, BUENOS AIRES, Argentine, Candelaria

☆ Man sentenced to prison for tweeting to suppress votes for Trump
▼ + stars: | 2023-10-19 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

A Trump-supporting social media influencer was sentenced to seven months in prison for conspiring to suppress the votes of possibly thousands of people who supported former Secretary of State Hillary Clinton in the 2016 presidential election. Douglass Mackey, who was 33 when he was convicted in March, was also ordered to pay a $15,000 fine. Mackey made podcast appearances and social media posts about those beliefs, prosecutors said. Prosecutors said that 99% of the texts received by that number were sent after Mackey first posted a deceptive Hillary advertisement from one of his social media accounts. Andrew Frisch, Mackey's attorney, told CNBC he remained "optimistic" about Mackey's prospects on appeal, which has not yet been taken up.

Persons: influencer, Hillary Clinton, Douglass Mackey, Mackey, Ricky Vaughn, Hillary, Andrew Frisch Organizations: States, Court, Eastern, of, Trump, Prosecutors, CNBC Locations: of New York, Brooklyn, United States

"You have to have a backbone to govern this country," Bullrich, the candidate for the Together for Change coalition, told Reuters at a recent press event. Bullrich is facing front-runner libertarian economist Javier Milei, who is promising more extreme policies, and economy minister Sergio Massa. She also cited the strong political machinery of the conservative coalition. Bullrich, replying to Reuters, said that the coalition - win or lose - would be a strong political force with around 10-11 governors and large presence in Congress. Another voter, 61-year-old retiree Patricia Amalia Rojas, said she backed Bullrich for her tough line on gangs and crime.

Persons: Patricia Bullrich, Bullrich, Javier Milei, Sergio Massa, Fernando de la Rua, Mauricio Macri, Cristian Ritondo, Maria Alejandra Ferreyra, Milei, Horacio Larreta, Ana Balcarce, Lomas de Zamora, Macri, Facundo Martinez Maino, Patricia Amalia Rojas, Eliana Raszewski, Adam Jourdan, Marguerita Choy Organizations: Peronist, Change, Reuters, Milei, Massa, Buenos Aires, University of Avellaneda, Lomas, Monetary Fund, Thomson Locations: BUENOS AIRES, Argentine, Argentina, Buenos Aires, Bullrich, Buenos

☆ Jamie Foxx plays attorney Willie Gary in new movie "The Burial." Ex-clients say the real lawyer is a creep who screwed them out of millions.
▼ + stars: | 2023-10-14 | by ( Jack Newsham | ) www.businessinsider.com time to read: +16 min

"The Burial" stars Jamie Foxx as real-life lawyer Willie Gary, who won a $500 million case in 1995. Elliott isn't the only ex-client of Willie Gary and his firm, Gary Williams Parenti Watson & Gary, to be angry about how she was treated. Lawyer Willie Gary poses for a selfie with a guest at a screening of "The Burial." Attorney Willie Gary and his client Don King speaking to the press in 2005. She has so far managed to seize $102,000 from an account the Gary firm had with Truist.

Persons: Jamie Foxx, Willie Gary, Gary —, —, Gary, Ernestine Elliott, Ford —, Elliott, Elliott isn't, Gary Williams Parenti Watson, Tommy Lee Jones, Luisa Esposito, Grant Halverson, Willie Gary's, Willie, couldn't, Jeremiah O'Keefe, O'Keefe, Loewen couldn't, Loewen, Gary Parenti, Don King, Jim McIsaac, Ford, schemed, he'd, Gary's cocounsels, Lawrence Fox, Fox, Bruce Green, Green, Gary didn't, Sharron Mangum, Mr, Mangum, Marietta Goodman, Coke, Jillian Nedd, Nedd, Ardria Clark, Tamesha Marshall, Pharr, Clark, Marshall, Ray Rogers, He's, leafleted, Rogers, Willie Lewis, Troy Fulks Jr, Fulks, Lewis, Esposito, she'd, didn't, Justice II, hasn't, Gary's, Debra Sweeting, it's, Sweeting, we're, Variety Organizations: Service, Disney, Nissan, Hollywood, reneging, Gary Parenti Facebook, Anheuser, Busch, Yorker, Group, New Yorker, Fordham, Cola, Coke, FBI, Gary, Florida Bar Association, Palm Beach Post, Florida Power, dimes, Finance Group, Wings, Justice, Boeing, Gary Foundation Locations: Georgia, Florida, Mississippi, New York City, New York, Palm Beach, Flint , Michigan, disbursements

☆ Argentina election 2023: what you need to know
▼ + stars: | 2023-10-13 | by ( Maximilian Heath | ) www.reuters.com time to read: +5 min

The election comes as Argentine voters have been hard-hit by 124% yearly inflation that has pummeled their purchasing power. Voting centers for the Oct. 22 election open at 8 a.m. local time (1100 GMT) and close at 6 p.m. Argentina's tight election races come at a time of uncertainty for the South American country facing its worst economic crisis in decades. PROJECTIONSFar-right libertarian Javier Milei is leading the polls ahead of Argentina's Oct. 22 presidential vote, but it remains a tight race between the top three candidates, three surveys showed. All three surveys had Economy Minister Sergio Massa in second place and conservative opposition candidate Patricia Bullrich in third.

Persons: Sergio Massa, Patricia Bullrich, Javier Milei, Alberto Fernandez, Dissident Peronist Juan Schiaretti, País, Myriam Bregman, Milei, Massa, Cristina Fernandez de Kirchner, Argentina's pollsters, Maximilian Heath, Rod Nickel Organizations: por la Patria, el Cambio, La Libertad Avanza, Argentine, WHO, Libertad, la Patria, el, Dissident Peronist, Frente de Izquierda, South, International Monetary Fund, Peronist, Thomson Locations: BUENOS AIRES, Argentina, Hacemos, South American

Six months later, his friend-turned-rival Notorious B.I.G, whose legal name is Christopher Wallace, was gunned down. They hung out together on the set of the 1993 film “Poetic Justice,” which starred Janet Jackson and Shakur. Shakur found out that the night of that attack, Wallace and Sean “Diddy” Combs were together in a recording studio. East vs. West coastsLess than 24 hours after the 1994 shooting, Shakur made a court appearance in a wheelchair on sex-assault charges against him. Greenidge, who described the rapper as a professional mentor, told the grand jury he was in the convoy.

Persons: Tupac Shakur, Shakur, B.I.G, Christopher Wallace, Wallace, Duane “ Keffe, ” Davis, Davis, enmeshed, ”, Justin Tinsley, Janet Jackson, Sean “ Diddy ” Combs, Combs, Malcolm Greenidge, Reggie Wright Jr, Marion “ Suge, Knight, disrespecting Combs, Tha, Snoop Dogg, Faith Evans, “ It’s, Wright, Robert Ladd, Ladd, “, Orlando Anderson, ” Denvonta Lee, Mike Tyson, Bruce Seldon, Anderson, Daniel Ford, Ford, Lee, Deandrae Smith, Smith, “ Keffe, ” Lee, Keffe, Biggie Shakur, Tinsley, ” “ Biggie, ” Tinsley, ‘, Tupac, Rio Yamat, Ken Ritter, Scott Sonner, Gabe Stern, Andrew Dalton, Ryan Pearson, Stefanie Dazio, Felicia Fonseca Organizations: ANGELES, New York City, The Associated Press, Los, Records, New, Boy Records, Row, Tha Dogg, West Coast, Side, South Side, Bloods, MGM, Anderson, BMW, Authorities, Cadillac, ” Police, Las Vegas, ___ Associated Press Locations: East, West, New York, Las Vegas, Compton, midtown Manhattan, East Harlem , New York, Los Angeles, Brooklyn, Harlem, New York City, York , New York, Vegas, Lakewood, South Los Angeles, Reno , Nevada, Flagstaff , Arizona

☆ Embracing a New Enforcement Ethos
▼ + stars: | 2023-10-12 | by ( Kelly Evans | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmbracing a New Enforcement EthosCredit and capital, fraud and financial crime – U.S. regulators face a myriad of enforcement hurdles in the year ahead. Former SEC Chairman Jay Clayton shares his thoughts on the current environment, the state of the markets, and what advisors should consider amid what he has called a "fundamental shift" in regulation.

Persons: Jay Clayton Organizations: Credit, SEC Locations: U.S

☆ Securities traders are gathering in Washington, trying to figure out what the SEC is doing
▼ + stars: | 2023-10-11 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. The big topic: trying to figure out what the Securities and Exchange Commission is doing. These wholesalers may send the orders to exchanges, but often match the orders against their own internal order flow. Gallagher will also likely weigh in on payment for order flow as well. "I'm doing everything backwards, I'm leaving a trade group and going into politics, but sometimes you gotta step up."

Persons: There's, Gary Gensler, Gensler, Schwab, ETrade, Hester Peirce, Jonathan Kellner, Peirce, Hope Jarkowski, Rostin Behnam, Dan Gallagher, Matt Andresen, Gallagher, Jim, George Santos, Santos Organizations: U.S . Securities, Exchange, SEC, Securities, Securities and Exchange, Security Traders Association, Security Traders Association of New, Marriott Marquis, Intelligence, Citadel, Republican, MEMX, Democratic, NYSE, CFTC, Corporate, Headlands Technology, Congress Locations: Washington, Security Traders Association of New York, U.S, Long

☆ Israel-Hamas conflict will last weeks at a minimum, says former Defense Sec. Mark Esper
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas conflict will last weeks at a minimum, says former Defense Sec. Mark EsperMark Esper, former Secretary of Defense, joins 'Squawk on the Street' to discuss the timeframe for events in the Israel-Hamas conflict, what to do with the energy sector after recent geopolitical events, and how involved the United States should be.

Persons: Mark Esper Mark Esper Organizations: Israel, Defense Locations: Israel, United States

☆ Iran intelligence: Initial US intel suggests Tehran was surprised by the Hamas attack on Israel
▼ + stars: | 2023-10-11 | by ( Zachary Cohen Katie Bo Lillis Natasha Bertrand Jeremy Herb | Zachary Cohen | Katie Bo Lillis | ) edition.cnn.com time to read: +3 min

CNN —The United States has collected specific intelligence that suggests senior Iranian government officials were caught by surprise by Saturday’s bloody attack on Israel by Hamas, according to multiple sources familiar with the intelligence. The existence of the intelligence has cast doubt on the idea that Iran was directly involved in the planning, resourcing or approving of the operation, sources said. The sources stressed that the US intelligence community is not ready to reach a full conclusion about whether Tehran was directly involved in the run-up to the attack. They continue to look for evidence of Iranian involvement, which caught both Israel and the United States by surprise. “We’re looking to acquire further intelligence,” national security advisor Jake Sullivan told reporters at the White House on Tuesday.

Persons: Mike McCaul, “, Tehran doesn’t, Jake Sullivan, ” Organizations: CNN, Capitol, Foreign, Texas Republican, Hamas, White Locations: United States, Israel, Iran, Tehran, Texas, Gaza

“We have no evidence or proof” that Iran was behind the attack, Maj. Nir Dinar, a spokesperson for the Israel Defense Forces, told Politico on Monday. More recently, Tehran has stepped up the training assistance it provides Hamas inside Iran, according to a former Western defense official. Hamas received Iranian weapons and military technology, and learned from the Iranians about planning operations. “Everything we have seen in the last four days, we can’t say it’s an Iranian plan or an Iranian effort,” Milshtein said. “It’s a Hamas plan that got Iranian help.”Searching for a motivationUS intelligence officials are also working to understand Hamas’ immediate motivation for launching the attack.

Persons: Jake Sullivan, “, ” Sullivan, Privately, Sullivan, ”, “ We’ve, we’ve, Biden, Tehran doesn’t, –, Ismail Haniyeh, Frank McKenzie, Mahmud Hams, Zohar Palti, Nir, it’s, Israel —, Norm Roule, ” Roule, Amir Cohen, Mike Knights, Michael Milshtein, “ They’ve, Milshtein, ” Milshtein, ’, “ It’s, McKenzie, ” McKenzie Organizations: Washington CNN, Hamas, Biden, White, CNN, intel, State Department, US Central Command, Getty, Israel’s Ministry of Defense, Israel Defense Forces, Israel, CIA, Reuters, Washington Institute, ” Knights, Department, Palestinian Affairs, Knights, Hezbollah, Palestinian Authority, Gaza Locations: Iran, Israel, Tehran, Gaza, Gaza City, AFP, Saudi, Saudi Arabia, Ashkelon, “, Yemen, Jihad, Lebanon

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. The agency on Thursday asked a federal court to force Musk to testify for its investigation into his $44 billion takeover of social media giant Twitter, the third time the SEC has taken Musk to court. "This case is different from past forays between the SEC and Elon Musk because it's a subpoena enforcement case. Musk also refused SEC proposals to testify in Texas, where he lives, in October or November, the SEC said. In 2022, a judge ordered Terraform Labs' founder to comply with an SEC subpoena for documents.

Persons: Elon Musk, Patrick Pleul, Musk, Musk's, Stephen Crimmins, Davis Wright Tremaine, Alex Spiro, Howard Fischer, Moses, Moses & Singer, Jay, Spiro, Tesla, Robert Frenchman, Mukasey Frenchman, Chris Prentice, Michelle Price, Lisa Shumaker Organizations: WASHINGTON, U.S . Securities, Exchange Commission, SEC, Twitter, Elon, Moses &, Terraform Labs, Reuters, Thomson Locations: Gruenheide, Germany, videoconference, San Francisco, Texas

☆ Russia is probing an alleged plot to kill Putin after getting a tip about a conversation in a karaoke bar, report says
▼ + stars: | 2023-10-06 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +3 min

Russia is looking for a man who said he was ordered to kill Putin, per Telegram channel VChK-OGPU. Mikhail Yurchenko reportedly told authorities that a man in a karaoke bar told him about the assignment. AdvertisementAdvertisementRussian authorities are probing an alleged plot to kill President Vladimir Putin after getting a tip about a conversation in a karaoke bar, a new report said. But he worried for days and decided to report what had happened, the Telegram report said. The bar is popular with employees of various Russian agencies, according to the Telegram report.

Persons: Putin, Mikhail Yurchenko, —, Vladimir Putin, Yurchenko, Honey Organizations: Service, Russia's Ministry, Internal Affairs Locations: Russia, Ukraine, Chekhov, Moscow

But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. According to the filing, Musk has given the SEC documents relating to the probe and has previously provided testimony in July last year via video conference. "The SEC has already taken Mr. Musk's testimony multiple times in this misguided investigation - enough is enough," said a statement from Alex Spiro, an attorney for Musk. Musk acquired Twitter after initially building a large minority stake in the social media platform, which he first disclosed in April 2022. Faced with a trial that sought to compel him to complete the deal, Musk closed his acquisition of Twitter in late October 2022.

Persons: Elon Musk, Porte, Gonzalo Fuentes, Musk, ”, Alex Spiro, Twitter, ” Musk, Howard Fischer, Moses, Moses & Singer, Tesla, Shivansh, Tom Hals, Chris Prentice, Michelle Price, Sheila Dang, Megan Davies, Shinjini Ganguli, Lisa Shumaker Organizations: SpaceX, Tesla, Viva Technology, Porte de, REUTERS, U.S . Securities, Exchange Commission, SEC, Twitter, San, Musk, Moses &, Reuters, Justice Department, Thomson Locations: Paris, France, San Francisco, Texas, New York, Bengaluru, Wilmington , Delaware, Washington, Austin

☆ Former Trump cabinet member Wilbur Ross lays out which industries remain dependent on China and which trade partners could fill in the gap
▼ + stars: | 2023-10-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Wilbur Ross said pharmaceuticals and industries reliant on rare minerals are still dependent on China. Countries like India, Vietnam, and Mexico will grow to become bigger trade partners, he predicted. Still, there are several industries reliant on China, Ross said. AdvertisementAdvertisementAs the US and China continue their diplomatic standoff, he believes trade partners like Vietnam and Mexico will grow in importance. The U.S. exported $195.5 billion worth of goods to China in 2022, while bringing in more than $560 billion worth of Chinese goods, according to the U.S. Trade Representative.

Persons: Wilbur Ross, —, Commerce Wilbur Ross doesn't, Joe Biden's, Lockheed Martin, Ross, Donald Trump, Ross doesn't, there's Organizations: Commerce, Service, Lockheed, Micron, Intel, Greenwich Economic, Trump, U.S . Trade Representative Locations: China, India, Vietnam, Mexico, Greenwich, U.S

☆ Sam Bankman-Fried is his own worst enemy, says former SEC official John Reed Stark
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSam Bankman-Fried is his own worst enemy, says former SEC official John Reed StarkJohn Reed Stark, Duke senior lecturing fellow and former chief of SEC Office of Internet Enforcement, joins 'Squawk Box' to discuss the high-profile trial of former FTX CEO Sam Bankman-Fried, how Bankman-Fried's defense could play out, the possible legal peril facing Bankman-Fried's parents, and more.

Persons: Sam Bankman, Fried, John Reed Stark John Reed Stark, Duke Organizations: SEC, Internet Enforcement

☆ Fmr. SEC chair Jay Clayon: The SBF trial demonstrates how important our regulatory environment is
▼ + stars: | 2023-10-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. SEC chair Jay Clayon: The SBF trial demonstrates how important our regulatory environment isFormer SEC chair Jay Clayton joins 'Squawk Box' to preview the trial of FTX founder and former CEO Sam Bankman-Fried, who faces multiple charges of fraud and money laundering, how prosecutors and the defense will lay out their respective cases, what it means for cryptocurrency industry, and more.

Persons: Jay Clayon, Jay Clayton, Sam Bankman Organizations: SEC

☆ John Kelly goes on the record to confirm several disturbing stories about Trump
▼ + stars: | 2023-10-02 | by ( Jake Tapper | ) edition.cnn.com time to read: +8 min

CNN —John Kelly, the longest-serving White House chief of staff for Donald Trump, offered his harshest criticism yet of the former president in an exclusive statement to CNN. Kelly set the record straight with on-the-record confirmation of a number of damning stories about statements Trump made behind closed doors attacking US service members and veterans, listing a number of objectionable comments Kelly witnessed Trump make firsthand. “A person that has no idea what America stands for and has no idea what America is all about. Then-candidate Trump of course said in front of a crowd in 2015 that former Vietnam POW Sen. John McCain, an Arizona Republican, was “not a war hero. Milley, in a call authorized by Trump administration officials, reassured his Chinese counterparts that such a strike was not going to happen.

Persons: John Kelly, Donald Trump, Kelly, Trump, ” Kelly, “, ’, autocrats, ”, Jeffrey Goldberg, Vietnam POW Sen, John McCain, weren’t, Goldberg, McCain, George H, Bush, Mark Milley, Belleau Wood, Susan Glasser, Peter Baker, ” Trump, Luis Avila, Bob Woodward, Robert Costa, Milley, Norah O’Donnell, Cassidy Hutchinson, Hutchinson, Alyssa Farah Griffin, Griffin, there’s, Mattis, Mark Esper, Bill Barr Organizations: CNN, White House, Trump, Gold Star, Arlington National Cemetery, Vietnam POW, Arizona Republican, Navy, ” CNN, Chiefs, Marines, House, Joint Chiefs, Trump White House, CBS Locations: France, Afghanistan, Iraq, Arizona, Aisne, Paris, Arlington, The, Gen

This was not a WWE wrestling show, but the 2023 presidential race in Argentina where political outsider Javier Milei is the leading candidate. Argentine presidential candidate Javier Milei for La Libertad Avanza coalition gestures next to Carolina Piparo, candidate for Governor of the Province of Buenos Aires, during a campaign rally in La Plata, Buenos Aires on September 12. Milei is presenting himself as the candidate of renewal – an offer that clearly struck a chord with people in the primary vote. “I’ll vote for Milei because I think he’ll change things,” says Eduardo Murchio, a taxi driver in Argentina’s capital Buenos Aires. A worker receives Argentine peso banknotes in a shop in Buenos Aires on Sept. 26, 2023.

Persons: “, Javier Milei, –, ”, Donald Trump, Jair Bolsonaro, Carolina Piparo, Agustin Marcarian, Trump, Milei, Milei’s, Eduardo Murchio, “ I’m, it’s, Erica Canepa, Milton Friedman –, Javier Marcus, Marcus, dollarizing, Bolsonaro, Teresa Fria, Pope Francis, Pope, Satan ”, “ Pope Francis, Emiliano Lasalvia, Patricia Bullrich, Sergio Massa, Massa, Cristina Fernandez de Kirchner, Bullrich, Anita Pouchard Serra, Claudio Jacquelin, Facundo Nejamkis Organizations: CNN, WWE, Argentine, La Libertad, National Institute of Statistics, Reuters, Bloomberg, Getty, Rosario National University, Trump, Catholic, CIA, Milei, Unity, Homeland, La, Español Locations: Argentina, Mar del Plata, Argentine, Carolina, Province of Buenos Aires, La Plata, Buenos Aires, Latin America, Ecuador, El Salvador, Panama, AFP, Argentina's

☆ It's going to be hard to talk Biden out of running for president because the people who said that last time were totally wrong
▼ + stars: | 2023-09-30 | by ( Walt Hickey | ) www.businessinsider.com time to read: +7 min

The last time people told Biden not to run, they were catastrophically wrong and he'll not forget that. And I plan on staying deeply involved," Biden told a Connecticut NBC affiliate in January of 2016. AdvertisementAdvertisementAfter the 2016 election went the way Biden had feared, he didn't hesitate to make his case. In 2016, Biden thought he could win. Biden won back enough white, working-class voters to shore up the breached "Blue Wall" by enough of a margin to deliver him the presidency.

Persons: Biden, —, Joe Biden, Donald Trump, Obama, State Hillary Clinton, Lee Myung, bak, Yuri Gripas, Hillary Clinton, dogging Clinton, Barack Obama, Beau, Clinton, Jewel Samad, Getty Images Biden, Biden gamely, monomaniacally, Jake Tapper, Biden didn't, Evan Vucci Organizations: Service, Democratic Party, Trump, U.S, State, State Department, REUTERS, NBC, Getty Images, Clinton's, Connecticut NBC, University of Pennsylvania, Biden, Democratic, Independents, Clinton Locations: Washington, Pennsylvania , Ohio, Michigan, Connecticut, South Carolina

☆ Bill Ackman’s 'SPARC' gets OK from the SEC and he’s ready for a deal: 'please call me'
▼ + stars: | 2023-09-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Bill Ackman said Friday that U.S. regulators have approved his unique special purpose acquisition company structure, and he's ready to hunt for a deal. Investors in Ackman's unfruitful SPAC, known as Pershing Square Tontine Holdings, got a tradable right to participate in a future deal, and now it's closer to becoming a reality. In Ackman's SPARC, investors get to opt in if they like the deal and walk away if they don't. The SPARC will shortly be distributing special purpose acquisition rights at no cost to former securityholders of Pershing Square Tontine. Pershing Square said the SPARC will immediately begin to pursue a merger with private, high-quality, growth companies.

Persons: Bill Ackman, Ackman's unfruitful, Ackman Organizations: Ackman's, Pershing, Tontine Holdings, Securities, Exchange Commission, Pershing Square, SPARC, Ackman's Pershing

The Treasury Department subsequently kicked off a rule-making process to implement the order, and financial firms have been rushing to meet a Sept. 28 to provide input. "It could apply to companies that are outside of China but are subsidiaries of Chinese companies or controlled by a Chinese person." While the U.S. already has restrictions on some Chinese investments in the U.S. and U.S. investments in China, the order creates a new program. The program proposes exempting publicly traded securities and index and mutual funds, but financial firms want those securities to be more tightly defined. Financial firms say they support the administration's national security goals but worry about increased liability and the economic costs of restricting capital flows.

Persons: Florence Lo, Joe Biden, Timothy Keeler, Mayer Brown, Jen Fernandez, Sidley Austin, Jay Clayton, Sullivan, Cromwell, Keeler, Peter Matheson, Fernandez, Pete Schroeder, Carol Mandl, Michelle Price, Deepa Babington Organizations: REUTERS, WASHINGTON, Treasury Department, Foreign Investment, Treasury, Former Securities and Exchange, DE, Financial, U.S, Securities Industry, Financial Markets Association, Thomson Locations: China, U.S, United States

☆ Boards Still Lack Cybersecurity Expertise
▼ + stars: | 2023-09-25 | by ( James Rundle | ) www.wsj.com time to read: +4 min

Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. This includes people who sit on the boards of cyber companies or have an affiliation with a cybersecurity-related professional organization. Heath, a former security chief at United Airlines and tech provider DocuSign, sits on the boards of cyber companies Wiz and Gen Digital. Board work demands wide business experience that many security chiefs lack, said Myrna Soto, founder and chief executive of consulting firm Apogee Executive Advisors. Solving this problem will take effort from boards and cybersecurity professionals, said NightDragon’s DeWalt.

Persons: ”, Dave DeWalt, Emily Heath, Heath, “, Myrna Soto, Patrick T, Soto, NightDragon’s DeWalt, James Rundle Organizations: Delta Air Lines, United Airlines, Gen Digital, Wall Street, U.S . Securities, Exchange, Apogee, Fallon, Bloomberg, Directors, Spirit Airlines, Popular, TriNet Locations: U.S, NightDragon, cybersecurity, Heath

☆ Trump and GOP Rep. Gosar suggest Joint Chiefs boss Mark Milley deserves death
▼ + stars: | 2023-09-25 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

WASHINGTON — Former President Donald Trump and Republican Rep. Paul Gosar of Arizona suggested that outgoing Chairman of the Joint Chiefs of Staff Mark Milley is a traitor who deserves to be executed. Milley in September 2021 told Congress he had made it clear to Chinese officials that Trump was not planning to attack China in his final weeks as president. "My task at that time was to de-escalate," Milley told the Senate Armed Services Committee. "In a better society, quislings like the strange sodomy-promoting General Milley would be hung," Gosar wrote. Gosar also called Milley, a four-star general with more than four decades of military service, a "traitor."

Persons: Mark Milley, WASHINGTON —, Donald Trump, Paul Gosar, Staff Mark Milley, Trump, Milley, Nancy Pelosi, Trump's, Gosar, Defense James Mattis, Belleau Organizations: Ukraine, U.S, Ramstein Air Base, WASHINGTON, Republican Rep, Joint Chiefs, Staff, Army, Senate Armed Services Committee, National Guard, Capitol, CNBC, Defense, Marines, Marine Corps Locations: Germany, Arizona, China, United States, American, Paris, U.S, Aisne, Belleau Wood, France

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