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☆ Behold, the Orb: I can't stop thinking about Sam Altman's dystopian eyeball-scanning device
▼ + stars: | 2023-07-25 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

The orbs, shiny sculptural spheres that scan the eyeballs of new members, seem to have become the company's dystopian symbol. But Worldcoin's Orbs look more like inscrutable machines than something mythological. Worldcoin has said it has emphasized privacy in designing a system based on extracting eyeball scans. And the eyeball scans get erased, according to Worldcoin. Worldcoin has said that "World IDs" don't contain any eyeball scans or iris data.

Persons: Sam Altman's, Worldcoin, Sam Altman trumpeted, Alex Blania, Donald Trump, Tim Sweeney, It's Organizations: Twitter, Epic, pitchfork, MIT Technology Locations: Lisbon, Singapore, Sands, Miami, Tokyo

☆ FTX planned to purchase the Pacific island nation of Nauru to build an apocalypse bunker, lawsuit says
▼ + stars: | 2023-07-21 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

FTX is suing Sam Bankman-Fried and other former bosses for $1 billion. SBF's brother discussed turning the island country of Nauru into an apocalypse bunker, the suit says. FTX wanted to purchase the Pacific island nation of Nauru to build a bunker in case of an apocalyptic event, according to a new lawsuit. The complaint says that the FTX founder's brother, Gabriel Bankman-Fried, discussed with an officer for the FTX Foundation a scheme to purchase the country of Nauru. A spokesperson for Sam Bankman-Fried did not immediately return Insider's request for comment.

Persons: FTX, Sam Bankman, John J, Ray III —, Gabriel Bankman, Gabe Bankman, Fried Organizations: FTX, EA, FTX Foundation, Twitter Locations: Nauru, It's, Australia

☆ 'The Dropout' star Amanda Seyfried says she had the same cringeworthy dance skills as Elizabeth Holmes in high school
▼ + stars: | 2023-07-11 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Amanda Seyfried says she had the same awkward dancing skills as Elizabeth Holmes in high school. The actor told The WSJ she took inspiration from her school dance routines for one sequence. Seyfried won an Emmy for her portrayal of Holmes in "The Dropout." Amanda Seyfried and Elizabeth Holmes shared a key trait while attending high school: terrible dancing. "Elizabeth Holmes was also on the dance team in high school," Seyfried said.

Persons: Amanda Seyfried, Elizabeth Holmes, Seyfried, Holmes Organizations: Wall Street, Entertainment Locations: Bryan , Texas

☆ Elon Musk is doubling down on fitness and getting serious about his Zuckerberg cage fight: 'I need a lot more training'
▼ + stars: | 2023-07-04 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

It appears that Elon Musk is taking the idea of a cage fight with Mark Zuckerberg pretty seriously. Musk had a training session with wrestler Georges St-Pierre and martial artist John Danaher. The obvious conclusion is that I need a *lot* more training," Musk said in a tweet. The obvious conclusion is that I need a *lot* more training," Musk tweeted about the session. Besides training with St-Pierre and Danaher, Musk has also done a separate "impromptu training session" with Fridman, per the podcaster's tweet dated June 27.

Persons: Elon Musk, Mark Zuckerberg, Musk, Georges St, Pierre, John Danaher, Lex Fridman, Danaher, Zuckerberg Organizations: UFC, Twitter Locations: Canadian

☆ The billionaires' beef at Two Sigma seems pretty petty
▼ + stars: | 2023-06-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

ICYMI: This is the last week of 10 Things on Wall Street. Insider's Rebecca Ungarino has more details on how long the beef between Overdeck and Siegel has been brewing behind the scenes. What stands out to me about the drama at Two Sigma is how it all seems to be so petty. The Two Sigma cofounder was included only as an example of the type of managers Haider had eclipsed. The asset manager tapped two internal executives to serve as co-CEOs of the firm, succeeding CEO Jay Wintrob, The Wall Street Journal reports.

Persons: Dan DeFrancesco, I'm, Billy Joel's, —, we've, Goldman, Cofounders David Siegel, John Overdeck, David Siegel, cofounders, Insider's Rebecca Ungarino, Siegel, Rebecca, Haidar Capital's Said Haidar, Haider, Penny, Warren Buffett, Charlie Munger, Scott Olson, Ruobing Su, Michael Broadbery, Goldman Sachs, Maza, Andreessen Horowitz, Seth Klarman, Jay Wintrob, Robert O'Leary, Armen Panossian, Everybody's, they're, Joey Hadden, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Baupost, Oaktree Capital, Street, Wall, LinkedIn Locations: Omaha, New York, London

☆ Norwest Venture Partners just hired ex-Salesforce sales guru David Rudnitsky. Here's why VC firms are now expanding their platform teams.
▼ + stars: | 2023-06-28 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Norwest has hired ex-Salesforce sales guru David Rudnitsky to be its third operating executive. The hire is part of the firm's recent expansion of its portfolio services team for its founders. Here's why more VC firms may be doubling down on these roles during the market downturn. "We try to be an invited guest in the companies," he said of his work with his first four Norwest portfolio companies. For Norwest, its portfolio services team was launched 13 years ago by partner Katie Belding, who has been at the firm for over two decades.

Persons: Norwest, David Rudnitsky, Rudnitsky, he's, Marc Benioff, I've, It's, Andreessen Horowitz, Kleiner Perkins, Katie Belding, Belding, Lisa Ames, Renée Cohen Organizations: Norwest Venture Partners, Oracle, Netscape, Salesforce

☆ Beauty and tech company Oddity, which runs Il Makiage, files to go public
▼ + stars: | 2023-06-23 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Beauty and tech company Oddity, which runs the Il Makiage and Spoiled Child brands, filed to go public Friday as the once-frozen IPO market warms up. In the three months that ended March 31, the company saw $165.65 million in revenue, up from $90.41 million in the year-ago period. In fiscal 2022, Oddity brought in $324.52 million in sales and saw a net income of $21.73 million, or $5.94 a share. In 2020, it saw $110.64 million in sales and a net income of $11.71 million, or $3.45 a share. E.L.F., a multibrand beauty company, saw $144.94 million in sales in fiscal 2014 and a net loss of $2.88 million.

Persons: didn't, Oran Holtzman, Shiran Holtzman, Lindsay Drucker Mann, Goldman Sachs, Child's, Holtzman Organizations: Nasdaq, Goldman, CNBC, Israeli Defense Forces, Technologists Locations: Israel, U.S, Canada, Europe, Australia

The resignations of GV Ravishankar of Peak XV Partners, earlier Sequoia Capital India, Russell Dreisenstock of Prosus, and Chan Zuckerberg Initiative's Vivian Wu mean Byju's board now only comprises the founder's family. In a statement to Reuters on Friday, Byju's said it is in discussions with investors about reshaping the board, including the addition of independent directors. A "few" investors had to vacate their board seats as their shareholding dropped below the required minimum threshold, necessitating a board reshuffle, it said. The confirmation of the resignations comes after Reuters and other media outlets reported on Thursday that three Byju's board members had quit recently. On Friday, sources told Reuters that the edtech was asking its three global investors to reconsider their decision to quit its board.

Persons: Russell Dreisenstock, Chan Zuckerberg, Vivian Wu, Byju's, Akriti Sharma, Shivani Tanna, Shounak Dasgupta, Anil D'Silva Organizations: GV, XV Partners, Sequoia Capital, Blackrock, Reuters, Deloitte, Thomson Locations: Sequoia, Sequoia Capital India, Bengaluru

☆ Warren Buffett just donated about $5 billion of Berkshire Hathaway shares - and has now given up 54% of his stockpile
▼ + stars: | 2023-06-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Buffett would likely be worth an unmatched $250 billion if he hadn't donated any shares. Tally up the shares he's given away over the past 17 years, and they would be worth an astounding $132 billion today. He gave about 10.5 million of those shares to the Bill & Melinda Gates Foundation, just over 1 million shares to the Susan Thompson Buffett Foundation, and about 732,000 shares to each of the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation. The Susan Thompson Buffett Foundation is named after Buffett's late wife, while Buffett's three children each run one of the other three foundations. Buffett has given away 54% of his Berkshire shares so far, and has pledged that over 99% of his personal wealth will go toward good causes.

Persons: Warren Buffett, Buffett, hadn't, —, Tally, Melinda Gates, Susan Thompson Buffett, Howard G, Bill Gates, Buffett's, He's, hasn't, Elon Musk, he's Organizations: Berkshire Hathaway, Service, Berkshire, Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Buffett Foundation, Novo Foundation, Microsoft, SpaceX, Bloomberg Locations: Berkshire

☆ Exclusive: How this under-the-radar VC landed a $27 million third fund and bets in some of the buzziest startups like Jasper and Motherduck
▼ + stars: | 2023-06-21 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

Essence VC has raised its third fund of $27 million from LPs like Cendana and Sapphire Ventures. The fund has bet on buzzy startups like generative AI darling Jasper and a16z-backed Motherduck. And now, his firm Essence VC has just raised its $27 million third fund. The latest fund, backed by VC firms and funds of funds including Cendana Capital, Vintage Investment Partners, Sapphire Ventures, Level Ventures, and Crossover, follows a $7 million and $1 million fund. However, the "first-mover advantage" for startups also holds true in the land of VC, Chen says.

Persons: Jasper, Tim Chen, you've, Liz O'Sullivan, Vera, Chen, Scott Shi, —, Chi Zhang, Tim, Zhang, funder Chen, Christos Kozyrakis, Michael Huang, They're, it's, Ben Van Roo, Van Roo, Chen wasn't Organizations: Sapphire Ventures, Cendana, Vintage Investment Partners, Level Ventures, Founders, Stanford, Cloudera, Google Locations: a16z

☆ China's Xi meets Bill Gates, calls him 'an old friend'
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +4 min

In a post on his personal blog, Gates said he and Xi had discussed global health and development challenges such as health inequity and climate change. Gates stepped down from Microsoft's board in 2020 to focus on philanthropy in the fields of global health, education and climate change. In early 2020, Xi wrote to Gates thanking him and the Bill & Melinda Gates Foundation for pledging assistance to China, including $5 million for its fight against COVID-19. Apart from meeting Xi, Gates gave a speech at the Global Health Drug Discovery Institute about the need to use technology to solve global health challenges during his visit. The Bill & Melinda Gates Foundation and the Beijing municipal government, which founded the institute with Tsinghua University, also pledged to each provide $50 million to bolster the institute's drug discovery capacity.

Persons: Xi's, Gates, Xi, Xi Jinping, Bill Gates, We've, Melinda Gates, Antony Blinken, Blinken, Qin Gang, Qin, Hong Kong Newsrooms, Brenda Goh, Christopher Cushing, Edwina Gibbs, Philippa Fletcher Organizations: Microsoft, Melinda Gates Foundation, COVID, U.S, Daily, Global Health Drug Discovery Institute, Tsinghua University, Thomson Locations: China, BEIJING, United States, Xi's, American, U.S, Beijing, Hainan province, Hong Kong

☆ China's Xi tells Bill Gates he hopes US-China friendship will continue
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +4 min

I place my hopes on the American people," a video published by state broadcaster CCTV showed Xi as saying." The last reported meeting between Xi and Gates was in 2015, when they met on the sidelines of the Boao forum in Hainan province. In early 2020, Xi wrote a letter to Gates thanking him and the Bill & Melinda Gates Foundation for pledging assistance to China, including $5 million for the country's fight against COVID-19. Apart from meeting Xi, Gates has given a speech at the Global Health Drug Discovery Institute about the need to use technology to solve global health challenges during his visit. The Bill & Melinda Gates Foundation and Beijing municipal government, which founded the institute with Tsinghua University, also pledged to each provide $50 million to bolster the institute's drug discovery capacity.

Persons: Xi's, Gates, Xi Jinping, Bill Gates, Xi, We've, couldn't, Melinda Gates, Antony Blinken, Blinken, Qin Gang, Qin, Christopher Cushing, Edwina Gibbs, Philippa Fletcher Organizations: Microsoft, Reuters, Melinda Gates Foundation, COVID, U.S, Daily, Global Health Drug Discovery Institute, Tsinghua University, Beijing, Thomson Locations: China, BEIJING, United States, American, Beijing, Hainan province, U.S

☆ U.S. withdraws new charges in Sam Bankman-Fried case, punts them to 2024
▼ + stars: | 2023-06-15 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Federal prosecutors asked a judge on Thursday to remove five charges against alleged crypto fraudster Sam Bankman-Fried, including bribery of a foreign government official, after a Bahamas court ruling cast doubt on whether the U.S. government had followed the correct procedure for bringing the charges against the former billionaire. Bankman-Fried's legal team had previously argued before both U.S. and Bahamanian judges that the charges were not part of the FTX founder's original indictment under which he had been extradited from the Bahamas months earlier. A Bahamian judge said they would review Bankman-Fried's arguments earlier this week, prompting the request from federal prosecutors. The severance means that Bankman-Fried's legal team will likely now have to gird for two legal fights: one to try the original eight-count indictment later this year, and another in 2024, for the five counts that federal prosecutors have asked to sever. Bankman-Fried has entered a plea of not guilty and is expected to be tried later this year.

Persons: Sam Bankman, Damian Williams, Bankman, Fried Organizations: U.S ., U.S Locations: Bahamas, U.S

June 8 (Reuters) - GameStop (GME.N) sank nearly 20% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business. The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen's appointment as the executive chairman of a company that he turned into a favorite of meme-stock traders with promises of a digital pivot. Over the last 5 years, GameStop has had 5 CEOs and 3 CFOs." The company's shares have dropped nearly 80% from the $120.75 peak they hit during that meme-stock saga of 2021. "The lack of a clear direction and the callous termination of Furlong all but ensures Cohen will have difficulty attracting a qualified replacement."

Persons: Matt Furlong, Ryan Cohen's, Andrew Uerkwitz, Jefferies, Michael Pachter, Furlong, Cohen, Akash Sriram, Devika Organizations: GameStop, Wedbush Securities, Thomson Locations: Bengaluru

☆ Amanda Seyfried, who played Elizabeth Holmes in 'The Dropout,' says the Theranos founder's 11-year prison sentence is 'fair,' but she sympathizes for Holmes' kids
▼ + stars: | 2023-05-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Amanda Seyfried, who played Elizabeth Holmes in "The Dropout," says Holmes' 11-year prison sentence is "fair." Holmes reported to a women's prison in Bryan, Texas, on Tuesday to start serving her sentence. Amanda Seyfried has weighed in on Elizabeth Holmes' prison sentence after portraying the disgraced Theranos founder in the Hulu miniseries "The Dropout." Seyfried appeared on "Good Morning America" on Tuesday, the day Holmes reported to a minimum-security women's prison in Bryan, Texas, to begin serving her 11-year sentence. But she added that she thought Holmes' sentence — 11.25 years in prison with three years of supervision following her release — was "fair."

Persons: Amanda Seyfried, Elizabeth Holmes, Holmes, Seyfried, sympathizes, William, Billy, Evans, —, Naveen Andrews, Ramesh, Sunny, Balwani, Theranos, Elizabeth Organizations: Hulu, Globe, Los Angeles Times Locations: Bryan , Texas

☆ EV startups conserve cash as make-or-break moment approaches. Here's where everyone stands
▼ + stars: | 2023-05-24 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +14 min

As legacy automakers increasingly ramp production of all-electric vehicles, cushioned by the profits of gas-powered models, a handful of EV startups are scrambling to conserve cash and stay in the mix. It also means the amount of cash Fisker had left as of the end of March, $652.5 million, isn't yet cause for alarm. Still, Fisker cut its production guidance for 2023 to between 32,000 vehicles and 36,000 vehicles, from 42,400 in its original plan. Or as Evercore ISI analyst Doug Dutton wrote before Fisker's earnings report, "Fisker is beginning to turn into a story of binary and 'show me' outcomes." It had $108.1 million remaining as of the end of March, but it lost $171.1 million in the first quarter .

Persons: Tesla, Rivian, Claire McDonough, Rivian's, It's, McDonough, Deutsche Bank's Emmanuel Rosner, Rosner, Sherry House, Peter Rawlinson, Bank of America's John Murphy, Murphy, Aston Martin, Henrik Fisker, Fisker, Doug Dutton, Dutton, Nikola Nikola, Trevor Milton, Nikola, Voltera, TD Cowen, Jeffrey Osborne, Osborne, Polestar Polestar, it's, Johan Malmqvist isn't, aren't, Deutsche Bank's Rosner, Lordstown, Foxconn, Foxconn doesn't Organizations: EV, Amazon, Deutsche, Lucid's, Bank of America's, BMW, Global, Magna International, Nikola, Iveco, Volvo Cars, Geely, Lordstown, Nasdaq, General Motors Locations: Georgia, Magna, Austria, U.S, Europe, North America, Nikola's, Swedish, China, Ohio, Lordstown

☆ Cash App founder Bob Lee dated his murder suspect's ex-girlfriend before he started seeing his sister, friends said. The suspect's lawyer disputes claims of an affair.
▼ + stars: | 2023-05-15 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Nima Momeni is facing a murder charge in connection to the death of Cash App founder Bob Lee. At a later point, Lee began casually sleeping with Momeni's sister, Khazar, per WSJ. Prosecutors previously alleged in court documents that Momeni confronted Lee that night about his sister, Khazar, before the stabbing. Afterward, friends familiar with the matter said that Lee started sleeping with Khazar Momeni, who is married to Dino Elyassnia, a well-known San Francisco-based plastic surgeon. She told WSJ that, if anything, Lee may have been microdosing ketamine to treat depression.

☆ Elon Musk once praised a rocket CEO who didn't go to college for beating Jeff Bezos to orbit, new book reveals: 'Bezos has spent a shitload of money, and he hasn't made it'
▼ + stars: | 2023-05-08 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

A new book reveals Elon Musk once praised a rival New Zealand rocket CEO in a 2018 phone call. Musk said it was "impressive" that Rocket Lab launched a rocket into orbit before Blue Origin, per the book. Like SpaceX, Rocket Lab has been able to launch rockets into orbit — something Bezos' Blue Origin company has not yet achieved. In March, Rocket Lab launched its 35th Electron rocket just a week after launching its 34th Electron rocket. Neither Rocket Lab, Blue Origin, nor Musk responded to Insider's requests for comment.

☆ Ford CEO says price cuts in EV market 'a worrying trend'
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 3 (Reuters) - Ford CEO Jim Farley said Wednesday price cuts in the electric vehicle market "is a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O). Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year. Farley compared the price war in the EV market to Henry Ford's series of price cuts for the Model T starting in 1913. Ford will follow Tesla price cuts for models such as the Mustang Mach-E that competes head-on with Tesla's Model Y, he said. Ford will train workers for that facility, and will invest in retraining current workers, Farley said.

WASHINGTON, May 3 (Reuters) - Ford CEO Jim Farley said on Wednesday that price cuts in the electric vehicle market were "a worrying trend" after the U.S. automaker dropped prices for its Mustang Mach-E in response to a series of reductions by rival Tesla (TSLA.O). Ford on Tuesday announced a price cut of up to 8% of its Mustang Mach-E electric vehicle, the second cut the automaker announced this year. Farley compared the price war in the EV market to Henry Ford's series of price cuts for the Model T starting in 1913. Ford will follow Tesla price cuts for models such as the Mustang Mach-E that competes head-on with Tesla's Model Y, he said. Ford chose to build a new electric vehicle manufacturing hub near Memphis, Tennessee, in part because the region has cleaner electricity from hydro and nuclear facilities, Farley said.

☆ Bill Gates says this is the ‘ultimate test of whether you know a topic’—he even tried it on his kids
▼ + stars: | 2023-04-26 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +2 min

Bill Gates believes there's only one way to know if you truly understand a subject: Can you explain it to a child? If they successfully learn from you — which, in fairness, may also depend on your friend — it's a good sign that you're on the right track. And while they may not have enjoyed the math lessons, Gates still said his teaching sessions were a "great" experience — at least, for him — because they reinforced his own love of math. "One of my favorite things was teaching calculus to the kids ... You have to explain why that's so important, and why they have those funny symbols," Gates said, adding: "It's crazy.

☆ Spain to exhume fascist movement founder's body from Madrid mausoleum
▼ + stars: | 2023-04-24 | by ( Charlie Devereux | ) www.reuters.com time to read: +3 min

REUTERS/Juan MedinaMADRID, April 24 (Reuters) - Spain on Monday will dig up the body of Jose Antonio Primo de Rivera, founder of the fascist Falange movement that supported the Francoist regime, and remove it from a mausoleum carved into a mountainside near Madrid. Last year, the Valley of the Fallen was renamed Valley of Cuelgamuros - the original name of the site - under Spain's new Democratic Memory law. "It's another step in the resignification of the valley," Presidency Minister Felix Bolanos told reporters in Barcelona on Friday. The son of dictator Miguel Primo de Rivera, who governed Spain from 1923-1930, Jose Antonio was shot by firing squad in November 1936 by left-wing Republican forces in Alicante. Franco, a conservative general, and Primo de Rivera, a flamboyant playboy, had little love for each other, according to Francos's biographer Paul Preston.

☆ Upfront's Mark Suster has become the star of LA's booming startup scene. Not everyone is a fan.
▼ + stars: | 2023-04-18 | by ( Ben Bergman | ) www.businessinsider.com time to read: +29 min

"I have worked with more than 50 VCs and nobody comes close to what it is like to work with Mark Suster," said a founder backed by Suster. "Mark and the Upfront Summit helped put LA tech and investing on the map," said Jeffrey Katzenberg, the cofounder of DreamWorks and WndrCo. Several years ago, a founder whose startup Suster invested in was in a conference room rehearsing their presentation for the Upfront Summit. If you're going to put him on your board, you're letting the fox guard the henhouse. "If you're going to put him on your board, you're letting the fox guard the henhouse."

☆ This 24-year-old wants to freeze dead pets with the hope that science can one day bring them back to life – and he's got backing from Peter Thiel to get started
▼ + stars: | 2023-04-17 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Kai Micah Mills is a rare cryonics entrepreneur in the latest batch of Thiel Fellows. His startup Cryopets aims to establish a chain of animal hospitals set up to freeze pets upon death. When he was 14, Kai Micah Mills brought home a long-haired tabby cat and named it Cat. Someday, he hopes to expand to human preservation, as the science matures and pet owners warm to the idea. Mills hasn't figured out a pricing structure yet, but says pet owners will make a payment that covers their pet's storage for as long as necessary.

April 12 (Reuters) - Monster Beverage Corp (MNST.O), the maker of Monster Energy drink, on Wednesday persuaded a California federal court to block rival Vital Pharmaceuticals, maker of Bang Energy, from marketing its drinks as containing "Super Creatine." U.S. District Judge Jesus Bernal said the order of a permanent injunction was necessary to keep Monster from continuing to lose prospective customers and market share because of Bang's "Super Creatine" labeling. Bernal's order requires Bang and its founder Jack Owoc to stop using "Super Creatine" in marketing, take down related ads and issue corrective statements. Bang has become one of the best-selling energy drinks in the United States behind leading brands like Monster and Red Bull. It accused Bang and Owoc of touting their energy drink with "Super Creatine" as a "miracle drink" that can "reverse mental retardation" and help cure neurological disorders.

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