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☆ Angry creditors want Giuliani’s assets taken out of his control
▼ + stars: | 2024-07-09 | by ( Katelyn | ) edition.cnn.com time to read: +9 min

Giuliani’s bankruptcy attorneys and his spokesman didn’t provide additional comment to CNN for this story. They want the bankruptcy judge on Wednesday to throw him out of bankruptcy court. For instance, in recent weeks, according to his financial records available in court, Giuliani made 40 purchases from Amazon totaling nearly $3,500. “Unfortunately, in this case, good news always seems to be accompanied with bad,” lawyers for his creditors wrote to the bankruptcy judge last month. “We saw the same thing and have requested information, and a cup of coffee,” Giuliani’s own bankruptcy lawyers told the creditors.

Persons: Rudy Giuliani, Giuliani, He’s, they’ve, Donald Trump’s, ”, Daniel Gielchinsky, it’s, Ruby Freeman, Shaye Moss, –, Akin Gump, Giuliani’s, Maria Ryan, didn’t, John Eastman, Jim Bourg, Reuters Freeman, Moss, ” Moss, “ He’s, ” Gielchinsky, Igor Lopatonok, Sean Stone, Chanel Rion, Simona Papadopoulos, Rudy ”, Rudy, “, CNN’s Sabrina Shulman Organizations: CNN, New, ” Lawyers, Giuliani Communications LLC, Trump, Reuters, Amazon, Giuliani Communications, RT America, One America News Network, Burke Brands Locations: New York, Atlanta, Georgia, Arizona, Palm Beach , Florida, Florida, Beach, Russian, Giuliani

☆ Zaccharie Risacher: French players make history with top two picks in 2024 NBA Draft
▼ + stars: | 2024-06-27 | by ( Andrew Mcnicol | Jacob Lev | ) edition.cnn.com time to read: +3 min

The Atlanta Hawks took compatriot Zaccharie Risacher as the top pick this year at the event in Brooklyn, New York. The Washington Wizards took fellow Frenchman Alexandre Sarr with the second overall pick. “He gave me all his knowledge to this day, and it’s really special to have someone like him in my corner.”Two more French players featured in the draft’s top 30. With the sixth overall pick, the Charlotte Hornets selected 18-year-old power forward Tidjane Salaun, while the New York Knicks picked Pancome Dadiet in 25th. Excluding the new draftees, there are a total of 10 active French players in the NBA.

Persons: Frenchman, Victor Wembanyama’s, Zaccharie Risacher, JL, “, ” Risacher, Frenchman Alexandre Sarr, Alex Sarr, Timothy A, Clary, Olivier, ”, Sarr, it’s, Salaun, Pancome Dadiet, Tidjane Salaun, Sarah Stier, Melvin Ajinca, Armel Traore, “ Wemby ”, Rudy Gobert, Tony Parker, Joakim Noah Organizations: CNN —, NBA, San Antonio Spurs, Atlanta Hawks, ESPN, Washington Wizards, Perth, Australian National Basketball League, NBA’s Oklahoma City Thunder, Charlotte Hornets, New York Knicks, Spurs, France, Minnesota Timberwolves Locations: CNN — France, Brooklyn , New York, Bresse, France

☆ Zaccharie Risacher: Who is the No. 1 overall pick in the 2024 NBA Draft?
▼ + stars: | 2024-06-27 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

Risacher was selected by the Atlanta Hawks with the first overall pick in the 2024 NBA Draft on Wednesday, making history in the process. The selection of the 19-year-old small forward means that for the first time in modern NBA Draft history, the No. His father, Stéphane, was part of the French team which won the silver medal in the men’s basketball competition at the 2000 Olympics Games in Sydney. 1 overall pick was but a dream for Atlanta by the end of last season as the team only had a 3% chance of landing the top pick in the lottery. He’s a versatile defender, a really good shooter and a high-IQ type player,” Hawks general manager Landry Fields said about the Risacher pick.

Persons: Victor Wembanyama, Risacher, Stéphane, Wembanyama, ” C’est, Bo u, ince, Johns, y McKie, sid e, Kell, ike, ady to do Organizations: CNN, Atlanta Hawks, ASVEL, Atlanta, Wembanyama, San Antonio Spurs Locations: Spain, France, Georgia, Málaga, Lyon, Sydney

☆ French players make history with top two picks in 2024 NBA Draft
▼ + stars: | 2024-06-27 | by ( Andrew Mcnicol | Jacob Lev | ) edition.cnn.com time to read: +3 min

The Washington Wizards took fellow Frenchman Alexandre Sarr with the second overall pick. “He gave me all his knowledge to this day, and it’s really special to have someone like him in my corner.”Two more French players featured in the draft’s top 30. With the sixth overall pick, the Charlotte Hornets selected 18-year-old power forward Tidjane Salaun, while the New York Knicks picked Pancome Dadiet in 25th. France has had a handful of prominent faces in the league’s history, most notably four-time NBA champion Tony Parker and two-time NBA All-Star Joakim Noah. Excluding the new draftees, there are a total of 10 active French players in the NBA.

☆ Analysis, fits for all 58 NBA Draft picks from John Hollinger and Sam Vecenie
▼ + stars: | 2024-06-26 | by ( John Hollinger | Sam Vecenie | ) www.nytimes.com time to read: +109 min

He’s going to be a killer rebounder, monster screener and will consistently establish his position even against some of the stronger NBA players. I’m done doubting Edey, even as an NBA player. As an enormous ballhandler with serious touch and incredible vision as a passer, Topić is clearly an NBA player, even if it doesn’t all translate. Shannon is an elite athlete, but the NBA game requires more nuance, especially if he continues to be an inconsistent shooter. However, I also think he’s more than just a floor spacer on offense in spot-up situations and potentially as an off-ball scorer.

Persons: Read Sam Vecenie’s, Sam Vecenie, John Hollinger, Zaccharie Risacher, Zaccharie, Risacher, he’s, he’d, —, Saddiq Bey, De’Andre Hunter, Jalen Johnson, Dejounte Murray, Alexandre Sarr, Chet Holmgren, Victor Wembanyama, Myles Turner, Wembanyama, Holmgren, Nic Claxton, Kyle Kuzma, Flagg, Reed Sheppard, Sheppard, Sheppard isn’t, he’ll, Lonzo, Tyrese Haliburton, savants, Houston couldn’t, He’s, Donovan Clingan, Ron Holland, Holland, haven’t, don’t, Aaron Gordon, Cade Cunningham, Trajan Langdon, Tidjane, it’s, Mark Williams, Miles Bridges, Jarrett Allen, Deandre Ayton, Clingan, Ayton, Robert Dillingham, Dillingham, Tyrese Maxey —, Maxey, Trae Young, Ja Morant, Morant, Young, Dennis Schröder, Mike Conley, Zach Edey, Edey, I’m, Joel Embiid, Zach Kleiman, It’s, Devin Carter, Matas, Cody Williams, Williams, isn’t, We’re, Buzelis, Patrick Williams, Nikola Topić, Nikola Djurišić, Topić, “ Vasa, Shai Gilgeous, Alexander, Carter, Carlton “ Bub ” Carrington, Bub Carrington, Carrington, White, Will, Kel’el Ware, Ware, doesn’t, Wood, There’s, Thomas Bryant, Orlando Robinson, Bam Adebayo, Philadelphia 76ers Jared McCain, Duke Vecenie’s, Jared McCain, McCain isn’t, Seth Curry, McCain, Dalton Knecht, He’ll, Knecht, Will Hardy, Erik Spoelstra, Tristan da Silva, Tristan da Silva’s, da Silva, Jett Howard, Da Silva, Johnny Furphy, Ja’Kobe Walter, Walter, Gary Trent Jr, Bruce Brown, Isaiah Collier, Scottie Barnes, RJ Barrett, Jaylon Tyson, Tyson, Yves Missi, Yves Missi’s, Clint Capela, Zion Williamson, Missi, Jonas Valančiūnas, Larry Nance Jr, DaRon Holmes, Holmes, Jaylin Williams, Zeke Nnaji, A.J, Johnson, Jackson, Giannis, Kyshawn George, Kyle Anderson, George, Washington, George ., Dadiet, evaluators, Tobias Harris, Harris, Dillon Jones, Jones, Cason Wallace, Lu Dort, Alex Caruso, Nikola, rebounder, Minnesota Timberwolves Terrence Shannon Jr, Terrence Shannon, Shannon, Bart Torvik’s, Buddy Hield, Jimmer Fredette, Chris Duarte, Ochai Agbaji, Matisse, Marshon Brooks, Quincy Pondexter, Lazar Hayward, Davon Reed, Carrick Felix, Orlando Johnson, Hield, Phoenix Suns Ryan Dunn, Ryan Dunn, I’ve, Herb Jones —, Dunn, Derrick Jones Jr, Herb Jones ’, Hollinger, Joanna Gaines, Utah Jazz Isaiah Collier, Collier, Kris Dunn, Baylor, Creighton Vecenie’s, Baylor Scheierman, closeouts, didn’t, Toronto Raptors Jonathan Mogbo, Francisco Vecenie’s, Jonathan Mogbo, Utah Jazz Kyle Filipowski, Kyle Filipowski, Kristaps, Nikola Jokić, Brook Lopez, Duke, Milwaukee Bucks Tyler Smith, Tyler Smith, Smith, let’s, AJ Johnson, Christian Wood, Bobby Portis, Tyler Kolek, Jalen Brunson, Antonio didn’t, Juan Núñez, Juan Núñez’s, Monte Morris, — Morris, McConnell, Sergio Rodriguez, Rodriguez, Núñez, Klintman, Ajay Mitchell, UC Santa Barbara Vecenie’s, Mitchell, Wells, wasn’t, Oso, Ighodaro, Nikola Vučević, Philadelphia 76ers Adem Bona, Adem Bona, Bona, Paul Reed’s, Charlotte Hornets K.J, Simpson, Simpson isn’t, AJ Griffin, Djurišić, Pelle Larsson, Pelle Larsson’s, Larsson, Duncan Robinson, Jamal Shead, Eric Bledsoe, Patrick Beverley, Shead, I’d, Kyle Lowry, Cam Christie, Christie, Nickeil Alexander, Walker, Max, Antonio Reeves, Reeves, He’d, Nate Duncan, hadn’t, That’s, Jordan Hawkins, San Antonio Spurs Harrison Ingram, Harrison Ingram, Ingram, Newton, Tristen Newton, . Indiana Pacers Enrique Freeman, Enrique Freeman, Paul, Millsap, Freeman, Melvin Ajinça, Quentin Vecenie’s, Ajinça, Trent, Cam Spencer, Spencer doesn’t, Spencer, Luke Kennard’s, Boston Celtics Anton Watson, Gonzaga Vecenie’s, Anton Watson, He’s switchable, Watson, James, Bronny James, that’s, Still, LeBron James, Kevin McCullar Jr, Kevin McCullar, Ulrich Chomche, Ariel Hukporti, Tristan Vukčević, Khalifa Diop, Karlo Matković, Marko Simonovic, Luke Hales Organizations: Hawks, Atlanta, Perth Wildcats, Defense, NBA, Wizards, Kentucky, Wildcats, UCLA, Tyrese, Iowa State, Stephon, Spurs, Ignite, League, Pistons, Deandre, Minnesota Timberwolves, 76ers, Dillingham, Purdue, IMG, intel, Grizzlies, Edey, Memphis, Colorado, Sunrise, Lithuanian GM, Bulls, Crvena Zvezda Vecenie’s, Mega, Red Star, doesn’t, Oklahoma City, Providence Vecenie’s, Sacramento, Kings, Washington Wizards, Blazers, Carlton, Pittsburgh, Indiana, Philadelphia 76ers, Duke, McCain, Philadelphia, Sixers, Tennessee, Lakers, NCAA Tournament, Baylor, Houston, Denver Nuggets, Suns, Dayton Vecenie’s, Nuggets, Denver, Ilawarra Hawks, Jackson, Bucks, Miami, New York Knicks, Ratiopharm Ulm, Knicks, Oklahoma City Thunder, Weber State, Golden State Warriors, Illinois, Wolves, Phoenix Suns, Virginia Vecenie’s, Alabama, Mavericks, Dallas, Utah Jazz, USC, Trojans, Jazz, Baylor Scheierman, Celtics, Hoop, Toronto Raptors, Francisco, Raptors, Brook, Utah, Milwaukee Bucks, Marquette, Mikal Bridges, . Indiana Pacers, SAS, Kansas, San Antonio Spurs, today’s NBA, Ratiopharm, Detroit Pistons, Cairns, UC Santa Barbara, Belgian, Thunder, Memphis Grizzlies, Washington, Washington State, Charlotte Hornets, Atlanta Hawks, G League, Rockets, Miami Heat, Arizona, SAC, Summer League, Minnesota, Pelicans, Clippers, New Orleans Pelicans, North Carolina Vecenie’s, Stanford, Ingram, Pacers, UConn, Akron Vecenie’s, Louisiana Tech, MAC, Dallas Mavericks, Saint, Boston College Vecenie’s, Boston College, Boston Celtics, Gonzaga, Los Angeles Lakers, G, NBA Academy Africa, NBA Academy, Melbourne United Locations: Zaccharie, Indiana, Washington, Kentucky, Iowa, Haliburton, Sheppard, Connecticut, San Antonio, Detroit, Portland, Dillingham, Minnesota, Memphis, Colorado, Lithuanian, Chicago, Oregon, Miami, Philadelphia, Tennessee, Utah, California, Atlanta, Orleans, Oklahoma, Dayton, Denver, Fla, Swiss, Dadiet, New York, Shannon, Kansas, Alabama, Virginia, Collier, Boston, Oklahoma City, Milwaukee, Marquette, He’s, Europe, Spain, Spanish, Ratiopharm Ulm, Núñez, NY, OKC, Arizona, Philly, Charlotte, ORL, North, Newton, Akron, Ajinça, Africa, DAL, Cleveland

☆ 2024 NBA Draft: France dominates with Zaccharie Risacher, Alex Sarr, Tidjane Salaun leading Round 1
▼ + stars: | 2024-06-26 | by ( Joe Vardon | ) www.nytimes.com time to read: +7 min

Atlanta selected Risacher from a muddled top tier that included Sarr, Connecticut center Donovan Clingan and wing Stephon Castle, and Kentucky guard Reed Sheppard. His team played in France’s top pro league and a second division of teams competing all across Europe. Saluan is 6-foot-9 and averaged 9.6 points and 4.0 rebounds playing for Cholet in France’s top pro league. For the first time, the NBA Draft is being held over two nights, with Round 1 happening Wednesday at the Barclays Center and Round 2 on Thursday. The Athletic has live coverage of the 2024 NBA Draft.

Persons: Zaccharie, Alex Sarr, Risacher, Victor Wembanyama, Adam Silver, Pacome Dadiet, ” Risacher, “, C’est, Conn, Reed, ear,, urs, ade, Ris, ike V, win,, ike, Johns, Fran, Risa, Bo u, J ohn, olli, H, Pitts, Sal, eli, ober, teena, ees — Ris, feder, James ’ son,, ron, kel, cori Organizations: NBA, Atlanta Hawks, Bourg, Washington Wizards, Perth, Charlotte Hornets, New York Knicks, ntu, ust, rtl, ”, Ris, ntr Locations: Lyon, France, New York, Toulouse, French, Brooklyn, Antonio, laye, in Fr

☆ Opinion: We Germans are making Trump ‘thunderstorm’ plans
▼ + stars: | 2024-05-21 | by ( Opinion Anna Sauerbrey | ) edition.cnn.com time to read: +12 min

That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.

Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, ’, ”, Jörg, Miguel, Donald Trump, “, “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, ”, Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York

☆ Inside Oracle's Deadly Gamble on Cerner and Electronic Health Records
▼ + stars: | 2024-05-20 | by ( Ashley Stewart | Blake Dodge | ) www.businessinsider.com time to read: +29 min

That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for a quarter of all American hospitals, including those run by the Pentagon and the Department of Veterans Affairs. Larry EllisonCerner's electronic records, in short, were a deadly disaster for the VA. Never mind the futuristic, AI-driven healthcare system Ellison envisioned. In 2015, it beat out Epic, its main competitor, for a $4.3 billion contract to handle electronic health records for the Defense Department. It had agreed to process tens of millions of crucial medical records, but it couldn't handle the subsequent deluge of data.

Persons: Larry Ellison's, Ellison, Cerner, I'm, Larry Ellison, Neal Patterson, Cerner's, Patterson, Ellison's, they're, David Shulkin, Margaret Albaugh, Cerner couldn't, Charlie Bourg, —, Larry, Marc Benioff, Ellison protégé, Mike Wilson, David Agus, oncologist, Agus, he'd, Steve Jobs, Sensei, We've, Georges De Keerle, Cerner —, hadn't, Mike Sicilia, Sicilia, Oracle, Anthony Jones Jr, Jones, Donald Remy, didn't, Seema Verma, Neil Evans, Sara Vaezy, Ed Meagher, haven't, Charlie Monroe —, it's, Charlie Bourg —, Bourg, Charlie Monroe, Monroe, Cathy McMorris Rodgers, grandkids, We're, there's Organizations: Oracle's, Oracle, Pentagon, Department of Veterans Affairs, Cerner, RAND Corporation, RAND, Big Tech, GE, Siemens, Cerner Corporation, Defense Department, Department of Defense, Business, Spokane, Ellison Institute of Technology, Microsoft, Agency, Health, Amazon, Veterans ' Affairs, Oracle Health, Navy, Columbus VA, BI, Life Sciences, Intermountain Health, UPMC, DOD, Seabees Locations: Las Vegas, antiaging, Silicon Valley, Spokane , Washington, Cerner, VistA, Bourg, Washington, Sicilia, Ohio, Columbus, Providence, Spokane, Monroe, CloudWorld

The group usually has one active case against financial regulators, but currently has two against the Securities and Exchange Commission (SEC) and one against the Consumer Financial Protection Bureau (CFPB), he said. To be sure, the financial regulators have been sued many times during previous administrations, including by pro-reform advocacy groups. "There are some financial regulators that are walking right into it," he added. In September, for example, bank groups accused regulators including the Federal Reserve of violating the APA with a new capital rule. According to research by Wharton School professor David Zaring, neither industry groups nor individual lenders have filed more than one suit over the past decade challenging Fed policymaking.

Persons: Jim Bourg, Gibson, Dunn, Crutcher, Joe Biden's, Donald Trump's, Tom Quaadman, Jack Inglis, CFPB, Dennis Kelleher, Trump, Eugene Scalia, Gibson Dunn, Scalia, Antonin Scalia, Rebeca Romero Rainey, David Zaring, Kelleher, Douglas Gillison, Chris Prentice, Pete Schroeder, Nate Raymond, Jody Godoy, Megan Davies, Nick Zieminski Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, WASHINGTON, Democratic, Republican, Reuters, APA, U.S . Chamber of Commerce, Securities and Exchange Commission, Consumer Financial Protection Bureau, Funds, Alternative Investment Management Association, Fifth Circuit, Appeals, Better Markets, Biden, American Bankers Association, Labor, Supreme, Independent Community Bankers of, Federal, Wharton School, Thomson Locations: Washington, Independent Community Bankers of America

Donald Trump Jr. speaks to the media in the media filing center as a surrogate on behalf of his father, former U.S. President Donald Trump, after the former president skipped the first Republican candidates' debate of the 2024 U.S. presidential campaign in Milwaukee, Wisconsin, U.S. August 23, 2023. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Donald Trump’s son Donald Trump Jr. is set to testify on Wednesday afternoon in a New York civil fraud trial accusing the former U.S. president and his family businesses of inflating asset values to dupe lenders and insurers. Donald Jr., an executive vice president at the Trump Organization and a co-defendant in the case, will be the first of Trump’s adult children to take the stand, followed by Eric and Ivanka Trump. He has a campaign event scheduled in Houston on Thursday, when Eric Trump is set to testify. Donald Jr., who along with fellow co-defendant Eric Trump largely took over management of the Trump Organization from his father in 2017, is a central player in the case, overseeing crown jewels of the Trump real estate empire.

Persons: Donald Trump Jr, Donald Trump, Jim Bourg, Donald Trump’s, Donald Jr, Eric, Ivanka Trump, Trump, Democrat Joe Biden, Letitia James, James, Justice Arthur Engoron’s, Michael Cohen, Cohen, Eric Trump, Engoron, Jack Queen, Scott Malone, Jonathan Oatis Organizations: Republican, REUTERS, Trump Organization, Democrat, Democratic New York, Trump, Thomson Locations: Milwaukee , Wisconsin, U.S, New York, Washington, Georgia, Houston, Manhattan

☆ US SEC will go to court if someone is 'playing games' during probes -official
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - A top U.S. Securities and Exchange Commission official on Wednesday said the SEC will turn to courts to enforce its subpoena authority when someone is "playing games" or trying to delay investigations. THE TAKEThe SEC's enforcement director Gurbir Grewal said the agency rarely turns to a court to enforce its subpoena authority, but will do so when necessary. Grewal estimated the agency pursued about a dozen such actions last year. KEY QUOTE:"We need to have accountability and we need to get that message out to the public," Grewal said at an industry conference.

Persons: Jim Bourg, Gurbir Grewal, Grewal, Elon Musk, Chris Prentice, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Rights, Exchange, Thomson Locations: Washington

☆ US SEC proposes banning volume-based trading discounts for stock brokerages
▼ + stars: | 2023-10-18 | by ( Douglas Gillison | ) www.reuters.com time to read: +3 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. FollowOct 18 (Reuters) - Wall Street's top regulator on Wednesday proposed new regulations it said should level the playing field among broker-dealers operating on U.S. stock exchanges by ending pricing schemes that tend to favor bigger players. At a public meeting in Washington, a divided five-member U.S. Securities and Exchange Commission voted 3-2 to propose banning stock exchanges from offering lower transaction prices and rebates to brokerages with higher trading volumes, something officials said creates unfair competitive advantages for larger firms. The ban on transaction price discounts and rebates would not apply when brokerages trade for themselves, SEC officials said in advance of the meeting. In those cases, stock exchanges will have to disclose pricing tiers and the number of exchange members who qualify to the SEC, which will make this available to the public.

Persons: Jim Bourg, Gary Gensler, Hester Peirce, Ellen Greene, Douglas Gillison, Jonathan Oatis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, AddSekkei Inc, Exchange, Republican, American Securities Association, Securities Industry, Financial Markets Association, Thomson Locations: Washington, brokerages

☆ Five Eyes intelligence chiefs warn on China's 'theft' of intellectual property
▼ + stars: | 2023-10-18 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +4 min

The officials from the United States, Britain, Canada, Australia and New Zealand - known as the Five Eyes intelligence sharing network - made the comments following meetings with private companies in the U.S. innovation hub Silicon Valley. From quantum technology and robotics to biotechnology and artificial intelligence, China was stealing secrets in various sectors, the officials said. In response, Chinese government spokesman Liu Pengyu said the country was committed to intellectual property protection. The U.S. has long accused China of intellectual property theft and the issue has been a key sore point in U.S.-China relations. "The Chinese government is engaged in the most sustained scaled and sophisticated theft of intellectual property and expertise in human history," said Mike Burgess, the Australian Security Intelligence Organisation's director-general.

Persons: Christopher Wray, Jim Bourg, Wray, Liu Pengyu, Mike Burgess, Burgess, we've, Zeba Siddiqui, Jamie Freed Organizations: Committee, Federal Bureau of Investigation, REUTERS, Rights STANFORD, FBI, Reuters, The, Australian Security Intelligence, Thomson Locations: Washington , U.S, California, China, United States, Britain, Canada, Australia, New Zealand, U.S, Valley . U.S, Washington, The U.S, Australian, Stanford , California

A spot bitcoin ETF would give investors exposure to the world's largest cryptocurrency by market capitalization without having to own it. The SEC has denied all spot bitcoin ETF applications, including Grayscale's, on the grounds applicants have not shown they can protect investors from market manipulation. The appeals court ruled that the SEC arbitrarily denied Grayscale's application because it never explained why the two arrangements were materially different. The appeals court is expected to issue a mandate specifying how its decision should be executed, which will likely include instructing the SEC to revisit Grayscale's application. Several other asset managers, including BlackRock (BLK.N), Fidelity and Invesco, have similar filings pending with the SEC for a spot bitcoin ETF.

Persons: Jim Bourg, Grayscale's, Chris Prentice, Hannah Lang, Michelle Price, Rod Nickel Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Columbia, BlackRock, Fidelity, Thomson Locations: Washington

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The new rules require institutional investors to report their gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle. "Investment advisers will face more risk when selling short, which will harm investors, market participants, and market efficiency," said its CEO Bryan Corbett. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice.

Persons: Jim Bourg, Gary Gensler, Gensler, Stephen Hall, FINRA, Bryan Corbett, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Stephen Hall of Better, Justice Department, Thomson Locations: Washington, U.S

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. The practice has long been divisive, with critics accusing short sellers of trying to hurt companies, and short sellers arguing they help root out fraud and corporate misconduct. Since at least 2021, the Justice Department and the SEC have also been investigating potential manipulation by short sellers and hedge funds around the publication of negative research reports. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice. Specifically, institutional investors will have to report gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle.

Persons: Jim Bourg, Gary Gensler, FINRA, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Justice Department, Thomson Locations: Washington, U.S

☆ Ambitious research yields new atlas of human brain cells
▼ + stars: | 2023-10-12 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

The human brain is complex in terms of its utility - sensing, moving, reading, writing, speaking, thinking and more - and its cellular diversity. The research identified 3,313 cell types, roughly 10 times more than previously known, and the complete set of genes used by each cell type while also mapping their regional distribution in the brain. "The brain cell atlas as a whole provides the cellular substrate for everything that we can do as human beings," said neuroscientist Ed Lein of the Seattle-based Allen Institute for Brain Science, one of the researchers. The various cell types have distinct properties and are likely affected differently in disease, Lein said. "We are only at the very beginning of delineating the complexity of the human brain," said another of the researchers, Bing Ren, director of the University of California, San Diego Center for Epigenomics.

Persons: Denis Balibouse, Ed Lein, Lein, Trygve Bakken, Bing Ren, Will Dunham, Rosalba O'Brien Organizations: Belle Idee University, REUTERS, Rights, U.S, government's National Institutes of Health, Census Network, Allen Institute for Brain Science, Allen, University of California, San Diego Center for Epigenomics, Thomson Locations: Neuropsychiatry, Chene, Bourg, Geneva, Seattle

☆ Kazakh's fintech Freedom is being investigated by US SEC, DOJ - CNBC
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. The SEC's Boston regional office has been probing Freedom for months, the report said, citing documents seen by CNBC and people familiar with the matter. The allegations in the Hindenburg report are without merit, Freedom had said then. The U.S. Attorney's Office for Massachusetts is also making preliminary inquiries into Freedom, the CNBC report added. The SEC declined to comment on the existence or nonexistence of a possible investigation, whereas the Department of Justice and Freedom did not immediately respond to Reuters requests for comment.

Persons: Jim Bourg, Freedom, Hindenburg, Jaiveer Singh, Shinjini Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, U.S . Department of Justice, Securities, Exchange, CNBC, Boston, Attorney's, Massachusetts, Department of Justice, Thomson Locations: Washington, Kazakhstan, U.S, Bengaluru

☆ Clarence Thomas' recusal on 'frivolous' January 6 appeal is a 'low-stakes' opportunity for him to fight ethics allegations, Supreme Court expert says
▼ + stars: | 2023-10-03 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Clarence Thomas recused himself for the first time from a January 6-related matter this week. A Supreme Court expert said media scrutiny into Thomas' ethics may have convinced him to recuse. AdvertisementAdvertisementAfter months of media scrutiny, Supreme Court Justice Clarence Thomas recused himself for the first time from a matter regarding the January 6, 2021 Capitol attack. But the Eastman appeal from which Thomas recused himself was effectively settled before the court declined to review the appeal. Regardless of his reasons, Thomas ultimately did the right thing in recusing himself from the Eastman appeal, Lemieux said.

Persons: Clarence Thomas, Thomas, —, Trump, John Eastman's, Eastman, Ginny, Trump's, Harlan Crow, Scott Lemieux, didn't, John Eastman, Rudy Giuliani, Jim Bourg, Lemieux, recusal, recusing Organizations: Service, Supreme, White, Trump, Bloomberg, University of Washington, Eastman Locations: Georgia, Virginia

☆ Major tests await conservative US Supreme Court in new term
▼ + stars: | 2023-10-01 | by ( John Kruzel | ) www.reuters.com time to read: +5 min

WASHINGTON (Reuters) - Monday marks the first day of the U.S. Supreme Court’s new term as it prepares to tackle major cases involving gun rights, the power of federal agencies, social media regulation and Republican-drawn electoral districts, and considers taking up a dispute over the availability of the abortion pill. FILE PHOTO: A police officer patrols outside the U.S. Supreme Court in Washington, U.S. June 30, 2023.? The conservative justices in multiple rulings in recent years have pared back the authority of federal agencies including the Environmental Protection Agency. A case to be argued on Nov. 7 presents the conservative justices with an opportunity to broaden gun rights even further. Circuit Court of Appeals in its ruling barred telemedicine prescriptions and shipments of mifepristone by mail.

Persons: Jim Bourg, ” “, ”, Erwin Chemerinsky, Steve Schwinn, Roe, Wade, Joe Biden’s Organizations: WASHINGTON, U.S, Supreme, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Chevron, University of California Berkeley Law School, Environmental Protection Agency, ” University of Illinois, South, Republican, House, Circuit, Appeals Locations: U.S ., Washington , U.S, Iowa, Chevron, ” University of Illinois Chicago, South Carolina, Texas, Florida, New Orleans

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsCompanies Nano-X Imaging Ltd FollowNEW YORK, Sept 29 (Reuters) - Nano-X Imaging (NNOX.O) and its founder Ran Poliakine agreed to pay nearly $1.1 million to settle U.S. Securities and Exchange Commission charges accusing the Israeli medical imaging company of negligently misleading investors about the cost to make its flagship product. The SEC said Nano-X also touted the misleadingly low estimate before and after its August 2020 initial public offering, which raised $165 million. Poliakine was Nano-X's chief executive at the time of the misleading statements, and is now non-executive chairman, the SEC said. Without admitting or denying wrongdoing, Nano-X and Poliakine agreed to pay respective civil fines of $650,000 and $150,000, and Poliakine will pay $267,000 in disgorgement plus interest.

Persons: Jim Bourg, Ran Poliakine, Poliakine, Jonathan Stempel, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, X Imaging, U.S, Securities, Exchange, Thomson Locations: Washington, New York

REUTERS/Jim Bourg/File Photo Acquire Licensing RightsNEW YORK, Sept 29 (Reuters) - The U.S. securities regulator on Friday said it had fined 12 companies, including brokers, investment advisers and credit rating firms, for record keeping failures. The Securities and Exchange Commission (SEC) said the companies, including Interactive Brokers Corp, Fifth Third Securities and Nuveen Securities, agreed to pay a total of $79 million and admitted they violated the record keeping rules. Credit rating agencies DBRS Inc. and Kroll Bond Rating Agency, LLC also agreed to pay civil penalties to settle SEC charges related to the record-keeping failures, the regulator added. Employees at both firms failed to preserve electronic communications, including off-channel messages on personal and work-issued devices, the SEC said. To settle the charges, DBRS agreed to pay $8 million in civil penalties and KBRA agreed to pay $4 million in civil penalties, the SEC said.

Persons: Jim Bourg, Kroll, DBRS, KBRA, Chris Prentice, Carolina, Barbara Lewis Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Securities, Interactive Brokers Corp, Fifth Third Securities, Nuveen Securities, Reuters, Wall, DBRS Inc, Kroll Bond Rating Agency, Employees, Thomson Locations: Washington, U.S

Here’s takeaways from Thursday’s first impeachment inquiry hearing:Rep.Jamie Raskin and Oversight Chairman James Comer speak on Capitol Hill in Washington, DC, on Thursday. Conservative law professor Jonathan Turley also said that the House does not yet have evidence to support articles of impeachment against Joe Biden, but argued that House Republicans were justified in opening an impeachment inquiry. Picking witnesses that refute House Republicans arguments for impeachment is mind blowing,” one senior GOP aide told CNN. There’s a shutdown looming.”Rep Jim Jordan delivers remarks during the House Oversight Committee hearing on Capitol Hill on September 28, 2023 in Washington, DC. House Oversight Committee ranking Democratic member Rep. Jamie Raskin speaks on Capitol Hill in Washington, DC, on September 28, 2023.

Persons: Joe Biden, don’t, Hunter, Donald Trump’s, Here’s, Thursday’s, Rep.Jamie Raskin, James Comer, Jonathan Ernst, Biden, Bruce Dubinsky, “, ” Dubinsky, Jonathan Turley, ” Turley, Joe Biden’s, Turley, Trump’s, Ro Khanna, Witnesses, Jacquelyn Martin, ”, Jim Jordan, Drew Angerer, hasn’t, Trump, Hunter Biden, Jamie Raskin, Jim Bourg, Hunter Biden –, Raskin’s, Raskin, ” Raskin, Rudy, Rudy Giuliani, Giuliani, Kweisi, Lev Parnas, Giuliani’s, Parnas, Burisma, Jared Kushner, Hunter Biden’s, Kushner, Biden’s Organizations: CNN — House Republicans, GOP, Conservative, Republicans, CNN, House Republicans, George Washington University Law School, California Democrat, Capitol, ”, Getty, Service, Justice Department, Hunter Biden, Democratic, White, Democrats needled Republicans, AP, Biden, Burisma Holdings Locations: Ukraine, Washington ,, Hunter, California, Washington, Ukrainian, Maryland, Saudi Arabia

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. One said some firms could pay as much as $50 million. The SEC has previously negotiated two other large group settlements as part of its "off-channel" communications probe. In August, regulators fined nine Wall Street firms, including Wells Fargo (WFC.N) and Societe Generale (SOGN.PA), a combined $549 million over employees' use of personal messaging apps. In September 2022, it fined 16 firms, including Goldman Sachs, Morgan Stanley, Citigroup and Bank of America, $1.8 billion for similar lapses.

Persons: Jim Bourg, Spokespeople, Oppenheimer, Voya, Wells, Goldman Sachs, Morgan Stanley, JPMorgan Chase, Chris Prentice, Carolina, Michelle Price, Jacqueline Wong Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Reuters, Truist Financial Corp, US Bancorp, Voya Financial, LPL, Interactive, Oppenheimer, Fifth Third Bancorp, Fifth, Truist, Wall Street, Societe Generale, Citigroup, Bank of America, JPMorgan, Thomson Locations: Washington

☆ Citadel ready to battle SEC over WhatsApp probe, Bloomberg reports
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing RightsSept 27 (Reuters) - Billionaire Ken Griffin's Citadel will take a tougher stance against the U.S. Securities and Exchange Commission and is willing to take the regulator to court over its WhatsApp probe, Bloomberg News reported on Wednesday citing people familiar with the matter. The firms targeted by the SEC include Carlyle Group (CG.O) , Apollo Global Management(APO.N), KKR & Co (KKR.N), TPG (TPG.O), and Blackstone(BX.N), as well as some hedge funds such as Citadel. Citadel did not immediately respond to a Reuters request for comment. Reporting by Pritam Biswas in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Jim Bourg, Ken Griffin's, Pritam Biswas, Krishna Chandra Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, Bloomberg, Reuters, Carlyle Group, Apollo Global Management, KKR, Co, TPG, Blackstone, Citadel, Thomson Locations: Washington, Miami, Bengaluru

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