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☆ RFK Jr.’s to-do list to make America ‘healthy’ — vaccines, fluoride and food — has health experts worried
▼ + stars: | 2024-11-15 | by ( Meg Tirrell | Katherine Dillinger | ) edition.cnn.com time to read: +12 min

“Donald Trump’s bungling of public health policy during the Covid pandemic cost hundreds of thousands of lives. “FDA’s war on public health is about to end,” he said in a social media post. Pack your bags.”That warning followed comments Kennedy has made about ending National Institutes of Health research into infectious diseases, putting doctors in the field on edge. water systems to remove fluoride from public water. Kennedy’s messaging on food policy has resonated with some health experts in that field.

Persons: Donald Trump’s, Robert F, Kennedy Jr, Dr, Ashish Jha, “, Carlos del Rio, Trump, ” Trump, “ Robert F, Kennedy, Jr, ” Robert Weissman, “ Donald Trump’s bungling, Michael Osterholm, ”, Osterholm, he’d, Ronald Reagan’s, he’s, ” Kennedy, Paul Offit, Jesse Watters, I’ve, Jason Schwartz, Edward Chen, it’s, I’m, Ashley Malin, ” Malin, Food Kennedy, Sanjay Gupta, Marion Nestle, Sen, Ron Johnson, Nestle, ” Nestle, CNN’s Carma Hassan, Nadia Kounang, Daniel Dale, Aaron Pellish Organizations: CNN, US Department of Health, Human, Brown University School of Public Health, Emory School of Medicine & Grady Health, Public Health, Health, HHS, Department of Health, Human Services, Public Citizen, Infectious Disease, University of Minnesota, US Centers for Disease Control, US Food and Drug, FDA, Pharma, of Health, Vaccine Education Center, Children’s Hospital of Philadelphia, CDC, Vaccines, Health Defense, Fox News, Yale School of Public Health, Trump White, U.S, American Dental Association, Environmental Protection Agency, MSNBC, Epidemiology, University of Florida’s College of Public Health, CNN Health Locations: Wisconsin

☆ EPA must review risks of risks of fluoride in drinking water to children, judge rules
▼ + stars: | 2024-09-26 | by ( ) www.nbcnews.com time to read: +2 min

U.S. District Judge Edward Chen in San Francisco on Tuesday sided with several advocacy groups, finding the current practice of adding fluoride to drinking water supplies to fight cavities presented unreasonable risks for children’s developing brains. But the judge stressed he was not concluding with certainty that fluoridated water endangered public health. The agency had denied their so-called citizen’s petition asking it to consider banning fluoridation chemicals from public drinking water. More than 200 million Americans, or about 75% of the population, currently have fluoride added to their drinking water at recommended levels of 0.7 milligrams of fluoride per liter of water. The U.S. practice differs from Europe, where fluoridated drinking water is rare.

Persons: Edward Chen, Chen, ”, Barack Obama, ” Michael Connett Organizations: . Environmental Protection Agency, U.S, District, Toxic, Democratic, Water Watch, EPA Locations: California, San Francisco, U.S, Europe

☆ Robinhood wins dismissal of shareholder lawsuit over 2021 IPO
▼ + stars: | 2023-02-10 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

"Plaintiffs thus failed to plead that Robinhood did not disclose 'material factors' that would make an investment in Robinhood speculative or risky," Chen wrote. Shareholders in the proposed class action said Robinhood had concealed "severe deterioration" in the two months before the Menlo Park, California-based company's IPO. Chen also dismissed claims against Robinhood Chief Executive Vladimir Tenev, other company officials, and the IPO underwriters led by Goldman Sachs and JPMorgan. Robinhood reported on Wednesday a loss for 2022 of $1.03 billion, or $1.17 per share, on net revenue of $1.36 billion. The case is Sodha et al v Robinhood Markets Inc et al, U.S. District Court, Northern District of California, No.

☆ Elon Musk was reportedly cleared by a federal jury's verdict that his 'funding secured' tweet in 2018 didn't harm Tesla investors
▼ + stars: | 2023-02-03 | by ( Sindhu Sundar | Grace Kay | ) www.businessinsider.com time to read: +4 min

A jury found investors failed to prove Elon Musk derailed them with his tweet that he had "funding secured" to take Tesla private, per the WSJ. Tesla investors had alleged that his public statements resulted in billions of dollars in damages. Those verbal assurances in part led him to tweet that he had "funding secured" for a take-private deal for Tesla, he told jurors last month. Musk's tweet, which he posted in August 2018, read, "Am considering taking Tesla private at $420. Porritt, the Tesla investors' attorney, had framed the stakes of the case in sweeping, existential terms, arguing that it came down to a question of whether regular investors could trust the public markets.

Musk ended three days on the stand defending against claims that he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private. The trial in San Francisco federal court is testing whether the world's second-richest person can be held liable for his sometimes impulsive use of Twitter. Musk, however, acknowledged he did not have binding agreements with investors, leaving it to the jury to decide if he misled shareholders. The Saudi fund did not immediately respond to a Reuters request for comment. But when questioned by Nicholas Porritt, a lawyer for the investors, Musk said he did not have binding agreements for financing from any interested party.

[1/5] Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. He added later that he chose not to take Tesla private due to a lack of support from some investors and a wish to avoid a lengthy process. Musk told the investors' lawyer Nicholas Porritt that he met on July 31, 2018, with representatives of Saudi Arabia's sovereign wealth fund, the Public Investment Fund, at Tesla's factory in Fremont, California. That never came to pass, Musk said, because the fund's governor, Yasir Al-Rumayyan, later backpedaled on the commitment to take Tesla private. "I was very upset because he had been unequivocal in his support for taking Tesla private when we met and now he appeared to be backpedaling," Musk testified.

"PIF unequivocally wanted to take Tesla private," he testified. Musk subsequently said that Yasir Al-Rumayyan, governor of the fund, later backpedaled on the commitment to take Tesla private. "I was very upset because he had been unequivocal in his support for taking Tesla private when we met and now he appeared to be backpedaling," Musk testified. Tesla's stock price surged after Musk's tweets, and later fell as it became clear the buyout would not materialize. Musk testified calmly, in contrast to his occasional combative testimony in earlier trials.

Tesla's stock price surged after Musk's tweets, and later fell as it became clear the buyout would not happen. A jury of nine will decide whether the billionaire artificially inflated Tesla's share price by touting the buyout's prospects, and if so by how much. "It was chosen because it was a 20% premium over the stock price," he testified. Musk testified calmly, in contrast to his occasional combative testimony in earlier trials. The defendants also include current and former Tesla directors, whom Spiro said had "pure" motives in their response to Musk's plan.

Tesla CEO Elon Musk took the witness stand again Monday in a trial over whether he purposefully misled investors when he tweeted that he had "secured" funding to take the electric car maker private. Musk is being sued by Tesla investors who claim the August 2018 take-private tweet caused them to lose substantial sums of money. “Just because I tweet something does not mean people believe it or will act accordingly,” Musk told the jury Friday in San Francisco federal court. Musk’s attorney, Alex Spiro, told the jury in opening statements last week that Musk believed he had financing from Saudi backers and was taking steps to make the deal happen. Asked Friday about requests from Twitter stakeholders to avoid tweeting, Musk said he did not recall them.

Companies Tesla Inc FollowTwitter Inc FollowJan 23 (Reuters) - Tesla Chief Executive Elon Musk will take the witness stand again on Monday, as he defends himself against fraud claims that he lied when he tweeted in 2018 that he had funding to take the electric carmaker private. Millions of dollars are at stake as well as the reputation of Musk, whose personal stature is a central asset of the Tesla brand. The trial will test whether Musk's penchant for taking to Twitter to air his sometimes irreverent views misleads investors and damages the value of the company. Shareholders claim they lost millions after Musk tweeted that he had "funding secured" to take Tesla private. The defendants include current and former Tesla directors, whom Spiro said had "pure" motives in their response to Musk's plan.

He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected. "Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court. [1/5] Tesla CEO Elon Musk testifies during a securities-fraud trial in San Francisco, California, U.S., January 20, 2023 in this courtroom sketch. Earlier on Friday, Tesla investor Timothy Fries told the jury that he lost $5,000 buying Tesla stock after Musk sent the tweet, which sparked volatile swings in Tesla's stock. Musk's attorney, Alex Spiro, told the jury in his opening statement Wednesday that Musk believed he had financing from Saudi backers and was taking steps to make the deal happen.

Companies Tesla Inc FollowJan 20 (Reuters) - Elon Musk, Tesla Inc's (TSLA.O) chief executive, is likely to be called to testify on Friday in a jury trial over his 2018 tweet that he had "funding secured" to take the electric carmaker private, which shareholders allege cost them millions in trading losses. The billionaire entrepreneur is listed as the third possible witness on Friday, after a securities expert and a Tesla investor, in the class action trial in San Francisco federal court. Fearing leaks to the media, Musk tried to protect the "everyday shareholder" by sending the tweet, which contained "technical inaccuracies," Spiro said. The defendants include current and former Tesla directors, whom Spiro said had "pure" motives in their response to Musk's plan. The trial resumes after a day off on Thursday.

Tesla investor Glen Littleton is seeking damages on behalf of shareholders who traded the company's stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. Musk's lawyer disputed this characterization, saying that the billionaire was "serious" about taking the company private in 2018, but ultimately encountered shareholder opposition. Musk believed that financing was not an issue and was "taking steps" to make a deal happen, Spiro told the jury. The self-employed investor said he viewed Musk's "funding secured" statement as "absolute." Spiro said on Wednesday that Tesla's stock price jumped in response to Musk saying he was considering taking the company private, which he said was true.

SAN FRANCISCO, Jan 18 (Reuters) - A lawyer for Tesla Inc (TSLA.O) investors said on Wednesday that CEO Elon Musk "lied" when he tweeted in 2018 that funding was "secured" to take the company private. Musk's alleged lies caused "regular people" to lose millions, Nicholas Porritt, lead attorney for the investors, told a jury in San Francisco during opening statements. Musk's lawyer disputed this characterization, saying that the billionaire was "serious" about taking the company private in 2018, but ultimately encountered shareholder opposition. Tesla investor Glen Littleton is seeking damages on behalf of shareholders who traded the company's stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. Reporting by Jody Godoy in San Francisco Editing by Peter Henderson, Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Opening arguments kick off Wednesday in a trial that will see Tesla face off against shareholders who are accusing the company of misleading them over a tweet by Elon Musk that stated funding had been "secured" to take the electric car company private. Lead shareholder plaintiff Glen Littleton is seeking billions of dollars in damages over the August 2018 tweet, which prompted a brief rise in Tesla's stock price. Shares of company stock began a steady decline that continued into the following year. Musk and Tesla were separately fined $20 million and Musk was forced to step down as Tesla's chairman. He also agreed to a requirement to have lawyers review his statements about Tesla before publishing them on social media.

SAN FRANCISCO, Jan 18 (Reuters) - Attorneys for Tesla Inc (TSLA.O) and for investors will make opening arguments in a San Francisco court on Wednesday in a case to decide whether CEO Elon Musk's 2018 tweet that funding was "secured" to take the company private damaged shareholders. The case is a rare securities class action trial, and Musk and his company are bucking the norm of settling claims that clear high legal hurdles, making for a potentially dramatic trial at which Musk himself may testify. Tesla investor Glen Littleton is seeking "billions" in damages on behalf of shareholders who traded the company's stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. While shareholders sue hundreds of companies and their executives for alleged securities fraud every year, very few of those cases make it to trial. Reporting by Jody Godoy in San Francisco Editing by Peter Henderson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

The lawsuit seeks damages for shareholders who bought or sold Tesla stock in the days after Musk's tweets on Aug. 7, 2018. The shareholders have not specified the damages, but said Musk's tweets cost investors "billions." Potential panelists were asked ahead of time about their opinions of Musk and whether they own a Tesla vehicle. Investors sued in August 2018, shortly after Musk posted on Twitter that he was considering taking Tesla private at $420 per share. The defendants have said in court papers that they will argue that Musk had good reason to believe funding for the deal was secured.

☆ Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know
▼ + stars: | 2023-01-17 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —A four-year old tweet from Elon Musk has the Tesla CEO back in court starting Tuesday. Musk, Tesla and other Tesla directors are facing a shareholder lawsuit over his now-infamous 2018 tweet, which said that he was thinking about taking Tesla private at a price of $420 a share. If he had ended the tweet right there, there wouldn’t still be coverage of it, or a lawsuit that seeks unspecified damages. That record close of $409.97 works out to $6,150 a share, when adjusted for the two stock splits since that day. “These numbers make clear that an impartial juror cannot feasibly be impaneled from this juror pool.”This is only the latest court case involving Musk.

☆ Judge to Hear Elon Musk Request to Relocate Trial Over Tesla Tweets
▼ + stars: | 2023-01-13 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: 1 min

A federal judge is slated to hear Elon Musk‘s request to relocate a coming securities-fraud trial involving comments he made as boss of Tesla Inc. Attorneys for Mr. Musk argued in a filing last week that potential jurors in the trial scheduled to unfold in San Francisco could be biased against the billionaire over his use and recent management of Twitter. U.S. District Judge Edward Chen is due to hear both sides starting Friday morning.

☆ Elon Musk lost his bid to move his securities fraud trial out of San Francisco, where his lawyers claim too many potential jurors are biased against him
▼ + stars: | 2023-01-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A judge denied Elon Musk's request to move his securities fraud trial from San Francisco to Texas. Musk's lawyers had claimed too many potential jurors would be biased against him after he took over San Francisco-based Twitter and promptly laid off half of its staff. He petitioned for the trial to take place in Texas instead; Musk moved Tesla's headquarters from Palo Alto, California to Austin, Texas in 2021. After Musk's legal team asked to move the trial, lawyers for the Tesla shareholders in the case responded by poking fun at Musk. Musk, his legal team, and Tesla did not immediately respond to requests for comment.

An attorney for Musk, as well as Tesla and several directors who are also defendants, declined to comment. Musk surrendered the Tesla chairman position and agreed to let a company lawyer vet some of his tweets. He won a bench trial in Delaware's Court of Chancery last year over claims by Tesla shareholders that he allegedly coerced the Tesla board into buying SolarCity, a rooftop solar panel maker. Tesla shareholders had sought billions in damages and they have appealed. Around half are dismissed for failing to comply with securities law and most of the rest are settled.

☆ Tesla shareholder attorneys taunted Elon Musk over his attempt to move a trial to Texas due to 'local negativity:' He has a 'knack for attracting 'negative' coverage'
▼ + stars: | 2023-01-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Tesla shareholder attorneys poked fun at Elon Musk's attempt to move a trial to Texas in court filing. Last week, Musk's lawyer said a trial should not be held in California due to "local negativity." Attorneys for the investors said the billionaire has a "knack for attracting 'negative' coverage." Musk and a Tesla spokesperson did not respond to a request for comment from Insider ahead of publication. The trial revolves around 2018 tweets from Musk in which the Tesla CEO said he had funding secured to take the carmaker private.

☆ Tesla investors argue Musk can receive fair 'funding secured' trial in San Francisco
▼ + stars: | 2023-01-11 | by ( Tom Hals | Thomson Reuters | Award-Winning Reporter With More Than Two Decades Of Experience In International News | ) www.reuters.com time to read: +3 min

Videos of an audience booing Musk during a surprise appearance at a Dave Chappelle show in San Francisco in December were circulated online. Tesla moved its headquarters from the San Francisco area to Texas in 2021. Musk tweeted in August 2018 that he had "funding secured" to take Tesla private, sparking 10 days of volatile trading in its stock shares, bonds and options. Defendants, which also include Tesla and its board at the time, will make their case that Musk was not misleading investors in a material way. Additional reporting by Hyunjoo Jin in San Francisco Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Ahmad Abouammo had been found guilty by a jury in August following a trial in federal court in San Francisco. Abouammo's attorneys had asked U.S. District Judge Edward Chen for a probationary sentence at his home in Seattle with no prison time. The case focused on Abouammo's efforts to look up information on two Twitter users, a $42,000 watch he received from a Saudi official and a pair of $100,000 wire transfers. Twitter, recently acquired by Elon Musk, and the Saudi Embassy in Washington also did not immediately respond to requests for comment. The attorneys also said Abouammo's actions paled in comparison to those of Ali Alzabarah, another ex-Twitter employee, who was accused of accessing thousands of Twitter accounts on behalf of Saudi Arabia.

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