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Oct 31 (Reuters) - Shares of TuSimple Holdings Inc (TSP.O) nearly halved on Monday after the self-driving truck startup said it had removed Chief Executive Xiaodi Hou in connection with the company's ties to a China-backed firm. TuSimple said in a securities filing that an investigation by its board showed some of its employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China. "It is so unfair to let politics get in the way of the dream we were pursuing together," he said. San Diego, California-based TuSimple has named Ersin Yumer, the vice president of operations, as its interim CEO. The company also said that it had not been able to determine the value of confidential information shared with Hydron.
Oct 31 (Reuters) - The former chief executive of self-driving technology company TuSimple (TSP.O), Xiaodi Hou, on Monday confirmed he had been removed as chairman and CEO by the company's board, adding in a WeChat post the move was "without cause." Hou's ouster came after The Wall Street Journal reported the company was being investigated by the FBI, U.S. Securities and Exchange Commission (SEC) and Committee on Foreign Investment about its relationship with China-backed Hydron Inc.Hou described the board's process as "questionable at best," denied any wrongdoing, and said he did not intend to sell shares in the company. Reporting By Kevin Krolicki; editing by Peter Henderson and Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
Xiaodi Hou, the co-founder and former chief executive of San Diego-based TuSimple. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
Xiaodi Hou was ousted as chief executive of TuSimple, which faces probes of whether it improperly financed and transferred technology to a Chinese startup. TuSimple Holdings Inc., a self-driving trucking company, said Monday it had fired its chief executive and co-founder, Xiaodi Hou . The San Diego-based company said in a news release and securities filing that its board of directors on Sunday had ousted Mr. Hou, who was also the board chairman and chief technology officer.
TuSimple, partly owned by UPS, makes self-driving trucks, a technology that may be among the innovations to help lower longer-run inflation in the transport sector. Self-driving truck startup TuSimple has fired its CEO, Xiaodi Hou, after an internal investigation found improper dealings and possible tech transfer to a Chinese firm led by TuSimple's now-departed co-founder, the company said Monday. The San Diego-based startup's operations chief, Ersin Yumer, will serve as interim CEO and president while TuSimple's board of directors searches for a permanent successor. Those employees shared confidential information with Hydron before a non-disclosure agreement was signed, TuSimple said. Hydron was founded in 2021 by Mo Chen, a co-founder of TuSimple who had previously served as its executive chairman.
Newell Brands – Shares of Newell Brands, a consumer goods manufacturer, slipped 7.3%. Paramount Global –Shares of Paramount Global shed 3.6% after being downgraded by Wells Fargo Securities to underweight from equal weight. Meta Platforms – Shares of Meta Platforms fell 5.5%, leading declines in megacap technology stocks following disappointing earnings results last week. The firm has an equal weight rating on the stock. Amgen — The biopharma stock dipped 1.5% after Barclays downgraded Amgen to underweight from equal weight, saying investor enthusiasm ahead of an obesity drug update next week may be overdone.
Oct 30 (Reuters) - Self-driving truck startup TuSimple Holdings Inc (TSP.O) is being investigated by the FBI, U.S. Securities and Exchange Commission (SEC) and Committee on Foreign Investment about its relationship with China-backed Hydron Inc, the Wall Street Journal reported on Sunday. They are also trying to find out whether TuSimple shared intellectual property developed in the United States with Hydron and whether that action defrauded TuSimple investors by sending valuable technology to an overseas adversary, the newspaper said. A TuSimple spokesman told WSJ that the company isn't aware of any FBI or SEC investigations and that Hou has never been a Hydron employee or received payment from Hydron. TuSimple revealed in its IPO prospectus last year that its backer Chinese social media firm Sina Corp's investments in TuSimple had been put under review by the Committee on Foreign Investment in the United States (CFIUS). TuSimple and the SEC did not respond to a Reuters request for comment on the report.
Federal authorities have charged seven Chinese nationals over an alleged long-running harassment campaign to try and intimidate a U.S. resident into returning to China. “The United States will firmly counter such outrageous violations of national sovereignty and prosecute individuals who act as illegal agents of foreign states,” he added. Surveillance footage showed Guanyang An, left, and Weidong Yuan visited the victim's residence and took photographs of it, according to the indictment. “That same government sent agents to the United States to harass, threaten, and forcibly return them to the People’s Republic of China,” he added. In 2020, federal prosecutors arrested five people accused of trying to coerce Chinese citizens to go home.
WASHINGTON, Oct 20 (Reuters) - The United States unsealed criminal charges on Thursday against seven Chinese nationals accused of waging a surveillance and harassment campaign against a U.S. resident and his family, in a bid by the Chinese government to repatriate one of them back to China. Register now for FREE unlimited access to Reuters.com RegisterThe lead defendant, Quanzhong An, and his daughter were arrested on Thursday morning. The United States does not have an extradition treaty with China. The man and his son are identified only as "John Doe-1 and John Doe-2." As part of the plot, the defendants allegedly coerced a relative of the family to travel from China to the United States in a bid to convince John Doe-1 to return to the country.
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Три недели назад премьер-министр Великобритании Борис Джонсон напугал всех сообщением о новой мутации коронавируса. Самый удобный сайт, содержащий информацию о РНК коронавируса по всему миру, — Neхtstrain.org. Следующий нашумевший вариант вируса называется «Cluster 5», он был обнаружен в июне 2020 в Дании у людей, работающих с норками. Одно остается неизменным: изучение мутаций вируса помогает понять природу вируса и нашего иммунного ответа, что, в конце концов, позволит нам предположить, когда закончится вся эта история. Большинство главных мутаций коронавируса не делают его опаснее в плане тяжести заболевания, ведь вирусу не нужно, чтобы мы умирали быстрее.
Persons: , — nsp12, Hou, — N501Y, Асель Мусабекова, Жюль Оффман, Борис Джонсон, Болат Султанкулов, Ковид, Мухтар Садыков, Уханьский, У, Угур Шахин, Эмма Ходкрофт, Мухтар Organizations: Pfizer, Biontech, Университет, ЕНУ имя Л.Гумилева, Институт Пастера Locations: , Йорк, Великобритания, Страсбург, Франция, Париж, Саудовская Аравия, Ухань, Дания, Нидерланды, Южная Африка, Европа
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