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☆ FTX's Sam Bankman-Fried bought Robinhood stock using hundreds of millions of dollars from his trading firm Alameda Research
▼ + stars: | 2022-12-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Disgraced FTX founder Sam Bankman-Fried took funds from his trading firm, Alameda Research, to buy Robinhood stock, court documents shows. Later, Alameda took out a loan and pledged those same shares as collateral, CoinDesk reported. Later, Alameda took out a loan and pledged those same shares as collateral, CoinDesk said. Now-bankrupt BlockFi alleged that it has rights to the Robinhood shares based on deals Bankman-Fried agreed to in November, a separate court document shows. The development is the latest example to come to light of how the finances of FTX, Alameda and other pieces of Bankman-Fried's empire were entangled.

☆ During the holidays, the ER does far more than what it is meant to do
▼ + stars: | 2022-12-23 | by ( Dr. Owais Durrani | Dr. Owais Durrani Is An Emergency Medicine Physician In Houston | Tx. Dr. Durrani Has A Background In Political Science | ) www.nbcnews.com time to read: +6 min

Patients’ ER experiences typically consist of long wait times, and that naturally leads to frustration and a frequent misunderstanding that nothing is being done or that they are being diagnosed improperly. The truth is our emergency departments have had to take on a lot more than that, serving as the safety net of the country’s entire health care system. You’ve heard this over and over — our health care system is broken. We have lost valuable physicians, nurses, respiratory therapists and other vital members of the health care system. We have a very different health care system and training of physicians than those countries.

☆ The real revelation from the ‘Twitter Files’: Content moderation is messy
▼ + stars: | 2022-12-14 | by ( Clare Duffy | ) edition.cnn.com time to read: +8 min

The releases so far have focused on some of the social media company’s most high-profile, and controversial, content moderation decisions. The Twitter Files reports appear aimed at calling into question the integrity of Twitter’s former leadership and riling up the right-leaning user base that new owner Elon Musk has increasingly courted. But outside of Musk’s core base, reaction to the Twitter Files, which provide little new insight into the company’s policy and decision-making, has been largely muted. The “Twitter Files” threads appear to have been written “with a very clear agenda,” the former executive said. Still, the Twitter Files reports show just how many of the company’s employees and teams were involved in the deliberations over difficult content decisions.

☆ Oil steadies after falls as weak economy offsets supply risks
▼ + stars: | 2022-12-12 | by ( Dmitry Zhdannikov | ) www.reuters.com time to read: +2 min

China, the world's biggest crude oil importer, continued to loosen its strict zero-COVID policy, though streets in the capital Beijing remained quiet and many businesses stayed shut over the weekend. UBS said it believed Brent should recover to above $100 per barrel in the coming months amid supply constraints and rising demand while OPEC+ would keep supply tight. On Sunday, Canada's TC Energy (TRP.TO) said it had not yet determined the cause of the Keystone oil pipeline leak last week in the United States. "The emergent EU embargo on Russian crude... may add moderate upside energy price risks in the next few months. But supply uncertainty should ease by spring 2023, after the embargo on oil products (on Feb.5) plays out," Deutsche Bank said in a note.

Brent crude futures were down 38 cents, or 0.4%, at $75.72 a barrel by 0900 GMT. China, the world's biggest crude oil importer, continued to loosen its strict zero-COVID policy, though streets in the capital Beijing remained quiet and many businesses stayed shut over the weekend. UBS said it believed Brent should recover to above $100 per barrel in the coming months amid supply constraints and rising demand while OPEC+ would keep supply tight. On Sunday, Canada's TC Energy (TRP.TO) said it had not yet determined the cause of the Keystone oil pipeline leak last week in the United States. "The emergent EU embargo on Russian crude... may add moderate upside energy price risks in the next few months.

☆ Oil up $2 a barrel on supply risks amid ongoing Keystone outage
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: +3 min

U.S. West Texas Intermediate crude settled at $73.17 a barrel, rising $2.15, or 3%. The potential of a prolonged outage of TC Energy Corp's Canada-to-U.S. Keystone crude oil pipeline helped turn prices around. Traders worried about how long it would take to clean up and restart the Keystone oil pipeline after more than 14,000 barrels of oil leaked last week, the largest U.S. crude oil spill in nearly a decade. The outage is expected to shrink supplies at the Cushing, Oklahoma storage hub, and delivery point for benchmark U.S. crude oil futures. "The emergent EU embargo on Russian crude... may add moderate upside energy price risks in the next few months.

☆ U.S. FDA grants priority review for Emergent's OTC opioid drug
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

Companies Emergent BioSolutions Inc FollowDec 6 (Reuters) - Contract drugmaker Emergent Biosolutions (EBS.N) on Tuesday said its over-the-counter nasal spray as a treatment for suspected opioid overdose would be reviewed on a priority basis by the U.S. health regulator. Emergent is seeking the U.S. Food and Drug Administration's approval for a prescription-free sale of its nasal spray, Narcan, which is already cleared for the treatment of opioid overdose in the country. If approved following the agency's priority review by March 29, the spray could become the first naloxone-based drug to be sold over the counter. The worsening opioid crisis has prompted U.S. President Joe Biden's administration to develop newer strategies, including the use of naloxone. Reporting by Bhanvi Satija and Khushi Mandowara in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. FDA to review Emergent's OTC opioid overdose drug on priority
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +2 min

Dec 6 (Reuters) - Contract drugmaker Emergent Biosolutions (EBS.N) said on Tuesday its over-the-counter nasal spray as a treatment for suspected opioid overdose would be reviewed on a priority basis by the U.S. health regulator. Emergent is seeking the U.S. Food and Drug Administration's approval for a prescription-free sale of its nasal spray, Narcan, which is already cleared for the treatment of opioid overdose in the country. The agency will make its decision by March 29 and its priority review status puts Narcan on track to become the first naloxone-based drug to be sold over the counter, Benchmark analyst Robert Wasserman said. If approved, Narcan could face competition from generic versions of the drug, pressuring margins for Emergent, Cowen analyst Boris Peaker said. Rival Opiant Pharmaceuticals' (OPNT.O) drug nalmafene is also under the FDA's review and could pose additional risk to Narcan sales, as it provides better protection against an opioid overdose, Peaker added.

☆ Elon Musk's 'amnesty' pledge brings back QAnon, far-right Twitter accounts
▼ + stars: | 2022-12-02 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Brandy-Zadrozny-Circle-Byline-Template.Jpg | Brandy Zadrozny | ) www.nbcnews.com time to read: +12 min

A “general amnesty” has restored hundreds of accounts of right-wing activists and QAnon adherents, according to data reviewed by NBC News. The reinstatement of far-right accounts has coincided with a series of bans of left-wing accounts, leaving users unsure of how the company is now applying its rules. It’s a dangerous combination.”The reinstatements and bans come as researchers continue to monitor an uptick in hate speech, and high-profile users leave the platform. Among the spammers, copyright rule-breakers, adult-content creators and high-profile accounts, Twitter has reopened the door to a growing and emboldened community of trolls, white nationalists, conspiracy theorists and extreme right-wing activists. Those reinstatements also come after Twitter dramatically reduced its staff, including those dedicated to dealing with abuse and hate speech.

☆ Bankrupt BlockFi has launched a lawsuit to get Sam Bankman-Fried to reportedly hand over Robinhood shares
▼ + stars: | 2022-11-29 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

BlockFi has sued Emergent Fidelity Technologies to recover stock pledged as collateral for a loan. The crypto lender says it wants Sam Bankman-Fried's holding company to hand over the shares. The collateral is Robinhood stock and the borrower was Alameda Research, the FT reported. Meanwhile, loan documents seen by the FT showed the collateral pledged was Bankman-Fried's stake in Robinhood, the FT report said. He was trying to sell his Robinhood shares after Emergent entered the agreement with BlockFi, the FT reported, citing two people familiar with the matter.

☆ Bitfront: The crypto winter claims another casualty after FTX's collapse
▼ + stars: | 2022-11-29 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

New Delhi CNN Business —Bitfront, a crypto exchange backed by Japanese social media app Line, is shutting down after failing to overcome turmoil in the industry. The announcement by the US-based exchange comes at a time when the market for digital assets is grappling with financial contagion unleashed by the spectacular collapse of another crypto exchange, FTX. Its decision to shut down the exchange came on the same day crypto lender BlockFi filed for bankruptcy. BlockFi, founded in 2017 by Zac Prince and Flori Marquez, made loans to customers using crypto assets as collateral. Shortly after filing for Chapter 11, BlockFi filed a lawsuit against FTX founder Sam Bankman-Fried’s Emergent Fidelity Technologies, demanding he turn over collateral that BlockFi claims it is owed.

☆ BlockFi sues a Bankman-Fried company to recover Robinhood shares
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - Cryptocurrency lender BlockFi Inc has sued a holding company for FTX founder Sam Bankman-Fried, seeking to recover shares in Robinhood Markets Inc (HOOD.O) pledged as collateral three weeks ago, before BlockFi and FTX filed for bankruptcy protection. BlockFi in a complaint filed on Monday in New Jersey bankruptcy court said Emergent Fidelity Technologies Ltd has defaulted on its obligations under a Nov. 9 pledge agreement. Emergent guaranteed the repayment of obligations of Alameda Research Ltd, the crypto hedge fund affiliated with FTX, according to court documents. Emergent holds a 7.42% share of Robinhood, according to Eikon data. Reporting by Jonathan Stempel in New York; Editing by Mark Porter and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ The only thing Elon Musk understands about Twitter is how to kill it
▼ + stars: | 2022-11-21 | by ( Adam Rogers | ) www.businessinsider.com time to read: +15 min

Biologists, anthropologists, and information theorists do think that social networks, like Musk's bird app, show at least some signs of being flocks. "Elon's tweet is basically espousing the invisible hand of social behavior," Bak-Coleman says. In this construction, a social network might have become a collective superintelligence, had capitalists left it to its — our? Under Musk, Twitter has entered the dance-off phase. I'll be sad if the Twitter superintelligence starts singing a Kubrickian cover of "Daisy" and implodes into a pile of melting isolinear chips.

The Food and Drug Administration is pushing for drugmakers to apply for over-the-counter approval for naloxone, the opioid overdose antidote. Naloxone is only offered as a prescription, though many states have found work-arounds to make the drug easier to get. By making the medication available over the counter, it removes stigma, said Dr. Scott Hadland, an addiction specialist at Mass General for Children in Boston. Nearly 20,000 deaths from overdose, between 1999 and 2020, have been prevented by the self-administering of naloxone, according to the FDA. The FDA noted that over-the-counter naloxone will not divert supplies away from community-based naloxone distribution programs and hospitals.

☆ Donald Trump launched a third bid for president at a time when his legal troubles have never been worse
▼ + stars: | 2022-11-16 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +10 min

Trump announced his 3rd presidential bid in the same place that federal agents view as a suspected crime scene. With midterms over, the Justice Department could soon signal its next steps. The Justice Department has pursued its investigations undeterred by Trump's signaling plans for a third presidential bid, and his formal campaign launch will not protect him. The Justice Department could soon signal its next steps. Ahead of the midterms, Republicans warned that they would wield committees to mount oversight investigations and grill the Justice Department and FBI about investigations involving Trump.

CNN —Even before their daughter was born in June, Aaron and Helen Chavez knew she would need heart surgery. Data reported to the US government shows that as of Friday, more than three-quarters of pediatric hospital beds and 80% of intensive care beds for kids are full. Federal data shows that the strain on hospital beds for kids began in August and September, which is right around the start of the school year in many areas. It may also mean children who have chronic conditions and need procedures or hospital care, but whose conditions are stable, may have to wait. She was very thin for a baby,” Aaron said.

☆ 'Bogus,' 'ridiculous,' and 'made-up crap': DOJ veterans throw cold water on Trump's claim that he 'sent in the FBI' to help Ron DeSantis
▼ + stars: | 2022-11-11 | by ( Sonam Sheth | C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

DOJ veterans shot down Trump's claim that he "sent in" the FBI to help Ron DeSantis win the 2018 Florida gubernatorial race. The feds are now investigating if "Stop The Steal" protests surrounding the 2018 Florida election served as a roadmap for the Capitol riot. But in another post, Trump went beyond simply relitigating the 2018 election to making a new, remarkable claim about his past support for DeSantis. It prompted eye-rolling, and with some, public denials that the Justice Department and FBI ever investigated 2018 election fraud at Trump's behest. Activities surrounding the 2018 Florida elections have attracted federal scrutiny — but not for the reasons the former president spouted off about on social media.

☆ Inflation dampens festive spirit as German retail faces slump
▼ + stars: | 2022-11-10 | by ( Rachel | ) www.reuters.com time to read: +3 min

BERLIN (Reuters) - German shoppers are tightening their purse strings this festive season, the HDE retail association warned on Thursday, forecasting the strongest slump in Christmas sales since 2007 as double-digit inflation weighs on consumer purchasing power. REUTERS/Michele Tantussi/File PhotoIn price-adjusted terms, retail sales in the crucial November-December period are forecast to drop by 4% year on year, the HDE said. The HDE’s survey of 500 companies found that a little more than half expected this Christmas sales period in Germany to be worse than last year, while 21% feared it would be considerably worse. In nominal terms, sales are expected to rise 5.4% year on year in the final two months of 2022, the association said. However, Genth warned that economic difficulties could deny German retailers the luxury of being able to offer discounts.

Progress since has been patchy, with only a few countries instituting more aggressive policies on deforestation and financing. Among the new sources of financing, Germany said it would double its financing for forests to 2 billion euros ($1.97 billion) through 2025. PRIVATE CASH PILES UPPrivate companies announced $3.6 billion in extra money. Other initiatives towards meeting the 2030 forest pledge also announced incremental progress at the opening of COP27. In September, the initiative announced standards that companies should follow to trace commodities and disclose links to deforestation.

“If I won the lottery, I’d do this for free because I have a passion for public health,” Bernstein said. I had to put other projects on hold to do pro bono work for the CDC. “If we want CDC to get better at fighting diseases, we need to stop tying their hands behind their back,” he said. A senior CDC official called it an “antiquated” system that “has not evolved over time.” The official spoke on the on the condition of anonymity so she could speak freely on the matter. ‘A real challenge to solve’The CDC is preparing a presentation to urge Congress it to fix this, Walensky said.

☆ Managing up can protect your career in a recession. Here's a guide to managing your boss, according to organizational behavior experts.
▼ + stars: | 2022-09-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Definitions vary, but behavioral experts say it's about managing your relationship with your boss. Insider spoke to two behavioral experts who explained how it can protect your career in a recession. The thought of "managing" your boss might sound like a daunting task, but behavioral experts suggest that managing up can protect your career in a recession. Definitions of the phrase vary, but it's really about "managing the relationship that you have with your boss," according to Andy Molinsky, professor of organizational behavior at Brandeis International Business School. "I think the idea of managing your boss almost feels shocking," Molinsky said in an interview.

☆ Some jobs won't recover from the pandemic recession. It could be a good thing for workers.
▼ + stars: | 2022-09-17 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The US is back to record-high employment, but the labor market looks nothing like it did in early 2020. For starters, many in-person service sectors are still struggling to get back to the employment levels seen before the pandemic. Transit and ground passenger transportation, which includes school buses and public transit, is also still not back to pre-pandemic employment either. "I think overall, accommodation and the broader leisure and hospitality industry will return to pre-pandemic employment levels," Zhao said. The changing labor market could be good for workersThe labor market shakeup isn't necessarily a bad thing.

☆ Сотни жителей Нью-Йорка были привиты просроченной вакциной
▼ + stars: | 2021-06-14 | by ( Mld Media Srl | ) noi.md time to read: +1 min

В Нью-Йорке нескольким сотням жителей вкололи просроченную вакцину от коронавируса, разработанную компаниями Pfizer и BioNTech. Электронные письма с сообщением об инциденте 899 пациентам направил оператор пункта вакцинации на Таймс-сквер Дэвид Савицкий. По его информации, после вакцинации было установлено, что препарат хранился в морозильной камере дольше положенного до его введения времени. Ранее стало известно о возможном браке примерно 70 миллионов доз вакцины от коронавируса Janssen производства американской компании Johnson & Johnson, качество которой проверяет Управление по санитарному надзору за качеством пищевых продуктов и медикаментов США (FDA). Речь идет о вакцине, произведенной на заводе Emergent BioSolutions в городе Балтимор, штат Мэриленд.

Persons: Janssen Johnson, Johnson, Дэвид Савицкий, Савицкий Organizations: Pfizer BioNTech, New York Post, Управление по санитарному надзору за качеством пищевых продуктов и медикаментов Locations: New York, НьюЙорке, США, Балтимор, Мэриленд

☆ В США уничтожат 60 млн доз вакцины J&J
▼ + stars: | 2021-06-12 | by ( ) ehomd.info time to read: 1 min

В США выбросят 60 млн доз вакцины компании Johnson & Johnson. Так, уничтожению подлежит вся партия препарата, сделанная на заводе Emergent BioSolutions в Балтиморе. В то же время, около 10 млн доз с этого завода будет распространено в США или отправлено в другие страны. Как сообщает ведомство, оно предупредит регулирующие органы об отсутствии гарантий, что Emergent BioSolutions следовал надлежащей производственной практике. Судьбу еще 170 млн доз вакцины пока не решили.

Persons: Johnson Organizations: The New York Times, AstraZeneca, tv6 Locations: США, Балтимор

☆ Стало известно о возможном браке 70 миллионов доз вакцины Johnson & Johnson
▼ + stars: | 2021-05-07 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +1 min

Стало известно о возможном браке примерно 70 миллионов доз вакцины от коронавируса Janssen производства американской компании Johnson & Johnson, качество которой проверяет Управление по санитарному надзору за качеством пищевых продуктов и медикаментов США (FDA). Кроме американской вакцины, там производят препарат британско-шведской фирмы AstraZeneca. Партия Johnson & Johnson была произведена в то же время, что и загрязненная ранее партия. Ранее в апреле регуляторы США решили запретить использование вакцины Johnson & Johnson из-за тромбов у привитых. В начале апреля 15 миллионов доз вакцины Johnson & Johnson оказались испорченными из-за того, что сотрудники завода американской компании в Балтиморе допустили ошибку при смешении компонентов препаратов двух производителей.

Persons: Janssen Johnson, Johnson Organizations: AstraZeneca, Johnson, FDA, Moderna, Pfizer BioNTech, Управление по санитарному надзору за качеством пищевых продуктов и медикаментов, Всемирный конгресс вакцин, Спутник Locations: York, США, Балтимор, Мэриленд

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