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☆ Spain's Sanchez to Seek New Term as PM in Lower House on Nov. 16
▼ + stars: | 2023-11-13 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

MADRID (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. The prospect of the amnesty has brought thousands of opponents to the streets over the past week. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term.

Persons: Pedro Sanchez, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition Locations: MADRID, Catalan, Spain, Basque, Navarre

☆ Spain's Sanchez to seek new term as PM in lower house on Nov. 16
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera/File photo Acquire Licensing RightsMADRID, Nov 13 (Reuters) - Spain's acting Prime Minister Pedro Sanchez will seek to clinch a new term in a parliamentary vote on Thursday, the lower house speaker Francina Armengol said on Monday. The vote will follow a parliamentary debate scheduled to start at noon local time (1100 GMT) on Wednesday, she told reporters. Sanchez looks assured of winning a new term with an absolute majority of the 350-member assembly. After an inconclusive election on July 23, Sanchez's Socialist Party spent weeks negotiating with smaller parties, most of which had supported him in 2020 for his previous term. Reporting by Inti Landauro; Editing by David Latona and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

Persons: Pedro Sanchez, Andoni Ortuzar, Susana Vera, Francina Armengol, Sanchez, UPN's, Inti Landauro, David Latona, Andrew Cawthorne Organizations: Basque Nationalist Party, REUTERS, Rights, Junts, ERC, Sanchez's Socialist Party, Bildu, Canary Coalition, Thomson Locations: Madrid, Spain, Rights MADRID, Catalan, Basque, Navarre

☆ Salesforce appoints longtime executive Denise Dresser as Slack CEO
▼ + stars: | 2023-11-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Longtime Salesforce executive Denise Dresser has been appointed CEO of Slack, Salesforce co-founder and chief executive Marc Benioff announced Monday. Dresser becomes the third CEO of the Salesforce unit since it was acquired by Salesforce in 2020. She has been a Salesforce executive for more than 12 years, according to her company biography and LinkedIn profile, most recently as president of accelerated industries. Dresser will take the top job at Slack after its most recent CEO, Lidiane Jones, accepted the chief executive role at dating app Bumble earlier this month. Most notably, Slack founder Stewart Butterfield and Salesforce co-CEO Bret Taylor departed in the span of two weeks in December 2022.

Persons: Technology Denise Holland Dresser, Casey Hurbis, Shilpa Sharma, Denise Dresser, Slack, Salesforce, Marc Benioff, Dresser, Lidiane Jones, Jones, Bumble, Whitney Wolfe, Benioff, Denise, Arthur Andersen, Stewart Butterfield, Bret Taylor, Butterfield, — CNBC's Ari Levy, Jordan Novet Organizations: Communications, Media, Technology, Rocket, Boston Consulting, Salesforce, CNBC, University of Massachusetts Amherst, Oracle, Big Locations: Beverly Hills , California, Salesforce

Key to the agreement signed Thursday is a massively controversial amnesty that could benefit Puigdemont and thousands of other secessionists. Puigdemont is one of several Catalan leaders who fled justice after an illegal independence referendum was held in 2017. 1 for many Spaniards, and Catalan independence a politically toxic issue, some wonder why Sánchez, who has long opposed any amnesty, is now pushing for it. Those include the two pro-secession Catalan parties who led the unsuccessful 2017 breakaway attempt. A LEGAL QUAGMIREAny amnesty approved by Spain's Parliament is likely to be contested by the opposition parties and several courts in Spain.

Persons: — Spain's, Pedro Sánchez ’, Carles Puigdemont, Sumar —, Sánchez, Junts, QUAGMIRE, Didier Reynders, Spain’s, ___ Wilson Organizations: MADRID, Socialist, WHO, AMNESTY, Sánchez's Socialists, Forces, Popular Party, Vox, Police, Socialists, Junts, Basque Country, Court, European Union Locations: Catalunya, Catalonia, Spain, Spain's, Puigdemont, CATALONIA, Barcelona, Madrid, Basque, Navarra, Belgium

☆ Former Catalan politician shot in face in Madrid
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

[1/3] Police work at the site where Alejo Vidal-Quadras, former head of Spain's People's Party in the Catalonia region, was shot in the face, in Madrid, Spain, November 9, 2023. REUTERS/Nacho Doce Acquire Licensing RightsMADRID, Nov 9 (Reuters) - The former head of Spain's People's Party in the Catalonia region was shot in the face in Madrid on Thursday, police said. Alejo Vidal-Quadras was shot in the wealthy Salamanca area of central Madrid at about 1.30 p.m. and taken to hospital. Spanish police said they were hunting two men in connection with the shooting who were on a black Yamaha motorbike. Vidal-Quadras, 78, was the head of the centre-right PP in Catalonia and a member of the far-right Vox party.

Persons: Alejo Vidal, Quadras, Vidal, Pedro Sanchez, Graham Keeley, Angus MacSwan, Toby Chopra Organizations: Spain's People's Party, REUTERS, Rights, Yamaha, Vox, Police, Thomson Locations: Catalonia, Madrid, Spain, Rights MADRID, Salamanca, Quadras

☆ Alejo Vidal-Quadras: Former Catalan politician shot in the face in Madrid
▼ + stars: | 2023-11-09 | by ( Pau Mosquera | Al Goodman | ) edition.cnn.com time to read: +1 min

Madrid CNN —The former president of Spain’s Popular Party in Catalonia, Alejo Vidal-Quadras, was shot in the face in Madrid on Thursday afternoon, a spokesman for Spain’s Interior Ministry told CNN. “He has been taken conscious to the hospital, whilst National Police agents are investigating the facts”, the spokesman added. Vidal-Quadras is one of the founder members of the far-right party Vox, currently the third largest force in the lower house of Spanish parliament. “I would like to send my solidarity and wishes for a speedy recovery to Alejo Vidal-Quadras,” wrote Sanchez in a post on X. We hope the investigation can clarify the facts as soon as possible and those responsible will be arrested.”This is a developing story.

Persons: Alejo Vidal, Vidal, Quadras, Vox, Nacho Doce, Santiago Abascal, it’s, Pedro Sanchez, “, ”, Sanchez Organizations: Madrid CNN, Spain’s Popular Party, Spain’s Interior Ministry, CNN, National Police, Police, Reuters Vox Party, Spanish Locations: Madrid, Catalonia

☆ Spanish conservative politician shot in face in Madrid. Gunman escaped on a motorbike, reports say
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: +2 min

The Vice-President of the European Parliament Alejo Vidal-Quadras from Spain meets the media at the European Parliament in Brussels, Belgium, Tuesday Jan. 27, 2009. Veteran Spanish right-wing politician Alejandro Vidal-Quadras has been taken to a hospital in Madrid after being shot on a street in the capital, police said Thursday. After he broke away, he helped found the far-right Vox party. Vox President Santiago Abascal said he believed Vidal-Quadras' life wasn't in immediate danger. Popular Party President Alberto Núñez Feijóo deplored the shooting and wished for his recovery.

Persons: Alejo Vidal, Quadras, Tuesday Jan, Alejandro Vidal, EFE, Vidal, Mariano Rajoy, Vox, Santiago Abascal, Abascal, Alberto Núñez Feijóo, Pedro Sánchez, Sánchez, Quadras hasn't Organizations: Tuesday, Veteran Spanish, Police, Popular Party, Vox, Spanish Locations: Spain, Brussels, Belgium, Madrid, Spanish, Quadras, Catalonia, Kazakhstan, Kyrgyzstan, Uzbekistan

☆ Bumble founder and CEO to step down early next year, Slack chief executive to succeed her
▼ + stars: | 2023-11-06 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

DANA POINT, CALIFORNIA - SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media's 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media)Whitney Wolfe Herd, founder and CEO of the dating app Bumble , is stepping down from her role at the helm of the company early next year. She will be succeeded by Lidiane Jones, CEO of Salesforce's cloud-based messaging platform Slack, on Jan. 2, 2024, according to a company release Monday. She will transition to a new role as executive chair when Jones takes over as CEO. She added that she is "grateful to have the support of my colleagues at Slack and Salesforce."

Persons: POINT, Whitney Wolfe Herd, Bumble, Vox, Jerod Harris, Wolfe Herd, Lidiane Jones, Jones, Slack, Salesforce Organizations: The Ritz, Carlton, Getty, Vox Media, Microsoft, CNBC PRO Locations: CALIFORNIA, Laguna Niguel, Dana Point , California

The clashes led to chaotic scenes of people running amid smoke and trash containers thrown in the streets, Reuters video footage showed. Around 4,000 people attended the protest - including Spain's far-right party Vox leader, Santiago Abascal - and at least one person was detained, according to local media reports. The Socialists are reportedly nearing their negotiations with Puigdemont's party, Junts, while the proposed law has been fiercely criticized by conservative parties and judges who accuse Sanchez of jeopardizing the rule of law. The protest was organised by a Spanish nationalist grassroots organization and smaller protests took place in other Spanish cities such as Barcelona. "To attack the PSOE offices is to attack democracy and all those who believe in it," Sanchez posted on X, using the Socialist Party acronym in Spanish.

Persons: Pedro Sanchez, Catalonia's, Santiago Abascal, Sanchez, Carles Puigdemont, Puigdemont Organizations: Spanish, Spain's Socialists Party, PSOE, Socialist Party, TVE, Police, Socialist, El, Socialists, Thomson Locations: Madrid, Spain, MADRID, El Pais, Spanish, Barcelona

☆ Noah Kahan’s Rootsy Rock Revival
▼ + stars: | 2023-11-03 | by ( ) www.nytimes.com time to read: +1 min

Noah Kahan’s song “Stick Season” currently sits at No. But it’s more remarkable because “Stick Season” is the title track of an album released just over a year ago. That success arrives a few years into Kahan’s career, which began with more straight-ahead pop and shifted into rootsier territory during the pandemic. He inflects his songs with bits of Vermont attitude and lore, and has collaborated with Zach Bryan and Kacey Musgraves. On this week’s Popcast, a conversation about how Kahan’s niche stardom has given way to pop acclaim, how Vermont figures into his songwriting and sound, and how he revisits the rustic mainstream rock of the early 2010s.

Persons: Noah Kahan’s, Kahan, Zach Bryan, Kacey, Rebecca Jennings, Vox Jason Lipshutz, Jon Caramanica Organizations: Billboard, Facebook, Twitter Locations: rootsier, Vermont

☆ SBF's conviction is the final nail in the coffin for crypto bros hoping to get rich quick
▼ + stars: | 2023-11-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried was found guilty of all seven charges against him. AdvertisementAdvertisementA New York jury took less than five hours on Thursday to find Sam Bankman-Fried guilty of all seven charges the FTX founder faced. Now facing up to 110 years in prison, SBF's conviction marks the final nail in the coffin for the coterie of crypto bros who got rich quick. Bankman-Fried also testified he believed regulation would help give FTX a competitive edge over rival crypto exchange Binance. That complaint includes one especially damning exchange, in which the SEC alleges Binance's chief compliance officer said:"we are operating as a fking unlicensed securities exchange in the USA bro."

Persons: Sam Bankman, Fried, Crypto's, —, Renato Mariotti, that's, it's, SBF, Binance's, There's, Kwon, Luna, Elon Musk's, Joe Biden's Organizations: Service, bros, BlackRock, DMs, Securities, Exchange Commission, Binance, SEC, New York Magazine Locations: York, Japan, Washington, Binance, USA

☆ Amazon used an algorithm to secretly prompt rival sites to raise prices, FTC alleges in antitrust lawsuit
▼ + stars: | 2023-11-02 | by ( Associated Press | ) www.businessinsider.com time to read: +5 min

The FTC says Amazon used a tool to predict where it can raise prices and have rival sites follow suit. The company used it to predict where it can raise prices and have other shopping sites follow suit. Amazon activated the algorithm to raise prices on some products, and when other sites followed its lead, it kept the elevated prices in place, the agency said. The agency said Amazon deployed Project Nessie in 2014 and has turned it on and off at least eight times between 2015 and 2019. In 2018 alone, Amazon used the algorithm to set prices for items that were viewed more than 400 million times by shoppers, according to the complaint.

Persons: —, Tim Doyle, Doyle, Jason Del Ray, Nessie, Jeff Bezos Organizations: Federal Trade Commission, Amazon, FTC, Service, Wall Street Journal, Nessie

The FTC's excerpts say the tool - codenamed “Project Nessie” - has been used by Amazon to pinpoint products that will allow it to rake in more cash. The company used it to predict where it can raise prices and have other shopping sites follow suit. Amazon activated the algorithm to raise prices on some products, and when other sites followed its lead, it kept the elevated prices in place, the agency said. The agency said Amazon deployed Project Nessie in 2014 and has turned it on and off at least eight times between 2015 and 2019. In 2018 alone, Amazon used the algorithm to set prices for items that were viewed more than 400 million times by shoppers, according to the complaint.

Persons: Tim Doyle, ” Doyle, Jason Del Ray, Nessie, Doyle, “ Nessie, Jeff Bezos Organizations: Federal Trade Commission, FTC, Amazon, Wall Street Journal, Nessie

“The longer-form videos on YouTube are actually in decline year over year,” Mr. Lynch said. Some invested heavily in building in-house studios or bought them, as Vox Media did when it acquired the film and TV producer Epic in 2019. Perhaps the most ambitious of these studios was Condé Nast Entertainment, a prominent division within Condé Nast in charge of developing articles from publications such as The New Yorker, Wired and Vanity Fair — intellectual property, in Hollywood parlance — into major motion pictures and TV shows. “Cat Person,” a film based on a viral New Yorker short story that explores uncomfortable relationship dynamics, premiered at the Sundance Film Festival this year. And online viewership is increasingly shifting to platforms like TikTok and YouTube, where shorter content is king and monetization elusive.

Persons: ” Mr, Lynch, Condé Nast, Dawn Ostroff, Agnes Chu, David Grann, Robert Redford Organizations: YouTube, Hollywood, Vox Media, Condé Nast Entertainment, Yorker, Wired, CW, Spotify, Disney, Sundance, Globe Locations: ”, Condé, Hollywood

☆ Sam Bankman-Fried defense rests in criminal trial, closing arguments kick off Wednesday
▼ + stars: | 2023-10-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

FTX Founder Sam Bankman-Fried leaves Manhattan Federal Court after a court appearance on June 15, 2023 in New York City. When he asked his deputies about the hole, Bankman-Fried testified that they "told me they were busy and I should stop asking questions because it was distracting." Bankman-Fried testified that he was growing frustrated with regulators and skeptical about what they were doing. After the mid-morning break, Cohen asked Bankman-Fried to clarify a few things. WATCH: FTX founder retakes stand

Persons: Sam Bankman, Michael M, Danielle Sassoon, Sassoon, Bankman, Philip Davis, Fried, he'd, Ryan Salame, Matias J, Mark Cohen, Cohen, Vox, hadn't, wasn't, Jane Rosenberg, —, Dawn Giel, retakes Organizations: Santiago, Getty, Alameda Research, U.S, Bahamian, Heat, Ocner, Miami Herald, Tribune, Service, Reuters, Washington , D.C Locations: Manhattan, New York City, Bahamas, FTX, Miami, Miami , Florida, U.S, Alameda, Bankman, Washington ,

☆ Opinion | If Not This, Then What Should Israel Do?
▼ + stars: | 2023-10-31 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +1 min

“Two things are true: Israel must do something, and what it’s doing now is indefensible.” So writes Zack Beauchamp, a senior correspondent at Vox. Almost a month has passed since Hamas fighters slaughtered over 1,400 people in Israel and the state mounted its furious response. If Israel continues down this road, the cost in Palestinian lives, and in support for Israel, will be immense. Beauchamp, who has covered Israel extensively in recent years, set out to answer that question. I found his piece “What Israel Should Do Now” one of the best I’ve read since Oct. 7.

Persons: Zack Beauchamp, Israel, “, Ezra Klein, Beauchamp Organizations: Vox, Apple, Spotify, Amazon Music, Google, Times Locations: Israel, Gaza

☆ Sam Bankman-Fried blames top lieutenants for FTX troubles in second day of testimony in criminal trial
▼ + stars: | 2023-10-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +10 min

The market had already dropped 70% and if it fell another 50%, he was afraid the firm would be insolvent, Bankman-Fried told the jury. In describing the swift downfall of FTX, Bankman-Fried said that customer withdrawals had quickly increased from $50 million a day to $1 billion a day. For example, Sassoon asked Bankman-Fried if he assured people that Alameda played by the same rules as others on the FTX exchange. Sassoon asked Bankman Fried, "Would you agree you know how to tell a good story?" Sassoon asked.

Persons: Sam Bankman, Fried, Kyle Mazza, FTX, Mark Cohen, Caroline Ellison, Ellison, Gary Wang, Nishad Singh, Singh, Sun, Jane Rosenberg, Renato Mariotti, Bryan Cave Leighton Paisner, Mariotti, Danielle Sassoon, I'm, Sassoon, Bankman, Crypto, wasn't, Bankman Fried, Vox, he's, Alameda, —, Dawn Giel Organizations: Court, Anadolu Agency, Getty, Alameda Research, Alameda, Bloomberg, Apollo, Reuters, U.S . Justice Department's Securities, Commodities, CNBC, U.S, PR Locations: New York City, Alameda, New York, U.S, Chicago

LOS ANGELES (AP) — Taylor Swift’s reimagined “1989” is here, the album that ushered in the first Peak Swift era — revisited at the height of her massive pop culture dominance. Swift had shed the Nashville country roots of her first four studio albums and announced herself a full-fledged pop superstar. In 2014, that was Swift finding her pop sound with “1989.”In 2023, it’s becoming the most successful version of herself, and rereleasing “1989 ” while on the top of her game. She’s moved to NYC; she’s working with new people; she’s making synth pop. In 2023, Swift is more famous now than she was then, and she's still engaging with her celebrity in a very public way.

Persons: — Taylor, Swift, “, Swift —, Jack Antonoff —, —, Scooter Braun’s, it’s, Travis Kelce, Brittany Spanos, who’s, haven’t, Rebecca Jennings, ”, rereleasing, Spanos, New York University’s, Davis, Janet Jackson’s, Christina Aguilera’s “, Swift’s, She’s, Rachel Brodsky, couldn’t, ” Brodsky, Shania Twain, LeAnn Rimes, Brodsky, Kacey Musgraves, Maren Morris, Olivia Rodrigo, She’d, Beyoncé, Katy Perry, Taylor, Kanye, Drake, Kendrick Lamar, she's, Jennings, Taylor Swift’s, Blake Lively, Sophie Turner, Selena Gomez, she’s, Harry Styles —, ” Spanos, what’s Organizations: ANGELES, NFL, Kansas City Chiefs, Vox, New York, Davis Institute Locations: Nashville, New York, New, NYC, Buenos Aires, Argentina

☆ X CEO Linda Yaccarino Says Platform Should Turn Profit Next Year
▼ + stars: | 2023-10-26 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

X CEO Linda Yaccarino Says Platform Should Turn Profit Next YearThe CEO of X, formerly known as Twitter, said the social media platform is “just about break even” and should turn a profit by early 2024. Linda Yaccarino also defended company owner Elon Musk’s freedom of speech. Photo: Jerod Harris/Getty Images for Vox Media

Persons: Linda Yaccarino, Elon Musk’s, Jerod Harris Organizations: Twitter, Getty, Vox Media

☆ One Year On, Twitter Continues to Burn a Hole Through Bank Balance Sheets
▼ + stars: | 2023-10-25 | by ( Alexander Saeedy | Cara Lombardo | ) www.wsj.com time to read: 1 min

The CEO of X, formerly known as Twitter, said the social-media platform is ‘just about break even’ and should turn a profit by early 2024. Photo: Jerod Harris/Getty Images for Vox MediaThe banks that financed Elon Musk’s $44 billion purchase of Twitter are still struggling a year later to contain the damage to their balance sheets. Seven banks including Morgan Stanley , Bank of America and Barclays lent Musk around $13 billion to buy Twitter a year ago this coming Friday. Under normal circumstances, they would have unloaded the debt to Wall Street investment firms soon thereafter. But investor appetite for Twitter, which Musk has since renamed X, has cooled since the billionaire took over, forcing the banks to hold the debt on their own balance sheets at a discounted value.

Persons: Jerod Harris, Morgan Stanley, Musk Organizations: Twitter, Getty, Vox Media, Elon Musk’s, Bank of America, Barclays, Wall Locations: Wall Street

☆ 4 small-business owners who swear by podcast interviews explain why they're a marketing strategy worth prioritizing
▼ + stars: | 2023-10-25 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

Insider talked with small-business owners to find out how to make the most of podcast interviews for marketing. Share your story instead of sellingGlogovac said you shouldn't go into podcast interviews with the mindset of pitching your product or service. Gunn likes to alternate between doing podcast interviews and writing online articles about similar topics to give customers multiple touchpoints. D'Angelo links to some of her favorite podcast interviews on the services page of her website, in part because it helps create warmer leads. Get yourself out there on a regular basisIt's important to give podcast interviews time — and do them consistently — to see results.

Persons: SBOs, —, Paul Gunn Jr, Michelle Glogovac, Lisa Haukom, Glogovac, Bryan Clayton, he's, Clayton, Gunn, Candice D'Angelo, Halle Alessia, D'Angelo Organizations: Small, Service, Kuog Inc, Vox Media, Halle Locations: Alabama, Florida

☆ Mired in economic crisis, Argentines weigh whether to hand reins to anti-establishment populist
▼ + stars: | 2023-10-22 | by ( ) www.cnbc.com time to read: +6 min

Argentines were going to the polls Sunday, as frustrated voters weigh handing the presidency to an anti-establishment, right-wing populist who has shaken up the political system and pledges to drastically overhaul the state. "Argentina is in for a wild ride," Benjamin Gedan, director of the Latin America program at the Washington-based Wilson Center, said. Whatever the results, Milei has already inserted himself and his libertarian party into a political structure dominated by a center-left and a center-right coalition for almost two decades. Argentines were also buying dollars and removing hard currency deposits from banks as the peso accelerated its already steady depreciation. That message resonated among many Argentines who watched their economic prospects wither under successive administrations in which both Massa and Bullrich served.

Persons: Javier Milei, Donald Trump, Benjamin Gedan, Milei, Patricia Bullrich, Sergio Massa, Massa, Bullrich, Ignacio Cardozo, Cristian Ariel Jacobsen, Jair, Eduardo, Tucker Carlson admiringly, Daniel Noboa Organizations: U.S ., America, Wilson Center, Former, Economy, Massa, Vox, Fox News, Trump Locations: Argentina, Washington, South, Buenos Aires, Ecuador

☆ Sam Bankman-Fried trial jury sees his profane message about regulators
▼ + stars: | 2023-10-18 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

It was one of several private messages that Bankman-Fried sent to a reporter for the news website Vox on Twitter, the social media platform now called X, that the defense sought to keep away from the jury during the trial in Manhattan federal court. In the trial, which began on Oct. 3, Bankman-Fried stands accused of looting billions of dollars in FTX customer funds to make investments, donate to U.S. political campaigns and prop up his hedge fund, Alameda Research. In one of the messages, Bankman-Fried told the reporter, "fuck regulators" and quickly added in another message, "they make everything worse." Bankman-Fried wrote that his prior statements in favor of regulating cryptocurrency were "just PR," meaning public relations. Reporting by Luc Cohen in New York; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Andrew Kelly, Fried, Vox, Danielle Sassoon, Christian Everdell, Luc Cohen, Will Dunham Organizations: FTX, Manhattan, REUTERS, Twitter, Alameda Research, Prosecutors, Thomson Locations: New York City, U.S, Manhattan, New York

☆ More than 2 million people in Gaza are trapped in a humanitarian disaster
▼ + stars: | 2023-10-12 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +7 min

More than 2 million people live in the Gaza Strip, which is facing a punishing counterattack from Israel. Experts say Gaza is in the midst of a humanitarian crisis, and people are running out of basic supplies. The crisis is exacerbated by the fact that Gaza has been restricted under blockade for 16 years. So far, thousands have been killed or injured in the Palestinian territories of Gaza and the West Bank and in Israel. Groups are begging for the establishment of humanitarian corridors to bring in much-needed supplies to the trapped region.

Persons: —, António Guterres, Akshaya Kumar, Hamas —, Antony Blinken, John Kirby, Kirby, Kumar, Yoav Gallant, Gallant, Ivan Karakashian, they've, Ahmad Abuznaid, he's, Abuznaid, they're, Joe Biden, Israel, Blinken, Biden, Vox, that's Organizations: Experts, Service, Hamas, UN, World Health Organization, West Bank, Human Rights, CNN, White, Norwegian Refugee Council, US, Palestinian, State Department Locations: Gaza, Israel, Palestinian, Philadelphia, Egypt, of Israel, Jerusalem, Houston, Huwara, Jenin

Eventually, according to Ellison, Bankman-Fried chose the one that omitted a line saying "FTX borrows," hiding $10 billion in borrowed customer money. When asked by Sassoon why she continued with the scheme, Ellison said, "Sam told me to." She said Bankman-Fried told her she should have hedged and, "speaking loudly and strongly," said it was her fault. CEO Sam Bankman-Fried Bloomberg | Bloomberg | Getty ImagesEllison then went into her own emotional state. After all the movement of FTX money, the company only had $4 billion to cover $12 billion in customer holdings, she said.

Persons: Caroline Ellison, Yuki Iwamura, Sam Bankman, Saudi Crown Prince Mohammed bin Salman, Ellison, Fried, Danielle Sassoon, Genesis, Gary Wang, Nishad Singh, Bankman, FTX, Mark Cohen, District Judge Lewis Kaplan, Jane Rosenberg, Sassoon, Sam, Mohammed bin Salman, Jane Street, Slack, she'd, who'd, sloppily Organizations: Alameda Research, Bloomberg, Getty, Saudi Crown, U.S, District, Federal Court, Reuters, Stanford, Bankman, Wall, Alameda, New York Times, MBS, Vox, Forbes, Twitter, Toyota Corolla, Fried Bloomberg Locations: New York, Bankman, Alameda, FTX, New York City, U.S, San Francisco Bay, Saudi, Japan

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