CLJ

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors

Leave a Comment / Business / By

Nov 16 (Reuters) – U.S. crypto investors have sued FTX founder Sam Bankman-Fried and several celebrities who promoted his exchange, including NFL quarterback Tom Brady and comedian Larry David, claiming that they had engaged in deceptive practices to sell FTX yield digital currency accounts. The proposed class action lawsuit filed Tuesday night in Miami alleges …

Bankman-Fried, Tom Brady and Other FTX Celebrity Promoters Sued by Crypto Investors Read More »

Roche's Alzheimer's drug fails in long-awaited trial

Roche’s Alzheimer’s drug fails in long-awaited trial

Leave a Comment / Business / By

Trials show small benefit, but without statistical validity Roche setback leaves Biogen and Eisai as leaders in the field It’s up to Roche’s CEO-designate to revive development fortunes Roche shares down 3.4%, its development partner Morphosys down 29% Nov 14 (Reuters) – Roche’s (ROG.S) Alzheimer’s drug candidate has not been shown to slow the progression …

Roche’s Alzheimer’s drug fails in long-awaited trial Read More »

Lula's honeymoon with the markets ends amid spending plan fears

Lula’s honeymoon with the markets ends amid spending plan fears

Leave a Comment / Markets / By

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s short-lived honeymoon with the markets appeared to end on Thursday as investors grew impatient with his desire to increase social spending without setting rules long-term budgets or appointing its main economic decision-makers. Brazil’s currency and the benchmark Bovespa (.BVSP) stock index both surged …

Lula’s honeymoon with the markets ends amid spending plan fears Read More »

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

Leave a Comment / Business / By

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto Read More »

As Musk Focuses On Twitter, His $56 Billion Tesla Salary Is On Trial

As Musk Focuses On Twitter, His $56 Billion Tesla Salary Is On Trial

Leave a Comment / Business / By

WILMINGTON, Del., Nov 7 (Reuters) – As Elon Musk is engulfed in his redesign of Twitter, the entrepreneur is heading for a lawsuit to defend his record $56 billion Tesla Inc salary against allegations that he enriches him unjustly without requiring his full-time presence with the builder. A Tesla shareholder TSLA.O is seeking to rescind …

As Musk Focuses On Twitter, His $56 Billion Tesla Salary Is On Trial Read More »