Tag Archives: Defense

It’s Week 16, and Zach Wilson finally has his breakout NFL play.  The New York Jets rookie quarterback selected second overall in April’s draft hasn’t exactly taken the NFL by storm. But he flashed the athleticism that made him a dynamic prospect with a spectacular touchdown against the Jacksonville Jaguars on Sunday. He did so with his feet instead of his arm.  Wilson escapes pressure, embarrasses Jags defenders With New York facing third-and-5 near midfield in the first quarter, Wilson… Source link

Former Theranos CEO Elizabeth Holmes’ possible defense strategy claiming that her ex-boyfriend and former business partner abused her could benefit her in a high-stakes criminal fraud case, two legal experts told Yahoo Finance. Opening arguments begin Wednesday in a trial that could land her in prison for up to 20 years if she’s convicted of using her blood-testing startup to defraud investors and patients. “I think that [abuse claims] are a possible benefit to her in that if a jury is… Source link

Robinhood’s IPO is a little bit different. A handful of companies last year saw their share price surge as they made their debut in the public market. Last December, for example, Airbnb (ABNB) zoomed from an IPO price of $68 to $146 as its shares began trading. Buying shares in an IPO and capturing the initial “pop” is enticing, but regular investors typically can’t buy in (they’re usually reserved for institutional investors and wealthy investors). Regular folks have to wait until… Source link

The Education Department (ED) is discharging $500 million in student loan debt held by 18,000 borrowers who had been defrauded by now-defunct for-profit chain ITT Tech, a sign that the Biden administration is working to address the borrower defense backlog.  “Our action today will give thousands of borrowers a fresh start and the relief they deserve after ITT repeatedly lied to them,” Education Secretary Miguel Cardona said in a statement. “Today’s action is part of the Biden-Harris… Source link

Theranos founder Elizabeth Holmes exits Robert F. Peckham U.S. Courthouse with her attorneys after the first day of federal court hearings, in San Jose, California, U.S. May 4, 2021. REUTERS/Kate Munsch A battle over who ends up on the jury that decides the fate of former media darling and Silicon Valley entrepreneur, Elizabeth Holmes, is heating up in the months before her criminal trial is set to begin. In a motion filed Monday, federal prosecutors accuse Holmes’ of “gamesmanship” for… Source link

By Michael Martina WASHINGTON, June 3 (Reuters) – The Biden administration will issue a new executive order on Thursday that bans U.S. entities from buying or selling publicly traded securities for 59 Chinese companies with alleged ties to defense or surveillance technology sectors, senior administration officials said. The Treasury Department will enforce and update on a “rolling basis” the new ban list, which replaces one from the Department of Defense, the officials, noting the policy would… Source link

Bloomberg LG, SK Reach $1.8 Billion Settlement to End EV Battery Spat (Bloomberg) — Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two… Source link

In the most comprehensive statement yet from Deshaun Watson’s legal team, defense attorney Rusty Hardin revealed a few key components of what lies ahead in the legal battles between the Houston Texans quarterback and now 16 women who have filed civil lawsuits accusing him of sexual assault. Not only does Watson appear steadfastly dedicated to fighting the cases in a legal setting, Hardin published an affidavit from Watson’s business manager, Bryan Burney, alleging that one of the accusers… Source link

There are many critics of corporate stock buybacks, but Warren Buffett is certainly not one of them. In his latest annual letter to shareholders, the Oracle of Omaha revealed that his holding company, Berkshire Hathaway (BRK-A, BRK-B), had spent nearly $25 billion repurchasing class A shares. Buffett said the action “demonstrated our enthusiasm for Berkshire’s spread” of vast holdings, which include major companies like Apple (AAPL), Bank of America (BAC), Coca-Cola (KO) and Merck ( Source link

The Biden Administration is invoking the Defense Production Act (DPA) to increase manufacturing of existing vaccines, a move that could help expand limited supplies and get more vaccinations sites up and running. But the idea that any company, even another pharmaceutical company, can simply start producing the vaccines is easier than it sounds, according to some experts. “One of the delusions I think people have is the idea that the Defense Production Act … you can’t do that with… Source link