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Sam Bankman-Fried says he 'never tried to commit fraud'

Sam Bankman-Fried says he ‘never tried to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, founder and former CEO of now bankrupt crypto exchange FTX, tried to distance himself from suggestions of fraud in his first public appearance since the collapse of his business. losses totaling billions of dollars. Speaking via video link at The New York Times Dealbook Summit with Andrew …

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Tesla safety at center of South Korean lawsuit over fatal crash

Tesla safety at center of South Korean lawsuit over fatal crash

SEOUL, Nov 21 (Reuters) – Two years ago, in an upscale Seoul neighborhood, a white Tesla Model X slammed into the wall of a parking lot. The fire accident killed a prominent lawyer – a close friend of the South Korean president. Prosecutors have charged the driver with manslaughter. He blames Tesla. Choi Woan-jong, who …

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

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

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 …

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Elon Musk trial opens to decide fate of his $56 billion Tesla salary

Elon Musk trial opens to decide fate of his $56 billion Tesla salary

WILMINGTON, Del, Nov 14 (Reuters) – A lawsuit opened on Monday over allegations by shareholders that Tesla CEO Elon Musk’s $56 billion pay package was rigged with easy performance targets and that investors were duped into approving it, with Musk expected to take a stand later this week. A Tesla shareholder TSLA.O hopes to prove …

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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

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 …

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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

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 …

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CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

CVS, Walmart and Walgreens agree to pay $13.8 billion to settle US opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N), Walgreens Boots Alliance Inc (WBA.O) and Walmart Inc (WMT.N) have agreed to pay around $13.8 billion to resolve thousands of lawsuits in the United States and locals accusing pharmacy chains of mishandling opioid painkillers, potentially bringing years of litigation close to the finish line. CVS said Wednesday …

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Exclusive: Tesla faces US criminal investigation over self-driving allegations

Exclusive: Tesla faces US criminal investigation over self-driving allegations

Oct. 25 – Tesla Inc (TSLA.O) is under criminal investigation in the United States for allegations that the company’s electric vehicles can drive themselves, three people familiar with the matter said. The US Department of Justice last year launched an undisclosed investigation into more than a dozen crashes, some of them fatal, involving Tesla’s Autopilot …

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