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The Latest Breaking News from SEC

German Insurer Allianz Agrees To $6B Fraud Settlement With US Authorities

German insurer Allianz SE (OTC:ALIZY) has agreed to a $6 billion settlement with U.S. authorities, the Financial Times reports. Allianz's investment arm will plead guilty to securities fraud after a scandal at its funds business left investors nursing billions of dollars worth of losses. The victims included teachers, clergy, bus drivers, and engineers,…

Benzinga

TechScape: How Musk and crypto bros get away with it

In this week’s newsletter: Just like Donald Trump’s political rise, Tesla’s CEO and firms like Tether win by simply not playing by the same rules as everyone else

The Guardian - UK

UST collapse hits digital asset market

The global cryptocurrency market saw its value plummet amid heavy sell-offs, with the collapse of TerraUSD (UST), one of the biggest stablecoins, sending shockwaves throughout the digital asset market.

Bangkok Post

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Elon Musk goes full chaos mode with Twitter takeover stuck in limbo

Musk is making every excuse known to man in the most performative way possible.

Input

All the twists and turns in the Musk-Twitter takeover saga

A full breakdown of Musk's remarks, tweets, discussions and dealings in his quest to buy Twitter.

Axios

ABC Announces Six 2022 College Football Primetime Games

The first two primetime games will take place on Saturday, Sept. 3.

Sports Illustrated

Scottish Labour leak confirms 'flexibility' over council deals with rival parties despite coalition ban

EXCLUSIVE: Anas Sarwar promised no coalitions with the SNP or the Tories in town halls during the campaign, but an internal document reveals scope for other types of arrangement.

Daily Record

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Elon Musk says Twitter deal "cannot move forward" unless spam questions are answered

Wall Street already believed Musk is trying to back out of the deal.

Axios

Checks and Balances: Tennessee lawmakers end judicial deference

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

In football-first world of college athletics, where does that leave ACC basketball?

FERNANDINA BEACH, Fla. — Almost five months after he became the fifth commissioner in ACC history, Jim Phillips stood in front of a crowded hotel banquet room in Charlotte and emphasized the single priority most critical to the league’s future. It was Phillips’ first major public appearance in his new…

Tribune News Service

Trump isn't allowed to post content unless it's hit Truth Social first

Not that he has access to any other social media right now, anyway.

Input

Why Are Akebia Therapeutics Shares Falling Today?

Akebia Therapeutics Inc (NASDAQ:AKBA) and Otsuka Holdings (OTC: OTSKY) separately announced to call for licensing and co-development agreement for vadadustat. Otsuka sent a written notice to Akebia on May 12 that the partnership had been terminated. Akebia said in an SEC filing filed Friday that the termination will go into effect in a year.…

Benzinga

Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing.

Benzinga

Miami native Deandre Johnson looks to take advantage of consecutive opportunities with UM, Dolphins

MIAMI — More than a year ago, Deandre Johnson got the opportunity to return home to Miami to play one final college season with the Hurricanes. Now, he gets his first crack at making an NFL roster with his hometown Dolphins.

Tribune News Service

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USA Today Sports Media Group

Former UGA football WR Matt Landers announces transfer destination

Former Georgia and Toledo football wide receiver Matt Landers has transferred for a second consecutive offseason.

Benzinga

George Soros' Fund Buys Up Nio And This US EV Stock, While Selling Entire Stake In These 2 Companies

Billionaire investor George Soros' Soros Fund Management has worked around with its electric vehicle portfolio in the first quarter, according to a 13F filing submitted to the SEC on Friday.

Benzinga

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

Benzinga

'You Are A Coward:' Dave Portnoy Calls Out Henry Blodget On Twitter Space

Dave Portnoy is known for his fiery personality on social media; if he is in an online feud, do not expect him to back down.

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news in one place.

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The Independent UK

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week

Benzinga

Which Chinese Firms Face Delisting From US Stock Exchanges?

Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.

Edinburgh Live

Edinburgh Council negotiations continue as parties call for Labour clarity

One week on from the election, parties have called on Labour to clarify if they're ruling out a new deal with the SNP so talks can progress - whilst one Labour insider accused the SNP and Greens of "holding stuff up" by not making their intentions clear.

USA Today Sports Media Group

Raiders RB Josh Jacobs named team’s most underrated player by PFF

Who is the most underrated player on the roster for the Las Vegas Raiders?

Fortune

Inside SoftBank’s side letter with Better CEO Vishal Garg

Documents show that Garg put his own personal fortune on the line and could face uncapped losses.

Benzinga

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

Instacart Confidentially Files For US IPO

Grocery delivery platform Instacart has confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC. The company was valued at $39 billion in March 2021, but the valuation got slashed by 40% to $24 billion due to technology stocks’ sell off in 2022, CNBC reported. The company got a major boost during…

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