(Bloomberg) — The parents and brother of alleged crypto fraudster Sam Bankman-Fried should be forced to answer questions and provide financial documents about their personal wealth and any money they may have gotten from FTX, the bankrupt firm he founded, lawyers said in a court filing. Most Read from Bloomberg FTX asked a judge for … Read more
(Bloomberg) — Tesla Inc. shares rose by double-digits after Elon Musk teased potential for the carmaker to produce 2 million vehicles this year and minimize the effects of drastic price cuts to its electric vehicles. Most Read from Bloomberg The EV market leader said it will increase output “as quickly as possible,” in line with … Read more
BANFF, ALTA. — Banff tourism officials are joining the call for better management of visitor traffic in the most heavily visited parts of the national park. In a document outlining its development plans for the next decade, Banff and Lake Louise Tourism says it wants to reduce damaging traffic bottlenecks through improved public transit and … Read more
Pop singer Billie Eilish has filed a request for a restraining order against the 39-year-old man accused of breaking into her parents’ Los Angeles home this month, court documents show. The order would protect herself, her parents and her brother, musician Finneas Baird O’Connell. Eilish, 21, said in a statement included with the request that … Read more
Shockwave Medical Inc (NASDAQ: ) has agreed to acquire Neovasc Inc (NASDAQ: ) for an upfront cash payment of $27.25 per share, corresponding to an enterprise value of . The upfront cash consideration represents a 27% and 68% premium to the closing price and 30-day VWAP, respectively, of Neovasc’s common shares on Jan. 13, 2023. Neovasc shareholders will also … Read more
Viveve Medical Inc (NASDAQ: ) announced topline results from the U.S. Pivotal PURSUIT clinical trial evaluating Viveve treatment for The study did not meet its primary endpoint of achieving a statistically significant higher proportion of patients experiencing more than a 50% reduction in urine leakage compared to baseline on the standardized 1-hour Pad Weight Test at … Read more
(Bloomberg) — Byju’s, the world’s most valuable edtech startup, has sought more time from creditors to renegotiate an agreement governing a $1.2 billion loan that is in breach of covenants, according to people with knowledge of the matter. Most Read from Bloomberg The creditors have until Tuesday to sign a forbearance agreement, which will give … Read more
GENEVA (AP) — The United Nations hosted a conference on Monday to help Pakistan cope with the fallout of last summer’s devastating flooding, which the U.N. chief called a “climate disaster of monumental scale” that killed more than 1,700 people in the immediate aftermath. Millions are still living near contaminated and stagnant flood waters. Pakistani … Read more
Sam Bankman-Fried has argued he should retain control of around $450 million in shares of financial trading app Robinhood, disputing a rival claim by the estate of the company he founded and once ran, the bankrupt crypto exchange FTX. The 56 million shares, in principle owned by Bankman-Fried and co-founder Gary Wang through a holding … Read more
(Bloomberg) — Japan’s newly formed chip foundry venture Rapidus Corp. said it is seeking to invest several trillion yen to help reboot the country’s semiconductor industry. Most Read from Bloomberg Backed by Toyota Motor Corp., Sony Group Corp. and six other Japanese companies, the Tokyo-based venture signed a partnership with International Business Machines Corp. to … Read more