Former talk show host Carlos Watson was sentenced Monday to nearly 10 years in prison in a federal financial conspiracy case that cast his once-buzzy Ozy Media as an extreme of fake-it-’til-you-make-it startup culture.So extreme that another Ozy executive impersonated a YouTube executive to hype Ozy to investment bankers — while Watson coached him, prosecutors said.Watson, 55, and the now-defunct company were found guilty last summer of charges including wire fraud conspiracy. He has denied the allegations and plans to appeal.”I loved what we built with Ozy,” he said in court Monday, initially addressing supporters in the audience before the…
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On Monday, shares of Larimar Therapeutics experienced a significant decline following a data update from its ongoing Friedreich’s ataxia treatment study. The update included reports of serious adverse events (SAEs) affecting two patients, both of whom chose to withdraw from the study. Despite these events resolving within 24 hours, the stock briefly plummeted by as much as 51% in New York trading before recovering slightly to a 25% loss. The company, in a premarket statement, asserted that the daily subcutaneous injections of 25 mg nomlabofusp were “generally well tolerated for up to 260 days” in the open label extension (OLE)…
BOCA RATON, Fla. – The GEO Group, Inc. (NYSE:GEO), a diversified government services provider with a market capitalization of $3.76 billion, announced today its plans to invest $70 million in capital expenditures aimed at enhancing its service offerings to U.S. Immigration and Customs Enforcement (ICE). The company’s stock has shown remarkable strength, delivering a 153% return year-to-date according to InvestingPro data. The investment is intended to expand detention capacity, secure transportation, and electronic monitoring services. GEO, currently the largest provider to ICE, operates approximately 21,000 detention beds at 16 ICE Processing Centers and has the capacity to increase to at…
Buying a new bike can often be an expensive endeavor, but if you’re on a budget, opting for a used bike is a great way to save money without sacrificing quality. Even during the pandemic, when public transportation is still a concern, a used bike can serve as a practical and affordable alternative. Many used options are available for under $1,000, and with some research, you can find a bike that fits both your needs and your budget. Focus Your Search for Better Results To get the best deal, start by narrowing down the types of bikes you’re interested in,…
Image source: Getty Images I’ve just been handed a list of the top 10 popular shares among AJ Bell investors in 2024 and was pleased to see UK income stocks feature heavily. I wasn’t surprised to see US chipmaker Nvidia at number one. Or that corporate Bitcoin holder MicroStrategy, Warren Buffett’s vehicle Berkshire Hathaway and Microsoft all made the top 10. But I was surprised to see FTSE 100-listed insurer Legal & General Group (LSE: LGEN) in third place. I was even more surprised to see Phoenix Group Holdings in fifth and wealth manager M&G (LSE: MNG) in sixth. Yet…
A few days ago, 8.8 million tonnes of rare earths were discovered in south-east Norway. An essential chemical element in the low-carbon, ecological and digital transition, this discovery could reshuffle the cards in terms of Europe’s autonomy and mineral security at a time when China accounts for almost 69% of the world’s mining production and the European Union remains extremely dependent on external supplies. What influence could this discovery have on the global rare earths market? How can Europe benefit? Emmanuel Hache, Senior Research Fellow at IRIS and specialised in energy forecasting and the economics of natural resources (energy…
Die als sicher geltenden Bundesanleihen sind zwar weiter sehr beliebt, die Flucht in „Solides“ hat sich trotz Regierungs-Aus in Frankreich aber nicht verstärkt. Im Handel mit Unternehmensanleihen ist BayWa erneut Thema.6. Dezember 2024. FRANKFURT (Börse Frankfurt). Nun ist sie endgültig da, die Regierungskrise in Frankreich. Nach dem Misstrauensantrag ist Premierminister Michel Barnier am gestrigen Donnerstag zurückgetreten. Doch am Markt war das schon längst eingepreist. Anfang der Woche waren die Risikoaufschläge für französische Staatsanleihen gegenüber deutschen noch auf neue Hochs geklettert, dann gingen sie zurück. „Der Regierungssturz in Frankreich und die politisch unsichere Zukunft des Landes hat nicht zu einer Flucht in…
MONTRÉAL, Dec. 16, 2024 (GLOBE NEWSWIRE) — Earth Alive Clean Technologies Inc. (TSXV: EAC “ Earth Alive or the Company) today announced that it has obtained an order from the Superior Court of Québec (the Court) extending the delay to file a proposal pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada) (the BIA) until January 30, 2025. This extension will allow the Company to complete, under the supervision of the Court and with the assistance of the Trustee, its ongoing sale and investment solicitation process (the “SISP”), in order to conclude a transaction with a view to…
The rise of electric vehicles (EVs) has brought about a new era of sustainable and efficient transportation. Among the various EVs available, electric SUVs have gained significant popularity due to their spacious interiors, powerful performance, and eco-friendly features. With advancements in battery technology and charging infrastructure, many electric SUVs now offer exceptional range and a host of innovative features. In this guide, we will explore 15 electric SUVs that stand out for their impressive range and advanced features. Whether you’re looking for luxury, practicality, or cutting-edge technology, there’s an electric SUV on this list for you. 1. Tesla Model X…
Artificial Intelligence (AI) is no longer just an academic pursuit or a niche industry. It has become a cornerstone of global economic strategies and a catalyst for innovation across virtually every sector. Governments and corporations alike are investing heavily in AI to secure strategic advantages, be it through enhanced national security, economic competitiveness, or industrial transformation. In this rapidly evolving landscape, NVIDIA Corporation (NVDA) has emerged as a key player. With its roots in pioneering GPU technologies, NVIDIA has expanded into a broader role, providing the infrastructure that powers AI development globally. The company’s financial performance underscores its significance: NVIDIA…