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Crypto lender Genesis says no immediate plans to file for bankruptcy

Nov 21 (Reuters) – Cryptocurrency lender Genesis said on Monday it had no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX l forced to suspend customer redemptions. “We do not intend to file for bankruptcy imminently. Our goal is to resolve the current situation on a consensual basis without …

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Tesla board member says Elon Musk identified potential successor as CEO

SAN FRANCISCO, Nov 16 (Reuters) – James Murdoch of Tesla Inc (TSLA.O) director, said in court on Wednesday that CEO Elon Musk had in recent months identified someone as a potential successor at the helm of the electric car maker. Murdoch, who did not name the potential successor, was testifying in a lawsuit over Musk’s …

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RPT Amazon launches virtual healthcare clinic in U.S. for common ailments

November 15 (Reuters) – Amazon.com Inc. (AMZN.O) on Tuesday launched the Amazon Clinic, a virtual platform where users can connect with healthcare providers to help treat common conditions such as allergies and skin conditions. Amazon has been looking for years to expand its presence in the healthcare sector, where it is a small player. He …

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Regulators circle FTX as rival exchanges try to calm investors

US Department of Justice, SEC and CFTC investigating FTX, sources say Fed’s Brainard: Crypto Should Be Subject to Traditional Financial Rules Crypto.com CEO Says He Will Release Proof of Reserves Bitcoin stabilizes around $16,590 NEW YORK, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies were under pressure on Monday after crypto exchange FTX’s dramatic collapse …

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Elon Musk trial opens to decide fate of his $56 bln Tesla pay

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 (TSLA.O) The shareholder hopes to …

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Twitter lays off staff as Musk blames activists for ‘massive’ ad revenue drop

Musk seeks to lay off about half of Twitter’s workforce Employees file class action lawsuit against Twitter Staff lose access to systems Volkswagen removes ads Nov 4 (Reuters) – Twitter Inc began a major round of layoffs on Friday, alerting employees to their status via email after barring entry to offices and cutting off workers’ …

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CVS, Walmart, Walgreens agree to pay $13.8 bln to settle U.S. opioid claims

Nov 2 (Reuters) – CVS Health Corp (CVS.N)Walgreens Boots Alliance Inc. (WBA.O) and Walmart Inc. (WMT.N) agreed to pay approximately $13.8 billion to resolve thousands of lawsuits filed by U.S. state, local and tribal governments accusing drugstore chains of mishandling opioid painkillers. CVS said Wednesday it agreed to pay about $5 billion over 10 years, …

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Musk begins his Twitter ownership with firings, declares the ‘bird is freed’

Musk says ‘the bird is free’ after $44 billion deal Musk fires Twitter CEO, CFO and chief policy officer Some Twitter users are signaling their willingness to walk away Survey shows employee concerns at work EU warns: ‘This bird will fly by our rules’ Oct 28 (Reuters) – Elon Musk has taken ownership of Twitter …

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Exclusive: Tesla faces U.S. criminal probe over self-driving claims

October 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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