Month: June 2020

President Trump has joked about running for a third term, but what happens if he refuses to leave after a loss in November? CNN’s Nick Watt looks into how it could all play out.

Source: CNN, What if Trump loses and refuses to leave?

Glenmark Pharmaceuticals Inc., USA was charged for conspiring to fix prices for generic drugs, the Department of Justice announced today.

Source: DOJ Press Releases, Fifth Pharmaceutical Company Charged In Ongoing Criminal Antitrust Investigation

The Department of Justice and Federal Trade Commission issued today new Vertical Merger Guidelines that outline how the federal antitrust agencies evaluate the likely competitive impact of mergers and whether those mergers comply with U.S. antitrust law. These new Vertical Merger Guidelines mark the first time the Department and the FTC have issued joint guidelines on vertical mergers, and represent the first major revision to guidance on vertical mergers since the Department’s 1984 Non-Horizontal Merger Guidelines, which the Department withdrew in January of this year.

Source: DOJ Press Releases, Department of Justice And Federal Trade Commission Issue New Vertical Merger Guidelines

A video of Kaitlyn Saunders skating on the square opposite the White House has amassed 5 million views.

Source: BBC US & Canada, Young skater goes viral performing at Black Lives Matter Plaza

The Securities and Exchange Commission today issued an order to update the filing threshold for broker-dealers’ Form 17-H filings made pursuant to Exchange Act Rules 17h-1T and Rule 17h-2T. The threshold, which had not been updated in nearly 30 years,…

Source: SEC Press Releases, SEC Updates Filing Threshold to Rule 17h Reporting Requirements for Broker-Dealers

“White silence is violence.” It’s a simple but powerful message shouted at Black Lives Matter protests around the world, and it marks a major shift in expectations: it’s no longer OK to just not be racist, you have to be vocally anti-racist. If you’re not, you’re part of the problem.

Source: CNN, Analysis: Indians are being held up as a model minority. That’s not helping the Black Lives Matter movement

The wreck of a British submarine that went missing during World War II with 44 people on board has been found off the coast of Malta.

Source: CNN, Submarine that vanished in WWII discovered

CNBC Spotlights the 50 Companies on the Path to Becoming the Next Generation of Great Public Companies

Source: CNBC, CNBC Transcript: CNBC’s Meg Tirrell Speaks with Gilead Sciences CEO Daniel O’Day on “Squawk Box” Today

Below is the transcript of a CNBC interview with Frank Appel, CEO, Deutsche Post DHL Group. The interview played out in CNBC’s latest episode of Managing Asia on 26 June 2020, 5.30PM SG/HK (in APAC). If you choose to use anything, please attribute to CNBC and Christine Tan

Source: CNBC, CNBC Transcript: Frank Appel, CEO, Deutsche Post DHL Group

She’s been compared to some of the greatest singers of our time, and was named Time’s 2019 Entertainer of the Year. Melissa Jefferson, better known as Lizzo, sat down with correspondent Tracy Smith to discuss overcoming bouts of poverty, homelessness, and crippling self-doubt, and how her high school band teacher gave her the focus she needed to make her mark. (Originally broadcast October 3, 2019.)

Source: CBS, Lizzo: For The Record

Power companies across hurricane-prone states are forced to face a prospect they’ve never dealt with before: restoring power after a major storm amid a global pandemic.

Source: CNN, The pandemic could lead to longer power outages following a hurricane, industry leaders warn

The Securities and Exchange Commission announced today that it obtained court approval of settlements with Telegram Group Inc. and its wholly owned subsidiary TON Issuer Inc. to resolve charges that Telegram’s unregistered offering of digital tokens…

Source: SEC Press Releases, Telegram to Return .2 Billion to Investors and Pay .5 Million Penalty to Settle SEC Charges

Transgender Hollywood star Laverne Cox and Sen. Kamala Harris (D-CA) pushed for the defunding of the police in a joint appearance Thursday on Watch What Happens Live, during which Sen. Harris said that putting more cops on the streets is “just wrong.”

Source: Breitbart, Laverne Cox, Kamala Harris Push to Defund Police: More Cops on Streets Is ‘Just Wrong’

On June 25, the U.S. House of Representatives and Senate passed identical bills, H.R. 7036 and S. 3377, to repeal the sunset provision of the Antitrust Criminal Penalty Enhancement and Reform Act (ACPERA).

Source: DOJ Press Releases, Department of Justice Applauds Congressional Passage Of Reauthorization Of The Antitrust Criminal Penalty Enhancement And Reform Act

Some think change needs to come from the top, others say they are doing a tough job and under attack.

Source: BBC US & Canada, George Floyd death: What US police officers think of protests

The Securities and Exchange Commission today charged NAC Foundation, its Chief Executive Officer Marcus Andrade, and political lobbyist Jack Abramoff with conducting a fraudulent, unregistered offering of AML BitCoin, a digital asset security the…

Source: SEC Press Releases, SEC Charges Issuer, CEO, and Lobbyist With Defrauding Investors in AML BitCoin

Here are just some of the coronavirus pandemic’s many victims: who they were, and the lives they touched.

Source: CBS, Lives to remember: Those we’ve lost to coronavirus

The Securities and Exchange Commission today announced that Novartis AG, a global pharmaceutical and healthcare company headquartered in Basel, Switzerland, has agreed to pay over $112 million to settle charges that it violated the books and records and…

Source: SEC Press Releases, SEC Charges Novartis AG with FCPA Violations

Five federal regulatory agencies today finalized a rule modifying the Volcker rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds—known as covered funds.  The final rule is broadly similar to the…

Source: SEC Press Releases, Financial Regulators Modify Volcker Rule

A garden pail filled with disposable hand wipes and huge bottles of hand sanitizer can be found atop every table at Paris bistro Chez L’Ami Jean.

Source: CNN, What it’s like to visit Paris post-lockdown

Citing a CDC order, border officials have expelled tens of thousands of migrants, including children and many seeking asylum.

Source: CBS, Federal judge pans Trump order used to expel migrants at border

If you love baking or are just looking to upgrade your kitchenware, consider one cookbook author’s favorite: A 10-speed stand mixer from KitchenAid.

Source: NBC, One cookbook author’s favorite stand mixer

Source: CNBC, CNBC DOCUMENTARIES: “SUPERMARKET SHOCK: CRISIS IN AMERICA’S FOOD SUPPLY” PREMIERES TUESDAY JUNE 30 AT 10PM ET/PT

The Securities and Exchange Commission today announced settled charges against broker-dealer SG Americas Securities LLC for failing to provide complete and accurate securities trading information known as “blue sheet data.”  SG Americas agreed to…

Source: SEC Press Releases, SG Americas to Pay .1 Million to Settle Charges of Providing Deficient Blue Sheet Data