The Situation Cosmos Holdings Inc (NASDAQ: COSM) shares – a global healthcare pharmaceutical group with over 1130 pharmacies – plunged on Monday after it carried out a 1-for-25 reverse stock split. As of 11:00 PM ET, Cosmos shares dropped by 59.71%. The Explanation Cosmos Holdings Inc officially went public on

Elon asked his audience if he should step down as Twitter CEO. As of writing, 57% had said yes. He has currently said he would abide by the poll. He has previously asked Twitter if suspended journalists should be allowed back, which they were, and whether he should sell 10%

Per Reuters: SBF initially waived his extradition to US. However, after being arrested in Bahamas on Monday, Reuters is reporting that he will appear in court on Monday for an extradition hearing. He was charged with wire fraud, campaign finance fraud, and securities fraud by the DOJ, SEC, and Bahamas

Per CNN: Zelensky reportedly asked to share a message during the World Cup final, but was denied by FIFA. It was to be a message of World peace, per CNN. However, FIFa said no. No comment has been provided by FIFA to CNN. Zelensky has adddressed numerous events before, sucha

Per NYP: Sam Bankman-Fried's family called Bahamas prison to request vegan meals for him. The Bahamas prisons are notoriously overcrowded and poor conditions per NYP. SBF is notoriously a vegan, who worked on advocating for such a lifestyle. His parents have been following after reportedly working with FTX

Per CoinDesk: Binance Proof-of-Reserves auditor Mazars has deleted Binance's proof-of-reserves assessment, which found its bitcoin reserves were overcollateralized. "Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Cryptocom, KuCoin and Binance. Unfortunately, this means that we will

The Situation Guardant Health Inc (NASDAQ: GH) shares – a precision oncology biotech company engaged in cancer treatment – plunged after recent blood test failed to meet investor's expectations. As of 12:00 PM ET, Guardant shares dropped by 31.33%. The Explanation Guardant Health Inc officially went public on

Per Reuters US household net wealth has dropped by almost $7 trillion in the span of almost a year. The total household wealth fell from $150.1 trillion by the end of 2021 to $143.3 trillion at the end of September. The wealth of Americans jumped in 2021 due

Per NY Times New Zealand is implementing a law to help it reach its goal of eliminating most smoking by the year 2025. This new law would ban people born after 2008 from buying cigarettes. The new legislation takes a different approach to the country's goal to eliminate

Per Elon Musk Elon Musk says everyone will be treated the same and that journalists won't be exempted from the new doxxing rules. This came after numerous journalists were reportedly suspended from the platform. The Twitter CEO said that sharing the real-time location of someone is "inappropriate&

Per CNBC: In an interview with CNBC, Shaq reportedly said he doesn't believe in crypto. This is after being in a class action lawsuit for FTX, as he promoted the company in a commercial. He said to CNBC that "A lot of people think I'm

Per CNBC: Changpeng Zhao said that Binance has stabilized and is handling withdrawals. CZ said, per CNBC, that $1.14 billion were withdrawed on Tuesday. He added that the deposits have since continued to increase. He added that central exchanges should be 1:1. He also many big four firms

The Situation Novavax Inc (NASDAQ: NVAX) shares – a biotech company dedicated to developing and commercializing vaccines for infectious diseases – plunged on Thursday after it proposed convertible senior notes. As of 12:00 PM ET, Novavax shares dropped by 19.85%. The Explanation Novavax Inc officially went public on Dec 5,

Per Bloomberg Sam Bankman-Fried is now behind bars in the Bahamas after being denied bail. He was recently removed from the Giving Pledge, a group of billionaires that promised to give their fortunes away. The FTX founder is now behind bars in the Bahamas, and towards the end of November,

Per BBC Elon Musk is officially taking legal action against the Twitter account owner that used to track his private jet after an incident that reportedly put his son X at risk. Although the Twitter CEO previously expressed his support for free speech, saying that he didn't agree

This is per CNBC's reporting. CNBC reports that John J Ray, the new CEO of FTX falling SBF's fallout, is currently making $1,300 per hour. There are also additional expenses fees. CNBC projects this is $2.6 million annualized if a standard week is considered.

Per Business Insider: Meta Parent Company, including Facebook, has done numerous cost cutting measures. aAmong them are to stop $200 per month Lyft rides to and from work. Facebook told Business Insider ( https://www.businessinsider.com/meta-facebook-ends-lyft-ride-perk-employees-cost-cutting-uber-2022-12?international=true&r=US&IR=T [https://www.businessinsider.com/meta-facebook-ends-lyft-ride-perk-employees-cost-cutting-uber-2022-12?

Per Bloomberg: The US Senate has banned TikTok from all government phones. This was unaimously approved by the Senate. It would still need to pass the House, then be signed by Biden. Josh Hawley sponsored the bill. He said: “TikTok is a Trojan Horse for the Chinese Communist Party. It’

The Situation Charter Communications Inc (NASDAQ: CHTR) shares – an American telecommunications and mass media company – plunged on Wednesday after announcing an expansion plan that costs more than initial analysts' estimates. As of 12:30 PM, ET Charter shares dropped by 11.76%. The Expansion Charter Communications Inc officially went

Per CNBC Sam Bankman-Fried allegedly used FTX customer funds to use as donations to political campaigns. Although publicly donating to the Democrats, he announced that he also made "dark" donations to the Republicans. The Feds charged SBF with misappropriating customer funds in tens of millions of US dollars

Per Yahoo Finance After recently on a Twitter Space call with us, Unusual Whales, within 24 hours, the FTX founder was finally arrested and sent to Bahamas' only prison known for its alleged harsh conditions. Within 24 hours, Sam Bankman-Fried went from living in a $40 million worth penthouse

Per Bloomberg: SBF has been indicted on 8 criminal charges. They include wire fraud, conspirarcy, securities fraud, and more. It is estimated by Bloomberg that the total time that could be spent in jail would be 115 years total, if indicted on all. Meanwhile, the SEC has charge SBF with

US officials said that they did not know of any leaks. This is after Bloomberg showed large Treasury buying before the report was released. This unusual movement is hardly uncommon. “I can tell you this: There were no leaks from here,” Jean-Pierre said Tuesday. “I can tell you definitively, or