Was Elizabeth Holmes like Steve Jobs? Her emails say no – The Verge

Lance Wade didn’t say “snitches get stitches” out loud, but with his behavior in the courtroom today he didn’t have to. It’s the most aggressive performance we’ve seen so far from Elizabeth Holmes’ defense attorney, and that’s probably because the latest testimony is just that bad for Holmes’ case. On the stand today was former Theranos lab director Adam Rosendorff, who was responsible for the lab where patient results were processed. In his opening statement, Wade was clear that he was prepared to blame Theranos lab directors — including Rosendorff…

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Ari Emanuel Says “No” To Buying UTA In Response To CAA’s Acquisition Of ICM Partners; Mocks What Was Actually Bought – Deadline

(Updated with more from Code Conference) “No,” a blunt Ari Emanuel told the Code Conference on Tuesday when asked whether he would buy UTA now that CAA has acquired ICM Partners. “We don’t need it,” the Endeavor CEO told conference attendees at the Beverly Hilton, stressing that WME is still “the largest agency in the business.” It should be noted there is no indication that UTA is for sale, regardless of any potential interest by anyone. Joking that he appreciated CAA for “validating my strategy in 2008” of wanting to…

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China Evergrande to sell $1.5 bln stake in Shengjing Bank to state firm – Reuters

Cranes stand at a construction site near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Shengjing demands repayment of debts due to it Evergrande says sale will help stabilise Shengjing Evergrande faces bond payment deadline Wednesday HONG KONG, Sept 29 (Reuters) – Cash-strapped China Evergrande (3333.HK) said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd (2066.HK) to a state-owned asset management company as it scrambles to raise funds. Shengjing Bank…

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Education Department negotiates Navient’s exit from federal student loan program – POLITICO

It comes as the Biden administration prepares to resume collecting federal student loan payments that have been frozen since the beginning of the pandemic while also figuring out how to respond to pressure from progressives to cancel large swaths of the $1.6 trillion of outstanding federal student debt. Richard Cordray, the head of Federal Student Aid, said in a statement to POLITICO that his office had been monitoring the negotiations between the two companies and is now in the process of considering the deal. Federal Student Aid officials are “reviewing…

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Unpaid by Evergrande, supplier sells Porsche and home to rescue his business – Reuters

GUANGZHOU, China, Sept 28 (Reuters) – Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy. In the meantime, the 50-year-old known by friends and colleagues as “Brother Hui”, has sold his Porsche Cayenne and put his apartment on the market in a scramble to raise cash to pay debts and wages. “We’ve reached out to those in charge but they…

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Facebook’s effort to attract preteens goes beyond Instagram kids, documents show – Fox Business

Former Facebook intel analyst Kara Frederick gives the latest on Facebook pausing work on Instagram kids version on ‘Fox Business Tonight’ Facebook Inc. has come under increasing fire in recent days for its effect on young users and its efforts to create products for them. Inside the company, teams of employees have for years been laying plans to attract preteens that go beyond what is publicly known, spurred by fear that Facebook could lose a new generation of users critical to its future. Internal Facebook documents reviewed by The Wall…

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Japan’s Nikkei 225 falls nearly 2% as Asia-Pacific shares slide after Wall Street tumble – CNBC

SINGAPORE — Asia-Pacific stocks fell in Wednesday morning trade following an overnight tumble on Wall Street, with the Nasdaq Composite plunging nearly 3% as bond yields rise. In Japan, the Nikkei 225 slipped 2.08% while the Topix index dropped 2.25%. South Korea’s Kospi declined 1.09%. The S&P/ASX 200 in Australia fell 0.93%. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.34% lower. Investors watched the 10-year Treasury yield, which crossed the 1.5% mark on Monday and has continued rising since, last sitting at 1.5565%. Yields move inversely to prices.…

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Elizabeth Holmes’s defense questions ex-Theranos lab director’s credibility – CNBC

SAN JOSE, CALIF – In the first dramatic showdown at the Elizabeth Holmes’ trial, defense attorney Lance Wade aggressively questioned the company’s former lab director about his credibility. “Did you offer lab tests that you knew at the time were inaccurate or unreliable?” Wade asked Adam Rosendorff inside the courtroom on Thursday. “No, I ordered the laboratory to discontinue testing and I raised concerns to management,” Rosendorff replied. “And you were never told by Ms. Holmes to report an inaccurate result, correct?” Wade asked, to which Rosendorff agreed. Wade, raising his…

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Navient, with six million borrowers, asks to stop servicing federal student loans. – The New York Times

A second major federal student loan servicer is calling it quits, a decision that will force the Education Department to transfer the accounts of millions of borrowers just as the government begins to resume collecting payments early next year. Navient said on Tuesday that it wanted to end its contract with the federal government and offload its responsibilities to Maximus, another federal loan servicer. Navient services the accounts of around six million borrowers. Jack Remondi, Navient’s chief executive, said the company wanted to “provide a smooth transition to borrowers” as…

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RDU police activity: Raleigh-Durham International Airport parking deck reopens after police activity – WTVD-TV

RALEIGH, N.C. (WTVD) — A parking deck at Raleigh-Durham International Airport was closed earlier Tuesday evening because of ongoing police activity. RDU officials said law enforcement was investigating a report of an attempted carjacking around 5 p.m. ABC11 breaking news crews said several RDU police officers with weapons were at the site. The garage was closed while officers investigated. Airport guests were asked to remain inside the terminals and arriving guests were redirected. No suspect was located and no one was injured. RDU officials said travelers can now use the…

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