Former top FBI lawyer, James Baker, who now serves as Twitter’s deputy general counsel, has had a spotlight thrown on him after billionaire Elon Musk, who recently negotiated a deal to buy Twitter, responded to comments about Baker’s past actions during the FBI’s Russia investigation in 2016. On April 26, a day after Musk reportedly…
Musk’s Mention Highlights Twitter Counsel Baker’s Russiagate Past at FBI
April 27, 2022
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Archegos Founder Bill Hwang Arrested on US Federal Fraud Charges
Founder of Archegos Capital Management, Bill Hwang, was arrested on April 27 after being indicted on charges of securities fraud, wire fraud, and racketeering, announced federal prosecutors for the Southern District of New York in Manhattan. The head of the New York-based hedge fund, which collapsed in March 2021 after defaulting on margin calls, was…
FCC Commissioner Rejects Call to Block Elon Musk’s Twitter Takeover
Federal Communications Commission (FCC) Commissioner Brendan Carr on Wednesday rejected a call to block Elon Musk’s purchase of Twitter. Carr, in a statement, said the FCC “has no authority to block Elon Musk’s purchase of Twitter, and to suggest otherwise is absurd.” He added, “I welcome the full FCC making it clear that we will…
Elon Musk Could Still Lose Twitter Deal If Higher Offer Is Made
Several new developments have been revealed after Twitter accepted Elon Musk’s $44 billion takeover proposal on April 25. According to a Securities and Exchange Commission (SEC) filing that shows the deal agreement, Musk agreed to pay a $1 billion termination fee if he abandons the acquisition. At the same time, the social media platform would be…
Elon Musk Could Still Lose Twitter Deal if a Higher Offer Is Made
Several new developments have been revealed after Twitter accepted Elon Musk’s $44 billion takeover proposal Monday. According to a Securities and Exchange Commission (SEC) filing that shows the deal agreement, Musk agreed to pay a $1 billion termination fee if he abandons the acquisition. At the same time, the social media platform would also be required…
Amazon Plans to Invest $1 Billion Into Its Industrial Innovation Fund
Amazon.com, on April 21, announced the launch of its “Amazon Industrial Innovation Fund,” a $1 billion venture investment program focused on developing supply chain management, customer fulfillment, logistics, and warehouse tech. The new venture investment program will back companies working on technology to increase e-commerce delivery speeds and improve the experience of workers in warehousing…
To Fight Russia, Europe’s Regimes Risk Impoverishment and Recession for Europe
Commentary European politicians are eager to be seen as “doing something” to oppose the Russian regime following Moscow’s invasion of Ukraine. Most European regimes have wisely concluded—Polish and Baltic recklessness notwithstanding—that provoking a military conflict with nuclear-armed Russia is not a good idea. So, “doing something” consists primarily of trying to punish Moscow by cutting Europeans off…
Europe’s Russian Diesel Imports Drop, but Still Dominant
LONDON—European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions on Russian oil. Diesel deliveries from Asia, the Middle East, and the United States are set to hit their highest in almost three years in…
Twitter-Musk Deal Includes $1 Billion Termination Fee: Filing
Elon Musk will have to pay Twitter Inc. a fee of $1 billion if the billionaire terminates his $44 billion cash deal for the social media company, it said in a filing on Tuesday. One of the conditions for Musk’s payment is if the deal falls through because the equity, debt and or margin loan…
Pemberton’s French Wine Coca & Other Investment Adventures
Commentary “Despite his notoriously controversial personality, Detroit Tiger legend Ty Cobb holds the highest career batting average of any player in MLB history at .366. In 24 seasons (22 with the Tigers), Cobb amassed 4,189 hits, scored 2,245 runs, and stole 897 bases. Cobb won 11 batting titles, one MVP award, and was one of…
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