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The Latest Breaking News on Hedge Funds

Leonard Leo has key role in SCOTUS mess

Billionaire Paul Singer and the lodge owner "were both major donors to Leo's political groups," ProPublica reports

Salon

Wall Street Journal under fire for Justice Alito op-ed: ‘This has simply broken my brain’

Justice used Murdoch paper to defend 2008 private jet trip to King Salmon Lodge in Alaska

The Independent UK

Justice Alito refutes ProPublica report he should have disclosed luxury trip

Justice Samuel Alito says he didn't have to disclose a 2008 luxury trip to Alaska, or the flight on a private jet of hedge fund billionaire Paul Singer who had several cases before the high court.

WEKU

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Justice Alito tries to get ahead of damning report about billionaire gifts with defensive Wall Street Journal op-ed

Conservative justice defends taking private jet to Alaskan fishing trip with hedge-fund billionaire with business before the court as justices face ongoing ethics questions

The Independent UK

"Beyond parody": Experts slam Alito trip

ProPublica asked Alito about the ethics concerns. He ran to the Wall Street Journal to attack their reporting

Salon

Donald Trump Jr's emails revealed as ex-president's son is accused of racism

The oldest son of former-President Donald Trump complained in the email about the number of Black families moving to Manhattan and complained that he will have to speak to his grandchildren in Spanish because so many Mexican people were coming into the US

Daily Mirror

Shocking emails reveal Donald Trump Jr making offensive comments about Mexicans and Black people

The emails are part of a long-running legal dispute between a friend of Mr Trump and the friend’s former employer

The Independent UK

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Should Investors Be Watching Berkshire Hathaway Inc. (BRK.B)?

Warren Buffett’s Berkshire Hathaway (BRK.B) is rebounding from the slump last year thanks to strength in its insurance business. So, is the stock worth adding to your watchlists now? Read on.

StockNews.com

Crispin Odey’s name to be removed from hedge fund he founded

Odey Asset Management plans complete rebrand after Tory donor forced out over misconduct claims

The Guardian - UK

George Soros hands control of $25bn empire to 25-year-old son Alex

George Soros says his son Alex ‘earned’ his right to reign over his multi-billion empire

The Independent UK

Billionaire investor, philanthropist George Soros cedes control of empire to a younger son

Alex Soros, 37, will take over operations of the $25 billion empire. He will also oversee the Open Society Foundations, funding human rights and democracy movements globally.

Chicago Sun-Times

‘Octopus’ Tory donor ‘kissed receptionist on top of the head and tried to fondle her breasts’

Hedge fund boss – said to have hired ‘earls and girls’ – facing allegations of abuse or harassment by 13 women

The Independent UK

3 Stocks Poised for Price Surges

Resurging concerns about the Fed’s hawkish stance to tame stubbornly high inflation and recessionary fears have weighed heavily on investors’ sentiments. Therefore, it could be wise to own fundamentally strong stocks Biogen (BIIB), Celestica (CLS), and Biglari Holdings (BH) that look poised to maintain their momentum. Read on….

StockNews.com

Twitter janitors in New York file lawsuit over firings and demand backpay

Suit alleges social media company violated city law when janitors were abruptly fired in December after Elon Musk took over

The Guardian - US

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The Guardian - UK

Look at what hedge funds really do – and tell me capitalism is about ‘rewarding risk’

‘Alternative asset managers’ are mainly focused on protecting themselves from losses – and they get tax breaks for it, too, says author Brett Christophers

Tribune News Service

‘Pharma Bro’ Martin Shkreli having trouble completing community service, federal probation officials say

Infamous “Pharma Bro” Martin Shkreli, who was released from prison last year, is having trouble completing his court-mandated 20 hours a month of community service, according to a Tuesday court filing.

Dynamite News

Elon Musk's run as Twitter CEO comes to end, billionaire to step down in few weeks

Twitter CEO Elon Musk has decided to step down from the post. The Billionaire has decided not to Function as Twitter CEO after a few weeks.

The Independent UK

Profits jump at Buffett's company ahead of annual meeting

Warren Buffett's company said its first-quarter profits soared along with the paper value of its investment portfolio

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Broadcasting & Cable

Let the Expert Regulators Investigate the Tegna Deal

Questions raised make FCC right to refer Standard General’s acquisition for hearing

Zenger

New Documents Spills Ehuk Barak’s Association With Jeffrey Epstein Including Other Notable Names

It was documented that Barak was a regular guest at Epstein's house that included Noam Chomsky over Palestine policies.

The Independent UK

Roberts declines Senate request to testify on court ethics

Chief Justice John Roberts has declined a request from the Senate Judiciary Committee to testify at a hearing next week on ethical standards at the court, instead providing the panel with a statement of ethics reaffirmed by the court’s justices

Evening Standard

London founders of Getty Images to pocket almost $2 billion from sale to private investor

The founders of Getty Images are set to pocket almost $2 billion (£1.6 billion) from the sale of their stake in the company after activist investor Trillium Capital said it had made a cash offer to take the company private.

Broadcasting & Cable

Guest Blog: FCC Was Right To Not Greenlight Standard General-Tegna Deal at Expense of Local News

NABET-CWA chief says decision to designate merger for review is a matter of due process

Evening Standard

Elon Musk pictured with son X AE A-XII in rare outing in Miami

The tech mogul was seen carrying the toddler backstage after delivering a keynote address at the Possible marketing conference

Los Angeles Times

Michael Hiltzik: With a $300 million donation to Harvard, a hedge fund billionaire shows why we need a wealth tax

Harvard University wants us to bow down to the exceptional generosity of Kenneth C. Griffin, a hedge fund billionaire who just made a $300 million gift to the school's graduate program.

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