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The Latest Breaking News from SEC

Why Are Akebia Therapeutics Shares Falling Today?

Akebia Therapeutics Inc (NASDAQ:AKBA) and Otsuka Holdings (OTC: OTSKY) separately announced to call for licensing and co-development agreement for vadadustat. Otsuka sent a written notice to Akebia on May 12 that the partnership had been terminated. Akebia said in an SEC filing filed Friday that the termination will go into effect in a year.…

Benzinga

Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing.

Benzinga

Miami native Deandre Johnson looks to take advantage of consecutive opportunities with UM, Dolphins

MIAMI — More than a year ago, Deandre Johnson got the opportunity to return home to Miami to play one final college season with the Hurricanes. Now, he gets his first crack at making an NFL roster with his hometown Dolphins.

Tribune News Service

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Former UGA football WR Matt Landers announces transfer destination

Former Georgia and Toledo football wide receiver Matt Landers has transferred for a second consecutive offseason.

USA Today Sports Media Group

Karnataka HC to hear SEC plea over zilla panchayat elections on May 17

BENGALURU: The Karnataka high court will hear on May 17 a plea by the Karnataka State Election Commission about holding Zilla Panchayat and Taluk Panchayat elections.

The Times of India

George Soros' Fund Buys Up Nio And This US EV Stock, While Selling Entire Stake In These 2 Companies

Billionaire investor George Soros' Soros Fund Management has worked around with its electric vehicle portfolio in the first quarter, according to a 13F filing submitted to the SEC on Friday.

Benzinga

Luckin 2.0? Freefalling Cloopen Flags Potential Irregularities, Spooking Investors

Key takeaways: • Cloopen said it formed an independent special committee to look into employee misconduct and transaction irregularities discovered by auditor KPMG

Benzinga

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'You Are A Coward:' Dave Portnoy Calls Out Henry Blodget On Twitter Space

Dave Portnoy is known for his fiery personality on social media; if he is in an online feud, do not expect him to back down.

Benzinga

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week

The Independent UK

Which Chinese Firms Face Delisting From US Stock Exchanges?

Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.

Benzinga

Edinburgh Council negotiations continue as parties call for Labour clarity

One week on from the election, parties have called on Labour to clarify if they're ruling out a new deal with the SNP so talks can progress - whilst one Labour insider accused the SNP and Greens of "holding stuff up" by not making their intentions clear.

Edinburgh Live

Raiders RB Josh Jacobs named team’s most underrated player by PFF

Who is the most underrated player on the roster for the Las Vegas Raiders?

USA Today Sports Media Group

Inside SoftBank’s side letter with Better CEO Vishal Garg

Documents show that Garg put his own personal fortune on the line and could face uncapped losses.

Fortune

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

Benzinga

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Benzinga

Instacart Confidentially Files For US IPO

Grocery delivery platform Instacart has confidentially submitted a draft registration statement on Form S-1 with the U.S. SEC. The company was valued at $39 billion in March 2021, but the valuation got slashed by 40% to $24 billion due to technology stocks’ sell off in 2022, CNBC reported. The company got a major boost during…

Los Angeles Times

J. Brady McCollough: Pac-12 and others must create their own NIL rules if NCAA won’t do its job

In late April, USC was accused by Pittsburgh coach Pat Narduzzi of tampering with star wide receiver Jordan Addison, using name, image and likeness deals in an attempt to lure the player to Los Angeles before he had even entered his name in the transfer portal.

Benzinga

SEC Is Already Investigating Terra's Stablecoin UST: Report

The Securities and Exchange Commission (SEC) is already investigating this week’s events concerning Terra (CRYPTO: LUNA) and TerraUSD (CRYPTO: UST), according to a report from

USA Today Sports Media Group

Auburn Tigers Preview 2022: Season Prediction, Breakdown, Key Games, Players

Auburn College Football Preview 2022: Team breakdown, season prediction, keys to the campaign, and what you need to know

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news in one place.

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Benzinga

Elon Musk Said To Face Federal Probe Over Violating Rules In Disclosure Of Twitter Stake

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is facing a federal probe over missing a key deadline last month to disclose a sizable stake in Twitter Inc (NYSE: TWTR), the microblogging site tha

Tribune News Service

Addressing revenue gap is ‘top of mind’ for ACC, but disparity will only grow larger

FERNADINA BEACH, Fla.— Throughout the late 2000s and early 2010s, officials within the ACC constantly fought rumors and speculation about the conference’s demise. Every few months, it seemed, brought another account of Florida State and Clemson’s impending defection for the Big 12 and then, in late 2012, Maryland announced that…

Benzinga

Why Did Moderna CFO Exit Just A Day After Taking Charge

Moderna Inc (NASDAQ:MRNA) announced that its recently appointed Chief Financial Officer, Jorge Gomez, has departed the company, effective immediately. The announcement follows the public disclosure by Gomez's former employer, Dentsply Sirona Inc (NASDAQ:XRAY), of an ongoing internal investigation into some issues, including financial reporting. The audit investigates Dentsply Sirona's "use of incentives to sell products to…

The Independent UK

Elon Musk, an erratic visionary, revels in contradiction

Many people are puzzling what a Elon Musk takeover of Twitter would mean for the company and even whether he’ll go through with the deal

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 11

Reuters

Benzinga

SEC's Gensler Criticized Cryptocurrency Exchanges For Trading Against Customers

On Tuesday, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, reiterated that most digital assets fall under his agency’s purview and that venues trading them should register with the regulator. He also stated that the SEC is stepping up its enforcement activities.

Benzinga

Coinbase CEO Armstrong Clarifies New Disclosure Does Not Mean Bankruptcy Risk

Coinbase Global Inc (NASDAQ:COIN) chief executive stated that the disclosure in its latest quarterly filing did not indicate the cryptocurrency exchange operator faced a bankruptcy risk, and it had been made to meet SEC requirements, Reuters reported. Related: Coinbase Sees Crypto Trading Volume Declines 44% In Q1 The company's 10-K on page 83 stated that…

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