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Elon Musk Toys With Taking Over Silicon Valley Bank

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Elon Musk Toys With Taking Over Silicon Valley Bank

Elon Musk said late Friday that he was “open to the idea” of buying Silicon Valley Bank after it failed, but at least one Tesla investor was skeptical. “I believe Twitter should acquire SVB and become a digital bank,” said Min-Liang Tan, cofounder and CEO of Razer, which sells gaming computers.

Musk responded briefly, “I’m open to the idea,” without providing further context.


One Twitter user-supported Musk’s idea, writing: “what an opportunity,” but another called Sanjay responded: “And sell another $20 billion worth of $Tesla stock. No, thank you!”

Sanjay’s Twitter bio says he is a “Tesla customer and investor, bull and Elon fan.” The insider could not confirm whether or not the user was a shareholder or the size of his holding.

Musk sold several Tesla shares last year to help finance his Twitter acquisition, which helped to depress the stock price. The CEO sold $8.5 billion in stock in April, $6.9 billion in August, $3.95 billion in November, and $3.6 billion in December, for nearly $23 billion.

Silicon Valley Bank was closed down by US regulators on Friday after a run on deposits, according to Insider’s Sindhu Sundar. Startup founders began withdrawing funds on Thursday, alarmed by the bank’s falling stock price after a capital raise announced on Wednesday night.

The bank is now being handled by receivers, which could delay access to deposits for an extended period. Some hope a buyer will come forward this weekend to avoid this situation.

elon musk

Elon Musk Doubled Down on Jan. 6, 2021

Meanwhile, Elon Musk expressed sympathy for the Capitol rioter dubbed the “QAnon Shaman” on Friday in the billionaire’s latest attempt to minimize the deadly events of January 6, 2021. “Free Jacob Chansley,” Musk tweeted to his 130 million followers, implying that the rioter’s sentence was excessive.

On Jan. 6, Chansley raided the United States Capitol bare-chested, wearing a furry Viking-style hat and face paint and carrying an American flag zip-tied to a spear.

Chansley received 41 months in prison, or just under three and a half years, for making threats and disrupting Congress as its members attempted to certify the results of the 2020 election.

He is one of 1,000 people detained for their roles in the attack on the Capitol and the law enforcement officers who defended it. Over 300 people have been charged with assaulting or restraining officers or employees.

However, Elon Musk has recently begun to promote the false notion, promoted by House Speaker Kevin McCarthy (R-Calif.), Fox News host Tucker Carlson, and other conservatives, that the Capitol attack was mostly peaceful.

Carlson used selectively edited footage in a segment last week criticized by U.S. Capitol Police Chief Tom Manger, among others, to make the breach appear far tamer than it was. Musk repeatedly promoted the segment on his Twitter page with credulous commentary.

Musk responded on Friday to a video clip showing Chansley using a bullhorn to read a tweet sent by former President Donald Trump around 3:15 p.m. on Jan. 6. “Respect the Law and our great men and women in Blue,” Trump wrote, which Chansley read aloud.

This, along with other footage showing Chansley walking alongside law enforcement through the halls of the Capitol, appeared to clear him in Musk’s mind.

“Chansley got four years in prison for a nonviolent, police-escorted tour!” the Twitter and Tesla CEO exclaimed. (The sentence was only four years.) Musk claimed in another tweet that Chansley “was falsely portrayed in the media as a violent criminal who tried to overthrow the state and urged others to commit violence.”

“I’m not a MAGA supporter, but I believe in justice,” Elon Musk added.

At his November 2021 sentencing hearing, Chansley pleaded guilty to civil disorder, disorderly and disruptive conduct, violent entry into a building, and other counts. Prosecutors claim he broke through a police barrier to enter the Capitol and made his way to the Senate floor, where he yelled from the dais, “Mike Pence is a fucking traitor,” and led other protesters in a chant against “all the tyrants, communists, and globalists.”

He also left a note that said, “It’s Only A Matter of Time. “Justice is on its way!”

Geoff Thomas is a seasoned staff writer at VORNews, a reputable online publication. With his sharp writing skills and deep understanding of SEO, he consistently delivers high-quality, engaging content that resonates with readers. Thomas' articles are well-researched, informative, and written in a clear, concise style that keeps audiences hooked. His ability to craft compelling narratives while seamlessly incorporating relevant keywords has made him a valuable asset to the VORNews team.

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Katie Ledecky Hopes For Clean Races At Paris Olympics In The Aftermath Of The Chinese Doping Scandal

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PARIS — Katie Ledecky is looking for clean Olympic races. On Wednesday, Hope had pretty much reached her limit.

The American swimmer hopes to add to her six gold medals as she competes in the 400, 800, and 1,500 meters at the Paris Games. Her program starts with the heavy 400 on Saturday, featuring Ariarne Titmus and Summer McIntosh.

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Katie Ledecky | ESPN Image

Katie Ledecky Hopes For Clean Races At Paris Olympics In The Aftermath Of The Chinese Doping Scandal

The 27-year-old Katie is competing in her fourth Summer Olympics, but the first since a doping scandal involving almost two dozen Chinese swimmers who tested positive for a banned chemical before the Tokyo Games — yet were permitted to compete with no consequences. The controversy has raised serious worries regarding the effectiveness of anti-doping initiatives.

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Katie Ledecky | Vogue Image

“I hope everyone here is going to be competing clean this week,” Ledecky claimed. “But what truly counts is, were they training cleanly? Hopefully this has been the case. Hopefully, there has been worldwide testing.”

The International Olympic Committee has expressed concern over the ongoing US investigation into possible doping by Chinese swimmers. While awarding the 2034 Winter Olympics to Salt Lake City on Wednesday, the IOC urged Utah officials to do whatever they could to stop the FBI investigation.

“I think everyone’s heard what the athletes think,” Katie added. “They seek transparency. They want more answers to the remaining questions. At this point, we are here to race. We are going to race whoever is in the lane next to us.

“We are not paid to conduct the tests, so we trust those who follow their regulations. That applies both today and in the future.

 

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Katie Ledecky | ESPN Image

Katie Ledecky Hopes For Clean Races At Paris Olympics In The Aftermath Of The Chinese Doping Scandal

SOURCE | AP

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London Heatwave Alert: High Temperatures Set to Soar to 29C Next Week

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London Heatwave Alert High Temperatures Set to Soar to 29C Next Week

As the summer holidays begin, London may experience an official heatwave with temperatures reaching up to 29 degrees Celsius.

The Met Office predicts a long period of sunny and dry weather for London after a soggy spring and summer.

After a cloudy day on Saturday, temperatures are expected to reach 27C on Sunday, with lots of sunlight.

On Monday and Tuesday, temperatures are forecast to peak at 29 degrees Celsius. Monday is forecast to offer more sunlight, while Tuesday may see some gloomy weather.

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Temperatures are expected to remain in the high 20s next week, with lows of approximately 18C.

According to the Met Office, a heatwave is “an extended period of hot weather relative to the expected conditions of the area at that time of year, which may be accompanied by high humidity.”

In the United Kingdom, a heatwave is proclaimed when daily temperatures meet or surpass a certain level for at least three consecutive days.

In London, the heatwave threshold is 28 degrees Celsius.

The Met Office reported that the UK is experiencing hotter and wetter weather on average due to climate change.

The UK experienced its warmest May and April on record this year, despite damp and dismal conditions in many areas.

According to the Met Office’s State Of The UK Climate 2023 report published on Thursday, the UK experienced historic levels of extreme weather last year.

In the United Kingdom, 2023 was the second warmest year on record, bringing storms, flooding, strong heatwaves, and rising sea levels; only 2022 was warmer.

It was 0.8°C higher than the average from 1991 to 2020, and 1.66°C higher than the 1961 to 1990 average.

However, 2023 will be a “cool year” in comparison to 2100, based on the planet’s warming trajectory.

The government’s plan to adapt to the hazards presented by climate change is currently being challenged in the High Court by campaigners who allege the Tory administration’s July 2023 National Adaptation Programme (NAP) fails to adequately address 61 concerns.

Source: The Standard

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Novo Nordisk’s Wegovy is a Heart-Risk-Reducing Product.

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Wegovy
Hollie Adams | Reuters

(VOR News) – The European Union’s medical regulator has granted approval to Wegovy, a blockbuster weight loss treatment manufactured by Novo Nordisk, in order to expand its application to include the reduction of major heart events in overweight or obese adults.

In order to expand the scope of the medication’s applicability, this authorisation was granted. The purpose of obtaining this approval was to broaden the medicine’s application.

The Danish pharmaceutical company announced on Thursday that the European Medical Agency has formulated a “positive opinion” regarding the label’s expansion.

The agency made this determination after conducting a comprehensive examination of the results of a SELECT study that was subjected to rigorous monitoring. Other applications of the substance are facilitated by this conclusion.

The SELECT experiment, which was financed by Novo Nordisk and published in August 2023.

Wegovy and Ozempic contain semaglutide as the active ingredient.

Reduced the risk of major cardiovascular events by twenty percent when compared to a placebo. The researchers arrived at this conclusion. This realisation was the outcome of the researchers’ investigation.

The notion that the European Medicines Agency label for Wegovy should be amended is a significant step forward for patients who are coping with cardiovascular disease and obesity, according to Martin Holst Lange, executive vice president and director of development at Novo Nordisk.

The company’s statement, which was disclosed, indicated that the recommendation to update the label is a substantial advancement.

It is evident that Wegovy has the potential to save lives by reducing the likelihood of significant adverse cardiovascular events, as evidenced by the findings of the SELECT research. An additional benefit of participating in this exercise is that it helps individuals effectively manage their weight, which is a benefit in and of itself.

The company also stated that the label update incorporates data from the SELECT trial, which showed a 15% reduction in the risk of death from cardiovascular causes and a 19% reduction in the risk of death from any cause when compared to situations in which a placebo was used in conjunction with the product.

The SELECT trial was conducted in the United States, according to the company. Furthermore, the organisation disclosed that the SELECT investigation was conducted in the United States of America.

It is anticipated that the label amendment will be implemented within the next month, as per the statement issued by Novo Nordisk.

Wegovy has also been approved for use in the United States.

Similarly, the UK medical regulator has taken similar actions. The United Kingdom on Tuesday granted its clearance for the use of Wegovy to reduce the risk of significant cardiac difficulties or strokes in adults who are overweight or obese, such as heart attacks or strokes.

The Food and Drug Administration of the United States of America granted sanction for the medicine to be used in specific applications during the month of March.

This resulted in a rise in the number of distinct applications for the highly popular treatment, which coincides with the sector’s increasing level of competition.

On Thursday, Roche, a global pharmaceutical company with its headquarters in Switzerland, announced that its Wegovy competitor weight reduction tablets will be incorporated into a collection of pharmaceuticals designed to mitigate the adverse effects of obesity.

The pharmaceutical collection will encompass a diverse selection of weight loss medications.

The company’s Chief Executive Officer, Thomas Schinecker, conveyed his satisfaction with the exceptional early-stage trial results of the two potential weight-reduction pharmaceuticals that the company is currently developing. In addition, he asserted that these medications demonstrated the “best in disease potential.”

In making this assertion, Schinecker was alluding to the fact that the medications exhibited the “best in disease potential.” He also stated that they will be a part of a more comprehensive portfolio that is intended to set the Swiss company apart from its competitors in the growing obesity therapy market.

This adds insult to injury. This strategy will be implemented in order to distinguish the Swiss company from other businesses in the market.

SOURCE: CNBC

SEE ALSO:

A Strong U.S. GDP Report Boosts Oil, but Asia’s Economic Woes Limit Gains.

Surge in Covid Cases in Greece: Tourists Issued FLiRT Variant Warning

Business Owners Blame the Government’s Economic Incompetence for Rising Inflation.

 

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