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Diddy’s lawyers accuse U.S. government of leaking Cassie assault video – National

12Oct

By Aditi PawarNo Comments

Entertainment, Movies

Diddy’s lawyers accuse U.S. government of leaking Cassie assault video – National

NOTE: The following article contains disturbing content. Please read at your own discretion. Lawyers for Sean “Diddy” Combs have accused federal authorities of leaking the video of Combs’ physical assault against his former girlfriend Cassie Ventura, thereby depriving Combs of a fair jury trial.In the legal filing submitted Wednesday, Combs’ lawyers said agents from the U.S. Department of Homeland Security (DHS) facilitated a “series of unlawful government leaks,” with the assault video being the “most egregious example.”The memorandum was filed in relation to Combs’ federal charges of racketeering, sex trafficking and transportation to engage in prostitution. He has pleaded not guilty.In May, CNN obtained security camera footage of Combs beating Ventura in a hallway of a Los Angeles hotel...

12Oct

By Aditi PawarNo Comments

Business

Two China ETFs go on different paths

Two exchange-traded funds are looking for profits in China with two different strategies.While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country's biggest stocks."[It's] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics to magnitude in the U.S.," Roundhill Investments CEO Dave Mazza told CNBC's "ETF Edge" this week.Zoom In IconArrows pointing outwardsSince its inception on Oct. 3, the Roundhill China Dragon ETF is down almost 5% as of Friday's close.Meanwhile, Jason Hsu of Rayliant Global Advisors is behind the hyper-local Rayliant Quantamental China Equity ETF. It has been around since 2020."These are local shares, local names that ...

U.S. FDA to reconsider decision barring compounded versions of Lilly weight loss drug

12Oct

By Aditi PawarNo Comments

Business

U.S. FDA to reconsider decision barring compounded versions of Lilly weight loss drug

Eli Lilly and Company, Pharmaceutical company headquarters in Alcobendas, Madrid, Spain.Cristina Arias | Cover | Getty ImagesThe U.S. Food and Drug Administration on Friday agreed to reconsider a decision it made last month to bar drug compounders from selling their own versions of Eli Lilly's blockbuster weight loss and diabetes drugs.The agency said in a court filing it would now allow compounding pharmacies and facilities to keep providing the drugs while it reviews whether there is a shortage of their active ingredient. The compounding versions of the drugs are cheaper for patients than the brand-name versions.The decision was in response to a lawsuit brought on Monday by the Outsourcing Facilities Association, a compounding industry group. After the FDA's decision on Friday to reconsi...

‘Disappointed’ by reports of caucus revolt against Trudeau, says Trade Minister Ng – National

12Oct

By Aditi PawarNo Comments

Politics

‘Disappointed’ by reports of caucus revolt against Trudeau, says Trade Minister Ng – National

Trade Minister Mary Ng says she is “disappointed” by media reports of an internal revolt against Prime Minister Justin Trudeau within the Liberal caucus, reiterating her confidence in Trudeau’s leadership. Media reports, in outlets such as the CBC and the Toronto Star, said a “growing number” of Liberal MPs were mounting efforts to pressure Trudeau to step down. Global News has not independently confirmed those media reports. A CBC report said fears around the Prime Minister’s dwindling popularity accelerated after the Liberals lost a byelection in a Montreal stronghold.The report, which cited multiple sources, said some MPs are being asked to sign their names on a document which “amounts to a pledge to stand together in calling for Trudeau to resign”.Mary Ng, who was on her way back from ...

Harris’ doctor reports she’s in ‘excellent health,’ as her campaign looks to draw a contrast with Trump

12Oct

By Aditi PawarNo Comments

Business

Harris’ doctor reports she’s in ‘excellent health,’ as her campaign looks to draw a contrast with Trump

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty ImagesVice President Kamala Harris is in "excellent health" and "possesses the physical and mental resiliency" required to serve as president, her doctor said in a letter released Saturday that summarizes her medical history and status.Dr. Joshua Simmons, a U.S. Army colonel and physician to the vice president, wrote that Harris, 59, maintains a healthy, active lifestyle and that her most recent physical last April was "unremarkable."She "possesses the physical and mental resiliency required to successfully execute the duties of the Presidency, to include those as Chief Executive, Head of State and Comma...

TD Bank pleads guilty, will pay $3 billion in fines

12Oct

By Aditi PawarNo Comments

Business

TD Bank pleads guilty, will pay $3 billion in fines

A TD bank stands in Brooklyn on June 04, 2024 in New York City. Spencer Platt | Getty ImagesTD Bank pleaded guilty Thursday to multiple criminal charges and agreed to pay a whopping $3 billion in fines and other penalties to the Department of Justice and financial regulators for failing to monitor money laundering by drug traffickers and other criminals.As part of the deal, TD Bank, whose U.S. unit is the 10th-largest American bank by assets, also will have limits to its growth imposed by the Office of the Comptroller of the Currency. The total assets of TD Bank's two U.S. banking subsidiaries will be barred from exceeding $434 billion under that restriction.The restrictions are similar to those imposed by the Federal Reserve on Wells Fargo in 2018 over what the Federal Reserve called "wid...

Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America

12Oct

By Aditi PawarNo Comments

Business

Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America

Chrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and announced major senior management changes as it struggles to turn around its lagging North American operations.Earnings and sales in the French-Italian automaker's traditional profit powerhouse have been declining, forcing it to cut its 2024 profit forecast last week and signal possible reductions to its dividend and share buybacks next year.Analysts have downgraded the company's stock, which has tumbled 42% this year after missteps in North America, where sales of popular products such as its Jeep and Ram trucks typically produce much of its profits.The confirmation of Tavares' retirement plans comes weeks after Stellantis said it was searching for his success...

World Arthritis Day 2024: Delaying knee arthritis treatment can damage spine

12Oct

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Health

World Arthritis Day 2024: Delaying knee arthritis treatment can damage spine

Delay in proper knee treatment, timely detection and ignoring knee arthritis symptoms can worsen the condition of knees and additionally damage the spine affecting the quality of life, health experts said on Saturday on the occasion of the World Arthritis Day. Knee arthritis, particularly osteoarthritis, is a degenerative joint condition that primarily affects adults. It causes pain, stiffness, and reduced mobility in the knees, often making everyday activities difficult. However, according to experts, the repercussions of untreated or poorly managed knee arthritis extend far beyond the knee join. Dr L Tomar from Max Hospital said that in more than 70 per cent cases, osteoarthritis is the commonest reason for knee arthritis. Osteoarthritis causes more progressive damage to the medial ...

12Oct

By Aditi PawarNo Comments

Business

JPMorgan Chase (JPM) earnings Q3 2024

JPMorgan Chase posted third-quarter results that topped estimates for profit and revenue as the company generated more interest income than expected.Here's what the company reported:Earnings: $4.37 a share vs. $4.01 a share LSEG estimateRevenue: $43.32 billion, vs. $41.63 billion estimateJPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion. Net interest income rose 3% to $23.5 billion, exceeding the $22.73 billion StreetAccount estimate, on gains from investments in securities and loan growth in its credit card business.CEO Jamie Dimon touted the firm's quarterly results in a statement, while also addressing regulators' sweeping efforts to force banks to hold more capital and expressing concern about rising geopolitical risks, saying...

Chinese finance minister hints at increasing the deficit at highly anticipated briefing

12Oct

By Aditi PawarNo Comments

Business

Chinese finance minister hints at increasing the deficit at highly anticipated briefing

Lan Fo'an, China's finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People's Bank of China (PBOC), listen during a news conference on the sidelines of the National People's Congress in Beijing, China, on Wednesday, March 6, 2024.Bloomberg | Bloomberg | Getty ImagesBEIJING — China's Minister of Finance Lan Fo'an told reporters Saturday during a highly anticipated press briefing that the central government has room to increase debt and the deficit.He emphasized that the space for a deficit increase is "rather large," but noted such policies are still under discussion, according to CNBC's translation of the Chinese.Economists have insisted that China needs additional fiscal support, b...