New court filings allege that Jane Street Group used a private Telegram channel with Terraform Labs insiders to gain advance knowledge of TerraUSD's collapse in May 2022. The lawsuit claims Jane Street sold nearly $192 million in TerraUSD before the stablecoin lost its peg and profited about $134 million from short positions during the ecosystem's downfall. The case highlights potential insider trading and violations of securities laws, with Jane Street denying the allegations. A 2023 federal ruling classifying TerraUSD as a security could strengthen the bankruptcy estate's claims against Jane Street.
The FDA has accepted ImmunityBio's supplemental Biologics License Application (sBLA) for ANKTIVA to treat BCG-unresponsive non-muscle invasive bladder cancer (NMIBC). This acceptance marks a key advancement for the company, with a PDUFA action date s...
Avaí Bio and Austrianova have completed a Master Cell Bank (MCB) of genetically modified cells that overexpress the α-Klotho protein, a key anti-aging protein. This milestone is crucial for producing consistent, safe cell-based therapies targeting ag...
The IT and digital infrastructure market is rapidly expanding due to increased enterprise spending on cloud computing, AI integration, cybersecurity, and managed services. The U.S. IT services market alone reached $405.7 billion in 2023 and is projec...
OpenAI and Google have significantly increased their AI investments in Singapore, establishing the city-state as a key AI hub in Asia-Pacific. OpenAI opened its first applied AI lab outside the U.S. in Singapore, backed by a S$300 million commitment,...
Holzer & Holzer, LLC announced approaching deadlines for investors to seek lead plaintiff status in shareholder class action lawsuits against Vital Farms, Super Micro Computer, and Aldeyra Therapeutics. These lawsuits allege misleading statements or ...
