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SAVA Stock Rockets After SEC Clears Data Manipulation Case

The Securities and Exchange Commission reportedly cleared an investigation into Cassava Sciences (SAVA), leading SAVA stock to hit a seven-month high Thursday. X On today’s stock market, SAVA stock rocketed 35.7% to 51.06. Last November, the SEC launched an investigation into Cassava’s simufilam research. Scientists — who also held short positions in SAVA stock — …

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Twitter founder Jack Dorsey to be deposed in Twitter v. Musk case

Dorsey — who stepped down as CEO of Twitter last November and remained on the board until late May — was previously subpoenaed by Musk’s team for a wide range of information, including all documents and communications regarding the merger agreement as well as those “reflecting, referring to, or relating to the impact or effect …

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Dow Jones Futures: Stock Market Selling Resumes As This Bull Case Turns Bearish; FedEx Dives

Dow Jones futures fell overnight, along with S&P 500 futures and Nasdaq futures, with FedEx (FDX) plunging overnight on weak earnings and guidance. The stock market rally continued to weaken, with the major indexes wiping out Wednesday’s slim-to-modest bounce, while Treasury yields are near long-term highs. X The market is still coming to grips with …

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Home prices weaken but are still much higher than a year ago: S&P Case Shiller

A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesHome prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices.That’s a weaker pace than in May of this year, which showed an 19.9% …

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Musk’s legal team to depose whistleblower Peiter Zatko in Twitter case

The subpoena, which was sent Thursday and filed publicly on Monday, comes days after Zatko publicly blew the whistle on the social media company, alleging that it has serious privacy and security vulnerabilities that could put users, investors and US national security at risk. The disclosure’s timing is fortuitous for Musk, who is fighting a …

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3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.comRegisterAug 26 (Reuters) – 3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. …

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The Justice Department is considering an antitrust case against Apple

So far, the biggest tech antitrust cases have focused on Facebook and Google — but Apple may soon be joining the pack. Politico is reporting that the Department of Justice is in the early stages of drafting an antitrust case against Apple, alleging that the company “abused its market power to stifle smaller tech companies, …

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Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.”It’s real money for real people,” …

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