Citigroup employee who ran popular QAnon site put on leave

Citigroup employee who ran popular QAnon site put on leave

Citigroup said it has placed an employee on paid leave after he was unmasked as the operator of a popular website linked with the conspiracy group QAnon. Jason Gelinas — a 48-year-old resident of Berkeley Heights, New Jersey, who is a senior vice president in the technology group at Citi, according to a now-defunct LinkedIn … Read more

NY Fed COO Michael Strine to retire next year

NY Fed COO Michael Strine to retire next year

Michael Strine, first vice president and chief operating officer for the New York Federal Reserve, will retire early next year, the New York Fed said Thursday. Strine, who is an alternate voting member of the US central bank’s policy-setting Federal Open Market Committee, will retire on Feb. 28, 2021, when he completes his current term.

NY charges Johnson & Johnson with fraud over opioid claims

NY charges Johnson & Johnson with fraud over opioid claims

New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Cuomo said the charges by New York’s Department of Financial Services in that regulator’s opioid industry probe follow charges against Teva Pharmaceutical Industries, Allergan, Endo International … Read more

Moderna expects COVID-19 vaccine trial results by November: CEO

Moderna expects COVID-19 vaccine trial results by November: CEO

Biotech firm Moderna expects to know by November whether its coronavirus vaccine is effective at warding off the deadly disease, CEO Stephane Bancel said Thursday. Massachusetts-based Moderna says it has enrolled 25,296 people in the late-stage clinical trial of its COVID-19 vaccine that kicked off in July, one of three such studies currently underway in … Read more

Richard Branson’s blank-check firm plots $460 million IPO

Richard Branson's blank-check firm plots $460 million IPO

British billionaire Richard Branson is getting in on Wall Street’s hottest trend: creating a company just to buy another one. The Virgin Group tycoon has founded a blank-check company called VG Acquisition Corp. that plans to raise up to $460 million through an initial public offering, securities records show. The firm is a special purpose … Read more

Majority of COVID-19 business closures are permanent: report

Majority of COVID-19 business closures are permanent: report

Nearly 60 percent of businesses that closed nationwide during the COVID-19 pandemic are never reopening again, according to a report. The vast majority of those businesses are restaurants and gift stores, according to Yelp’s Local Economic Impact Report, a monthly survey of business listings. As of Aug. 31, 163,735 businesses were listed as closed, with … Read more

BlackRock CEO Larry Fink thinks working from home is here to stay

BlackRock CEO Larry Fink thinks working from home is here to stay

The coronavirus will likely leave a permanent mark on the world’s largest asset management company, and CEO Larry Fink isn’t thrilled about it. “I don’t believe BlackRock will be ever 100 percent back in office,” the New York company’s billionaire chairman and chief executive revealed on Thursday. “I actually believe maybe 60 percent or 70 … Read more

FTC preparing possible antitrust lawsuit against Facebook: report

FTC preparing possible antitrust lawsuit against Facebook: report

Facebook’s dominance in the social networking space has reportedly put it in the Federal Trade Commission’s crosshairs. The tech giant could be hit by an antitrust lawsuit as soon as the end of this year, the Wall Street Journal reports, as the regulator examines whether Facebook has used its market dominance to quash competition. The … Read more