Userba011d64_201/iStock via Getty Images A bipartisan group of U.S. senators has introduced legislation intended to counter the rise of deepfakes and protect creators from theft through generative artificial intelligence. “Artificial intelligence has given bad actors the ability to create deepfakes of every individual, including those in the creative community, toContinue Reading
stocknshares The U.S. Senate has passed a bill aimed at easing the entrance of biosimilars and other generic drugs onto the U.S. market by preventing drugmakers from creating “patent thickets” to hinder competition. The bill, called the Affordable Prescriptions for Patients Act, was sponsored by U.S. Sens. John Cornyn (R-TX)Continue Reading
Michael M. Santiago/Getty Images News Bill Hwang, founder of Archegos Capital Management, has been convicted of fraud and market manipulation that led to the hedge fund managing over $36B in assets at its peak, before its collapse in 2021. The verdict followed an eight-week trial, with the jury finding HwangContinue Reading
baileystock Tesla Inc. (NASDAQ:TSLA) is “acting like a meme stock,” said investor and fund manager Bill Gross, in an X post. The American investor and co-founder of PIMCO tweeted that Tesla (TSLA) has “sagging fundamentals, and straight up price action.” The stock is up about 6% year-to-date, but went upContinue Reading
Douglas Rissing/iStock via Getty Images Pot stocks traded lower on Tuesday after a key House committee approved a spending bill that included measures to prevent the Department of Justice from rescheduling cannabis to a low-risk category. The GOP-led House Appropriations Committee voted 31-26 to approve the bill titled, the CommitteeContinue Reading
Bryan Bedder Pershing Square Capital Management (“PSCM”), the investment firm led by billionaire Bill Ackman, has set the initial offering price of its U.S. closed-end fund at $50 per share, according to an SEC filing dated Friday. The fund, known as Pershing Square USA, plans to charge a management feeContinue Reading
