The Food and Drug Administration’s acting commissioner on Friday called for a federal investigation into officials within her own agency who reportedly met with the makers of an Alzheimer’s drug ahead of its controversial approval last month by the FDA. Acting Commissioner Janet Woodcock called on the independent Office of the Inspector General to investigate … Read more
Cryptocurrency company Bullish announced on Friday it had agreed to go public on the New York Stock Exchange through a merger with Far Peak Acquisition, a special purpose acquisition company led by ex-NYSE president Thomas Farley, in a $9 billion deal. Bullish, a unit of blockchain software company Block.one, plans to launch a regulated crypto exchange later … Read more
So-called meme stocks are falling out favor with investors as prices tumble and interest in them wanes. Purchases of meme stocks, which include GameStop, AMC, Bed Bath & Beyond and others, fell sharply last week, according to data from Vanda Research. Purchases of meme stocks tumbled to $360 million in value, down from a peak … Read more
The CEO of the Dippin’ Dots ice cream empire, who’s been accused of waging a revenge porn campaign against his ex-girlfriend, reportedly admitted that he sent a photo of her to his ex’s mother. In a June 29 court filing that was reviewed by Insider, an attorney for Scott Fischer, the ice cream executive, denied … Read more
Digital payments processor Stripe, the most valuable US technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter. The 11-year-old company, which was valued by investors at $95 billion in a fundraising round in March, has sat … Read more