Markets


One man pulled alive from landslide in Shenzhen, China One man pulled alive from landslide in Shenzhen, China
- December 26, 2015

Two of those are the parents of 6-year-old Hong Laibao, who were delivering goods at the industrial park when the landslide occurred, engulfing factory buildings and homes. Wang Guoshe, head of the Guangdong fire department, said locating the tops of buried buildings was the current main task, so that signs of life could be found more accurately. (more...)
One Man Pulled Alive from Landslide in China's Shenzhen One Man Pulled Alive from Landslide in China's Shenzhen
- December 25, 2015

Tian was confirmed as one of the 76 listed as officially missing after the disaster, the Guangdong fire department said . One man was pulled out of debris alive early Wednesday morning, more than 60 hours after a landslide hit an industrial park in the southern city of Shenzhen on Sunday. (more...)
Record heat to hit East Coast on Christmas Eve Record heat to hit East Coast on Christmas Eve
- December 25, 2015

Temperatures on Thursday will shatter record highs as they climb into the lower 70s. The mercury hit 64 degrees at 12:01 a.m., topping the all-time December 24 high temperature of 63 degrees set in 1996, according to AccuWeather . The unseasonable warmth will continue today and ABC11 Meteorologist Don "Big Weather" Schwenneker says we'll likely see the warmest Christmas Eve in 129 Years. (more...)
CDC investigating five new cases of E.coli linked to Chipotle
- December 24, 2015

For this round of fun, the outbreak is located in North Dakota, Oklahoma, and Kansas. "It has caused us to put in place practices that our epidemiologist expert...says will put us 10 to 15 years ahead of industry norms", Steve Ells, Chipotle's co-CEO, said in an interview on December 10. (more...)
Martin Shkreli's Twitter account gets hacked - offers followers free money and
- December 24, 2015

On Monday, the pharma company announced that he had been terminated as the chief executive and also reported that he has resigned from his board seat on Thursday when he was arrested . That's because Shkreli's Twitter account had reportedly been hacked. Amid mounting criticism from patients, doctors and politicians, Shkreli pledged to lower Daraprim's price, but later reneged and instead offered hospitals a 50 percent discount - still amounting to a 2,500 percent increase. (more...)
Reviled CEO in custody after securities probe Reviled CEO in custody after securities probe
- December 24, 2015

The details on Martin Shkreli's scheme are detailed in a write up by The Inquisitr , which goes into even more details about the arrest of his lawyer, which another source The Heavy goes into even further; a list of his history as a lawyer and the latest accusations against him. (more...)
KaloBios fires former Turing CEO Martin Shkreli after his arrest
- December 24, 2015

The allegations brought against him include using money from Retrophin, his first pharmaceutical company, to settle his debts related to his hedge fund and investors, and duping his investors in hedge funds. He planned to seek FDA approval for the drug, benznidazole, which he would then price anywhere from $60,000 to $100,000 per course of treatment. No replacement to serve in Shkreli's role has been announced by KaloBios. (more...)
Martin Shkreli Fired as KaloBios CEO
- December 24, 2015

USA authorities brought charges against Shkreli on Thursday. The FBI has accused Mr Shkreli of using assets from his former company, Retrophin, to illegally pay off debts at MSMB, the hedge fund he managed. Referring to the individuals as "10-year-olds", Shkreli blasted the cyber-pirates after they posted a series of expletive-laden messages - which mocked the millionaire for not only raising the price of Daraprim, but boasting about his riches in the months that followed. (more...)
Shkreli resigns as Turing Pharmaceuticals CEO
- December 24, 2015

The charges were first reported by both Reuters and Bloomberg - which only yesterday was reporting on Shkreli's skills at short selling. Brooklyn U.S. Bernie Sanders returned a donation from Shkreli. "His company, Turing Pharmaceuticals , and others, like Valeant Pharmaceuticals, have come under fire from lawmakers and consumers for profiting from steep price increases for old drugs". (more...)
Martin Shkreli Starts Youtube Live Stream A Day After Leaving Jail Martin Shkreli Starts Youtube Live Stream A Day After Leaving Jail
- December 24, 2015

Retrophin's board removed Shkreli as chief executive in September 2014, saying he used the company's funds to pay off investors who lost money at his hedge fund. Public documents reviewed by CNBC also reveal that some shareholders of Massachusetts-based SeraCare "were not convinced the offer" from Shkreli's fund "was serious". (more...)
Martin Shkreli blames drug price increases for arrest
- December 24, 2015

He became the subject of widespread scorn in September for defiantly raising the price of Daraprim from $13.50 to $750 a pill, an increase he defended as "a good business decision". Shkreli is accused of reclassifying an equity investment from his defunct hedge fund, MSMB Capital Management, after it lost millions and made Retrophin pick up the tab as a loan. (more...)
Turing exec Martin Shkreli calls fraud charges 'baseless and without merit'
- December 23, 2015

Mr. Shkreli was arrested last Thursday because of securities fraud. On Monday, the pharma company announced that he had been terminated as the chief executive and also reported that he has resigned from his board seat on Thursday when he was arrested . (more...)
Busted for securities fraud, Martin Shkreli resigns from Turing
- December 23, 2015

Hunter College announced today that Hunter College High School has received the largest single gift in the high school's 101-year history - a $1 million donation from health care investor and entrepreneur Martin Shkreli. According to a representative for the business mogul, Shkreli is confident he will be cleared of all charges. Shkreli has previously said that his goal is to use his financial gains to develop new drugs and that he gives much of his company's medicine away for pennies. (more...)
KaloBios fires Shkreli, embattled pharmaceutical executive reviled for price hikes
- December 23, 2015

KaloBios, which had been in severe financial straits before Shkreli's involvement, did not name a replacement, not even on an interim basis. Shkreli resigned from Turing Pharmaceuticals following his arrest. Shkreli has since said that law enforcement targeted him because of the price hike. So you've just hacked into Martin Shkreli's Twitter account, and have the social media influence of one of the world's most reviled humans at your fingertips. (more...)
Ending Mystery, Adelson Family Says It Bought The 'Las Vegas Review Ending Mystery, Adelson Family Says It Bought The 'Las Vegas Review
- December 23, 2015

Adelson, a major GOP donor, said at the debate that he had "no personal interest" in owning the paper. In the last presidential campaign, he and his wife, Miriam, spent about $100 million and the couple are expected to generously help whomever they endorse for president in 2016. (more...)
Pharma CEO Martin Shkreli Arrested For Securities Fraud (Top Story)
- December 23, 2015

This time he's trying to increase the price over 100,000%. "We hope that Martin Shkreli's departure will mark the end of Turing Pharmaceuticals' reckless price hikes on life-saving medications", said Olivia Alair Dalton, HRC's Senior Vice President for Communications and Marketing. (more...)
Martin Shkreli fired from another pharma company after arrest Martin Shkreli fired from another pharma company after arrest
- December 23, 2015

In the indictment, he is accused of diverting capital from another pharmaceutical company, Retrophin, in order to pay back investors who lost money in his fund, among other charges. Retrophin, which fired him more than a year ago when it was first alleged that he misappropriated funds. KaloBios Pharmaceuticals said it "terminated" Shkreli as CEO. (more...)
Pharmaceutical executive Martin Shkreli's Twitter account hacked
- December 23, 2015

Thursday afternoon, Shkreli entered a not-guilty plea and was released on a $5 million bond. Federal officials described Shkreli's crimes as a quasi-Ponzi scheme in which he used money from Retrophin to pay off money-losing investors in his hedge funds. (more...)
Yes, a GOP Megadonor Did Secretly Buy Nevada's Biggest Newspaper
- December 23, 2015

The mystery of who owns the Las Vegas Review-Journal deepened Wednesday when a magazine identified casino magnate Sheldon Adelson as the buyer of Nevada's largest newspaper, hours after Adelson denied any ownership stake in the paper. Only q left unanswered - who owns the newspaper? "We believe deeply that a strong and effective daily newspaper plays a critical role in keeping our state apprised of the important news and issues we face on a daily basis", the statement said. (more...)
Martin Shkreli Terminated From Another Pharma Company
- December 23, 2015

He again insisted that he would be found not guilty of the securities fraud and conspiracy charges he now faces, charges for which he can be sentenced to 20 years if convicted. Shkreli bought his way into another company recently, in an attempt to repeat his previous drug price gouging act. Shkreli separately resigned from Turing's board on Friday. (more...)

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