January 2024 - Page 11 of 15

S.E.C. Social Media Hack That Sent Bitcoin Soaring Prompts Investigation

Jan

S.E.C. Social Media Hack That Sent Bitcoin Soaring Prompts Investigation

The hack of a social media account used by the Securities and Exchange Commission is prompting both internal and external investigations into how the security breach occurred and whether anyone tried to profit from it, said the commission and several legal experts.The S.E.C. said in a statement on Wednesday that it was coordinating an investigation into the hack that occurred the prior day “with appropriate law enforcement entities, including the S.E.C.’s Office of the Inspector General and the F.B.I.”John Reed Stark, a former S.E.C. enforcement lawyer and regulatory consultant on cybersecurity, said the commission’s inspector general would need to investigate…

Israel-Hamas War Live Updates: Latest on Gaza Fighting and Blinken’s Visit

Jan

By Kyle C. Garrison

Politics

Israel-Hamas War Live Updates: Latest on Gaza Fighting and Blinken’s Visit

With a vast chasm between how Israelis see the war in Gaza and how much of the world does, Israel’s leaders have taken to adopting different rhetoric when addressing the two audiences about how its military campaign against Hamas will be conducted over the year ahead.Israeli officials have begun to tell the international news media that its forces are shifting to a less intense phase of operations, particularly in northern Gaza, amid international alarm at the scale of destruction and civilian casualties in the territory.But after those comments were published on Monday, Israeli leaders sought to reassure the Israeli public…

F.D.A. Warned of Mental Side Effects from Asthma Drug, Singulair. Few Were Told.

Jan

By Kyle C. Garrison

Politics

F.D.A. Warned of Mental Side Effects from Asthma Drug, Singulair. Few Were Told.

In early 2020, the Food and Drug Administration responded to decades of escalating concerns about a commonly prescribed drug for asthma and allergies by deploying one of its most potent tools: a stark warning on the drug’s label that it could cause aggression, agitation and even suicidal thoughts.The agency’s label, which was primarily aimed at doctors, was supposed to sound an alert about the 25-year-old medication, Singulair, also known by its generic name, montelukast. But it barely dented use: The drug was still prescribed to 12 million people in the United States in 2022.Children face the greatest risks of the…

Michigan stymies Michael Penix Jr., Washington to claim first national championship since 1997 season

Jan

By Kyle C. Garrison

Politics

Michigan stymies Michael Penix Jr., Washington to claim first national championship since 1997 season

By Lauren Merola, Max Olson, Austin Meek, Jim Trotter and Nicole AuerbachIt’s been 26 years, but finally, no one has it better than Michigan.The Wolverines rushed for 303 yards and held flame-throwing Washington quarterback Michael Penix Jr. in check to emerge as the College Football Playoff national champion with a 34-13 defeat of the Huskies on Monday night at NRG Stadium in Houston. The win marked Michigan’s first national title since 1997 and the completion of a long-anticipated return to the top of college football under head coach Jim Harbaugh.The Wolverines, who entered the night ranked second in the FBS…

Jan

By Kyle C. Garrison

Science and Technology

A.I. Giant Tied to China Under Scrutiny

A U.S. congressional committee has asked the Commerce Department to look into whether a giant technology company controlled by the ruling family of the United Arab Emirates should be put under trade restrictions because of its ties to China.The company, G42, specializes in artificial intelligence and other emerging technologies, and is overseen by Sheikh Tahnoon bin Zayed, the national security adviser of the Emirates and a younger brother of the country’s ruler.It has signed recent agreements with prominent American technology companies, including Microsoft, Dell and OpenAI. A Silicon Valley chip firm, Cerebras, is building a supercomputer for G42 to create…

U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy

Jan

By Kyle C. Garrison

Investments and Business

U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy

U.S. Steel is an iconic example of the lost manufacturing muscle that President Biden says his economic policies will bring back to the United States.But last month, the storied-but-diminished company announced plans to be acquired by a Japanese competitor. That development has put Mr. Biden in an awkward bind as he tries to balance attempts to revitalize the nation’s industrial sector with his efforts to rebuild international alliances.Mr. Biden’s administration has expressed some discomfort with the deal and is reviewing the proposed $14.1 billion takeover bid by Japan’s Nippon Steel. The company is offering a hefty premium for U.S. Steel,…

Mário Zagallo, Longtime Fixture of Brazilian Soccer, Dies at 92

Jan

By Kyle C. Garrison

Politics

Mário Zagallo, Longtime Fixture of Brazilian Soccer, Dies at 92

Mário Zagallo, who as both a player and coach helped lead Brazil to four World Cup soccer championships, becoming a national hero and one of only three people to lift the tournament’s trophy in both roles, died on Friday in Rio de Janeiro. He was 92.His death was confirmed by his family on his social media channels. Barra D’Or Hospital in Rio de Janeiro, where he had been a patient several times in recent months, said the cause was multiple organ failure.An attack-minded wing as a player and a tactically minded coach known as “the Professor,” Zagallo was part of…