Fraudulent Pre-IPO Stock

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Fraudster, Shamoon Rafiq, pleaded guilty to conspiracy to commit securities and wire fraud after a scheme to sell fake pre-IPO equity in Airbnb. Questions: Source: Goswami, R. (2024). Fraudster who peddled fake pre-IPO Airbnb stock falsely claimed to represent Egypt’s Mansour family. CNBC.com, Feb. 27 (Retrievable online at https://www.cnbc.com/2024/02/27/fraudster-impersonated-mansour-family-to-peddle-fake-airbnb-equity.html)

Harvard Business School Graduate Levies Ponzi Scheme Aimed at Alums

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According to CNBC, Harvard Business School graduate, Vladimir Artamonov lured fellow alumni into a Ponzi investment scheme. Questions: Source: Nova, A. (2024) Harvard Business School grad’s Ponzi scheme swindled alums out of $2.9 million, New York attorney general says. CNBC.com, Feb. 29 (Retrievable online at https://www.cnbc.com/2024/02/29/harvard-business-school-grad-allegedly-swindled-alums-with-ponzi-scheme.html)

We Committed, but We’re Doing a “Take-Back”

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According to the New York Times, financial giants are trimming their climate pledges amid Republican attacks. Questions: Source: Gelles, D. More Wall Street Firms Are Flip-Flopping on Climate. Here’s Why. The New York Times, Feb. 19 (Retrievable online at https://www.nytimes.com/2024/02/19/business/climate-blackrock-state-street-jpmorgan-pimco.html)

Will The Future Ever Looks Like This?

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According to the New York Times, “natural asset companies” would put a market price on improving ecosystems, rather than on destroying them. Questions: Source: DePillis, L. (2024). Nature Has Value. Could We Literally Invest in It? The New York Times, Feb. 18 (Retrievable online at https://www.nytimes.com/2024/02/18/business/economy/natural-assets.html)

Meta Vows to Label AI

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According to ABC News, Meta will begin labeling images created by artificial intelligence products. Questions: Source: Staff (2024). Meta will begin labeling AI-generated images, citing ‘blurred’ reality online. ABC News, Feb 6 (Retrievable online at https://www.msn.com/en-us/news/technology/meta-will-begin-labeling-ai-generated-images-citing-blurred-reality-online/ar-BB1hS8ho)

Estate of George Carlin Sues Over AI Comedy Special

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According to the Washington Post, George Carlin’s estate is suing the creators of an online comedy special that claimed to imitate the late comedian’s voice and sense of humor using artificial intelligence. Questions: Source: Chery, S. (2024) George Carlin’s estate sues over AI comedy special. The Washington Post, January 26 (Retrievable online at https://www.msn.com/en-us/news/us/george-carlin-s-estate-sues-over-ai-comedy-special)

Dietary Supplement or Over the Counter Opiod?

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According to the New York Times, tianeptine, found at convenience stores, at smoke shops and online, can mimic an opioid. It is among a growing class of dietary supplements that are difficult to control. Questions: Source: Hoffman, J. (2024). ‘Gas-Station Heroin’ Sold as Dietary Supplement Alarms Health Officials. The New York Times, Jan. 10 (Retrievable… Read more »

Changing relations with China require reconsideration of AI lab

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According to the New York Times, when Microsoft opened an advanced AI research lab in Beijing in 1998, it was a time of optimism about technology and China. Questions: Source: Weise, K., C. Metz, and D. McCabe (2024). Microsoft Debates What to Do With A.I. Lab in China. The New York Times, Jan 10 (Retrievable online… Read more »

Hacker surprise sets off brief market frenzy!

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According to the Washington Post, a false hacker post at the SEC’s official account on the social media platform X (previously Twitter), set off a brief frenzy among crypto traders before the agency regained control. Questions: Source: Menn, J. (2024). Hackers seize control of SEC’s X account to promote crypto. The Washington Post, Jan. 10… Read more »

No Deal

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According to Reuters, U.S. health insurer, Cigna (CI.N) has ended its attempt to negotiate an acquisition of rival Humana (HUM.N) after the pair failed to agree on price. Questions: 2. Cigna is still exploring the sale of its Medicare Advantage business. What does this segment focus on? 3. Cigna is planning to do a total of how much total… Read more »