Executives Defraud Chinese Pharmaceutical Company

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According to Bloomberg, China’s securities regulator blacklisted six executives for their role in a $4.2 billion accounting scandal at Kangmei Pharmaceutical Co., one of the country’s biggest drugmakers. Questions: What did the executives do? What did the firm admit to that allowed the fraud to occur? What was the problem with the fine ordered for… Read more »

What’s your following worth?

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According to The New York Times, as the coronavirus continues to disrupt lives and livelihoods, influencers are offering free money to Instagram followers and gaining a lot more in return. Questions: What are popular personalities paying fans to do? Where does the cash come from? Although the cash offers on Instagram may look like lifelines… Read more »

Deceptive Practices

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Progressive Leasing, which offers rent-to-own programs at major retailers like Best Buy and Lowe’s, has agreed to pay $175 million to settle allegations it misled consumers, the Federal Trade Commission said Monday. Questions: What trade violations did the complaint allege? Why did FTC Commissioner Rebecca Kelly Slaughter say that the settlement did not go far… Read more »

If You Have Dollars, We’re On Standby

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According to the New York Times, lobbyists are waiting in the wings as the Federal government opens up for coronavirus business. Questions: Which agency has been battling a lot of fraudulent products related to the coronavirus outbreak? How much money did Congress allocate to the EPA to facilitate faster regulatory processing of coronavirus-killing disinfectants? Explain… Read more »

What a Time to be Offline!

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According to BusinessInsider.com, Robinhood, a millennial favorite stock app, was offline for iPhone and Android users during the entire day, when the Dow made its biggest point gain ever. Questions: What do millennials see as the benefit of Robinhood? By how many points did the Dow Jones industrial average rise on Monday after the horrible… Read more »

Supply Chain Worries

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According to the New York Times, Amazon has recently responded to the coronovirus crisis by making larger and more frequent orders of Chinese-made products that had already been shipped to the United States, according to company emails and consultants who work with major brands. Questions: What midsummer event is Amazon already worried about? What are… Read more »

Bernie Ebbers, the Telecom myth

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According to the New York Times, the former chief of WorldCom, convicted in one of the largest corporate accounting scandals in U.S. history, died yesterday, just over a month after his early release from prison. Questions: What happened to World Com in 2002? How long was Ebbers sentence and what were the allegations against him?… Read more »

Micron Technology – Trade War, Ground Zero

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According to the New York Times, Micron Technology, an Idaho semiconductor company, is at the heart of Mr. Trump’s trade war. Questions: What products does Micron make? How is the trade deal meant to help Micron? How will the trade deal hurt Micron? What does the trade deal fail to do? Source: Swanson, A. and… Read more »

Netflix studios on a roll!

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After capturing the most 2020 Oscar nominations of any studio, Netflix stock is trading up 3.5%. Questions: Which film received the most nominations? Between Netflix movies and original series, how many total Oscar nominations did Netflix receive? How does this compare with its Golden Globe awards? According to Bloomberg data, what is the consensus price… Read more »

Ghosn Update

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According to the New York Times, Carlos Ghosn, former automobile CEO who proclaims his innocence, was aided in his escape from Japan by an American security consultant on a Turkish chartered jet. Questions: Who was the American security consultant? How did MNG Jet, the charter company, allow Ghosn on the plane? After Ghosn got to… Read more »