Share to Twitter Share to Linkedin Topline TikTok on Wednesday unveiled a strategy for fighting misinformation ahead of the midterm elections, including a ban on paid political content from influencers, after Facebook and Twitter also outlined a series of steps to prepare for the November election after facing a barrage of criticisms for fueling the spread of false information during previous elections. Key Facts TikTok will launch an Elections Center this week to “connect people” with “authoritative information” about voting in more than 45 languages, which the company will link to through labels, TikTok’s Head of Safety Eric Han wrote in a blog post . TikTok is reinforcing its 2019 ban on paid political advertising to include paid content from influencers as well, after challenges arose during the 2020 election educating influences on that rule, Han said. The plans come a day after Facebook’s parent company Meta briefly shared some … [Read more...] about TikTok Blocks Influencers From Creating Paid Political Content Ahead Of Midterms—Here’s How Social Media Platforms Are Preparing
Law firms on social media
Who is Drew Findling? #BillionDollarLawyer defends Trump in Georgia election probe
It’s hard to keep track of all Donald Trump’s legal woes, both in and out of office, not to mention the cast of characters who’ve been hired to defend the former president. In Georgia, a grand jury is inquiring into Trump’s seeming attempt to change the outcome of the state’s 2020 election results, including the infamous call in which he requested the secretary of state “find 11,780 votes.” In this particular legal battle, instead of turning to another haphazard right-wing media pundit to defend him, Trump has tapped the famed #BillionDollarLawyer, Drew Findling. Here’s what we know about Trump’s new lawyer: advertisement Trump and Findling are polar opposites. According to Findling’s social media presence , he is a pro-choice, anti-mass-incarceration advocate who gives speeches on defending battered woman syndrome cases. Findling and his new conservative client do have one thing in common: They’ve been regulars on Fox News. Findling has shared … [Read more...] about Who is Drew Findling? #BillionDollarLawyer defends Trump in Georgia election probe
Walmart, Walgreens, CVS ordered to pay $650.6M in US opioid case
A federal judge ordered Walmart, Walgreens and CVS on Wednesday to pay $650.6 million to two Ohio counties plagued by the US opioid crisis. The penalties will account for the companies’ “roles in failing to control the spread of deadly and addictive prescription opioids,” said plaintiffs’ lawyers at the Lanier Law Firm. “The award will allow Lake and Trumbull counties to fund education and prevention programs and reimburse local agencies and organizations for costs incurred to manage the crisis.” More than 500 opioid overdose deaths in the two counties between 2015 and 2019 “could be directly or indirectly linked” to prescription opioids or prescription painkillers, the Lanier firm said, citing testimony presented during the litigation. The order from US District Judge Dan Polster follows a November 2021 jury verdict against the same companies that found the three acted illegally in creating an “oversupply” of the drugs. The case had been the first instance in which … [Read more...] about Walmart, Walgreens, CVS ordered to pay $650.6M in US opioid case
Activist shareholder’s plan to sell Bed Bath & Beyond stake fuels rout
- A + A TORONTO/NEW YORK (Aug 18): Five months after disclosing a stake in Bed Bath & Beyond Inc, activist shareholder Ryan Cohen wants out, sparking a sell-off in the shares of the home goods retailer. The Union, New Jersey-based company slumped as much as 29% to US$16.34 (RM73.10) on Thursday, in its biggest one-day drop since last September, after Cohen's RC Ventures said in a filing with the US Securities and Exchange Commission that it might sell as many as 7.78 million shares of Bed Bath & Beyond, along with some call options. Bed Bath & Beyond shares have been on a tumultuous ride this year with its stock soaring by the most on record when, in March, RC Ventures first disclosed a 9.8% stake in the retailer and asked it to consider a sale of the company. Since then, Cohen reached an agreement on the addition of three independent directors to the retailer's board and pushed for the exit of chief executive officer Mark Tritton. The company … [Read more...] about Activist shareholder’s plan to sell Bed Bath & Beyond stake fuels rout
Watch: Man wrestles shark at New York beach in terrifying video
The video is from a beach in Long Island. (Image credit: Instagram) A video of a man wrestling a shark at a beach in Long Island in New York has terrified social media users, amid several attacks and sightings in the area. The video clip showed the man trying to drag the shark to the shore while the fish angrily thrashed about in the water. Someone in the background was heard exclaiming in fear. A witness at the beach told The New York Post that the man had accidentally caught the shark, apparently a sand tiger shark, while fishing and was trying to get it to the shore to unhook it. View this post on Instagram A post shared by Only In Mastic (@only_in_mastic) He was eventually able to free the fish with another person's help. Close The video was widely shared on social networks. In response to one post, a research scientist named David Shiffman highlighted that the shark in the video belonged to a protected species. … [Read more...] about Watch: Man wrestles shark at New York beach in terrifying video
Bipasha Basu, Karan Singh Grover announce pregnancy, share baby bump photos
Bipasha Basu and Karan Singh Grover shared photos of the actor's baby bump on social media. (Image: @bipashabasu/Instagram) Actor couple Bipasha Basu and Karan Singh Grover on Tuesday said they are soon set to welcome their first child. Basu, 43, and Grover, 40, made the announcement on their official social media pages amid reports of pregnancy. "A new time, a new phase, a new light adds another unique shade to our prism of life. Making us a little more whole than we used to be. We began this life individually and then we met each other and from then we were two. Too much love for only two, seemed a little unfair for us to see…so soon, we who once were two will now become three," they said in a joint statement along with the pictures of Basu showing off her baby bump. View this post on Instagram A post shared by bipashabasusinghgrover (@bipashabasu) The couple, who first worked together on the 2015 film "Alone", tied the knot in 2016. They … [Read more...] about Bipasha Basu, Karan Singh Grover announce pregnancy, share baby bump photos
Treasury taps City of London again in latest push to buoy IPOs
- A + A (Aug 18): The UK government is holding talks with senior finance executives to find ways to stimulate demand for listings, the latest initiative that aims to boost the City of London after Brexit. Nadhim Zahawi, the Chancellor of the Exchequer, and Treasury officials are holding a series of informal discussions with senior bankers and other executives in the City to find new ways to stimulate investor demand in a bid to help attract more listings to London, boosting its competitiveness with New York, people familiar with the discussions said. Ideas that are under consideration include setting up a dedicated fund that would invest in equity offerings and incentivising institutional as well as retail investors to participate in share sales, people familiar with the matter said, asking not to be identified discussing private matters. Risk-averse fund managers are seen as a particular hurdle to a thriving equity capital market in London, one of the people said. … [Read more...] about Treasury taps City of London again in latest push to buoy IPOs
Finland PM Sanna Marin responds to drug use allegations after leaked party video
Finland's Sanna Marin has been slammed for a leaked video which shows her partying. (Image credit: visegrad24/Twitter) Finland’s Prime Minister Sanna Marin has denied taking drugs after a video of her drinking, dancing and partying with friends emerged on social media Wednesday. Finnish media reported that people in the background of the video were heard yelling about cocaine – a fact that sparked massive backlash against the 36-year-old Finnish prime minister, who has previously been forced to apologise for partying in a nightclub after coming in contact with a Covid-positive colleague. Sanna Marin addressed the controversy around the video in a press conference Thursday morning, denying that she had used drugs. “I danced, sang, and partied - perfectly legal things. And I've never been in a situation where I've seen or known of others [using drugs],” she said according to the BBC . Marin was filmed dancing at the party with several other prominent personalities, … [Read more...] about Finland PM Sanna Marin responds to drug use allegations after leaked party video
U.S. retail traders pile back into options as meme-stock mania flares
Traders work under signage for GameStop Corp. (NYSE: GME) on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., Aug. 8, 2022. REUTERS/Andrew Kelly NEW YORK – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors looking to place leveraged bets in hopes of outsized gains – has shot higher in recent weeks, with 10-day average daily trading volume at a more-than six-month high of nearly 25 million contracts, Trade Alert data showed. The rise in options trading comes amid wild rallies in the shares of companies popular with retail investors, led by Bed, Bath & Beyond, whose stock is up about 360 percent this month. More seasoned meme-stock names such as GameStop and AMC Entertainment have surged as well, … [Read more...] about U.S. retail traders pile back into options as meme-stock mania flares
Gov’t to borrow from small creditors starting next week
The Marcos administration will borrow from small creditors, through the sale of Retail Treasury Bonds (RTBs), starting next week to help finance projects aimed at boosting the country’s recovery from the pandemic. The Bureau of the Treasury (BTr) is expected to initially sell P30 billion worth of the RTBs in an auction on Tuesday, Aug. 23. This will be held instead of the earlier scheduled treasury bond auction for that day which the BTr has already canceled. On its social media site, the BTr has advertised the offering of the RTBs for “investments” of at least P5,000 to retail investors. It will be the first RTB issuance under the Marcos administration but the 28th for the Philippines overall. National Treasurer Rosalia de Leon neither confirmed nor denied the forthcoming fund-raising through RTBs. While RTBs are borrowings, the BTr usually pitches it as an investment option for retail investors, given its higher annual yields compared to bank accounts and other investment … [Read more...] about Gov’t to borrow from small creditors starting next week