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Tesla Inc boss Elon Musk wins defamation trial over 'pedo guy' tweet

A U.S. District Court jury in Los Angeles on Friday found in favor of Tesla Inc boss Elon Musk in the defamation lawsuit brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter. The plaintiff, Vernon Unsworth, was seeking $190 million damages against Musk, who during the trial estimated his net worth at $20 billion. …read more […]

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UPDATE 1-Bristol-Myers, bluebird therapy for multiple myeloma succeeds in mid-stage trial

Bristol-Myers Squibb Co and bluebird bio Inc said on Friday their experimental therapy for a type of multiple myeloma met the main goal in a mid-stage study. The study evaluated the efficacy and safety of the therapy, Ide-cel, in patients who had received three prior treatments for multiple myeloma, a cancer of the white blood cells, the companies said. The therapy belongs to a class of drugs known as chimeric antigen receptor T-cell therapy or CAR-T, which involves drawing white blood cells from a patient, processing them in the lab to target cancer, and infusing the cells back …read more […]

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Ericsson Pays $1 Billion, Unit Pleads Guilty, in U.S. Settlement

(Bloomberg) — A unit of Ericsson AB pleaded guilty to foreign bribery and the parent company agreed to pay more than $1 billion to resolve a long-running U.S. corruption investigation involving payoffs in Asia and the Middle East.The Stockholm-based company admitted to a years-long campaign of corruption aimed at solidifying its grip on telecommunications business, U.S. Attorney Geoffrey S. Berman in Manhattan said in announcing the settlement that outlined tens of millions of dollars in illicit payments in five countries.“Through slush funds, bribes, gifts and graft, Ericsson conducted telecommunications business with the guiding principle that ‘money talks,’” Berman said in …read more […]

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UPDATE 1-FAA seeks $3.9 mln fine from Boeing for defective parts on 737 NG planes

The Federal Aviation Administration (FAA) said on Friday it seeks to impose a $3.9 million fine on Boeing Co, alleging it failed to prevent the installation of defective parts on about 130 737 NG airplanes. In a statement on Friday, Boeing did not admit liability but said they were aware of the FAA’s concerns. The company has 30 days to respond either by paying the fine or challenging it; Boeing said it would review the penalty. …read more […]