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Musk defamation trial may head to jury after billionaire and diver spar in court

Elon Musk’s defamation trial could be in the hands of jury by the end of Thursday after the billionaire and the diver who is suing him sparred over the meaning and impact of a “pedo guy” tweet at the heart of the case. British cave explorer Vernon Unsworth testified on Wednesday he felt “branded a pedophile” despite Musk’s assertion that his “pedo guy” tweet was not meant to be taken literally. Unsworth’s appearance in a packed federal courtroom in Los Angeles came hours after Musk, the chief executive of electric carmaker Tesla Inc and founder of rocket …read more […]

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Biogen to make case to skeptics for its controversial Alzheimer's drug

Biogen Inc, looking to win over skeptics and health regulators, later on Thursday will present highly anticipated data on its experimental Alzheimer’s drug aducanumab, which the U.S. biotech company had declared a failure earlier this year. The turnabout has raised concern that the company is being more optimistic than its trial results warrant as it makes a case for a desperately needed treatment that, if approved, could be the first to slow progression of the mind-wasting disease. For Biogen, the financial prospects are enormous. …read more […]

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Oil Tankers Idling Off China Holds Key to Shipping Rates

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The fate of at least 15 oil tankers idling off the coast of China holds the key to determining the path of global freight rates.The vessels are owned by a unit of Chinese shipping giant COSCO that was sanctioned by the U.S. in late September for carrying Iranian oil. They’ve been floating off the coast for over a month, ship-tracking data show, in limbo as owners, charterers and potential customers await clarity over the sanctions.For as long as they’re stuck …read more […]