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Trading Ideas

This ex-Googler pawned her 24-karat gold jewels she inherited from her mother and sold some of her Google stock to launch her new startup

Chia-Lin Simmons is a seasoned veteran in Silicon Valley’s tech sphere, with more than 20 years of experience at tech giants like Google and Amazon’s Audible. Simmons is the founder of a new startup called LookyLoo, which will launch its first product later this year: an AI-powered social platform that helps women find the right fit while shopping for clothing. Simmons sold some of her Google stock and pawned the 24-karat gold jewels given to her by her mother to get her startup rolling. …read more […]

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Trading Ideas

U.S. approves first marijuana plant-derived drug for epilepsy

The drug’s approval permits https://www.accessdata.fda.gov/drugsatfda_docs/label/2018/210365lbl.pdf its use in patients aged two years and older with Dravet Syndrome (DS) and Lennox-Gastaut Syndrome (LGS), rare childhood-onset forms of epilepsy that are among the most resistant to treatment. “This approval serves as a reminder that advancing sound development programs that properly evaluate active ingredients contained in marijuana can lead to important medical therapies,” said Food and Drug Administration Commissioner Scott Gottlieb. The drug, Epidiolex, is made up of cannabidiol (CBD), one of the hundreds of molecules found in the marijuana plant, and contains less than 0.1 percent of tetrahydrocannabinol (THC), the …read more […]

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Business News

Ex-State Street executive pulled ‘bait-and-switch’ on clients: U.S. prosecutor

BOSTON (Reuters) – A former State Street Corp executive engaged in “bait-and switch” by promising to charge several of the bank’s clients low fees to execute billions of dollars of trades before secretly applying commissions to them, a U.S. prosecutor said on Monday.

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