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Elon Musk Settles With SEC, Agrees To Step Down As Tesla Chairman

Sunday, September 30th, 2018

Tesla CEO Elon Musk has agreed to step down as chairman of the electric-car company as part of a settlement to resolve a securities fraud charge lobbed by the SEC on Thursday.

The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.

(Image credit: Patrick T. Fallon/Bloomberg via Getty Images)

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What NAFTA Without Canada Would Mean

Saturday, September 29th, 2018

NPR’s Scott Simon asks Bruce Heyman, former U.S. ambassador to Canada, how a NAFTA replacement that excludes Canada would affect U.S.-Canada relations.

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Facebook Says Hackers Accessed Information Of 50 Million Users In Latest Data Breach

Saturday, September 29th, 2018

Facebook announced a new data breach on Friday. Hackers accessed the information of 50 million Facebook users, as Facebook remains under pressure for misuse of users’ personal data.

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Drugmakers Play The Patent Game To Lock In Prices, Block Competitors

Friday, September 28th, 2018

Purdue Pharma, maker of the opioid OxyContin, has a subsidiary that won a patent for a treatment for opioid addiction.

Pharmaceutical companies like Purdue Pharma, maker of OxyContin, often win patents for incremental changes with debatable value. Now there’s a twist involving an opioid addiction treatment.

(Image credit: Bloomberg via Getty Images)

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SEC Sues Tesla CEO Elon Musk

Friday, September 28th, 2018

The U.S. Securities and Exchange Commission filed a lawsuit Thursday against Tesla CEO Elon Musk, accusing him of securities fraud.

“Musk’s false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla’s stock and resulting harm to investors,” the lawsuit says.

(Image credit: Kiichiro Sato/AP)

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