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- Doctors Absorb the Stunning Failure of Two High-Profile Heart Drugs
By every measure, the drugs were no better than placebos, full data revealed on Saturday. Was it the fault of the design of the studies, or our very hypotheses about heart disease? [TheTopNews] Read More.18 hours ago - How a Duck Named Olivia Helped Pass D.C.’s Foie Gras BanInitiative 86, which bars the force-feeding of birds and the sale of foie gras, passed handily but restaurateurs and prominent chefs are preparing for a fight. [TheTopNews] Read More.19 hours ago
- Poppi founders are going after PepsiCo’s Gatorade with new beverage startu...
Poppi founders Allison and Stephen Ellsworth are launching Jetty, a hydration brand selling bottled drinks and powders at Whole Foods, Target and Amazon. [TheTopNews] Read More.19 hours ago - House Republicans demand answers from Nvidia CEO over reported Chinese spy ties
House Republicans are demanding answers from Nvidia CEO Jensen Huang about his reported relationship with a Chinese intelligence asset, escalating scrutiny of whether Beijing gained access to sensitive U.S. technology through the chip giant’s business ties.The request follows a New York Times report that Alice Huang, a Chinese citizen and Megaspeed executive, had been gathering information for Beijing and developed a close relationship with Jensen Huang.The Times reported that President Donald Trump was briefed on the intelligence findings about a year ago but chose not to act.SUSPECTED CHINESE INTELLIGENCE ASSET GAINED ACCESS TO NVIDIA CEO JENSEN HUANG: REPORTThe letter, dated Wednesday and released Thursday, says recent reports raise national security concerns about China’s access to sensitive U.S. technology and information.The lawmakers are seeking details about Jensen Huang’s interactions with Alice Huang and Nvidia’s security protocols against foreign espionage.The letter was signed by House Foreign Affairs Committee Chairman Brian Mast, R-Fla.; Select Committee on China Chairman John Moolenaar, R-Mich.; and House Intelligence Committee Chairman Rick Crawford, R-Ark. They invited Huang to an in-person joint briefing on Nov. 18, one day after Nvidia is scheduled to report its third-quarter earnings."China’s access to that sensitive U.S. tech is core to the investigative work of our three committees this Congress," the lawmakers wrote, adding that Congress must determine whether U.S. national security was put at risk.HOW US CEOS QUIETLY TEAMED UP WITH TRUMP TO GAIN LEVERAGE OVER CHINAIt is unclear if Huang will attend. Nvidia did not immediately respond to FOX Business' request for comment.The Times reported that U.S. officials initially did not believe Jensen Huang knew Alice Huang was allegedly gathering intelligence for China. It remains unclear whether that assessment has changed. Huang has not received a defensive briefing from the government, according to the Times.The scrutiny comes as Jensen Huang has lobbied the Trump administration to loosen restrictions on Nvidia chip sales to China.Earlier this year, Huang joined Trump’s business delegation to meet with Chinese President Xi Jinping. He was reportedly added to the trip at the last minute and secured a seat on Air Force One, underscoring Nvidia’s role in U.S.-China trade and technology talks.The delegation brought together executives from major U.S. companies with deep ties to China, including Apple CEO Tim Cook, Tesla and SpaceX CEO Elon Musk, Micron CEO Sanjay Mehrotra and Meta’s Dina Powell McCormick. Financial leaders Stephen Schwarzman of Blackstone, Larry Fink of BlackRock, Jane Fraser of… [TheTopNews] Read More.19 hours ago - Binance names new CFO days after $6.3 billion cryptocurrency hackBinance has named a new chief financial officer just over a week after hackers stole approximately $6.3 billion in cryptocurrency from the exchange in what is believed to be the largest digital asset theft on record.Kaiser Ng is leaving the company after more than five years to pursue a new venture, Binance co-CEO He Yi said in a statement provided to FOX Business. Justin Yek, a former finance executive at global payments firm Airwallex, will succeed him.The announcement comes nine days after the Oct. 29 cyberattack, but a Binance spokesperson confirmed to FOX Business that the leadership transition was planned more than six months ago and had no connection to the security incident.BINANCE DETAILS HOW A FAKE JOB INTERVIEW LED TO A $6.3B CRYPTO HEIST"Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year," He Yi said.The CFO change comes as Binance works to recover stolen assets and strengthen its cybersecurity defenses following the attack, which the FBI has attributed to North Korean hackers associated with an operation known as "TraderTraitor."FRANCE BLOOD BANK CYBERATTACK TARGETS REFRIGERATION SYSTEMS AS EUROPEAN SUPERMARKETS HITBinance has pledged to absorb the losses rather than pass them on to customers. Co-CEO Richard Teng previously told FOX Business that customers would not bear any losses and that the exchange had replenished affected assets.In a Nov. 3 update, Binance said it had replenished 98% of the affected token assets and that approximately $2.85 billion in stolen assets had been frozen or intercepted.The exchange also said it was working with law enforcement and industry partners to trace the stolen funds while bolstering its cybersecurity defenses.Binance said hackers used a fraudulent job interview to compromise an employee's computer before exploiting internal systems, including an artificial intelligence tool, to execute unauthorized cryptocurrency transactions.Ng had served as Binance's CFO since January 2022 and previously worked at rival cryptocurrency exchange Kraken.His successor, Yek, most recently served as Airwallex's vice president of finance. The payments company announced his appointment as head of strategic finance and corporate development in February 2023, noting his previous experience at Morgan Stanley and Citi.Yek said he was grateful for Ng's partnership during the transition over the past several months.CLICK HERE TO GET FOX BUSINESS ON THE GO"I look forward to leading our finance organization as we continue to scale responsibly and deliver on our… [TheTopNews] Read More.19 hours ago
- Using miles to fly for Thanksgiving? These are the most expensive and cheapest r...Thanksgiving airfare will cost more than last year as fares rise and strong demand continues. [TheTopNews] Read More.20 hours ago
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