Business

Testing Company Fined For Misleading Investors, Failing To Disclose Payments

Co-Diagnostics, a Salt Lake City-based testing company, has been slapped with a hefty fine of $250,000 by the U.S. Securities and Exchange Commission (SEC) for engaging in deceptive practices and failing to disclose crucial information to investors. The SEC’s order highlights Co-Diagnostics’ misleading claims about their COVID tests and their failure to disclose payments made to top executives’ family members.

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Ben & Jerry’s Faces Pushback After “Stolen Indigenous Land” Statement

Ben and Jerry’s, the renowned ice cream company, is facing significant pushback after making a statement on July 4th calling for the return of “stolen Indigenous land” in the United States. The company’s tweet, which was accompanied by a similar message on their website, has divided fans and ignited a heated debate about the nation’s history and the appropriateness of the timing of such a statement.

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UPS and Teamsters Union Face Deadlocked Negotiations

In the coming weeks, it remains to be seen whether UPS and the Teamsters Union can bridge their differences and find common ground. The outcome of these negotiations will have far-reaching implications, not only for the parties involved but also for the future of labor relations in the United States. Both sides must navigate a delicate balance between addressing workers’ concerns and ensuring the long-term viability and competitiveness of one of the nation’s largest shipping companies. As the clock ticks, the pressure mounts, underscoring the urgent need for a constructive and collaborative approach to secure a new contract that safeguards the interests of both UPS and its dedicated workforc

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Federal Reserve Meeting Minutes Hint at Potential Rate Hikes

As the Federal Reserve’s June policy meeting minutes are set to be released today at 2 p.m. Eastern Time, Americans eagerly await insights into the central bank’s outlook on interest rates. Following recent indications from Fed Chair Jerome Powell, experts predict that higher credit card interest rates and increased costs for home and car financing may be on the horizon.

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ESPN Lays Off On-Air Personalities

ESPN is laying off some well-known on-air reporters and personalities. Almost two dozen on-air staff members were reportedly let go by the sports cable network Friday. Some of the names include Jeff Van Gundy, Max Kellerman, Keyshawn Johnson, Steve Young, Suzy Kolber and Ashley Brewer. The Hollywood Reporter says the cuts were not part of ESPN parent company Disney’s plan to layoff seven-thousand workers. The outlet reports ESPN decided to cut on-air talent in order to save off-screen jobs as it tried to meet its financial targets.

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