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Month: January 2022

3 key takeaways from the Elizabeth Holmes verdict

CNN, THERANOS, SKETCHES BY VICKY BEHRINGER Opinion by Jessica A. Roth for CNN Business Perspectives After three months of testimony and seven days of deliberations, the jurors in the trial of Elizabeth Holmes found her guilty on four charges of defrauding investors. But she was acquitted of four other charges related to the alleged scheme

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Biden announces US will double its order of Pfizer’s antiviral pill to treat Covid-19

By Maegan Vazquez, CNN President Joe Biden on Tuesday announced that the federal government is doubling the US’ order for Pfizer’s Covid-19 antiviral pill, Paxlovid, which has been shown to reduce hospitalizations and severe illness significantly. “Production is in full swing. The United States has more pills than any other country in the world and

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The world’s 500 richest people became $1 trillion richer last year

By Allison Morrow, CNN Business The world’s wealthiest people, whose fortunes already strained comprehension, collectively gained $1 trillion last year, according to Bloomberg’s Billionaires Index. Elon Musk, the world’s richest person, alone gained nearly $118 billion in just the last 12 months. Meanwhile, the United Nations estimated 150 million people fell into poverty in 2021.

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