List of All Articles with Tag 'am'

Adidas AG lost a court bid to freeze $75 million it paid to Ye, the rapper and designer

Harry Kane has racked up a raft of outrageous Premier League scoring statistics which Erling Haaland's excellence has hidden this season.

With the NBA Finals matchup set, we're diving into (and answering) the biggest questions looming over this matchup between the Miami Heat and Denver Nuggets.The Miami Heat nearly teetered into making the wrong kind of history but, instead, they beat the Boston Celtics in Game 7 to complete ...

Elizabeth Holmes has surrendered to a federal prison in Texas to begin her 11-year sentence over the Theranos scandal which rocked the high-flying tech world of Silicon Valley. The 39-year-old disgraced tech entrepreneur reported to Bryan, the minimum-security federal prison camp in Texas, on Tuesday after exhausting all remaining legal avenues to cling onto her freedom. Holmes was convicted in January 2022 of four counts of fraud and conspiracy for lying about the capabilities pf her biotech company’s blood testing technology and conning investors out of millions of dollars. She was sentenced to 11 years and three months in prison and ordered to pay $452m in restitution to investors – including $125m to media mogul Rupert Murdoch. Holmes had been given until 2pm local time to surrender to the prison camp where she will see out her 11-year sentence surrounded by other white-collar, non-violent female offenders. Her two children – two-year-old William and three-month-old Invicta – will be allowed to visit their mother in the facility. The prison camp, which runs a work-focused program where all inmates are required to hold a job for at least 90 days, is a marked difference from Holmes’ life years earlier when she was seen as the darling of Silicon Valley. The saga began two decades ago when Holmes dropped out of Stanford University in 2003 at the age of 19 to found Theranos. The blood lab company aimed to develop medical devices that could diagnose hundreds of diseases and medical conditions with just a pinprick of blood. Over the next 10 years, Theranos boasted about its capabilities to transform the healthcare industry and grew to a value of $9bn, attracting investments from the likes of Murdoch, former Education Secretary Betsy DeVos and the heirs to the Walmart fortune. The company amassed an influential board of directors including former presidential cabinet members George Shultz, Henry Kissinger and James Mattis. Holmes, meanwhile, was catapulted onto magazine covers and became heralded as the next Steve Jobs while her personal fortune reached $4.5bn. But the technology didn’t do close to what Holmes claimed it could. In 2018, Holmes – Theranos CEO and founder – and Ramesh “Sunny” Balwani – Theranos chief operating officer and Holmes’ live-in romantic partner – were both indicted on fraud charges and the company was dissolved. She was allowed out on bail and while awaiting trial – which was stalled due to the Covid-19 pandemic – Holmes became pregnant with her first child with her partner, hotel boss Billy Evans. She became pregnant with her second child following her conviction. During her trial, Holmes sought to paint a picture that she had simply been under the control of Balwani, 57, and that she never intended to mislead investors about the technology’s capabilities. The jury didn’t buy it and she was convicted of four counts, which could have landed her with up to 20 years’ prison time. Balwani was also convicted of 12 counts of fraud and conspiracy at his trial and was sentenced to 13 years in federal prison. He began serving his sentence in Southern California last month. Since her conviction, Holmes has fought to stay out of prison claiming that she was treated unfairly by prosecutors during trial and that she should be allowed to remain out of prison while she appeals the conviction. An appeals court denied her request and said she must report to prison where she can continue to appeal her conviction behind bars. She asked the judge that she be allowed to remain free through Memorial Day weekend so that she could sort out childcare for her two children, before surrendering to authorities on 30 May. Weeks before beginning her sentence, Holmes admitted that she had made “many mistakes” in a new interview with The New York Times. “I made so many mistakes and there was so much I didn’t know and understand, and I feel like when you do it wrong, it’s like you really internalise it in a deep way,” she said. Read More Elizabeth Holmes news – latest: Theranos founder to surrender to Texas prison today to begin 11-year sentence As Elizabeth Holmes heads to prison for fraud, questions remain about her motives Elizabeth Holmes requests May 30 as new date to report to prison after losing her bid to remain free

A chilling video of the mass shooting at Florida’s Hollywood Beach on Memorial Day has showed people panicking and scrambling for safety. Nine people – six adults and three children – were wounded in the shooting in 1200 block of N Broadwalk near the Margaritaville Hollywood Beach Resort, 20 miles north of Miami. Local reports said several victims were taken to Memorial Regional Hospital and Joe DiMaggio Children’s Hospital. Live cam footage showed people frantically running from the scene after gunshots were heard. Chaos and the fear at the scene are palpable from the video showing beachgoers running away. According to police officials, the shooting was the result of an altercation between two groups. Reports said one person of interest was detained while the search for another continues. Eyewitnesses described the aftermath of the mass shooting. “I saw a young man that was on the ground bleeding and they were applying pressure to prevent the bleeding,” Vance Hendricks, who was visiting from Philadelphia, told CBS News. Police urged people to avoid the area where the shots were fired. “If you are looking to reunite with a family member, we have set up a reunification area at Johnson St and N Ocean bus loop,” said a tweet. Read More At least nine people wounded in Memorial Day mass shooting at Florida beach Police investigating shooting near beach boardwalk in Hollywood, Florida Police: Puerto Rico assailants targeting drug rival killed 2 and injured 13

Hard-line Republican lawmakers threatened to exact revenge for a deal between the White House and GOP congressional leaders

Golden State Warriors general manager Bob Myers will leave the organization, as confirmed by Adrian Wojnarowski of ESPN. But who could follow him?it's expected to be a tumultuous offseason for the Golden State Warriors, and one of their front office leaders will not be at the helm to aid th...

Looking at the Muirfield Village Golf Club scorecard, cost to play the course, its golf tournament history and more for the host of the Memorial Tournament.The Memorial Tournament is consistently one of the best events of the PGA Tour season, hosted by Jack Nicklaus at the golf course he built a...

Valorant Patch 6.11 drops on June 9 with changes to Pearl B Site, Chamber's abilities, and new weapon adjustments.

Pokemon is one of Nintendo's most successful video games series, and The Pokemon Company just

Scheduled Valorant maintenance has shut down the game's servers on May 30, preventing fans from playing the game for hours.

Brazilian banks have committed to deny credit to meatpackers that buy cattle from illegally deforested areas, echoing new