Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Elon Musk is still trying to terminate its deal to acquire Twitter for $44 billion. In his latest effort, he filed a new notice for the cancellation of the agreement and, this time, cited whistleblower claims in the filing.
The Tesla and SpaceX CEO’s legal team is requesting to depose Peiter Zatko, a former Twitter executive who recently blew the whistle and accused the social media platform of reckless and negligent cybersecurity policies.
In his explosive disclosure that was sent to Congress last month, Zatko alleged that Twitter has major security problems that pose a threat to users’ personal data, national security, democracy, and to the company’s own shareholders, as per The Washington Post.
With his allegations, the whistleblower painted Twitter as a chaotic company that has been mismanaged and has a reckless environment. He explained that too many employees were granted access to Twitter’s central controls and most sensitive data without enough supervision or surveillance.
One of the most controversial claims made by Zatko, who is also known as “Mudge”, is that some of the firm’s most senior executives made moves in an attempt to cover up the platform’s serious vulnerability. He further alleged that the company even has one or more employees who may be working for a foreign intelligence service.
For the latest bombshell against Twitter, Elon Musk has taken the chance to insist once again on why his acquisition deal will the company has to be terminated. His lawyers want to depose Zatko after filing a notice on Tuesday this week for the cancellation of the $44 billion deal to buy the social media platform.
CNBC reported that it was on July 8 when the 51-year-old billionaire’s legal team first filed a notice with the U.S. Securities and Exchange Commission for the deal termination. At that time, they stated that Twitter had not conformed to its contractual obligations.
“Allegations regarding certain facts, known to Twitter prior to and as of July 8, 2022, but undisclosed to the Musk Parties prior to and at that time, have since come to light that provides additional and distinct bases to terminate the Merger Agreement,” Musk’s legal representative, Mike Ringler of the Skadden, Arps, Slate, Meagher & Flom LLP law firm wrote in a letter that was sent to Vijaya Gadde, Twitter’s legal chief.
