Danimer Scientific has numerous red flags, according to short-seller Ben Axler. The bioplastics company was taken public in a $525 million SPAC deal at the end of 2020. “No one has done this at scale,” Axler told Insider about the company’s business. See more stories on Insider’s business page. Spruce Point Capital, the $226 million short-seller run by Ben Axler, […]

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There were 314,835 new cases of infection over a 24-hour period, according to government data. That surpassed the word's previous highest single-day increase in cases held by the United States. Even as officials insist the situation is under control, hospitals are overwhelmed, turning away patients due to a shortage of beds — including those who are critically ill. In some instances, non-related […]

High-school students in Auckland are less likely to have a part-time job than those in the regions- but it’s not because they are lazy. A new study by online learning platform LearnCoach found 42 per cent of Auckland students had a part-time job when in high school. This compared to 56 per cent of students outside Auckland who were employed […]

China’s fifth-generation J-20 jets were designed to compete with US F-22s but use stopgap engines that limit their speed and combat capabilities. China has spent two decades trying to master the technology behind the WS-15 engine, which a military source says is now almost ready to enter service. See more stories on Insider’s business page. China’s “Mighty Dragon” J-20 stealth […]

EXCLUSIVE: CAA has signed director, producer, and writer Matthew Perniciaro. Perniciaro’s five-part docuseries directorial debut Moment of Truth for Amazon Studios/IMDb TV, debuted on April 2nd and tells the never-before-seen story behind the murder of beloved husband and father of Michael Jordan, James Jordan, as well as the history of social injustice in Robeson County, North Carolina, where two teenagers, […]

Casey Wasserman today unveiled Wasserman Music, an amalgamation of his existing business that has been bolstered by the acquisition of Paradigm Talent Agency’s North American live music representation business. The deal has been in the works for a while. The grandson of Hollywood legend Lew Wasserman, Casey Wasserman adds Paradigm’s robust touring business — with clients that include Billie Eilish, […]

JPMorgan Chase CEO Jamie Dimon said Wednesday that “justice was served” after a jury found ex- Minneapolis police officer Derek Chauvin guilty on all three charges, including second-degree murder, for the killing of George Floyd. “We haven't solved this racial inequality problem for hundreds of years, and in fact in some decades it's gone backwards,” Dimon said. “We can acknowledge, […]

Roku, which acquired most of the programming from Jeffrey Katzenberg’s defunct startup Quibi last January, has rebranded the shows as Roku Originals. The streaming provider used the acquisition to declare its entry into the original programming business, and subsequently announced other projects and acquisitions. Today’s announcement of the originals label mentioned that more information about the Quibi lineup, including release […]