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Elizabeth Holmes sentenced to more than 11 years in prison for Theranos fraud

By Jody Godoy and Dan Levine SAN JOSE, Calif. (Reuters) -A federal judge on Friday sentenced Theranos founder Elizabeth Holmes to 11 years and three months in prison for defrauding investors in her now-defunct blood-testing startup that was once valued at $9 billion. In San Jose, California, U.S. District Judge Edward Davila sentenced Holmes, 38, …

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Analysis-Taylor Swift ticket snafu turns up regulatory heat on Ticketmaster

By Diane Bartz WASHINGTON (Reuters) – Ticketmaster’s botched sale of tickets to Taylor Swift’s 2023 tour, the megastar’s first in five years, has led to calls for the company to be broken up – a proposal that antitrust experts say could find a far more receptive audience than in the past. The U.S. Justice Department, …

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Ukraine says half energy system crippled, Kyiv facing possible ‘shutdown’

By Max Hunder and Jonathan Landay KYIV/KHERSON, Ukraine (Reuters) – Russian missile strikes have crippled almost half of Ukraine’s energy system, the government said on Friday, and authorities in the capital Kyiv warned that the city could face a “complete shutdown” of the power grid as winter sets in. With temperatures falling and Kyiv seeing …

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Analysis-U.S. midterms dampen Big Pharma hopes for drug price policy change

By Ahmed Aboulenein WASHINGTON (Reuters) – The divided U.S. Congress after the November midterm elections undermines pharmaceutical companies who want to weaken a new law that allows the government to negotiate drug prices, Republican strategists, policy experts and pharmaceutical executives say. Democratic President Joe Biden’s signature Inflation Reduction Act, which Democrats passed in August against …

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FTX founder’s remarks pose challenge for his lawyers

By Andrew Goudsward (Reuters) – FTX founder Sam Bankman-Fried, facing mounting legal challenges over the collapse of his cryptocurrency exchange, may have harmed his defense by speaking publicly in recent days, legal experts said. Bankman-Fried has sought to explain the implosion of FTX and disparaged government regulators in posts on Twitter and conversations with reporters. …

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COP27: U.S. climate envoy Kerry tests positive for COVID-19

By Valerie Volcovici SHARM EL-SHEIKH, Egypt (Reuters) – U.S. Special Climate Envoy John Kerry has tested positive for COVID-19 at the COP27 climate summit in Egypt, but continues to work by phone, the State Department said on Friday. “He is fully vaccinated and boosted and experiencing mild symptoms. He is working with his negotiations team …

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Iran protests: Social media videos show flames at home of late leader Khomeini

DUBAI (Reuters) – Video clips showing a fire at the ancestral home in Iran of the Islamic Republic’s late founder, Ayatollah Ruhollah Khomeini, have appeared on social media, with activists saying it was torched by protesters. Reuters verified the location of two video clips using the distinctive arches and buildings that match file images. However, …

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Russia warms to U.S. prisoner swap for weapons trader Bout

By Guy Faulconbridge and Caleb Davis LONDON (Reuters) – Russia said on Friday it hoped to clinch a prisoner swap with the United States to return convicted Russian weapons trafficker Viktor Bout, known as the “Merchant of Death”, in an exchange that would likely include U.S. basketball star Brittney Griner. Amid the deadliest war in …

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