DAILY DOSE: August 3, 2021
Posted on 08/03/2021
1. Hedge fund Alphadyne Asset Management loses US$ 1.5 billion in big rate short squeeze, according to some media reports. Alphadyne was founded by Khuong-Huu and Bart Broadman. Khuong-Huu and Bart Broadman worked at JPMorgan Chase & Co.
2. SEC Gary Gensler revealed comments that stablecoins may be subject to laws governing securities and investment companies.
3. Regardless of COVID shot vaccine status, U.S. automakers will mandate masks at all plants, offices, and warehouses, starting August 4, 2021.
4. Moderna receives FDA fast track designation For Respiratory Syncytial Virus (RSV) Vaccine (mRNA-1345).
5. The New York Attorney General Letitia James released findings in its probe on New York Governor Andrew Cuomo. The AG finds that Cuomo sexually harassed multiple women in violation of state and federal law. The investigation was conducted after, on March 1, 2021, the Executive Chamber made a referral, pursuant to New York Executive Law Section 63(8), for Attorney General James to select independent lawyers to investigate “allegations of and circumstances surrounding sexual harassment claims made against the governor.” New York Governor Andrew Cuomo does not plan to resign.
The executive summary reads, “We, the investigators appointed to conduct an investigation into allegations of sexual harassment by Governor Andrew M. Cuomo, conclude that the Governor engaged in conduct constituting sexual harassment under federal and New York State law. Specifically, we find that the Governor sexually harassed a number of current and former New York State employees by, among other things, engaging in unwelcome and nonconsensual touching, as well as making numerous offensive comments of a suggestive and sexual nature that created a hostile work environment for women. Our investigation revealed that the Governor’s sexually harassing behavior was not limited to members of his own staff, but extended to other State employees, including a State Trooper on his protective detail and members of the public. We also conclude that the Executive Chamber’s culture—one filled with fear and intimidation, while at the same time normalizing the Governor’s frequent flirtations and gender-based comments—contributed to the conditions that allowed the sexual harassment to occur and persist. That culture also influenced the improper and inadequate ways in which the Executive Chamber has responded to allegations of harassment.”
New York Assembly Speaker Heastie says Cuomo’s conduct, “would indicate someone who is not fit for office.”
LINK: https://s3.documentcloud.org/documents/21033753/cuomo-sexual-harassment-investigation.pdf