Comprehensive Xinhua News Agency , CCTV News reported that on November 19, local time, a gas explosion occurred in a 5-story residential building located in Sakhalin Prefecture, Far East, Russia, and the accident has killed 9 people.
On November 18th local time, 38-year-old Elizabeth Holmes, founder of the American blood testing company Theranos, was sentenced to 11 years and 3 months in prison for fraudulent investors.
This week, US stocks fluctuated and fell, Nasdaq index fell more than 1%, Chinese stocks rose sharply, Alibaba, JD , Bilibili and others all rose more than 10%.
US stocks fluctuated and fell. Chinese stocks rose sharply. After a sharp rebound last week, the US stock market fluctuated and fell this week. Dow Jones Industrial Index , Nasdaq Index, and S&P 500 Index fell 0.01%, 1.57%, and 0.69% respectively.
Chinese stocks rose sharply, with Alibaba, Bilibili, JD.com and New Oriental rising cumulatively by 13.72%, 16.18%, 14.59%, and 12.67% respectively this week, and Pinduoduo rose by more than 7%.
BlackRock said that U.S. stocks jumped several times this year because the market expects that the Federal Reserve may be close to the end of the fastest rate hike cycle since the 1980s, allowing the economy to achieve a soft landing and avoid falling into recession, but these hopes will be shattered again as the Federal Reserve advances its policies.
In the latest strategy report of Bank of America, Michael Hartnett, chief investment strategist of Bank of America, said that the recent rebound in US stocks may have ended, and the next market will face a recession, and the Fed's real turn may not be until June-July next year, so holding bond is better than stock before that. Harnett said the "bear market rebound" of US stocks is approaching its end. If the Fed's approach does not change earlier, a considerable part of the bear market rebound has passed.
Gas explosion accident in Sakhalin Prefecture, Russia
has caused 9 deaths
000 at noon on the 19th local time, the governor of Sakhalin Prefecture, Russia said that the gas explosion accident in the local residential building has caused 9 deaths, 4 of which are children, and some are still buried in the ruins.
Currently, there are 59 rescue personnel and 13 rescue equipment on site for search and rescue work. The local government has set up temporary resettlement sites for residents in the accident residential buildings and provided medical and food assistance.
Earlier that day, a gas explosion occurred in a 5-story residential building located in Sakhalin Prefecture, Far East, Russia, causing a partial collapse of the building. It is reported that the residential building was built in 1980 and has a total of 80 residential buildings. The last maintenance work was carried out in 2016. In addition, there is no natural gas pipeline installed in the residential building, and the explosion is presumably caused by gas tank .
On the 19th local time, Bastrekin, chairman of the Russian Federation Investigation Commission, demanded that the gas explosion be handed over to the central department for handling.
Ukrainian Infrastructure Ministry:
html9 cargo ships left the port in southern Ukrainian within 42 days
According to Ukrainian media reports on the 19th local time, Ukrainian Infrastructure Ministry announced that on the same day that a total of 9 cargo ships carried 162,000 tons of agricultural products left the port in southern Ukrainian Port on the 18th and 19th.
Since the implementation of the Black Sea Port agricultural product transportation agreement, 475 cargo ships have carried 11.2 million tons of Ukrainian agricultural products from the port in southern Ukraine.
"female version of Jobs " was sentenced to 11 years and 3 months in prison
According to media reports on November 18 local time, Elizabeth Holmes, founder of the American blood testing company Theranos, was sentenced to 11 years and 3 months in prison for fraudulent investors.
According to the verdict, Holmes will start serving his sentence on April 27, 2023, and the court will also hold a hearing to discuss Holmes' compensation to Theranos investors. Holmes has sought a sentence of home imprisonment and community services and has been sentenced to no more than 18 months in prison. Holmes' sentence marks the final collapse of Theranos, the scam of Silicon Valley star unicorn company .
Homes dropped out of Stanford in 2003 and founded the blood testing company Theranos. Since then, the company has launched a small automated blood testing device that can detect and diagnose dozens of health conditions by just a small amount of blood taken through the fingertips.This "breakthrough innovation" has caused a huge sensation in the entire liquid biopsy field. The company has raised nearly $1 billion (approximately RMB 7.1 billion) with this "innovation" to fraud investors.
2015 was the peak of the glory of Theranos, founded by Holmes and the Theranos, which she founded,. This year, Theranos' valuation reached US$9 billion. She was also named the world's youngest female billionaire by Forbes with her net worth of US$4.5 billion, and was also included in the list of the 100 most influential people in 2015 selected by Time Magazine.
Homes admired former Apple CEO Steve Jobs and followed his dressing style, so she was once called the "female version of Jobs".
But this glory didn't last long. "Wall Street Journal " reporter John Carreyrou interviewed a large number of former Theranos employees and compared their blood test results with professional medical testing institutions. He reported on the huge problems faced by Theranos' blood test technology, and pointed out that the company has a series of serious problems such as inaccurate test results and concealing facts.
Homes' image of hard-working management for more than ten years collapsed overnight. Theranos has taken a sharp turn for the worse since then. The number of employees has been cut from more than 800 at its peak to less than 20. It was announced to be dissolved in September 2018, and the funds and assets are divided by creditors. After a two-year investigation, Holmes and Theranos Chief Operating Officer Balwani on June 15, 2018, on nine counts of telecommunications fraud and two counts of conspiracy to commit fraud.
Now, this judgment brings an end to a fraud story that lasts for years.
Edited by: Li Ruoyu Zheng Yashuo
