Reddit, Robinhood bosses to testify at GameStop hearing
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The bosses of Robinhood, Citadel, Melvin Capital and Reddit will testify next week at a House hearing about the wild trading involving GameStop and other stocks.
Citadel’s Ken Griffin, Robinhood’s Vlad Tenev, Melvin Capital Management chief Gabriel Plotkin, Reddit co-founder Steve Huffman, and Keith Gill, a Reddit user credited with sparking GameStop’s rally who’s known by his YouTube name “Roaring Kitty,” are all scheduled to appear before the House Financial Services Committee, Rep. Maxine Waters said Friday.
The committee is investigating how massive retail trading pushed certain stocks sky high. GameStop’s stock soared from trading for under $20 a share in the beginning of January to a high of $347.51 on Jan. 27.
The recent drama has highlighted the potential for market manipulation by social media, mobile trading apps, broker solvency and short-selling rules.
Additional witnesses also may also testify at the virtual hearing set for noon on Feb. 18.
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Japan Health Ministry says it has approved Pfizer's COVID-19 vaccine
- Prime Minister Yoshihide Suga has said vaccinations will begin from the middle of next week, starting with some 10,000 health workers.
- The government hopes to secure enough supplies for the whole populace – some 126 million people – by mid-year.
Japan's Health Ministry said on Sunday it has officially approved Pfizer Inc's COVID-19 vaccine, the first such approval in the country as it steps up efforts to tame a third wave of infections in the run-up to the Summer Olympic Games.
The move had been widely expected after a government panel recommended approval on Friday, at which point Health Minister Norihisa Tamura said Japan would give its final approval as soon as possible.
Prime Minister Yoshihide Suga has said vaccinations will begin from the middle of next week, starting with some 10,000 health workers. The government hopes to secure enough supplies for the whole populace – some 126 million people – by mid-year.
Much of Japan is still under a state of emergency after its third and most deadly wave of the virus hit late last year. Cases and fatalities have trended lower in the past couple of weeks and Tokyo logged just under 400 cases in the capital on Sunday.
Japan has so far recorded about 410,000 coronavirus cases nationally and 6,772 deaths. The Olympic Games are due to start July 23.
Democratic Republic of Congo confirms fourth Ebola case in North Kivu province
GOMA (Reuters) – Democratic Republic of Congo has confirmed a fourth case of Ebola in North Kivu province where a resurgence of the virus was announced on Feb. 7, provincial health minister Eugene Nzanzu Salita said on Sunday.
Justin Bieber’s Rolls-Royce looks like it really rides on air
After the Show Show: Janice checks out a Rolls-Royce
The car that comes with an umbrella!
Elon Musk has been talking about making a Tesla that can hover, but Justin Bieber beat him to it.
Justin Bieber Rolls-Royce
Well, the singer’s new car can’t actually fly, but the custom Rolls-Royce was designed to look like it’s levitating.
(Rolls-Royce)
The car was built by West Coast Customs and inspired by the Rolls-Royce 103ex concept car of 2016.
Unlike that autonomous electric vehicle, Bieber’s car is based on the conventional Rolls-Royce Wraith, which the shop fitted with a redesigned retro-futuristic body and covered wheels.
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And this one’s not just a concept. Bieber’s been spotted in and around Los Angeles in it and the car was captured on video while parked on a Malibu street.
It’s unknown how much he paid for it, but the Wraith that it’s based on starts at $330,000.
Argentine ex president Carlos Menem dies at age 90: local media
BUENOS AIRES (Reuters) – Argentine ex President Carlos Menem died at 90 after battling long-term health problems, local media reported on Sunday.
The veteran politician and lawyer served as Argentina’s president from 1989 to 1999. He was serving as a senator at the time of his death.
British PM Johnson hails Covid-19 vaccine milestone, but says still a long way to go
LONDON (REUTERS) – Prime Minister Boris Johnson hailed the success of Britain’s Covid-19 vaccine programme after data showed 15 million first doses had been delivered, but he added there was still a long way to go.
“Today we have reached a significant milestone,” he said.
“No one is resting on their laurels… We’ve still got a long way to go and there will undoubtedly be bumps in the road, but after all we’ve achieved I know we can go forward with great confidence.”