Ken Griffin Calls DeSantis’s Fight With Disney ‘Pointless’ (Bloomberg)
Billionaire Ken Griffin criticized Ron DeSantis’s ongoing feud with Walt Disney Co., calling the Florida governor’s battle with a major employer in his state “pointless.” “It doesn’t reflect well on the ethos of Florida,” Griffin said in an interview with CNBC scheduled to air late Monday. DeSantis needs to “make it clear to the entire United States of America, Florida is open to companies that want to create jobs.”
FTX Sues Parents of Sam Bankman-Fried, Seeks Millions in Transferred Funds (The Street)
FTX, the collapsed cryptocurrency exchange, is suing the parents of its disgraced former CEO, Sam Bankman-Fried, as it seeks to recover “millions” in fraudulently transferred funds. In a court filing published late Monday, officials for the now-bankrupt FTX estate said they were seeking the return of property or payments made to either Barbara Fried or Joseph Bankman, the parents of Sam Bankman-Fried. The estate is also seeking punitive damages from what it called ” “conscious, willful, wanton, and malicious conduct.”
Life Sciences Funds Suffer Losses Last Month (Institutional Investor)
Casdin Capital led the way downward in August in what was another mixed month for the hedge fund group. Several biopharma and life sciences hedge funds suffered sharp losses in August after the shares of one of their top holdings tanked following bad news. It’s business as usual for the volatile group, which is used to huge one day surges or collapses in their investments after a company makes a significant announcement related to a clinical trial or financial results.
Monday 9/18 Insider Buying Report: TKO, GABC (Nasdaq.com)
On Thursday, Tko Group Holdings’ Director, Jonathan Kraft, made a $507,650 buy of TKO, purchasing 5,000 shares at a cost of $101.53 a piece. Tko Group Holdings is trading up about 3.2% on the day Monday. This buy marks the first one filed by Kraft in the past year. And at German American Bancorp, there was insider buying on Friday, by Thomas W. Seger who purchased 6,000 shares for a cost of $28.45 each, for a trade totaling $170,700. Before this latest buy, Seger bought GABC on 25 other occasions during the past year, for a total cost of $2.33M at an average of $28.28 per share. German American Bancorp is trading down about 2.2% on the day Monday.
$1M Bet On This Financial Services Stock? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Prospect Capital: The Trade: Prospect Capital Corporation (PSEC) CEO John F Barry acquired a total of 166,160 shares an average price of $5.99. To acquire these shares, it cost around $1 million. Applied Optoelectronics: The Trade: Applied Optoelectronics, Inc. (AAOI) President and CEO Chih-Hsiang (Thompson) Lin acquired a total of 15,000 shares at an average price of $9.79. To acquire these shares, it cost around $146,901.
