by Jeffrey A. Newman Esq.
The Strait of Hormuz, Strait of Melacca, Suez Canal, and Panama Canal have all become choke points for the shipment of commodities and energy flows, including oil and gas. When disruptions at these locations occur, whether due to weather, conflict, outdated infrastructure, or other...
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Category: Uncategorized
Arizona files criminal charges against parent of Kalshi the startup prediction platform alleging illegal gambling
By Jeffrey A. Newman Esq.
Arizona has filed criminal charges against the parent company of Kalshi, the startup prediction platform. The charges include 20 counts of illegal betting and wagering. Arizona's Attorney General said Kalshi had accepted bets from residents on sports, elections, and events in violation of state...
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Australian plastics recycling company Samsara Eco is using AI to create new enzymes to break down plastics
By Jeffrey A. Newman Esq. MBA
Samsara Eco, an Australian company backed by Singapore's Temasek, has used artificial intelligence to design new enzymes that can break down plastics. The new enzymes reduce the use of plastics in textiles and packaging. In addition, the company leaders believe that the enzyme...
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U.S. development of operational counter-drone anti-swarm systems is quickly advancing
By Jeffrey A. Newman Esq. MBA
Spawned in part of the Ukraine war and the use of drones by the two nations, the impact on military warfare has been remformulated. Operational testing on many new products is heating up and incentives for success include the potential for billions in...
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Aetna agrees to pay $117.7 Million to settle False Claims Act case alleging it submitted inaccurate diagnosis codes
The United States Attorney in Philadelphia announced that Aetna Inc., a national insurer incorporated under the laws of Pennsylvania, has agreed to pay $117,700,000 to resolve allegations that it violated the False Claims Act by submitting or failing to withdraw inaccurate and untruthful diagnosis codes for its Medicare Advantage Plan enrollees in...
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2027 targeted for operational on site mini nuclear reactors to help power data centers feeding AI needs
By Jeffrey A. Newman Esq. MBA
Intense efforts are underway in the U.S. to develop fully operational small nuclear reactors for data centers, with AI companies footing the bill. Some of the units are designed to use uranium-based fuel, and some are conventional, low-enriched uranium. Among the U.S. companies,...
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Telemedicine company owner sentenced to 7 years in prison for $56 million Medicare Fraud
According to a press release from the Department of Justice. the owner of two telemedicine companies was sentenced today to 7 years in prison and ordered to pay $27.9 million in restitution for his role in a scheme to fraudulently bill Medicare for unnecessary durable medical equipment.
According to...
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FDA is restricting sale of GLP-1 of non-approved compounded drugs
By Jeffrey A. Newman Esq.
The Food and Drug Administration has announced that it is restricting the sale of GLP-1 non approved ingredients that are made and sold by compound pharmacies. These products are being mass-marketed as similar alternatives to approved FDA drugs. The FDA is also taking steps...
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Texas Attorney General Sues drone maker over ties to U.S. blacklisted Chinese drone company
Ken Paxton, the Texas Attorney General has issued a lawsuit against Anzu robotics alleging that the company did not disclose ties it has with a Chinese drone manufacturer DJI, which was been placed on the U.S. export blacklist in 2020. DJI, based in Shenzhen, had challenged its inclusion, arguing the Department of...
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Toronto startup reveals recycling process to draw and process critical rare earth materials from used car parts and e-scrap
By Jeffrey A. Newman Esq
Cyclic Materials, a Toronto based startup company has developed a method of recycling end of life products including car parts, and e-scrap to recover and refine rare earth minerals including neodymium, praseodymium, terbium and dysprosium. To that end, the company is looking to establish...
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