After proposing a $30 million settlement for a data breach lawsuit, 23andMe faces board resignations as seven directors, including YouTube CEO Neal Mohan and Sequoia VC Roelof Botha, step down due to differences with CEO Anne Wojcicki regarding a proposal to take the company private. Wojcicki, who controls 49% of votes, had her buyout proposal rejected by a special committee, leading to the company’s current penny stock status at 34 cents per share. Facing potential delisting, Wojcicki aims to find replacement directors and pursue long-term success by taking 23andMe private, known for its ancestry and health kits and in-house drug development.
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Panama rejects Trump call for US to take back canal
Holiday spirit dominates news agenda, but key developments to watch globally include Moldova’s pro-EU president-elect Maia Sandu's inauguration on Tuesday, setting the country on a path to EU membership despite alleged Russian meddling. Georgia swears in pro-Russian Mikheil Kavelashvili on Sunday, while Croatia holds first-round presidential vote. Mozambique's top court to rule on disputed election, Albanian opposition demands PM's resignation. Bank of Japan governor to address Trump's tariffs impact on monetary policy, UK GDP figures...
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