The SEC filed a lawsuit against Elon Musk, CEO of Tesla and SpaceX, alleging securities fraud in 2022 for not disclosing his active stake in Twitter, allowing him to buy shares at lower prices. Musk acquired Twitter for $44 billion in 2022, renamed it X, and failed to disclose his ownership exceeding 5%, resulting in underpayment by $150 million. The SEC investigated Musk for securities fraud related to Twitter disclosures and pressured him to settle or face charges within 48 hours.
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French aircraft carrier stages combat drills with Filipinos in disputed sea
France's nuclear-powered aircraft carrier and accompanying warships visited the Philippines after conducting combat drills in the South China Sea, showcasing their firepower in a move likely to provoke China. The Charles de Gaulle engaged in exercises with Filipino forces, including anti-submarine warfare drills and aerial combat training, emphasizing regional security cooperation. The deployment highlights France's commitment to maritime cooperation in the Indo-Pacific and comes amid tensions in the disputed waters, where China has raised concerns...
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