The Rundown The SEC Investigates Coinbase, Novo Nordisk’s CEO Steps Down
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May 16, 2025 The latest discussion dives into Coinbase's SEC investigation and a concerning data breach. There's also a spotlight on NVIDIA's strategic expansion amid regulatory challenges. Listeners get insights into a hedge fund's shift away from tech stocks and a fresh investment in Estee Lauder. Additionally, the dynamic stock movements of Nova Nordisk and Charter Communications illustrate the market's ever-changing landscape, all while Jerome Powell shares thoughts on inflation.
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Coinbase's SEC Woes and Hack
- Coinbase is under SEC investigation for potentially inflating their verified user numbers during their IPO filing by including duplicate accounts.
- They're also handling a major hack involving bribed customer service agents and a $20 million ransom demand, showing multifaceted risks firms face.
NVIDIA's China Strategy
- NVIDIA aims to open a new R&D center in China to tap into the AI talent and market despite previous US export restrictions.
- They carefully manage IP by keeping GPU designs in the US, balancing regulatory compliance with growth goals.
Charter and Cox Broadband Merger
- Charter and Cox announced a $34.5 billion merger to combat industry challenges like cord-cutting and increased competition from wireless broadband.
- The deal combines large customer bases to strengthen their broadband and cable TV market position.