Jul 6, 2017

Hedge fund titan's lesson from the financial crisis

Screengrab / Institutional Investor video

Ken Griffin, founder and CEO of hedge fund giant Citadel, told Institutional Investor in a video interview that his firm's massive losses during the financial crisis were "incredibly humiliating" and caused by an over-leveraged balance sheet:

Don't act like a bank, unless you are a bank. That was a really big lesson learned from 2008.

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Experimental coronavirus vaccine to be tested on humans

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. Photo: Win McNamee/Getty Images

The vaccine that the National Institute of Allergy and Infectious Diseases (NIAID) and drugmaker Moderna have been developing to combat the coronavirus is ready to be tested on humans, NIAID director Anthony Fauci told the Wall Street Journal.

The state of play: The rapidly developed vaccine will be tested on 20-25 healthy volunteers in April to determine whether two doses will be safe and generate an immune response to protect against infection. Results will be available in July or August, Fauci told WSJ.

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#MeToo gets Weinstein

A man carries out Weinstein's walker. Photo: Johannes Eisele/AFP/Getty Images

Hollywood titan Harvey Weinstein is now a convicted rapist, two years and four months after accusations against him helped ignite the #MeToo movement.

Why it matters: To date, #MeToo has resulted in hundreds of powerful men losing their jobs. Seven have been criminally convicted, with four others still facing charges.