Hindenburg Research Shorts One of the Biggest SPAC Winners: DraftKings
Michelle Celarier, 15 June 2021
Nate Anderson’s Hindenburg Research, the short activist firm that burst onto the scene last fall with an exposé of electric truck maker Nikola, is back with its fifth big takedown of a special-purpose acquisition company.
This time Anderson has set his sights on DraftKings, the online gambling site which went public in one of the hottest SPAC deals of 2020. His firm alleges that DraftKings has “extensive dealings in black-market gaming, money laundering, and organized crime.” Continue reading “Article: Hindenburg Research Shorts One of the Biggest SPAC Winners: DraftKings”
As part of its 800 billion euro recovery fund, the European Union has excluded the 10 most hit banks in the debt market from lucrative bond sales because they have historically violated antitrust rules.
A Portuguese Court of Appeals ruled against a request from Switzerland for the extradition of whistleblower Trevor Kitchen, a British citizen currently residing on the Mediterranean island of Madeira. The decision goes against the wishes of the Public Prosecutor’s Office, which sought Kitchen’s extradition to Switzerland to face charges of defamation. Kitchen believes the extradition request was retaliation from Swiss authorities for his whistleblowing on currency manipulation. 
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The Electric Reliability Council of Texas has asked people to conserve energy throughout the week as the supply of electricity on the Texas grid runs the risk of falling short of demand.
