Dow Tanks 650 Points As Coronavirus Cases Hit Another Record High Just Eight Days Before The Election

Topline

Stocks tanked Monday as growing concerns over a surge in coronavirus cases both domestically and globally rattle investor sentiment just eight days before the November presidential election. Hundreds of firms—including tech giants like Amazon and Alphabet—are set to report earnings this week, amid the heightened market volatility, while investors also eye ongoing negotiations in Washington for another stimulus bill.

Key Facts

The Dow Jones Industrial Average ended the day down 650 points, or 2.3%–more than doubling its morning losses, while the S&P 500 and the tech-heavy Nasdaq were down 1.9% and 1.6%, respectively. 

Yields on the ten-year Treasury Bond—a bellwether of investor confidence in the equities market—sank about 4% to 0.808% on Monday morning–after seven straight days

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Government’s Antitrust Suit Targeting Google Comes Amid An Uneven Track Record Against Big Tech

After months of speculation, the Department of Justice and eleven state Attorneys General launched an antitrust suit on Tuesday, accusing Google of stifling competition in the search and advertising sectors through exclusive arrangements with its business partners. “Competition in this industry is vitally important,” Attorney General William Barr said in a statement accompanying the lawsuit, “which is why today’s challenge against Google… is a monumental case.”

Both Republicans and Democrats have railed against the nation’s tech giants in recent years, with Elizabeth Warren and Donald Trump—who reside on polar opposites of the political spectrum—both calling for government agencies to bring antitrust cases against the industry.   

Though these rants haven’t quite reached the feverish pitch of Theodore Roosevelt’s trust-busting assault on Standard Oil and the other industrial giants of the Gilded Age, they do harken back two decades to a time when critics cast Microsoft, and its CEO Bill Gates, as

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A notoriously secretive government agency just paid a record $114 million to a whistleblower

Someone just scored a $114 million payday — without playing the lottery or stepping into a casino. Instead, the check was signed by Uncle Sam.



a person standing in front of a building: The SEC fiercely protects the identifies of whistleblowers, which means we may never know who received the record-setting award of $114 million, or what misconduct he or she helped uncover. "These whistleblower tips have a huge impact on our enforcement program. It's a gamechanger," Jane Norberg, head of the SEC's whistleblower office, said in an interview.


© Andrew Harrer/Bloomberg/Getty Images
The SEC fiercely protects the identifies of whistleblowers, which means we may never know who received the record-setting award of $114 million, or what misconduct he or she helped uncover. “These whistleblower tips have a huge impact on our enforcement program. It’s a gamechanger,” Jane Norberg, head of the SEC’s whistleblower office, said in an interview.

The Securities and Exchange Commission awarded the staggering $114 million to a whistleblower who tipped the government off to misconduct and provided “extraordinary” assistance in an investigation, the agency announced Thursday.

That more than doubles the prior SEC whistleblower record, which was set just four months ago.

“I hope this record-breaking award encourages others with information about possible securities laws violations to step forward,”

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Record Retrieval Leader Compex Appoints Paul Boroditsch as Chief Executive Officer

Compex Legal Services, Inc., a leading national provider of record retrieval and insights services announced today that Paul Boroditsch has been named Chief Executive Officer.

Paul brings more than 20 years of strategic management experience, most recently as Senior Vice President and General Manager at Optum (UnitedHealth Group). During his tenure at Optum, Paul led large scale businesses driving substantial organic growth and differentiated products and services- improving quality, and reducing costs across providers and payer constituents. Prior to Optum, Paul held executive roles at Anthem and began his career leading large scale consulting engagements. Paul holds a BA in Management Information Systems and an MBA, both from the University of Michigan.

“Paul brings an impressive track record building high-performing organizations, implementing new operating models, and harnessing technology to drive top- and bottom-line growth,” said Ryan Pertz, Principal at Windjammer Capital Investors who partnered with Compex in early 2020. “Paul

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Tesla stock climbs after hours after company posts record profit and says it will sell half a million cars this year

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

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Tesla reports record profit and maintains ambitious sales target

Tesla reported by far its best quarterly profit Wednesday and said it still hopes to hit its target of half a million car sales this year.



a car parked in a parking lot: Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced -- the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images


© David Paul Morris/Bloomberg/Getty Images
Tesla Inc. vehicles are displayed in a Tesla store in Colma, California, U.S., on Thursday, Sept. 24, 2020. California will phase out sales of new, gasoline-powered cars by 2035 as part of its fight against climate change, Governor Gavin Newsom announced — the first state to set an expiration date for the traditional automobile. Photographer: David Paul Morris/Bloomberg via Getty Images

The strong results and ambitious goal were good news to investors in the high-flying stock, which has gained more than 400% so far this year. Shares of Tesla climbed once again in after-hours trading on the earnings report.

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There had been doubts that Tesla could achieve its goal of delivering 500,000 cars to customers this year,

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Ehave Expands Its Psychedelic Mental Health Platform with Medchart, a Leader in Medical Record Software, as a Plugin to the Ehave Dashboard

Ehave partners with world-renowned tech platform, Medchart. The Medchart plugin will allow medical professionals using the Ehave Dashboard to easily transfer medical records, while allowing patients to own their own data and do what they want with it.

MIAMI, Oct. 20, 2020 (GLOBE NEWSWIRE) — Ehave, Inc. (OTC Pink: EHVVF) (the “Company”), a provider of digital therapeutics delivering evidence-based therapeutic interventions to healthcare patients, announced today it has added Medchart, the only comprehensive solution for medical record exchange, as the first plugin to its Ehave Dashboard. This will not only allow patients to take more control over their psychedelic medical records, it will allow patients to access innovative treatments to mental health by providing clinicians and pharmaceutical companies with data that will make the provision of care more readily available. The combination of Medchart with the Ehave Dashboard will help provide a dataset that can be used to clinically validate

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Alibaba Fintech Arm Gets Nod For Record IPO Listing In Hong Kong

The financial arm of Chinese e-commerce titan Alibaba received Monday a green light from Chinese regulators to list in Hong Kong, according to data published online, another step towards the biggest IPO in history.

Ant Group aims to raise a massive $35 billion via the share sale in a joint listing in the semi-autonomous finance hub and Shanghai, Bloomberg News has previously reported, citing unnamed sources.

The company is looking to raise the cash — far more than the $29 billion chalked up by Saudi Aramco in December — in a split float between the two Chinese cities, Bloomberg said.

The plan values Ant Group at about $250 billion, it added.

The company runs Alipay, the dominant online payment system in China, where cash, cheques and credit cards have long been eclipsed by e-payment devices and apps.

Ant Group runs Alipay, one of China's two dominant online payment systems Ant Group runs Alipay, one of China’s two dominant online payment systems Photo:

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Computer Scientists Break the ‘Traveling Salesperson’ Record

When Nathan Klein started graduate school two years ago, his advisers proposed a modest plan: to work together on one of the most famous, long-standing problems in theoretical computer science.

Original story reprinted with permission from Quanta Magazine, an editorially independent publication of the Simons Foundation whose mission is to enhance public understanding of science by covering research develop­ments and trends in mathe­matics and the physical and life sciences.

Even if they didn’t manage to solve it, they figured, Klein would learn a lot in the process. He went along with the idea. “I didn’t know to be intimidated,” he said. “I was just a first-year grad student—I don’t know what’s going on.”

Now, in a paper posted online in July, Klein and his advisers at the University of Washington, Anna Karlin and Shayan Oveis Gharan, have finally achieved a goal computer scientists have pursued for nearly half a

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Watch: Park Seo Joon Gives Behind-The-Scenes Look At Cameo From “Record Of Youth”

Park Seo Joon has shared a new look at his cameo in “Record of Youth”!

On October 13, a video showing Park Seo Joon on the set of the tvN drama was uploaded to the actor’s YouTube channel, “Record PARK’s.”

In the video, Park Seo Joon shares that his cameo as model Song Min Su in the ninth episode of “Record of Youth” is his first time filming for a drama in three months after finishing up JTBC’s “Itaewon Class.” While waiting to head onto the set, he says, “It looks like I have to keep appearing in dramas to keep in touch with what filming feels like.”

He mentions that films and dramas are different because dramas include many shots of the characters from the chest up, and the actor goes on to explain his connection with writer Ha Myung Hee, who also worked on Park Seo Joon’s 2013

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