Short seller makes scathing accusations against popular tech company
From Yahoo Finance: 2025-06-13 14:52:00
Short seller Culpepper Research accuses tech company Applovin of engaging in nefarious activity, causing stock to drop 10% after being excluded from S&P 500. Culpepper alleges national security risks due to ties to Chinese investors. CEO denies claims, but investigation continues. Stay tuned for updates on this developing story. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping 500 points. Investors are concerned about rising inflation and the possibility of the Federal Reserve raising interest rates sooner than expected.
2. A new study has found that the Pfizer-BioNTech COVID-19 vaccine is highly effective at preventing severe illness and death from the Delta variant. The vaccine was shown to be 88% effective at preventing hospitalization and 96% effective at preventing death.
3. The United Nations has issued a warning about the humanitarian crisis in Afghanistan, where millions of people are facing severe food shortages due to the ongoing conflict and economic instability. The UN is calling for urgent action to prevent a large-scale famine in the country.
4. In sports news, tennis star Naomi Osaka has announced that she will be taking a break from competition to focus on her mental health. Osaka’s decision comes after she withdrew from the French Open earlier this year due to mental health concerns.
5. The latest data from the Centers for Disease Control and Prevention (CDC) shows that COVID-19 cases are on the rise in several states, driven by the highly contagious Delta variant. Health officials are urging unvaccinated individuals to get vaccinated and continue practicing safety measures.
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