Latest news with #WideShot
Yahoo
11-06-2025
- Business
- Yahoo
States sue to block the sale of genetic data collected by DNA testing company 23andMe
Dozens of states have filed a joint lawsuit against the bankrupt DNA-testing company 23andMe to block the company's sale of its customers' genetic data without explicit consent. The suit, filed this week in U.S. Bankruptcy Court in the Eastern District of Missouri, comes months after 23andMe began a court-supervised sale process of its assets. The South San Francisco-based venture was once valued at $6 billion and has collected DNA samples from more than 15 million customers. The company's bankruptcy has raised questions over privacy standards for genetic data, which experts say is uniquely sensitive, immutable and irreplaceable if stolen. Twenty-seven states and the District of Columbia filed the lawsuit, arguing that 23andMe customers have an inherent right to their own genetic information. Read more: 'People should be worried': 23andMe bankruptcy could expose customers' genetic data 'This isn't just data — it's your DNA," said Oregon Atty. Gen. Dan Rayfield in a statement. "It's personal, permanent, and deeply private. People did not submit their personal data to 23andMe thinking their genetic blueprint would later be sold off to the highest bidder." 23andMe announced in May that it would be sold to New York-based drug maker Regeneron Pharmaceuticals, which had agreed to comply with 23andMe's existing privacy policy. However, a competing offer from nonprofit TTAM Research Institute led the bankruptcy judge to reopen the auction last week. TTAM is run by 23andMe co-founder Anne Wojcicki, who has made several failed attempts to take the company private. In a statement, a 23andMe spokesperson said the lawsuit's claims "are without merit" and that the sale of genetic data does not violate privacy regulations. 'Customers will continue to have the same rights and protections in the hands of the winning bidder," the spokesperson said. Read more: Congressmen sound alarm over data privacy following 23andMe bankruptcy 23andMe customers have the right to delete their genetic information from the company's database at any time, as outlined in the Genetic Information Privacy Act and the California Consumer Privacy Act. During a testimony in Washington earlier this week, 23andMe interim Chief Executive Joseph Selsavage said that 1.9 million customers have requested their data be deleted since the company's bankruptcy filing in March. Sara Geoghegan, senior counsel at the Electronic Privacy Information Center, said that 23andMe's privacy policy was subject to change and not adequate to protect customers' data. In an interview in March, she stressed the sensitivity of genetic data. 'I would be very concerned if I had given a swab to 23andMe," she said. "There is little we can do to control what happens to it." Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Yahoo
10-06-2025
- Politics
- Yahoo
Terry Moran fired from ABC News over social media posts on Trump and Stephen Miller
Veteran ABC News correspondent Terry Moran is leaving the network, following his suspension over social media posts that were harshly critical of the Trump White House. Moran, 65, was suspended Sunday after statements on X that described President Trump and Deputy Chief of Staff Stephen Miller as "world class" haters. He also called Miller "vile." Moran, a senior national correspondent for the news division who interviewed Trump in the Oval Office in April, is not a commentator. An ABC News representative said his actions violated editorial standards and his contract was not renewed. He had been with the network since 1997. 'We are at the end of our agreement with Terry Moran and based on his recent post — which was a clear violation of ABC News policies — we have made the decision to not renew," the representative said in a statement. "At ABC News, we hold all of our reporters to the highest standards of objectivity, fairness and professionalism, and we remain committed to delivering straightforward, trusted journalism.' Moran's expulsion from the network is a sign that news organizations are concerned about journalists incurring the wrath of Trump, who has shown a willingness to fight back against his critics in the press. Moran is the first high profile journalist to lose his job over publicly lambasting the president and his aides. Moran wrote on a now deleted X post that 'Miller is a man who is richly endowed with the capacity for hatred. He's a world-class can see this just by looking at him because you can see that his hatreds are his spiritual nourishment. He eats his hate.' Read more: The network evening news is in flux: Why an American TV institution is under pressure Other outlets are getting pummeled by the White House as well, such as PBS and NPR. Trump wants their federal funding ended, calling their programming 'left wing propaganda.' Trump is suing CBS News over a '60 Minutes' interview in October that he claims was deceptively edited to help his 2024 election opponent, then-Vice President Kamala Harris. The suit — an obstacle to CBS parent Paramount Global's deal to merge with Skydance Media — has gone to a mediator. ABC News paid $16 million to settle a lawsuit Trump filed over statements by 'Good Morning America' co-host George Stephanopoulos, who incorrectly said on air that the president had been liable of rape, when it was sexual abuse. Walt Disney Co. Chief Executive Bob Iger has asked that ABC's 'The View' spend less time talking about Trump, who typically leads the daytime talk show's hot topics segment. Former CNN anchor Jim Acosta — who battled Trump in the White House briefing room during the president's first term — left the network rather than take a midnight time slot that would have lowered his profile considerably. Acosta has since launched his own program on Substack. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times.
Yahoo
04-06-2025
- Business
- Yahoo
Fed removes restrictions on Wells Fargo after fake-accounts scandal
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade. The Federal Reserve said in a statement the bank is no longer subject to an asset restriction it had placed on Wells Fargo in 2018 due to a toxic sales and banking culture. 'We are a different and far stronger company today because of the work we've done,' Wells Fargo CEO Charlie Scharf said in a statement. Read more: Wells Fargo's pressure-cooker sales culture comes at a cost Scharf also announced that each of the 215,000 employees at Wells Fargo would receive a $2,000 award for turning the bank around. Wells Fargo had been under tighter rules since 2018 because of a corporate culture that set unreasonable sales goals for branch-level employees. Wells Fargo was the subject of a Times investigation in 2013 that revealed a pressure-cooker culture at the bank where employees opened unneeded accounts for customers, ordered credit cards without their permission and forged signatures on paperwork. The fake accounts scandal cost Wells Fargo billions of dollars in fines and and battered its reputation. The bank later ousted much of its leadership and board of directors. Read more: Why Wells Fargo's San Francisco downsizing is bad news for California banking The Fed placed Wells Fargo under a program known as an asset cap. Under the program, the bank could grow no larger than it was in 2018, a rarity in the banking industry. Wells was also required to fix its culture and restructure its risk and compliance departments . Scharf took the helm of the bank in 2019. Since then, he has been working to convince the Fed that Wells Fargo had reformed. With the removal of the asset cap, the bank can now aim for higher deposits and new accounts as well as pursue additional investment banking businesses by keeping additional securities on its balance sheet. The Associated Press contributed to this report Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Business
- Yahoo
Fed removes restrictions on Wells Fargo after fake-accounts scandal
The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade. The Federal Reserve said in a statement the bank is no longer subject to an asset restriction it had placed on Wells Fargo in 2018 due to a toxic sales and banking culture. 'We are a different and far stronger company today because of the work we've done,' Wells Fargo CEO Charlie Scharf said in a statement. Read more: Wells Fargo's pressure-cooker sales culture comes at a cost Scharf also announced that each of the 215,000 employees at Wells Fargo would receive a $2,000 award for turning the bank around. Wells Fargo had been under tighter rules since 2018 because of a corporate culture that set unreasonable sales goals for branch-level employees. Wells Fargo was the subject of a Times investigation in 2013 that revealed a pressure-cooker culture at the bank where employees opened unneeded accounts for customers, ordered credit cards without their permission and forged signatures on paperwork. The fake accounts scandal cost Wells Fargo billions of dollars in fines and and battered its reputation. The bank later ousted much of its leadership and board of directors. Read more: Why Wells Fargo's San Francisco downsizing is bad news for California banking The Fed placed Wells Fargo under a program known as an asset cap. Under the program, the bank could grow no larger than it was in 2018, a rarity in the banking industry. Wells was also required to fix its culture and restructure its risk and compliance departments . Scharf took the helm of the bank in 2019. Since then, he has been working to convince the Fed that Wells Fargo had reformed. With the removal of the asset cap, the bank can now aim for higher deposits and new accounts as well as pursue additional investment banking businesses by keeping additional securities on its balance sheet. The Associated Press contributed to this report Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
02-06-2025
- Business
- Yahoo
Disney to cut hundreds of employees in latest round of layoffs
Walt Disney Co. launched another deep round of layoffs on Monday, notifying several hundred Disney employees in the U.S. and abroad that their jobs were being eliminated amid an increasingly difficult economic environment for traditional television. People close to the Burbank entertainment giant confirmed the cuts, which are hitting film and television marketing teams, television publicity, casting and development as well as corporate financial operations. The move comes just three months after the company cut 200 workers, including at ABC News in New York and Disney-owned entertainment networks. At the time, the division said it was cutting its staff by 6% amid shrinking TV ratings and revenue for traditional television. Disney declined to specify how many workers were losing their jobs. The cutbacks come after Disney Chief Executive Bob Iger acknowledged to Wall Street that Disney had been pumping out too many shows and movies to compete against Netflix. The programming build-up accelerated as the company prepared to launch Disney+ in late 2019, and it bulked up its staff to handle the more robust pipeline. But the company since has retrenched, recognizing the need to focus on creating high-quality originals that meet Disney's once lofty standards. Read more: Layoffs hit ABC News and Disney's entertainment TV channels ABC News shed about 40 employees last October. The company's TV stations also lost staff members. The ABC television network and Disney-owned entertainment channels have seen dramatic audience defections as consumers switch to streaming services, including Netflix, Paramount+ and Disney+. Read more: Disney's ABC Television Group to cut 5% of workforce Hollywood trade site Deadline first reported the news. Sign up for our Wide Shot newsletter to get the latest entertainment business news, analysis and insights. This story originally appeared in Los Angeles Times. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
