Tue. Jan 18th, 2022


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Elizabeth Holmes, the 37-year-old founder of the failed blood test start-up Theranos, faces decades in prison after a jury in California convicted of conspiracy to deceives her investors.

In one of Silicon Valley’s most high-profile criminal fraud cases, the jury found Holmes guilty of three counts of wire fraud and one count of conspiracy to commit wire fraud.

It found her not guilty on four further charges related to patient fraud. The jurors could not rule on three remaining charges related to investors. Holmes may appeal her conviction in federal appeals court.

The end of the 15-week trial was a landmark moment for Silicon Valley, where few novice founders have faced such public legal calculations.

Do you support the verdict in Holmes’ trial? Why or why not? Tell us what you think at firstft@ft.com. Thank you for reading FirstFT Asia. – Emily

US buyout firm TPG aims for $ 9.3 billion IPO valuation TPG plans to raise as much as $ 877m in a initial public offering it could value the US buyout firm at more than $ 9 billion as it seeks to exploit a wave of investor interest in private equity. He plans to sell 28.3 million shares at between $ 28 and $ 31 each.

2. Ford doubles production target for electric truck Ford has almost doubled production target for the F-150 Lightning, the electric version of its top-selling pickup, up to 150,000 a year, an announcement that caused its share price to rise sharply on Tuesday.

  • Related news: Mercedes has unveiled an electric car that he says can drive more than 1,000km on a single charge. See what it looks like here.

3. AT&T and Verizon Agree to Delay 5G Deployment Due to Aviation Issues The two telecommunications groups have agreed to further delay the launch of 5G wireless services in the US after additional consultation with regulators over the network’s possible interference with aviation safety, one day after the companies promised they would continue.

4. Tencent will sell $ 3 billion worth of shares in Singapore’s Sea Ltd Tencent sal sold more than $ 3 billion worth its stake in Singapore’s gambling and e-commerce group Sea Ltd, less than a month after selling its stake in JD.com, the Chinese e-commerce company. The company did not want “to be seen as having a massive influence on a large segment of the economy forever”, a person close to Tencent said.

5. Hedge funds struggle to attract new money Hedge funds gained an average of 8.7 percent from January to November 2021, according to data provider HFR, which left the S&P 500’s return of 24 percent over the period, as large marches in technological magnitudes and a series of market pushes efforts to attracts investors back.

Coronavirus consumed

The day ahead

Indonesia revises ban on coal exports Indonesia ministers will review a ban on coal exports after Indonesia’s state-owned utility supplier said on Monday that the country’s coal supply situation was facing a “critical period”.

Johnson issues Covid-19 recommendations British Prime Minister Boris Johnson has said he will recommend to cabinet ministers that England do so continues with Plan B measures which includes the use of Covid certification.

What else are we reading

Boyu attempts to navigate Xi’s technological repression The Hong Kong-based private equity firm has navigated China’s technology boom to become one of the country’s most successful investors. But now Boyu must now align his strategy with Beijing’s vision for the sector, which emphasizes “common prosperity” above capital market success.

The key to 2022 will be how inflation is brought down By misjudging the risk of rising prices, the Fed markets gave a profitable 2021 but a more difficult year ahead, writes Mohamed El-Erian, president of Queens’ College.

Will overdose deaths force an end to the American ‘war on drugs’? With more than 270 people dying from drug overdoses every day, authorities are under pressure to treat users, rather than prosecute. But such a move is politically risky for Democrats, as Republicans put the Biden administration so softly on crime ahead of November’s midterm elections.

The fertility industry can give women false hope The pandemic baby tree may be a bust, but it has led to an increase in the number of women choosing to undergo fertility preservation treatments. But egg freezing is expensive, invasive and comes with a low chance, writes Elaine Moore.

EU demands seat at Ukraine talks A divided EU has a role to play in next week’s negotiations with Russia on the Ukraine crisis and broader issues of European defense, after Vladimir Putin managed to set the bloc aside in favor of talks with the US and NATO.

Fitness

From visualizing success to quitting smoking and boosting your productivity, here are seven ways to a healthy 2022 start. Plus, routes for four of Hong Kong’s Most Paying Long Distance Runs.

Christy Barlow runs past statues of gods and Buddhas in Waterfall Bay Park

Christy Barlow runs past statues of gods and Buddhas in Waterfall Bay Park © Tory Ho

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