
BillionToOne to Present at the 43rd Annual J.P. Morgan Healthcare Conference
A bankruptcy judge on Monday delayed a hearing in conspiracy theorist Alex Jones’ effort to stop the satirical news outlet The Onion from buying Infowars, keeping the auction sale up in the air for at least another few weeks. Jones alleges fraud and collusion marred the bankruptcy auction that resulted in The Onion being named the winning bidder over a company affiliated with him. A trustee overseeing the auction denies the allegations and accuses Jones of launching a smear campaign because he didn't like the outcome. U.S. Bankruptcy Judge Christopher Lopez had been scheduled to hear an emergency motion to disqualify The Onion's bid on Monday, but put it off until either Dec. 9 or Dec. 17. That's also when the judge will hear arguments on the trustee's request to approve the sale of Infowars to The Onion. Lopez said it made sense to have one hearing on both requests. “I want a fair and transparent process and let’s just see where the process goes," Lopez said. Lopez could ultimately allow The Onion to move forward with its purchase, order a new auction or name the other bidder as the winner. At stake is whether Jones gets to stay at Infowars’ studio in Austin, Texas, under a new owner friendly to him, or whether he gets kicked out by The Onion. The other bidder, First United American Companies, runs a website in Jones’ name that sells nutritional supplements. Jones continues to broadcast his show from the Infowars studio, but he has set up a new location, websites and social media accounts as a precaution. The trustee shut down the Austin studio and Infowars' websites for about 24 hours last week after The Onion was announced as the winning bidder, but allowed them to resume the next day, drawing more complaints from Jones. Jones declared bankruptcy and liquidated his assets after he was ordered to pay nearly $1.5 billion to relatives of victims of the Sandy Hook Elementary School shooting in Newtown, Connecticut. He was ordered to pay damages for defamation and emotional distress in lawsuits in Connecticut and Texas after he repeatedly said the 2012 shooting that killed 20 first graders and six educators was a hoax staged by actors to increase gun control. Proceeds from the liquidation are to go to Jones’ creditors, including the Sandy Hook families who sued him. Last year, Lopez ruled that $1.1 billion of the Sandy Hook judgments could not be discharged in the bankruptcy. On Monday, he denied a request from Sandy Hook families to make the full $1.5 billion not dischargeable, meaning the debt cannot be wiped clean. Also Monday, lawyers for the social media platform X objected to any sale of the accounts of both Jones and Infowars, saying X is the owner of the accounts and it has not given consent for them to be sold or transferred. Jones' personal X account, with 3.3 million followers, was not part of the auction, but Lopez will be deciding if it should be included in the liquidation. Jones has praised X owner Elon Musk on his show and suggested that Musk should buy Infowars. Musk has not responded publicly to that suggestion and was not among the bidders. Jones was permanently banned from Twitter in 2018 for abusive behavior, but Musk restored Jones’ account on the platform he has since renamed X in December last year. Jones alleges The Onion’s bid was the result of fraud and collusion involving many of the Sandy Hook families, the humor site and the court-appointed trustee. First United American Companies submitted a $3.5 million sealed bid, while The Onion offered $1.75 million in cash. But The Onion's bid also included a pledge by Sandy Hook families to forgo some or all of the auction proceeds due to them to give other creditors a total of $100,000 more than they would receive under other bids. The trustee, Christopher Murray, said that made The Onion's proposal better for creditors and he named it the winning bid. Jones and First United American Companies claimed that the bid violated Lopez’s rules for the auction by including multiple entities and lacking a valid dollar amount. Jones also alleged Murray improperly canceled an expected round of live bidding and only selected from among the two sealed bids that were submitted. Jones called the auction “rigged” and a “fraud” on his show, which airs on the Infowars website, radio stations and Jones' X account. He filed a counter lawsuit last week against Murray, The Onion's parent company and the Sandy Hook families in the bankruptcy court. In a court filing on Sunday, Murray called the allegations a “desperate attempt” to delay the sale of Infowars to The Onion and accused Jones, his lawyers and attorneys for First United American Companies of a “vicious smear campaign lobbing patently false accusations.” He also alleged Jones collaborated with First United American Companies to try to buy Infowars. Lopez’s September order on the auction procedures made a live bidding round optional. And it gave broad authority to Murray to conduct the sale, including the power to reject any bid, no matter how high, that was “contrary to the best interests” of Jones, his company and their creditors. The assets of Infowars' parent company, Free Speech Systems, that were up for sale included the Austin studio, Infowars' video archive, video production equipment, product trademarks, and Infowars' websites and social media accounts. Another auction of remaining assets is set for Dec. 10. Jones is appealing the $1.5 billion in judgments citing free speech rights, but has acknowledged that the school shooting happened . Many of Jones’ personal assets, including real estate, guns and other belongings, also are being sold as part of the bankruptcy. Documents filed in court this year say Jones had about $9 million in personal assets, while Free Speech Systems had about $6 million in cash and more than $1 million worth of inventory.Moore, Fears help No. 12 Oklahoma put away Prairie View 89-67 to remain unbeaten
AI investor focus arrives to Best Buy ( BBY ). Best Buy is set to report its third quarter results Tuesday before market open as demand for electronics continues to stabilize post pandemic. Wall Street expects revenue to come in at $9.63 billion, a touch lower compared to the third quarter of last year, while adjusted earnings are estimated to be flat year over year at $1.29 per share. Same-store sales are expected to fall nearly 1% for the quarter, compared to the 7.30% drop seen this time last year. Analysts anticipate appliance sales will continue to drag down results, followed by entertainment and consumer electronics. Computing and mobile phones are likely to see a gain. "We expect computing (notebooks & tablets) & services to partly offset softness in appliances and home theater," Bank of America analyst Robby Ohmes wrote in a note to clients. Preliminary credit and debit card data "suggests a comparable sales growth slowdown in October... as value-conscious consumers may have chosen to delay purchases and wait for Holiday sales," Ohmes added. In the prior quarterly results, Best Buy CEO Corie Barry said customers are "seeking value and sales events" but are "willing to spend on high-price-point products" for new technology. Best Buy shares are up nearly 19% year-to-date, trailing behind the S&P 500's ( ^GSPC ) nearly 25% gain. New products, particularly surrounding AI, could boost growth. "The company should see a return to growth in the first half of 2025, following many consecutive quarters of negative comps, as newness and the replacement cycle kicks in, especially for products purchased in 2019-2020," Telsey Advisory Group Joe Feldman wrote in a note to clients. Copilot+ PCs, which are capable of accessing advanced AI models, launched earlier this year with roughly 40 products. In the previous quarter, Barry said the company is the exclusive retailer for about 40% of those new PCs. He previously said in the second half of 2024, Best Buy will see a much larger percentage of computers and tablets with AI capabilities, and more AI products available at various price points. Here's what Wall Street expects Best Buy to post for the third quarter, compared to a year ago, per Bloomberg consensus data: Adjusted earnings per share: $1.29 versus $1.29 Net sales: $9.63 billion, versus $9.76 billion Same-store sales growth overall: -0.92%, versus -7.30% Total US same-store sales growth: -0.74%, versus -7.30% Sales growth for: Appliances: -7.50%, versus -15.10% Entertainment: -4.00%, versus 20.60% Consumer electronics: -2.72%, versus -9.50% Computing and mobile phones: + 3.50%, versus -8.30% Services: +5.83%, versus 6.90% International: -0.57%, versus -1.90% Following its second quarter earnings results, the company updated its full-year outlook. It expected revenue to come in between $41.3 billion and $41.9 billion, compared to the previously expected range of $41.3 billion to $42.6 billion. Same-store sales are projected to decline 3% to 1.5%, compared to a previously expected decline of 3.5% to flat. The company also anticipated better-than-expected profitability. It expected adjusted earnings per share to come in between $6.10 and $6.35, higher than the prior guidance of $5.75 to $6.20. — Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @ BrookeDiPalma or email her at bdipalma@yahoofinance.com. Click here for all of the latest retail stock news and events to better inform your investing strategy
Realme is set to launch the Realme 14 Pro 5G series in India in the coming weeks. Ahead of official launch, the company has been teasing the product by showcasing its unique design. The upcoming Realme 14 Pro 5G series series will consist of two models, the Realme 14 Pro and Realme 14 Pro+. Realme has revealed that the Realme 14 Pro will feature a colour-changing back panel design. The IP ratings, camera module design, and more details have also been confirmed by the company ahead of launch. In the latest post on platform X (formerly Twitter) by Realme, the company revealed the the back pane design of the new Realme 14 Pro model. The image showcased a colour-changing back panel when exposed to water. The company claims the Realme 14 Pro will become the world’s first colour-changing smartphone. Apart from this, Realme has also rev3ealed that the smartphone has received P66, IP68, and IP69 certifications, showcasing its lasting durability with water and dust. Additionally, the Realme 14 has received some design changes in comparison to the predecessor. The smartphone features a circular camera module with a thick metal ring housing three camera sensors and three LED flashlights which are called MagicGlow. Realme also hosted a media event in Copenhagen during which it showcased Realme 14 Pro’s cold-sensitive colour-changing technology which was curated in collaboration with Nordic industrial design studio Valeur Designers. It was reported that the rear panel colour will change when the smartphone is exposed to below 16 degree Celsius temperature. During the event, it was also revealed how the Pearl White pattern of the Realme 14 Pro was created, which was explained to use a fusion fibre process that included a 30-step process. While the design is unique, we are also waiting for the specifications and features to be revealed. The X post revealed the Realme 14 Pro series will be launched globally on January 2025. However, the exact launch date is yet to be determined by the company. Therefore, in the first month of 2025, we may get to witness several smartphone launches including OnePlus 13, Samsung Galaxy S25 series, and others.Movie Review: Nicole Kidman commands the erotic office drama ‘Babygirl’
Burt, the huge Australian crocodile who had a cameo in ‘Crocodile Dundee,’ dies at 90