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LOS ANGELES (AP) — Two-time Cy Young Award winner Blake Snell says it was a really easy decision to sign with the World Series champion Los Angeles Dodgers and the presence of three-time MVP Shohei Ohtani played a part, too. Snell was introduced Tuesday at Dodger Stadium accompanied by his agent Scott Boras. The left-hander finalized a $182 million, five-year contract last Saturday. “It was really easy just cause me and Haeley wanted to live here, it’s something we’ve been talking about for a while,” Snell said, referring to his girlfriend. “Then you look at the team. You look at what they’ve built, what they’re doing. It’s just something you want to be a part of.” Last month, Snell opted out of his deal with San Francisco to become a free agent for the second consecutive offseason after he was slowed by injuries during his lone year with the San Francisco Giants. Snell gets a $52 million signing bonus, payable on Jan. 25, and annual salaries of $26 million, of which $13.2 million each year will be deferred . Because Snell is a Washington state resident, the signing bonus will not be subject to California income tax. “It just played out the way that people around me felt comfortable with, I felt comfortable with, they felt comfortable with,” Snell said. “We talked and found something that could work for both of us. You want your worth, you want your respect, and you want enough time to where you can really make a name for yourself. I've made a name for myself outside of LA, but I'm going to be invested.” Two-way star Ohtani, who signed a record $700 million, 10-year deal a year ago, had a historic first season with the Dodgers. He helped them win the franchise's eighth World Series while playing only as designated hitter and became MVP in the National League for the first time after twice winning the award while in the American League. “It helps with him in the lineup for sure. That’s big motivation,” Snell said. “You want to be around players like that when you’re trying to be one of the best in the game. Yeah, it played a big part.” Snell joins Ohtani and fellow Japanese right-hander Yoshinobu Yamamoto atop Los Angeles’ rotation. All-Star Tyler Glasnow will be back after having his first season in LA derailed by a sprained elbow. Ohtani didn’t pitch this year while recovering from right elbow surgery but is expected back on the mound in 2025. The rest of the rotation includes Tony Gonsolin, Landon Knack, Dustin May, Bobby Miller and Emmet Sheehan. “I pitched on six-man, five-man, four-man rotations,” Snell said. “I'm good with it all as long as we have a plan, we'll execute it.” Snell, who turns 32 on Wednesday, went 5-3 with a 3.12 ERA in 20 starts this year, throwing a no-hitter at Cincinnati on Aug. 2 for one of only 16 individual shutouts in the major leagues this season. He struck out 145 and walked 44 in 104 innings. He was sidelined between April 19 and May 22 by a strained left adductor and between June 2 and July 9 by a strained left groin. Snell won Cy Young Awards in 2018 with Tampa Bay and 2023 with San Diego. He is 76-58 with a 3.19 ERA in nine seasons with the Rays (2016-20), Padres (2021-23) and Giants. He has known Andrew Friedman, Dodgers president of baseball operations, since he was 18. In the aftermath of winning the World Series and discussing how the Dodgers could repeat next year, Friedman said, “All conversations kept coming back to Blake.” “Usually in major league free agency, you're buying the backside of a guy's career, the accomplishments that they have had,” he said. “With Blake, one thing that's really exciting for us is, as much success as he's had, we feel like there's more in there." Snell was 2-2 against the Dodgers in his career. “We couldn’t beat him, so we’re going to have him join us,” Friedman said. .___ AP MLB: https://apnews.com/hub/MLBA 5.25% dividend yield today! But here's why I'm buying this ASX stock for the long term
By ALI SWENSON and BARARA ORTUTAY, Associated Press Bluesky has seen its user base soar since the U.S. presidential election, boosted by people seeking refuge from Elon Musk’s X, which they view as increasingly leaning too far to the right given its owner’s support of President-elect Donald Trump, or wanting an alternative to Meta’s Threads and its algorithms. The platform grew out of the company then known as Twitter, championed by its former CEO Jack Dorsey. Its decentralized approach to social networking was eventually intended to replace Twitter’s core mechanic. That’s unlikely now that the two companies have parted ways. But Bluesky’s growth trajectory — with a user base that has more than doubled since October — could make it a serious competitor to other social platforms. But with growth comes growing pains. It’s not just human users who’ve been flocking to Bluesky but also bots, including those designed to create partisan division or direct users to junk websites. The skyrocketing user base — now surpassing 25 million — is the biggest test yet for a relatively young platform that has branded itself as a social media alternative free of the problems plaguing its competitors. According to research firm Similarweb, Bluesky added 7.6 million monthly active app users on iOS and Android in November, an increase of 295.4% since October. It also saw 56.2 million desktop and mobile web visits, in the same period, up 189% from October. Besides the U.S. elections, Bluesky also got a boost when X was briefly banned in Brazil. “They got this spike in attention, they’ve crossed the threshold where it is now worth it for people to flood the platform with spam,” said Laura Edelson, an assistant professor of computer science at Northeastern University and a member of Issue One’s Council for Responsible Social Media. “But they don’t have the cash flow, they don’t have the established team that a larger platform would, so they have to do it all very, very quickly.” To manage growth for its tiny staff, Bluesky started as an invitation-only space until it opened to the public in February. That period gave the site time to build out moderation tools and other distinctive features to attract new users, such as “starter packs” that provide lists of topically curated feeds. Meta recently announced that it is testing a similar feature. Compared to the bigger players like Meta’s platforms or X, Bluesky has a “quite different” value system, said Claire Wardle, a professor at Cornell University and an expert in misinformation. This includes giving users more control over their experience. “The first generation of social media platforms connected the world, but ended up consolidating power in the hands of a few corporations and their leaders,” Bluesky said on its blog in March. “Our online experience doesn’t have to depend on billionaires unilaterally making decisions over what we see. On an open social network like Bluesky, you can shape your experience for yourself.” Because of this mindset, Bluesky has achieved a scrappy underdog status that has attracted users who’ve grown tired of the big players. “People had this idea that it was going to be a different type of social network,” Wardle said. “But the truth is, when you get lots of people in a place and there are eyeballs, it means that it’s in other people’s interests to use bots to create, you know, information that aligns with their perspective.” Little data has emerged to help quantify the rise in impersonator accounts, artificial intelligence-fueled networks and other potentially harmful content on Bluesky. But in recent weeks, users have begun reporting large numbers of apparent AI bots following them, posting plagiarized articles or making seemingly automated divisive comments in replies. Lion Cassens, a Bluesky user and doctoral candidate in the Netherlands, found one such network by accident — a group of German-language accounts with similar bios and AI-generated profile pictures posting in replies to three German newspapers. “I noticed some weird replies under a news post by the German newspaper ‘Die Ziet,’” he said in an email to The Associated Press. “I have a lot of trust in the moderation mechanism on Bluesky, especially compared to Twitter since the layoffs and due to Musk’s more radical stance on freedom of speech. But AI bots are a big challenge, as they will only improve. I hope social media can keep up with that.” Cassens said the bots’ messages have been relatively innocuous so far, but he was concerned about how they could be repurposed in the future to mislead. There are also signs that foreign disinformation narratives have made their way to Bluesky. The disinformation research group Alethea pointed to one low-traction post sharing a false claim about ABC News that had circulated on Russian Telegram channels. Copycat accounts are another challenge. In late November, Alexios Mantzarlis, director of the Security, Trust and Safety Initiative at Cornell Tech, found that of the top 100 most followed named individuals on Bluesky, 44% had at least one duplicate account posing as them. Two weeks later, Mantzarlis said Bluesky had removed around two-thirds of the duplicate accounts he’d initially detected — a sign the site was aware of the issue and attempting to address it. Bluesky posted earlier this month that it had quadrupled its moderation team to keep up with its growing user base. The company also announced it had introduced a new system to detect impersonation and was working to improve its Community Guidelines to provide more detail on what’s allowed. Because of the way the site is built, users also have the option to subscribe to third-party “Labelers” that outsource content moderation by tagging accounts with warnings and context. The company didn’t respond to multiple requests for comment for this story. Even as its challenges aren’t yet at the scale other platforms face, Bluesky is at a “crossroads,” said Edward Perez, a board member at the nonpartisan nonprofit OSET Institute, who previously led Twitter’s civic integrity team. “Whether BlueSky likes it or not, it is being pulled into the real world,” Perez said, noting that it needs to quickly prioritize threats and work to mitigate them if it hopes to continue to grow. That said, disinformation and bots won’t be Bluesky’s only challenges in the months and years to come. As a text-based social network, its entire premise is falling out of favor with younger generations. A recent Pew Research Center poll found that only 17% of American teenagers used X, for instance, down from 23% in 2022. For teens and young adults, TikTok, Instagram and other visual-focused platforms are the places to be. Political polarization is also going against Bluesky ever reaching the size of TikTok, Instagram or even X. “Bluesky is not trying to be all things to all people,” Wardle said, adding that, likely, the days of a Facebook or Instagram emerging where they’re “trying to keep everybody happy” are over. Social platforms are increasingly splintered along political lines and when they aren’t — see Meta’s platforms — the companies behind them are actively working to de-emphasize political content and news. The Associated Press receives support from several private foundations to enhance its explanatory coverage of elections and democracy. See more about AP’s democracy initiative here. The AP is solely responsible for all content. Be civil. 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The starts may not look like locks at first, but they should come through in Week 13. Conversely, I’ve included some players who might otherwise seem like safe plays to avoid as well. Quarterbacks Start: Sam Darnold, Vikings vs Cardinals Darnold had a rough patch a few weeks ago, but he’s back in good form, putting up five combined TDs in his past two games. Even against the Bears top-notch pass defense last week, Darnold threw for a season-high 330 yards to go along with his two scores. His opponent this week, the Cardinals, have a decent secondary, but they pale in comparison to Chicago’s. Other locks: —Jalen Hurts at Ravens —Baker Mayfield at Panthers —CJ Stroud at Jaguars —Justin Herbert at Falcons Avoid: Jared Goff, Lions vs Bears Goff doesn’t force the ball through the air if he doesn’t have to and he would be remiss to do so against a top rated Bears secondary that will be looking to vindicate themselves after giving up some big plays to Sam Darnold last week. He’s also got the best 1 and 2 punch in football in his backfield. Jahmyr Gibbs and David Montgomery are a force and they’ll likely have a much easier time finding holes in Chicago’s run defense than Goff will in the passing game. Running backs Start: Chuba Hubbard, Panthers vs Buccaneers Hubbard fantasy owners were anxious last week, upon hearing the news that rookie running back Jonathon Brooks would be seeing his first game action this season. Fears were assuaged when Brooks only got two carries the entire game for 7 yards. Brooks’ carries could increase as he gets more comfortable in the offense, but Hubbard should have at least one more week as the starter in Carolina. It will come against a Buccaneers run defense that is a top-10 matchup for opposing runners in Week 13. Other locks: —Bucky Irving at Panthers —Jonathan Taylor at Patriots —Josh Jacobs vs Dolphins —Tyrone Tracy Jr., at Cowboys Avoid: James Conner, Cardinals at Vikings The Week 11 bye didn’t do Conner any favors as he only ran for 8 yards on seven carries in his Week 12 return. He was able to salvage his day through the air, catching five passes for 41 yards, but it was an underwhelming game from a fantasy perspective against the Seattle run defense. He’ll face a Vikings defense that ranks as a top-two run stopper going into Week 13 — Conner only gained 25 combined yards against Detroit’s top-three run defense in Week 2. Trey Benson is also gaining steam in the Arizona offense. It’s best to fade Conner this week, if you have that luxury. Wide receivers Start: DJ Moore, Bears at Lions Moore is finally starting to make waves again in fantasy, after slumping from Weeks 6 to 10. He’s had his best two-game stint of the season thus far in Weeks 11 and 12 though, going for a season-high 119 combined yards and a score in the latter game. New offensive coordinator Thomas Jones has sparked the offense and Moore has been a prime beneficiary. The Bears will have fits trying to run at the Lions’ stout run defense, so they could attack them through the air. Moore is a prime contender to keep up his recent run in Week 13. Other locks: —Ladd McConkey at Falcons —Puka Nacua at Saints —Jaxon Smith-Njigba at Jets —Jakobi Meyers at Chiefs Avoid: Quentin Johnston, Chargers vs Ravens Johnston is the definition of boom or bust, either scoring double-digit fantasy points or gaining fewer than 25 yards in nearly every game he’s appeared in this season. On "Monday Night Football," he had zero catches on five targets. Johnston has a great matchup this week, but there’s no guarantee he’ll capitalize on it. Johnston is anything but a lock this week. Tight ends Start: Luke Schoonmaker, Cowboys vs Giants Schoonmaker had three catches for 55 yards and a score against Washington in a thrilling game. Schoonmaker provided another dependable option to QB Cooper Rush. Jake Ferguson is still in concussion protocol and it’s a short week as Dallas is playing on Thanksgiving, so Schoonmaker is likely to start once again. With CeeDee Lamb nursing nagging injuries as well, look for Rush to lean heavily on Schoonmaker this week. Other locks: —Jonnu Smith at Packers —Trey McBride at Vikings —Taysom Hill vs Rams —Dallas Goedert at Ravens Avoid: Sam LaPorta, Lions vs Bears LaPorta just can’t find any consistency in the Detroit offense, going weeks between decent fantasy outings at times. He had just three catches for 19 yards in Week 12 after missing Week 11 with a shoulder injury and things aren’t looking up for him this week as the Lions are playing a stalwart Chicago defense on short rest. Look for the Lions to go run heavy this week, taking the onus off LaPorta and the rest of the Lions receiving group. ___ This column was provided to The Associated Press by RosterWatch, www.rosterwatch.com. Dorian Colbert Of Rosterwatch, The Associated PressUpdate on the rights issue following the receipt of a non-binding offer from the French State to acquire the Advanced Computing activities
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The cryptocurrency market has proven time and again that it’s a place where innovation meets opportunity. For those searching for the best cryptos for massive return potential , certain projects stand out not just for their technology but for their ability to revolutionise industries and deliver significant returns to investors. Among these projects are Qubetics, Near Protocol, and Polygon. While Near Protocol and Polygon have earned their stripes as established leaders in blockchain scalability and accessibility, Qubetics is blazing a trail with its innovative ecosystem, particularly its game-changing approach to almost instant cross-border transactions. Qubetics, in particular, is turning heads with its impressive presale success and ambitious roadmap. Let’s explore what makes these three projects some of the most exciting opportunities in the crypto space. Qubetics: Redefining Global Transactions Qubetics is a rising star in the blockchain world, and its focus on almost instant cross-border transactions is a game-changer. Imagine being able to send money across borders as easily and quickly as sending a text message. That’s exactly what Qubetics is delivering. For example, a small business in the U.S. needing to pay a supplier in Europe can bypass the traditional banking system’s delays and hefty fees. Professionals, such as freelancers working with international clients, can receive payments in real-time without worrying about middlemen or hidden costs. Even families sending remittances across the globe can do so instantly, ensuring their loved ones have access to funds without delay. The Qubetics presale has been a resounding success, now in its 13th stage. With over 365 million $TICS tokens sold to more than 11,100 holders, it has raised an impressive $7.4 million. At its current price of $0.0342, investors have a limited window to lock in this price before the next 10% price increase at the weekend. Analysts are optimistic about $TICS, projecting a price of $0.25 by the presale’s end, representing a 630% ROI. A $20,000 investment today would yield 584,795 $TICS tokens, which could be worth over $8.7 million if $TICS hits the predicted $15 post-mainnet launch. Beyond the financial potential, Qubetics is solving real-world problems . Its seamless cross-border payment system ensures businesses, individuals, and families can interact globally without the friction of traditional systems. This innovation makes Qubetics one of the best cryptos for massive return potential, not just for its ROI but for its real-world utility. Near Protocol: Championing Blockchain Accessibility Near Protocol has quickly become a darling in the crypto world for its user-friendly platform and commitment to scalability. Designed to bring blockchain technology to the masses, Near Protocol focuses on making decentralised applications accessible to developers and users, regardless of their technical expertise. Near Protocol uses a unique scaling solution called sharding, which allows the network to process more transactions as its user base grows. This ensures that the platform remains fast and affordable, even as adoption skyrockets. Developers love Near Protocol for its simplicity, and businesses appreciate its ability to handle large-scale applications without breaking a sweat. The crypto community often praises Near Protocol for its forward-thinking approach. For instance, its emphasis on climate neutrality has made it a favourite among eco-conscious investors. Near Protocol’s innovative technology and growing ecosystem make it a standout choice for those looking for the best cryptos for massive return potential. Polygon: Scaling Ethereum’s Potential Polygon has cemented its place as one of the most important projects in the Ethereum ecosystem. By addressing Ethereum’s scalability issues, Polygon enables developers to build and deploy decentralised applications without worrying about high fees or slow transaction speeds. Polygon’s Layer 2 scaling solution allows for near-instant transactions, making it the go-to platform for DeFi projects, gaming dApps, and NFT marketplaces. Its interoperability ensures that developers can integrate their applications seamlessly across multiple blockchains, further enhancing its appeal. For investors, Polygon represents a gateway to the future of decentralised technology. Its consistent innovation and expanding partnerships make it one of the best cryptos for massive return potential. Whether you’re a seasoned investor or just starting out, Polygon offers a mix of stability and growth that’s hard to ignore. Why Qubetics Deserves Your Attention While Near Protocol and Polygon are established leaders driving blockchain adoption, Qubetics offers a fresh perspective with its innovative approach to global transactions. The combination of almost instant cross-border payments, a successful presale, and bold analyst predictions makes it a standout choice for investors seeking exponential returns. The opportunity to join the Qubetics presale at its current price won’t last forever. With projections of up to $15 per $TICS after the mainnet launch, Qubetics isn’t just a promising investment—it’s a chance to be part of a blockchain revolution. Conclusion The crypto market is filled with opportunities, but only a few projects truly stand out. Qubetics, Near Protocol, and Polygon each bring something unique to the table, making them some of the best cryptos for massive return potential. For those looking to maximise their investments, Qubetics offers an unparalleled opportunity. Its focus on real-world solutions, like almost instant cross-border transactions, ensures it’s not just about financial gains but also about creating meaningful change in how we interact globally. Don’t wait—visit the Qubetics website today and secure your $TICS tokens before the next price hike. The future of blockchain starts here. For More Information: Qubetics: https://qubetics.com/ Telegram: https://t.me/qubetics Twitter: https://twitter.com/qubeticsST. LOUIS (AP) — Robbie Avila's 19 points helped Saint Louis defeat winless Chicago State 85-62 on Sunday. Avila also had seven rebounds for the Billikens (6-3). Gibson Jimerson added 18 points and seven rebounds. Kalu Anya had 14 points. The Cougars (0-11) were led in scoring by Noble Crawford, who finished with 18 points. Jalen Forrest added 13 points and seven rebounds. Troy McCoy finished with 11 points. Saint Louis took the lead with 13:38 remaining in the first half and never looked back. Avila led their team in scoring with 12 points in the first half to help put them up 41-33 at the break. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
TIRANA (Reuters) -Albania on Saturday announced a one-year ban on TikTok, the popular short video app, following the killing of a teenager last month that raised fears over the influence of social media on children. The ban, part of a broader plan to make schools safer, will come into effect early next year, Prime Minister Edi Rama said after meeting with parents’ groups and teachers from across the country. “For one year, we’ll be completely shutting it down for everyone. There will be no TikTok in Albania,” Rama said. Several European countries including France, Germany and Belgium have enforced restrictions on social media use for children. In one of the world’s toughest regulations targeting Big Tech, Australia approved in November a complete social media ban for children under 16. Rama has blamed social media, and TikTok in particular, for fuelling violence among youth in and outside school. His government’s decision comes after a 14-year-old schoolboy was stabbed to death in November by a fellow pupil. Local media had reported that the incident followed arguments between the two boys on social media. Videos had also emerged on TikTok of minors supporting the killing. “The problem today is not our children, the problem today is us, the problem today is our society, the problem today is TikTok and all the others that are taking our children hostage,” Rama said. TikTok said it was seeking “urgent clarity” from the Albanian government. “We found no evidence that the perpetrator or victim had TikTok accounts, and multiple reports have in fact confirmed videos leading up to this incident were being posted on another platform, not TikTok,” a company spokesperson said.Nerdy Inc. CEO Charles Cohn purchases $59,839 in stockSHREVEPORT, La. - We officially have an announcement on what teams will be coming to Shreveport for the 2024 Radiance Technologies Independence Bowl. This year's matchup features teams from the Sun Belt and American Conference. It's Marshall vs. Army West Point. Both teams won their conference championship this year. This will be the first year since the inaugural year of the Independence Bowl, which was in 1976, that two teams who won their conference will face off against each other. "It's extremely important. It calls attention to our bowl. It gives our bowl the status of having a conference champion. That's very significant, and to be able to put two of them together is very exciting," said Independence Bowl Chair Claire Rebouche. The Marshall Thundering Herd vs. the Army Black Knights will kick off at 8:15 on December 28.
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The last time a president signed an executive order with a price tag in the hundreds of billions of dollars, that president was , and the U.S. Supreme Court struck down the policy as administrative overreach. Now, president-elect has announced his own executive order worth hundreds of billions of dollars, promising to sign a massive on goods from Mexico, Canada and China on his first day in office. Those tariffs could be the first test of just how cravenly loyal the Supreme Court’s conservative wing is to the man who appointed three of the sitting justices to the bench. “Tariff” is just a fancy word for a tax paid by U.S. businesses on imported goods, with the added costs passed on to American consumers. Trump’s proposed tariffs of 25 percent on all products from Mexico and Canada, and 10 percent on all products from China, will cost about $272 billion per year, economists CNN. The president does have some congressional power to enact tariffs, but a policy as massive as the one Trump is proposing would normally trigger something called the “major questions doctrine,” legal analysts have . That’s the same doctrine the Supreme Court used to strike down Biden’s student loan forgiveness program and to hamper his efforts to reduce greenhouse gas emissions. It basically says that anytime a federal agency tries to enact a policy with “vast economic and political significance,” the courts have to scrutinize whether Congress actually intended to give the agency that power, the justices decided in 2022 in . In that case, the Supreme Court held that even though Congress had given the EPA the power to set environmental performance standards by applying “the best system of emission reduction,” Biden’s EPA couldn’t reduce emissions by phasing out coal and gas plants. A year later, in , the court struck down Biden’s $400 billion student loan forgiveness plan, even though Congress had given the Secretary of Education the power to “waive or modify” laws and regulations governing student loan programs. Critics have both decisions as a “judicial power grab” and accused the justices of legislating from the bench. But whatever the merits of the rule itself, the exact same justices that struck down Biden’s policies in 2022 and 2023 are likely to decide on Trump’s tariffs. Companies that will be impacted by the new taxes have been preparing lawsuits for weeks, according to a from NBC, meaning the rule will almost certainly end up litigation. The big question now is whether the Supreme Court will apply the same legal standard for Trump. In his statement on Monday, Trump seemed to hint at some type of national security justification for the tariffs. His planned executive order is in response to “thousands of people... pouring through Mexico and Canada, bringing crime and drugs at levels never seen before,” including fentanyl originating in China, he said. But so far, national security hasn’t figured in the major questions doctrine. In fact, critics argue that the rule itself national security. And even if there were an exception, it’s not clear what an import tax paid by American companies has to do with illegal border crossings. Of course, it’s completely possible the Supreme Court’s conservative majority will suddenly, conveniently decide the major questions doctrine doesn’t apply to issues of national security, and that all a president has to do is say the phrase “national security” to end any legal scrutiny. In that case, the Supreme Court will have passed its first MAGA loyalty test.Biden wrong to choose his son over his country
Saquon Barkley sets Eagles season rushing record and has Dickerson's NFL mark in his sightsIn a dramatic twist, the US Securities and Exchange Commission (SEC) has charged Gautam Adani, the chairman of the Adani Group, with securities fraud, wire fraud, and involvement in a massive bribery scheme related to a multi-billion-dollar solar energy project. These charges come after months of scrutiny, investigations, and growing controversy surrounding Adani’s business practices. Below is a detailed timeline of the events leading up to these charges and their aftermath. The controversy began in January 2023 when Hindenburg Research, a financial analysis firm, released a detailed report accusing the Adani Group of using offshore tax havens, inflating stock prices, and accumulating unsustainable levels of debt. The report’s findings led to a sharp drop in the value of Adani Group’s listed companies, wiping out billions in market value. Key Highlights: In response to the Hindenburg report and growing concerns, the Securities and Exchange Board of India (SEBI) initiated an investigation into the Adani Group. SEBI’s role was scrutinized, with many questioning whether the regulatory body was moving swiftly enough to address the allegations. Key Highlights: Following mounting pressure, SEBI was directed to expand its investigation into the Adani Group’s financial practices, particularly focusing on the allegations of stock manipulation and the misuse of offshore funds. Key Highlights: By May 2023, a committee criticized SEBI for its lack of progress in investigating the Adani Group’s alleged financial misdeeds. The criticism added to the pressure on Indian regulators to take more decisive action. Key Highlights: In August 2023, the Organized Crime and Corruption Reporting Project (OCCRP) accused Adani of using offshore funds to inflate stock prices. The report also raised concerns about potential violations of Indian stock market regulations. Key Highlights: Hindenburg Research released a second report accusing SEBI’s chief of having a conflict of interest in handling the Adani case, further compounding the controversy surrounding the investigation. Key Highlights: The US SEC formally charged Gautam Adani and several associates with securities fraud, wire fraud, and other crimes related to a bribery scheme spanning from 2020 to 2024. The charges stem from the involvement of Adani Group companies in a bribery scheme connected to a large-scale solar energy project. Key Highlights: Following the news of the SEC charges, the Adani Group’s stock prices plummeted by 20%, with the broader market also feeling the effects. The market capitalization of the Adani Group has shrunk by over $30 billion as a result of these allegations and legal challenges. Key Highlights: In addition to the criminal charges, the SEC filed a lawsuit seeking financial penalties against Adani and his team. The lawsuit highlights the scale of the fraud and bribery scheme, calling for substantial penalties. Key Highlights: The bribery scheme centered around Adani Green and Azure Power, two energy companies under the Adani Group. Adani Green raised $175 million from US investors while the alleged bribery scheme was in progress. The SEC charges three senior executives in connection to this scheme, which spanned multiple years. Key Highlights: As the legal battle continues, Gautam Adani and his co-defendants could face serious criminal penalties, fines, and sanctions in the United States. The charges are also expected to impact the Adani Group’s global businesses, particularly in the power and energy sectors, which are central to the group’s operations. Key Highlights: The charges against Gautam Adani and his associates mark a new chapter in a scandal that has already rocked global markets and strained India’s regulatory framework. As the legal battles unfold, the future of Adani’s empire remains uncertain, with the impact being felt both in India and globally. MUST READ: What Does The Adani Case Mean For Trump-Modi Ties?