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Wealthy executives make millions trading competitors’ stock with remarkable timing

Published Sat, 22 Feb 2025 05:15:53 GMT

This story was originally published by ProPublica.Series: The Secret IRS FilesInside the Tax Records of the .001%On Feb. 21, 2018, August Troendle, an Ohio billionaire, made a remarkably well-timed stock trade. He sold $1.1 million worth of shares of Syneos Health the day before a management shake-up caused the company’s stock to plunge 16%. It was the largest one-day drop that year for Syneos’ share price.The company was one Troendle knew well. He is the CEO of Medpace, one of Syneos’ chief competitors in a niche industry. Both Syneos and Medpace handle clinical trials for biopharma companies, and that year they had jointly launched a trade association for companies in the field.The day after selling the Syneos shares in February 2018, Troendle bought again — at least $3.9 million worth. The value of his Syneos stake then rose 75% in the year that followed.In February 2019, Troendle sold much of that position, netting $2.3 million in profit. Two days later, Syneos disclosed that th...

Aurora dentist suspected of fatally poisoning wife, police say

Published Sat, 22 Feb 2025 05:15:53 GMT

An Aurora dentist is suspected of poisoning his wife to death, police said Sunday.James Craig, 45, was arrested Sunday morning on suspicion of first-degree murder, Aurora police spokesman Joe Moylan said in a news release. Craig’s 43-year-old wife, who was not publicly identified by police, died early Sunday morning, days after being hospitalized and declared brain dead.Police say Craig drove his wife to a hospital at about 8:45 p.m. Wednesday because she was suffering from severe headaches and dizziness. Soon after she arrived, her “condition deteriorated rapidly,” and she was put on a ventilator in the hospital’s intensive care unit, Moylan said. She was declared medically brain dead “a short time later,” police said in the news release.Related ArticlesCrime and Public Safety | Aurora man faces murder charges in wife’s poisoning death Crime and Public Safety | Man in custody accused of Westminster murder after vi...

Arrowhead wildfire: Voluntary evacuations in place for Larimer County wildfire burning in Poudre Canyon

Published Sat, 22 Feb 2025 05:15:53 GMT

The Larimer County Sheriff’s Office issued a voluntary evacuation order Sunday for a wildfire burning in Poudre Canyon.The voluntary evacuation area stretches from Riverside Drive to the US Forest Service Visitor Center on Poudre Canyon Road (Highway 14).The sheriff’s office is asking residents in the area to gather essential items and prepare for evacuation.Related ArticlesColorado News | Logging in Jefferson County for fire mitigation stokes anger among residents A Red Cross Red Cross site has been set up at Cache La Poudre IB Middle School, located at 3515 Co Rd 54G in Laporte.The Arrowhead Fire, as it is being called, is burning in the area of Highway 14 and Arrowhead and is currently estimated to be around 7 acres. Containment has reached 50% as of 4:30 p.m. Sunday.#ArrowheadFire 7 acres, 50% contained. pic.twitter.com/JgewIJ12OV— Canyon Lakes Ranger RD (@usfsclrd) March 19, 2023Read the full story at Denver7.com.Wildfire mapClick markers for details, use ...

French court fined Mukhtar Ablyazov for failure to appear in court

Published Sat, 22 Feb 2025 05:15:53 GMT

On March 7, 2023, the Court of Appeal of the French city of Aix-en-Provence ruled to impose a fine on Mukhtar Ablyazov for failing to appear in court. The court refused to accept Ablyazov's arguments about political persecution as an excuse for not appearing.Mukhtar Ablyazov was supposed to appear in the court of Aix-en-Provence on June 15 and 16, 2021 for interrogation. At the last moment before the meeting, Ablyazov, through his lawyer, announced that he did not intend to follow the instructions of the French court, arguing his decision with fear of political persecution.Later, BTA filed a motion to impose a fine on Ablyazov due to his failure to appear in court. In the appellate instance, the court found that Mukhtar Ablyazov had already appeared on a similar call in 2018. Ablyazov was also deprived of refugee status, first in England and then in France, so he could not use this status to fail to appear in court. At the same time, earlier the investigating judge appointed Ablyazo...

Firefighters rescue man who jumped from bridge into L.A. River

Published Sat, 22 Feb 2025 05:15:53 GMT

Los Angeles Fire Department crews rescued a man who jumped from the 6th Street Bridge into the Los Angeles River and was carried away by the current Sunday morning. The man was seen climbing the 6th Street Bridge around 10 a.m., before jumping into the water below, fire officials said. The river, which was moving at speeds of about 5-10 mph, according to officials, carried the man about three-quarters of a mile away until he ended up on an embankment south of the 10 Freeway overpass. Stormy weather to linger over SoCal until Wednesday The man suffered undisclosed injuries during the fall, which prevented him from getting himself to safety. Fire officials estimated the water was only about 2-feet deep below the bridge where he jumped.An LAFD helicopter responded to the scene and hoisted the man to safety with the assistance of crews on the ground. The unidentified man was taken to the hospital for moderate injuries and was listed in fair condition.This particular rescue went smoot...

2-car crash in Toluca Lake traps victim; 3 people taken to hospital

Published Sat, 22 Feb 2025 05:15:53 GMT

Three people were taken to the hospital, including one in critical condition, after a two-car crash with an entrapment Sunday in Toluca Lake, authorities said.  Crews with the Los Angeles Fire Department responded to the scene in the 4300 block of North Cahuenga Boulevard, near Moorpark Street, a little before 1:30 p.m.  “Firefighters extricated one person who was trapped and transported a total of three patients to local hospitals,” an LAFD news release stated.  Authorities said the three patients were a woman in her 40s who was in moderate condition, another woman in her 20s in moderate condition and a male in his 20s who was in critical condition.  Three people were taken to the hospital, including one in critical condition, after a two-car crash, seen here, in Toluca Lake Mar. 19, 2023 (Citizen app).Three people were taken to the hospital, including one in critical condition, after a two-car crash, seen here, in Toluca Lake Mar. 19, 2023 (Citizen app).First respon...

READ: Disneyland President Ken Potrock's opening remarks ahead of Toontown reopening

Published Sat, 22 Feb 2025 05:15:53 GMT

Disneyland's reimagined and revitalized Toontown reopened to the public on Sunday. The previous day, Disneyland President Ken Potrock hosted a dedication ceremony to commemorate the park's reopening and a new chapter for Mickey's Toontown, which opened to the public more than 30 years ago.Potrock's entire remarks can be read below:"Welcome to all of our guests, and especially our younger guests. Thank you guys for being here. Hi, everybody. So, I think I think many of you know that Walt Disney opened up this park in 1955. When he opened this park, he had a very famous quote, where he said to, 'All who come to this happy place, welcome.' I'm going to modify that quote just a little bit for today, and say: To all who come to this happiest of lands in this happiest place, welcome. We are so thrilled that you are here as part of, not just the opening of Toontown, but quite honestly the continuation, and further excitement of the 100th anniversary of The Walt Disney Company. We launched ...

Newsom proposal would add billions for mental health treatment beds

Published Sat, 22 Feb 2025 05:15:53 GMT

In a major legislative proposal to combat the state’s growing homelessness crisis, Gov. Gavin Newsom announced Sunday an effort to push billions of dollars toward building a vast network of treatment beds to help California’s mentally ill and drug-addicted residents find care.Through a bond measure that could reach up to $5 billion, the governor hopes to build at minimum 6,000 new mental health beds across the state. Funding would also come through the diversion of over $1 billion annually from a pool of money created by a proposition passed by voters almost two decades ago.“It is unacceptable what we’re dealing with at scale in California,” Newsom said at a press conference on Sunday in San Diego announcing the new effort. “We have to address and come to grips with the reality of mental health in our state and nation.”Both the bond measure and diversion of funds would have to pass the muster of the legislature before being placed on the ballot an...

Amoore, Hokies advance to Sweet 16 of March Madness

Published Sat, 22 Feb 2025 05:15:53 GMT

BLACKSBURG, Va. (AP) — Georgia Amoore scored 21 points and top seed Virginia Tech held off No. 9 seed South Dakota State 72-60 on Sunday in the second round of the NCAA Tournament’s Seattle 3 Region.Elizabeth Kitley added 14 points and 14 rebounds for the Hokies (29-4), who won their 13th consecutive game, to advance to the Sweet 16 for just the second time in program history. They will play the winner of Monday’s matchup between No. 12 seed Toledo and No. 4 seed Tennessee.Virginia Tech also set a school record with its 29th win, breaking the mark of 28 set by the 1998-99 squad — the only other team in school history to advance to the Sweet 16.Myah Selland led South Dakota State (29-6) with 17 points and nine rebounds.The Jackrabbits entered the game with a 22-game winning streak, but aided by a raucous home crowd, the Hokies — who set a school record with their 16th home victory this season — jumped on the Jackrabbits early and never trailed.Virginia Tech held South Dakota State sc...

No diving: Leverkusen beats Bayern 2-1 to leave Dortmund top

Published Sat, 22 Feb 2025 05:15:53 GMT

BERLIN (AP) — Amine Adli was twice booked for diving, twice excused, and Bayer Leverkusen scored twice from the resulting penalties to upset Bayern Munich 2-1.Bayern’s third defeat of the season left Borussia Dortmund top of the Bundesliga on Sunday.Referee Tobias Stieler had VAR to thank — twice — after getting it wrong initially both times. He apologized to Adli on each occasion after consulting replays which showed the French player had, in fact, been fouled first by Benjamin Pavard, then Dayot Upamecano. “It was the perfect example today of great collaboration with the video assistant,” Stieler said. “He gets a lot of complaints and is always very harshly criticized. Today it was a lifesaver for the game.”Exequiel Palacios scored both penalties to end Bayern’s four-game winning run across all competitions and leave Dortmund one point clear with nine rounds remaining.“It was a very important game for us. We knew that before the game but were unable to show it on...