(Antfer) #1
COBAIN:

FRANK

MICELOTTA/GETTY

IMAGES.

STONE:

MANUEL

BALCE

CENETA/AP

IMAGES.

MERAPI:

SIAMET

RIYADI/AP

IMAGES.

GNC:

COURTESY

GNC

4


 IN BRIEF


○ GNC filed for bankruptcy
protection. The health
company will close stores
and is looking for a buyer,
with an initial bidding price
of $760 million, subject to
court approval.

○ Coronavirus infections in
Florida rose to another high,
and Texas Governor Greg
Abbott said contagion was
accelerating at “an
unacceptable rate,” though
he doesn’t want to reimpose
an economic lockdown.
Globally, cases have passed

9m
anddeathshavetopped
478,000.

○ TheUNsaid
almost 260 million
childrenworldwide
wereexcluded
fromeducation
in 2018.

○ MountMerapi,Indonesia’smost
activevolcano,eruptedtwiceon
June21,spewinganashplumehigh
intothesky.Merapi’slasteruption,in
2019,killedmorethan 300 people.

○ Bayeragreedtopay
asmuchas

$10.9b
tosettlelawsuits
allegingthatitsRoundup
weedkillercausedcancer.
TheGermanchemicals
companyinheritedthe
litigationaspartofits
takeoverofseedsgiant
Monsantoin 2018.Bayer
hasmaintainedthat
Roundupis safeif it’s
usedproperly.

○Wirecard
is imploding
afterrevealing
that€1.9billion
($2.1billion)has
gonemissing.

○ SoftBanksolda stake
in wirelesscarrier
T-MobileUSvaluedat

$21b
TheJapaneseinvestment
giantis raisingfundsafter
sufferingrecordlossesfrom
wrong-waybetsonWeWork
andotherstartups.

○ UBSpredicted
thatuptoa third
ofitsemployees
mightnowwork
remotelyona
permanentbasis.

○“What


I heard—


repeatedly—


wasthat


RogerStone


was


being


treated


differently


fromanyother


defendant


because of his


relationship to


the president.”


Former federal prosecutor Aaron
Zelinsky, testifying before Congress
that political pressure was behind
the Justice Department’s decision to
reduce its sentence recommendation
in the Stone case.

Bloomberg Businessweek By Benedikt Kammel

○ TheguitarKurtCobainplayedatNirvana’shistoricMTVUnpluggedconcert
in 1993soldfora record$6millionatanauctionin BeverlyHills.Thebuyerof
the 1959 MartinD-18Eacoustic-electricguitarwasPeterFreedman,founderof
RodeMicrophones.

Girls, the disabled, immigrants, and
ethnic minorities were particularly
vulnerable, the report by the Unesco
education body found.

Markus Braun, who built the fintech
company over almost two decades as
CEO, resigned and was later detained
by prosecutors, who accuse him of
inflating the balance sheet. Braun says
Wirecard, long a star performer on
Germany’s stock market, was the victim
of possible fraud.  12

The Swiss banking giant, which
employs almost 70,000, had 80%
of its worldwide staff at home at the
height of the pandemic.