‘Pharma Bro’ Martin Shkreli Convicted
Former pharmaceutical executive Martin Shkreli — best known for jacking up the price of a life-saving drug for AIDS patients by 5,000 percent when he was head of Turing Pharmaceuticals — was found guilty on Friday for two counts of securities fraud and one count of conspiracy to commit securities fraud. He faces up to 20 year in prison.
Less than two hours after his trial, Shkreli was back home, trash-talking in a livestream on YouTube. But experts say his snarkiness could come back to haunt him. Read the story from The AP.
Report: Uber Leased Unsafe Cars
The company kept buying cars it knew had defective components from “gray-market” dealers, The Wall Street Journal reports. Then a Honda Vezel burst into flames, with an Uber driver at the wheel. Read the story from NPR.
Google To Take On Snapchat?
Google is working with publishers on a news product called Stamp that would serve up articles in a mobile magazine-like design, similar to Snapchat’s Discover service, according to a person familiar with the matter. Read the story from AdAge.