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Check FAQAbout Alexander
Alexander Saeedy is a journalist and public policy researcher based in Brussels, Belgium, where he writes about financial regulation, the global economy, international taxation, and European political affairs. A graduate of Yale University, he's written for Reuters, VICENews, Foreign Affairs, Euronews, and more. You can read his thoughts on politics, music, Belgian eccentricities, and everything else on Twitter at @ajsaeedy.
Portfolio
Mallinckrodt Bankruptcy Plan Gets Approval, Will Wipe Out $1 Billion in Opioid Payments
Mallinckrodt, a major U.S. opioid manufacturer, received court approval for a bankruptcy plan that eliminates over $1 billion in payments intended for addicts, transferring control of the company to its creditors. The U.S. Bankruptcy Court in Wilmington, Delaware, approved the plan, facilitating the company's exit from its second bankruptcy in under three years.
Dikembe Mutombo, one of the NBA's best defensive players, has died following a battle with brain cancer.
Dikembe Mutombo, renowned as one of the NBA's top defensive players, has passed away at the age of 58 after battling brain cancer. His contributions to basketball and his legacy in the NBA are acknowledged.
Why Opioid Settlements Worth Over $8 Billion Are at Risk of Falling Apart
Several multibillion-dollar settlements by opioid manufacturers and distributors, including Purdue Pharma and Mallinckrodt, are at risk of falling apart, jeopardizing over $8 billion intended for addiction victims and state governments. These settlements were meant to aid communities in combating opioid addiction and covering rehabilitation costs. The potential collapse of these agreements highlights the fragility of major opioid settlements and the uncertainty surrounding their full payout.
JPMorgan hit with nearly $350m fine for compliance failures in trading
Federal regulators fined JPMorgan Chase approximately $350 million on 14 March for failing to properly monitor billions of trades executed since 2019. The Federal Reserve stated that JPMorgan did not adequately surveil trading and order activity through its corporate and investment bank across 30 exchanges and other trading venues, affecting both firm and client trades.
How Wall Street Won a Battle Over Venezuelan Sanctions
The U.S. lifted a wide range of sanctions against Venezuela in October but retained the option to reimpose them, acknowledging the failure of the ban on buying Venezuelan bonds. Wall Street investors provided evidence to Washington indicating that the trading of Venezuelan bonds was benefiting individuals with Russian ties, suggesting a potential increase in Russian influence in the region.
UFO Movement Grows at an Otherworldly Speed
The Connecticut chapter of the largest UFO research group in the USA has seen significant growth, expanding from six to nearly a hundred members. Meetings, once held secretly in a suburban basement, now take place openly at AD's Pizzeria in Windsor Locks, with guest speakers often featured. The DeLeo family, who own the pizzeria, do not believe in aliens but have generously opened their doors to the group.
The UFO Movement Sees Otherworldly Growth
The Mutual UFO Network of Connecticut has experienced significant growth, expanding from six to nearly 100 members. Meetings, once held in obscurity, now occur openly at AD’s Pizzeria in Windsor Locks, where members discuss UFO sightings and related topics. This reflects a broader increase in public interest and engagement with UFO phenomena.
The UFO Movement Sees Otherworldly Growth
The Connecticut chapter of the Mutual UFO Network, once a small group meeting in obscurity, has experienced significant growth, now boasting nearly 100 members. Monthly meetings are held at AD's Pizzeria in Windsor Locks, where discussions about UFOs take place over Italian-American cuisine.
Sale of Silicon Valley Bank’s old venture capital arm hits a snag
The sale process for the venture capital arm of bankrupt SVB Financial, the former parent of Silicon Valley Bank, has stalled, leading creditors to prepare for a potential takeover. Two main contenders, a partnership between Anthony Scaramucci’s SkyBridge Capital and Atlas Merchant Capital, and San Francisco's Vector Capital, were previously reported as front-runners.
Big Four accounting firms overhired. Now they’re starting to lay off partners
EY, one of the Big Four accounting firms, is starting to lay off partners in the US as part of cost-cutting measures due to slowed growth and excess capacity. Dave Burg, EY’s head of Americas cybersecurity, communicated this decision during a webcast call with partners and staff.
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