Hindenburg Research, known for its impactful short-selling reports, is shutting down as announced by founder Nate Anderson. Since 2017, the firm has uncovered alleged corporate fraud, including claims against the Adani Group, causing significant market value losses. While Anderson cites no specific reason, he plans to open-source Hindenburg’s methodology and support his employees’ future endeavors.

“Oligarchy taking shape in America,” says President Joe Biden in farewell address

President Joe Biden’s farewell address warns of the dangers posed by the concentration of power among the ultra-wealthy, describing it as an emerging oligarchy. He also highlights the threats of misinformation and a declining free press, while reflecting on his administration’s achievements and stressing the need to guard democratic institutions.