3. Where's the Twitter deal?
Elon Musk and Twitter haven't reached a final agreement, but there have been several key behind-the-scenes developments in their negotiations. The judge who's presiding over the legal fight between the two sides in Delaware Chancery Court said Wednesday that she was still preparing for the trial, set to begin Oct. 17, as neither side had asked for a delay. Musk was scheduled for a deposition in the case Thursday, but both sides agreed to postpone it as discussions continue, according to Reuters. The news service, citing sources, also said Apollo Global Management and Sixth Street Partners had ended discussions to provide as much as a combined $1 billion to help back the $44 billion deal.
4. Ex-Uber security chief found guilty
A federal jury found Joe Sullivan, a former top security chief at Uber, guilty of covering up a cybersecurity breach in 2016 that affected the personal data of 57 million drivers and customers. "Sullivan affirmatively worked to hide the data breach from the Federal Trade Commission and took steps to prevent the hackers from being caught," said Stephanie Hinds, U.S. attorney for the Northern District of California. Uber didn't disclose the incident for a year. It is rare for cybersecurity executives to face prosecution in similar circumstances, so the case could mark a turning point. When Sullivan was indicted in 2020, prosecutors accused him of arranging to pay the criminals $100,000 in bitcoin while also having them sign nondisclosure agreements that falsely said they had not stolen any data during the hack. Uber had previously paid nearly $150 million to settle claims that it took too long to disclose the breach. The company reached a settlement to avoid criminal charges in July, agreeing to cooperate in Sullivan's prosecution. He faces a potential five-year prison sentence.
5. Horror in Thailand
Shocking news out of Thailand: A gunman killed at least 24 children and 11 adults in an attack that began at a childcare center in the northeastern part of the country. The suspect opened fire and killed multiple people as he drove away, before returning home to kill his wife and child, police said. He then took his own life, they added. Authorities identified the man as a former police officer. According to the Associated Press, gun deaths are rarer in Thailand than in nations like the United States and Brazil, but are higher than in places with strict gun laws, such as Singapore and Japan. The rate of firearms related deaths in 2019 was about 4 per 100,000, compared with about 11 per 100,000 in the U.S. and nearly 23 per 100,000 in Brazil," the news service wrote.
– CNBC's Carmen Reinicke, Sam Meredith, Natasha Turak and Holly Ellyatt contributed to this report.
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