Carlos Slim's America Movil Gets Reprieve On $1 Billion Fine, Sees Net Worth Climb

Greenwood Village investment manager and former attorney Hendrik Jordaan has settled allegations that he inappropriately charged business and personal expenses to two investment funds backed by some of Denver’s wealthiest families, according to a news release from the U. S. Securities & Exchange Commission on Friday. Jordaan, a native of South Africa and former partner in the law firm Morrison Foerster, raised money for and then managed the One Thousand & One Voices Fund, which invested in sub-Saharan Africa, and the Families Legacy Fund, which invested in North America. Jordaan operated and owned the two management companies investing the money in the two funds, which came primarily from wealthy families.

Euan Cherry/Peacock; Natalie Ammari/BIShows like "Goosebumps" and "The Traitors" returned this week. New series like "American Primeval" and "The Pitt" also premiered. A Jerry Springer docuseries and the final episodes of "The Curious Case of Natalia Grace" are out too. This weekend, you can watch a bloody Western drama, a deep dive into "The Jerry Springer Show," or a reality competition where pseudo-celebrities compete for money in a Scottish castle.

President-elect Donald Trump's decadeslong friendship with UFC President Dana White has been mutually beneficial to both men. Alex Brandon/APDonald Trump and Dana White have enjoyed a decadeslong friendship predating presidential politics. In each of Trump's three presidential campaigns, White lined up behind the president-elect. During the 2024 race, the mixed martial arts leader also appeared on Trump's first TikTok video.

Scientists in the UK have forged 5.5 tonnes of a new kind of steel capable of withstanding the searing heat and intense neutron radiation of nuclear fusion, the same reaction that powers the Sun and stars. The breakthrough is another boost to Europe’s growing flock of fusion energy startups. A UK Atomic Energy Authority (UKAEA) working group called NEURONE produced the reduced-activation ferritic-martensitic steel, or “RAFM” for short.

TNW has strengthened its support for European tech by adding ecosystems expert Yeni Joseph to the management team. Yeni has also started a new role as Head of Ecosystem Strategy and Partnerships.  The appointment brings extensive expertise to TNW’s leadership — and fresh ideas.  “TNW has a long-standing track record of catalysing innovation,” says Yeni.

London-headquartered biotech startup Verdiva has emerged from stealth with a whopping $410mn for a new range of drugs aimed at tackling the obesity epidemic. It’s one of Europe’s largest-ever biotech VC deals, signalling investor appetite for the booming weight loss market.  Verdiva looks to challenge the dominance of Novo Nordisk and Eli Lilly, the makers of the two most popular weight loss drugs,  Ozempic and Wegovy.