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US Senate to hold FTX hearing Dec. 1, CFTC chairman to testify By Reuters

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© Reuters. FILE PHOTO: Rustin Behnam testifies before the Senate Agriculture, Nutrition and Forestry Committee regarding his nomination to chair the Commodity Futures Trading Committee (CFTC) on Capitol Hill in Washington, U.S. October 27, 2021. REUTERS/E

(Reuters) – The US Senate Committee on Agriculture said Thursday that it will hold a hearing on December 1 to examine the sudden collapse of FTX, one of the world’s largest cryptocurrency exchanges.

FTX filed for bankruptcy on November 11, causing an estimated one million customers and other investors to face billions of dollars in losses. The company’s failure caused a liquidity crisis that spread across the industry and sent down the prices of Bitcoin and other digital assets.

CFTC Chairman Rustin Behnam is the first witness named for the hearing, titled “Why Congress Needs to Act: Lessons Learned from the FTX Crash.”

US Senate Committee on Agriculture Chair Debbie Stabenow on Thursday also called on Congress to pass the bipartisan Digital Goods Consumer Protection Act, which she said “would have prohibited misconduct and dangerous conduct by FTX.”

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The US House of Representatives Financial Services Committee also said it plans to hold a hearing in December to investigate the collapse of FTX.

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Twitter users are running Musk Over Kanye West

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Even Elon Musk has his limits.

Musk, Tesla (TSLA) – Get a free report The CEO, Twitter’s latest owner and self-described free-spirited free-lancer, has confirmed the microblogging site to be “an actual town square” ever since he walked through the front door with sink in hand.

“It’s mad!” The richest man in the world chirp On November 25 “I’m just fighting for free speech in America.”

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In his quest, Musk recently Welcome back Donald Trump, ending a 22-month ban on the former Republican president.



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Renault and Nissan drop December 7 announcement of new deal – JNN via Reuters

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© Reuters. FILE PHOTO: The logos of auto manufacturers Nissan and Renault are pictured at the Kyiv dealership in Ukraine on June 25, 2020. REUTERS/Valentin Ogiryenko/File Photo

TOKYO (Reuters) – Automakers Renault Japanese television network JNN reported Friday that Nissan (EPA:) and Nissan (OTC:) will drop a December 7 announcement of a new deal for their restructured alliance as they struggle to bridge their differences.

Both sides are engaged in discussions to restructure their alliance. Renault is looking to Nissan to invest in its electric vehicle business, while Nissan is seeking to sell part of Renault’s 43% stake in Nissan to put the two partners on an equal footing.

JNN said the two parties decided to forgo the Dec. 7 announcement because they had not reached an agreement as of Friday on how to share the intellectual property.

She added that there are no new plans for when to make an announcement. It is not clear from the report whether JNN cites a single source or multiple sources.

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Neither Renault nor Nissan immediately responded to a request for comment.

Reuters reported earlier that both parties had set December 7 as a possible date for announcing the new alliance structure.

The question of how technology and intellectual property will be shared has proven to be a sticking point in the talks.

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Stocks that might benefit from a Bong win on the bottle

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Seminal cultural questions over the years included paper or plastic? Cash, check or credit card? Boxers or briefs?

Now that recreational marijuana use is increasingly legal, the question for those who want to indulge in relaxers is pot or booze?

Cannabis appears to be the winner market share from alcohol. A total of 50% of American consumers live in a state that has passed legalization measures, according to Coin analysts. Total cannabis sales now account for 10% of alcohol sales, up from 2% in 2017.

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Analysts wrote in a commentary that legal cannabis sales have grown at an average of 46% annually over the past five years, while alcohol sales have increased at an average of 5%.



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