Media
Technical briefing and announcement on transition from Canada Emergency Response Benefit (CERB)
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GATINEAU, QC, Aug. 20, 2020 /CNW/ – Deputy Prime Minister and Minister of Finance Chrystia Freeland, and Minister of Employment, Workforce Development and Disability Inclusion Carla Qualtrough, will hold a press conference on new measures to support Canadian workers through the next phase of the recovery.
A media availability will follow the announcement.
Please note that all details are subject to change.
EVENT: Media press conference
DATE: Thursday, August 20, 2020
TIME: 2:30 p.m. ET
Media representatives wishing to participate in the teleconference should dial 1-866-206-0153 (toll-free in Canada and the United States) or 613-954-9003. The access code 4511840#.
In-person details: West Block, Room 225
Parliament Hill, Wellington Street, Ottawa, Ontario
EVENT: Media technical briefing
DATE: Thursday, August 20, 2020
TIME: 12:30 p.m. ET
Prior to the press conference, senior officials from Employment and Social Development Canada, the Canada Revenue Agency and the Department of Finance will hold a technical briefing under embargo.
The briefing will take place via teleconference.
The briefing is on background and not for attribution.
RSVP: Media representatives who wish to participate are required to register in advance by sending an email to [email protected] .
Dial-in information will be provided to registered media representatives upon registration.
Documents will be shared under embargo with registered media before the briefing begins.
SOURCE Employment and Social Development Canada
For further information: FOR INFORMATION (media only): For more information, please contact: Marielle Hossack, Press Secretary, Office of the Honourable Carla Qualtrough, Minister of Employment, Workforce Development and Disability Inclusion, 819-956-3239, [email protected]; Media Relations Office, Employment and Social Development Canada, 819-994-5559, [email protected]
Source: – Canada NewsWire
Media
Trump Media warns Nasdaq of suspected market manipulation – CNN
New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
Media
Bitcoin halving, Trump Media stock falling, and banks rising: Markets news roundup – Quartz
Trump Media & Technology Group said it will issue millions more shares, sending its stock plunging again.
The company behind former President Donald Trump’s Truth Social platform said in a Securities and Exchange Commission filing that it is registering the resale of up to almost 21.5 million new shares of common stock issuable upon the exercise of warrants, up to about 146 million shares of common stock, and up to about 4 million warrants to purchase common stock. Certain shares held by insiders may still be restricted from trading until the expiration of a lock-up agreement 5-6 months after the date of the IPO.
Media
Trump Media warns Nasdaq of suspected market manipulation – CNN
New York
CNN
—
Trump Media, the parent company of the former president’s Truth Social, alerted Nasdaq Inc. on Thursday of what the company suspects is illegal activity driving down the price of its shares.
In a letter to the exchange, Devin Nunes, the CEO of Trump Media (DJT), laid out what he believes could be deemed “naked” short selling.
Naked short selling involves someone selling shares they don’t own or have not borrowed. They will often then try to buy shares at a reduced price to cover themselves. This practice is generally illegal. Whereas legitimate short sellers, people who seek to benefit from declines in the value of a company’s shares, borrow the shares before selling.
The letter was made public Friday in a filing with the Securities and Exchange Commission.
Nunes also noted in the letter that shares of the company were on a list the Nasdaq maintains that’s “indicative of unlawful trading activity.”
“This is particularly troubling given that “naked” short selling often entails sophisticated market participants profiting at the expense of retail investors,” he said.
Representatives from Nasdaq and Trump Media did not immediately respond to requests for comment.
The company, which is majority-owned by former President Donald Trump, is down by around 50% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public.
Shares of company have been on a wild ride since.
Although the company is still worth billions of dollars, it is struggling to make money and needs cash. Experts have warned investors to be careful if they choose to trade the stock, because the company doesn’t have the fundamentals to back up its sky-high valuation.
Trump Media lost $58 million in 2023 and made just $4.1 million in revenue.
Shares of the company ended Friday’s session about 9.6% higher.
This story has been updated with additional developments and context.
CNN’s Nicole Goodkind contributed to this report.
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