A biotech company that once claimed to have a 'cure' for COVID-19 just filed for bankruptcy, sending shares plunging 61%

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Sorrento Therapeutics
Employees working in a lab that is focused on fighting COVID-19 at Sorrento Therapeutics in San Diego, California on May 22, 2020.

Ariana Drehsler/Getty Images

Adani had a handful of auditors as young as 23 years old signing off on companies worth $100 billion, Hindenburg says

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Founder and chairman Of Adani Group, Gautam Adani.
Gautam Adani, founder and chairman of Adani Group.

Ramesh Dave/Mint via Getty Images)

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

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Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

Ramesh Dave/Mint/Getty Images

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Tech Insider
Chairman Of Adani Group Gautam Adani poses for a profile shoot during an interview on Jlu on July 19, 2010 in Ahmedabad, India.
Share prices of companies under Indian billionaire Gautam Adani's empire are under pressure following a short seller attack.

Ramesh Dave/Mint/Getty Images

It's been a very bad month for Indian billionaires — four of the richest Indians have collectively lost about $45 billion in 2023

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Gautam Adani
Gautam Adani has lost about $36 billion in net worth this year following a massive selloff in his publicly traded companies.

Photo credit should read SAM PANTHAKY/AFP via Getty Images

Asia's richest person doubles down on defence against fraud allegations ahead of a massive share sale

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Gautam Adani talking while seated.
Gautam Adani, Asia's richest person, founded the Adani Group conglomerate.

Amit Dave/Reuters

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