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23andMe's Founder Anne Wojcicki Wins Bid For DNA Testing Firm

1 month ago
Anne Wojcicki, co-founder of 23andMe, has regained control of the bankrupt DNA-testing company after a nonprofit she controls outbid Regeneron Pharmaceuticals with a $305 million offer. The company filed for bankruptcy in March due to declining demand and fallout from a major 2023 data breach. "The agreement with non-profit TTAM Research Institute is the result of a final round of bidding that occurred earlier today between TTAM and Regeneron Pharmaceuticals," the company said in a statement.

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GameStop CEO Says The Company's Future Isn't In Games

1 month ago
GameStop is leaning heavily to trading cards as part of its future strategy, according to CEO Ryan Cohen. The news comes as a part of larger strategy shift to buy and hold a lot of bitcoin. From a report: Cohen has said that continuing to focus on trading cards, including the incredibly popular recent Pokemon card sets, is a "natural extension" of GameStop's business. He added that the collectibles could have potential for high profit margins. Pokemon cards have a seen a gigantic resurgence recently. Stores regularly sell of sets, including the Destined Rivals set that launched on May 30. Cards have become increasingly hard to find as scalpers buy up supply and sell Pokemon card products -- including cards, special boxes, and accessories -- at exorbitant prices.

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