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Happy Monday! Let’s have a great week:
👉Telegram CEO arrested
👉Dexcom glucose monitor
👉Oil rises on news
TELEGRAM: CEO Arrested
Telegram CEO Pavel Durov was arrested near Paris on Saturday night, facing allegations of allowing criminal activities on his messaging app. French authorities accuse the 39-year-old billionaire of organized crime, drug trafficking, fraud, cyberbullying, and promoting terrorism through Telegram.
Source: CNN
Durov, who founded VKontakte (VK) in 2006, left Russia in 2014 after clashing with the Kremlin over censorship. He launched Telegram in 2013, championing it as a platform for free speech. With an estimated net worth of $15.5 billion, Durov is one of the world’s richest people.
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DEXCOM: Glucose Monitor
Dexcom has launched Stelo, its new over-the-counter continuous glucose monitor (CGM) in the U.S. Stelo is designed for people with prediabetes or Type 2 diabetes who don’t use insulin but are available to anyone. A one-month supply costs $99, with a monthly subscription option at $89.
Source: Dexcom
Unlike Dexcom’s previous products, Stelo doesn’t require a prescription, making it accessible to millions who couldn't get coverage. The device, worn on the upper arm, tracks glucose levels in real-time and sends data to a smartphone app, helping users monitor and manage their levels.
OIL: Rises On News
Crude oil futures rose Monday due to escalating tensions in the Middle East and a production halt in Libya. Libya's eastern government announced it would stop oil production over a dispute with the western government, adding uncertainty to global oil supplies.
Source: Reuters
Meanwhile, tensions flared along the Lebanon-Israel border after Israel launched airstrikes on Hezbollah positions. Hezbollah retaliated with missile strikes, raising fears of a broader conflict. The region has been on edge following recent assassinations of key figures, with Iran also threatening retaliation against Israel. These developments are fueling concerns about potential disruptions in global energy markets.
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